These days the vast majority of online casinos have sign-up bonuses. This is what sets one casino apart from the next, it is what defines the best casinos and it is what those casinos use to attract your custom. A sign-up bonus basically gives you free cash to play with, and the hope from the casino’s perspective is that you will like what you see and then stick around even when that money has dried up.
But how do these bonuses work, how can you get the most out of them and which casinos have the best ones?
What is a Sign-Up Bonus?
This bonus basically gives you free cash as soon as you sign-up to a casino. There are usually very few requirements, the main one of which is that you are a new member and do not already have an account. This is important, because if they detect that you do have another account, then they can put a stopper on your bonus and any future withdrawals.
The size of these bonuses differ greatly, and most of them come in the form of “matched deposit” bonuses. This means that the casino will match your deposit to a certain amount. For instance, if the matched deposit bonus is 100%, then your deposit will be doubled (to a maximum amount). All of this money is usually bundled together, but before you can withdraw it, you need to play through it several times. This is true with all online casinos and all bonuses and essentially stops you from signing-up, making a deposit, doubling your money and then cashing in without playing a single game.
As mentioned above, all sign-up bonuses come with a play-through rate, which is the amount that you need to risk before you can make a withdrawal. “Risk” is the important word here, and it means that $1 gambled on a slot machine with short odds, or a roulette table with long odds, is still just $1 to the play-through rate. Therefore, if you’re looking to get through this rate without losing much money then your best bet is to choose a slot machine with a high RTP or a table game with a low house edge.
A play-through rate is often displayed as a percentage amount, but can also be listed as a dollar amount, and while this information is not readily available, you can find it in the bonus Terms and Conditions.
The Best Sign-up Bonuses
So, now you know what these bonuses are and how to unlock them, how do you go about finding the best ones? Well, the biggest bonuses tend to be available on the biggest casinos, preferably those owned by the biggest gambling brands. They have higher marketing budgets and can afford to give away more money.
You should always make sure that you check the details of the bonus, reading the terms and conditions and any other information available. Not only will this tell you the play-through rate, but it will also tell you how to get the most out of the bonus and whether or not there are any extras, such as free spins or loyalty schemes.
Loyalty schemes are actually very rare, but one of the best loyalty schemes out there is attached to an online casino that also has a fantastic sign-up bonus. That casino is Spin Palace, which is part of the BetWay brand, also known as one of the biggest gambling brands in the world.
Spin Palace Sign-up Bonus
The Spin Palace bonus pays you as much as $1,000 over the course of your first few deposits. The amounts differ, and to get the most out of this bonus you should be looking to deposit big during your first and last deposits, with smaller amounts in between. If you do this right then you could earn an extra few hundred dollars without depositing a cent more.
Spin Palace also offers some free spins. The amount on offer also differs, but you can pick these up as soon as you sign-up and collect your welcome bonus. These spins can only be used on slots, but because Spin Palace uses the Microgaming software, there is no shortage of these.
When it comes to bonuses though, the thing that truly sets Spin Palace apart from the rest is the Spin Palace Loyalty Club. It’s very rare to find a loyalty scheme these days, as it’s something that the industry just doesn’t seem to be crying out for. For whatever reason, players would rather scoop a lump-sum of free cash as soon as they sign up, than get a steady stream of bonuses, freebies and more throughout their time as a player. Loyalty schemes are one of the few reasons you have to remain loyal to a casino, which is perhaps why Spin Palace is one of the few online casinos that doesn’t have much of an issue with player loyalty.