What are online casino deposit bonuses and how do they work?
Casino deposit bonuses vary wildly from one casino to the next, from bonuses totalling less than $100 to those stretching into thousands. Don’t judge a bonus solely by the dollar figure though, as the terms and conditions have a crucial role to play in determining the value of one bonus offer over another. Luckily, we have done the research so that we can give you the edited highlights and let you know whether a casino deposit bonus is worth accepting or not.
1. Deposit Bonus or Welcome Bonus
- Matching your deposit by a percentage
- Wagering requirement to withdraw
- Bonus code may be required, but not often
- Usually expires after stated time period
2. Reload Bonus
- Matching deposit bonus
- Unlike welcome bonus, can recur many times
- Wagering requirements apply
- Bonus code may be required
3. No Deposit Bonus
- Deposit not required
- Wagering requirements apply
- Often only offered to VIPs
- General offers usually limited to small sums
4. Cashback Bonus
- Percentage of gaming losses repaid
- May require membership of VIP programme
- Wagering requirements normally between 1-10%
The Casino Gorilla’s deposit bonus comparison has been sorted into the following categories:
- Bonus percentage
- Maximum bonus amount
- Bonus wagering requirements
- Free spins
- Other bonus terms
Example of a bonus
The most common bonus on offer from online casinos is the deposit bonus – and often this is the one which makes up the bulk of a new player welcome offer. The deposit bonus matches your first – and sometimes as many as your first four or five – deposits by a percentage or series of percentages. There will be a maximum bonus which can be claimed, and you will have to complete a wagering requirement before you will be able to cash out your bonus. Let’s take a hypothetical example from a made-up site called ‘Banana Casino’:
In order to attract new players, Banana Casino offers a maximum bonus of $500, based on the players first three deposits as follows:
- 1st Deposit: 100% matching bonus up to $100
- 2nd Deposit: 25% matching bonus up to $200
- 3rd Deposit: 50% matching bonus up to $200
That means that in order to claim the maximum $500 available in bonus funds, you would need to make deposits worth a total of $1,300 over your first three deposits.
Bonus Wagering Requirements
In days gone by, it was possible to instantly take out casino bonus funds awarded to players. Online casinos soon cottoned on to the problems with that business model, and these days you must use make a certain amount of bets before you can withdraw your bonus. This is referred to as the ‘wagering requirement’ to release your bonus and is a multiple either of the bonus alone or of the deposit plus bonus. A typical example might be a wagering requirement of x40 your bonus. This means that if you took our full Banana Casino bonus of $500 that you would have to play through a total of $20,000 before it could be withdrawn. It’s not easy, but with a bit of luck on your side and by playing games with a high return to player, it is certainly possible.
How to find a good deposit bonus to an online casino
When trying to find the best deposit bonuses for an online casino, the size of the bonus and the wagering requirement are two of the most important factors to take into consideration. Some casinos offer big bonuses, but with wagering requirements that are too difficult to complete in a limited time period. At Casino Gorilla we search through all the terms and conditions, so you don’t have to, and let you know the best bonus offers around.
Deposit bonuses of new and old online casinos
Whether it’s a bonus from one of the longest standing online casinos like Betsson, or a newbie like Cashmio, we have all the information you need on the best deposit bonus offers. When you are thinking of opening a new casino account – and there’s nobody stopping you from opening as many as you want! – then let Casino Gorilla be your guide to the best bonus offers.
Deposit bonuses for old players
With all those flashy advertisements for big money welcome bonuses, it is easy to forget about the existing players at an online casino. But fear not, the Casino Gorilla has got your back! We will keep you up to date with all the promotions that are available after you sign up with an online casino, because it’s not all about the welcome bonus.
Are online casino deposit bonuses scams?
People are wary of casinos that offer free money, thinking that there must be something fishy about such a deal – but offers like this are certainly not scams. Casinos want to attract new players, and offering welcome bonuses is a great way to do this. It is true that the wagering requirements attached to some bonuses is much more difficult than others, but even when it is very difficult to withdraw bonuses at least you are getting to use the casino’s money to check out the site. The Casino Gorilla will put you on the trail of the best bonus offers around, and you can trust us to get you the best deals out there with the fairest wagering terms.
First deposit bonuses to mobile casinos
These days, online casinos are created to be fully playable on mobile devices like smartphones and tablets. Not only that, many casinos will offer bonuses specially to encourage mobile players to sign up. At 600-pounds the Casino Gorilla may not be the most mobile of apes, but he knows a good deal for mobile players when he sees it and we will list the best ones here for you.
How would you like a bonus which doesn’t even ask you to make a deposit? No-deposit bonuses can be tricky to find these days, but if it’s out there we will be sure to list it on these pages. Play with house money without risking a penny of your own when you claim your free no deposit bonus.
The Casino Gorilla deposit bonuses are always up to date
There is nothing more annoying than trying to claim a casino bonus only to discover that it is out of date, and that the new promotion isn’t up to scratch. The Casino Gorilla knows how that feels, which is why we keep a careful eye out to ensure that we only show you the latest bonus offers on these pages.