A Guide to Using Deposit Match Bonuses on Betting Sites and Online Casinos
By: Thomas Warren, Guest Contributor
July 3, 2023
Deposit match bonuses are a great way to improve the value of your betting, and they're also a great way to spend less money in the long run. These types of bonuses give you more bang for your buck, so they're definitely worth taking advantage of if you've got them available.
In this post, we'll explore how deposit match bonuses work and what you can do with them. And if you want to find the best casino operators offering them, check more reviews over at Wagering Advisors where plenty of deposit-match casino bonuses are listed. By the end of this guide, we hope that you'll be able to use these powerful bonuses in your favor so that you can save money on your bets—and have more fun with them!
What Are Deposit Match Bonuses?
A deposit match bonus is a free amount of money given to a player to bet with. This bonus can be in the form of free cash, free spins or free bets. It's usually given when a player makes a deposit, and it's usually given out based on how much you've deposited.
Deposit match bonuses come in many different forms: 50%, 100%, 200%...and sometimes even more! The operator will usually match your first deposit up to some percentage. This means if you make an initial deposit of $100 on a match deposit bonus of 100%, then they'll provide another $100 as well!
There are some things worth noting here, though:
- Not all operators offer this type of offer to new players;
- There are minimum amounts required for each bonus;
- There may also be maximum limits set by each operator which limits how much they'll give back.
Detailed Guide: How to Claim a Deposit Match Bonus
The first step to claiming a deposit match bonus is finding a casino that offers them. There are many sites out there with different types of bonuses that help maximize payout potential, so it's important to do your research before signing up for one.
Once you've selected a site that suits your needs, the next step is creating an account and opting in for their deposit match offer (if applicable). If there's no promo code section when creating an account, you just need to opt-in and move on to the next step.
Once you've made your initial deposit and received confirmation from customer support or via email (depending on how fast they respond), go back into the cashier area to check whether the bonus funds are in your account. This process is usually instant, and you will get the bonus funds within minutes. However, some operators can prolong this to up to 24 hours.
Then, when you receive them, you can start betting on your favorite sports event or playing your favorite game. But first, familiarize yourself with wagering requirements and how they can affect the value of the bonus.
Paying Attention to Bonus Requirements and Wagering Requirements
You'll also want to pay attention to the bonus requirements and wagering requirements to secure the highest payout potential. In some cases, you must meet wagering requirements before withdrawing your winnings. What are wagering requirements? They're the number of times you need to bet on each type of game before being able to cash out any winnings generated from the deposit match bonus itself.
For example, a casino may offer 100% up to $500 in free money but require a 40x playthrough (or "wager requirement") before cashing out any money from this offer. This means that if you deposited $100 into your account and then used it as part of an eligible bet at odds of 1:1 (for example), then all bets would need at least $400 worth of action placed upon them before being eligible for withdrawal!
How Much Money Will Your Deposit Match Bonus Be Worth?
The amount of money you can expect to win from a deposit match bonus depends on the type of bonus and how much you are willing to deposit. For example, if you were given a 100% match up to $50, then that would mean that if your initial deposit was $100, then you would be able to play with $150.
Some sites offer higher than standard amounts for their deposit match bonuses. However, most offers fall between 50%-200% extra money (with some exceptions), so make sure that you carefully consider whether or not the offer you are considering suits your needs before signing up!
Conclusion
We hope that this article has given you a better understanding of how deposit match bonuses work and how to claim them. If there's one thing we want you to remember, it's that the best way to take advantage of these offers is by reading the fine print carefully before making any deposits. Make sure you know what requirements must be met before cashing out your winnings--otherwise, they will just go back into your account!