Is it a good idea to grab a signup bonus at an online casino?

Some people love it and some people hate it – playing casino online is undoubtedly a controversial topic in India. But whether we like it or not, the federal government doesn’t regulate the legality of online gambling, making it a legal practice in most states as long as the casino site is operated from abroad.

Since we can’t stop people from gambling, we’re here to tell you that if you’re going play casino online, you should always consider grabbing the signup bonus. This is an extra value provided by the casino which will make you more likely to win money. Of course, in the long run, gambling is all about luck and can never guarantee any profits. You should always play responsibly and expect to lose.

However, grabbing a signup bonus does increase your chances of winning and is therefore recommended. Let’s take a deeper dive into this and explain everything you need to know.

What Is a Signup Bonus?

A signup bonus is some kind of reward that players receive when signing up for a casino for the first time. It is used as a marketing tool by gambling sites in order to attract players.

There are several types of signup bonuses, including the following:om/offers/casino

  • Free spins on signup
  • Free money on signup
  • Free spins on the first deposit
  • Extra money on the first deposit

Free spins on signup and free money on signup are two types of signup bonuses that don’t require any deposit. After signing up for the online casino, you would instantly receive a small amount of money or a number of free spins on a slot machine (from which you could win money).

Free spins or extra money on the first deposit works in a similar way. However, this signup bonus requires you to invest some of your own money. You make a monetary deposit to the casino and either receive a number of free spins on a slot machine or extra cash to play with.

The number of spins or extra money you receive is normally tied to your deposited amount. The more you deposit, the more spins or extra money would be credited to you.

Among signup bonuses, those that require a deposit are the most common ones to find. For those that actively look, it is not too hard to find free ones though. To help you out, the latest casino bonuses can be found here

If It Sounds Too Good to Be True It Probably Is

In just a moment, we will tell you why grabbing the signup bonus at online casinos is a good idea at all times. However, before that, you must know that the vast majority of online casinos just don’t give money away for free with no strings attached.

Whether a signup bonus is giving you free spins or extra money with no investment required or rewarding you via a deposit, you can’t just instantly cash out the bonus you receive. There are always rules that must be followed, known as terms and conditions.

These rules can vary widely from one signup bonus to another. Here are some common ones:

  • Before cashing out the received bonus, a certain amount of money must be staked (known as a wagering requirement).
  • The above wagering requirement must be fulfilled within a certain time limit. If it is not, the received signup bonus will be lost.
  • The amount you can cash out from the signup bonus is limited to a certain sum.
  • Only the amount you win from using the signup bonus can be withdrawn (in other words, upon cashout, the received bonus amount would be subtracted from your balance).
  • A deposit must be made in order to cash out the bonus (applies only to some free signup bonuses).

These are just some of the many rules you may come across. The gist of it all is to highlight the importance of always reading through the terms and conditions that signup bonuses come with.

Why Are Signup Bonuses So Valuable?

First of all, signup bonuses are not the only bonuses to be found at online casinos. Most gambling sites regularly run promotional offers. However, in order to attract players to the casino best way possible, signup bonuses are usually designed to be more valuable than other offers. What this means is that they generally come with higher bonus amounts and more favorable rules.

While some signup bonuses are better to use than others, depending on the rules they come with, all of them will increase your chances of winning. You always receive something extra from the casino and even though you can’t instantly cash this out, in the long run, it means that your chances of winning are increased.

How much your win chances are increased depends on the signup bonus and its rules. However, it’s generally in the ballpark of 0.5 – 3 percentage points. Of course, such an increase may seem very low. But when you take into consideration the fact that online casinos only have a house edge of 0.5% – 6%, depending on the game you play, the increase is certainly noticeable.

With a few signup bonuses, it is possible to reduce the house edge to 0% or even turn the percentages around to give the player a slight edge. This is especially true for some of the free signup bonuses. With some of these, you are able to cash out the received amount as soon as the wagering requirement has been met, without ever having to make a deposit. 

Why Do Online Casinos Offer Signup Bonuses?

Even though signup bonuses reduce the online casinos’ house edge or even become a losing affair for them, they are looking at the bigger picture. A signup bonus only lasts for a short period of time, while a player signing up with them may play for years. Even if other bonuses are offered, the average player that stays and plays for a longer time is expected to lose. This means that the casino is expected to win.

In other words, for online casinos, the signup bonus is an investment.

Disclaimer: This communication is for 18+ only. Gambling involves an element of financial risk and may be addictive. Please play responsibly and at your own risk. This post contains material that may or may not be legal in your country. Subject to applicable law.