A First Deposit in casinos refers to the initial amount of money that a player deposits into their casino account after registering. This deposit is significant because it often qualifies the player for various promotional offers, most notably the First Deposit Bonus, which is a common incentive used by online casinos to attract new players.
This bonus can come in various forms, typically as a percentage match of the deposit amount. For example, if a casino offers a 100% match on the first deposit up to £200, depositing £100 would result in an additional £100 in bonus funds, giving the player £200 to play with.
To qualify for the First Deposit Bonus, players often must meet specific minimum deposit requirements. This amount varies by casino, but it is crucial for players to know before making their initial deposit.
Bonuses associated with first deposits usually come with wagering requirements that dictate how many times the bonus amount must be wagered before any winnings can be withdrawn. For example, if a player receives a $100 bonus with a 20x wagering requirement, they would need to wager $2,000 before cashing out any winnings derived from that bonus.
Each casino has its own terms and conditions regarding first deposits and associated bonuses. These may include restrictions on eligible games, time limits for using the bonus funds, and specific payment methods that qualify for the bonus.
