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All You Need to Know About Sign-Up Bonuses

All You Need to Know About Sign-Up Bonuses

Online casino sign up bonus offers put you in pole position with your new account, throwing in some delicious extras to the mix. No two sign-up bonuses are the same, though. They come in different sizes and amounts, and differ in how pleasant they are. 

Keep reading for all things players need to know about bonuses and choosing the right casinos according to their bonus offers. ? Bookmark this page for when you open your next account!

What are sign-up bonuses?

Sign-up bonuses are incentives casinos offer players for opening a new account. You will see them splashed across the casino's homepage and on the promotions page.

This bonus rewards both players and casinos, providing the player with their largest reward and providing the casino with the opportunity to promote its games with little risk. But don't think the bonuses are free money from the casino! Players should be aware of the limits on how these bonuses may be used before accepting them.

6 special sign-up bonus types

What's on the menu today? A no deposit bonus, free spins, or something else? Get to know the common sign-up bonuses below.

1. No deposit bonus

The most popular option, no deposit bonus compensates players for signing up—no deposit required Not surprisingly, they are not that common, and they vary in worth depending on the size of the casino.

2. Deposit match bonus

A deposit match sign-up bonus is just as it sounds—the casino matches the value of the players' initial deposit in the form of a bonus.

There are other limitations, in that it only covers a specific amount and the initial deposit. The same wagering requirements also transfer when withdrawing winnings from the bonus. Overall, this is the most common welcome bonus and wagering requirements are less than with no deposit bonuses.

3. Currency bonus

A currency bonus is a reward that is granted by the casinos when players deposit their account in a specific currency. For example, an Ethereum casino might offer lower fees or match deposits made in Ethereum, up to a certain limit.

4. Free spins

Free spin bonuses are offered to players to use on slot games, so they're not much use to table game or live casino enjoyers.

However, online slot games are usually the most popular among the players across the board, so you’ll see them quite often.

Free spins are essentially free money in a sense—players are awarded a number of spins, each with an agreed-on value. Free spin winnings can be played through or withdrawn. Sometimes free spins are accompanied by a deposit bonus. This is casino- and game-specific.

5. Cashback

Losses are one of the worst (but unavoidable) parts of the online casino experience. But then there's a bonus that removes the sting. Meet the cashback bonus!

6. Hybrid bonuses

Ultimately, most casinos provide hybrid bonuses, which are a combination of all the above bonuses. It's a means of rewarding new players to sign up and to give them a range of opportunities for trying out the casino and various games.

Mistakes to avoid with sign-up bonuses

There are tactical ways to maximize sign-up bonuses, and there are ways to waste these promos.

The most frequent mistakes we witness players making are:

  • Ignoring the terms and conditions — These detail the wagering requirements and caps that a casino imposes, before availing the bonus.
  • Missing the bigger picture — Some bonuses are misleading. Some players focus only on numbers and, therefore, miss the entire picture of what the bonus truly is.
  • Poor bankroll management — Players abuse their bankrolls by playing with bonus money and then involuntarily switch to playing with their own money.

Although casinos need to clearly show the money played, players should be careful as well.

Sign-up bonuses – the outlook

So, that's the rundown on sign-up bonuses! They reward new players for registering with a casino, and there are numerous forms with different wagering requirements depending on the casino.

Don't leap in blind, though. Players must realize the specifics of these bonuses so that they don't waste time and distress down the line. While they offer a risk-free way to try out a casino, they're not money for nothing and shouldn't be considered as such.