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What Is A Deposit Bonus
Most online casinos offer some sort of welcome package to their new players, the most common bonus being deposit bonuses. A deposit bonus rewards Deposit bonus | CasinoGuide.complayers with additional money when depositing funds to their gaming account, as a gesture of goodwill from the online casino for signing up and making a deposit.
For instance, a ‘100% Deposit Bonus Up To $200’ simply means that if you make a deposit of any amount up to a maximum of $200, the online casino will double your depositing amount. Some deposit bonus percentages can go even higher, with a 200% deposit bonus being a regular at many online casinos. A 200% deposit bonus will triple your depositing amount.
Deposit bonuses are mostly awarded to players when making their first deposit, however, many casino sites have regular deposit bonuses that existing players can enjoy.
Wagering Requirements
Wagering requirements refer to the number of times bonus money needs to be played over before the money is eligible for a withdrawal. As a general rule, wagering requirements above 35x are considered high and anything over 50x is not a good deposit bonus.
For example:
- Bonus: 100% Deposit Bonus Up To $100
- Wagering Requirements: 30x
- Your Deposit: $100
- Bonus Money: $100
- Total Bankroll: $200
For the bonus money to be withdrawn, you’ll need to rollover your $100 bonus money 30 times over: 100 x 30 = $3000.
While it might seem high to some players, wagering requirements make sense. Without them, the level of bonus abusers will be at a level where its simply not feasible.
Wagering requirements, or rollover requirements as they’re also known, should not deter you from claiming the deposit bonus. Big wins are very common and bonus money can be seen as a way to get familiar with some casino games.
Welcome Packages & Deposit Bonuses
A welcome package is a casino bonus offered to players who sign up and make a deposit. The welcome package could include a different number of bonuses, but deposit bonuses are the preferred ones by many online casinos.
The main reason online casinos feel obliged to offer such lucrative casino welcome bonuses is because of the huge competition. Online casinos, especially new casinos, are constantly looking for ways to win players over, and the oldest trick in the book is to give out freebies.
There is absolutely no downside to accepting a welcome package, especially if you make a few good wins which meet the wagering requirements.
How To Collect Your Casino Deposit Bonus
The process of claiming your casino signup bonus is intentionally kept as simple as possible. Even so, if you get stuck you can just follow these simple instructions and you’ll be rolling in casino welcome bonus credit in no time!
- Choose a recommended deposit bonus from our list above and click ‘Visit Site’.
- Follow the on-screen directions to sign up. If there are none, look for a ‘register’ or ‘sign up’ button near the top corner of the screen.
- Enter your details, ensuring to use a valid email address – you will be required to validate it.
- Once you’re all set up, head to the cashier section to make your first deposit. Your casino deposit bonus should be automatically applied at this stage.
- Pick a game and start playing with your casino signup bonus money!
Casino Signup Bonuses: Key Terms
Here at CasinoGuide we always recommend that you ensure you are familiar with the key terms and conditions relating to your bonus before you collect it. 7162 CasinoChipsCasinos depend on these terms to protect them from unscrupulous bonus baggers who would simply collect the bonus money and withdraw it without playing any games.
By using our glossary of key terms that you’ll commonly find in casino deposit bonus terms and conditions, you can ensure you aren’t caught by surprise later on. If you’re looking for more general information, you can find this in our online casino bonuses page.
Maximum Deposit
This one is fairly self-explanatory, but it does have a big effect on the potential value of a casino deposit bonus. It is the amount up to which the casino will match your deposit – thereby limiting your casino deposit bonus amount.
If you have a casino welcome bonus offering a 150% deposit match up to $100, the biggest bonus you can claim is $150. But if the bonus offers 150% deposit match up to $500, you can gain up to $750 in bonus credit.
Game Contribution Percentage (GCP)
A further aspect of the wagering requirement is the game contribution percentage. This decides how much certain games will help you contribute towards your wagering requirement. Typically Slots games will have a GCP of 100%, meaning the calculation above is still valid. But the same cannot be said for all games; skill-based games such as Blackjack, Pai Gow, Video Poker, or Roulette will almost always have a lower GCP.
For example, if the GCP of a game is 50%, that means that only half of each bet you make will contribute to your wagering requirement. Therefore if you were playing exclusively that game with your $100 casino welcome bonus, you would need to bet $7000 before withdrawing it. The calculation is: ($100 x 35) / 50%.
Sign Up At An Online Casino With Deposit Bonus Today!
If you’re looking to play some online casino games for real money, it makes sense to get the biggest possible reward for your first deposit. Casino deposit bonuses can do wonders for your initial bankroll and provide you with hours more playing time than your deposit alone ever could. We’ve found and negotiated some of the very best casino welcome bonuses at the most reputable and well-established online casinos operating legally in your region. All you have to do is choose one, claim your bonus, and play today!
