More experienced players always value a good first deposit bonus when playing at a new online casino, since it will increase their chances of hitting a big payout.
Casino Bonus promotions are without a doubt one of the most attractive features of online casinos. This is what separates a land based from an online casino.
You can’t walk into a brick and mortar establishment and ask for a welcome bonus package. On the other hand that’s exactly what you get as standard at online casinos.
What is a first deposit bonus?
This is a bonus promo which the player can claim once they make a deposit at a casino for the first time.
The first deposit bonus can come in the form of a no deposit bonus or free spins. The value varies from one operator to another. At one casino you can have a 100% match deposit bonus for your first deposit, while at another it can be a 500% match.
If the sign-up bonus is in the form of free spins the number usually depends on the amount you deposit. So for example if you make a $50 deposit you will get 50 or 100 free spins, while bigger deposits can bring a bigger number of free spins.
Claiming the first deposit bonus amount
A lot of players, especially newbies, look at the first deposit bonus as a great chance to make a small deposit, claim the bonus and give the games a try. But if you talk to experienced online players they will tell you that this strategy is a mistake.
You see, when it comes to online casinos, the first deposit bonus is usually the most attractive promo the casino has in its offer. The purpose is to attract the player to make a deposit.
This is why it’s always better to make a bigger deposit or claim the maximum bonus amount. It’s more likely that you won’t get another attractive promo like the first deposit, so it’s always a good idea to take full advantage of the promotion.
So, if your current bankroll permits it, find a bonus code which will allow you to claim the maximum amount. This way you will have a much bigger starting balance and you can play with higher bets on the casino games.
If you hit a big payout from the start meeting the wagering requirements will be a piece of cake. After you clear the wager you can easily withdraw your winnings.
Sign up and deposit bonus terms and conditions
As good as these promos are, they come with certain terms and conditions which the player needs to follow at all times. I cannot stress how important this is, since the casino has the right to void your winnings if you are in breach of some of their terms.
In order to avoid this, make sure to take the time and read through all of the terms associated with a promo, before you claim it. This way you will have a clear insight of what is required from you as a player and what you need to keep an eye out for as you play at the casino. Some of the most common terms about the first deposit bonus are:
The wagering requirement is the amount you need to stake in order to clear the wager. So, if the first deposit bonus is $100 and comes with a wagering requirement of 40 times the bonus amount, you will need to make bets in total of $4,000 before you can withdraw your winnings.
But at some online casinos the bonus and cash funds are kept separate, so if you win from the start without touching your bonus balance, you can cancel the bonus and withdraw your winnings.
Maximum allowed bet per spin/hand
At most online casinos the maximum allowed bet per spin while playing with bonus funds is $5. But this value can differ from one casino to another, so always make sure to see what it is in order to avoid any problems.
Allowed and forbidden casino games
All online casinos have a list of forbidden games which you can’t play while you have an active bonus on your account. Make sure to see what they are and don’t play them until you clear the wager or, again, the casino can confiscate your winnings.
Allowed payment methods to claim the bonus
At some online casinos the first deposit bonus cannot be claimed with deposits made via Neteller, Skrill, PayPal or Paysafe Cards. This is why it’s important to read the terms first, before you make a deposit. If you make a deposit with a forbidden payment method the bonus won’t be added on your account. In addition you will need to wager your cash funds 1-5 times before you can withdraw them.
Avoid Sticky Bonuses
Yes, in general Sticky Bonuses should be avoided, even if it’s a first deposit bonus. At some casinos, the bonus can be awarded as a Sticky Bonus, which means the initially awarded bonus funds will be removed from your balance when you make a withdrawal.
So if the bonus was $200 and you made a $500 withdrawal in the end you will only get $300 from your withdrawal.
Can I cash out all of my winnings?
This also depends on the casino in question. At most online casinos there is no maximum cash out limit from the first deposit bonus or any other deposit bonus for that matter.
But, at some online casinos there can be a maximum cash out limit which can be 10 or 20 times the deposit or bonus amount.
At other online casinos the maximum cash out limit can be $5,000 or $10,000. It all depends on the casino and this is another reason why you should carefully read all of the terms.
Not ready to claim your bonus? Try these no deposit casinos