Online Casinos Sign Up Bonus Glossary
Online Casinos: Online casinos are virtual gambling platforms where players can place bets and play various casino games, such as slots, poker, blackjack, and roulette, through their desktop or mobile devices. These platforms provide a convenient and accessible way for players to enjoy casino games from the comfort of their own homes.
Sign Up Bonus: A sign up bonus is a type of promotion offered by online casinos to attract new players to their platform. It is also known as a welcome bonus or a new player bonus. Sign up bonuses usually come in the form of free money, free spins, or a combination of both, and are offered when a player creates an account and makes their first deposit.
Types of Sign Up Bonuses: There are various types of sign up bonuses that online casinos offer, each with its own unique features. Some of the most common types are:
- Deposit Bonus: A deposit bonus is the most prevalent type of sign up bonus offered by online casinos. It is a percentage match of the player’s first deposit, for example, a 100% deposit bonus up to 0. This means that if a player deposits 0, they will receive an additional 0 as bonus funds, giving them a total of 0 to play with.
- No Deposit Bonus: As the name suggests, a no deposit bonus is an offer that does not require the player to make any deposit. It is usually a small amount of free money or free spins given to players upon signing up for an account. This allows players to try out the casino and its games without risking their own money.
- Free Spins Bonus: A free spins bonus is a type of sign up bonus that offers players a set number of free spins on a specific slot game or a selection of games. These free spins can be used to win real money and are subject to wagering requirements.
Wagering Requirements: Wagering requirements, also known as playthrough requirements, are conditions that a player must fulfill in order to withdraw their sign up bonus or any winnings from it. These requirements specify the number of times the bonus amount or the bonus plus deposit amount must be wagered before a withdrawal can be made. For example, if a player receives a 0 bonus with a 20x wagering requirement, they must wager ,000 (0 x 20) before they can withdraw any winnings.
Maximum Cashout: Some online casinos also impose a limit, known as a maximum cashout, on the amount a player can withdraw from their sign up bonus. This means that even if a player meets the wagering requirements, they can only withdraw up to a certain amount of their bonus winnings. It is important for players to carefully read the terms and conditions of the bonus to know the maximum cashout amount.
Claiming a Sign Up Bonus: In order to claim a sign up bonus, players must first create an account on the online casino and make a qualifying deposit. The bonus can be claimed through a unique bonus code or by selecting the bonus from a list of available promotions. It is essential to remember to opt-in for the sign up bonus, as some online casinos may automatically exclude players from receiving the bonus.
Bonus Codes: Bonus codes, also known as promo codes or coupon codes, are a string of letters and/or numbers that players can enter while making a deposit to claim a specific bonus. These codes can be found on the casino’s website or through promotional emails or advertisements. Bonus codes often have an expiration date, so players must ensure they use the code within the specified time frame.
Time Limit: Online casinos may impose a time limit for players to use their sign up bonus and fulfill the wagering requirements. This time limit is usually anywhere from a few days to a few weeks, and if the bonus is not used or the requirements are not met within the given time, the bonus and any associated winnings will be forfeited.
Restricted Games: Some sign up bonuses may only be eligible for specific casino games, and others may be restricted altogether. This means that players cannot use their bonus funds or free spins on certain games, or they may contribute differently towards the wagering requirement. For instance, table games such as blackjack and roulette may contribute only 10% towards the wagering requirement, while slots contribute 100%.
Conclusion: Sign up bonuses are a great incentive for players to try out new online casinos and their games. However, it is essential for players to carefully read and understand the terms and conditions of the bonus before claiming it to avoid any disappointments later on. With the right knowledge, players can make the most of their sign up bonus and potentially win big at their favorite online casino.