A sign up bonus, or a welcome bonus is the extra money/spins that online casino give the players for signing up a gaming account or on the 1st/2nd deposit. Casinos offer these bonuses mostly to attract new players or to promote the new games. Players can capitalize on these incentives, although, they can’t withdraw any welcome bonuses until meet special wagering requirements.
Types of Sign up Bonus/Welcome Bonus
- No deposit bonus
Type of a welcome bonus that doesn’t require players to deposit their cash. Instead, players receive fixed sum of bonus cash from a casino after the registration to their account.
- 1st/2nd Deposit Sign up Bonus
Rewarded by a casino for the first/two deposits (depending on the online casino). The value of these bonuses varies from a casino to casino and can be of 50% up to 150%.
- Specific games bonus
Fixed bonus amount paid by a casino after the registration, that can be used in certain games (Sign-up Slots Bonus, Sign-up Table Games Bonus, etc).
- High rollers welcome bonus
Available for those players who made an initial deposit more than the requested maximum. Traditionally, these gamblers get bigger bonus amounts with lavish comps.
- Free spins welcome bonus
Offered to new customers; most often they can get this award on particular slot game. Require signing up or a deposit, and gives the possibility of spinning the reels without making a bet.
Welcome Bonus Wagering Requirements
As stated before, welcome bonuses have a specific set of requirements. Here is a rundown of those requirements:
- Turnover (playthrough/rollover)
How much you should deposit to cash out your winnings. Let’s say you visit a casino with a 150% welcome bonus and 20x playthrough required. This means that on your $50 deposit you will get a $75 bonus, totalling your bankroll at $125. Imagine, you won $1,000 on your bet, so now there’s $1,125 in your account. According to the turnover requirement, you should deposit 20 x $50 (that is $1,000) to withdraw any winning. $1,000 is deducted exceptionally from the deposit amount and not from the amount won. In this case, you’re required to make an additional deposit of $950 to cash out funds.
- Restricted games & deposit limit
For what games a bonus can be used and how much money should be deposited for receiving a bonus amount.
- Time limits
For what period of time the sign up bonus is available and when it expires.
Welcome bonuses can be quite valuable for novice players. Even if you cannot withdraw this bonus it is a great way to get acquainted with the game and start playing. To get the maximum benefit from the welcome bonuses, you should always review wagering requirements and other restrictions. Now, when know more about the welcome bonuses, we recommend you to have a look at LeoVegas Casino that offers a welcome bonus up to €700 (on the first 4 deposits) and HeavyChips Casino offering $77 no deposit bonus (can be used exceptionally for Games-OS Slots).