What is welcome bonus?
First deposit bonus – typically a “welcome” bonus – is one in which the casino will match a percentage of your first deposit. For example, if the bonus is a 100% welcome bonus up $1,000, the casino will match every dollar you deposit, up to a total of $1,000.
Top welcome bonus 2021
Signup bonuses come in different kinds. Sure, a matching offer to your deposited money is the most common casino method, but sometimes this offer can come along with free spins or even free cash. In addition, a signup bonus can be divided into 2-5 installments, a signup package as it is called.
These variations have helped some casinos to create a first deposit bonus that stands out from the competition, still, the matching bonus remains the ‘king’. In this article, we will explain what each signup offer implies by its percentage, and declare the best signup bonus of online casinos. Let’s break down the types of matching bonuses you are going to meet.
Low casino signup bonuses
To explain which bonuses are defined as low, we should first set the average percentage of the industry, which is considered to be a 100% matching offer. The majority of casino brands believe that it is the most attractive promotion. However, not all operators agree on this. Some allocate lower sign up percentage bonuses like 50% or 75%, thus giving you half of your deposit or three-quarters of it back. Yet, a small percentage doesn’t always mean a minor bonus. For example, our exclusive Slottica Casino first deposit bonus grants you 20% up to €1,000, which is equivalent to 100% up to €200. It’s just a matter of advertising strategy depending on which number the operator wants to emphasize: the percentage or the bonus amount.
Standard casino signup bonuses
As mentioned earlier, the 100% casino signup bonus is the most regular offer you will encounter at the online gambling sites. Rightfully, it is considered the industry’s standard. What the casino does by giving away this bonus is doubling your first deposit. For example, Spinaru Casino grants you 100% up to €400.
If you place the minimum deposit of €10 that this operator accepts, you will receive an extra €10. To get the maximum bonus of €400, your first deposit should be of the same amount. Mind that there is a reason that casinos state the maximum amount they can award you. For example, in Spinaru’s case, if you deposit €500, you are still going to receive not more than €400 in bonus funds.
High casino signup bonuses
Anything between the standard 100% and 500% is considered a high signup bonus. The most typical high percentage bonuses are 150%, 200% and 300%. There are bonuses of 400% as well, but you will rarely find one. These are the bonuses that all players are after because they load them with hundreds of free cash. Even so, you should keep in mind that the amount of the bonus plus the attached wagering requirements affect the real value of these types of promos. You could claim, for instance, a 300% up to €200 matching bonus, meaning €600 in bonus funds, but if they arrive with 60x playing through requirements that should be completed in 7 days, then you understand that it’s challenging to wager it.
Huge casino signup bonuses
We are talking about offers that climb up to 500% matching bonuses or higher. These might be treated as the best online casino signup bonuses, but they are like the ‘holy grail’ of the industry, suggesting that the possibility to discover one is scarce. So, what is the catch of such a large percentage? Usually, they are accompanied by low bonus amounts. For example, if a casino advertises a 500% up to €100, this is basically a 100% up to €250 bonus. The casino that offers this promotion mainly wants you to get blown away by the number ‘500’.
Another tactic that we have seen is summing up the percentages of a signup package. For instance, a casino offers a package split into three installments: e.g. The first is a 100% up to €200, the second is a 150% up to €100, and the third a 50% up to €300. The casino advertises this bonus as a 300% up to €600, which you can easily realize that is a marketing trick. Let alone the wagering requirements and other terms that may affect each installment of the bonus. So, we suggest you avoid casinos with ridiculously huge percentage bonuses, but if you opt for them, always carefully read the terms and conditions.