Almost every single online casino offers a welcome bonus or sign-up bonus to each new customer who opens an account at their casino.
Welcome bonuses come in a variety of shapes and sizes and they are one of the major advantages to playing online casino games as opposed to visiting a land-based casino.
Online casino bonuses are a great way to get more bang for your buck as many of them are essentially ‘free money’, but it’s important to remember that not all online casino bonuses are created equal and there are certain terms and conditions attached. Get to grips with online casino bonuses below.
Why Do Online Casinos Offer Welcome Bonuses?
It might seem counterintuitive to give away money when the aim of an online casino is to make money, but welcome bonuses are viewed as a marketing cost to entice new player account creation.
The online casino industry is incredibly competitive as there are literally hundreds of online casinos to choose from, many of which offer almost identical games. So how do you get a player to create an account at your casino instead of another?
By offering something better than what everyone else is offering of course! As such, different online casinos will offer different welcome bonuses all in the hopes of beating each other out of new customers.
The Benefits of Online Casino Welcome Bonuses
By creating an account at an online casino, depositing funds, and playing games, you are essentially risking a certain amount of money, and welcome bonuses sweeten the deal substantially.
You will have more funds with which to enjoy online gambling and therefore an increased chance of winning.
At the end of the day, the cost of online casino games should be written off as entertainment.
However, how many forms of entertain could see you walking away with more money than you started out with? Very few!
What are Wagering / Playthrough Requirements?
Each online casino welcome bonus will come with a certain set of requirements which have to be met and these are known as wagering requirements or playthrough requirements.
At the top online casinos these requirements are generally player friendly, but some online casinos have playthrough requirements which will not in fact add value to your experience.
As such, it’s imperative that you always read the terms and conditions attached to any welcome bonus offered to you and if there is any part of the terms and conditions that you don’t understand, the friendly customer service agents for the casino will be more than willing to give you advice.
Types of Online Casino Welcome Bonuses
Deposit bonuses: this type of bonus is also known as a ‘match bonus’ and these are given to players upon making their first deposit.
They are known as match bonuses as the casino will match a percentage of your deposit up to a certain limit. For example, 100% deposit match up to $200.
No-deposit bonuses: as the name suggests, this type of bonus is awarded to players without needing a deposit first. This type of bonus isn’t as common and they tend to be of lower monetary value, but still add value to the player experience.