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Foreword: In the world of online casinos, the deposit match bonus reigns supreme. This unique class of bonuses rewards players for depositing a specified sum of money at the casino. The most common deposit match bonus is a form of welcome bonus. The rationale behind deposit match bonuses is simple: The online casino rewards depositing players with a matching bonus. Regarded by many as the ultimate free credit, a deposit match bonus is actually predicated on a complex set of terms and conditions. Casinofy provides expert advice on deposit match bonuses, including the attendant T&C. Every single deposit match bonus requires a minimum deposit amount to be made. There is a cap on the bonus, which determines precisely how much the casino is prepared to match on this type of deposit.
Intense competition among online casinos benefits players in many ways. For one thing, online casino players have carte blanche to choose where they wish to deposit and play real money casino games. Promotional offers feature prominently in player estimations, so much so that players will specifically pick out online casinos with generous deposit match bonuses. Of course, it’s easy to be swayed by seemingly generous offers. Casinofy experts underscore the need to thoroughly examine all aspects of the deposit match bonus before signing up. Generally speaking, one might find a deposit match bonus ranging from 50% all the way up to 300% + of the deposit amount, up to a specified dollar value. A classic example would be a 100% deposit match bonus up to $100. In such a scenario, a player depositing $100 would receive a dollar for dollar deposit match bonus up to $100. In effect, the player has $200 worth of bankroll to enjoy online casino games with.
Is there a catch? Every offer that sounds too good to be true is generally associated withterms & conditions that players must meet in order to withdraw their winnings from the bonus. Provided you have met these requirements, you should have no problems cashing out your winnings. Be advised that the playthrough requirements oftentimes necessitate substantial wagering amount to take place – this should always be evaluated against the winnings you are trying to withdraw. For example, if you are required to wager $10,000 in order to cash out $200 in slots winnings from your bonus, you may want to think twice before doing so. Players chasing down monster-sized jackpots will have no problem making the decision to wager $10,000 on slot machine games in order to cash out a $20,000 jackpot!
From a cursory reading, a Deposit Match Bonus appears to be a singular promotional offer. However, these types of bonuses come in a variety of forms, each of which is tailored to a specific type of player. As a real money player, your objective is to maximize the ‘buying power’ of your money by stretching your cash as far as possible. The most effective way to do this is by way of deposit match bonuses. A few points are worthy of mention: The house edge ensures that the casino always wins in the long term. As a player, your focus must be on the short-term, where you will enjoy a significant advantage over the casino. Given that it is entirely possible to win real money playing slots, blackjack, baccarat, craps, keno, video poker, or scratch cards, the focus should be on maximizing traction of your bankroll:
As a new player at an online casino, you may be offered a deposit match bonus. Several different types of deposit match bonuses are available, including a first deposit bonus, a second deposit bonus, a third deposit bonus, a no deposit bonus, free spins promotional offer, or free credits. A classic example of a Welcome Bonus is a 50% First Deposit Bonus up to $100 (50X playthrough requirement). A $100 deposit would have to be wagered 50 times for a total of $5,000 before any winnings from the bonus could be redeemed.
Similar in many respects to welcome bonus, a deposit match bonus on a first deposit a.k.a. a First Deposit Bonus offers a match bonus on the player’s first deposit only. An example of such a bonus is: 100% First Deposit Bonus up to $200 (100X playthrough requirement). A first deposit bonus may be accompanied by additional offers such as Free Spins (subject to T&C). In the aforementioned example, a $100 deposit would have to be wagered 100 times for a total of $10,000 before any winnings from the bonus could be redeemed.
There are different types of deposit match bonus offers available to players, notably Cashable Deposit Match Bonuses andNon-Cashable Deposit Match Bonuses. The distinction between these two is significant, insofar as it determines precisely what players may or may not do with the bonus. In gambling parlance, a Cashable Deposit Match Bonus is ideal in that players can withdraw the entire bonus instantly. A Non-Cashable Deposit Match Bonus only allows the player to cash out the winnings from the bonus, subject to the T&C.
A promotional code is an alphanumeric string of letters/numbers associated with a specific offer. If a deposit match bonus requires players to input a promo code, this can be done at the time the deposit is made for the welcome bonus, or the first deposit for the first deposit match bonus. Once the code has been entered, the player may qualify for the attendant bonus. Regulated online casinos routinely post details of their bonuses and promotions. From time to time, an online casino may provide players with a specific or exclusive offer, including a promotional code. These promo codes are time specific, and relevant to a particular offer.
Deposit match bonuses are all designed to attract new online casino players. Loyal players (those who have deposited before) also benefit from deposit match bonuses by way of reload bonuses. Sometimes, deposit match bonuses are offered with Free Spins (T&C) on specific slots games for promotional purposes. A match bonus is available in many different formats, notably:
For the most part, match bonuses are offered to play slot machine games online. Not every casino game benefits from a deposit match bonus – since offers like free spins are only applicable to slots. The fine print is particularly important in this regard since it details precisely which games can be played with the deposit match offer. Ideally, the best of these promotions requires a low minimum deposit and a low attendant wagering requirement. The higher the bonus amount in fiduciary currency (USD, JPY, GBP, EUR, ZAR, CAD, NZD et cetera), the better.
Each bonus offer is subject to specific terms and conditions. At Casinofy, experts routinely scrutinize the details of these promotional offers to ensure that they are beneficial to players. Naturally, the T&C of individual deposit match bonuses will vary from one online casino to the next. It is incumbent upon players to use due diligence when selecting these types of promotions. Among others, players are advised to check the validity dates for the deposit match bonus offer in question. Sometimes, match deposit bonuses are valid on first deposits only, and a minimum wagering amount must be met before the player qualifies for the offer. In the case of a multi-deposit match bonus, the terms and conditions should clearly highlight the minimum amount for each successive deposit.
Equally important is the ‘cap’ or a limit in hard currency for the bonus. Every reputable online casino clearly lists a maximum bonus amount for the match deposit bonus. In certain cases, the deposit match bonus may not be used in conjunction with other promotional offers at the casino. For the most part, players will find that the bonus credits cannot be withdrawn i.e. they are non-cashable. Players will have to meet the playthrough requirements before any winnings can be withdrawn from the bonus. Once winnings accrue, they are invariably transferred to the online casino player’s account.
Players may be surprised to learn that certain games contribute more than others towards meeting the wagering requirements of a deposit match bonus. Slot machine games (video slots, classic slots, and jackpot slots) typically contribute the most towards meeting the wagering requirements. Other games like blackjack, craps, keno, and poker variants contribute minimally towards the wagering requirements. In non-gaming parlance, this simply means that you will have to bet more on games where the ratio is not 1:1 in order to clear the wagering requirements. This can become extremely expensive for players who are chasing small winnings off a deposit match bonus. By navigating to the T&C of a promotional offer, players will find information pertaining to the game contribution requirements.
Casinofy experts recommend that players carefully assess each deposit match bonus on its merits. As always, the devil is in the details – the terms and conditions of each deposit match bonus.