Matched Deposit Bonus Overview
In today’s day and age, everything is digitised. So it comes as no surprise that the online casino market thrives year after year. Both old-school and modern players have countless options at their disposal. Whether you’re into slots or card games, table games or live games, there’s something for you on the Internet.
The multitude of options that exist online is the reason the competition is so fierce. New casinos join the market monthly, so operators have to fight to stay in business. In addition to enriching their game libraries with new titles, they offer bonuses. Most casinos have an impressive selection of promotional offers. There are money bonuses, free spins, tournaments, and loyalty programs.
But the first offer you’ll spot when you load a casino website is the welcome package. Casinos constantly strive to attract as many players as possible, which is why they present flashy promotions on their homepages. Here’s what you need to know about welcome bonuses.
What Is a Matched Deposit Bonus?
A matched deposit bonus usually comes in the form of a money bonus. It’s common as a part of a welcome package, but casinos also offer them to regular customers. Reload bonuses, which are regular offers at most casinos, are also matched deposit bonuses.
A matched deposit bonus, as the name suggests, matches a certain percentage of your deposit. For instance, if you deposit A$200 and you claim a 100% matched deposit up to A$200, you’ll have A$400 with which to play.
Matched deposits come in various forms. The most common one is a welcome bonus. You become eligible for it when you create an account and make (at least) a minimum deposit. A welcome deposit bonus is usually a 100% or a 200% matched bonus up to A$100 or A$200.
However, there are many casinos whose welcome packages include more bonuses. They’re usually valid for the first few deposits you make. But the second, third, and (possibly) fourth deposit bonuses are somewhat smaller. They usually match your deposit by 50% or 75%.
Reload bonuses are also available on many websites. They’re generally regular offers (weekly or monthly promotions). They’re also usually smaller than the first deposit bonus, matching your deposit by 20% or 50%.
Finally, there are high roller bonuses. Such an offer is sometimes an alternative to a regular welcome bonus. For example, a 100% matched bonus up to A$1,000 is a high roller bonus. They’re usually designed for high rollers who aim to become VIP players.
Popular Types of Matched Deposit Bonuses
The most popular (and common) matched deposit bonuses are welcome bonuses. They’re always valid for the first deposit a newly registered player makes. However, there are also welcome packages that comprise several of them. Many casinos match second, third, and even fourth deposits of newcomers.
The first deposit bonus is often a 100% matched bonus. That means that a casino doubles the sum of money you’ve deposited. However, there’s always a catch. Just like there’s a minimum amount of money you have to deposit to claim a bonus, there’s also a maximum limit. For instance, if you want to claim a 100% matched bonus up to A$100, that means that the casino will match your deposit as long as it doesn’t surpass A$100.
75% and 50% matched deposit bonuses are also quite common. If there’s a welcome package that includes several bonuses, chances are the second and third will match your deposit by 75% or 50%.
Many casinos design welcome packages (and other offers) that comprise both money bonuses and free spins. It’s quite common, and the free spins are usually valid for one game or a series of games. Casinos offer them to promote certain titles. The number of free spins varies, so a welcome package can include 50, 100, or even more of them.
Lastly, there are high roller bonuses. They also match deposits by a certain percentage. However, to claim a high roller bonus, you have to deposit significantly more money than you would for a regular welcome offer.
Terms and Conditions
Casinos always present their casino bonuses in the flashiest way. As soon as you load a casino website, you’ll see banners and sliders promoting its welcome package and other bonuses. But as always, if something seems too good to be true, it probably is. Namely, before you claim any bonus, it’s important that you read the fine print.
Every promotional offer has its terms. For starters, there’s a minimum deposit limit. It’s usually A$20, but it depends on the casino. However, if you’re aiming for a high roller bonus, be prepared to meet a much higher minimum deposit limit. Additionally, there’s a maximum limit. If the offer is a 100% matched bonus up to A$100, that means that the maximum amount of money the casino will match is A$100.
Then there are wagering requirements. To prevent bonus abuse, most casinos attach wagering requirements to their bonuses. If a bonus has a 30x wagering requirement, that means that you have to roll over the entire amount of playing money (your deposit + bonus) 30 times before you can make a withdrawal request.
Some bonuses also have an expiration date. To be able to use them and make a withdrawal, you’ll have to meet their wagering requirements within a certain period of time.
How to Get a Matched Deposit Bonus
Claiming a matched deposit bonus isn’t much of a challenge. However, there are some things to keep in mind. First, you’ll have to find the casino whose promotional offers suit you. This is where you need to be careful. There are many online casinos, but not all of them are equally good. When one sparks your interest, make sure to check if it has a legitimate license. Then, go through its terms and conditions. If the casino is trustworthy, it should be transparent, and there shouldn’t be any predatory clauses.
When you sign up and make a deposit (make sure you meet the minimum deposit requirements), you can claim a matched deposit bonus. Depending on the casino, you’ll either have to enter a promo code or contact customer support.
Matched deposit bonuses aren’t a rarity. In fact, they’re quite common, both as welcome offers and regular promotions. If you need more playing money, this deposit bonus can come in handy. However, make sure you’re comfortable with the terms before you claim it.
That depends both on you and the casino you choose. A matched deposit gives you the chance to play with more money. However, it always comes with certain terms. Whether you’ll win or not doesn’t depend on the bonus, but luck.
If a bonus has a 30x wagering requirement, that means you have to play through both your deposit and the bonus before you request a withdrawal. For example, if you deposit A$100 and claim a 100% matched bonus, you’ll need to wager 30x A$200 (so A$6,000).
There are cashable bonuses and sticky bonuses. The latter can be used for playing, but they can’t be withdrawn. Thus, when you meet the wagering requirements and request a withdrawal, the bonus money will be deducted, and you can cash out the rest.
Regardless of bonuses, whether you win or not depends on luck. Casino bonuses give you more money to play with, but they don’t guarantee that you’ll win.
Yes, some casinos offer bonuses with no wagering requirements. However, they usually have a maximum win limit to prevent bonus abuse.