There are many online casinos to choose from, making it important for each one to offer something special to attract new players and keep existing ones. Most online casinos offer what are called welcome bonuses because they give players free spins or money just for signing up and making their first deposit.
Some of the best welcome bonuses give players a 100% deposit match in addition to free spins that can be used on at least some of the online slot machines. This means if you deposit $150 and the casino will match deposits up to $200, you are going to have $300 to play with.
Keep in Mind the Wagering Requirements
When comparing welcome bonuses, one of the first things you need to do is check the wagering requirements.
You will find in the terms and conditions for the welcome bonus that there is a measure of protection in place for the online casino and that it makes sure the players don’t make deposits just so they can cash out on the bonus. If that was the case, players could deposit $150 and then immediately withdraw the $300 without playing a single game.
The average wagering requirement is between 20 and 50 times.
Once the wagering requirement is met, any money that is won from the bonus can be withdrawn. Bonus money and actual money tend to be split in a bet. If you make a $2 bet, then $1 will come from your real money and $1 will come from bonus money.
Non-Cashable Welcome Bonuses
An online casino welcome bonus that is cashable has wagering requirements like what was described above. However, there is also what is called a non-cashable welcome bonus.
You can use the money to place bets and can keep everything that you win, but you can’t keep the amount of the bonus. In other words, if you get a $300 bonus and you win $200, you will only be able to withdraw the $200.
This is also called a “sticky bonus” because the initial bonus amount can remain in the account until it is lost or until the player processes a withdrawal. When the player processes the withdrawal, all that’s left is the winnings.
It may be easier to take advantage of your winnings with a non-cashable welcome bonus than a cashable welcome bonus because of the lack of wagering requirements. However, you can count on the bonus amount being less than the bonus offered by a casino giving a cashable bonus.
No-Deposit Welcome Bonuses
Another one of the best welcome bonuses is the no deposit bonus. It is exactly as it sounds because you get bonus money without having to make a deposit. Many times the winnings from these bonuses can’t be withdrawn, but other times they can. They can be withdrawn if wagering requirements are met. However, perhaps only the winnings can be withdrawn and nothing more.
The no-deposit bonus is an online casino welcome bonus that is an ideal way to try out a casino before depositing real money.
If you have your doubts about the games, platform, or any aspect of the casino, you can use this money to see if it is a good fit. If you lose it all, you aren’t out any money at all. If you win, it is your lucky day.
Compare Online Casino Welcome Bonuses Before Playing
The best way to find out which casino welcome bonus is right for you is to compare them. The latest casino bonus offers you can see here.
Look at the minimum and maximum deposit amounts, the bonus amount, if any free spins are offered, wagering requirements, if it is a sticky bonus, and if a deposit is required to try the casino out first.
By doing your research, you can make informed decisions and get the most out of your gameplay.