What is a Signup Bonus?
The term can refer to a number of different promotional offers to new players upon registration. A player signup bonus may consist of either a set amount of money that is credited before the new casino member even makes a deposit, or a percentage of his deposit that is “matched.” (For example, a casino that advertises a 200% match bonus would give $600 in bonus money on a $300 deposit.) In addition to, or instead of, free money, casinos may offer other goodies such as free spins, free games or free gaming time.
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When to Choose a Signup Bonus
You might really like the looks of a casino and think you would enjoy playing there, so you go ahead and sign up and make a cash deposit. In this case, the casino match bonus will add generously to your bankroll. What this means for you is more playing time, more wagering and ultimately more chances to win.
Signup bonuses - also known as welcome bonuses - come in many forms. The most common is known as a match bonus. Basically, the casino will match the amount you deposit in cash with an equivalent amount as bonus money.
How to Claim
Each casino does things differently. Sometimes casino signup bonuses are automatically added to a new player’s account. Or the gamer may need to request the bonus, in the registration form or the cashier section of the casino site, or by writing to the customer support team. If a special promotional code of letters and / or numbers is provided, remember to include that in your request.
Things You Should Know
All bonuses come with a string or two attached. Of course, match bonuses are no different. First, the house has a set maximum deposit amount that it will match. Second, when you’d like to withdraw your match bonus money, be aware that the casino will have a wagering, or playthrough, requirement. If the playthrough requirement is 30X, for example, you will need to wager 30 times the amount of the bonus before cashing out. Sometimes your initial deposit is also included in the playthrough requirement. In a case like that if you deposited $150 and received a 100% match bonus of an additional $150, for a total of $300, and the requirement is 30X, you would need to wager $9000 altogether ($300 times 30) in order to cash out your bonus. Finally not all games count toward the wagering requirement. Have a look at the casino’s terms and conditions before you get started.