You have probably all seen details of welcome bonuses available to new players at online casinos. What’s the catch?
The object of a welcome bonus is to attract new players to sign up. Some online casinos offer hundreds of dollars in welcome bonuses in various formats.
The most popular offer is matched bonus to a limit. If you deposit, for example $300 the casino will add $300 to you account when you sign up. Effectively you are being given $300 extra, for free, to play in the casino.
Other casino bonuses will be staged so you might get a matched deposit or a top up for several of your first deposits. This is all free money.
A further enticement sometimes is to offer free spins on slot machines. These bonus offers can be limited to certain slot machines where the payout rate is not so good, it may be 2 or 3% less than the norm of around 97%. For the average player, that does no make too much difference but to a regular gambler it all adds up.