What is a 500% First Deposit Bonus and How Does it Work?
A first deposit bonus is one of the best promotions that an online casino can offer. In exchange for funding your account for the first time, you get plenty of good stuff. A match bonus is the best type of reward that you can get at an online casino since it actually matches your initial deposit by a certain number.
With a match bonus, you can either double, triple or quadruple your first deposit. And in rare cases, you can even increase your initial deposit by five times. That is what a 500% deposit bonus can do for you. And as a result of its huge figures, it is probably one of the best welcome offers that you can get at an online gaming website.
If you are looking for this massive new player offer, then no need to worry, since the following sections have got you covered. You will get all the information that you need to know about a 500% first deposit offer. Read on to discover more.
Many players are always wondering how they can get gambling platforms offering a 500% welcome offer, since such promotions do not come each day. You will have to do thorough research to find an online casino with this type of promotion. Currently, there are many websites out there that review sites with a 500% welcome bonus.
Most of them will ask for your contact details, including an email so that they can send you notifications when such bonuses appear. You can check what these sites provide you with or look at online casino reviews. With each site that you look into, be sure to read all the T&Cs so that you can easily know what you are about to get into.
Apart from the terms and conditions, it is also advisable to put into consideration other factors to ensure that the site you are planning to join is ideal for you. Here are the additional features that you should look for when looking for sites that offer a 500 first deposit offer:
- Other promotions, bonuses, and rewards
- Security, licensing and customer care services
- Slots, games selection, and software providers
- Payment options and terms
- User-friendliness and mobile compatibility
Tips and Tricks About Using a 500 First Deposit Bonus
Whether you are a new or an experienced player, you will need to know some tricks and tips about using your 500% first deposit welcome offer:
Ensure that your current budget allows you to take advantage of your 500% first deposit welcome bonus. Even if it increases your initial deposit by five times, you should remember that it is not a minimum deposit bonus. For your offer to be effective enough, you will need an initial deposit. Don’t expect to get an initial deposit of £1, since the minimum is always between £10 and £20 at most online casinos.
- Check the maximum limit: All casino bonuses come with a maximum bonus limit that you can win. The limit depends on the amount of your initial payment. So you should check the limit and ensure that it isn’t too low.
- Ensure that the maximum bet limit is high enough: The casino will not allow you to wager more than a given amount until the play-through requirements are over. In simple words, there’ll be a maximum wager limit. To enjoy your offer, ensure that this limit is high enough. Otherwise, it will take longer for you to unlock your bonus.
- Check if the bonus is limited to a given game category: Some casinos will offer 500 first deposit bonus slots. This means that you will only use your bonus on slot machines. A good site should allow you to use your offer on different games, including live casino, poker, and more.
- Check if you’re allowed to withdraw your funds: Many bonuses come with wagering requirements and other terms and conditions. This means that you cannot withdraw your funds until you meet the play-through requirements.
Wagering A 500% First Deposit Bonus
This is one of the hardest parts when it comes to first deposit welcome bonuses. The truth is that it will take a long time for you to make a withdrawal request. This is because a 500% first deposit offer comes with higher wagering requirements.
Currently, it is rare to find low wagering bonuses since casinos want you to stay on their sites. They know that some players will run away just after winning and making a withdrawal. Getting a site with a relatively low wagering requirement is vital in this case; otherwise, it will take you a long time to withdraw your money.
Due to the nature of a 500 first deposit welcome promotion, you’ll earn significant amounts of cash when you win, and wagering them will also take a long time. The wagering requirement is the first thing that you should look for when reading the terms and conditions available.
The best thing is that the UK Gambling Commission doesn’t allow too high play-through requirements. It means that players from the UK can take full advantage of this type of promotion.
A 500% deposit bonus is not difficult to find and take advantage of. You only need to visit reputable websites and allow them to send you notifications whenever these types of promotions are available. The best thing about this offer is that it is easy to claim.
You will only need to sign up with a casino that offers the bonus. Once you have an account, just make an eligible deposit. The casino will then multiply it by five times. Even if they are rare to find, just know that they are available at safe, reliable, and reputable online gambling websites. Find your 500% first deposit welcome offer today and take your gaming experience to another level.