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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 many ways. The most common deposit bonuses I run across run in two different ways:
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 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 most significant 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:
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 of online casino deposit bonuses:
The main advantage is the extra added cash to your balance with which you can play and increase your chances of winning.
The deposit bonus you receive isn't 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 can't withdraw any of my bonus winnings until I reach it.
It's important to understand these pros and cons before you go and play with a casino of your choice. The deposit bonus is easy to get but hard to obtain; and though it's sold as free money, you do 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 times and can say that they have always been very courteous and helpful whenever I had a question.
Nowadays, finding good casino bonus offers is no that much of a tedious and time-consuming task. Casinos are always 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 favorite ones, and summarize their offers in short and express why I think they are a good choice.
Deposit bonus casinos of my choice:
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, to keep you engaged for a more extended period 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 crazy and cool rewards. 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.
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 rewards 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.
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 deposit 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 an excellent opportunity or not. Check out the MGA Legislation and UK rules, wagering requirements, the RTP and the casino’s general business model. This part of the gambling experience may sound annoying 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.
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 favorite slots 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 sweet extra cash.