First Deposit Bonus Explained
By reading this article about the first deposit bonus, you will learn valuable information such as:
First Deposit Bonus
Online casinos around Europe and the world are using battle-tested tactics such as giving out hefty welcome promotions and bonus offers in order to attract new customers and stay afloat in the sea of online casinos. There are many types of casino bonuses players have at their disposal, ranging from the ones offered upon registration to the ones all existing players can claim and earn some bonus funds.
The most popular and widely used casino bonus is the first deposit bonus that comes in the form of a welcome bonus. The bonus is aimed at all newly-registered players who set up accounts for the first time and who are willing to make a deposit to get things going.
Stay tuned to find out more about this hugely popular casino deposit and learn how to claim it, how to choose the best one, and much more.
What Is a First Deposit Bonus and How Does It Work?
As its name suggests, a first deposit bonus is a type of bonus awarded to players when they register an account with a given casino and make the first deposit. The first deposit casino bonuses are part of welcome packages that only the newly-registered players can claim. The first deposit bonus is reserved for players who have never held an account in that casino before and comes with a series of special characteristics.
First of all, most of these first casino bonuses have specific requirements related to the eligibility of players. The welcome deposit bonuses are tied to a single IP and household, so if there is someone else in your family who has used a first deposit casino bonus from that casino, you probably won’t be able to claim it.
Secondly, a first deposit bonus has a minimum deposit requirement. For example, to get hold of a bonus that doubles your deposit in bonus funds, you need to deposit at least €20. The first casino deposit bonuses most frequently reward players with a deposit match offer in bonus funds. If you deposit €100 on a 100% deposit match bonus, you can expect to receive an additional €100, bringing your balance to €200.
Of course, you won’t be able to withdraw the €200 instantly, as there are some wagering and other restrictions that apply to first deposit bonuses and which we will discuss in subsequent paragraphs related to the bonus’ Terms and Conditions.
The first deposit bonus is a gift that comes in the form of bonus funds, but it can also offer some free spins and other perks we are going to discuss later.
The entire business philosophy behind first deposit bonuses lies in the fact that casinos want to say “thank you” for choosing them, and the way to do it is to give you some bonus cash and free spins so that you can test the games, have fun, and possibly even earn some real cash in the process.
Why Should You Claim a First Deposit Bonus — Is There a Catch?
Most experienced gamblers know that there isn’t such a thing as free cash in the world of casino games and that online casino bonuses are just a ruse to keep you playing more and, consequently, spending more. However, this is only partly true.
A bonus such as the first deposit bonus is a great way of getting some extra lift from a casino when you are getting ready to embark on a casino adventure. Since you have already decided to start playing and making a deposit, why not get something more out of it?
Of course, promotions and bonuses can sometimes appear as though they are too good to be true. Well, in that case, they probably are. Most online casino bonuses have specific wagering requirements and other conditions that players need to be aware of when opting for a casino bonus.
You can’t expect to withdraw the bonus cash as money or simply use it to generate wins and withdraw the winnings just like that. That kind of approach would bleed the casinos dry and we should never forget that they are in it for the profit.
Nonetheless, first deposit bonuses can be used to generate some wins and turn them into real cash, all the while maximizing return on the money you deposited.
Types of First Deposit Bonuses
When talking about the welcome bonus packages that include deposit bonuses, it must be pointed out that players stand to receive different varieties of prizes. This is especially true for the first deposit bonus. All welcome deposit bonuses require players to make at least one deposit to get hold of the bonus and before being able to claim the second or even third deposit bonus if these are part of the welcome package. When that first deposit is registered and players opt to claim the reward that belongs to them, they will most likely be enjoying deposit matched bonus cash and/or free spins.
First Deposit Match Bonus Offer
The majority of first deposit bonuses in the world of online casinos take the form of deposit match bonus offers. Players who register their accounts for the first time and make a deposit receive the same amount of the deposit in bonus funds. This is called a 100% deposit match offer.
For example, a player from Germany deposits €50 in their new casino. The casino has a 100% deposit match bonus scheme and transfers another €50 worth of bonus cash. Most first deposit match bonus offers, and any other bonus offers for that matter, have a deposit limit threshold that tells players what is the minimum they can deposit and still claim the bonus offer.
The limit ranges depending on the casino, but the usual minimum you will see is €10. Apart from this limit, you also need to know that the first deposit match bonus will be capped almost at all times.
Namely, if a casino offers a 100% deposit match bonus, it will also put a limit on how much they are willing to give away. If the deposit match offer is up to €200 and you deposit €150, instead of €300 in bonus funds you can only get €200, as that is the maximum.
Even though the first deposit bonus is most frequently matched in bonus funds, some casinos offer only 50% deposit match bonus offers, while others offer even 300% deposit match bonuses if they are feeling particularly generous.
The first deposit bonus is either a standalone welcome bonus or a part of a grander bonus scheme where players get rewarded for not only their first deposit, but also second, or even third. The second deposit and third deposit bonuses can also be deposit match bonuses, but unlike the first deposit which is usually 100%, the second and the third deposit match bonuses are frequently 50% matched to a lower sum.
These deposit match bonuses have additional limitations other than the standard ones, such as how much the casinos give in bonus funds or what is the minimum deposit required. Namely, there is almost always a cap on the winnings you can generate using the bonus funds. The number varies from casino to casino, but it usually does not exceed the amount of the deposit. If it weren’t for the winning cap, casinos would be in danger of losing too much and that is something they can’t afford.
First Deposit Free Spins Bonus
Another form that first deposit bonuses take are first deposit free bonus spins. They function in pretty much the same way as the deposit match funds, only they can sometimes be attached to the deposit match bonus or act as a standalone bonus.
Namely, players who make their first deposit in a casino will get a number of free spins they can usually use on dedicated slots. The number of spins is usually fixed and can be anywhere from 10 to over 100. However, the more you deposit, the greater the chances that you might get more free spins than the minimum amount.
The free spins are frequently seen as an addition to the bonus funds players get when they make first deposits. When they are found coinciding with the bonus funds, they are usually tied to specific slot games such as NetEnt’s Starburst, Gonzo’s Quest, or Play’N GO’s Book of Dead. The number of free spins in that scenario usually varies from 20 to 100+ spins, depending on the casino and specific offer.
These first deposit free spins have certain limitations shared with the first deposit bonus offer. Namely, casinos will cap how much you can win with the help of first deposit free spins. That amount also rarely exceeds €100, but it all depends on the casino. You can’t expect to win that much since the value of free spins will also be limited between €0.10 and €1 per spin.
If the first deposit bonus comes in the form of free spins as a standalone gift, then you can expect the number of free spins to be a bit higher than when free spins are paired with the first deposit match bonuses.
It is crucial to note that in all case scenarios, first deposit bonuses almost always have wagering requirements, specific slots the free spins are applicable on, and other restrictions you need to be aware of when opting for the bonus and which can make all the difference.
Cashable vs. Non-Cashable First Deposit Bonuses
There is one crucial distinction between first deposit bonuses regardless of their types and that is whether the deposit bonus is a cashable or non-cashable one. Cashable bonuses, as their name suggests, are first deposit bonuses that allow the players to withdraw the amount of the bonus together with the wins generated from it.
For example, you receive a 100% match first deposit bonus worth €100. By playing your cards right, you end up winning €300 from the bonus funds. If the first deposit bonus was a cashable one, you would be able to withdraw both the €300 as well as the bonus funds. In case it was a non-cashable bonus, you guessed it, you wouldn’t be able to withdraw the bonus, just the winnings generated from it.
It is often remiss of casinos to mention the distinction between the two, so what you need to do is go through the terms and conditions of the bonus carefully to notice these details and other restrictions involving wagering requirements, betting limits, etc.
How to Claim a First Deposit Bonus: Step By Step Guide
Since first deposit bonuses are related to welcome offers for new casino players, some of these players might struggle with the whole process of registering an account and claiming the bonus. Luckily for you, the following paragraph will tell you in detail how to register an account and claim your first deposit bonus.
Step 1: Choose a Proper Casino Site
The journey towards having a unique and fruitful casino experience begins with the choice of casinos. Every single casino operator is likely to have a first deposit welcome offer for you, and to say it would be easy to choose one would be an understatement. Browsing thousands of sites and comparing their offers is a cumbersome task for most players, which is why we have done that for you and compiled lists of top casinos with the best first deposit bonuses.
The lists of casinos are based not only on how good their first deposit welcome offers are, but also on how extensive their gaming catalogs are. Also, the number of available payment methods and currencies is a big factor. Here, like in other aspects, the rule “the more the better” is applied.
Moreover, safety and transparency are essential to all casino players who want to play in a secure and fair gaming environment. You should always opt for casinos licensed and regulated by premier gaming jurisdictions in the world, like the Malta Gaming Authority and the United Kingdom Gambling Commissions. Online casinos licensed by these jurisdictions are not only safe and fair gaming wise but bonus wise as well. Both MGA and UKGC have issued player protection regulations regarding unfair bonus terms and promotions which all licensees are obliged to follow.
Step 2: Sign Up
Now that you have chosen the best online casino for you, you will need to register an account before you can start playing. The registration processes are similar in all casinos and are very straightforward. Clicking on the button Sign Up, Register, or Join, depending on the casino, will lead you to a form you need to fill in with your personal info like full name, email, DOB, country of residence, banking details, and similar. Once the casino verifies your details, you will receive an email confirming that your account has been created and that you can start depositing and playing your favorite games.
Step 3: Deposit and Claim the First Deposit Bonus
Since the first deposit bonus requires you to make a deposit before claiming the offer, you need to go to the Cashier section of the casino and choose your preferred deposit methods. You need to pay close attention to what types of payment methods are included in the first deposit scheme, as some payment methods like Skrill or Neteller are frequently excluded from the first deposit welcome bonus.
Also, you need to check if your local currency is supported and how fast you can expect deposits and withdrawals to reach your account. The premise to look for here is “the faster, the better.”
Before you complete the deposit, you need to check the minimum deposit requirements for the first deposit bonus as well. The first deposit bonus is usually automatically credited to players, but sometimes players need to tick the box “I want the first deposit bonus” to tell the casino they want the bonus. Sometimes, players need to contact the customer support team and indicate their desire to use the bonus.
Step 4: Play Selected Games
No matter if the first deposit bonus is in the form of bonus funds, free spins, or both, most of the time there will be a list of selected games you can play with bonus funds. The games usually include top slots from the software provider powerhouses like Microgaming, NetEnt, Play’N GO and others. Sometimes, there are no such restrictions, which gives you the opportunity to play even Live Casino games, but there are few such first deposit bonuses.
Step 5: Cash In the Winnings
If you were lucky enough to generate some wins with the first deposit funds and free spins, you would want to cash in the winnings. Here, the choice of payment methods is crucial, and so is the question of whether the first deposit bonus is cashable or not. You should opt for cashable bonuses and quick withdrawal payment methods, as being able to move the funds quickly to and from the casino and getting the best from the bonus is vital.
What to Look for In First Deposit Bonus Offers
There are many things players who want to claim the first deposit bonus need to bear in mind when choosing the best first deposit bonus.
Wagering Requirements and Withdrawal Limits
The wagering requirements are one of the key aspects of any casino bonus. The wagering requirements tell us how many times a player needs to wager the amount of the bonus before being able to make any withdrawal requests of the winnings accumulated from the bonus.
The wagering requirements usually range from 10x to 50x times the bonus amount, with 30x being the industry average. A crucial thing about the wagering requirements is whether or not they apply only to the bonus amount or the amount of the deposit as well. The first deposit bonus that only takes the bonus amount into consideration is a more viable choice, as you can meet the requirements more easily and cash out.
Speaking of withdrawal limits, it must be pointed out that many casinos impose such on first deposit bonuses. The best first deposit bonus offer is the one that allows players to win big when using the bonus funds.
The first deposit bonus is usually available only on selected games, mostly slots. These games are in no way different than the regular slots or table games other than the fact they are the part of the first deposit bonus schemes. Luckily, these games are also the most popular games in casinos worldwide, like Bonanza, Starburst, Wolf Gold, and many others. You need to check which games you can play using the bonus funds, as well as which games and to what extent contribute towards meeting the wagering requirements. Slots usually contribute 100%, while table games contribute around 10%.
Sometimes, newly-registered players are required to insert a special bonus code when making their first deposit in order to trigger the first deposit bonus offer. In most cases, the bonus code is a series of numbers and letters found on the casino’s page itself, but sometimes you need to look in review sites that can even offer some special bonus codes as casino’s affiliates.
Country and Payment Restrictions
Online casinos do business on a global scale; however, some countries are restricted to them due to their gambling laws and other regulations. Before registering an account and claiming the first deposit bonus, you need to check if your country is whitelisted, allowing its citizens to play at that particular casino and claim the bonus. Also, some casinos offer first deposit bonuses only to residents of certain countries. Then, even though you can play games from that online casino, you won’t be able to claim the bonus offer.
The same goes for payment methods. First deposit casino offers are known for having payment method restrictions that don’t allow players to make deposits with, say Neteller or Skrill, and claim the first deposit bonus.
All this information and more can be found in the casino’s Terms and Conditions page you should read carefully.