The online gaming industry is literally crowded - there are countless gambling establishments with new ones launched by the day. To survive in this business, casinos come up with clever ways and means to win the patronage of as many players as possible.
Unlike the brick and mortar operators, games site offer what are known as welcome bonuses. These are made available in all shapes and sizes, sometimes with no deposit required.
What are the Welcome Bonuses?
Also referred to as sign-up promos, they're offers given to you when you register an account with a top game site - it's simply a way of saying 'hello' to new customers thus it's only offered once at every casino.
In most cases, you'll receive a 100% match deposit bonus of your initial deposit. For example, if you deposit $200, you'll receive an additional $200 to spend on various games. The more generous sites can extend the offer to your second, third and even fourth deposits. This particular deal varies from one operator another - some will award players up to 500% on their first deposit and throw in extra no deposit offers. Basically, welcome bonuses are among the biggest casino deals you'll get
. As such, if you want to land a good deal, you might want to do a little digging.
Cashable and Non-Cashable Bonuses
Note that each type of sign-up bonus can either be cashable or non-cashable. Therefore, before redeeming any kind of deal, you must understand exactly what it is if you're going to win cash out successfully.
Cashable welcome bonuses refer to the perks that allow you to withdraw your winnings plus the bonus. On the other hand, non-cashable offers, also known as sticky bonuses only allow you to cash out your winnings minus the bonus, which can only be used to enjoy different casino games.
However, you need to keep in mind that all promos have certain conditions called wagering requirements that need to be completed before you're allowed to withdraw any winnings.
Discussed below are the different types of welcome deals that you're likely to find as a new player.
No Deposit Bonuses
Just as indicated in the name, these do not require a qualifying deposit. They are offered by online betting houses to attract more customers. Although they're awarded for free, gamers still have the chance to earn some cash as long as they have real money accounts. These could be presented in various forms including free chips, free play, bonus money and so on.
Free Spins Bonus
Online slots are very popular casino games across the world. Most if not all operators, provide free spins as part and parcel of welcome bonuses to enable gamers to try out different slot games without having to pay a dime. Depending on the game website, you may be awarded between 10 and 200 spins. This way, you can determine the most suitable game for your gaming style or even find new love.
Bonus Money Promotions
This could be defined as the free money credited into your account. A player could get $100 free cash with no deposit to enjoy a wide variety of games including, slots, blackjack, roulette, poker and much more. Sometimes, promo codes may be provided to activate this offer.
Welcome Bonuses Terms
In case you're not aware, bonus terms and conditions greatly affect the value of any type of a welcome bonus. Therefore, it would be wise to go over the fine print and pay attention to the wagering requirements. This is the only way that you can get the most out of the promotions.