How Does an Online Casino Deposit Bonus Work

Understanding Online Casino Signup Bonuses & Special Promotions

How Does an Online Casino Deposit Bonus Work

Many online casinos will offer various bonuses in order to encourage players to join their casinos. Most of the time they come in the form of deposit bonuses. These can come in handy, but it is important that you clearly understand how they work to ensure that you get the most out of them.

There are several different types of deposit bonuses such as welcome/sign up bonuses, reload/incentive and high roller bonuses; though in most cases they will fall under the Matchup Bonus category. These are definitely the most popular bonus available at online casinos.

They work like this: the casino awards you with a percentage matchup up to a designated amount on your deposit(s). In order to reduce the risk of giving players free money the casino puts wagering requirements on these bonuses. A hold is put on your account until the wagering requirements are met, which means that you won't be able to withdraw any money until you meet these requirements.

In general, they require you to wager a certain amount before you can cash out your winnings.

At this point, you may be asking yourself what the wagering requirements are. Well, each casino is going to have a slightly different set of rules, but, in general, they require you to wager a certain amount before you can cash out your winnings. For example, let's say that the casino is offering a 100% matchup worth up to £100 and you decide to take advantage of the entire amount. You deposit £100 and get £100 in bonus money, bringing your account balance to £200.

Now let's say that the wagering requirement is 20 times your wager plus the bonus (£200 x 20 = £4,000). That means you will have to wager – not loose – £4,000 to meet the wagering requirements. If that seems tricky, here's an easier way to think of it. If you bet £10 per spin on the slots, you would have to spin the reels 400 times to meet the requirements.

It should be said that before accepting any online casino bonus you should read through the terms and conditions to make sure you're fully aware of what accepting the bonus entails. Though when these deposit bonuses are used wisely, they are an excellent chance to increase your bankroll and your playing time.

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