As recent research has shown, the popularity of online casinos in the UK continues to grow, with around a third of men aged between 25 and 34 having engaged in some form of online gambling in the last twelve months.
What this means for players is that the UK online casino industry is becoming ever more competitive, and so operators are offering bigger and better deals both to attract new players and retain their existing ones. When you look at the casino bonuses with thebookiesoffers.co.uk, for instance, you can see how much more innovative and lucrative they have become.
There are a wide variety of bonuses that you can take advantage of at regulated UK online casinos, and so it pays to look around at the various types of offers available to see what suits you best.
What do you get with an online casino welcome bonus?
Welcome bonuses at UK online casinos come in several different forms, but the aim is always the same, namely to incentivizeyou to choose one site over another.
The most common form of signup bonus gives you a match on your first deposit, usually of 100% e.g., if you deposit £100, the casino matches this, giving you £200 to start playing with. Some sites will offer matches on as many as your first five deposits, meaning you have more of the casino’s money to play with, but the overall match rate in this case will be significantly less than 100%
A number of UK casinos now also throw in bonus spins on selected slots as part of the welcome bonus, and you can expect to get anywhere between 20 and 100 spins included in the deal.
On the face of it, a lot of online casino welcome bonuses look the same, so how do you choose which one offers the best value? It pays to look beyond the headline to find out more about the conditions that come attached to the deal.
You will usually find wagering requirements expressed as a multiple e.g., 40x, 50x, etc., and this figure is how many times you have to wager any bonus you receive before you can cash out that bonus sum or any winnings made from it. For instance, if you get a £100 bonus that comes with a 40x wagering requirement (also called the playthrough), you need to wager a total of £4,000 (£100 x 40) before you can withdraw any of the bonus or bonus winnings.
The wagering requirement can therefore have a significant impact on the overall value of any signup offer. The industry average is 40x, but it can be much higher at some sites. You should also note in the T&Cs whether the playthrough is applied just to the bonus amount, or your deposit + bonus.
Imposing a maximum conversion amount is a relatively new development in online casinos. It refers to the maximum amount of winnings in your bonus account that can be transferred to your real money account and subsequently withdrawn (once you have met the wagering requirement). This will vary depending on the operator and the deal, but it tends to be in the region of £400.
Some UK casinos offer new players a no deposit bonus just for registering for an account. This means that when you sign up, you are awarded a limited number of spins or money to play without the need to make a deposit into your new account. A no deposit bonus will usually be followed by a welcome bonus if you do decide to continue playing and add funds to your account.
You will usually receive between 5 and 20 spins on a designated slot as part of a no deposit bonus, and the time you have to play them will likely be limited to 24 hours. Any winnings will then be transferred to your bonus account and available to continue playing with once you make a first deposit (the amount required won’t be huge, probably between £10 and £20). Winnings will also be capped and subject to the site’s standard wagering requirement before they can be cashed out.
If you are interested in even more entertainment-related articles and information from us here at Bit Rebels, then we have a lot to choose from.
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