Casino Deposit Bonuses Explained
A deposit bonus is usually a cash bonus amount added to a player’s account upon making a deposit. For instance a 100% deposit bonus will add a match amount of 100% of your first deposits up to a certain amount of money.
There are limitations to deposit bonuses however. For starters, you can’t just deposit any amount you desire and expect to get 100% of that amount into your account. There is a limit to how much you can receive and this is usually a few hundred dollars. Furthermore, receiving a deposit bonus will restrict you from withdrawing money for some time, making you play games in order to withdraw the bonus and the winnings you make.
This is called a playthrough requirement and it is the one thing that can make a deposit bonus not seem so attractive. Some casinos will make you wager the entire amount in your account up to 40 times before you can withdraw any money from it. Even worse, not all games count in full towards this playthrough, so if you are a roulette player for instance, you may have to wager your money 800 times in order to be able to withdraw it.
Not all casinos are so strict however, and there are quite a few generous ones out there who will offer you a chance to withdraw your cash without having to wager thousands of dollars. Many such casinos are in fact those who offer the preferred payment bonuses as well.
Advantage Of Preferred Payment Bonuses
Proffered payment bonuses are given by some casinos to encourage the players to make their deposits using a specific payment method. This is usually an e-wallet such as PayPal or Neteller, whereby the casino avoids the extra hassle and costs of banking fees and regulations. Instead, a player makes an instant deposit using the e-wallet and is awarded a little something extra for their compliance with the casino request.
For example, many casinos that normally offer a 100% deposit bonus will offer you an extra 10 or 15% on top of this to make such deposits, or will give you a chance to enter a gadgets competition or play some free spins at your favorite slot machines for free. This is great value for the players, and there is usually very little to lose by claiming such bonuses.
While preferred payment bonuses are not exactly the norm, more and more casinos are using them to cut their costs and award their players even further, in partnerships with the e-wallets and due to the naturally cheaper costs of e-wallet transactions.
Free Spins And Competitions For Preferred Payments
Using the one payment method the casino prefers may not only get you an extra 10 or 15% to your bonus, but can also see you entered into various competitions and promotions of other sorts. For instance, casinos have been giving away free iPhones and iPads in draws entered by the players who decided to make preferred payments.
Furthermore, free spins are a great way for casinos to award the players who make preferred payments, as they give the player a chance to experience more game time without actually risking any of his own money. While it’s not free cash, it’s certainly the next best thing.
Get Started With Preferred Payment Methods!
An increasing number of casinos are now awarding their players for making their deposits using those payment methods that are favored by the casino. This is an excellent way for the casino to get their way, but also a great way for you as a player to reap the rewards for complying with this relatively small request.
Sign up with one of the preferred payment casinos and claim your extra bonuses and rewards today for making even the minimal of deposits. The more you deposit using the preferred method, the greater the rewards.