Welcome bonus

Types Of Online Casino Welcome Bonuses

There are a lot of options available for players. This means online casinos must compete to attract you to their site. They do this by offering bigger and bigger rewards for people who open a new account and make a deposit.

There are three main types of welcome bonus rewards. The best is a no deposit bonus. Second, is a matching bonus cash. Third is a free spins bonus.

No Deposit Bonus

The name tells you everything you need to know. This type of bonus is cash the casino puts into your account when you open it. You do not need to make any deposit.

Matching Bonus Cash

This is cash an online casino puts into your account. The amount is usually tied to a percentage. Let’s say you see an offer for a “100% match up to $100”. This means if you deposit $50, you will get $50 in money added to your account by the casino. If you deposit $100, you will get $100 added to your account. But if you deposit $200, you will still only get $100 added to your account.

Free Spins

These are spins on slot machines or progressive jackpot games that you do not need to wager to take. But don’t worry. If you hit a jackpot prize, you still receive the prize.

What Are Bonus Wagering Requirements?

Online casino bonus wagering requirements are restrictions online casinos place on bonus cash. They tell you the amount of money you must wager while playing before you can withdraw your winnings. This is why they are also called ‘playthrough requirements’.

There are two types of welcome bonus waging requirements:

Bonus Amount

The first requires you to bet an amount based on how much you deposit. If the requirement is 20x and you deposit $100, you must make $2,000 in bets ($100 x 20).

Bonus + Deposit Amount

The second requires you to bet an amount based on how much you deposit, plus the size of the bonus. Let’s say you deposit $100, and get $100 in bonus cash. The playthrough requirement is 20x. You must wager ($200 x 20), a total of $4,000.

Other Welcome Bonus Restrictions

Wagering requirements are only one type of restriction. There are three other main types of welcome bonus restrictions:

Game Contributions

Game contributions are the amount of a bet that counts towards meeting the wagering requirement. It is different for every game. Let’s say you wager $100 on a game with a 50% game contribution. Only $50 will count towards the requirement.

Sticky Bonuses

Some online casinos do not let players withdraw their welcome bonus cash. This type of offer is a ‘sticky’ bonus. If you win money wagering with a sticky bonus, you can withdraw the winnings.

Time Restrictions

Time restrictions are how long you have to meet the wagering requirements. This changes depending on the casino and the offer. Some bonuses take a few days to clear. Other bonuses take a few months to clear.

How Do I Find The Best Online Casino Welcome Bonus?

There are several things to think about when choosing a welcome bonus.

The most important is the size of the bonus. But it is important to also consider the wagering requirements. A large bonus that is difficult to withdraw may not be the best option. All welcome bonuses have wagering requirements. You should find a bonus with a high cash value and low playthrough requirement.

You should also consider the games offered at an online casino. The game contribution for slots is often 100%. This makes them the best choice to clear a welcome bonus quickly. If there is a casino with a slot or progressive you like, you should play there.

Build Your Online Casino Bankroll

Online casino welcome bonuses give new players cash for opening an account. They are a powerful tool to build a bankroll and have no downside. Take advantage of them by opening accounts at many different online casinos.