If you enjoy gambling, what would you look for when signing up to a new casino? You would look for offers and bonuses! Many casinos actually provide offers specifically for newly registered customers. This form of offer is extremely common and one of the most widely offered by gambling platforms around the world. As you will see, there are many different types of welcome bonus. There is also much to consider when choosing one.
But why welcome bonuses exist? We will look at the different forms of offer available. We will also help you understand how to use and claim your casino bonus. Finally, we will divulge how to choose the best offers to get more for your money as a new customer.
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Why do Welcome bonuses exist in online casinos?
First, you should understand the thought process behind welcome bonuses. Why does practically every casino give some kind of promotion to new customers? There are several reasons:
- To give incentive to customers to pick their platform
- To gain a competitive edge over other websites
- To prompt users to spend money and try out their games
The first reason is to simply bring in new customers. There is a huge array of different gambling sites available – a casino must have something to offer so that new customers pick them. What better way than to provide a bonus just for signing up and creating an account?
Secondly, a welcome bonus is a great way to give a casino a competitive edge. If you look at two casinos side by side as a potential new customer and see that one has a welcome offer, and the other doesn’t; which one are you likely to choose? The one with the welcome bonus obviously!
Thirdly, an offer such as this to new customers provides an incentive for customers to spend money and actively use the casino. If you give them a matched deposit welcome bonus, for example, you are prompting them to spend that bonus cash. Ultimately, gambling sites offer these promotions to increase their revenue and its one of the most effective ways to do so.
Types of Welcome Bonus
As mentioned in the initial paragraphs there is a wide range of different welcome bonuses to choose from. Tying to decide which platform and offer you prefer can be difficult. To help, we have listed the main 5 types of new customer offer that is usually available. There could be variants of these offers, but you will usually find one of these 5 types as a new customer:
◊ Deposit bonus
This is one of the most offered rewards for new customers available. The deposit bonus. This has a simple premise – you create a new unique account with the site, make an initial deposit, and then receive a fixed value bonus. The offer could be for example, “Welcome offer: Deposit $50 and receive $25 free bonus”. You basically have to meet the stated criteria to receive your fixed reward.
It is important that you understand the terms and conditions and check the criteria. In most cases, the reward will only apply for your first payment. Furthermore, there is usually a wagering requirement or restrictions on how and when you can use the bonus. You will not be able to withdraw the bonus value, only use it to gamble with.
Always check the terms! You don’t want to claim your free cash and then waste it because you haven’t met the requirements. Deposit bonuses usually don’t have huge value but are certainly worthwhile. The main downside is the wagering requirements or restrictions on how you can use the funds.
◊ Matched deposit bonus
A matched deposit bonus is similar to the above deposit bonus. The key difference is that the reward you receive depends upon how much cash you deposit. For example, a casino could offer “150% matched deposit up to a value of $500”. So what does this mean? If you made an initial deposit of $100, you would receive a bonus of $150 giving you a total of $250 to spend. If you deposited $600, the bonus would still only apply to the first $500.
There are several things to consider for this form of bonus – percentage, maximum value, and a number of deposits. The percentage states how much your deposit is matched by – it is usually 50%, 100%, or other multiples of 100. The maximum value states the upper limit that the matched deposit applies for – anything over this will not qualify for a reward. Finally, some matched offers are for 1 payment only. Others, however, could be split over your first three payments for example.
Matched deposit rewards give you the highest funds, but they also usually have the highest wagering requirements too. This is the payoff that you must consider. Always be aware of how the offer works, and how and when you can use the matched funds.
◊ Payment method bonus
Online gambling sites in Ontario offer many different payment methods. You can use Visa, MasterCard, Neteller, and other transaction systems. Some casinos actually give bonuses to new customers who make a deposit with a certain payment method. Gambling sites may promote a specific payment method if they have a partnership with the payment provider, or if they stand to gain from customers using it.
Bitcoin and other cryptocurrencies are often privy to payment method bonuses. Basically, you must create a new account, and make an initial deposit using the specific payment type. You will then receive a set bonus or a matched bonus credited to your account.
As with other forms of an offer like this, you must look at any wager requirements. Payment method bonuses are one of the best types of welcome offer. They usually have a few negative aspects, and if you happen to use that specific payment type, then there is no reason not to benefit from this offer.
The final common welcome bonus is the no deposit offer. As you would expect, this offer does not require that you spend any cash or make a deposit. Casinos will give new customers a no deposit welcome bonus to entice them to their platform. From the outset, this appears to be an extremely favorable offer. There is usually a catch, however. Casinos will impose heavy wager or playthrough requirements, or restrict the returns you can make from your free cash.
Be thorough when reading the terms and conditions of a no deposit bonus – you must understand how you can use the funds and any limitations that are imposed. There is no reason not to use a welcome bonus such as this, but don’t expect to make huge returns – the wagering requirements can severely limit any potential you have to make a profit.
Claiming and using your welcome bonus
You should now have a clear idea of the different welcome promotions available. But how would you claim one? Furthermore, how would you use it and withdraw any winnings that you made? We explain these processes below so that you can understand how to obtain and use your offer:
➀ Finding a welcome bonus
First, you have to locate the offer so that you can claim it. The first place to start is the casino homepage. In most cases, the gambling site will visually promote the offer on their homepage. This is logical as it is the first page new customers will see. Look for a banner advert or a promotional advert in the site header.
If you cannot find the welcome bonus here, then there should be a dedicated offers page. On most casinos, this is called “Promotions”, “Bonuses” or something similar. This page will detail every single offer and promotion the casino has and should contain any rewards for new players.
Failing that, when you create a new account or make your first deposit, there will be a link for the welcome bonus or a bonus code that you can use.
➁ Claiming and using the offer
Once you have found the promotion, you must then claim it. This process could vary depending on the platform you are using. The methods to claim are as follows:
– Use a bonus code
– Make an initial deposit
– Click a link and follow the instructions
The first method is to simply use a bonus code stated. When you look at the promotional page, or the welcome bonus page itself, there may be a code stated. It could be something such as “WELCOME100” for example. Make a note of this code. You will have to enter the code either when creating your new account, or making a deposit – just look for a bonus code box.
Secondly, a welcome bonus can take effect when you make a deposit. Some offers are credited automatically simply when your account has been credited for the first time.
Thirdly, you may have to follow a specific link on the website and follow a set of instructions. There could be a dedicated page for the welcome bonus for example that you have to visit to activate it.
Whatever the method of claiming, you must always read the instructions! Casinos must give clear instructions on how to obtain the offer.
➂ Withdrawing the offer
Finally, once you have used the offer, how can you claim any winnings? You must first be clear of the terms and conditions surrounding the winnings. There could be stipulations. The following are some considerations to make:
- Is there a wagering requirement?
- Is there a playthrough requirement?
- Can you even withdraw the offer?
- What timescale do you have to work too?
Look carefully before you attempt to withdraw your winnings. For example, some casinos only allow you to withdraw any profit you make from the welcome bonus – you cannot withdraw the bonus amount itself as cash. Furthermore, you usually have to wager the funds a set number of times, or equal to a set cash value before you can withdraw any profit.
Once you are certain you have read through the requirements carefully, you can withdraw your winnings. You should usually have to head to your account or cashier section – it could be labeled as banking or payments for example. Simply select the amount, payment method and finalize the withdrawal! Time periods for withdrawals will depend upon the payment method chosen, and the processing times of the site itself.
How to Choose the Best Welcome Bonus
You should now practically know everything there is about this offer! All that is left is to understand how to choose the best offer. You have to understand that not every welcome bonus is profitable. Some casinos promise the world but actually delivery very little in return.
The following are some considerations to make when choosing the best welcome bonus:
- What is the overall value of the offer?
- What real cash do you have to spend to get the offer?
- What are the wagering requirements?
- What must you do to claim the reward?
- Do you like the different games the site has to offer?
- Do you like the website itself and how it works?
You have to weigh up in your mind if you feel the bonus is worthwhile. You also have to think which is better – a larger value bonus, or lower wagering requirements.
Although we have provided an excellent array of information, you may still have some questions. Trying to understand the welcome bonus can be tricky as there is a lot to consider. The following are some general FAQ questions that should clear up any final queries you have about this casino offer for new players:
Can more than one person per household claim a new member offer?
Usually no. A casino will state that a welcome offer can only be used once per household, unique account, or even an IP address for your computer.
Can an offer for a newly registered user be transferred to another account or site?
No. The welcome bonus will usually only be valid to the registered user, on that specific site.
Will you have to make a deposit to claim an offer for new customers?
Not always. Some casinos provide a no deposit welcome offer. In most instances, you will have to make a small deposit to claim the offer, however.
Do you need to register an account with a valid email address to receive your welcome bonus?
Yes. If you don’t use an email account you have access too, you won’t be able to click the activation link to use your gambling account.
Do you need to provide your home address and card details to claim offers?
This depends on the type of offer and casino. In most cases, you will have to create an account and give your personal details. You will only have to give your card details if you have to make a deposit.
Does a new user offer have an expiry date?
Usually yes. For example, you may have to use bonus funds that you earn within a set time period from the point of activating the bonus.
Does every online gambling platform offer a welcome bonus for new customers?
Not always, but 99% of online gambling sites will have some form of an offer for new users.