Online casinos attract new customers into the casino with generous deposit bonuses. The first deposit bonus is a gift that warmly welcomes a new player into a casino after his first deposition. Even though almost every casino offers bonuses, a small research between casinos always pays off in the long run: the amount of bonus money and the generosity of different deposit bonuses varies hugely between different casinos even with two or three hundred percent.
Best Deposit Bonuses of 2020
We help you to find absolutely the best of the casinos and deposit bonuses as our website offers the latest news on offers and welcome bonuses in different online casinos. The information table we collected from 2020’s most popular casinos shows the best deposit bonuses and other amazing welcome bonuses for new customers.
What Does a Deposit Bonus Mean?
A deposit bonus is a gift the casino gives as a welcome bonus for a new player when he deposits money on the casino for the first time. Typically, a deposit bonus is some percentage of the first deposit but sometimes, instead of a bonus percentage, casinos give directly a sum of bonus money.
Usually, a deposit bonus total is some hundreds of euros and it is deposited on a player’s casino account to be used on casino games. Alongside with a deposit bonus, casinos usually grant customers with a generous bunch of free spins. Free spins are an excellent bonus as with free spins customers get an access to real profits. Most generous casinos offer no deposit free spins and a player’s only job is to create an account for himself. Read more about free spins .
The most typical bonus percentage
Most often, a new customer gets a deposit bonus as a bonus percentage. The most typical bonus percentage is 100% but the most generous casinos offer even 200% or 300% deposit bonuses.
A bonus percentage is counted accordingly to the first deposit a customer deposits on his personal casino account. If a casino gives e.g. a 100% deposit, a player doubles his first deposit. A 200% deposit bonus triples the money and with a 300% casino bonus a player gets in his account four times more money than the original deposit was.
Casino bonus – example
Let’s have an example to fully understand how the deposit bonuses work.
If you deposit 100€ on your casino account and your deposit bonus is 100%, the casino gives you a 100€ bonus money to be used inside of the casino. With this deposit bonus, there is now 200€ in total in your game account. A 100% deposit bonus is the most typical bonus among online casinos with which casinos allure new players to create a game account in the casino.
However, some casinos go further and offer even a 200% or a 300% deposit bonuses for new customers. With 100€ and a 200% deposit bonus a player gets 200€ bonus money on his game account. With a 300% deposit bonus his account is replenished with 300 euros.
Are Deposit Bonuses Endless?
Unfortunately, casino bonuses will not themselves fill your pockets as most of the casinos put a maximum limit for deposit bonuses. With this, casinos protect their own economic interests: in case there was no maximum limit for the deposit bonuses, casinos bank accounts would be very fast empty because of paying deposit bonuses for customers all around the world. The deposit bonus limit means that any sum that exceeds the limit will not be compensated for a customer.
Let’s take a practical example to enlighten the matter.
If a casino has set a deposit bonus limit on e.g. 200€ and you want to deposit 300€ on your account, the casino will ignore the extra 100€ in the bonus compensation. This means that the amount of the compensation will be counted from 200€ only. If a casino offers you a 200% deposit bonus and you deposit 300€, you will get a total of 400€ deposition bonus from the casino on top of your own money.
Read Carefully the Rules of Casino Bonuses
Deposit bonuses are often called also first deposit bonuses or reload bonuses. These three terms have slightly different meanings. While deposit bonus is a general term for all kinds of bonuses, first deposit bonus means a deposit bonus addressed to new customers only. With a first deposit bonus a new player gets an access to the games offered by an online casino.
A reload bonus for their part is meant for old customers who already have an account in the casino. Usually, casinos inform customers about reload bonuses personally via e-mail or some other personal medium. Alongside with these two types of deposit bonuses, some casinos offer huge deposit bonus packages that require multiple deposits from a customer.
The most crucial thing about casinos
There are some important matters about casino bonuses that every player should pay attention to. The most important rule in the world of online casinos is the wagering of bonus money.
Wagering requirement means that bonus money given by a casino must be “recycled” through some specific games before it can be used freely in or outside of the casino. The recycling requirement is typically 30–50 times more than the original bonus.
Practically this means, that with a 100-euro bonus a player must invest 3000–5000€ in some freely chosen game to be able to draw the money. The refund percentage of the game and the amount of recycling requirements set the advantage for the player of for the casino.
Different casinos have different policies
Different casinos have different policies with the usage of bonus money, and therefore it’s important that every player reads carefully the guidelines of the chosen casino. When the rules are clear, a player is spared from unpleasant surprises and can freely focus on happy moments with playing.
Another important rule sets limits for the game selection accessible with bonus money. Bonus money is usually not free to be used in any game even inside of the casino. The main group of games excluded from the accessibility of bonus money consists of double-or-quits-type of games.
From a casino’s point of view the reason for this limit is crystal clear: with a little bit of luck, it would be very easy for any player to multiply the profits of a bonus deposit in a blink of eyes. However, bonus money is free to be used in many familiar games, such as poker as well as arcade games. In their bonus offers, casinos inform in detail about the game collection available with bonus money.
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