Understanding the Different Types of Online Casino Welcome Bonuses

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Casino Welcome Bonuses are rewards offered by most gambling sites to entice new players to sign up to their casino platform. Welcome Bonuses are as many as they are varied and, particularly if you're new to online gambling, it's important that you understand the nuts and bolts of the different types of bonuses available. More importantly, it's crucial that you read and fully understand the terms and conditions tied to each bonus. Let's look at some guidelines explaining the most popular casino sign up bonuses available today.

No Deposit Bonus

A No Deposit Welcome Bonus gives you free cash - usually valued at $5 to $20 - to try out a specific casino. It's a great way to get a feel for the casino and experience some of the games. However, in order to get the bonus, you usually must register at the casino, and some gaming sites ask you for your bank account details, while others require you to download their software first. You could also be restricted to the games you're permitted to play and must meet wagering requirements before cashing out. The amount you can withdraw is usually capped at between $30 to $100 or so.

Free Spins Welcome Bonus

Free Spins are now more widely used than the traditional No Deposit Bonus as an incentive to attract new players to a casino. When you sign up you get a certain number of free spins, ranging from 10 to 100+ - depending on the operator. The spins are often released in batches - some are available before making a deposit and the remainder after you fund your account. The spins are usually restricted to one specific slot or a small selection of slots and are of a low value - typically $.10 or $.20 per spin. It's now common practice to offer Free Spins in addition to a Deposit Bonus.

Deposit Bonus

With this type of Welcome Bonus you add funds to your account and the casino matches these funds with a percentage of your deposit. For example, if you deposit $200, the casino could give you a 100% match bonus, so you now have at $400 to play with. Before cashing out you need to bet through both your deposit + the bonus x20, x30 or even x50 times - depending on the casino. So, if the playthrough is x20 you must bet $8000 before you can claim any winnings. Game restrictions usually apply with this type of bonus and high RTP games like Video Poker and Blackjack are often excluded. Some operators also offer a bonus on your second deposit.

Set Deposit Bonus

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A second type of new player deposit bonus is a Set Bonus. This is when the casino offers you a set amount of cash. For example - deposit $10 and get another $40 to play with, giving you a total of $50 to gamble. If you deposit $20, you still only receive an extra $40. Again, playthroughs and game restrictions usually apply.

Before diving cash first into the Welcome Bonus pool make sure you're familiar with the terms and conditions and figure out how a specific bonus may work for you. Experienced gamblers often decline bonus offers as they feel they have more control gambling with their own money.