First Deposit Bonuses are exactly what they sound like, bonuses you receive when you make your first deposit with a new online casino. Most online casinos offer their new customers a bonus on their first deposit. The exact amount of the bonus will vary, depending on the online casino you’ve signed up to. The bottom line, is that online casinos are competing for your business. Which means that there are some pretty lucrative offers out there. Read on to find what some of the types of first deposit bonuses you might come across.
A popular offer with a lot of online casinos is a match bonus. Which means that the casino will match the amount that you have deposited into your account. For example, if you deposit £100 into your online casino account. The casino will match the amount and your account will end up with a balance of £200 playable credit. It’s worth keeping in mind here, that these bonuses are subject to wagering requirements, which vary between all the casinos but generally sit around 30-40X.
Instead of the match bonus, some online casinos will offer a percentage bonus with a cap. For example, the casino will give you 50% of your first deposit up to £300. If you were to deposit £200, the casino would give you a bonus of £100. If you were to deposit £600, you would receive the maximum bonus of £300, however if you were deposit £700, you would still only receive the maximum, not 50% of £700.
Bear in mind that it’s always worth checking the terms and conditions on all bonuses including first deposit bonuses, as there might be deposit methods restrictions as well as the standard wagering requirements found on all online casino bonuses. So what are wagering bonuses, that is a good question and can be quite confusing if you are new to the world of online casinos.
Wagering requirements are a way for the casino to remain protected. The casino is essentially ensuring that the money it’s giving you for free is spent within the online casino. It also needs to be played for a certain number of times before it can be withdrawn from your online casino account. For example, if you receive £5 as a first deposit bonus and the wagering requirement is 50X, you must play £250 before it can withdrawn from your account. Hence why it’s always important to check through the wagering requirement terms & conditions before you sign up.
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