One of the best online casino bonuses currently available for players is the Deposit Bonus and almost every online casino has this particular special offer available. This kind of bonus is something that you would generally never be offered in a land based casino and this is what makes online casinos so special. A deposit bonus is basically awarded to a player when he or she deposits funds into his or her account.
As a registered member of an online casino, a deposit bonus is usually awarded when you make your first ever deposit and then plenty of other similar deals will also become available throughout the year. You can generally find 50% deposit bonuses, 100% deposit bonuses and 200% deposit bonuses. These bonuses could be worth as little as $/€/£5.00 or they could be worth up to $/€/£1,000 or more.
The value of these deposit bonuses will vary a great deal from one online casino to the next. Let’s take a quick look at how a 100% matching deposit bonus worth $/€/£500 works. With this bonus, you can deposit up to $/€/£500 and the casino will match your deposit dollar for dollar. The minimum deposit amount usually required to qualify for this kind of bonus can be anywhere from $/€/£5 to $/€/£20. In other words, depositing $/€/£20 with a 100% match bonus means that you will instantly be awarded $/€/£20 on top of your $/€/£20 deposit, giving you a total of $/€/£40 to play with.
Players usually have to wager a certain amount of their bonus cash before a withdrawal is possible. This wagering requirement could be anywhere from 20x times the bonus amount up to usually no more than 60x times the bonus amount. If you accept a 100% matching deposit bonus worth $/€/£20 (with a 20x times wagering requirement attached to it), the minimum amount you would need to wager before you could withdraw your winnings would be $/€/£400.
Unless you forfeit the bonus cash, there is no way of getting out of completing the bonus wagering requirements. This is also often referred to as the playthrough requirement. You can contact the customer support to find out how much you have left to wager before you can withdraw, plus this information should also be available in the ‘My Account’ area of the casino, which you can only ever find when you are signed in to your account.
The best thing to do in order to maximise a deposit bonus would be to deposit the full amount allowed. Remember that you normally have to complete the wagering requirements within a certain period of time. Failure to complete the wagering requirements will result in losing your bonus cash and you will just be left with your initial deposit amount.