If you want to play casino games for real cash you should take advantage of the Welcome Bonus offered by online casinos.
A Sign-Up Bonus is an amount which is offered by online casinos to all new cash players to compliment their first deposit.
In most cases, this free bonus is given as a percentage of your first deposit (e.g. 200%) and depending on the casino, you can expect to get anywhere from 50% to 200% more free cash to play online.
By claiming a Welcome Bonus you will immediately have up to four times more money to play games and improve your odds of winning at the casino.
Just like any other type of casino bonus a First Time Deposit Bonus has its own advantages and disadvantages.
The Benefits of Welcome Bonuses
The first advantage of claiming a First Time Deposit Bonus is that you can play casino games on real-play mode without having to risk your own money.
For example, imagine that you deposit 100 and then receive another 100 as a bonus. You can play with a stop-loss system of 100, which means that you will not come out of the game as a loser. You are in effect playing with safe money.
This is particularly interesting if you consider that you can afford to lose 20% of your bets and still come out with a 80 profit plus your own 100 intact. It only takes a few of these moves before you generate a nice profit.
How to Unlock Your Free First Deposit Bonus
One major disadvantage of First Time Deposit Bonuses is that this free cash can only be spent on casino games and most likely you will not be able to withdraw the bonus itself.
Another issue with these First Time Deposit Bonuses is that you will first need to wager the free bonus amount X amount of times playing games before you can expect to cash out your winnings.
Bear in mind that in some cases the amount of free cash you receive as part of your First Deposit Bonus can only be spent on certain casino games. For example, some popular online casinos offer a 50% First Deposit Bonus for Blackjack players, 75% free for roulette players and 100% to play slots – slots players normally enjoy the highest offers.
Similarly, the kind of casino game that you play will have a different rate of contribution towards freeing your bonus. For example, slot games typically have a contribution rate of 100%, which means that for every 10 wagered on slots, you will be 10 closer to unlocking your bonus and any winnings generated from playing with this bonus. Other games such as roulette or blackjack have much lower contribution rates, specially blackjack where the house has the lowest edge over the players.
The rate of contribution and the games that count towards unlocking your bonus are described in the Terms and Condition of the site or the bonus it self. These T&Cs will tell you how many times you must play the bonus through before being able to cash out and which games count towards fulfilling this requirement.
The play-through amount is typically between 7 and 40 times your bonus amount, which means that if you deposit 40 you will get another 40 free, giving you a total of 80 to play with that you must play 40 times before being able to free this bonus and cash it out.
A First Deposit Bonus can be more attractive to some players than others. This will greatly depend on the kind of games that you like to play, the wagering requirement for the bonus and the rate of contribution of the games you want to play.
Blackjack players will definitely have to play the bonus amount more times than a roulette player. And slots players will fulfill the wagering requirement much faster than roulette players, assuming they both place the same level of bets.
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