Types of Welcome Bonus
Online gamblers are a diverse bunch, and casinos are well aware of this fact — they offer a broad range of bonus types, so there’s something for everyone. Whether you’re a slots fanatic looking for a fat bundle of free spins, or an eagle-eyed player searching for the lowest wagering requirements, you’re bound to find the perfect welcome bonus for you. Let’s take a look at the different types of welcome offers found across the online casino landscape.
Matched deposits are one of the most commonly seen welcome bonuses. It’s simple — just make a deposit and the casino will match it by a certain percentage. Say for example that you sign up at a casino with a welcome offer of a 100% deposit match up to £200. When you make at least the minimum deposit required — likely £10 or £20 — you’ll receive the same amount in bonus funds, doubling your bankroll.
The number of deposit matches you can benefit from depends on the bonus. Although most casinos will only match your first deposit, others offer multiple matches, sometimes over four or five separate deposits.
Nearly all match bonuses come with wagering requirements, which means you’ll need to play through your bonus a certain number of times before you can withdraw the resulting winnings. Some casinos will cap the amount of money you can win from a bonus with a winnings limit — we’ll cover these all-important T&Cs later on.
Free spins are another bonus you’ll frequently come across. They give you a chance to win real money on your favourite slots at no cost to yourself. Casinos often combine free spins with a deposit match that can be used on table games, giving you the best of both worlds.
Free spins are generally only eligible for one or two slots. Some popular titles that are often included are Book of Dead from Play’n GO or Gonzo’s Quest by NetEnt. Sometimes, bonus spins are given out when a new game is released to encourage players to give it a try. In any case, they’re a great way to familiarise yourself with the game and any special features before staking your own cash.
No deposit bonuses are exactly what they sound like — they’re bonuses that you can claim without making a deposit. These welcome bonuses are highly sought after as you can explore the casino and suss out the games on offer without committing your own cash, and they’re usually granted once you sign up for a new account.
A no deposit bonus will most often come in the form of free spins, but you could also receive bonus credit or even cashback on losses. It’s worth keeping in mind that because you’re not having to stump up any money to claim the offer, no deposit bonuses are usually smaller in size, or have their value diminished by strict terms and conditions like high wagering requirements and low win limits.
No wagering bonuses are the favourite of many online casino enthusiasts. If you’re not sure what a no wagering bonus is, it’s important to first understand what wagering requirements are. Found in the terms and conditions of any offer, wagering requirements prevent you from withdrawing your bonus until you’ve played through a set amount of your own cash, based on the value of the bonus.
With a no wagering bonus, you won’t have to do that — any winnings are yours and can be withdrawn as cash immediately. The bonuses are often smaller as a result, but they’re significantly more valuable to players as a real money return is much more likely. Casinos will usually explicitly state if a bonus doesn’t have any wagering requirements attached to it, as they know these types of offers are highly appealing to players.
No Deposit, No Wagering
The double whammy of a no deposit, no wagering bonus is a true unicorn in the world of casino promotions. Not only will you get the bonus without making a deposit, but any winnings are yours to keep — it’s like you’re getting paid just for signing up. Most commonly, these bonuses come as a handful of free spins to use on a selected slot and are usually only found at new casino sites.
As you can imagine, the online casinos stand to lose a lot of money on these offers, so they’re usually subject to low win limits of around £5–£10. That said, there’s no reason not to claim this type of welcome offer: get lucky on the reels and it’s money for nothing.