Deposit Bonuses at Online Casinos
One of the most common online casino bonuses available to players today is the deposit bonus, which is also often referred to as the matching deposit bonus. There is usually a deposit bonus up for grabs when you make your first ever deposit in the casino and then you can also take advantage of plenty of other similar deposit bonuses as a registered member throughout the year. The standard 100% matching deposit bonus means that the casino will match your deposit pound-for-pound, or dollar-for-dollar.
Let’s just say that an online casino welcome bonus is currently offering each new player a 100% match worth up to $/€/£500 (or equivalent currency value). This means that players can deposit up to $/€/£500 and the casino will match that deposit so that you will instantly be doubling up. If you deposited $/€/£600, you would still only receive a bonus worth up to $/€/£500, so never deposit more than the bonus is worth.
You can also find 25% matching deposit bonuses, 50% matching deposit bonuses, 150% matching deposit bonuses and 200% matching deposit bonuses and the amount that you can claim will vary a great deal from one online casino to the next. Most casino bonuses don’t change very often, but occasionally they do, so the best thing to do would be to take advantage of these bonuses while they are available. The other thing that you must be aware of is that you could not simply withdraw the bonus cash as soon as it arrives in your account. You will have to complete what are known as wagering requirements.
If there were no wagering requirements in place, players could simply withdraw the cash and spend it elsewhere and this would put a lot of casinos out of business in no time at all. You generally have to wager anywhere from 20x times the bonus amount up to usually no more than 60x times the bonus amount and the lower this value it, the better it is for you as a player. Most online casino bonuses have an average 30x to 40x times wagering requirement attached to them.
If you deposited just $/€/$50 with a 100% matching deposit bonus, you will receive a $/€/£50 bonus on top of your deposit, giving you a total of $/€/£100 to play with. This bonus might come with a 20x times wagering requirement and therefore you would have to wager a total of $/€/£1,000 before you can withdraw any of your winnings.
Wagering on games like the Slots, Keno & Scratchies will usually contribute 100% towards completing your wagering requirements compared to most Table Games, Card Games & Video Pokers, which may only contribute anywhere from just 1.00% to 20% towards completing them. It is also possible to forfeit your bonus cash at any time though and if you do this you will leave you with your initial deposit and NO bonus cash to play with, but you also won’t have any wagering requirements to worry about.