If you intend to join the exciting world of online casinos, you may have come across the term ‘sign up bonuses.’ Most online casinos present sign up bonuses as part of the promotions at the site, and it is usually presented on the welcome page of many online casino websites. The reason for its inclusion on the welcome page is usually to entice players to sign up at the site. However, it might not always translate to easy funds as presented, hence the reason you need to understand all about sign up bonuses, the different types of sign up bonuses and how to use them to make your gaming profitable.
What are sign up Bonuses?
Sign up bonuses are usually the first bonuses a player gets upon signing up at a new online casino. The sign up bonus is awarded to a player upon the successful registration of a new account at the specific online casino. Many casinos like Royal Panda Casino presents you with sign up bonuses to help you explore the site without risking your funds. You are hence able to try out the games at the site without making a deposit or using an initial deposit.
Types of sign up Bonuses
Sign up bonuses come in different forms and amounts. They may include free spins or free bonus funds, with a major difference been on how to use them. For instance, there are free spins that can only be used on specific slots while there are sticky bonuses where you can only use the funds to play games at the site, and you cannot withdraw the bonuses. Below are some of the common sign up bonuses in New Zealand online casinos.
Play only sign up Bonuses
Some online casinos reward you with sign up bonuses that you can only use to play casino games with at their sites. This means that you cannot withdraw the bonus funds awarded, but you can use the funds to stake real money games at the site. The logic behind this is to entice you to play at the site without your having to risk your money. This ultimately leads you to become a loyal player at the casino, and you may eventually make a deposit in order to continue the exciting real money gaming. The catch sometimes is also to make you wager the winnings a certain number of times before you can withdraw the winnings from this bonus.
Withdrawable Sign up Bonuses
In this sign up bonus, you can withdraw the bonus funds after making an initial deposit to unlock the bonus funds. It is rare, and the logic behind it is that you commit to playing real money games at the site through making your deposit and wagering the bonus a set number of times. For instance, the requirement would be to wager the bonus and deposit amount up to 50 times to clear the bonus and convert it to a Withdrawable balance amount.
Free Funds Sign up Bonuses
Some online casinos in Canada reward you with free funds immediately you create your account. In this case, your account is credited with the sign- up bonus funds amounts, which you have to wager a certain amount before it can be cleared, and you can withdraw it.
These are bonuses that are granted when you make a deposit into the casino. The reload bonus is usually a percentage of the deposit amount that you make into the casino. It is also based on the net deposits you make over a certain period of time; hence, you can get weekly reloads or monthly reload bonuses. If you want to know more about roulette, you can read it here http://www.thegamblersedge.com/blog/2019/05/18/play-roulette-online/.
Factors to Consider when using sign up Bonuses
You should consider the following when opting in and using your sign up bonus
- The promotion period: Most sign up bonuses have an expiry period stipulated in the bonus terms, and you need to claim it and utilize it before the period expires.
- Wagering requirements: This refers to the requirements to convert the bonus funds to the cash balance.
- Promotion Games: Most sign up bonuses can only be used to play specific games, which are part of the welcome bonus promotion.