Bonuses

Sign-up bonuses help you kick off your new account with some juicy extras.

However, no two sign-up bonuses are the same. They come in different sizes and values, and some are more generous than others.

This article covers everything players need to know about bonuses and how to choose the best casinos based on their bonus offers. 🔖 Bookmark this page for when you make your next account!

What are sign-up bonuses?

Sign-up bonuses are rewards casinos give players for creating a new account.

You’ll see these plastered over the casino’s homepage and on the promotions page.

This bonus benefits both players and casinos, offering the player their biggest reward and allowing the casino to showcase its games with minimal risk.

However, don’t assume the bonuses are free money offered by the gambling establishment! Players should be aware of the limits on how these bonuses can be used before claiming them.

6 special types of sign-up bonuses

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

Perhaps the most popular option, no deposit bonus gives players a reward just for signing up—no deposit required

Unsurprisingly, these aren’t that common, and they can vary in value depending on the size of the casino.

Also, these bonuses can’t be withdrawn immediately. Players usually need to wager an amount equal to the bonus before they can cash out, while some casinos let players withdraw only their winnings, not the bonus itself.

So, getting cash winnings from them can actually be rather tricky.

2. Deposit match bonus

A deposit match sign-up bonus is what it sounds like—the casino matches the initial deposit the players have made in the form of a bonus.

👉 There are additional limits, as this applies only to a certain amount and the first deposit. The same wagering requirements also apply to withdrawing winnings from the bonus.

Overall, this is the most common welcome bonus and wagering requirements tend to be lower than no deposit offers.

3. Currency bonus

A currency bonus is a reward casinos offer when players deposit in a specific currency.

For example, an Ethereum casino might offer lower fees or match deposits made in Ethereum, up to a certain limit.

Wagering requirements for currency bonuses are similar to other bonuses, allowing players to use the deposit within the casino but not withdraw it immediately.

Pro Tip: The inverse of these bonuses can also occur. Always check bonus T&Cs in case your payment method isn’t accepted.

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 like free money—players receive a set number of spins, each with an assigned value. Winnings from free spins can be used for further play or withdrawn.

Sometimes, free spins are combined with a deposit bonus. It depends on the casino and available games.

5. Cashback

Losses are one of the worst (but inevitable) parts of the online casino experience.

But there’s a type of bonus that takes the sting away. Introducing the cashback bonus!

A cashback bonus gives players a percentage of their losses back, typically with a time limit. For example, players might get 20% of their losses back during the first month of play.

The funds from a cashback bonus can be withdrawn immediately or used with wagering requirements. Easy!

6. Hybrid bonuses

In the end, many casinos offer hybrid bonuses, which are a mixture of all the bonuses we’ve mentioned.

👍 It’s a way to reward new players for signing up and to provide them with a variety of ways to explore the casino and try different games.

Mistakes to avoid with sign-up bonuses

There are strategic ways to make the most of sign-up bonuses, and there are ways to waste these promos.

The biggest mistakes we see players making include:

• Ignoring the terms and conditions — These outline the wagering requirements and limits imposed by the casino, before using the bonus.
• Not seeing the larger picture — Unfortunately, some bonuses are misleading. Some players focus on numbers alone and, therefore, don’t see the full picture of what the bonus truly is.
• Poor bankroll management — Players often mismanage their bankrolls by using bonus funds and then unknowingly switching to their own money. While casinos should clearly mark the funds in use, players should stay mindful as well.

Sign-up bonuses – the outlook

So, that’s the wrap on sign-up bonuses! These reward new players for joining a casino, coming in various forms with different wagering requirements depending on the casino.

But don't dive in without research. Players should understand the complexities of these bonuses to save time and stress in the long-term. While they offer a low-risk way to explore the casino, they’re not free money and shouldn’t be treated as such.

Learn more about bonuses and online casino news now. Jump to the Roger blog here.