Making the Most of a Casino Deposit Bonus

A casino deposit bonus is a great way for these venues to entice new players to enjoy their games. They range in size and value and provide gamblers with extra cash for padding their bankrolls. While no deposit bonuses used to be the mainstay, many casinos have stopped offering them because they are susceptible to bonus abuse. Here, we have provided some information about casino promotions and bonuses to help gamblers make the best decisions regarding their money.

How a Match Bonus Works

The casinos provide players with a match bonus when they make deposits into their accounts, and this is why this type of bonus is also known as a casino deposit bonus. As an example, the casino may promise to match a player 100% of his or her deposit up to $100. This means that if the player deposits $30, he or she will be matched $30. If the player deposits $200, however, he or she will only be matched $100 since this is the limit that is imposed. Players should always be sure to read the terms and conditions associated with these bonuses very carefully before they put any money into their accounts, too.

When Bonuses are Offered

There are many circumstances in which a casino will offer these bonuses. For instance, the welcome bonus is often the largest, and many will offer 200% or even 300% matches of up to $1000 just to bring in new business. Casino promotions are also quite common; these usually run monthly or during holidays. However, most casinos only offer 50% matches at maximum outside of the welcome bonus during such promotions. Players may also receive a small match bonus of generally between 5% and 10% whenever they choose to use a specific deposit method.

Wagering Requirements

Any time a player receives a casino deposit bonus, he or she should take the time to understand the wagering requirements that go along with it. The wagering requirement associated with a bonus is the amount of money that the player must wager in order to withdraw the winnings earned with the bonus -- or even the bonus itself if it is cashable. On average, these venues ask players to wager 30 times the amount of the original bonus that was provided in order to withdraw any winnings. Thus, if a player received a $100 bonus, he or she must wager $3000 in total before winnings can be taken out.

Minimum Deposits

Finally, before any player makes a deposit into an account in anticipation of receiving a bonus, he or she should understand that most bonuses have minimum deposit requirements. Of course, if the casino offers a 100% match of up to $100, then the biggest benefits are realized when the player deposits $100. However, the casino may require that the player deposit at least $50 in order to be eligible for the bonus at all. In this case, if the player deposits only $35, he or she may be upset that no bonus cash was earned.