Different Types of Casino Welcome Bonuses Explained – If you’re looking to brush up on your knowledge of casinos and their welcome bonuses, you’ve found the right page.
Welcome bonuses tend to be the most lucrative of all bonuses offered by online casinos, so it’s important to be aware of how they work, how to use them, and where to find them.
In this guide, we explore some of the main types of casino welcome bonuses. We look at the matched first bet and deposit bonuses in particular, and we also explore free spins and everyone’s favorite, free money credited to your account.
First, let’s look at how casino bonuses work.
When we refer to a “welcome” bonus, we mean the offer you receive when you sign up with an online casino for the very first time.
Many of the same welcome bonuses are offered by online casinos, but it’s important to appreciate the differences between them.
A key thing to be aware of is the terms and conditions. The same bonuses could be advertised by lots of different companies, but the rules attached to the bonus offered by, for example, Jackpot Village, may differ from those of other casinos.
For example, you may be restricted in the types of games that you can use the bonus on.
There may also be rules attached to the money that you make off the back of that bonus. For example, you may not be able to withdraw it to your bank account. Instead, you may be forced to use it as credit at the casino.
Other things to look out for include time limits. Sometimes, casinos attach time constraints on when the bonus can be used. For example, it may expire after 24 or 48 hours. Some may not have any expiration date at all.
Let’s take a look at some of the most popular welcome bonuses currently offered by online casinos.
One of the most popular of all casino welcome bonuses is the matched first bet.
This particular bonus holds the potential for substantial gains—if used well and your bet succeeds. The underlying concept is straightforward. Once you place your first bet on, say for example, roulette, the sum you stake will be matched by the casino.
Let’s say you place a bet of $50 on red. The casino will match it, thereby doubling your stake. Should your bet triumphantly prevail, you’ll get double the payout.
A host of betting sites offer to match first bets up to $1,000. However, some even reach dizzying heights of up to $2,000. This is where it pays to look around and study the terms and conditions of different bets.
The matched first deposit bonus holds even greater allure than the matched first bet offer.
The mechanics of this welcome bonus are similar to the above, only the bonus is usually activated when a new player makes their inaugural deposit into their account.
To illustrate, you may deposit a sum of $100. In response, the casino promptly supplements this deposit with an additional $100 in bonus funds, effectively doubling your playing credit.
As they’re quite lucrative bonuses, they usually come with specific terms and conditions, which may prevent you from withdrawing the credited amount, for instance.
You should also look out for the maximum bonus amount, wagering requirements, and eligible games as they can vary between casinos.
Arguably one of the best types of welcome bonuses offered by online casinos is free credit—in other words, free money to play with.
Most of the time, you cannot withdraw this money. You’re simply gifted it to play the games on offer. Like free spin bonuses, these offers may be limited to certain games, so always check the terms first.
One of the most common welcome bonuses are free spins on slot machine games. These bonuses sometimes accompany another perk, like a small amount of free credit.
Frequently dubbed as slots, these games are one of the simplest and most popular of all to play. The fundamental objective revolves around setting virtual reels into motion and, hopefully, matching up a series of different logos or symbols.
Welcome bonuses may offer players up to fifty free spins, perhaps even more. However, keep a sharp eye out for any restrictive terms and conditions. For example, the free spins may relate to a specific game that you might not find fun to play.