IGaming is among the most rewarding industries. As such, there is cutthroat competition thus betting operators have to come up with clever ways of winning the patronage of as many customers as possible. One effective method used by operators is called a signup bonus.
What's a Signup Bonus?
Also known as welcome promotion, this is a casino offer that players receive when they successfully register a new real money account. Basically, it's a casino's way of greeting their new customers and inducting them into the online gambling world.
Since the introduction of game sites, welcome promos have become a more or less mandatory component of each casino. Usually, they're presented in the form of a percentage as match deposit bonuses but could also include other promotions as explained below:
- Match deposit Promotion: It's a common offer you'll run into - often, you'll get a 100% matchup deal. Therefore, if you deposit $100, you'll receive an additional $100 to spend. The Best signup bonus deals will be offered ranging from 200% to 500% deals, which help boost your bankroll quite significantly.
- Welcome package: More generous operators give this offer as a package, comprising of match-up promos for your first, second, third, fourth and sometimes the fifth deposits, all wrapped up together. Additionally, the betting house could sweeten the pot and include extra freebies such as free spins.
Importance of Welcome Offers
Growing your bankroll can not only be taxing but also takes a lot of time and patience. Gambling establishments are aware of this, which is why they're willing to provide these particular promos to get you started. As it is, the best signup bonuses double or even triple your deposits, which increase your chances of winning resulting in more money for you.
No Deposit Bonuses
These are casino deals that are given without necessarily depositing anything. Normally, game websites will include these in the welcome package to appeal to more players. A betting house could give you free chips, free cash and free spins to test various casino games and get to keep your winnings. However, they always come with conditions called wagering requirements that must be met before you can cash out any winnings.
Cashable and Non-Cashable Signup Bonus
Deposit casino promotions are usually bigger than free awards. Regardless of their type, they fall under cashable or non-cashable categories - you must pay attention to these classifications.
A cashable promo happens to be the best for obvious reasons - they allow you to withdraw your earnings plus the bonus money, as long as you've completed the wagering prerequisites. A non-cashable or sticky promotion is the opposite of its counterpart. You can only use it to play various titles available at the casino's lobby but you can't withdraw the bonus amount.
Welcome Bonus Terms
All promotions must have accompanying terms and conditions. These largely affect the value of your signup bonus. The fine print states how a deal works, the rollover conditions, games allowed and validity period. Therefore, if you want to make the most out of any type of offer, you must check them out.