Doesn’t Everyone like a good welcome bonus, but they can be very confusing for first-time players! Here at minimum deposit casinos, we have taken the liberty to explain of all these different welcome bonuses. To find the best welcome offers take a look at our Toplist of the best bonus offers bellow.
First Deposit Bonus
In the search for the most memorable casino adventure, players the world over look for lucrative progressive jackpots, an amazing selection of casino games and a generous Welcome Bonus, or as it’s also referred to, a first deposit bonus. As the name suggests, this bonus is given immediately after the player has registered at an online casino and deposited funds in their account. Naturally, different casinos have different rules and regulations and the amount that is offered to players varies. Casino players should always make it their business to understand the meaning of the bonus, what it entails and especially, what the wagering requirements are as stated in the Terms and Conditions.
Although the Welcome Bonus varies from casino to casino, the primary principle of any casino offer remains the same. A first deposit bonus encourages new members to sign up and register a casino account so that their bankroll is boosted for extra gaming time, with a little help from the casino.
Deposit Bonus – Match Bonus
A deposit bonus is how much money is transferred to the player’s account after sign-up, an amount that varies from online casino to online casino. The most popular offer right now is a percentage match bonus, this is where the casino will match the amount that has been deposited by the player by 25%, 50%, 100% or more. For example, if the player has decided to deposit €$100, the casino will match that deposit with an additional €$100. Instead of gambling with €$100, the player will have €$200 at their disposal.
Your first Deposit Bonus is an incentive for you to get to know the online casino and the casino games they offer. A promotional tool that is designed exclusively to encourage players to sign up and make their first deposit, the value of the type of bonus varies from a percentage match on your first deposit through to free bonus money. In the case of a percentage bonus match, if you’re offered a 100% match on your first deposit of up to €$100, and you decide to deposit the minimum amount required, let’s say for example the minimum required is €$20, then the casino will match your €$20 with another €$20.
Every casino has a slightly different way of managing their bonus offerings and you’ll find that some will award you by matching your initial deposit whilst others require several deposits to unlock the bonus. But whichever way the casino decides to reward you for signing up, as a new player, the first deposit bonus will benefit you as it offers the chance to accumulate extra wins with no risk to your own money. It’s essentially free funds for you to not only test the slots but also look around the online casino and see if it’s what you’re looking for.
First Deposit Bonus – Capped
Another variation of the Welcome Bonus is a bonus package with a cap. For example, a casino offers a 50% match bonus up to €$300. This means that the online casino will offer you 50/% of your deposit provided it will not exceed €$300.
Free spins are often bundled together as part of a Welcome Deposit package. When free spins are offered as part of a Welcome Bonus, after the deposit has been paid, the player will receive their bonus match cash and free spins. Not all the casinos offer free spins as part of a Welcome package, but many do. Often casinos offer a large number of free spins, like 100 or 200, spread across a number of days, for example, 100 free spins to be used at 20 free spins per day for 5 days. Free spins are usually allocated for specific slots and can be offered in a number of ways:
No Deposit Free Spins
There’s no need to make the first deposit to qualify, you simply fill out the registration, agree to the casino’s Terms and Conditions and the free spins are yours to enjoy. No deposit free spins are very attractive to low stakes players that are trying to build a bankroll with absolutely no risk to their own money.
Deposit Free Spins
A deposit is required and the concept is pretty much the same as with the No Deposit Free Spins, you can play the slots, generate wins and after fulfilling the wagering requirements, the winnings can be withdrawn.
Terms and Conditions – Wagering Requirements
In its quest to providing thrilling casino promotions and Welcome Bonuses, some operators combine free playing money that can be used on all the slots and a selection of other casino games and free spins that can be used on certain slot games. For example, an online casino offers a Welcome package of a 100% bonus match up to €$500 and 200 Free Spins to be used over 10 days at 20 per day. This means that if you deposit €$500, you get another €$500 and 20 free spins a day for 10 days. This means that your total playing money is €$1000 and every day for 10 days you get 20 free spins deposited into your account. This offer is defined by a fine print, especially on the use of Free spins and it’s always worth spending time reading all the clauses in the Terms and Conditions.
Every bonus offered by an online casino comes with wagering requirements. In simple words, a wagering requirement is the number of times you can play a bonus before being allowed to withdraw your winnings. For example, If your online casino offers you a €$20 bonus with a 10x wagering requirement, you will have to spend €$200 on eligible games before you can withdraw pending winnings earned. In another example, if your free bonus of €$50 has wagering requirements of 30x, this means that your bonus amount credited to your account is subject to 30 times playthrough before it can be cashed in. Your accumulated winnings made whilst working towards your wagering requirements will be held in a pending balance and cannot be withdrawn until the requirements are met. You can, however, use this money to work towards the wagering requirement.
Make sure you know the weight of each game that contributes to fulfilling your wagering requirements. The slot games usually account for 100% and table and card games a little less, but this information is always clearly outlined in the Terms and Conditions. Progressive Jackpots never contribute towards wagering requirements but the slot games usually account for 100%.
No Deposit Bonus
As we previously mentioned, most of the best online casinos offer some kind of Welcome Bonus that players will receive when they register and make their first deposit. This is a completely legit way to gain new customers and most casinos operate this way. However, every once in a while some casinos go one step further and offer No Deposit Welcome Bonuses, similar to the standard welcome reward, but a No Deposit bonus doesn’t require you to make a real money deposit.
Imagine that you’ve never played at an online casino before but you feel like playing casinos games online. Most players are comfortable making the first deposit but some people don’t want to register at a new casino and provide all their personal information. Before they make a commitment they want to be absolutely sure. The No Deposit bonus takes away the suspicion and makes it more comfortable for players to register with a couple of clicks and collect free spins without having to deposit. These types of welcome offers might not be as popular as the ones that you get with a deposit required, but they do exist especially for casual users who want to explore the games in an online casino before committing. Most of the online gambling platforms that offer a No Deposit Bonus will always include a Deposit Bonus as well. This way, the player will get a small reward just by registering and a more generous one when they decide to sign up and deposit their money.
A No Deposit Bonus is a free of charge bonus offered to new players and a valuable way to start their gambling adventure, and the best part is that you don’t have to deposit any money to receive the Welcome Bonus. The casino decides how many free spins or bonus money to offer, and the player just needs to register and immediately begin enjoying the free spins without fear of risking their own cash. Although the money is instantly credited to the player account, it’s money that must be used for gambling and can’t be withdrawn into a bank account, e-wallet or credit card until the wagering requirements are met.
Cashable and Non-Cashable Bonus
All these sign-up bonuses can be grouped into two important categories, cashable and non-cashable sign-up bonuses. So then, what’s the main difference between these two types of sign-up bonuses? The bonus is considered cashable if it can be withdrawn after complying with the wagering requirements but if it’s a ‘sticky’ bonus, it becomes non-cashable. The bonus itself can be used to play casino games, but the actual winnings generated from the bonus money cannot be kept by the player.
Register at one of our recommended online casinos for the best Welcome packages and deposit bonuses on the internet!