There are various types of welcome bonuses. Here are some details about each one of them. The most common types include no-deposit, match-deposit and free spins bonuses. Keep reading to find out more.
No-Deposit Welcome Bonus
Also known as a sign-up bonus, this is a reward that new gamblers receive once they sign up to an online casino. All you need to do is register an account, there is no need to deposit any funds. This is the most popular offer for gamers who are looking for the most risk-free online casino to sign up with, but it is also the least common.
With no deposit required to claim this reward, you could call it a free welcome bonus. It may be offered in the form of a cash reward. Here, first-time players will find that their player accounts are credited with a small amount of bonus cash, giving them free play on any game. Alternatively, new players may be offered a set number of free spins to be used on a specific slot or slots as their no-deposit welcome package. The bonus cash received from this offer can only be used to wager on one of the online casino's many games, it cannot be withdrawn to your personal bank account.
Match Deposit Welcome Bonus
This is the exact opposite of the offer we have just discussed above. It is the most common reward you will find at online casinos. In this type of deal, you must first sign up with a casino platform and deposit funds into your account.
Once you've done that, the amount of reward you will receive will depend on the amount you've deposited. Typically, the service provider will reward you with a certain percentage of your deposit. This could be 100% or more.
Let's look at some examples. Assuming that the site offers a match deposit bonus of 100%. If you deposit $150, the site will match it 100%. In other words, the casino will credit your account with an additional $150, meaning you'll ultimately have $300 in total to play with. However, casinos usually cap their match deposit rewards at a certain figure. For instance, if the site caps the reward at $500, it means that you can only receive a bonus on deposits up to that amount. That means anything you deposit above that amount will not attract any additional reward.
So, if you deposit $600 in the above case, the casino will only reward you with a match deposit of $500 so that your account will have $1,100 in total. This strategy aims to protect casinos against losses, as players would make huge deposits and receive vast amounts of bonus cash for gameplay.
Now, you don't have to receive a welcoming reward in the form of money. The reward can be non-monetary, and free spins are a popular alternative. If you know anything about slots, you probably understand what spinning means. You play these games by spinning the reels and matching symbols along the paylines.
If a gaming site allows you to spin the reels for free, that reward is what is known as free spins. If you receive 10 free spins, for instance, it means you will be able to spin the reels ten times without spending a single penny.
Free spins as part of an introductory package are usually linked to a specific game. What is good about them, is that most casinos give out free spins together with any of the above monetary rewards.
This usually only applies to introductory deals involving a cash deposit, but they can be very lucrative indeed. The deal will include a match deposit promotion as well as free spins. These deals are popular with operators as they often span more than just the first deposit. As a result, players are encouraged to keep visiting the site to claim their rewards.