Once you’ve created a new player account and you’re ready to play for real money then always consider claiming a First Deposit Bonus
A Sign-Up Bonus is a type of casino promotion which offers all new customers a free amount of money when they make their first deposit.
This free bonus is usually offered as a percentage of the first deposit amount and can give you two or three times more money to play games.
By claiming a Welcome Bonus you will immediately have up to four times more money to play games and improve your odds of winning at the casino.
Just like any other type of casino bonus a Sign-Up Bonus has its own advantages and disadvantages.
The Benefits of First Deposit Bonuses
The main plus of Sign-Up Bonuses is that you’re actually using the casino’s money to play games without having to use your own funds.
For example, imagine that you deposit 100 and then receive another 100 as a bonus. You can play with a stop-loss system of 100, which means that you will not come out of the game as a loser. You are in effect playing with safe money.
This means that even if you lose 20% of the hands (which is very unlikely) you will still emerge with a 80 profit and your deposit intact! You only need visit a few before you have generated a very sizable profit.
How to Free Your Welcome Bonus
One common restriction on First Time Deposit Bonuses is that the cash granted to you can only be used to play some of the casino games available and there are restrictions on processing withdraws.
Another issue with these Sign-Up Bonuses is that you will first need to wager the free bonus amount X amount of times playing games before you can expect to cash out your winnings.
Bear in mind that in some cases the amount of free cash you receive as part of your First Deposit Bonus can only be spent on certain casino games. For example, some popular online casinos offer a 50% First Deposit Bonus for Blackjack players, 75% free for roulette players and 100% to play slots – slots players usually enjoy the highest offers.
In the same way, the wagering requirements for “unlocking” your bonus will be different depending on the casino games that you play. You will notice that slots normally have a 100% contribution towards your bonus. This means that every pound you wager on slots counts in full towards fulfilling your wagering requirement. Other games such as Roulette typically have a lower contribution rate like 50% for example. That means that for every pound wager on roulette you’re only wagering 50p towards freeing your bonus.
The rate of contribution and the games that count towards unlocking your bonus are described in the Terms and Condition of the site or the bonus it self. These T&Cs will tell you how many times you must play the bonus through before being able to cash out and which games count towards fulfilling this requirement.
The play-through amount is typically between 7 and 40 times your bonus amount, which means that if you deposit 40 you will get another 40 free, giving you a total of 80 to play with that you must play 40 times before being able to free this bonus and cash it out.
A First Deposit Bonus can be more attractive to some players than others. This will greatly depend on the kind of games that you like to play, the wagering requirement for the bonus and the rate of contribution of the games you want to play.
For example, a blackjack player and a slot player who both deposit the same amount of money and place more or less the same size of bets will not fulfill the wagering requirement at the same time. Slots players will have it so much easier to unlock the bonus because of it’s high percentage of contribution, whereas the blackjack player will need to wager much more money to free the same amount of bonus.
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