What is a Signup Bonus ?
Most online casinos provide various types of signup bonuses to attract new players, these bonuses can be different and have different terms and conditions, but they generally fall into three main categories:
- Casino Bonus
- Sports Bonus
- Freespins Bonus
Some casinos will offer their new players a casino bonus that they can play in casino games, such as Slots or Live casino, once the wagering requirements set by the casino are met, the casino bonus balance will automatically be converted to real money, and the same principle applies to sports bonus.
As the name suggests, free spins are complimentary rounds granted for a specific casino game, but without any real money bet value, but in a case of winning, the money will be credited to the real money wallet of the user.
How to claim a signup bonus ?
To claim a signup bonus, follow these steps:
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Check for Available Signup Bonuses
Upon registration, check if the casino has any signup bonuses available, this information can typically be found on the Tournaments page of any casino website, or accessing the registration page and checking if there is any input that asks to chose a signup bonus, or, you can simply check our Bonuses page where you find the best online casinos that offer a signup bonus.
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Confirm Your Bonus Selection
Once signed up, you can check if you have your signup bonus selected in either your profile page, or settings page. Once confirmed, review the bonus terms and conditions to determine if any verification is required before making your first deposit. If verification is necessary, complete the process before proceeding.
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Make Your First Deposit
Some casinos require a minimum deposit to activate the bonus. You can find these conditions in the terms and conditions section of the casino’s website. Once your deposit is confirmed, the funds will appear in your real-money wallet, and if applicable, the bonus amount will be credited to your bonus wallet.
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Wagering Requirements
You can now play with the bonus money. Usually, there will be a wagering requirement for the bonus to be confirmed from Bonus money to real money. Each casino will offer a certain wagering requirement. Wagering requirement is simply a multiplier of the given bonus amount that you need to wager in order to convert your bonus money to real money, for example:
If you signup for a bonus that gives 100% on your first deposit, and you deposit 100 USD, you will get :
- 100 USD in your main wallet ( real money )
- 100 USD in your bonus wallet ( 100% of your deposit )
We will assume that the casinos asks for a 30x wagering requirement. You will have to reach a sum of total bets of 30 x 100 = 3000 USD
So you need to wager in total 3000 USD to convert the amount in your bonus wallet to your main wallet and be able to withdraw it.
What about Free Spins ?
Some online casinos offer free spins with no wagering requirements. After registering and making your first deposit, you will typically receive a notification confirming the allocation of your free spins, including the game in which they can be used. Simply launch the specified game and play the awarded free spins. Any winnings will be credited to your real-money wallet immediately.