Using Casino Welcome Bonuses to Your Bankroll
Welcome bonuses are special rewards given to new players when they initially sign up with a casino. As such, these bonuses have various shapes and depend wholly on what the casino offers. There are however, some common tips that can be used in order to maximize your casino welcome bonus and therefore your casino winnings. Read on to find out more.
There are essentially two types of casino welcome bonus: in-house and third-party. In-house bonuses are those that are given directly to the players. They cannot be used by other players. Examples of in-house casino bonuses include the loyalty points that are earned through using specific software and through referring other players to the casino. The second kind of bonus is that which is given to a particular user, an IP address that has been provided to the casino through registration. These bonuses do not come directly from the casino but rather from third-party companies that make money from directing players towards the casino.
The first thing to do is to identify whether you will get an in-house or third-party casino welcome bonus. Both come with their own set of advantages and disadvantages. For example, with in-house bonuses, the casino ensures that new players have a good experience at their first time at the site. This is done by matching deposits that the player makes with free money that is given to them once they make a deposit. The third party companies therefore make money by getting a commission from the casinos for directing new players to their websites.
The advantages of getting an in-house casino welcome bonus include: first, it guarantees you some deposits that are put in the casino coffers as soon as new players sign up. Also, the company gets to collect some commission from your customers who bring more new clients. Finally, the casino gets to rake in some additional income because of the deposit bonus funds. But the disadvantages of this kind of bonus are: first, the casino does not benefit financially from these funds because it does not receive any deposits from referrals.
Thirdly, there is a downside with regards to the deposit bonus amount. Usually, bonuses of this kind are small amounts, such as five dollars or so. This means that the monetary benefits can only be realized if you have a lot of players at your site, meaning a lot of deposits into your pocket. In addition, there is also a likelihood of you receiving unwanted spam from your account. This is because the three parties involved in the casino welcome bonus transaction – the casino, third-party company, and the people who place the referrals – have to make the decision to share their monetary benefits with the person who referred new players to the casino.
There are many other types of welcome bonuses offered by online casinos. Some of these may include: sign-up bonuses, whereby a player has to enter his name and e-mail in order to get the bonus; loyalty bonuses, whereby your earnings depend on how many players you have in your room; and free spins, whereby a player plays spins for as long as he wants in the casino. The great thing about these is that they do not require you to make deposits, but rather encourage you to play more. As a result, you will be able to earn more money than what you would with the standard casinos. Most of the time, these welcome bonuses also come with restrictions and limitations, such as the number of spins you can play per day or the maximum number of free spins you can have every hour.
As you can see, a casino welcome bonus can either be a boon or a bane. On one hand, casinos do not necessarily need to offer these bonuses, since it would take them a lot of effort and resources to have enough players at their site. On the other hand, these bonuses do provide an advantage to players. After all, without these bonuses, players would have to pay the whole amount of the bonuses themselves, which could take days or months. In addition, most of the time, these bonuses do require you to make a deposit, though some casinos still allow players to play for free.
Before accepting a bonus, a player should ask whether it requires an additional deposit in order to withdraw the winnings. If it does, then the player should go ahead with this, since he will then have his winnings deposited into his playing account. However, if the casino offers a withdrawal option, he should go for it immediately to avoid spending winnings on a credit card. There are also times when a casino does not allow players to withdraw their winnings, especially if he has just won a huge jackpot. To check on this, a player can always check the withdrawal options of the casino that he is planning to play at. In most cases, he will be able to choose the best one.