Signup Bonuses are a form of perk online casinos offer to new and existing members. While most casinos online try to offer a variety of uniqueness in bonuses one most common form is in the signup bonus. If you’re not taking advantage of these, you’re really missing out while playing in an online casino.
Some online casinos offer low signup bonuses while others offer large ones. It depends on the game payout structure and the competitiveness of the casino. Low signup bonuses usually have the most favorable terms and conditions. These are the bonuses that will allow most games to be played with the bonus money including blackjack and roulette. These bonuses also have lower wagering requirements and you will probably be able to cash out the bonus money after you are finished with the requirements.
Some online casinos made a rule where signup bonuses were not cashable once you won and went for a payout. These are usually the larger valued or larger percentage bonuses. In this case, the bonus is used as a way to continue betting on lower payout games like slots without having to make another deposit. The bonus will also allow you to play the larger progressive slots that you might not normally be able to afford.
Loyalty bonuses are another form of a signup bonus that is given to members who play actively in their casino. Sometimes loyalty codes or bonuses are actually better than the original signup bonus because they can value you as a player more and offer you a great deal! The best signup or loyalty bonuses can earn you thousands of dollars or more once your rollover is complete and you are able to withdraw your funds. Another form of a casino signup bonus is the free bonus or free spin bonus. Basically, this offers you as a player an opportunity to play their casino before depositing your hard-earned funds into the casino. Usually, these have strict restrictions however and the max cash out on free money is limited. These are highly popular online and although I’m not a big fan of free casino chips as I prefer to be able to cash out all winnings from depositing signup bonuses.