When you look into casino offers, you will often hear about both new and existing player awards. The differences between the two are fairly self-explanatory. A new player bonus is only extended to new players who are creating their accounts for the first time. And an existing player one is given to people who are already members at a specific casino.
The Welcome Bonus
Commonly, new player promos are referred to as a welcome bonus. This is a gift that is intended to welcome you to the casino and it is meant to let you try out the games with extra credits or free spins. Sometimes, you might need to input a code when you first register your account, or other times, you will simply be awarded the prize as soon as you register.
A welcome bonus is a great way to experience everything a casino has to offer, all without needing to deposit any of your own cash, or very little if it's a match deposit offer. In some cases, these offers might be no deposit offers (i.e. free spins and bonus cash), meaning you don't need to deposit any of your own funds to participate. On the other hand, they might also be offers that require you to fulfill certain conditions if you want to fully make use of them.
Existing Player Promotions
All offers can't be welcome offers. If that was the case, players would simply jump from one casino to the next, taking advantage of the best promos that were offered to them.
To make sure this doesn't happen, casinos will offer players who already hold an account something to keep them engaged. In some cases, they might be offered a promotion that is very similar, if not identical, to the welcome one. Sometimes, you might get a reload bonus, which will often include bonus cash up to a certain percentage (i.e. 50%-200%) in addition to free spins on occasion when you make another deposit.
Check the Requirements
Whenever you take advantage of these kinds of offers, it's vital that you check out the wagering requirements and other terms before you start playing. These terms and conditions can be a crucial part of receiving your winnings.
If you win using promotion funds, you generally won't be entitled to your winnings. To get access to them, you will need to fulfill certain requirements. A wagering requirement is how much you need to wager of your own funds before your money will be available for withdrawal.
Some websites are better than others about making their terms and conditions visible. If a player doesn't read the terms, it might mean more profit for the casino, so many casinos will try to hide the text from view. It might take you a few clicks to locate the terms, but it is well worth it if you want to be sure of securing your winnings.