ONLINE CASINO DEPOSIT BONUSES
DEPOSIT BONUSES AT ONLINE CASINOS
All casinos offer deposit bonuses with the most common deposit bonus being the first deposit bonus, which is also known as the welcome bonus. A deposit bonus is calculated based on the amount you deposit at an online casino with a percentage offered on top of your real money deposit. So by making a deposit and accepting a deposit bonus, you will be rewarded this percentage – anything from 25% up to 400% in some cases – on top of your real money deposit in bonus money up to a maximum amount. You will always need to make a deposit to receive a deposit bonus
How to get your deposit bonus
Deposit bonuses are split into two types of deposit bonuses:
Welcome bonus, also known as a first deposit bonus and come in various shapes and sizes. And second, third and reload deposit bonuses generally targeted at players who have already made their first deposit at their chosen online casino.
To receive your deposit bonus, you will obviously need to make a deposit. Be careful here as some casinos need you to actually select that you want a deposit bonus. Some have a check box or even show various deposit bonuses available at once for you to choose when you make your deposit. If you want your deposit bonus ensure to select the option, otherwise you may be left without a deposit bonus!
Once you make your deposit, the casino will automatically add your bonus by the percentage it offers and will automatically add the bonus money to your gaming account.
Online deposit bonus options
The options that you will get across all online casinos are generally as follows.
Welcome bonus / First-deposit bonus
This is the most popular deposit bonus in the online casino world and some examples vary from 100% deposit bonuses, also called “match bonus” up to 400%. Welcome bonuses can also be linked to either free spin bonuses and / or a second and third deposit bonus, also referred to as reload bonuses.
An example first deposit bonus is 100% up to €/£300, which means that the casino will match your first deposit up to a maximum of €/£300. E.g. Deposit 10 Euros and receive 10 Euros in bonus, giving you 20 Euros to play with. Or deposit €/£300 and receive €/£300.
TIP: Always check what the minimum deposit value required is to qualify for the welcome bonus / first deposit bonus. Some casinos have a minimum of €/£10, however some others have a minimum deposit value of €/£30.
Another TIP: Also check what payment methods the online allows you to use to receive the welcome bonus. We’re seeing a lot of online casinos block Skrill and Neteller from the welcome bonus so if this is the case ensure you use another online casino payment method.
Online deposit bonus wagering requirements, terms & conditions
On to the boring yet very important part of your deposit bonus – wagering requirements and those never ending terms and conditions. Each online casino has its own wagering requirements and terms and conditions so it is very important for you to read through the bonus terms and conditions before accepting the deposit bonus. When you receive your deposit bonus, it will most likely be added to your wallet and be added to your bonus funds along with your first deposit. This means that if you opted to receive a 100% deposit bonus up to €/£100 and deposited €100, your €200 will be “locked” into your bonus wallet until you have met the wagering requirements. Below you’ll find a list of terms and conditions that a lot of online casinos are using:
- The wagering requirement on welcome bonuses are either on both your deposit and bonus money received or on the bonus money always. Most casinos will tell you that their welcome bonus has 35 times wagering or 40 times wagering on their welcome bonus. Other online casinos will say that their welcome bonus is 25 times your deposit and bonus, which might sound lower and more attractive, however remember that this adds up to 50 times your total amount. Always opt for bonuses that have lower wagering.
- The maximum bet whilst using bonus money is also used by some online casinos so search through their terms and conditions to find out whether this is limited to €/£5 or to a percentage of the total amount or bonus money received e.g. some casinos give you a maximum bet per spin when playing with bonus money of 25% of your deposited funds. If you had to go over this then the casino will most likely forfeit your bonus and confiscate your winnings.
- The maximum payout whilst playing with bonus money also pops up in a few online casinos with some limiting the maximum you can win to between €/£5000 and €/£10000. There are a lot of online casinos out there that don’t limit the maximum win when playing with bonus money.
- Wagering limits on some games is standard across most to all online casinos nowadays so look at the terms and conditions to find out which games don’t contribute to wagering your bonus and which games e.g. table games contribute a certain percentage, like 10% to 25% of your game play to your bonus wagered.
The above terms may seem very restrictive, however online casinos do this to protect themselves from bonus abuse and fraud. However they don’t restrict their players from wagering their bonus and cashing out their winnings.
Remember that when you take a deposit bonus you will need to fulfil the wagering requirement of the bonus before your winnings are turned to real money and you can withdraw. Once your “cash out” and you’re playing with real money none of these restrictions apply and you can bet as high or as much as you like before withdrawing.
TIP: Always look for bonuses which have the highest percentage, highest maximum amount and lowest wagering requirements. And always read the online casino’s terms and conditions.
Check out Online Casino Hunt’s best casino bonuses now and good luck!