What are Deposit Matches and how can they Work for you?
Whether you are new to gambling as a whole or simply wish to make the transition between offline and online platforms, there is no doubt that betting online can seem a little overwhelming. One of the first things to strike you is the sheer wealth of available bonus options, which are designed to entice new players and reward loyal ones.
There is a strong focus amoung online gaming brands on the acquisition of new customers, however, meaning that fresh players bonuses are usually the most lucrative. One of the best examples is the deposit match bonus, which translates into free bets for players and is often dominant amongst virtual casino brands and platforms but still offered by some online bookmakers.
What is a Deposit Match Bonus?
In many ways, a deposit bonus operates along the same lines as a matched bet, which some of you may be familiar with. The core difference is that you do not need to place a wager to become eligible for a deposit match, as you are simply required to credit your online account to a specified value. Once you have done this and opted in, you will be rewarded with free bets according to the precise terms and conditions of the offer.
More often than not, sites offer deposit matches of 100% to new customers. This guarantees that eligible players will receive a 100% bonus in addition to their initial investment, doubling their playing capital in the process. So, if you trigger a 100% deposit bonus with an initial account credit of £25, this amount will be doubled under the terms of the offer and leave you with £50 to wager with.
While some brands will also offer second and third deposit matches of 50% and 25% respectively, there is also a modern trend whereby platforms are publishing bonuses in excess of 100%. These are well worth looking out for, as they enable you to access additional free capital when you register with a new platform. It is not uncommon to see deposit matches of 200%, for example, meaning that an initial commitment of £25 could leave you with £75 to play depending on the exact terms available.
Is there anything else to bear in mind?
Before you make a decision about which deposit bonus to trigger, however, there are two more things to bear in mind. Firstly, all promotions of this type have a rollover requirement, which safeguards the operator and prevents players from abusing the offer. The rollover stipulates the amount of times that the bonus must be played before it can be withdrawn, which will impact greatly on your ability to access the reward. For a bonus equal to the value of £50, for example, you may need to wager £150 before you can complete a withdrawal.
On a final note, there may also be specific terms relating to how the bonus can be used. It may be restricted to certain games or genres of gaming, for example, so it is crucial to check the conditions of the promotion before making your selection.