Deposit Bonuses

It's important to understand casinos bonuses before you get into playing with one. I will tell you all about deposit bonuses, their pros and cons and what casinos offer the best ones, so you can have the best and most enjoyable experience.

What Are Deposit Bonuses?

As the name itself says, deposit bonuses are the type of reward you receive when you decide to put some of your real money into the casino you are playing with. In other words, they can be unlocked only when you deposit the required sum. Deposit bonuses work in a number of ways. The most common deposit bonuses I run across run in two different ways:

  • The bonus funds are transferred to a separate account from your real Personally, I think this is the better option, as you can track your bonus money more easily, and if you get carried away with the playing, you won't spend all of your real money in one sitting.
  • The bonus funds are added to your money balance. This option makes tracking a little bit more difficult, though it does not affect your game in any other way, as it doesn’t affect the wagering or any of the conditions.

How do they Work?

All deposit bonuses work in a fairly similar way, regardless of the casino or game type you are playing. It's quite straightforward, for example, I deposit $100 to my gambling account, and the casino matches my deposit with a bonus offer of the same amount, so I have the starting budget of $200 to play with. This principle is basically the same with all online casinos, the only difference is that they decide on the match percentage height on an individual basis. Some casinos offer up to a 200% match to your first deposit, while others offer only up to 50%. Of course, you are not obliged to deposit the sum they are listing as the maximum, but doing so will give you the biggest value for your initial bonus.

There are a few deposit bonus types, so make sure that you read the fine print when depositing your money. The two most popular types you will find are:

  • ‘100% bonus match type’ – This is the one you should be looking for if you wish to deposit a larger amount of money. This phrase essentially means that the casino will match with 100% up to any amount of money you deposit.
  • ‘bonus match up to $500 type’ – A fixed bonus amount like I’ve used in this example is still a good deal, but not as good as the first one. Using this example, it means that you will get a fixed 100% match for up to a $500 deposit. If you deposit, let's say, $600 or $700, you will still receive that maximum capped $500 bonus reward. That’s why if you plan on making a bigger deposit, I would recommend you look for a casino that offers the first option.

Good and Bad Sides of Deposit Bonuses

Deposit bonuses can have various appearances, can be divided into multiple enticing deposit mini bonuses or encompass one entire welcome bonus. Either way, here are some of the most important pros and cons about online casino deposit bonuses:

Pros:

The main advantage is the extra added cash to your balance with which you can play and increase your chances of winning.

Cons:

The bonus you receive isn't actually yours for free. You have to earn it by playing and winning. There are always wagering requirements that you need to meet before you can cash out. For example, if I’m still o the winning streak but I haven't met my wagering requirement, I cant withdraw any of my bonus winnings until I meet it.

It's important to understand these pros and cons before you go and play with a casino of your choice. The bonus is easy to get but hard to obtain; and though it's sold as ‘free money’, you do actually have to earn it before you can cash it out. If you don’t understand some of the T&C’s a casino presents you with, feel free to contact their support. I’ve done it countless of times and can say that they have always been very courteous and helpful whenever I had a question.

Best Deposit Bonuses Currently Available

Nowadays, finding good bonus offer is no that much of a tedious and time-consuming task. Casinos are constantly competing with one another, and there are some excellent deposit bonuses you can stumble upon if you know where and how to look for them. I’ll pick a few of my favourite ones, and summarize their offers in short and express why I think they are a good choice.

Deposit bonus casinos of my choice:

  • Parklane Casino – this online gambling establishment offers you a fantastic 200% match bonus that goes up to $2000. It makes it ideal for both novice and experienced players, as there are a lot of options and a wide range of possibilities to use this bonus.
  • Cashpot Casino – offers you a staggering 300% match for your first deposit of up to $1000. This casino has a multi-tier bonus system which offers you additional welcome bonuses as well when you make your second and third deposit.
  • Osiris Casino – this casino gives you a 300% match on your first deposit up to $900. Like the above mentioned Cashpot Casino, Osiris also has a multi-tier welcome deposit bonus offer.
  • S Casino – another diverse casino suitable for all, it offers a 100% bonus match up to a total bonus of $500.

Note that with some of these casinos you will receive the bonus on a step-by-step basis. The bonus is divided into multiple tiers, each one offering more than the last one. This is purposefully done by the casino, in order to keep you engaged for a longer period of time and make you come back to deposit into the casino again.

This list gives you a small insight into the vast world of deposit bonuses. Besides these classic options for the deposit bonuses, if you look hard enough, you can find all kind of crazy and cool bonuses. For example, a few weeks ago I stumbled upon a casino which offered overnight stays at a hotel and free dinners to some of the most loyal players. There are also bonuses that go up in the thousands, but those are meant for high roller players who deposit much more money into the casino. This is a whole new deal I’ve talked about in my high roller bonuses tips and tricks article.

Watch out for Wagering requirements

As is the case with all bonuses and rewards you can come across during your online gambling time, deposit bonuses are also subject to wagering requirements. A wagering requirement is a multiplier that shows how much times you are required to play through your bonus sum before you can cash out your money. That is why I'm stressing the importance of understanding the requirements and rules when it comes to wagering. When you know all of the T&C’s, it's easier to play. Also, avoid bonuses that have 50x-60x wagering requirements tied to them. Don’t get caught up in high bonuses if they also draw high wagering requirements with them. If a casino asks for you to wager your initial bonus for more than 30x, you will likely have a tough time achieving it, no matter how much experience you have.

How to recognize a good opportunity  

When choosing a casino in which you want to spend a lot of your time in, it's important to consider a few factors which I’m going to share with you. Like I've said above, the height of the bonus is not the only important thing. Before you opt out for a casino that offers sky-high bonuses, research more about the platform itself. There are plenty of indicators that can tell if the casino will be a good opportunity or not. Check out the wagering requirements, the RTP and the casino’s general business model. This part of the gambling experience may sound boring to you, but it can save you a lot of trouble in the future. All in all, choosing a good and reliable casino ensures you have a smooth and enjoyable gambling experience, without having to think about anything else.

Conclusion

I’ve told you the most important things you need to know about deposit bonuses, and now you’re ready to go and cash out on your favourite slot or table game. Deposit bonuses can be of great help when starting your online gambling experience if you use them in the right way. Keep in mind my tips and you will not only have a fun and entertaining time but will also win some nice extra cash.