Deposit Bonuses – Good or Bad ?
Deposit bonuses are offered by most online casinos as an incentive for new customers to signup and deposit, but are they worthwhile and how do you evaluate them?
There are a number of different types on offer:
No Deposit Bonuses
No Deposit Bonuses are risk free and a good way of deciding whether a site or particular game is one you want to play at. As the name suggests, it does not require you to deposit any cash and you get a balance to play with, right after you sign up.
So why are they offering you free money? In short, to try and get you interested in their casino and games. Letting you try before you deposit your own money is a great way for them to showcase what they have to offer. By registering, the casinos have the chance to communicate further with you and hopefully convert you into a depositing customer.
The wagering requirements for these kinds of promotions though are usually quite high, you will need to play the bonus through multiple times in order to cashout (see our page on wagering requirements), so it’s unlikely that you will come out very much ahead. If you want to play though, why not. It hasn’t cost you anything!
Deposit Bonuses rely on you making a deposit. This can be pretty small in order to qualify, but, in general, the more you deposit, the bigger your bonus. Some casinos offer a matched bonus or 100% Bonus: Deposit £50 and get a £50 bonus. Some offer a lot more: 200% or even higher. Again, if you intend to play at a casino anyway then it makes sense to take the free offer but it’s worth looking at the wagering requirements: anything more than 30X and you would be better looking for a no deposit or free spins offer.
Free Spins Bonus Offers
Free Spin Bonus Offers are also pretty popular. They are either tied to deposits or no deposit offers. They tend to occur on specific slot machines: Starburst is a pretty common slot to receive free spins for. Once a player has registered (or registered and deposited for Free spin deposit bonus), and accepted the bonus, they will have a certain number of playing rounds at a given slot. The spins all have a set value and tend to be quite low: 10-20p per spin. On the plus side, you could expect to get about £10 if you are lucky and that gets credited directly to your bonus account. You will then be expected to fulfil a wagering requirement before you can withdraw.