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Casino bonuses come in many shapes and sizes. But the most common bonuses can be found within the category of deposit bonuses, or no deposit bonuses. The name says it all. The no deposit bonus is a free bonus that the casino credits to your account after you have completed the registering process. In the case of a deposit bonus, the casino usually needs you to make a deposit before awarding you a bonus, either a percentage match or some spins, maybe even both.
Deposit bonuses are different from the no deposit bonus. Deposit casino bonuses are triggered when you make specific deposits. There usually are minimum and maximum amounts you need to deposit to activate this sort of bonus. The deposit bonuses are credited to your account when you meet the deposit bonuses conditions.
It could be that a free casino bonus is activated when you make a minimum deposit with more bonuses to follow when you make future deposits. These kind of bonuses are awarded as the online casino decides to do so. Deposit bonuses are often structured in percentage matches. Let us look deeper into deposit casino bonuses.
UNDERSTANDING CASINO BONUSES
When you’re signing up to an online casino, some casinos (depending on your country) transfer money into your account in the form of no deposit bonuses. You’ll be ready to play as soon as you’ve finished up making an account. Some casinos prefer not to do so. They instead reserve their welcome bonus package for when you’ve made a stated first deposit. So you’ll have your bonus money when making a deposit, not when you’ve made an account.
There is no definitive or universal first deposit amount that applies to all casinos. Different casinos will request varying sizes of first deposits from you especially to activate the bonuses. Nowadays most of the first deposit bonuses come in the form of matched bonuses. This percentage match allows players to get some extra money to begin with, with the casino adding percentages of their first deposit amounts as free bonuses to the players bankroll.
Popular among these match casino bonuses is the ”100% match up to ”x” on first deposit”. This is one of the most popular ones you would have run in to. The way it works is rather simple. For example, if a casino has a 100% match bonus up to €100; depositing €100, gets you a total starting balance of €200 in total. The 100% match bonus becomes invalid when the stated deposit cap (often denoted as up to X euros) is exceeded.
Aside from the matched percentage bonus, first deposit casino bonuses also come as simple free money bonuses. Here, there are no percentages. The online casino sets a predetermined bonus for your first deposit. Often this stated amount is fixed and applies to just about any amount you deposit so long as you just hit the minimum deposit margin for that offer. Therefore an online casino could offer you a fixed €25 bonus for deposits of €45 minimum.
Having established this, let us dive into the types of deposit bonuses the casinos have brought to you today in the world of online gambling.
TYPES OF DEPOSIT CASINO BONUSES:
We will start with the Cashable deposit bonuses
Simply put, these deposit bonuses can be cashed out and withdrawn as soon as the player meets the wagering requirements, and other terms and conditions (Validity time period). Here, as an example; we would have a 100% percentage match bonus up to 100% coming with 5x rollovers (playthroughs), so as soon as the player has wagered 500€, he or she would be able to withdraw their sweet winnings.
There are the Non-Cashable Deposit Bonuses
The online casino will not allow you to cash out these sort of bonuses. Any amount in this kind of deposit bonus will be nullified. Non-cashable bonuses are removed from your balance upon the fulfillment of the associated wagering requirements.
There are the VIP Bonuses
When you hear the word VIP, you should already be thinking of the high rollers, the big fish in the sea. Of course, just like the more traditional brick and mortar casinos have their exclusive band of VIP players, online casino have their VIP pool as well.
VIP bonuses are reserved for the chosen few and don’t apply for the “masses” in the online gambling world. VIP members can enjoy amazing benefits such as substantial deposit cashbacks, deposit-activated free spins, and even free gifts when they make deposits.
Many online casinos have package bonuses
This is a package of free bonuses offered to you by a casino. The package bonus is accumulated from all the bonuses the casino gives you for the deposits you make.
This is more of a welcome bonus comprising of free cash bonuses rather than a VIP-package. These usually include online slots free spins, free play bonuses for every deposit you make. Therefore you may see a package bonus, that sprawls through 20 free spins activated by a first deposit of €25 activated on fourth deposit.
Players can also enjoy cashback bonuses
Online casinos could give you an amount of real cash back if you make enough specific deposits. Most times, cashback bonuses are awarded in the form of loyalty reward packages for players after playing for some time. Some cashback bonuses have wagering requirements, others do not.
Free spin deposit bonuses
While some casinos gives you free cash bonuses for deposits, others reward you with free spin bonus packages. Such free spins are activated if you make specified deposit that meets the required conditions. These free spin deposit bonuses usually apply to specific set of slot games.
In most cases, winnings accumulated from such free spin bonuses are not automatically creditet to your account for withdrawal. These winnings need to be passed through the set wagering requirements, completion of which makes the winnings available for cashout.
WHAT IS THE WAGERING REQUIREMENT FOR DEPOSIT BONUSES?
Wagering Requirements for deposit bonuses are a mechanism to protect the online casino from losing money instantly on your first deposit. This is to ensure online casino bonuses are moderated. If this were not the case, imagine an online casino that offers a €5 bonus with no wagering requirements.
The implication is that the casino would end up paying itself out of business by giving out millions to their customers for free. It would be challenging for such casino to keep their business running, based on the huge hole such wager-free bonuses would sink in their finances.
Therefore the online casinos have introduced wagering requirements to filter the customers that eventually emerge winners and can withdraw their bonuses. This way, the free bonus stays within the casino in that it is used for allocated games on that casino. Besides that, they must be wagered for a specific number of times.
So if you have a wagering requirement of at least x30 times for an online casino bonus of €4 as your first deposit bonus. Then you must wager €120 before you cash out. This is why it is important to consider how moderate the wagering requirements are when you are choosing your online casino deposit bonuses.
Different casinos adopt different kinds of mentalities for the way of showing your bonus balance. For some online casinos, they operate a reserved wallet for your deposit casino bonuses. This way, your main account will only tell you the amount of real money you have with the online casino.
The bonus wallet method, in this sense tells you at any given time the precise amount you have in free bonuses. One good thing about the reserved wallet approach is that you can tell the exact moment when your casino bonus can be cashed out.
Some of the casinos may not operate a separate account or wallet for your bonus money. They would just credit your bonuses to your main account straight away.
HOW CAN YOU ENJOY FIRST DEPOSIT CASINO BONUSES?
Different online casinos will offer you a variety of deposit bonuses. The central attraction for deposit bonuses is the first deposit. This is the bonus which captivates online gamers. One of the best ways to get the best first deposit bonuses is by conducting research through reviews of online casinos. Do this to thoroughly know what they can offer to new customers upon their first deposits.
Always remember that there is more than the size of the first deposit bonus to keep your eyes open about, also watch out for the reputation (as to the credibility) of the online casino and the terms and conditions associated with the casino deposit bonus. Most times, the credibility of the online casino is directly tied to the commission regulating or licensing them. Famous regulatory commissions like the Swedish Gaming Authority, Maltese Gaming Authority as well as the United Kingdom Gambling Commission hold the highest standards of excellence, legality and responsibility when it comes to online casinos.
If you’re old fashioned, you can also look out for casino bonus codes. Casino bonus codes are a sequence of numbers, symbols, cathc-phrases or characters used in the registration process. These codes trigger a specific sign-up bonus.
Next, we will be reviewing some of the best deposit bonuses on offer. This review is a product of a rigorous analysis factoring into consideration all the contributing factors including the size of the deposit bonus, the transparency (and reliability) of the online casino, wagering conditions and game collections, and so on.