A welcome bonus or registration bonus is quite arguably the most highly sought-after offer used by bookmakers to attract new users. It's a pleasant one which can be accessed under a number of categories, such as sports, casino, live casino, poker, and virtual games. If you are a novice player of online wagering and in need of the best possible offers, finding a initial bonus Bulgaria is the perfect way to find region-tailored offers specially designed for Bulgarian gamers.
While welcome bonuses are in very high demand and many users have already made use of them when signing up with different web-based bookmakers, there are still a few key things to be aware of. Firstly, welcome bonus is only for new customers. Secondly, the welcome bonus is only available for those who use it once and never again. Therefore, it is also known as a "new player bonus" or "sign-up bonus."
Types of Welcome Bonuses
As mentioned before, the welcome bonus is normally offered by all bookmakers and is available in several areas: sports, casino, live casino, and virtual games. Ensure you state what welcome bonus you would like to receive while signing up. For example, if you choose the casino bonus, you will not be eligible to receive the bonus for betting on sports, and vice versa.
Deposit Bonus
The most common form of welcome bonus is the deposit bonus. That is, the bookmaker will give you a predetermined amount of bonus money after you make your first deposit. The bonus is credited to your account as soon as your deposit is confirmed. Deposit bonuses are usually awarded in the form of a percentage.
Welcome Bonus with a Bonus Code
Another way of getting a welcome bonus is through the use of a bonus code. Sometimes, the code is only needed by the bookmaker’s system to distinguish which bonus you’re claiming. In other cases, the code might be unique—especially if provided by a third party offering a non-standard bonus with higher value or better conditions. With a bonus code, your welcome bonus might still be a deposit bonus or, if you’re lucky and find a special code, it could be a no-deposit bonus.
No-Deposit Welcome Bonus
This type of bonus has increasingly become less frequent and is usually part of special offers that last temporarily, for example, for a month. Many bookmakers have removed no-deposit bonuses since the players misuse them by signing up without the intention to deposit, but only to get "free money" and withdraw it without meeting the wagering requirements. No-deposit bonuses also have more stringent conditions and tighter time limits than deposit bonuses.
Free Spins Welcome Bonus
Free spins are most often awarded as an independent bonus at most online casinos, but they are also included in the welcome bonus. Free spins may have deposit conditions, for example, you must deposit a specified amount to receive a specified number of spins. Sometimes they are offered without deposit, to register.
Free spins can also be included alongside a deposit bonus. For instance, a welcome package may consist of a 100% deposit bonus + 50 free spins. You’ll encounter different combinations of welcome offers depending on the bookmaker. Usually, each bookmaker offers one welcome bonus per section (sports, casino, etc.).
Promotional Package Welcome Bonus
When you initially set eyes on a promotional welcome package, you will feel like you have won the lottery. But is it really that good? Let's have a better look.
A promo bundle usually consists of a series of deposit bonuses of different amounts, maybe with additional free spins. The most common bundles are 2, 3, or 4 deposit bonuses in a row. Isn't it nice? When you register, you receive bonuses on your first 2–4 deposits. That is better than one welcome bonus.
But do bear in mind that such packages generally impose tighter wagering requirements. Occasionally, it will be preferable to have a simpler bonus with less demanding conditions. Nevertheless, if you welcome the idea of a larger welcome package, why not? It is your choice.
What Does a Percentage Bonus Mean?
As mentioned before, the deposit bonus typically comes as a percentage. This indicates the ratio of bonus you will receive to the amount deposited. If the bonus is 200% and you deposited 100 BGN, the bookmaker will give you another 200 BGN, and you'll have 300 BGN in total to bet or play with. Some of the common bonus percentages are 100%, 50%, or 25%.
How to Receive a Welcome Bonus
You can receive a welcome bonus immediately after registering with your favorite bookmaker. First, ensure that you input the accurate and complete personal information. Incomplete or inaccurate data may result in missing out on your bonus as well as future withdrawal of your funds.
Secondly, select the region (sportsbook, casino, etc.) where you would like the bonus to be deposited. Note that the welcome bonus is provided once only.
Are There Any Conditions for a Bonus?
Every online bookmaker has its own bonus conditions of use. The first thing every new customer needs to do is read the terms and conditions carefully. Most online bookmakers offer a welcome bonus on sign-up and first deposit.
In order to utilize it, you need to be familiar with all the conditions that are applicable, including:
- Whether there is a promo code that applies
- The percentage of the bonus
- The bonus amount cap
- The activation period
- The time limit for using the bonus
- Which games or bets to apply the bonus to
As outlined, every welcome bonus comes with terms. Failure to comply with even one of them can render you ineligible to receive the bonus or, in extreme cases, even account suspension and winnings confiscation. Always read and adhere to the terms.
Is There a Welcome Bonus Limit?
When you receive a welcome bonus from a bookmaker, it always means the maximum bonus. For example, a 100% up to 200 BGN bonus means that your deposit will be doubled by a bonus from the bookmaker, but not more than 200 BGN. So, even if you deposit 300 BGN, you will receive only 200 BGN in bonuses.
All bookmakers impose a cap on bonus payouts, including welcome bonuses. Some casinos offer bonuses up to €100, while others go up to €1,000 or more. Generally, online casinos are known for offering the most generous bonuses.
You should also pay attention to the minimum deposit required to qualify for the welcome bonus.