Home Casino News Casino Blog Deposit Bonuses Explained

Deposit Bonuses Explained

Deposit bonuses Guide

Deposit Bonuses Explained

Deposit bonuses really are as good as they sound as they will allow you to double and sometimes triple or quadruple the initial deposit that you will make in an online casino. So if for example, you deposit £100 you could find yourself with a starting bankroll of £200.

As you might have noticed the majority of online casinos will offer bonuses when you start playing with them. The reason why they do that is in the hope that you will enjoy your playing and that you will become a loyal customer to their brand.

Type of Deposit bonuses

In this guide, we will go through 4 different types of deposit bonuses. The most common bonuses are: welcome bonuses, match bonuses, high roller bonuses and reload bonuses. Before immersing yourself in the world of online casinos and gambling, it is a good idea to understand what those bonuses are and how you can get the most out of them. This bonus guide is designed precisely with this purpose so that you can get all the relevant information to get you started.

Welcome Bonus (Also called Sign Up Bonus)

Let’s start with the most popular online casino bonus: the welcome bonus also called sign up bonus. This is usually the more valuable type of bonuses, and almost every online casinos have one. It will be challenging for you to find an online casino that is not offering a kind of welcome bonus.

A welcome bonus is a free credit that is generally defined as a percentage amount. The percentage will be related to your initial successful deposit at that online casino. In most situations, this will be added to your casino account automatically. Some online casinos will require you to enter a promo code or get in touch with the customer service so that the bonus can be credited. In situations like this, it is crucial that you will not place any bets before getting in touch with support. If you do make wagers, you are likely to miss out on the welcome bonus.

The welcome bonus percentage that you will get will change depending on the online casino you have picked. Usually, the percentage is between 50 and 200%, but some online casinos go the extra mile and offer a lot more (some go as high as 400%). Let’s say for example you sign up to an online casino that has a 200% percentage welcome bonus: if you deposit £100, you will have a total of £300 (£100 + 2x£100 free) credits in your account.

The most frequent scenario is a welcome bonus of 100% up to 100 credits of your first deposit. If you find an online casino that has a very high welcome bonus (let’s say 400%) you should be careful: as you might think, it could be too good to be true. This is because the casino might have linked some somewhat tricky terms and conditions to it: it is imperative that you always check if your welcome bonus is cashable or not and what are the wagering requirements. If you don’t care about those terms, you might be facing some very disappointing times later on down the line.

In the majority of the situations, a welcome bonus will be in the range of 50% to 200%, and it will be cashable. What cashable means is that when you are going to make a withdraw you can cashout also the bonus amount. Fair wagering requirements will be in the range of 10 to 35 times: for example, you are making a first deposit of £100, and you get a 100% welcome bonus with wagering requirements of 25 of the total amount. This means that you will need to bet at least 25*£200 = 5,000 to meet the criteria.

The wagering requirements will change from casino to casino, so it is essential that you are comfortable with those before starting to use the bonus. This is because if you do accept the bonus and have placed a single wager, you will not have the opportunity to refuse the bonus and even start a withdrawal of funds (even yours) until all the wagering requirements are completed. As you can see this is a crucial moment for a new player but ultimately the more money you have in the account, the more wagers you can make and therefore your chances of winning will be bigger.

If you prefer, you can also decide not to take advantage of the welcome bonuses: in this case, you will have your own funds to play with but there won’t be any wagering requirements, and you will be free to withdraw at any time. You should take this decision, and that should match your own style of gambling.

If you get a welcome offer in the range between 200 and 400% this usually means that you won’t be able to cash out the bonus. The wagering requirements will generally be between 10 to 20 times the total amount of the deposit plus the welcome bonus. Lots of players prefer this situation as, even if the bonus won’t be cashable, the funds available to play the game will be a lot and therefore the chances of getting higher profits.

So it is critical that you select the welcome bonus carefully and that you understand well all the linked terms before committing to anything. This is because, as we have said before, once you have committed and accepted the bonus there won’t be a coming back. Avoid risking your own money and take full advantage of the welcome bonus offer by reading all the terms and conditions associated with the bonus offer.

Match bonuses Guide

Match bonuses are, similarly to the other bonuses we are looking in this article, usually percentage based bonuses that are usually designed to reward existing players and get them to continue to wager. The most common match bonus is the first deposit bonus also called a welcome bonus. In this case, you will be offered a 100% match bonus when you make your first deposit into a newly created casino account. With this deposit the casino will match your deposit up to a certain amount in free credits. You can then use the money in your account to play the favourites slots games or virtual games and try to win as much as you can. Similarly to other deposits, the bonus will be subjected to terms and conditions so it is important to check them before.

Sometimes online casinos also offer match bonuses to their players as part of a weekly, monthly or special promotion. It is crucial to take advantage of those match bonuses as they will help to increase your chances of winning.

Reload Bonuses Guide

Welcome bonuses are great but once you have used them, there are others promotions you can expect from top online casinos. The majority of casinos will give you reload bonuses. Some operators tend to give them to their most loyal players while others they give to all players on a regular basis. The reload bonus is also based on a percentage (range of 20% to 50%) of the deposit you will make. Terms and conditions will be almost the same as the welcome bonus and the purpose of those promotions is to encourage existing players to continue to deposit and play at that casino. Those promotions are excellent value, and it is worth taking advantage but make sure you are confident with the terms and conditions. Similarly to other deposit bonuses, there might be a minimum deposit required to trigger the free credits.

After all, if you are going to make further deposits into your casino account, why not get rewarded for it with a reload bonus. In the long run, if you get many reload bonuses, the value will be significant and overall this is a golden opportunity to increase your chances of winning against casino overtime.

High roller bonuses Guide

The last but surely not the least bonus we will look today is the high roller bonuses. Are defined high rollers those players that are betting with high stakes. Most online casinos want to have those players, and for this reason, they try to encourage them to play with them by offering high roller bonuses. Those bonuses are usually a percentage of the total deposit amount, and often they have better terms and conditions compared with others offers (i.e. lower wagering requirements).

It is quite common for a player that is about to deposit a serious amount of money into an online casino to negotiate the terms and condition of the bonus. If you are thinking to make a deposit in the region of £2,000 or £3,000, this is undoubtedly something you should consider. It is usually suggested to negotiate with 2 or 3 online casinos at the same time so that you can be sure you are getting the best possible value and also the best possible terms for your deposit.

Don’t forget that the customer is always right especially if you thinking to make a large deposit. High rollers get special treatment from online casino brands that want to retain those customers.

For all the casino bonuses we have seen it is essential that you check what are the games that will contribute to your wagering requirements: there are some that can contribute more than other games. It is important to check first as if you have high requirements to meet it does make little sense to play on games that will only count let’s say 10%.

Another essential thing to check is the time limit of your bonus: you usually will get a month to meet your wagering requirements, but again this is something that differs from casino to casino. Now that you know all the most important things about deposit bonuses check our casino bonus list and pick the ones that are more in line with your gambling style.