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Welcome Bonuses

Casino bonuses are enticing, so it's no surprise that there are so many to choose from in today's ever-expanding online casino market. On this page, we talk welcome bonuses and focus on a key distinction among them.

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What Is a Welcome Bonus?

A welcome bonus, known as a sign up or a first deposit bonus, is a promotional incentive offered by an online casino to entice new players to join the site. It is, too, a casino's way of welcoming you and celebrating your first successful deposit.

When it comes to online casinos, welcome bonuses have become a standard feature. Opening an account at an online casino without receiving a welcome bonus is practically unheard of in the online gaming market.

Why Should You Use a Sign up  Bonus?

Regardless of whether you're a newbie to online gambling or a seasoned veteran, casino welcome bonuses are always an excellent way to get acquainted with a new casino's brand.

What is more, it takes time and effort to create a bankroll; therefore, a generous welcome bonus or welcome gift can come in helpful. Depending on the casino, these bonuses might double or even triple the amount of your initial deposit.

You can increase your chances of winning by taking advantage of a welcome bonus.

The Most Popular Types of Welcome Bonuses

When you sign up for a new casino, you will receive a bonus as a thank you. The first deposit incentive is just the beginning. The best online casinos will give you a slew of different incentives to play, all to increase your bankroll and encourage you to stick around.

Here are some of the most popular welcome bonus types:

Deposit Bonuses

When you make a deposit at an online casino, you receive a bonus. In addition to the sign up bonus, you can also receive this type of incentive as part of a promotional effort later on.

These bonuses cover a percentage of your investment (such as 50%, 60% or anything above or beyond) or the entire deposit. If you want to cash out, i.e. withdraw funds, you'll have to meet a set of conditions first.

Free Spin Bonuses

It is common for casinos to give existing players free spins to promote the introduction of new slot machines; some also give them to new players. This form of bonus gives you a limited amount of free spins, which you may play to win real money without spending a single cent. 

Even while free spins are available at most casinos, each one has its own strategy. An increased wagering requirement and a lower maximum cashout limit accompany the majority of free spins offers. Use the bonus to reach the maximum cashout amount and withdraw your earnings in a timely manner.

Free Game Bonuses/No deposit bonuses

Bonuses that don't require a deposit are called no-deposit bonuses. This one is entirely free, so there's no need to pony up any cash upfront. Ensure to read the fine print before claiming this incentive since there are bound to be connected constraints.

New players love this one over all others and stand to gain from this arrangement. With no deposit bonuses, players might expect some limitations, however. Usually, you can't play a game that costs more than $20 in the casino. Slots with a $30 cap and multi-table games costing around $100 can't be played.

Match bonuses

The match deposit bonus is a monetary bonus given to online casino players when they make a deposit into their accounts. Players are given an offer from the casino site that matches their deposit dollar for dollar, up to a specified percentage. For instance, if your deposit is $300 and the deposit match is "up to $200," your bonus will only be matched up to $200, leaving you with a total of $500.

Cashable or Non-Cashable Welcome Bonus?

Cashable bonuses and non-cashable bonuses are two subtypes of deposit bonuses. Each comes with a set of rules, benefits and limitations, and we discuss them below.

Cashable Welcome Bonuses

If you meet all of the terms and conditions, you can freely cash out your casino bonus. Although most players prefer cashable bonuses, an increasing number of online casinos are now offering non-cashable ones instead. An example of a bonus that can be cashed out is if you get a 100% bonus up to $200.

  • Usually, no limit on the withdrawal amount
  • Counts towards the playthrough requirements
  • Lower wagering requirements
  • Can be withdrawn with your winnings

Non-Cashable Welcome Bonuses

Non-cashable bonuses (also known as sticky bonuses) allow you to spend the money to place bets while keeping all the earnings but not the bonus amount. This implies that if you receive $200 in bonus money and win $100, you will only be allowed to withdraw $100, not $300 (bonus plus winnings). Even while these bonuses appear to provide you less in return, it is convenient not having to meet rigorous wagering requirements.

The main characteristics of non-cashable welcome bonuses are:

  • Stay with the casino, therefore the "sticky bonus" term
  • Tend to be higher than cashable bonuses
  • Playthrough requirements may be higher
  • Non-cashable as part of your winnings
  • Only used to increase your playing bankroll

How to Find the Best Casino  First Deposit Bonus

In today's thriving iGaming market, the online casinos are competing to attract and keep players on their platform; one of the ways to keep players is to treat them to great deals. But, while everything may seem like glitz and glam to players when skillfully wrapped in casinos' presentations, players should be careful about what they are saying "yes" to.

Here's how players can spot a good casino welcome bonus:

Searching in Online Casinos

Casino sites have grown in popularity throughout time, and welcome bonus packages have also evolved. In addition, casinos regularly increase their bonuses. As a result, keep your eyes peeled! It is critical to shop around before committing to a single casino.

Comparing Casino Welcome Bonuses

You should examine and compare bonuses and percentages offered by different casinos. Also, keep in mind the maximum amount you can obtain after making a deposit.

Reviewing Bonus Terms & Conditions

Always, and we can't stress this enough – always – read the bonus terms and conditions carefully! 

The most typical wagering requirements for bonuses are between x10 and x30. However, there are a lot of different operators out there. Don't be surprised if you encounter a promotion requiring an x70 wagering requirement. 

Because anything can happen, you'll often be faced with different terms that may catch you off guard; to avoid that and play seamlessly, make it your priority to inspect the fine print.

Welcome Bonus Wagering Requirements

Different casino games will contribute to the wagering requirementsin different ways. As a result, always examine how the games will contribute to the wagering requirements before playing.

These are bonus limits that prevent players from withdrawing their earnings right away. Players must adhere to these rules and continue to play until they have wagered the required amount of money. If a casino bonus has a 20x wagering requirement, for example, players must spend €2,000 before withdrawing any money.

There are, in fact, a few casinos that provide no-deposit bonuses. Bonuses with no wagering conditions, on the other hand, are typically substantially smaller in value. And – it bears repeating – it is best you check the Terms here, too, for fine print may uncover additional info you haven't gleaned at first glance.

How to Cash Out a Welcome Bonus

It is possible to cash out casino bonuses in real money, but there are often terms and conditions attached to the process.

Gamblers can expect to receive a welcome bonus and free spins upon signing up for an online casino. Wager requirements are a mechanism these casinos have implemented to prevent players from being taken advantage of. Players can't just cash out their bonus money; they must meet a minimum withdrawal amount and a certain number of wagers before they may complete their withdrawals through these wager criteria.

Certain wager requirements are put in place for online casinos to recover their extended credit incentives and prevent losing money. They also encourage players to play to increase their wins, which benefits the casino and the individual players. Players can begin the withdrawal process after meeting the necessary minimums and wagering criteria. Waiting for verification and approval of their cash out request is common once they submit their withdrawal request.

Common Welcome Bonus Terms and Conditions

It's far easier to get online casino bonuses than it is to grasp all of the terms and conditions. You need to familiarize yourself with the terms in order to understand the content. If you don't do this, you could end yourself in a bonus plan that you can't use.

Inspect the following:

  • Expiry date/timeframes
  • Wagering requirements
  • Wagering contribution table
  • Match percentage
  • Maximum bets and winning caps
  • Restricted games

The Best Welcome Bonuses for You

Whether it's a welcome bonus or another form of bonus, each one usually has its own set of requirements. AskGamblers team makes it a point to offer this information with every bonus on our website. However, you should always read the bonus Terms and Conditions in their entirety, as this is the only way to know exactly what to expect from a bonus offer.

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