Here is a closer look at how you can go about claiming a matching deposit bonus when you sign up to a fully licensed online casino. You can also find out a little bit about wagering requirements (aka playthrough requirements) that are generally attached to bonuses, which you must complete before it will become possible to withdraw any winnings that you accrue from your bonus.
What is a matching deposit bonus?
A matching deposit bonus (aka match bonus, or deposit bonus) is an offer that operators of online casinos give to new players when they sign up, and it’s the most common type of online casino bonus. In short, it means that the casino will match your deposit by a certain percentage and up to a certain amount. For example, you can generally find a 100% matching deposit bonus, which could be worth up to $/€/£50.00, $/€/£100.00, $/€/£500.00, or more (or equivalent currency value). Each casino is different.
With the 100% match bonus, you are effectively doubling up on your deposit, and the minimum deposit amount required to claim the bonus might be $/€/£5.00, $/€/£10.00, or $/€/£20.00, it all depends on the casino. Your average free spins casino out there today usually has some kind of attractive match bonus up for grabs, and they are definitely worth taking advantage of.
Reasons for claiming a match bonus
● A great way to claim free money
● A great way to try out the games with basically zero risk as it’s free bonus money
● Most match bonuses today come with relatively low wagering requirements, which shouldn’t take too long to complete
● No strings attached, and you have the potential to win big from your matching deposit welcome bonus
● Deposit bonuses can be claimed when depositing with Visa, MasterCard, PayPal, Paysafecard, NETELLER and several other trusted online payment options
● Deposit bonuses can be claimed whether you sign up to the casino from a smartphone, tablet, laptop, or desktop computer
How does a matching deposit bonus work?
It’s really straightforward, and it can usually only ever be claimed on your first ever real money deposit at the casino. Let’s take a look at a quick example. If the casino is offering you a 100% match bonus worth up to $/€/£250.00, it means that the casino operator will give you up to $/€/£250.00 in free bonus cash. Therefore, if you maximise the bonus and deposit the full $/€/£250.00, you will receive $/€/£250.00 bonus money on top of your deposit. If you deposited just $/€/£30.00, then you would receive $/€/£30.00 bonus money on top of your deposit, and so on.
What are wagering requirements?
You couldn’t simply withdraw your bonus money. If you could, most players would withdraw it the minute they receive it, and casinos would quickly go out of business. Instead, you have to complete wagering requirements within a certain amount of time (which could be one day, one week, or possibly even one month) by wagering your bonus money X amount of times. If you complete the wagering requirements and still have winnings from your bonus leftover, those winnings are yours to keep with zero restrictions.
The average wagering requirements attached to most online casino bonuses today can be worth anywhere from 35x up to 45x times the bonus amount. You also generally need to wager the initial deposit amount to complete the wagering requirements. Just remember, the lower the wagering requirements, the better it is for you as a player.
