New Player Casino Joining Bonuses
As you are probably aware, there are almost infinite bonuses out there for new players. Unfortunately, the same can't be said of our time and money, making it important to choose the right welcome offer for you.
There are three main types of promo offered to new customers: deposit match, free cash and free spins. Here we will outline each of these and detail the main differences, so you can choose the one which best suits you.
Why do Casinos Offer New Player Bonuses?
Before talking about welcome promos, many people wonder why casinos provide these in the first place. Whilst seeming illogical to some, these promos give operators an efficient way of getting players to try their products.
Once they have signed up, and tried the product, it is down to the quality of experience to persuade players to return. Good operators should therefore be confident of making their money back, through the development of a loyal customer base.
Deposit Match Promos
The most common welcome promo is the deposit match. These promos require users to first make a deposit into their accounts, with bonus funds awarded after.
There are two key points to note, when it comes to deposit match promos. First is the amount the deposit will be boosted by. You can usually expect this to be between 100% and 200%. This means a deposit of $50 will result in bonus funds of $50, with a 100% deposit match, or $100 with a 200% deposit match.
The second point is the maximum bonus amount. You may see offers such as 200% matched deposit up to $1,000, or 100% matched deposit up to $2,000. How much you are able to deposit initially will determine which of these offers is more attractive.
Regardless of the above, matched deposit offers provide new customers with the biggest boost to their bankroll. Due to this, matched deposit promos provide the most flexibility when trying a casino for the first time.
It is worth pointing out that it is common practice for real money funds to be used first, before promo funds can be used. This essentially locks promo funds until the initial deposit is used.
Free Cash Promos
The main benefit of free cash promos is the lack of upfront commitment. Unlike with deposit match promos there is no need for players to provide banking details to an operator when claiming a free cash offer.
With this reduced commitment, however, comes a reduced boost to your wallet. Typically free cash offers will be around $25-50. Although this means promo funds will run out more quickly, having none of your real cash tied up allows you to quickly switch to another operator. This practice is known as promo hunting and is well accepted in the industry.
Similar to free cash, free spins are awarded without the need to make a deposit. Players can expect to receive up to 100 free spins upon registration. Each spin will usually have a value of $0.10-0.50.
Although great for slots fans, the obvious drawback is that these can't be used for any other games. This offer is particularly attractive when made available to try slots which are exclusive to a particular operator.