Bonus

What Is A Deposit Bonus?

These days, most online casinos offer bonuses to new and existing players. Although these bonuses come in all shapes and sizes and depend on whether you’re a new or returning player, knowing exactly what they entail can make the difference between a great casino experience and a not so good one! A deposit bonus is the amount of money that the player deposits to a player account after the registration process is completed. The amount can be anywhere from €$ 10 upwards and as much as €$ 100 or more. In our article, we’ll focus on the different Deposit Bonuses, free spins and what they entail in terms of wagering requirements.

Top Deposit Bonuses Minimum Deposit Casinos
Casino Offer Min Dep Rating Sign Up
Wazamba
Wazamba
100% match up to $/€500 + 200 free spins *
$/€20
91%
Bob Casino
Bob Casino
$/€500 + 130 Free Spins *
$/€5
91%
Jonny Jackpot
Jonny Jackpot
€/$1000 - 100% Bonus + 100 Bonus Spins *
$/€10
91%
Slot Wolf
Slot Wolf
€/$350-150% Match Welcome Bonus *
$/€20
82%
LeoVegas
LeoVegas
$/€1,000 + 100 cash Free Spins *
$/€10
92%
Royal Panda
Royal Panda
100% match deposit up to $/€100 *
$/€10
92%
Playamo
Playamo
100% match deposit up to $/€500 + 100 Free spins *
$/€10
91%
*T&Cs apply to each of the offers. Click “Sign Up” for more details. Please gamble responsibly! You must be 18+.

Welcome Bonus

Every online casino offers some sort of Welcome Bonus and whether it’s a deposit match bonus or free spins, newbies can enjoy some form of freebie when signing up and making their first deposit. The norm is to offer the player a 100% match bonus, meaning that when you make your first deposit, you will receive double the amount back from the casino. This is the best way to test an online casino to see if it meets your needs or to test a slot game or two. The percentage match of any Welcome Bonus varies, some casinos offer 50% while others 100% and some even go as far as 500%! Wagering requirements have to be considered when choosing to accept a bonus. According to the Terms and Conditions, which should always be carefully read, a wagering requirement will have to be met. This simply means that the bonus amount must be re-wagered a number of times before you’ll be allowed to draw out the winnings generated from the bonus.

First Deposit Bonus – Match Bonus

Your first deposit bonus is an incentive for you to familiarise yourself with the online slots and allow you to play longer. This type of bonus is offered to new players at most online casinos these days, it’s a promotional tool designed to encourage you to sign up and make your first deposit. The value of the bonus is usually a percentage match on your first deposit. In other words, if you are offered a 100% match on your first deposit of up to €$100, and you decide to deposit the minimum amount required, let’s say for example that you deposit €$10, you will then receive €$20 from the casino. Every casino has a slightly different way of managing their bonus offerings and you’ll find that some will award you by matching your initial deposit whilst others require several deposits to unlock the bonus.

As a new player, the first deposit bonus will benefit you as it offers the chance to accumulate extra wins with no risk to your own money. It’s essentially free funds for you to not only test the slot games but also look around the online casino and see if it’s all that you hope it will be. Playing the slots with your free reward means a higher chance of winning and extending your playing time.

Another variation of the Welcome Bonus is a bonus package with a cap. For example, a casino offers a 50% match bonus up to €$500. This means that the online casino will offer you 50% of your deposit provided it will not exceed €$500.

There are always wagering requirements linked to every sort of bonus and free spins, but we’ll cover that a little later one.

No Deposit Bonus

A No Deposit Bonus is a free bonus offered at no cost to new players or to reward long-standing loyal players. For a new player, it’s a valuable way to start the gambling adventure. If you have always wanted to learn how to play online casino games, but you were too afraid to lose money, then this is the bonus you’ll want to receive. This free bonus is highly sought after by players as it is essentially free money that the casino offers you. The best part is that you don’t have to deposit any money to receive the bonus.  The casino chooses the amounts on offer, but usually, you get €$5 or €$10 or more and you can play this money without fear of risking your cash. Although the money is instantly credited to your account, it’s money that must be used for gambling and can’t be withdrawn into your bank, e-wallet or credit card until the wagering requirements are met. This is the number of times you must play with this money before being allowed to convert it into cash for withdrawal.

Reload Bonus

The reload bonus is offered when you make a further deposit into your account, and although a little is less generous than the initial welcome deposit, it’s still considered a fantastic opportunity to continue playing the slots with casino money. Offered as a certain match percentage on your deposit, it can range from 15% or higher. Some casinos offer as high as 100% match on your deposit, but that’s rare.

Free Spins

Free spins are often bundled together as part of a Welcome Deposit Bonus or as part of another bonus package. When free spins are offered as part of a welcome package, the player can be given free spins to play immediately or they could be split over a number of days, for example, 100 free spins to be used at 20 free spins per day for 5 days. Free spins are usually allocated for specific slots and can be offered in a number of ways:

No Deposit Free Spins

There’s no need to make the first deposit to qualify, you simply fill out the registration, agree to the casino’s Terms and Conditions and they’re yours. No deposit free spins are very attractive to low stakes players that are trying to build a bankroll with absolutely no risk to their own money.

Deposit Bonus and Free Spins

A deposit is required and the concept is pretty much the same as with the No Deposit Free Spins, you can play the slots, generate wins and after fulfilling the wagering requirements, the winnings can be withdrawn.

High Roller VIP Bonus

At online casinos, the high roller bonus or VIP bonus is probably the biggest incentive a casino can offer its clients. High rollers are a very select group of players that deposit huge amounts of money and chase big wins. Naturally, they are very valued clients and the casino will offer them not only much higher deposit limits, but also a personal account manager, faster cashouts, and birthdays will not go unnoticed. The High Roller Casino Bonus can easily reach €$1000 or more and is usually offered as a match bonus.

Terms and Conditions And Wagering Requirements

Every bonus offered by an online casino comes with wagering requirements and it’s always a good idea to examine the fine print that makes up the Terms and Condition before accepting a bonus. Because you’re entering into a contract with the casino when you agree to accept their bonus offerings, it’s always wise to know exactly what the wagering requirements, time limits, weighted games and bonus limits are.

In simple terminology, a wagering requirement is the number of times you can play a bonus before being allowed to withdraw your winnings. For example, If your online casino offers you a €$20 bonus with a 10x wagering requirement, you will have to spend €$200 on eligible games before you can withdraw pending winnings earned. In another example, if your free bonus of €$50 has wagering requirements of 30x, this means that your bonus amount credited to your account is subject to 30 times playthrough before it can be cashed in. Your accumulated winnings made whilst working towards your wagering requirements will be held in a pending balance and cannot be withdrawn until the requirements are met. You can, however, use this money to work towards the wagering requirement.

Wagering will count in full on some games, usually the slots, but other games such as Blackjack will only count around 10% or 20% towards fulfilling wagering, but this amount depends on the casino as every casino has different rules. Make sure you know the weight of each game towards the wagering requirements and be aware that bonuses are limited to one per household or one per device. If you try and find a way to break these rules, you may have your bonus rescinded and possibly your account closed. Always read the Terms and Conditions to know exactly which games you can play on to fulfil the requirements.

Conclusion

Receiving a bonus is an excellent reason to try out a new online casino and although some casinos need you to deposit and some don’t, the free gift is always welcomed by the player. Welcome Bonuses, Reload Bonuses, Cashback Bonuses and free spins afford the player the chance of playing the irresistible online slots and casino games for free with a chance to win money that can be converted to cash after wagering requirements are met. With so many opportunities to play the slots for free, this is a win-win for both the player and the online casino. Why not register at one of our recommended casinos today? Play on the go with your smartphone or lounge around at home on your desktop, either way,  it’s the most fun you’ll ever have with your spare time.

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