What is Signup Bonus (Welcome) in online casinos

[RayanM]

Welcome Bonus​

Almost all the casinos usually offer a welcome bonus to attract new players. Welcome bonus is an engaging offer that casinos have to let you try new games if you deposit cash on your gambling account. But before signing up or ask for the bonus, it is better to check terms and conditions.

How the Welcome Bonus Works​

In essence, the welcome bonus is a deposit match bonus, and you need to sign up and make a deposit in order to get this bonus. In return, you will get a percentage of extra money based on the currency you deposited. 100% match bonus is the most common, but usually, this kind of bonus has limitation. For example:

• If a casino offers a 100% welcome bonus up to 200£ and you deposit 100£, the casino will deposit into your account 100£;
• If you deposit 300£, the casino will deposit only 200£ because of the cap

*Often this kind of offer goes beyond the first deposit. That means you get some percentage of extra money on your second or third deposit too, but you have to check the casino’s terms and conditions about this.

Wagering Requirements​

You should know the casino bonuses are commonly computed by multiplying the value of the bonus by a set multiplier – mostly between 20x and 50x. The cost of all of your bets must match this value in order to clear the bonus money for withdrawal. Even the best casino must use this tool to make sure only authentic players take part in the action.

Sometimes you can find a deposit match bonus with a higher percentage, for example, 300%. Since casinos take high risks with these bonuses, they also impose more strict wagering requirements. Usually they ask to use both, the money you deposited and the bonus money, a certain time before you can withdraw winnings. For example, “30X wager requirement before any withdrawal” can be initiated. This means that no part of the bonus may be withdrawn until the deposit has been bet through a minimum of 30 times: $3,000 in wagering is required to release the $100. But sometimes they will impose other restrictions in addition.

Expiration Date​

Finally, check the expiration date of the bonus because many casinos require using the bonus within a certain time. So it is worth to choose the bonus, considering how much you play and if you can manage to use the bonus within the given amount of time before signing up. After all, it’s awful to lose everything just because you ran out of time.

To sum this all up, after checking terms and conditions, use the welcome bonus to test a new casino or a few games you wanted to try, without risking too much. Now, when you know more about this, we suggest you take a look at