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What is a First Deposit Bonus?
One of the ways that Online Casinos attract new players is by offering them a Deposit bonus for signing up and making a first deposit.
How does this deposit bonus work?
When a player makes a first deposit, the Online Casino will then add a separate bonus account (within the Cashier section which will be explained below) with the deposit bonus money in it.
Each Online Casino has a Cashier, which will tell the player how much money there is in their Main account. You can deposit and withdraw money from this account.
The difference between Normal deposits without bonus money is that the full amount is available to the player to withdraw these funds at any stage dependent on it being a positive balance.
With deposit bonus money given to the player, this bonus money (again, also in the Cashier section) is released to the bonus account and can only be withdrawn when certain criteria have been met (see below section: “Is it free?”)
Important to note, is that the deposit bonus amount is usually a percentage of the deposit (e.g. 100% of the players first deposit) and many times will have an upper limit (e.g. 100% up to $500)
Example of a deposit bonus:
100% deposit bonus up to $100
This means the player can deposit $100 and will receive a deposit bonus amount of $100 giving the player a bankroll of $200 to play with.
If the player deposits $50, they will get $50 deposit bonus amount which gives them a bankroll of $100 to play with.
However, if the player deposits $1,000 the player will receive a deposit bonus amount of $100 which gives the player a bankroll of $1,100 to play with.
Is the deposit bonus free?
The deposit bonus is free BUT the Casino will set certain “rules/parameters “in place which will include the number of hands/bets you have to play and also with certain “games” you can play (called “wagering requirements” which are detailed in the deposit bonus conditions of every Online Casino) which have to be met before you can cash out, specifically the deposit bonus money component.
Now that you know how it works … go and Pick an Online Casino with a First Deposit Bonus that appeals to you and have fun!