Like any business, an online casino has competition and it must attract customers to its doors. The way it does this is through sign up bonuses, offering users an incentive to sign up and start playing at the casino. After the player starts playing, the casino hopes he/she will enjoy the customer service and range of features so much that they will keep coming back.
A sign up bonus is given to players when they first open an account at the casino. Usually, casino bonuses apply to not just the initial deposit, but can be taken over multiple deposits, or whenever a customer makes a deposit. These deposits are referred to as sticky deposits. The bonus money can’t be withdrawn as cash but is used as a way to increase the gambler’s bankroll. Players should remember that although their bankroll is increased, they still have to win with the extra money before they can profit from it.
Sign up bonuses are extremely attractive to players at online casinos. Although players still have to make a deposit, in effect they are able to increase their bet size without having to use their own money. Of course players still have to win before being able to claim the bonus money as their own, and wagering requirements apply.
Players need to check the conditions associated with any sign up bonus. There’s no such thing as a free lunch, and in this case, players need to gamble a certain amount before being able to withdraw winnings associated with the bonus money.
As an example, suppose you deposit $100, and the casino matches your deposit to 100%, giving you a $200 bankroll. The casino may set a wagering requirement of 10x your deposit plus bankroll, meaning you would need to wager a minimum of $2,000 before withdrawing your winnings.
Some casinos may impose a requirement of up to 50 times the deposit plus bonus. It’s common sense to think that the better bonus offered, the higher the wagering requirement will be.
Sign up bonuses differ considerably among casinos and are changing regularly. We do provide an updated database of casinos and their bonus offerings and it would make good sense to check on this frequently.