Your Golden Ticket to the Best Casino Match Bonuses in 2023
Updated At: Aug 31, 2023, 11:52 am
Created At: Jul 30, 2023, 10:41 pm
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Up to $1,000 in total bonuses
Why We Picked It
- Borgata lives up to its reputation
Pros & Cons
- Nice Game Selection
- $1000 First Deposit Bonus
- MGM Loyalty Benefits
- Not many big progressive jackpots
- No Mobile APP
- No Instant Withdrawals
Up to $520 in total bonuses
Why We Picked It
Pros & Cons
- Daily Jackpots
- Slick website
- Top mobile casino App
- Incredible game selection
- High wagering on welcome and no deposit bonuses
- Not many withdrawal options for US players
Up to $1,250 in total bonuses
Why We Picked It
Pros & Cons
- Regular Promotions
- Big Deposit Bonus
- Only one game provider
- Very high minimum deposit
- Unclear Bonus Terms
- Lack of payment options
Table of Contents
Casino Deposit Bonuses
So what is a Deposit Bonus?
As you'd imagine, deposit bonuses and deposit-based casino promotions come in all shapes and sizes, but some principles of a deposit bonus will remain the same. Whether it's a Casino Welcome Bonus you're opting into, a one-off bankroll booster promotion, a reload bonus, a Free Spins Welcome offer, or one-off deposit match bonus promotions, these all share one main characteristic: they all require that you make a deposit and fulfill betting requirements to add value to your casino deposit.
Important deposit bonus knowledge base
It's always good to add value to your bankroll when playing at an online casino. Please make the most of their deposit offers but be aware that not all casino deposit promotions add as much value as you think. The best deposit bonuses give you a genuine opportunity to play with additional funds and cash out a big payout at the end of your session. The worst deposit bonuses, offered by the less reputable online casinos, tend to make it nearly impossible to convert your bonus money into hard cash – through challenging wagering requirements and game restrictions. So, when signing up to get value out of a casino through its deposit bonuses, always remember the following tips:
- Read all of the Terms and Conditions related to the deposit offer
- Check which games are restricted from the deposit bonus offer
- Ensure that the casino has safe banking methods available
- Never deposit at an unlicensed online casino site
- Calculate the Total Turnover of your bonus funds for it to be withdrawable
Extra casino chips are a great way to get more bang for your buck and have longer gaming sessions. But ultimately, you also want to have fun and have the chance to cash out your winnings.
Different Deposit Bonus Formats
While within each category of deposit bonus types, the online casino offering these bonuses can have a variety of different mechanics, such as wagering requirements, game restrictions, time limits, and other factors – but as a general guide, these are the most popular kinds of casino deposit bonuses you'll find online:
Welcome Match Deposit Bonus
When you see a 100% up to $1,000 type bonus advertised at an online casino, the mechanics will be along the lines of the following: Sign up, Opt into the Welcome Bonus, get a 100% Bonus to the value of your deposit (capped to a certain amount), then play through the wagering requirements to convert the Bonus funds into cash that you can withdraw or play with as real money. The deposit match bonus is the most common type of deposit bonus, and you'll find this is the standard Welcome offer across the majority of online casinos online. Whether it's got a hefty price tag like $1,000, or a modest one such as $100, the idea will be the same.
- Opt-in (or enter bonus code or promo code)
- Receive your Bonus
- Play through the wagering requirements (on average from 10X-30X on slot games.)
It may be one large offer or a series of smaller ones to use across your first few deposits. Make sure to claim one of these when you make your first deposit.
Multi-Deposit Bonus offers
Much like the Welcome Match Bonus, when you see a multiple deposits Welcome Bonus offer, you will be eligible to get bonuses on two or more deposits after signing up at an online casino. One of the biggest we've come across, for example, allows players to get deposit bonuses on their first nine deposits – varying from 100% to 25% on amounts ranging from $100 – $25. These offers can be great if you're looking to stay with a casino long term, as long as the casino's wagering requirements are not too harsh.
Casino Chip Reload Bonuses
For players who have played through their Welcome Bonus offer and want longer-term offers, the Casino Reload Bonus is a good option. Many casinos offer these promotions on a rolling basis, either once a week, once a month, or even daily. After making a new deposit at the casino and opting into the reload bonus, a player will get a Reload Bonus to top up their bankroll. Before the reload bonus can be converted into cash, there will be wagering requirements to play through, similar to the Welcome Bonus requirements, after which the reload bonus can be converted into real money and a payout in real cash to your account.
Deposit Bonuses tied to game
Finding a deposit promotion tied to a specific slot or game is becoming increasingly common. Usually, these bonuses work because after making a deposit and opting into the bonus, your deposit will trigger Free Spins on a slot game. The slot machine will often be a game the casino wants to push. There are more and more table game-specific deposit bonus promotions going live, though, emphasizing Live Casino games, where a cash bonus can only be played on Live Roulette or Blackjack. If signing up for one of these bonuses, ensure you know which game is eligible and check that the wagering requirement is achievable.
Refer-a-Friend Deposit Bonuses
We don't think of a referral bonus as a deposit bonus. Still, as a standard referral offer, you will receive a bonus or direct cash amount from a casino when you refer a friend who goes on to make a deposit and plays at the online casino. The referral bonus can be a great way to add extra casino chips to your bankroll if you would recommend the casino to a friend.
Calculating Casino Deposit Bonuses
Our first instinct is to sign up and get going as soon as we've got our casino bonus. But our advice is to do the groundwork before you get snagged with some deposit bonus that's impossible to cash out, even after you've won big. One of the best ways to be sure that a casino bonus will add value to your next deposit is to carefully read the terms and conditions and calculate how hard it will be before you can enjoy any casino winnings as real cash.
Bonus Match Rates and Deposit Bonus Amounts
The rate at which an online casino matches your deposit amount determines how much of a bankroll you'll have to play with after you've made a deposit. For example, you'll find the most common deposit bonus match rate is 100% up to $100. This means that after making a qualifying deposit at the casino and opting into the promotion if you deposit $50, you will get an additional $50 in bonus funds to play with. If the promotion gives you the chance to earn 50% on your second deposit, you can get $25 on top of your next $50 casino deposit.
Don't be fooled by the biggest bonus numbers
We strongly recommend that if you're drawn to a big deposit bonus number, like $4,000 on your first deposit – very carefully check the terms and conditions. While it's not always the case, the less reputable casinos very often draw new players in with massive dollar amounts, which players have almost zero chance of cashing out or turning into cash.
Wise up to Casino Bonus Wagering Requirements
Most online casino players know about wagering requirements by now, but it's what has caught out many new players in the past. A wagering requirement is the set amount a casino determines you must play for before the bonus in your casino account becomes your cash or casino chips. The wagering or playthrough requirement usually varies within the 20-50X range for Welcome Bonuses and is sometimes less – in the 5-15X region for bankroll boost or bonus reload promotions for existing players. Always (always!) check the wagering requirements before depositing and playing with a bonus at any casino.
Wagering Requirements example
For example, let's look at an average wagering requirement of 30X on a 100% Welcome Bonus. If you deposit $20 and get a $20 Bonus to play with, the 30X playthrough or wagering requirement means you have to bet $600 before the bonus funds turn into real cash you can withdraw.
Be on the lookout for Bonus Codes
One of the sure ways to know you're getting the casino bonus deal you signed up for is if the casino publishes a Bonus Code or Promo Code on its site. Within the promotions pages or during the casino registration process, you will be prompted to add a code to qualify for the deposit bonus.
Casino Deposit Bonus Faqs
Frequently Asked Questions
What is a casino deposit bonus?
A Casino Deposit Bonus is an incentive from the casino to deposit and get a bonus amount back, so you play with a bigger bankroll. The standard deposit offers are for new players and tend to be in the 100% up to $100 region.
Can I cash out my casino bonus?
A casino deposit bonus will come with various conditions. The most common of these will be the wagering requirement. After getting your bonus money, you will have to play through that amount several times before it can be used to withdraw or play as real casino cash.
Where can I get the best deposit bonus?
Many different casinos offer a wide range of casino deposit bonuses. We recommend reading their terms and conditions to ensure the wagering is not too high. Otherwise, it won't be easy being able to cash out. The best thing to do is look at various casinos and compare them before you sign up and make a deposit to bet.
What are wagering requirements and playthrough requirements?
To ensure players do not simply cash out the casino bonus, an online casino will impose a playthrough or wagering amount attached to the casino bonus. This way, they make sure that a player places a bet on a casino game, before simply cashing out. The best casino bonuses make this achievable. A casino bonus with above a 40X wagering requirement, is asking you to bet a lot before you can play with the real money. After the requirements have been met, the bonus will convert into real money that can be cashed out or played with at the casino as cash.
Can a casino bonus be wagered and turned into cash?
Different casinos make it easier or harder, depending on the wagering requirement they set for the casino bonuses. For example, the best low wagering requirement for an online casino deposit bonus would be around 15-20X. Anything lower than this, you are getting a good deal. However, if you are being asked to wager and bet anything above 40X, the casino makes it particularly hard to turn your bonus into cash and withdraw. If you like to bet on slots, they usually count towards the full contribution of wagering, whereas there are other gambling games that only count for a small percentage, making it harder to turn your bonus into cash.
Is every online casino game eligible for the casino bonuses?
Casino bonuses are usually restricted to specific casino games. In many cases the online casino will make a bet on live casino games, roulette, blackjack and other tables games count less towards to casino bonus contribution than a slot game, which is usually counts towards 100% of the wagering requirement. So, check the terms, because not all real money games at a casino count towards the casino bonus. Jackpot games, and sometimes video poker games might be excluded from the bonus. Slot games, more often than not, are where you’ll get an advantage, because they do not come with the same bonus restrictions as table games.
Will a casino withhold winnings if I don't complete wagering at the online casino?
Casino bonuses are not affected by the amount you win. If you bet $1 and win $1,000,000, you will still need to complete the terms set for the casino bonuses. Before the wagering requirements on a casino bonus are complete, any winnings you make from the online casino will still be subject to the Terms and Conditions. So, you will still have to continue playing, regardless of how much you may have won at the online casino.