Casino Welcome Bonus

What are Welcome Bonuses and How Do You Get Them – Casinofy

Welcome bonuses go by many different names, including online casino signup bonuses, sign up bonus offers, and registration bonuses. Online casinos are highly competitive, and one of the ways they can differentiate their brand from others is a welcome casino bonus. These enticements are designed to get new players to register, deposit, and play at an online casino. It’s a win-win for the casino and players alike. Welcome bonuses take on different forms, including no deposit bonuses, and deposit bonuses. A no deposit bonus is offered to players with no money down, and wagering requirements that need to be met. A deposit bonus requires players to make a minimum bet to qualify for the bonus, along with wagering requirements that need to be met.

Casinofy works around-the-clock to help players understand all aspects of welcome bonus offers. These attractive promotions are expertly crafted by marketing departments, with elaborate wagering requirements that need to be satisfied before players can cash out any of their winnings. As experts in the online casino industry, we understand the inner mechanics of wagering requirements, game contribution percentages, player eligibility for specific welcome casino bonus offers, and the validity dates of welcome bonuses. It is imperative that each element is carefully understood to ensure compliance with the wagering requirements, which allows players to cash out any winnings generated off the welcome bonus offers.

Picking the Bonus Best for You

The welcome bonus package provided by your preferred online casino is likely one of the main reasons why you decided to register. Once you have verified your account information, the process of searching for the best welcome bonus begins in earnest. Casinofy is right here, beside you to assist with all aspects of welcome bonus offers. We will happily walk you through the process of registering at an online casino, selecting your preferred bonus package, and ensuring that you meet the eligibility requirements necessary to claim any winnings off your bonus.

The quest for the best welcome bonus is an ongoing one; that’s why it’s essential to partner with an industry-leading watchdog and educational authority, with a player-centric focus. That’s where Casinofy comes into the picture. It is equally important to select a bonus that can be used with your preferred selection of online casino games. A welcome bonus tailored to slots players offers little benefit to blackjack players, and vice versa. The goal is to ensure congruence between the online casino welcome bonus and the player’s preferences.

The first step towards getting your bonus, is applying for your bonus. Certain criteria must be met, such as ‘first-time player’, ‘player from a regulated jurisdiction’, ‘age verification requirements’, ‘ID verification’, and so forth. Once players have satisfied these requirements, it’s a simple matter of following the necessary steps to claim your bonus and start playing online casino games.  Finding the best welcome bonus is relatively easy; simply consult Casinofy’s list of approved online casinos and select a welcome bonus offer that best meets your needs. Naturally, we categorize online casino bonuses according to a comprehensive set of criteria, including:

• Geographic restrictions
• Game contribution percentages
• Deposit or no deposit welcome bonus offers
• Different types of welcome casino bonus offers

Of all the casino welcome bonuses that we have reviewed over the years, the most generous options are the match deposit bonuses. These include offers like 100% bonus up to $500, or multi-deposit welcome bonuses on your first, second, and third deposits. Sticky bonuses and phantom bonuses also come into the reckoning from time to time. A sticky bonus is for betting on casino games.

Once you’ve met the playthrough requirements, the winnings are yours to keep, but the bonus remains in your account until it has been used up. Non-sticky bonuses allow you to withdraw the entire bonus and your winnings once you’ve met the playthrough requirements. Phantom bonuses by contrast are just for betting. Once you make a withdrawal, the Phantom bonus disappears, hence its name. Any winnings you generate from the Phantom bonus (subject to T&C) are yours to keep.

These are some of the benchmarks that we use to assess the viability, suitability, and utility value of welcome casino bonus offers for players.

Wagering Requirements of Online Welcome Bonus Offers

Perhaps the best way to explain the concept of wagering requirements is by way of an example. Let’s assume that you are offered a 100% welcome bonus up to $200 with a 25x wagering requirement associated with it. If you deposit $100, the casino will match that $100 with another $100 on the house. If you deposit $200, The casino will match that $200 with another $200 on the house. This means you get to play with double your money all the way up to $200.

Of course, we know that casinos don’t give away free money without any strings attached. The wagering requirements detail precisely how you must work towards ‘clearing the bonus’. This is an important concept with welcome bonuses, and it’s worth reiterating. When you have cleared your bonus, it means that you are eligible to cash out any winnings you have accumulated from that bonus.

In this particular example, you would have to bet a total of 25x the bonus ($100 received) before you can cash at any winnings from that bonus. The total that needs to be wagered is $2500. If you have received your bonus and used up the entire bonus, with no winnings resulting, you will not wanrt to pay $2500 in total on casino games. However, if you win a sizeable jackpot with the bonus, it pays you to wager the required amount in order to cash out your winnings. This cost-benefit analysis is an important component of the wagering requirements that players should take into consideration with welcome casino bonuses.

Casinofy has identified an unfavorable wagering requirement that is subtle, yet important. If you read the wagering terms and conditions and you see the following, 25x the deposit + bonus, you will have to wager substantially more money in order to clear your bonus. In the above example, you would have to wager 25x $100 (your bet) + 25x $100 (the bonus) in order to clear the bonus. This effectively doubles the amount of money that you have to gamble just to be able to cash out the winnings you received from your bonus. In this case, it is $5000.