A First Deposit Bonus is an amount offered by the casino to compliment your first deposit. If you’re serious about playing casino games online then you should consider getting one of these bonuses before playing for real money.
How much money you will get as free bonus depends on the casino but you can usually expect to receive 1, 2 or 3 three times your deposit absolutely free.
This First Time Deposit Bonus is one of the most effective ways to boost your bankroll instantly. Much like any other kind of casino bonus there are pros and cons about a Welcome Bonus.
The Advantages of a Sign-Up Bonus
The major advantage to using a First Deposit Bonus is that you are effectively playing with the casino’s money as a way of safeguarding your own.
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 means that even if you lose 20% of the hands (which is very unlikely) you will still emerge with a £80 profit and your deposit intact!
How to Free Your First Deposit Bonus
One major disadvantage of Welcome Bonuses is that this free money can only be spent on casino games and most likely you will not be able to withdraw the bonus itself.
Another issue with these Welcome Bonuses is that you will first need to wager the free bonus amount a specific number of times before you can expect to cash out your winnings.
It’s important to note that in some cases the Sign-Up Bonus can only be spent on some particular games. For example, there are many casinos that will offer a certain amount of free cash for playing Blackjack but a higher amount for playing slots.
Likewise, not all casino games will have the same rate of contribution towards fulfilling the free bonus pgslot wagering requirement. The clearest example of this slots vs blackjack.
While slot games typically have a contribution rate of 100%, blackjack may only contribute a small percentage, sometimes about 5% of your wagered amount. This means that a £100 staked on slots will count in full towards the wagering requirement while a £100 wagered playing blackjack will only contribute £5 towards unlocking your bonus.
The rate of contribution and the games that count towards unlocking your bonus are described in the Terms and Condition of the site. These T&Cs will tell you how many times you must play the bonus through and which games count towards fulfilling this requirement before being able to cash out.
The play-through amount is typically between 7 to 40 times your bonus amount. This means that if you deposit £40 you will get another £40 free, which gives you a total of £80 to play with. In this case, you´d need to play £80×40 before being able to free this bonus and cash it out.
To judge whether getting the First Deposit Bonus is a good idea, consider the type of games that you like to play, their rate of contribution and how many times you must play the bonus through. If you think that the Terms and Conditions applicable to you are worth the money, then go for it.
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.