What Is A Welcome Bonus And How Do They Work?

Casinos offer a welcome bonus as rewards to new users when they register to the website for the first time. You’ll receive this in the form of free chips, cash bonuses, or other monetary prizes.

The welcome bonus varies from casino to casino, and it’s up to you to determine which one is best suited for you.

The online gambling industry is extremely competitive. It’s a lead generation technique for online casinos and a hook for new players.

The welcomes bonus gives the online casino a competitive advantage over land-based casinos. You as a player will definitely prefer an online casino that provides a more lucrative bonus.

Types of Welcome Bonuses

To keep up with the competition with land-based casinos, the welcome bonuses must offer value to the player. However, it is better if you understand the terms and conditions in order to avail them successfully.

There are many types of welcome bonuses. Let’s take a look at the most popular ones below:

Deposit Bonus

Almost every online casino will offer you a deposit bonus after you make your first real-cash deposit. In most cases, you get a match bonus on your deposit. And other times, you may also receive an Interest on the deposited amount.

No-Deposit Bonus

As rare as they may come, no-deposit bonuses are real. Many casinos offer a small bonus as a token of appreciation to the new players even before a deposit is made. Similar to deposit bonuses, it can be cash, free spins, etc.

Free Spin Bonuses

A free spin bonus gives you a certain number of complimentary spins for one or more slot machines. For instance, if a casino gives you a bonus of 10 free spins, you are allowed to spin without paying 10 times on a particular slot machine.

The number of free spins can vary from casino to casino for newly registered players. Keep in mind that they come with a maximum payout limit and an expiration date.

Combined Bonus

Some gambling sites might create a combination of bonuses with any of the above. You might get free spins on a particular slot along with getting a match bonus. However, a deposit bonus and a no-deposit bonus don’t come together.

To cash out your welcome bonus, you must understand how the wagering requirements work.

Every online casino has a wagering requirement. In short, it is an integer number that indicates the amount of money you have to bid on games before you can withdraw the bonus as real cash.

To prevent participants from withdrawing immediately after making a deposit and claiming the bonus, casinos add wagering requirements. Casinos and payment gateways often limit the amount you can cash out at once.

For example, a wagering requirement of 30x bonus means you must spend 30 times more than the bonus you received. So, if you get a $10 bonus, you must spend $300 within a specified time to avail it.

Hence, read the terms and conditions carefully.

While some welcome bonuses can be very tempting, distinguishing between a good offer and a bad one is absolutely crucial. Before you visit a new online casino, check out the reviews to make sure it is safe and secure.

Sometimes many online casinos run scams, luring in beginners with ridiculous welcome bonus offers. Once you register, they can collect your credit card information and violate your privacy. So, try to opt for reputed online casinos at all times.