A Deposit Bonus is a promotional offer designed to encourage players to deposit money into their gaming accounts. Online casinos commonly use this type of bonus to attract new players and retain existing ones by providing them with additional funds or benefits to enhance their gaming experience.
Online casinos offer several types of deposit bonuses to their players. For instance, a Welcome Bonus, often referred to as a first deposit bonus, is offered to new players upon their initial deposit. These bonuses typically match a percentage of the deposited amount, such as “100% up to £200,” meaning that if a player deposits £200, they receive an additional £200 in bonus funds.
Reload Bonuses are available to existing players when they make subsequent deposits. Reload bonuses encourage continued play and can also be structured as a percentage match of the deposit. Some deposit bonuses offer free spins on specific slot games instead of or in addition to bonus money. For example, a player might receive 50 free spins for making a qualifying deposit.
Most deposit bonuses come with wagering requirements, which dictate how many times the bonus amount must be wagered before any winnings can be withdrawn. For example, if a player receives a £50 bonus with a 20x wagering requirement, they would need to wager £1,000 before cashing out any winnings derived from that bonus.
Deposit bonuses are subject to various terms and conditions that players must adhere to. These may include restrictions on eligible games, maximum bet limits while using the bonus, and expiration dates for using the bonus funds.
