A deposit bonus is an incentive given to new players after they deposit money. The particular amount in cash varies among different casinos and have certain conditions that must be met. Every first deposit bonus comes with two important values―the match percentage and maximum deposit amount.
Going in search of deposit bonuses on your own can be quite frustrating. But not to worry, I have done the hard part for you. I have compiled a list of the best first deposit bonus casinos for you. Read this page to learn more! Read more
The list: Best first deposit offers for 2020
Pros and Cons of the Casino Bonuses
The first thing a gamer looks out for at an online casino is the deposit bonus. The reason many punters have accounts at different casinos is simply because of their deposit bonus offers. With a deposit bonus, you can play casino games for free. Also, you can begin your gaming time at the casino with a robust bankroll.
However, like almost everything in life, a deposit bonus offer also has its drawbacks. Wagering requirements, being the major drawback among others. A wagering requirement can make it almost impossible to withdraw winnings from a casino. An unsuspecting gamer can easily fall victim to it, and by the time they realize it, it’s already too late.
Therefore, to forestall such occurrence, a clear understanding of its pros and cons can help you decide whether to claim the bonus or not.
- Bonus Cash Rewards
- Receive Free Spins
- Enjoy Numerous Bonuses
- Play Free Games
- Wagering Requirements
- Cash Out Limit
- Time Limit
- Low Wagering Contribution
What is a deposit bonus even?
Going by the name, a deposit bonus is a form of bonus that gets activated once real money is paid into a casino account. This bonus is provided by the online casino to the punter. This bonus can be used to place larger bets on selected games available on the casino.
Should I even bother getting a first deposit bonus?
Yes, it’s very important. Every punter should endeavour to grab their first deposit bonus. This is for the purpose of starting your gaming adventure with a robust bankroll. A deposit bonus comes in various forms which include welcome bonuses and reload bonuses. All of these forms require the player to deposit cash to be eligible for the bonus.
The welcome bonus is one of the most common types of first deposit bonus. New players will receive a certain percentage of their first deposit based on the bonus structure the casino has put in place. For instance, a casino offering a 100% deposit bonus of up to $100 will reward new players an extra $100 for their first deposit of $100. This means that player has $200 to try out different games and earn more cash. However, a welcome bonus comes with specific bonus conditions that must be met.
Before claiming a deposit bonus, there are a couple of factors to consider and they include:
- Its wagering requirements.
- Validity period of the bonus.
- Bonus percentage (Is it a 50% or 100% first deposit bonus?)
- Terms and conditions.
- Supported games to use the bonus.
Guide: How can you get your bonus?
No deposit bonus vs. Deposit bonus
There are different types of online casino bonuses. No two online casinos have the same bonus offers. A casino bonus is used to attract gamers and keep them hooked at the online casino. In this section, we shall be looking at two top casino bonuses namely, the no deposit bonus and the deposit bonus.
A deposit bonus is an incentive players receive the moment they put money into their casino account. It is designed mainly for new players. The deposit bonus has become a norm for online casinos. Hardly will you see an online casino that does not provide a deposit bonus.
Every online casino has a unique method of giving out deposit bonuses. Some online casinos make use of bonus codes to release their deposit bonus. Players are required to type in the bonus code during registration. The most common deposit bonus found on most online casinos is the 100% match bonus, and they are mostly expressed like this: “100% deposit bonus up to $200.” Meaning that an extra $200 is up for grabs for the player who will make an initial deposit of up to $200 at the online casino.
Advantages Of A Deposit Bonus
✅Affordable deposit cash to qualify
✅Gives players bonus cash for wagering.
✅It provides a heft bonus sum of up to $1,000, depending on the casino.
Disadvantages Of A Deposit Bonus
❌It only serves new players. Meaning that existing players cannot access it.
❌It comes with wagering requirements.
On the other hand, a no deposit bonus is provided without the gamer funding his/her account. It usually comes in the form of free spins. Its purpose is to enable the gamer to test run the online casino before investing. The bonus cash attached to a no deposit bonus is smaller compared to a deposit bonus.
Advantages Of A No Deposit Bonus
✅It gives gamers free spins.
✅Play games without any financial commitment.
✅Check out new game titles.
Disadvantages Of A No Deposit Bonus
❌Low withdrawal amount.
❌High wagering requirements.
Different deposit bonuses
Traditional casinos are known for their amazing bonuses. Players can get big rewards such as exotic trips, jewelries, cash prizes and lots more. However, online casinos may find it tough to match such generosity. Nevertheless, they have created deposit bonuses as a way of rewarding their members.
These deposit bonuses are used to attract players. In addition to this, online casinos make use of deposit bonuses to keep their new members coming back. With that said, listed below are different types of deposit bonuses that are currently available on the market:
This is the default deposit bonus on most online casinos. When players make their first payment into their casino account, they receive a 100% match bonus. This means, provided a player’s initial deposit is up to the specified amount required for the bonus, they will receive a bonus of the same amount.
The bigger a casino match bonus is, the better. Sometimes the standard 100% deposit bonus seems too small. Punters will always go for a better offer and in this case, it is the 200% first deposit bonus. A first deposit bonus casino with a 200% offer will double your initial deposit. If you deposit $100, you will receive an extra $200 plus your initial deposit to play with.
Even bigger than the previously mentioned bonus types is the 300% class. Players who are gunning for this bonus must first make an initial deposit into their account. Once this is done, the first deposit bonus casino will give him a bonus worth 300% of that deposit. So, a player with an initial deposit of $30, will have a total of $120 to wager on different games. However, pay close attention to the rollover requirements.
A 400% deposit bonus is another popular bonus offered to new players at an online casino. This bonus deal gives players a budget that is four times their initial deposit. This means that if you make a deposit of $100, a bonus cash of $400 will be credited into your casino account. So your total gaming fund will surge to $500.
This is the king of all the deposit bonuses we have listed. Playing at the best first deposit bonus casino that has a bonus offering of 500% will definitely give your bankroll a new look. A deposit of $100 will provide you with a deposit bonus of $500. In total, the punter will have $600 to do as he pleases at the online casino.
Here is a very special type of deposit bonus. Also known as wager-free bonuses, it is rapidly growing in popularity in the gambling industry. With a no wagering deposit bonus, punters can simply go ahead to scoop up their winnings without any barriers standing against them. This is a relief because wagering requirements can be quite frustrating and annoying. Placing stakes with a no wagering bonus means that anything you win is yours to keep. The winnings are sent straight to your withdrawable balance. However, finding a deposit bonus with no wagering requirements can be very hard. This is why you browse through our recommended list to find these offers in CA.
A free spin lets players spin the reel at no cost. With free spins bonus, the gamer can play specific casino games without making any financial commitment.
An online casino can give out as many as 100 free spins deposit bonus. Meaning that the gamer can play games such as slots for free up to 100 times. Any amount won with the free spins will be added to the account of the player. It is worthy of note that free spins work only on selected games.
However, it may not be very easy to withdraw any winnings obtained from free spins. This is because they come with wagering requirements. To get your winnings, you must wager or play through your winnings for a number of times. If done successfully, your funds will be released. Ensure that you read the terms and conditions of the free spins bonus before claiming it.
Always read the terms and conditions before playing!
The end game for every casino lover is to make decent returns on their bets. After spending hours online, this is only fair. Deposit bonuses are designed to attract gamers to sign up at a particular casino. They come fully wrapped in shiny packages. Some offers are even better than others. But most of the time, hidden behind the shiny offers is a difficult wagering requirement. A lot of punters claim deposit bonuses without knowing what comes with them. In the end, it becomes very difficult to withdraw winnings gotten with them. Players are encouraged at CasinoBernie to always read the terms and conditions of a deposit bonus before going for it. This is to prevent time wastage and a bad gaming experience at any online casino.
Frequently asked questions about deposit bonuses
Yes. In as much as existing players will love to have another bite of the deposit bonus, they can't. A deposit bonus is meant for only new players at an online casino. It is provided as a marketing strategy to lure gamers to a gambling platform. However, there is still hope for existing players to enjoy deposit bonuses. They can always register as new players at another online casino. By doing so, they will be entitled to the deposit bonuses offered by the new gambling site. CasinoBernie has a list of the best first deposit bonus casinos for you to choose from.
Of course, you can. But that will be after you satisfy the wagering requirements of the deposit bonus used to earn the winnings. If the wagering requirements are fulfilled, the online casino will have no other choice but to release your winnings to you. Failure to meet the terms and conditions can hinder you from cashing out immediately.
As much as we will like them to last forever, they can't. A deposit bonus is not designed to last long. There is a time limit to their existence. The moment a player claims the bonus, an automatic countdown begins. Players are immediately made to race against time to fulfill the wagering requirements of the bonus before it expires. The expiration time can range from days to weeks. In the end, the rules are the same. The gamer must fulfill all requirements before the bonus time gets exhausted. Once the time counts down to zero and the requirements remain uncompleted, the player will lose the deposit bonus.
Yes! There is nothing stopping you from gathering as many deposit bonuses as you like. But in your quest to claim deposit bonuses, make sure you read the terms and conditions attached to them. This is to ensure that you are capable of meeting their wagering requirements. However, a deposit bonus with a high wagering requirement should be avoided at all costs.
No. But the number of those who offer deposit bonuses eclipse those who don't. Most casinos give you the opportunity to receive free deposit bonuses and free spins to play specific casino games like slots. All these comes by simply creating an account at the online casino website. As long as your country of residence is not blacklisted by the online casino site, you can be sure to receive your deposit bonus.