Learning About Online Casino Match Deposit Bonuses

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Peter Perkins Wednesday, October 25, 2017

It can be quite overwhelming for new online casino players when they first start out as there are just so many different types of bonuses. It can be difficult knowing what each of the bonuses are for, what they are worth, and whether we as a player are eligible to qualify for them.

These bonuses can be very lucrative for players so it always a good idea to know a bit more about them so that you can take full advantage of what’s on offer.

So What is a Match Deposit Bonus?

A match deposit bonus is a type of promotion that an online casino will run that is aimed at both new and existing players. It is a bonus that is given to these players when they make a deposit of real money into their account at an online casino.

The reason why they are called match deposit bonuses is because the online casinos will match the amount of deposit that a player has made with an equal amount being given free by the casino. There is normally a percentage given to the amount that will be matched and there will normally be a cap on just how high the amount is that the casino will match.

Some casinos may have a match deposit of 100% up to a total of $500 while others can be more extreme with match bonuses of as high as 300% up to a total of $2,000. You may also see some casinos throwing in some extras on their match deposit bonuses such as giving away some free spins as part of the deal too.

This kind of bonus allows players to play at the casino with a boosted bankroll, makes them feel like they are getting a good deal from the casino, and will most likely ensure that they make more deposits in the future.

The casino on the other hand, get to keep a happy customer at their online casino, attract new customers, and builds their player base while also enjoying a great chance that these players will carry on depositing well into the future.

Matched bonuses come in a wide range of sizes, have different benefits attached to them, and will suit the budget of different types of people. With this in mind, we have decided to give you all of the information you need to know about them.

Different Types of Match Deposit Bonuses

There are many different types of match deposit bonuses and they will all vary from casino to casino but the following three are the most common ones that you are likely to see.

  • First Deposit Match Bonuses

 

A first deposit match bonus is what is used to attract new players to online casinos. Usually these will be very lucrative as the casinos battle hard for the player’s signature in the hope that they choose them over a rival casino. Some of these bonuses can be massive with the likes of 500% being offered for deposits of up to $4,000 in some cases.

This sort of bonus can only be used once by each player and only on their very first deposit at a site. Further match deposits are usually available afterwards but they will never be as lucrative as the first deposit match bonus.

  • Compound Match Bonus Packages

 

A compound match deposit bonus is usually a match deposit bonus that is mixed together with a number of other bonuses and benefits across a number of future deposits. An example would be that a player first gets a 100% match bonus up to $200 for his first deposit, and then gets 100% up to $100 on a second deposit, 50% up to $100 on the fourth and then 25% up to $100 on the fifth.

This sort of compound bonus will vary from casino to casino so you will have to make sure that read the T&C’s associated with each so that you are clear on what you are getting for signing up using a bonus such as this.

  • High Roller Match Deposit Bonuses

 

Many casinos will also have match deposit bonuses that are tailor made for the high rollers out there. These bonuses could be worth up to $2,000 free money on deposits of around the same amount. A high roller match bonus will in many cases also be tied in alongside being a part of a VIP program that will also have many other benefits for the player.

Casinos love to keep hold of high rollers as they obviously spend a lot of money at the casinos and will try to keep them happy with their specially designed bonuses. Do not get tempted to use one of these bonuses if you cannot afford them though, the thought of being a high roller might sound exciting but if you are putting yourself at serious financial risk it really is not worth it.

How to Claim a Match Deposit Bonus

Claiming a match deposit bonus is usually straight forward but it is usually done differently depending on the type of bonus you are going for. New customers may find that a new deposit bonus is activated automatically whereas current players might be required to type in a code when making a deposit to activate theirs.

You may have to follow a link or activate a bonus in your email but this all depends on your chosen casino.

Just Remember the T&C’s

No bonus is the same, so always make sure that you read and understand the terms and conditions for any bonus that you are thinking of taking up. There might be certain requirements you need to be made aware of, there will be wagering requirements you will need to learn about before you can make a withdrawal, and there might be certain games that do not count against this wagering requirement.

Wagering requirements usually mean that you have to play a certain amount of times to a total value at the casino before you can withdraw any of the free money that you received. This is to protect the casinos from dodgy players that are signing up just to get the free money.