The welcome bonus is a major incentive online casinos use to attract new players, often consisting of a big boost to players who sign up and make their first deposit.
Search Online Casino Gems’ list of the best welcome bonuses and sign-up offers! We did the legwork for you and rounded up the welcome bonuses worth claiming. Whether you’re a seasoned player or online gambling newbie, a welcome bonus is a great motivator to try out a new site. Read on to learn about the ins and outs of welcome bonuses.
Everything you need to know about Welcome Bonuses
Welcome Bonuses – OnlineCasinoGems
Welcome bonuses are certain incentives and offers given by casinos to entice new players to not only sign up but also deposit funds with them. They are usually the largest and most lucrative casino bonuses you will see. Sometimes referred to as a sign-up bonus, a welcome bonus is a great way to greet new customers and helps them start their gambling at an online casino on the right foot.
Welcome bonuses are geared towards players who have never claimed any other bonus offer at the casino. More importantly, each welcome bonus comes with a set of specific restrictions detailed in the bonus terms and conditions. It is therefore crucial that you take some time to carefully read through the Terms & Conditions (T&C’s) associated with the offer.
Like most casino offers, there are myriad welcome bonuses available. That’s sweet music to the ears of new players. However, you may want to do a bit of research to identify which bonuses are worth claiming.
In this page, we have created an exhaustive list of lucrative welcome bonuses, bonus codes, and the best online casinos where you can redeem them. We’ve done much of the legwork so you can claim your next welcome bonus in no time!
How Do Welcome Bonuses Work?
A welcome bonus is how online casinos say “Hey there! Welcome – we’re glad to have you on board.” Most often, the offer is a cash bonus calculated at a preset percentage of your very first deposit.
Why are welcome bonuses so desirable? Whether you’re a seasoned player or a newbie starting out in the internet gambling scene, a welcome bonus is an excellent way to get acquainted with a new casino brand.
As you may already know, it can take time and patience to build a significant bankroll. But a good welcome bonus can help give you a faster start on that bankroll. Remember, these bonuses can be enormous, and they can help you increase your initial deposit two- or even threefold!
A standard welcome bonus looks like this: 200% on up to $500 of the initial deposit bonus, with an x20 wagering requirement.
In this example, your initial deposit will be matched by the casino at 200% up to a maximum of $500. That means that if you make a first deposit of $100, you will get $200 as a welcome bonus, bringing your bankroll to $300. However, you will have to wager the $300 a whopping 20 times before you can request a withdrawal of the winnings.
Here’s another example: $50 no deposit welcome bonus, with x50 wagering condition.
This is a unique type of welcome bonus that doesn’t require a deposit. It means you will receive a $50 cash bonus upon registration. However, you must bet the bonus amount ($50) 50 times to be eligible for a withdrawal.
What Types of Welcome Bonuses are there?
A welcome bonus often comes in the form of credits equivalent to a predetermined percentage of your initial deposit. You can expect to find several different types of welcome bonuses offered by online casinos:
(a) Cash Match Deposit Bonus
The cash match deposit bonus is the most common type of welcome bonus. As we noted, it’s a bonus offer given based on the match percentage of your first, successful deposit. As a result, the amount of bonus you receive depends on three things: (i) how much money you deposit, (ii) the match percentage, and (iii) the maximum bonus you can get.
The match percentage usually ranges from 50% to 250%, with 100% being the most common. For instance, a reputable casino may offer a 100% match bonus of up to $200.
(b) Welcome Package
This isn’t one welcome bonus but several of them bundled together. The welcome package may include match bonuses on your first three deposits, no deposit bonus, and free spins. Each component of the package may have separate terms and conditions.
For example, you may receive $50 no deposit bonus, 50% on your first deposit, 100% on the second deposit, 200% match bonus on your third deposit, as well as 100 free spins on specific slots. In many cases, the welcome cash match bonuses will have the same wagering requirement, time limit, and withdrawal limit.
(c) Free Play Welcome Bonus
Alternatively, the casino can offer new players free credits to be used within a given period. These free credits may be subject to both a wagering condition and minimum deposit requirement. They are often credited directly to the player’s new account upon signing up.
(d) Payment Method-Specific Welcome Bonus
This typically come as a bonus on top of the general welcome bonus. This is often provided to players who prefer to use certain payment methods, particularly e-wallet, crypto, and other digital payment methods. They may not be as common, but you can expect to get a Bitcoin welcome bonus, Neteller welcome bonus, Skrill welcome bonus, etc.
(e) Welcome Bonus with Free Spins
Free spins are everywhere in the online casino universe. It’s only natural that some casinos would bundle a welcome bonus with free spins on select slot games. For instance, a casino may welcome new customers with a 200% match deposit bonus up to $300 plus 50 free spins at a slot game like Starburst or Book of the Dead.
(f) Staggered Cash Match Bonus
This is a type of cash welcome bonus that cascades in deposit match bonus percentage as you increase your deposit amount. The higher the amount of money you deposit, the higher your percentage match. For instance, the casino may offer you a 100% match bonus for deposits of up to $100, and 200% for deposits of more than $100 up to a certain amount. Don’t be surprised if a particular casino offers you a staggered cash match welcome bonus that allows for multiple deposits.
How to Cash Out Welcome Bonuses: Cashable vs. Non-Cashable Offers
When choosing the right welcome bonus for your gambling needs, one of the most important factors to consider is whether the casino offer is cashable or not. The difference between the two is straightforward, and it all boils down to the terms and conditions attached to the bonus.
Here’s the gist: a cashable welcome offer is what it sounds like. It’s an offer you can actually withdraw or you can cash out the bonus amount itself. A non-cashable welcome offer means you cannot withdraw the bonus amount, only the winnings generated using the bonus.
In other words, you can cash in your offer if it includes a cashable bonus, but you have to meet a wagering requirement first. On the other hand, you can only cash in the resultant winnings after you have met your wagering requirement on a non-cashable welcome offer.
Let’s say you receive a $200 bonus, and you have won $500 after playing through your wagering requirement. You can withdraw the entire amount of $700 (bonus + winnings) if the offer is cashable. However, if the offer is a non-cashable bonus, you can only withdraw your winnings of $500.
Understanding Terms and Conditions on Welcome Bonuses
(a) Wagering Requirement on the Welcome Bonus
We have listed on this page all online casinos we recommend that offer welcome bonuses. In addition, we’ve indicated the wagering requirements attached to each welcome offer. This tells you how many times you have to play through the bonus amount before you are allowed to withdraw.
Every online gambler knows that a wagering requirement can be a big hurdle to taking advantage of casino bonuses. It’s a necessary evil for online casinos and a big catch for players. Since you cannot circumvent them, look for welcome bonuses that have the least restrictive wagering requirements.
A welcome bonus with an x10 wagering requirement is far easier to play through than one with a rollover requirement of x80.
(b) No Wagering Online Casinos
No wagering bonuses are the Holy Grail of bonuses. These are online casinos that offer welcome bonuses without imposing wagering requirements on them. They may conceal this fact, but it remains true that there are such casinos. The trick is to check out our no wagering bonus and casino sections. As a general rule, you have to do your due diligence and choose a no wagering casino that’s safe and reputable.
(c) Games Eligible for Play using Welcome Bonus
You are probably wondering which games apply to the welcome bonuses. If you have received free spins before, then you know that the bonus is only valid for certain games, usually slot games. Although little known, the same is true for most welcome bonuses.
The restriction happens in one of two ways:
(i) In the first case, the condition restricts the bonus to use on limited kinds of games available at the casino. The types of games that you can play using the welcome bonus are picked by the casino. For instance, the vast majority of casinos offer players a welcome bonus of between $50 and $200, but they can wager the bonus on only online slots, video slots, and video poker.
Also, some casinos may give you a bonus you can use on all games except for table games, lottery games, and live dealer games.
(ii) In the second case, the casino restricts the use of a welcome bonus to specific games, not just types of games. For this type of game restriction, the casino usually indicates all the games that are eligible for play using the bonus in the T&C’s. The list of eligible games can vary from casino to casino. For instance, the casino may offer a bonus of $100, but restrict it to Book of Dead, Starburst, and Berryburst only.
In some cases, the casino can say the bonus is eligible on only IGT games, Microgaming games or NetEnt games. That means you can only use the bonus to play games from the specified software provider.
(d) Exclusive Bonuses
Some welcome bonuses can be exclusive, which implies that they cannot be claimed and therefore used when you are working with other bonuses. For example, you may not receive a welcome bonus if you have not used up your entire no-deposit bonus.
(e) Using Bonus Coupons/Codes
Nearly all welcome bonuses come with a “coupon” or “bonus code.” If you don’t use the code when redeeming the bonus, you can forfeit it.
How to Make the Most of your Welcome Bonus
If possible, opt for no wagering welcome bonuses: These are welcome offers with no wagering requirement. That means you can cashout and withdraw your winnings at any time without any wagering restrictions. A cashable no wagering welcome bonus takes it to a whole new level!
Take advantage of welcome offers that can be spread over multiple deposits: This will help stretch your bankroll further. To do that, claim a welcome bonus that applies to your first, second, third, and subsequent deposits.
Be on the lookout for welcome packages: These are several offers bundled together as a welcome bonus. Free spins, match deposit bonuses, and VIP points/cash backs might be included.
Check to see whether your payment method is eligible: In most online casinos, you will receive a welcome bonus on deposits made with e-wallets, cryptocurrency, bank wire, etc. However, deposits made with some payment methods like credit cards and PayPal may not be eligible.
Welcome Bonus Dos and Don’ts
● Do check the bonus validity period
● Do check eligible and preferred deposit methods
● Do check if a bonus coupon or code is required
● Do your research and shop for the most lucrative welcome bonus available
● Do check applicable withdrawal limits
● Don’t forget to check the wagering conditions
● Don’t hesitate to sign up with no wagering casinos
● Don’t attempt to cash out or withdraw if you have not played through your wagering requirement
● Don’t forget to read carefully through the bonus and general terms and conditions
● Don’t get excited about too big bonus amounts and too many free spins. They usually come with bigger and more complex restrictions.
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