Every single online casino on the internet offers a welcome bonus to new customers who register as a member. These come in the form of free chips to gamble with; this is the most advantage than attend a land-based casino. If you play at online casinos, then you should try to take advantage of these bonuses. However, you should also understand exactly how they work. The biggest is not always the best, and sometimes a small bonus can actually be much better. This is because they always come with certain requirements that have to be met, and these vary quite significantly from one place to the next.
Why Online Casinos Offer Welcome Bonuses
The explanation is quite simple that they basically view them as a marketing cost. Offering an attractive bonus is one way they can encourage you to sign up with them.
They are more likely to win money from a customer than the other way around. Therefore it’s worth offering a new customer an incentive to sign up with them, as they’ll probably get their money back and more over time. It doesn’t worthless since they still add value for the player.
Benefits of Welcome Bonuses
If you’re planning to deposit at an online casino and risk a certain amount of money, then getting a bonus is obviously positive. Losing is far from guaranteed at a casino, and with a bit of luck on your side, you could easily come out ahead. Even if you do end up losing, you get to play for longer than you would have without the bonus, so you’ll still have some extra value.
Types of Sign-Up Bonuses
Sign-up bonuses can be categorized in a couple of different ways. The former is also known as match bonuses, and these are awarded by a casino when you make your first deposit. The amount awarded will be a fixed percentage of your deposit.
No-deposit bonuses are awarded without you having to make a deposit. They can be a good way to try a casino out without having to risk any of your own money.
Bonuses can also be categorized as sticky or non-sticky. A sticky bonus cannot be withdrawn; it’s for wagering purposes only. Once you have completed the wagering requirements, you’ll be able to withdraw it, along with any winnings you have made.
The phantom bonus is also only for wagering purposes, but it is automatically removed from your account when you make a withdrawal. You’ll be able to withdraw any winnings you make from playing with it, provided you meet the wagering requirements.