What You Need To Know About Welcome Bonuses / Sign Up Bonuses
One of the first things you can notice when you play at an online casino is that there are several types of bonuses offered. Bonuses have been around for a long time, and it’s an online casino’s means of attracting players, old and new, to play their games. Basically, there are several types of bonuses that are offered by an online casino, but in this article we are going to talk about the most common bonus which is the online casino welcome bonus.
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What is the Welcome Bonus?
A welcome bonus, likewise known as sign up bonus, first deposit bonus, or new player bonus, grants you bonus upon your first deposit. This is a type of bonus often used by online casinos in order to attract new players to sign up on their site. Basically, a welcome bonus comes in the form of a match up to the amount you deposit. This only means that upon depositing $100, you will get an additional $100 as the bonus.
Usually, the matchup is 100% of the initial deposit, but it could vary from one casino to another. In some cases, casinos will try to go further by providing a 200% sign up bonus for your first deposit. But it is also possible for certain casinos to go up high as 300%, 400%, or even 500%!
For a 500% match up bonus on a $300 you can expect to get a $1500 welcome bonus, which is without a doubt a very huge amount for a bonus! This is why you'll often see the casinos offer the Welcome Bonus as such: 300% Welcome Bonus up to $1,000! This means that the most they will give you is $1,000, so if you depost $300 you'll find $900 in your account, but if you deposit $400, you'll only see $1,000 in your account because this is the upper limit of the bonus offer.
How To Claim Your Welcome Bonus
Once you've done your research and decided which online casino will suit you best, the next step is to check their welcome bonus offers. You can only claim a casino's signup bonus once, so make sure you read the terms and conditions carefully before you decide.
So how can you claim your welcome bonus?
- Sign up to register an account at the casino of your choice.
- Go to the banking section of the casino and register your preferred payment method.
- Read the Welcome Bonus terms and conditions. These vary from casino to casino.
- Make your first deposit.
- Your Welcome Bonus will be automatically credited within minutes of making your first deposit.
In some cases, your Welcome Bonus only applies to your very first deposit and in others it can apply to the money you deposit over a number of transactions until your reach the bonus maximum amount. A Welcome Bonus could also be in a variety of forms, such as a large number of free spins, no deposit free spins, 100% bonus, 200% bonus, and a whole lot more.
Understanding Wagering Requirements
The only condition you should be aware of when you sign up to an online casino and get your welcome bonus is that it comes with wagering requirements that must be met before you can withdraw your winnings. Hence, if you receive a 200% sign up bonus, you can’t withdraw your money, or your winnings, immediately or without playing a certain number of games first.
Welcome Bonuses are designed to encourage you to experiment and try as many of the casinos games as you like without incurring any extra expenses. The wagering requirements are basically the casino's way of making sure you give their services and games a fair go before you withdraw your winnings or move on to another casino. These requirements vary from one casino to another, but in most cases they range from 10 to 30 times. Some casinos, however, have very high wagering requirements reaching up to 70 times! These are usually the casinos that offer extremely high Welcome Bonuses, so be aware that a super huge Welcome Bonus will probably come with conditions. There are several casinos, however, that come with no wagering requirements on their welcome bonuses and you can usually pick these out because on the surface, the bonuses look much lower than what other casinos offer. This is why you should always read the Bonus' Terms and Conditions of your chosen casino before you accept any bonuses.
Wagering requirements refer to the terms which an online casino places on your ability to release your first deposit bonus. It only makes sense that the casino you’ve signed up in will want you to play the games in their site for a certain period of time before giving you the chance to withdraw your free money. While the Terms and Conditions vary from one casino to another, the premise behind them remains the same. You will have to place a certain number of bets, or spend a certain amount of money on bets, before you can consider the bonus funds as your own money. In some cases, the playthrough will be based on the bonus amount, but sometimes it will depend on your deposited amount plus the bonus amount.
For example, depositing $100 in an online casino offering 100% bonus for your initial deposit will give you a matching $100 bonus. In this example, your wagering requirement will be on the bonus amount only, and the requirement will be 20x your bonus amount. This only means that you will have to wager $2,000 on casino games in order to be able to withdraw the bonus money given to you.
Get answers to all your bonus type questions by reading our bonus FAQ's:
How Do I Get a Welcome Bonus?
Welcome bonus triggers may vary, but in general, most welcome bonuses fit into the following categories:
1. No Deposit Bonus (a.k.a Sign Up Bonus) - You only need to complete registration and the bonus will be given automatically.
2. Deposit Bonus (sometimes referred to as "Deposit Match") - You receive either a percentage or a predefined amount once you complete a successful deposit.
Some welcome bonus packages may consist of both components.
What Are the Wagering Requirements for Welcome Bonuses?
In general, wagering requirements are the total amount of bets needed in order for the bonus money to become withdrawable, and it is no different for Welcome bonuses.
Example: you get a $10 bonus and the wagering requirements are x20. In order for the bonus money ($10) to become available for withdrawal, you must place total bets to the sum of $10x20 = $200.
When Can I Withdraw My Welcome Bonus Winnings?
As with all bonuses, you can only withdraw the bonus winnings once you complete the bonus wagering requirements. Note that some bonuses are given for play/wager purposes only and cannot be withdrawn.
Example: You received a $10 bonus, completed the wagering requirements and now have $18 in your balance.
$8 is the bonus winnings and so can be withdrawn in any case, whereas the $10 may not be available for withdrawal, depending on the bonus type mentioned above.
What is a Welcome Bonus?
A Welcome Bonus is something that is offered at almost every online casino. It is usually the largest bonus you will get from that casino. The welcome bonus is definitely useful as it allows the players to bet for bigger wins, and extend their play time at the casino. The welcome bonus can be just one or a series of multiple bonuses offered to new players when they make their first deposit at an online casino.
Most of the online casinos have a generous first deposit promotion, which can range from 100%, 200%, or even 400% of your deposit amount. Every online casino displays their welcome bonuses notably on their website, but it is important that the newbie goes through the fine print in order to find out the details.
How Do I Get Bonus Offers?
There are numerous ways to be informed about bonus offers. First, you can check the online casino website regularly for new updates. Second, you can visit the promotion page of the online casino website to check the offers. Third, you can sign up for the casino’s newsletter. This is the easiest and quickest way to learn about any new offers the casino may have.
What are Wagering Requirements?
A wagering requirement is where a player has to play the requirement worth of bets before the bonus is released for cash out. Typically, the wagering requirements state that you must wager 10 to 20 times your deposit plus bonus to release the bonus for cash-out.
Here is an example to help you understand more about what a wagering requirement is: You deposited $100 and receive a $50 bonus and the casino has a wagering requirement of 10 times your deposit plus bonus. This means that you will need to wager $1500 (10X$150) for the $50 bonus to be released for cash out. Once this number is reached, you can cash out your money.
How Much Is Left of My Bonus To Wager?
If you want to know how much you have left to wager before your bonus funds convert into real cash, you can log in to your account and select the ‘bonuses’ tab. Here you will find how much is left to wager on your bonuses.
How Can I Cancel a Bonus?
In the case of bonus cancellations, the associated winnings that you have collected will be forfeited. You may cancel your bonus by visiting the promotions page after you have logged into your account. You can find your active bonuses on this page, and there will be an option to cancel there. In addition, you can also contact the customer care support of the online casino to cancel your bonus.
Why Do Some Games Contribute Less Than Other Games to My Wagering Requirement In a Casino?
It is important to keep in mind that some games contribute a less percentage towards the wagering requirements compared to others. Table games such as roulette and online blackjack, contribute noticeably less than games such as online slots.
Who Is Entitled To A Welcome Bonus?
The welcome bonus is valid for new players only.
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Keep in mind that playing different casino games will count toward the wagering requirement, although each of them will contribute differently in fulfilling the requirement. Slots often contribute 100%, while games such as blackjack won’t contribute at all. Always make sure that you read the fine prints of an online casino regarding its sign up bonus to know exactly what you’ll be dealing with. Through this, you can avoid any disappointment later on, and give you the option of depositing an amount into your casino account that is just right for your budget. You can also take advantage of the top casino bonuses using our list of the best casino bonus codes.
Check out our list of top casinos online where you can take advantage of their fantastic welcome bonuses.