Understanding Deposit Bonuses: A Guide

If you frequently browse online casinos, playing slot games or virtual versions of poker, you're probably familiar with bonuses. Online casinos offer a variety of bonuses, and one of the most popular types of bonuses is called a deposit bonus. Most online gaming platforms offer bonuses whether you're a new user or a returning one. There are typically two types of bonuses, there are deposit bonuses and no deposit bonuses. In this article, we're going to focus on the fundamentals of understanding a deposit bonus.

What Exactly is a Deposit Bonus?

A deposit bonus is a special bonus that is rewarded when you replenish your account. When you sign up for a casino and make your first deposit, you're typically awarded a deposit bonus for that. It's usually referred to as a welcome bonus, which is still considered a type of deposit bonus. Many platforms will offer four or five deposit bonuses for your first five transactions.

Deposit bonuses can also be found in a plethora of other places. For example, they might have weekly or monthly deposit bonuses. They might have deposit bonuses associated with their bonus program, which will reward you based on your long term loyalty to the casino.

The deposit bonus will be associated with a percentage most of the time. For example, you might receive a 100% deposit bonus on your first deposit. So the online casino you're playing on will set a minimum deposit amount. As long as you fulfill the minimum deposit amount, you can receive a 100% match of your bonus, which means your deposit amount will be doubled. There will also be an upper threshold of the payment that is limited, so if you deposit greater than the maximum amount, your bonus will not be greater than that set value.

Deposit Bonus Rules

Alternatively, sometimes the deposit bonus money is stored in a separate account, referred to as a bonus account. While other casinos will just steadily deduct the bonus amount from your main account. Oftentimes a deposit bonus will come with certain restrictions as well. Every site will have its own set of terms and conditions associated with its deposit bonuses or even a particular deposit bonus. For example, some promotions are temporary or have time associated restrictions, like happy hour promotions. Speaking of time restrictions, you might only have a certain amount of time to fulfill the wagering requirements associated with the deposit bonus. For example, some bonuses allow players 30 days to complete the wagering requirements before the bonus expires. There are also limits on the amount of bets sometimes, along with limits on the type of games you can play the deposit bonus on or limits on the odds.

Why Are Deposit Bonuses Great??

With a deposit bonus, you'll have more money to play with than you put in, giving you more chances to win. So for example, if you deposit $20, and the deposit bonus is a 100% bonus, you'll have $40 to play with, which obviously gives you far more spins of your favorite slot game. So as long as you wager enough times, and if you manage to land some wins, you might be able to withdraw a higher amount of money than what you started with. Deposit bonuses often come with gifts, too, like a batch of free spins for example.