Understanding Deposit Bonuses: A Guide

Hot Lucky 7's Slots

When you join any online gambling site, you will quickly become familiar with games, banking requirements, and, of course, casino bonuses and promotions. But, as you probably know, casino bonuses are much more than just spending them! Mastering casino wagering requirements and how to apply them comes with the territory with casino deposit bonuses.

Understand The Different Casino Deposit Bonuses

Some online casinos favor one type of casino deposit, while others use various deposit bonuses. But if you are unsure what a casino deposit is, it is designed to reward members a fixed percentage based on how much they deposit - hence the term casino deposit. Casino deposits work in these two categories.

Welcome Casino Deposit Bonus

The welcome package is the bread and butter for most online casinos. Welcome packages are only for new members. To entice them to join, online casinos will typically offer a 100% matching bonus for their first deposit, which can be worth thousands of dollars. Depending on the online casino, there might be several steps to the welcome package.

For example, the first deposit is usually worth 100%, but some sites might go higher up to 300%. For second deposits, the matching bonus might be worth 75%, while third and fourth deposits are usually worth 50%. It is also common for welcome casino deposit bonuses to have free spins attached to them.

Daily or Weekly Deposit Bonuses

Most online casinos offer daily or weekly deposit bonuses to reward all their members, especially loyal members. Some daily bonuses might work for first deposits, while others work for deposits made throughout the day. It is common for daily deposit bonuses to start between 10% to 25%. For weekly deposit bonuses it is usually given out once per week to entice you to make deposits on a particular date.

Activating the Deposit Bonus

Some online casinos automatically trigger the deposit bonus in your favor once you make the deposit. Other sites might require a valid bonus code with a deposit minimum. Typically, deposit minimums begin at $25 and might cap at $100 to control the bonus money ceiling. For any questions, please read the particular bonus terms and requirements.

However, most sites proudly display the deposit bonus and the bonus codes necessary to activate them. Once the deposit activates, beware of the time frame to use them. Otherwise, the precious deposit bonus might become forfeited.

Also, beware of any conflicts that the deposit bonus might have. Again, please check the bonus terms and requirements to see if you are eligible to use them with other bonuses and the rollover requirements.

Understanding the Deposit Bonus Terms

While higher-paying matching bonuses are lucrative upfront, they often have higher wagering requirements. Slot games are the most favorable of the deposit bonuses because of how cheap it is to play slot games. Table games, on the other hand, have a higher wager and playthrough requirements because it costs more to play them, especially Blackjack.