A Sign-Up Bonus, also referred to as First Deposit Bonus, Welcome Bonus, Match Up Bonus or First Deposit Bonus is what most online casinos and poker rooms offer to to new customers as an additional incentive to open an account at their site and make a deposit.
There are two main things to look notice about Sign-Up Bonuses. The first is the percentage of your deposit that they online casino is offering to match, e.g. 100% , 50% , etc. On a 100% match up bonus offer, the casino will literally offer to double your money, you deposit $100 and they will give you another $100.
A 50% match up offer will give you an extra half of your initial deposit, a $100 deposit will give you $50 from the casino. Other casinos and bingo rooms like Heart Bingo offer to triple your money with a 200% welcome bonus.
The second thing to notice is the amount limit to which they will match your deposit, e.g. Up to $200 Free. This means that if you make a $500 deposit, the casino will give you a maximum of $200 Free.
Online casinos like Jackpotjoy casino offer 250% free sign up bonus with capped at £250.
The following are all examples of Sign-Up Bonuses:
are usually advertised: 100% Sign-Up Bonus for up to £200 Free.
In the above example, if you make a deposit for £200, the casino will credit your account with another £200 free to play with.
In most online casinos (if not all of them), you can´t just take you First Deposit Bonus and withdraw it from your account right-away. Sign-Up Bonuses will most certainly be tied up to a wagering requirement that will vary from casino to casino and depending on the games you play. This is because your Sign-Up Bonus is actually released into your account as you play.
How your First Deposit Bonus is released into your account will depend on the casino and games you choose to play. For example, for every $1 that you stake at playing slot you will have £0.50 – £1.00 free cash credited into your account.
It’s important to note that once this amount is released into your account, this becomes ‘withdraw-able’ cash.