500% Deposit Bonus

To be frank we don’t come across 500% deposit bonuses that often, and when we do, the terms & conditions are usually quite outrageous. You will often see a max withdraw amount and wagering requirements of 60+. Sometimes the casino will try to hide the wagering requirements by writing something like “The bonus and deposit amount has to be wagered 40 times”. 40 times sounds low, but keep in mind that it’s the deposit amount plus the bonus amount that has to be wagered. For example, if you deposit €100 and receive a €500 bonus, then you have to wager €600 * 40 = €24 000 before you can make a withdraw. Add a maximum withdraw limit to this and your chances to win big are severely decreased. Check bonus rankings Check out our list of the Most Popular Bonuses

Terms and what to look out for

When you play with a deposit bonus, it’s very important to read its terms and conditions first. The reason for this is that all bonuses come with a set of terms, and here you will find the most common ones the be on the lookout for.

Parachute/Lifeline Bonus

A Parachute/Lifeline bonus is one of the more popular forms of casino bonuses. Basically it means that you’re playing with your real money first, and once those funds have been lost, then you start playing with your bonus money. This has its advantages since you can cancel your bonus if you are lucky enough to book a big win with your real money.

Sticky Bonuses

This is the second form of bonuses and this is the original form of casino bonus. A sticky bonus means that once you accept it, it will be tied up with your real money and you can’t withdraw any funds before you’ve completed your wagering requirements. The advantage of this type is that you start wagering your bonus from the first spin.

Wagering Requirements

This is probably the most important part of choosing a bonus. Generally, you want to stay away from bonuses with a requirement of 60 or higher, unless the bonus is structured in a way that it only activates if you have lost your deposit first.

Bonus Size

Not all bonuses give you 100% of your deposit. 25%, 50% or 75% is common as casino promotions for reload deposits, and 150% and 200% are also pretty common on welcome deposits. Be aware of casinos that offer you “outrageous” bonus amounts such as 600%, generally, they have horrible wagering requirements or a strict max withdrawal amount.

Withdrawal Limits

This is generally not something you see too often on welcome bonuses on the biggest casinos, but some casinos have a max withdrawal amount on their bonuses. For example, the casino might limit you to withdraw maximum 10 times the amount you deposited. Make sure to look for this term, as a withdrawal limit of just a few times your deposit amount is normally not worth taking.

Max Betting Size

The max betting size rule is extremely important to be aware of, as it is by far the biggest reason for withdrawals to be declined. If you bet more than the allowed max limit, which is normally between €4-8 per spin, the casino might have the right to confiscate your bonus and winnings gained from playing with it.

Restricted Games

As we mentioned earlier, not all games can be used to wager with. While you still can enjoy Blackjack or Roulette, playing these with a bonus won’t often help you wager. Some other games are normally banned from playing completely, as they were being used to exploit the bonuses.