Online Gambling Welcome bonus: Everything to know

Online Gambling Welcome bonus: Everything to know

Welcome bonus: Everything you need to know

online gambling

Online gambling is one of the fastest growing industries. The development of technology in mobile devices, reliable internet connections, and secure online payment platforms have made web-based casinos more popular than their counterparts. As the industry evolves, the choices faced by new players can be overwhelming. With most online gambling sites (if not all) offering welcome bonuses, the nature of this bonus can be a great way to determine the best casino on the market.

What is a welcome bonus?

Online casinos always offer bonuses to attract new users. In the beginning, this was to attract users who were familiar with the traditional casino experience. As online gambling becomes mainstream, bonuses are a strategy to attract and keep players in an increasingly competitive environment. A welcome bonus is an offer that applies to new users. Growth can only be achieved with an increase in the number of users, which is why most casinos have some form of welcome bonus. Welcome bonuses can be broadly grouped into two categories: deposit bonuses and non-deposit bonuses.

Deposit bonus

Deposit bonus is a kind of welcome bonus that new users can access when they deposit funds into their casino account. This is the most popular type of welcome bonus because online casinos want to incentivize new players to keep funds. In most cases, deposit bonuses are used as a percentage of the deposit amount. Therefore, if a casino offers a 50% deposit bonus and one deposit of $100, they will get an additional bonus amount of $50 that will be credited to their account. Determining the best deposit bonus requires an analysis of the bonus conditions. The main features include:

  • Percentages offered This is the most noticeable welcome bonus feature. With all other fixed factors, players should look for casinos that offer higher percentage bonuses for their deposits. A 100% deposit bonus offers a higher bonus amount than a 50% bonus.
  • All deposit bonuses have a top limit. For example, a casino may offer a 100% deposit bonus up to a limit of $200. This means that if a player saves more than $200, their bonus funds will be capped at $200. High rollers tend to choose higher ceilings in terms of deposit bonus limits.
  • Each bonus has wagering conditions, this sets the conditions regarding how many times a person needs to risk the bonus amount before they can withdraw any winnings. Lower wagering requirements are preferred because winnings can be accessed in a shorter period of time.
  • With no deposit bonuses, new players can access them without putting funds into their accounts. They are usually offered as free spins or free cash. With free spins, new users can enjoy real money slot games without betting. Free cash allows users to bet/bet. Like deposit bonuses, the best non-deposit bonus can be determined based on the size and terms of the bet.

Choosing the best welcome bonus

The best bonuses for players depend on their online gambling conditions and style. If they want to try online gambling before withdrawing funds, they should look for a no deposit bonus. More casual players may be less interested in deposit bonus limits because they do not plan to deposit high figures.

CHECK OUT: GUIDE TO KICK START ONLINE CASINO

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