What is a Matching Deposit Bonus Precisely?
One of the top favorite online casino bonuses out there today is commonly referred to as a matching deposit bonus, or simply match bonus, but precisely what is it?
In this section, you will see a more detailed look at how you can proceed with claiming a match bonus casino deals when opening an account on a fully licensed online casino. You can also learn a little about wagering requirements (aka playthrough requirements) that are usually applied to bonuses that you might have to meet before it will become feasible to withdraw any winnings that you might earn from your bonus.
What is a matching deposit bonus?
A deposit match bonus (also known as a match bonus, or deposit bonus) is an offer made by operators of online casinos to new customers when they register, and it's the most common type of online casino bonus. In short, it's that the casino will match your deposit by a set percentage and up to a certain amount. As an example, you'll typically receive a 100% deposit bonus match worth anything from $/€/£50.00, $/€/£100.00, $/€/£500.00, or more (or currency value equivalent). 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
- One great way to try the games with practically no risk as it's free bonus money
- The match bonuses today have rather reasonable wagering requirements that shouldn't take long
- Strings-free, and you can win big from your matching deposit welcome bonus
- You may use deposit bonuses when replenishing your account with Visa, MasterCard, PayPal, Paysafecard, NETELLER and several other well-reputed online payment methods
- Deposit bonuses can be used whether you register to the casino from a smartphone, tablet, laptop, or desktop computer
How do matching deposit bonuses work?
It's very simple, and it can typically only ever be used on your very first real money deposit at the casino. Here's a quick example. If the casino is giving you a 100% match bonus of as much as $/€/£250.00, then what that implies is that the casino company will give you as much as $/€/£250.00 free bonus cash. So if you accept the maximum bonus and deposit the full amount of $/€/£250.00, then you would be receiving $/€/£250.00 bonus cash in addition to your deposit. If you had deposited $/€/£30.00, then you would receive $/€/£30.00 bonus cash in addition to your deposit, and so on.
What are wagering requirements?
You couldn't simply cash out your bonus balance. If you could, all players would cash it out as soon as they receive it, and casinos would be out of business in one night. Instead, you have to fulfill wagering requirements over a certain period of time (one day, one week, or perhaps even one month) by wagering your bonus balance X times. If you complete the wagering requirements and still have winnings from your bonus leftover, those winnings are yours to keep with zero restrictions.
These days, standard wagering requirements of the most online casino bonuses are worth something between 35x and 45x times the bonus size. You normally also need to bet the deposit size to achieve the rollover requirements. So, keep in mind, the lower the rollover requirement, the better it's for you as a player.