Many online casinos offer a number of welcome bonuses and promotions in a bid to bring in new players to their casino. One of the most common promotions is the match deposit bonus, provided when a new player signs up to the casino. A deposit bonus in this form needs the player initially to create an account with the casino, and then further cement this relationship by making a first deposit of their own funds into their account.
By getting players to make this deposit, casinos create a link with the player and form a bond in the hope that, because the player has now invested money in their casino, they are less likely to leave. To make depositing money even more appealing, casinos will offer a match deposit bonus, which sees the casino place the same amount of money into the player’s account that the player has deposited. Essentially, this means that players have double the bankroll at no additional cost to themselves, and can now go and play more casino games, or gamble at a higher bet rate.
What Makes the Best Deposit Bonus?
There are many different things to consider when choosing a welcome bonus. Players should be mindful of not jumping on the first offer they come across, but rather checking out the wagering requirements – that is, the number of times any winnings from the match deposit bonus must be played through before it becomes ‘real’ money – and the minimum and maximum deposit amount that is allowed by the bonus.
The best first deposit bonus casino offer is one that has a relatively high maximum deposit, coupled with a 100% or 200% match from the casino. In addition, it is important to find an offer that does not have extortionately high wagering requirements alongside it. Even if the bonus can seem high, if the wagering requirements are similarly high, then it can negate any winnings that may be created by the bonus, thus leaving the player with no winnings at all.
200 Deposit Bonus Casino
It is important to explain these differences in a little more detail. For example, many casinos will offer a 100% match deposit up to a maximum value of 100.00. This means that the maximum amount of money that a player can play with will now be 200.00. However, a player may see a promotion offering a 200% match deposit and deem this to be a better offer. But is it? If the deposit amount is limited to just 50.00 as a maximum, then the total amount of money that a player can use is only 150.00, making the 100% match a better option.
To continue in this vein, a 400% match deposit bonus can sound like the best thing since sliced bread, until the player realizes there is a maximum deposit of just 20.00, which will leave the player able to play with even less money than both the previously mentioned examples. Bear in mind, of course, that there are always wagering requirements attached to match deposit bonuses, and these too will vary widely between the different casinos and promotions on offer. A great bonus will offer a decent, but not excessively high, wagering requirement that will lead players to believe that it can be surmounted.
If players do not play close attention to these, they can be the bane of their life. Wagering requirements regulate the number of times any deposit bonus winnings must be played through in order for a player to be able to withdraw them from their account. The lower the amount of play-through required, the more likely it is to be achieved. Some casinos won’t have wagering requirements at all, but these tend to be few and far between. In general, players are looking at values of between 20 to 30 times before winnings can be withdrawn.
Using a match deposit bonus can be a great way for players to get the feel of a casino. It provides a risk free way of testing out a variety of games that they may not otherwise have chosen. At the end of the day, the player may not come out on top money-wise, but they will have gained a huge amount in experience.