As a gambler you can take advantage of it, because the deposit bonus is basically free money that you get extra when you sign up or when depositing a new amount of money into your online casino account, although of course you still have to fulfill the conditions of such a deposit bonus. What are casino deposit bonuses and what are the benefits?
Don’t confuse deposit bonuses with other bonuses
The promotion is one of the bonus types offered by online casinos to keep new and existing customers happy. Sometimes the deposit bonus can be confused with the welcome bonus, which is intended only for new players.
Deposit bonus
The deposit bonus is also available to existing players as a thank you for their loyalty and active participation in the online casino. A deposit bonus can therefore look different in various ways;
- Amount: For example, you get a 50% bonus if you deposit at least X amount of money into your account. This is very common if you have been inactive for a while and online casinos want to activate you for gambling again.
- Free spins: In exchange for your active participation in the casino you will receive free spins from the casino. These can be bet on all video slots or on a limited number.
- The welcome bonus: If you open an account and deposit the first amount you will receive a deposit bonus that can vary between 50% extra and sometimes even 200% extra as bonus money.
The wagering requirements
Although you can think of a deposit bonus as ‘free money’, in most cases it’s not. Sometimes an online casino will give you free bets if you have wagered at least €50 or €100 on various casino activities for a week, for example, but this is slightly different with a deposit bonus.
For example, the deposit bonus can be 100% on a deposit and up to €25. That means that when you make a deposit you will get an extra €25 in bonus money if you deposit the full €25. Would an online casino offer this casino bonus without any playthrough requirements, the casino would be bankrupt within a few months. What do the playthrough requirements look like?
Where can I expect a deposit bonus?
The most important conditions are: how many times you have to wager the bonus amount (and sometimes the deposit), how many days you have to do so and if you can use the deposit bonus on a limited number of casino games. Of course it also depends on which part of the online casino you want to use the bonus on; sports, live casino, table games or video slots.
Example of the deposit bonus
The conditions that apply to the deposit bonus are quite achievable, especially if you gamble frequently and therefore are not afraid to wager money. In practice you will see that the deposit bonus has to be wagered 30 times and you have 30 days to do so. This can vary between 15x and 45x wagering, depending on the online casino. The time frame within which you are required to wager the deposit bonus may also vary. If you have to wager both the bonus amount and your deposit, then you only have to wager 6 times within the set time frame, but you will still have to deal with a double amount.
The example:
From casino A you get a deposit bonus of 100% up to a maximum deposit amount of €30. Within the terms and conditions it is stipulated that you may only wager the deposit bonus on a video slot, but one of your own choice. Your maximum bet per spin is €3 per spin by the way. You get 30 days to play through the bonus 30 times as well, which comes down to 30×30 = €900 in 30 days.
At a maximum bet of €3 per spin, you will need 300 spins within 30 days to clear the bonus. That comes down to an average of 10 spins per day which is quite doable.
The benefits of a deposit bonus
A deposit bonus often has quite favorable conditions and you play with ‘free money’. If you don’t win anything, at least in most cases you didn’t lose anything. If you do win something, then of course that’s a nice bonus. You have nothing to lose and as an active gambler there is nothing better than receiving a deposit bonus.
You’ll get appreciation from the online casino and the chance to win even more money in an accessible way. Take advantage today of numerous deposit bonuses at various online casinos.