Casino Welcome Bonus
Online casinos love getting new members, with so many choices of online casinos that they need to offer players an incentive to play there instead of other places. This is where the casino welcome bonus comes in.
A welcome bonus is a great way to invite players to try and use a particular online casino. The online casino is basically offering their new customers free money for using their online casino. However, that “free money” must be used at that particular online casino and is usually subject to a wagering requirement.
There are a wide variety of types of welcome bonuses, and they are offered in various sizes as well. This bonus is easily the most common bonus and the most well-recognized bonus. There are very few online casinos that do not have a welcome bonus (or some version of it). They are also called “New Player Bonuses” or “Sign Up Bonuses.” Usually, the bonus is in the form of a “match” bonus. That means that the new player not only has to create an account, they also have to deposit funds into their account.
If the bonus does not require a deposit, then they are usually referred to as “No-Deposit bonus “or “Free Spin bonus ”. While those bonuses also target new players, they are different from a welcome bonus because of their lack of a deposit requirement.
What is a Welcome Bonus?
A welcome bonus is a bonus given to new players after they sign up at an online casino and make their first deposit. It is usually in the form of a match bonus, and there are a few versions of it. The most popular is just a straight match bonus. That means that the online casino will “match” your total deposit amount, usually by a certain percentage. The match is also usually capped off at a certain amount. There are quite a few online casinos that offer high matching rates—usually between 100% to 200%. That means that if you have a 100% match up to $100, then if you deposit $100, you will have a $200 credit to play on.
The other type of welcome bonus encourages the player to keep depositing at that particular online casino. They call this a staggered cash match or tiered welcome bonus. This type of bonus will offer the player a match on not only their first deposit but also on deposits after the initial deposit. Usually, the percentage match will decrease with each additional deposit, but that is not always the case.
There is also a “make your own” bonus option where the online casino allows the player a certain amount of time to play and a certain amount of credit to use during that time. Any winnings that you make during that time are then yours to keep. Even if you don’t do well, however, some casinos will give you some sort of consolation prize so you still get a bonus. These situations are much rarer, however.
Online Casino Welcome Bonus
If you are looking for the best online casino welcome bonus, take some time to research your options. You not only want to look for a high match rate, but you also need to look for a lower wagering requirement.
The wagering requirement means that you have to bet the bonus a certain number of times before you can cash out. Having a lower wagering requirement gives you a better chance of retaining your welcome bonus.
You should also consider the match cap as a welcome bonus. Some match percentages are high, but they cap off at a certain amount, which can dampen the effect of the match.
Other than making sure that you have the highest bonus available, you just use your bonus money as you would “real” money. Sometimes its use is limited to certain types of games, but that is usually not the case. Be sure to read the online casino’s terms and conditions for a full description of the rules and requirements for each bonus.
Casino Welcome bonuses are a great way to get started at a new online casino. It also allows you to “test out” the casino with less of your own money. If you do not like the online casino after using up your full welcome bonus, then there is no obligation to stay.