Welcome Bonuses 101: What Every Online Casino Player Should Know
Welcome bonuses are the rewards that casinos give to new players. They are often the most generous bonuses that a casino offers because these rewards are designed to draw new players in. When you join a casino, you have an opportunity to claim exciting bonus offers. Don't skip over this opportunity. Learn how welcome bonuses work and which ones to take.
The Two Major Types
There are two major types of welcome bonuses. The first is the deposit match. The second is free spins. Both types are powerful, but deposit matches are the most lucrative of the two. Deposit match bonuses give you a percentage of money based on what you deposit. With a 150% deposit match bonus, you'll claim $1.50 each time you add $1.00 to your account. Free spin bonuses give you hundreds of spins for a specific slot with a specific bet value. Each type of welcome bonus can be highly lucrative, and sometimes the offers include both types of bonuses, but other times you'll have to choose.
Understanding the Rules of Welcome Bonuses
There are several rules that welcome bonuses come with. The most common rule is the wagering requirement. For free spins, a wagering requirement is a multiplier that you apply to any winnings you get from a bonus before you can use your winnings. For a deposit match bonus, the wagering requirement is a multiplier you apply to all the bonus money you receive from the offer. Imagine you win $10 from your free spin bonus, and you have a 10x multiplier. With a 10x wagering requirement you must wager 10 times your winnings before you can withdraw them. It works the same with deposit bonuses. If you claim $50 in bonus money with a 20x multiplier, you would have to wager at least $50 x 20 or $1,000 to withdraw your bonus cash.
Joining a Casino for its Welcome Bonuses
Many players join casinos specifically for the welcome bonuses they offer. Welcome bonuses are often the most generous bonuses, and they present a major opportunity to claim more cash. Before you join a casino, you should look at the welcome bonuses it offers. By choosing a casino with rewarding welcome bonuses, you can get more money and free spins to play with.
Look at the Deposit Match Percentage
When choosing from welcome bonuses, the number one thing to look at is the deposit match percentage. High percentages offer greater bonus rewards. Look for the highest deposit match percentages and get more bonus money.
Get to Know the Bonus Limits
Try to match your deposit amount to bonus limits that make sense. If you're going to deposit a small amount, look for the highest deposit match percentage you can get that takes full advantage of your deposit. If you're depositing a large amount, you'll have to find a lower deposit match percent with a higher bonus limit to claim more money.
Avoid High Wagering Requirements
Most welcome offers come with wagering requirements. The wagering requirements determine how much money you need to wager before you can withdraw your bonus cash from deposit match offers or your winnings from free spin bonuses. The lower the wagering requirements, the better.
Welcome bonuses are the best offers that most casinos give you. Now you understand how to evaluate different welcome bonuses. Use your knowledge to get the best offers. Don't miss an opportunity to claim the best bonus that you can.