Best Deposit Bonus Casino
The key to a great deposit bonus is finding the right casino. Each casino will offer something slightly different, but we’re looking for the biggest and the best. Some operators specialise in low-value casino bonuses, which can look great but are almost impossible to win.
The best deposit bonus is one that gives players plenty of options. You should be able to decide how much you want to spend. The minimum deposit will trigger the match and give something extra to play with, whereas the upper-limit will reward the most.
We look for the biggest deposit bonuses at the highest quality casinos, with the fairest terms and conditions. Keep reading to find out more about what this looks like.
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Frequently asked questions about deposit offers
What is a deposit bonus?
A deposit bonus is a promotion rewarded to casino players when they spend money. These promotions are available to both new and existing players. New players can expect much larger bonuses, as much as 200% in some places.
How do deposit Bonuses Work?
Deposit bonuses are usually automatic, so there’s very little for the player to do. Simply make a deposit using your preferred payment method, and the bonus will be added to your balance.
How many types of Deposit Bonuses are there?
There are many types of deposit bonuses, of all different sizes. A new player deposit offer is usually high value, whereas a promotion for existing players will be smaller. There is also a reload bonus, which offers matches on up to 3 separate deposits.
How to Claim a Deposit Bonus
You can claim a deposit bonus easily by checking out the Jackpot Slayer list of recommended bonuses. All you need to do is pick your favourite, sign up, and make a deposit to get your hands on the bonus.
How to Choose the Best Deposit Bonus
The best way to choose a deposit bonus is to use a comparison site, where everything is under one roof. It’s important to check the key details, including the important terms and conditions.
Do Deposit Bonuses have terms and conditions?
Absolutely! Deposit bonuses come with several terms and conditions. You must read and understand them before accepting the bonus. The main ones to look out for are the wagering requirements, as well as maximum stakes and maximum wins.
Can you win money with a Deposit Bonus?
You can win money with a deposit bonus, but it isn’t easy. The wagering requirements attached to a bonus will make a real difference to your chances of winning. It’s worth noting that it is easier to win from a deposit promotion than from a free one.
Can a Deposit Bonus expire?
A deposit bonus will expire, and you must check the terms and conditions to check the expiration.
What is an Online Casino Deposit Bonus? ❓
An online casino deposit bonus is one of the most straightforward yet most valuable casino promotions. Extremely popular amongst players, this bonus type typically doubles your first deposit. Although offering double is the most common, some casinos will go as far as boosting your deposit by 200% or even 300%.
For example, if you have £100 to spend and accept a 100% up to £100 deposit bonus, you will play with £200. This is the perfect bonus to get more out of your money and better suited to players looking for the best value. As long as you meet the minimum deposit, you can claim the deposit promotion. Keep in mind that the greater your initial spend, the bigger the bonus will be.
Deposit bonuses are not always limited to just your first deposit, either. Many online casinos will now offer matches on your second and third deposit, too. This is known as a reload bonus, which we will take a closer look at further in this guide. Depositing players are always rewarded with better offers and promotions than those who don’t spend money, and this is why these bonuses are often so generous.
Different Types of Deposit Promotions 📄
As with many other casino promotions, a deposit bonus can come in many forms. What is available will depend on the casino itself, but we’re always on the lookout for the brands that offer the most to their players.
Deposit promotions not only vary by casino, but they are often called different things too. Below, we explain the bonuses available and what each one of them entails.
- Standard Deposit Bonus.
- First Deposit Bonus.
- Reload Deposit Bonus.
- Free Deposit Bonus.
1. Deposit Bonus.
A standard deposit bonus is as simple as it gets, and the rules are easy to follow. As long as you deposit the minimum as stated in the terms, you will earn your bonus. These offers are available to both new and existing players and often form part of a loyalty reward.
You may be offered 100% of your deposit as a bonus, but it can be higher or lower. A 50% deposit match is much more common for existing players, whereas the higher percentages tend to be saved for new players.
2. First Deposit Bonus.
A first deposit bonus is awarded to new players, making their first deposit at an online casino. These are the biggest and best deposit bonus, casino promotions, as brands compete to attract new customers.
A 100% deposit match is the minimum you should expect, with some offering much more. These bonuses can be extremely valuable and shopping around will ensure you get the most for your money.
3. Reload Deposit Bonus.
A reload bonus is the name used for multi-tier deposit matches. Players are usually offered a sizeable first deposit offer, then two smaller ones for further deposits. The first match is the same as any other deposit promotion, but it’s what happens next that makes a reload bonus unique.
To encourage more than just one deposit, online casinos will also reward your second and third. The percentage will go down, to say 50%, but the upper-limit tends to increase. A standard reload offer looks like this:
- 100% up to £100
- 50% up to £200
- 25% up to £500
4. Free Deposit Bonus
This is one of the best deposit bonuses out there, and it is a very rare bonus. Commonly also known as a no deposit bonus. It is basically free money into your account.
Pros and Cons 🔥💩
There are many pros to accepting a deposit bonus. In fact, there are more positives to this kind of bonus than there is to any other casino promotion. Perfect for players with any budget or average stake, they continue to be the most popular bonus of all.
The main pros of these casino promotions are:
- Get double your initial deposit and make your money go further
- Play your favourite games, as these bonuses are not limited 🔥
- It is easier to complete wagering requirements
- More chances to win the jackpot 🔥
As with most promotions, there are some drawbacks to this bonus too. There are things always to be aware of before you accept a bonus of this type. Some of the cons are:
- Still fairly strict wagering requirements
- Weighted games
- Stringent terms and conditions 💩
When weighing up the pros and cons of a deposit bonus, it’s clear to see that there are many positives to this bonus type but also negatives. They can be complex and tricky to understand, so let’s dig a little deeper.
Game weightings are included in the terms and conditions of every deposit match bonus. Most standard slots will count in their entirety towards wagering, e.g., a £1 spin is £1 in wagering. However, on some slots, particularly those with a very high RTP, the weighting can be just 50%, so a £1 spin is just £0.50 towards wagering. Some games can even be excluded entirely.
Table games like Blackjack and Roulette always count significantly less towards wagering requirements. Playing these types of games makes it very difficult to complete wagering.
Stringent Terms And Conditions
Terms and conditions can be quite strict with bonuses of this type. Expiry dates can be short, so always check before you deposit how long you have to complete the wagering requirements. Maximum stakes will also be capped at a certain percentage of the whole bonus size. For example, with a £100 bonus, you may be limited to no higher than £1 spins.
The most important term of all is the cap on winnings. Almost every offer will stipulate a maximum amount that can be won. If you got very lucky and landed a big win, you may not be able to claim it all.
Typical Wagering Requirements for Deposit Promotions ♻
Wagering requirements form part of almost every online casino promotion. Although there are wagering requirements on a deposit bonus, you will find they are much lower than other bonus types.
Online casinos use wagering requirements as a way of limiting their losses. It can be compared to the house edge at any land-based casino. The important thing is to find what we would describe as fair wagering requirements. They can’t be avoided, but you can select bonuses with more favorable rules.
Whether the wagering requirements are reasonable would depend on the size of the bonus. That said, anything below 35x would be considered low. Requirements of 40x and above are high and should be compared against the value of the bonus.
For example, a £50 bonus with 50x wagering requirements would need you to turn over £2,500. A £100 bonus with 40x wagering would be £4,000. You have to win to meet wagering requirements, so you’ve got a better chance of winning and meeting wagering if you have a bigger bonus. You can play for longer, you can stake more and so a win is bigger, and you can get more spins.
And again, deposit bonuses are typically some of the best bonuses in terms of fair wagering requirements.
How to find the best Deposit Bonus 🏆
We have explained exactly what a deposit bonus is and what a good one looks like, but where do you find them? The truth is that deposit promotions are widely available, with almost every online casino offering one to players. With so much choice, the hardest part is often separating the good from the bad and finding the best of the bunch.
To find the best deposit promotion, you would need to spend time browsing each casino site. Once you have identified a reasonable offer, you then need to read the terms and conditions to ensure that everything is as good as it seems. You can also check out our best online casino sites guide.
You can save yourself a lot of effort by using Jackpot Slayer, as we have done the hard work for you. We compare the best online casinos and the best promotions for players. All that is left for you to do is pick your favourite from our detailed list.
Do I need a Deposit Bonus Code?
Online casinos want to make things as easy as possible for players, so bonus codes are becoming less common. Typically, a first deposit match will be triggered automatically once you have put your money in, without the need to enter any special codes.
Some reload bonuses will need a bonus code to trigger, so make sure you read the terms and conditions so that you don’t miss out.
Payment Methods for Deposit Promotions
There are plenty of deposit methods to choose from at online casinos, from simply using your bank card to e-wallets like Paypal. You’re free to make your payment how you like, but keep in mind that certain methods can be excluded from promotions.
Particular payment providers like Neteller and Skrill are often not included in casino deposit promotions, so always check beforehand.