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There isn’t an online casino that doesn’t love to pamper its members with a lucrative signup bonus. So, it’s no surprise that nearly every gambling site offers a fresh promotion now and then. Yet, so many options at the table and them changing almost monthly may confuse newbies.
This is where we come into the picture. Our experts handpicked the best first deposit bonuses 2020 has to offer. Now, you may be wondering what makes these promotions better than the rest. First, they come from reputable and trustworthy online casino operators. Second, every welcome offer listed above has fair and reasonable terms. Finally, some of the deals above are monthly exclusives that you won’t find anywhere else!
What is a Signup Bonus?
A signup bonus is a promotion given out to new members of a casino site upon completing their first payment. Usually, this deal is a way operators thank new players for signing up at their online casino. Meaning, it’s earmarked for punters who have never played there before. Remember, they get refreshed monthly, and no deal is ever the same. So, if a promo catches your eye, now is the best time to snatch it.
First deposit bonuses are easy to claim, and it will take only a few minutes of your time. All you need to do is register at the gambling site and deposit the minimum amount. After the payment goes through, you should see the free spins or cash in your balance immediately. It gets added on top of your first payment and increases your funds so you can place even more bets! Remember, you can’t just cash out your welcome bonus. You first need to meet the casino’s monthly and wagering requirements, in case there are any.
First Deposit Bonus Types
Online casino members get to choose from more than one kind of signup bonus. Casinos usually change up the first deposit bonus monthly. So, their variety is better than ever before. Below, we listed the most popular types of welcome deals you’ll encounter at any top-tier gambling destination.
50% Match Bonus
A 50% matched bonus is probably the smallest first deposit deal you can claim. Matched bonuses like this (and other percentages) usually look like this: ’50 % up to $50′. So, if you deposit $100, you’ll get an additional $50. If you deposit $50, in contrast, you get an additional $25. The maximum cap serves as a limit on how much players can get on a monthly basis. It’s a preventive for high rollers who often make massive payments. Anyone who deposits over the cap won’t get anything above the max bonus amount.
Example: 50% up to $100. Deposit $200, get $100 bonus, play with $300.
100% Match Bonus
The 100% match is the most common first deposit bonus you’ll come across. If you see something like ‘100% up to $100’, you found yourself a 100% match bonus. These are also shuffled monthly, so one month you may get 100% up to $200 and the next $100 up to $125. A 100% match means that the online casino matches your exact deposit up to a certain amount. Upload $100 and get an additional $100. It’s as simple as that.
Example: 100% up to $100. Deposit $100, get $100 bonus, play with $200.
150% Match Bonus
The higher the match percentage, the more you get from the signup promotion. Also, the wagering requirements are likely higher. Otherwise, the same principle applies to the 150% matched bonus, too. With a $50 deposit, you get to play with an extra $75. You can expect monthly surprises alongside 150% match deposit deals like Wheel of Fortune spins or slots spins.
Example: 150% up to $100. Deposit $50, get $75 bonus, play with $125.
200% Match Bonus
The 200% match offer isn’t as common as the prior deals, but not non-existent. If you grab such a promotion, the casino site will double your first deposit up to a certain amount. So, your $100 payment will get you another $200 worth of funds. Remember, 200% match bonuses also come with wagering requirements and expiration dates. Plus, operators like to keep things fresh by slightly changing them monthly.
Example: 200% up to $100. Deposit $50, get $100 bonus, play with $150.
400% Match Bonus
A 400% matched bonus means that the online casino will pay you four times what you deposit. If your first deposit is $100, you’ll get a juicy $400 in bonus funds. Meaning, you end up with a playing budget of $500. Yet, if the first payment offer is this lucrative, it probably comes with high rollover and other monthly requirements. Also, these massive signup bonus deals are usually reserved for high rollers rather than casual players.
Example: 400% up to $100. Deposit $25, get $100 bonus, play with $125.
First Deposit Bonus Benefits
First deposit bonuses come with a long list of benefits. If a casino site offers a generous signup bonus, that’s a sign for an overall rewarding experience. Second, this bonus boosts your bankroll with money that’s not yours. Meaning, you engage in real-money action, but only one share of those funds is your investment.
A first deposit bonus gives you the ability to double or even quadruple what you wanted to upload. So, you get extra funds to spend on your favorite slot, which guarantees you more chances to hit a prize. It also prolongs the fun as more funds mean playing longer, as well. Above all, you get to test out the online casino without investing too much in it.
How to Choose the Best Welcome Bonus
Choosing the best signup bonus is a task that you shouldn’t take lightly. While there are plenty of first deposit deals, you need to make sure to claim the right one for you. Here a few factors you must take into consideration before you select a welcome bonus.
First, bigger doesn’t mean better. Before you rush into claiming a huge offer, make sure that its terms are transparent and fair. Ensuring that the casino is reliable and works well on your device goes without saying.
A few other things to look out for are reasonable wagering requirements, eligible games, and supported banking methods. Moreover, have a clear idea of how much you want to deposit, and what you want to get. If you plan to deposit $200, grab a deal that lets you benefit the most. For example, choose 100% up to $200 over 100% up to $100.
Additionally, make sure that the current welcome bonus is valid. Most casinos switch up their promotions monthly. Finally, pick among the deals we handpicked for our readers. These come with fair rules and, more importantly, top-class operators offer them.
Terms and Conditions
Understanding the terms and conditions that come with a first deposit bonus is key to having a pleasant iGaming experience. Lucky for you, we broke down the essential points.
- Minimum deposits – the lowest amount that gets you to access the promotion.
- Wagering requirements – the number of times you must rollover the bonus before cashing out.
- Eligible games – what games can you play with the funds from the welcome offer.
- Time limit – when does the bonus expire and goes void unless you meet the wagering requirements.
- Supported countries – some bonuses are exclusive for players from the UK, the USA, Canada, Australia, etc. Read the restricted countries list before claiming anything!
First Deposit Bonus FAQ
Is the first deposit bonus worth using?
A first deposit bonus gives you extra funds for more extensive playing experience. If you want to try out the casino’s games with some extra funds, the signup bonus can be convenient. It’s also a great way to test the casino without investing too much money in it. So, if the rules of a specific offer are fair, the offer is more than worth it. That isn’t something you can claim monthly. Thus, make sure you go for reliable deals like the ones listed here.
Should I go for the biggest monthly signup bonus available?
Not necessarily, since bigger doesn’t always mean better. Claiming the biggest monthly first deposit prize can be a good idea in some scenarios. For instance, if your goal is getting extra funds to try out new games on a monthly basis. However, the downside of this is that you probably won’t be withdrawing a lot of your winnings. Cashable first deposit bonuses come with high playthrough requirements, which means that it will be hard to reach the monthly requirements. Also, the bonus rules are essential. If a large bonus expires too quickly, you won’t be able to use it fully.
Are deposit bonuses cashable?
Yes, most first deposit bonuses are cashable. Yet, dealing with wagering requirements is inevitable. Almost every match bonus comes with playthrough requirements. You must meet those requirements before the bonus expires if you want to withdraw your winnings. Some casino operators limit the cashout amount, too. Others won’t let you cash out the bonus funds but will release the winnings.
Are these bonuses available for UK online players?
Yes, gamblers from the UK won’t have a problem getting their hands on a first deposit casino bonus. All you need is a few pounds to deposit and a desire for some online casino fun. Just make sure that the UK isn’t on the restricted countries list, and you’re good to go.
How to find a good monthly signup bonus?
While they’re very prevalent in the iGaming world, finding a great first deposit monthly signup bonus can be confusing. You need a trustworthy casino and an offer with fair rules. For a rookie, this may be an overwhelming task. Alternatively, scroll up. We listed the best first payment bonuses for you to check out and update them monthly.
Can I use the same bonus twice?
Unlike monthly reload deals, a first deposit bonus is usable only once. Yet, many online casino operators have massive welcome offers beyond the first deposit treat. You can find a signup bonus that has prizes for the second, third, and even fourth deposit.
Can I withdraw my winnings to my US bank account?
It depends on where you play and how you want to withdraw. Cashing out the winnings from a first deposit bonus is generally possible, especially if you use cryptocurrency! Just make sure the online casino accepts players from the USA, and don’t forget to meet their wagering requirements.
How to avoid wagering requirements?
This isn’t entirely possible. If you claim a promo with specific rules, you can’t just avoid respecting those rules. There are online casino sites that offer a welcome bonus with low or no wagering. That’s your best bet at avoiding rollover requirements. Otherwise, you’ll have to play by the rules you’ve accepted the moment you claimed the deal.
Which online casino sites offer the best first deposit bonuses?
Every online casino listed in this article has a superb first payment bonus. Moreover, many of the first deposit deals featured here are monthly exclusives you won’t find anywhere else! So, don’t waste any more time and claim whatever suits your style the best!