Matched Deposit Bonus in a Nutshell
It comes as no surprise players often choose their casino according to its bonus selection. Read on to learn what to be aware of regarding a casino’s deposit match bonus.
If you pick a decent gambling platform, you’ll be getting matched deposit bonuses regularly. They come in various shapes and forms, and they serve to boost your deposit. As a result, you’ll get the chance to enjoy games and explore the casino’s library for longer.
What Is a Matched Deposit Bonus?
Casino bonuses are products used for marketing purposes. A gambling platform that lacks them will have a difficult time attracting new players. On the other hand, extensive bonus selection will cause many gamblers to sign up, at least to get the casino welcome offer.
Simultaneously, players who obtain the bonus will get to play games for longer and have more fun. If fair, bonuses will provide you with an exciting experience. Therefore, both online casinos and players can benefit from promo offers.
How Does a Matched Deposit Bonus Work?
A deposit match bonus is the most common offer you’ll find at online casinos. Simply put, it tops you up with extra cash. This deal includes a specific percentage of the money you deposited. Thus, the bonus amount depends mostly on the deposit you made.
For example, if you deposit 50 NZD and claim a 100% matched bonus, you’ll get 100 NZD in total. The percentage can be greater or lower than 100%. Also, there’s always a maximum bonus amount.
So, let’s say a matched bonus comprises 100% of your deposit of up to 300 NZD. If you deposit 300 NZD, you’ll receive double that amount. However, if you deposit more than that, you’ll still get 300 ZND.
How to Claim and Use a Matched Deposit Bonus?
If you’ve found an adequate online casino that provides a bonus of this kind, you can easily obtain it. However, you need to meet specific terms first. Some promo deals are available only to particular players. For instance, welcome bonuses are reserved for recently registered players.
Regular deposit match bonuses are also accompanied by a set of terms and conditions. Naturally, there’s always a minimum deposit required. In most cases, it ranges from 40 NZD to 100 NZD. The minimum deposit limit is not supposed to be too high.
Sometimes, you may need to take additional steps to claim the deal. For example, you may need to enter a particular promo code, contact customer support, or both. Either way, the process of claiming the matched deposit bonus isn’t long or confusing.
If you’ve successfully obtained the bonus offer, you have to use it on the casino’s terms. A legitimate casino must outline all the terms under the appropriate section. Therefore, you can get informed about the time frame, the maximum stake limit, the game restrictions, and the wagering requirements.
Players sometimes don’t get informed on time. Needless to say that skipping this step results in disappointment. If you have no idea about the bonus rules, you won’t know how to use them. Bonus terms differ from one venue and promo offer to another. Hence, you should always check out the terms of an individual bonus, as well as the general rules.
Wagering Requirements for Matched Deposit Bonuses
It’s hard to find this type of deposit bonus without a wagering requirement. If you get lucky enough, you may encounter a wager-free deal, which is extremely rare. So, in most cases, you’ll have to deal with wagering requirements when claiming a casino bonus, regardless of the type.
Again, the casino is obligated to inform players about the bonus wagering requirement. Namely, you should find this piece of information under the General Bonus Terms and Conditions section. If not, the bonus description should contain it.
Thanks to the wagering requirement, the bonus won’t feel like free money (which it definitely isn’t). Players have to meet it if they plan to withdraw their winnings. The wagering requirement varies from one casino to another. Also, it depends on the bonus type.
When it comes to the matched deposit bonus, the wagering requirement may be anywhere between 20x and 50x (anything higher than that would be unreasonable). Simultaneously, it may refer to both the bonus and deposit amount or only the bonus. Overall, it’s way better if it’s lower than usual and refers only to the bonus amount.
So, let’s say you obtained a 100% bonus of up to 200 NZD. You deposited 200 NZD and got double that amount. The deal is subject to the wagering requirement of 30x the bonus amount. So, you have to roll over your 200 NZD 30 times before withdrawing. Accordingly, you need to make 6,000 NZD before you complete the requirement and get to withdraw your winnings.
Now, you may have claimed the same deal with a wagering requirement of 35x. It refers to both the deposit and bonus amount. In this case, you need to play through 400 NZD 35 times. Therefore, you can’t obtain your winnings unless you make 14,000 NZD.
Matched Deposit Bonus Types
Online casinos usually have several different types of deposit match bonuses. They all work in the same way but come with diverse terms and requirements. The welcome offer is the first type. It may consist only of a match or include some free spins. In most cases, welcome offers comprise both free spins and a matched bonus.
In addition, the reload bonus is often the type of a matched deposit deal. Just like a welcome offer, it may comprise a matched bonus, free spins, or both of them. Other bonus types, such as VIP deals, come in the same form, which often includes the percentage of a deposit.
What makes these bonuses different is the set of rules. For instance, the welcome offer is available only to new players. However, reload bonuses are mainly reserved for gamblers who play at the casino frequently and regularly.
Simultaneously, diverse bonus types have different purposes. As the name suggests, the welcome offer is there to attract potential players to the platform. On the other hand, reload bonuses serve to keep the regular players as clients. In addition, VIP bonuses reward loyal and persistent players. However, all of these promo offers are, in effect, matched deposits.
Payment Methods and Withdrawal for Matched Deposit Bonuses
As previously mentioned, the matched bonuses have a minimum deposit requirement. Therefore, you need to deposit and use one of the payment methods available at the casino for this purpose. Numerous online casinos will provide you with various banking options when it comes to both depositing and withdrawing.
Nonetheless, the casino may require you to use a specific deposit method to claim the bonus. Also, it often restricts players from using some of the deposit options for obtaining the promo deal. Therefore, you may find a term explaining that the players who have used Skrill, Neteller, or Paysafecard for depositing can’t qualify for the welcome offer.
In addition, you should be able to withdraw your winnings with any of the methods available. However, some online casinos require you to use the same method for both depositing and withdrawing. Also, you won’t be able to cash out at all if you haven’t completed the wagering requirement. Accordingly, you should be familiar with these requirements and rules before depositing or withdrawing your funds.
Differences Between Deposit and No Deposit Bonus
Matched deposit bonuses are available at most online casinos. However, a no deposit bonus is more challenging to find. Since it has no minimum deposit requirements, this type of deal is as rare as it is sought after.
The no deposit bonus works differently than the matched one. It can’t boost your deposit because there’s no deposit involved in the first place. Therefore, this bonus usually includes a small number of free spins or an insignificant amount of cash.
What’s more, the wagering requirement for no deposit bonuses is usually higher. Thus, you’ll have a difficult time meeting it. On the other hand, a deposit match bonus comes with more reasonable terms and rules. However, you need to pay for it to get it.
A matched deposit bonus is the deal you’ll come across most often. Since it’s meant for you, there’s no need to avoid such offers. A matched bonus will top up your deposit and boost your entire experience. However, if you want to get a fair deal, you need to find a legitimate and reputable online casino.
Best casino bonuses are the ones that come with fair and reasonable terms and rules.
If it’s a fair deal, a casino bonus is worth your time and money.
A matched deposit bonus provides you with a specific percentage of your deposit.