A “Deposit Bonus” is a common promotional offer provided by online casinos to incentivize players to deposit funds into their casino accounts. This type of bonus typically works as follows:
- Match Percentage: The most common form of a deposit bonus is a match percentage of the amount deposited. For example, a casino might offer a 100% deposit bonus up to a certain amount. This means if you deposit $100, the casino will add an additional $100 in bonus funds to your account, giving you a total of $200 to play with.
- Minimum and Maximum Limits: Deposit bonuses usually come with minimum and maximum limits. The casino might require a minimum deposit to qualify for the bonus, and the maximum bonus amount will be capped.
- Wagering Requirements: These bonuses typically have wagering requirements, which dictate how many times the bonus amount must be wagered before the player can withdraw it as cash. For example, a 30x wagering requirement on a $100 bonus means the player must make bets totaling $3,000 before the bonus converts to withdrawable cash.
- Eligible Games: Some deposit bonuses may only be applicable for certain games or categories, like slots, table games, or live dealer games. The terms and conditions will specify these restrictions.
- Expiration Date: Deposit bonuses usually have an expiration date, meaning that the wagering requirements must be met within a certain time frame, or the bonus will expire.
- First-Time Depositors: Often, these bonuses are particularly targeted at new players as a part of a welcome package, though many online casinos also offer deposit bonuses to existing players as a part of regular promotions or loyalty programs.
A deposit bonus enhances the value of a player’s deposit by increasing their total playing funds. It’s a popular way for casinos to attract new players and retain existing ones. However, players should always read the terms and conditions carefully to understand the requirements and limitations of these bonuses.