If you are new to the online gambling industry, then you must be confused by all the different terms that are usually splattered around without an actual definition. One of them is “Deposit Bonuses”.
The word “bonus” sounds really good right? But it is usually tied with another word that sets the parameters and defines the eligibility of these bonuses.
So, what does it actually mean? Well, it’s not as complicated as it seems. In simple terms, a deposit bonus is one of the most common types of promotions where casinos want to give you something to start your gambling journey. So, they usually match your deposit with bonus money or offer additional rewards or spins.
In other words, it’s the casino’s way of saying “Thanks for joining our platform, here is a bit of extra to start your journey.” So, if you joined a casino, and deposited $200, the casino will give you an additional $200 that can be used only for gambling.
But before you think of joining a casino, claiming the deposit bonus, and wandering off, I’m afraid it doesn’t work like that. There are rules and limitations on what and how can you use the deposit bonus, in most cases, you have to participate in multiple gambling sessions before you are allowed to withdraw that casino bonus.
How Do Deposit Bonuses Work?
The mechanics are quite straightforward, but of course, they depend on the casino. In most cases, they offer this promotion by a certain percentage. So, if a casino has a 100% deposit bonus up to $300, and you’ve deposited $150, the casino will give you an additional $150 in bonus cash.
Sweet deal, right? This is one of the most common promotions, that even crypto casinos like evo.io have already joined. You can learn more here.
But it’s not as easy as casinos tend to market it. The process gets complicated for one single reason – wagering requirements.
There are rules on how can you use the deposit bonus, whether or not you can withdraw the money, and many other things. The deposit bonus marketing is actually math. Casinos know that you’ll lose most of the money that they give you, but if you get lucky, it will be usually a lower amount than what they originally gave you.
On top of that, they are looking for a good start-up relationship, and creating a loyal customer right from the first spin.
But let’s go back to wagering requirements and find out more about what they mean.
Wagering What?
Wagering requirements are the hoops you’ve got to jump through before you can withdraw any winnings from your bonus. In most cases, you’ll need to wager the bonus amount a certain number of times.
For example, if you get a $100 bonus and there’s a 20x wagering requirement, you’ll have to bet a total of $2,000 before you can cash out. Sounds steep? It can be. But not all bonuses are created equal! Some casinos like Harrah’s keep things cool with a low 4x wagering requirement for slots.
Types of Deposit Bonuses
Online casinos love variety, so you’ll come across different types of deposit bonuses:
- Welcome Bonus: Often the juiciest, this is usually a one-time bonus for new players. For example, Borgata offers a $1,000 deposit match plus $20 on the house.
- Reload Bonus: These are bonuses for existing players, giving a boost every time you top up your account. It might not be as generous as the welcome offer, but hey, free money is free money!
- High Roller Bonuses: If you’re depositing big bucks, casinos may reward you with larger bonuses designed specifically for high rollers.
Are All Bonuses Created Equal?
Absolutely not! The biggest headline number doesn’t always mean the best deal. It’s important to read the fine print. Take wagering requirements and game restrictions into account. Some casinos might only let you use the bonus on specific games, like slots or table games, and others might have different playthrough rules depending on the game. Slots often have lower requirements, while table games like blackjack can ramp them up considerably.
So, always ask yourself: What’s the real value of this bonus?
Recent Trends in Deposit Bonuses
In 2024, deposit bonuses have been evolving to keep up with players’ preferences. Many casinos now offer hybrid bonuses, combining free spins with match bonuses. For example, most casinos offer a 100% deposit match plus 120 free spins.
These types of bonuses appeal to players who want a bit of variety right off the bat—letting you try different games before committing your full deposit.
Things to Keep in Mind
Before diving into any bonus, consider a few things:
- Wagering Requirements: Check how many times you need to wager the bonus before it can be withdrawn.
- Maximum Bonus Amount: Know the limit on the bonus match. A 100% match sounds great, but not if it’s capped at $50 when you were hoping for more.
- Game Restrictions: Make sure your favorite games count toward the wagering requirements.
- Time Limits: Some bonuses come with a ticking clock—use it or lose it!
Why Casinos Offer These Bonuses?
You might be wondering, What’s in it for the casino? Good question! Deposit bonuses are a marketing tool designed to attract new players and retain existing ones.
They give players a taste of the action and keep them engaged without the casino having to hand out actual cash—because remember, most of the bonus money can’t be withdrawn until you meet the wagering requirements.
Disclaimer:
CBD:
Qrius does not provide medical advice.
The Narcotic Drugs and Psychotropic Substances Act, 1985 (NDPS Act) outlaws the recreational use of cannabis products in India. CBD oil, manufactured under a license issued by the Drugs and Cosmetics Act, 1940, can be legally used in India for medicinal purposes only with a prescription, subject to specific conditions. Kindly refer to the legalities here.
The information on this website is for informational purposes only and is not a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or another qualified health provider with any questions regarding a medical condition or treatment. Never disregard professional medical advice or delay seeking it because of something you have read on this website.
Gambling:
As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman, and Sikkim, prohibit gambling. Land-based casinos are legalized in Goa and Daman under the Goa, Daman and Diu Public Gambling Act 1976. In Sikkim, land-based casinos, online gambling, and e-gaming (games of chance) are legalized under the Sikkim Online Gaming (Regulation) Rules 2009. Only some Indian states have legalized online/regular lotteries, subject to state laws. Refer to the legalities here. Horse racing and betting on horse racing, including online betting, is permitted only in licensed premises in select states. Refer to the 1996 Supreme Court judgment for more information.
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