Online Casino Welcome Bonuses
Almost every online casino gives a welcome bonus, also called a sign-up bonus, to new customers who create an account. These come in the form of free chips to bet with, and they are a big reason why it’s better to play online than in a real-world casino. You can get what is essentially free money, which might sound too good to be true, but it is true.
If you play at online casinos, these bonuses are a great way to get more for your money. But you should also be sure you know how they work. Not every bonus is the same, and some are much better for the player than others. The biggest isn’t always the best, and sometimes a small bonus is a much better deal than a big one.
This is because they always have certain rules that must be followed, and these rules vary a lot from place to place. On this page, we explain how casino welcome bonuses work, and we recommend that you take the time to read this information.
Why do online casinos give bonuses when you sign up?
You might wonder why online casinos give these bonuses to new players. They’re there, after all, to make money, not to give it away. The reason is pretty easy to understand: they see them as a cost of marketing. There is a lot of competition in the online gambling business, and there are hundreds of online casinos that all want you to sign up with them. One way they can get you to do that is by giving you an attractive bonus.
When you think about it, it makes sense. They know that a customer is more likely to give them money in the long run than the other way around. So, it’s a good idea to give a new customer a reason to sign up, since they’ll probably get their money back and more over time. This doesn’t make the bonuses worthless, though, because they still give the player something of value.
Why welcome bonuses are good
Getting a bonus is a good thing if you plan to deposit money at an online casino and risk a certain amount of money. You’re only risking money that you were going to risk anyway, and now you have a little more to play with. If you have more chips, you have a better chance of winning every time.
It’s not a given that you’ll lose at a casino. With a little luck, you could easily come out ahead. With more chips to play with, it just becomes more likely that this will happen. Even if you lose, the bonus lets you play longer than you would have without it, so it’s still worth something.
What you need to know
Most of the time, there’s no downside to getting bonuses, but as we’ve already said, there are some requirements that must be met. Most of the time, these are fairly player-friendly at the best online casinos, but in some places, the requirements are so much in favour of the casino that there’s not much value to be had. Also, sometimes you may only be able to use the extra chips at certain games. If you don’t like those games, then a bonus like this isn’t much use to you.
Before you start using a welcome bonus, you should always read the terms and conditions. Specifically, you should look at how much you have to bet and what games are eligible.
Casinos have wagering requirements so that people can’t just deposit money, get a bonus, and then cash out right away. There’s no reason for the casino to let players do this, so they add wagering requirements to make sure that the extra value is only given to real players. Basically, these tell you how much you need to play before you can get your money.
Most of the time, you’ll have to play through your bonus a certain number of times. For example, if you claim a $200 bonus and the wagering requirements are 20x the bonus, you would have to bet a total of $4,000 before you could make a withdrawal. There are also things called “game weightings” in a lot of casinos. This means that some games only count for a certain amount of the required bets. Most of the time, these are games with low house edges, like blackjack and baccarat. At some casinos, you can’t use a bonus at all to play games with a low house edge.
How Sign-Up Bonuses Work
There are a few different ways to group sign-up bonuses. First, there are deposit bonuses and bonuses that don’t require a deposit. The first kind of bonus is also called a “match bonus,” and it’s given to you when you make your first deposit at a casino. The amount you get back will be a set percentage of what you put down. For example, if the deposit bonus is 50% and you put in $500, you’ll get an extra $250, giving you a total of $750 to play with.
As the name suggests, you don’t have to make a deposit to get a no-deposit bonus. These aren’t as common and are usually much smaller, but they still add something. They can be a good way to try out a casino without putting your own money at risk. If you like what you see, you can go ahead and put money down.
Bonuses can also be stuck to your account or not. A sticky bonus can’t be cashed out; it can only be used to play games. Once you’ve met the wagering requirements, you can withdraw any winnings you get from it, but it will “stick” to your account until you lose it. A player is much better off with a bonus that doesn’t stick. Once you’ve met the wagering requirements, you can take it out of your account along with any winnings.
There is also something called a “phantom bonus.” This is also only for making bets, and when you make a withdrawal, it will be taken out of your account automatically. If you meet the wagering requirements, you can take out any winnings you get from playing with it.
In addition to a welcome bonus for new customers, most online casinos give their regular customers a lot of other benefits. This can be done with the help of extra bonuses, promotions, rewards, and VIP programmes.
How to Choose the Best Casino Bonus
Once you know what the different types of bonuses are and how they work, you can look at what each online casino has to offer and try to find the best welcome bonus for you. Just make sure to look at the rules to make sure you can use it on the games you like.
Of course, you don’t have to spend your time comparing different bonuses to figure out which one is best. We have made a list of the best online casinos for bonuses, so all you have to do is look at it and choose one.