Best Deposit Bonuses 2022 - Find Your Suitable Bonuses Now!
Deposit Bonuses have become an important marketing tool to attract newbies and retain existing players. Therefore, with fierce competition among betting sites, you can sometimes find attractive match bonuses with fair wagering conditions and requirements.
However, not all players fully understand the concepts and recognize this type of bonus offered. Hence, you can continue reading our guides and analysis below to sift through the deposit bonuses available at all bookmakers quickly.
We will also dive into the breakdown of genres, wagering requirements, other things that are important to your benefits, etc., and critical notes that you need to know before claiming deposit bonuses.
How Do Deposit Bonuses Work?
Deposit bonuses are always an attractive offer, but before claiming them, you must learn about the site’s transparency and the clear rules laid out.
In many cases, because of haste, many players neglect to read the T&Cs carefully, which is a big mistake, causing them to lose their bonuses and deposits. Therefore, below are those things that you need to pay attention to when claiming a deposit bonus.
Wagering requirements: The first thing that we should mention is Rollover requirements, aka wagering requirements, must be met before you can withdraw winnings.
These requirements are put in place to protect bookies from being scammed by players. Also, wagering requirements can help prevent bettors from abusing bonuses and prevent money laundering.
Each bonus will have different requirements, so you must check the fine print carefully to take advantage of the bonuses. For instance, the wagering requirements range from 10x - 70x, showing how much you must play through before withdrawing winnings.
Example: To get a $20 bonus with a 30x deposit requirement, you need to play $600 before you can withdraw any winnings.
You should also be aware that not all betting sites have reasonable requirements. Therefore, you should choose bonuses with rollover requirements from 20x - 30x.
In addition, there are two types of wagering requirements, namely:
Only the bonus amount is counted: Calculating the wagering requirements has a relatively simple formula, namely:
(Bonus amount) X (Bet Requirement) = Total bet amount
For instance, when you deposit $200 with a 200% bonus and rollover requirement is 20x. According to the formula, you have to bet $4,000 with real money.
The bonus amount combined with a deposit amount is counted: Depending on each operator, you can get an attractive bonus. Sometimes, the initial deposit is also included in the wagering requirements, and the calculation formula will now be changed:
(Bonus amount) + (Initial deposit) X (Wager requirement) = Total bet amount
For instance, following the example above, after applying the formula, you will have to bet $6,000 in real money to meet the wagering requirements 20x the bonus and deposit.
The maximum amount of converted credit: It should be noted that all bonuses have a limit to the maximum amount of bonus credits that can be converted to real money. After that, once you meet the wager requirements, the bonus credits will be converted to real money.
Example: Let's say the maximum bonus you can get is 10x the initial deposit. If you reach a credit of $2,000 after using the $100 bonus and you have met all wager requirements, the site will credit your account with $1,000.
Time limit, aka bonus expiration: Most betting sites will set a specific time within which you must meet the bonus conditions. Usually, you must complete the requirements in 90 days. However, there are still some platforms that offer a limit of 30 - 60 days.
Therefore, you need to be clear about the deadlines by which you need to meet the requirements to avoid losing your bonus.
Maximum bet limit: In addition to things like wagering or game contribution requirements, betting sites will put a maximum bet limit, meaning you cannot place a bet higher than the maximum bet specified. On the other hand, if you bet more than the wager limit, you may lose any winnings.
Deposit Match Bonuses Types
The categories of match bonuses or reload match bonuses, can be divided into three different categories. In general, although they are quite similar in nature, there are a few factors that you need to distinguish. In the end, depending on your preferences, you can claim them or not.
Claim Bonuses Directly Into Your Account
Some match bonuses will automatically transfer the bonus amount to the account and you cannot withdraw it immediately without some play. However, you can still start betting immediately with that amount.
For example: If you get a 100% match bonus on a $200 deposit, your account will show $400 (deposit $200 + bonus $200). Then, if you want to put $400 into a single bet, you can start right away.
Of course, nothing is free. You must meet the wager requirements if you want to withdraw. Specifically, you can withdraw $200 of your stake at any time but in order to withdraw $200 of your bonus, you must fulfill the rollover requirement.
Bonus Is Split and Released as Earned
The second type is where the bonus amount will be kept separate from the main account, meaning you cannot use the money until it has been transferred to the balance. Then, once the money is credited, you are free to bet, including withdrawals. It should be noted that you must complete the wager request if you want the money to be transferred to your account.
However, the wagering requirement can be higher if you deposit a large amount, and this is how many betting sites will split the bonus into several smaller prizes.
Example: Let's say you get a $200 bonus on your $200 deposit. The initial funds will be kept in separate accounts, and the maximum bet you can make is $200 because that's all there is to your account. However, for the $200 bonus, the bookies may split it up into 10 separate $20 prizes. As a result, the total bonus amount is the same, but it is treated as 10 separate small bonuses.
Bonus Money Separated and Released as Earned (Entirety)
This is similar to the second bonus type, except that the money is not split into smaller bonuses, and the only way you can remove the match bonus is to delete the whole thing. However, these bonuses often have higher trade-offs because the bigger the prize, the more you have to play.
First Time Deposit Bonuses vs. Reload Match Bonuses
Bonuses are attractive, but they come in different categories, depending on what the operator offers and what you are looking for. There are three main types of bonuses with various requirements and limits.
Welcome Bonuses: The bonus that you get with your first deposit is the most common type of offer. This offer is perhaps the most lucrative and is widely offered to attract new players.
Most welcome bonuses will be match deposit bonuses with a certain percentage, 100%, 200%, or even up to 500% match deposit bonus. In particular, some betting sites will match the first deposit to the required rate, and you can even double your first deposit.
First deposit bonus conditions to be aware of: It would be best to consider whether the bonus is tied to the deposit. Otherwise, you can play comfortably with the deposit. If you win, you can cancel the bonus and withdraw the winnings. Conversely, if you lose, the prize is your second chance.
In the case of a bonus tied to a deposit, you have to follow the rules from the start, meaning that even if you win a large amount, you cannot withdraw your winnings before transferring the bonus. Also, if you decide to cancel the prize, all previous wins will be void.
In addition, there are some other notes, including:
- Maximum bet per spin;
- Games are excluded;
- Doubled options are generally prohibited.
- Second, Third, And Fourth Deposit Bonuses
Many seasoned players often choose to jump from one betting to another after receiving welcome offers. Therefore, some online betting sites divide welcome bonuses into multiple deposits to prevent this from happening.
Specifically, the multiple deposit bonus is the same as the regular welcome bonus, but it ranges up to three or four different bonuses. These are often referred to as second, third, and fourth deposit bonuses. After each deposit, they will be a little less generous than the first, for example:
- First Deposit: 100% up to $400 + 200 free spins;
- Second Deposit: 75% up to $300;
- Third Deposit: 50% up to $200 + 50 Free Spins;
- Fourth Deposit: 20 free spins.
Reload bonuses (bonuses on special occasions): The reload bonuses usually come as part of the welcome offer but as a standalone promotion. However, they are generally only available on a specific day or month to gamblers who have made a previous deposit.
It can be said that the reload bonus can significantly improve the account balance, but players should only claim it after reading the terms and conditions carefully. In addition, the size of reload bonuses will depend on the generosity of each betting. They can vary from 25% or possibly up to 500%.
Example: At JetBull, you can get a 50% weekly reload bonus of up to $35 if using the Astropay payment method.
Besides, some betting sites may combine reload bonuses with free spins to play at their betting products. Therefore, if you love betting, claiming a reload bonus with dozens of free spins makes perfect sense.
Is a Deposit Bonus Worth It?
In general, claiming deposit bonuses is an individual right of each bettor. Even so, the advantages they offer are often generous, allowing you to experience specific games at the sites to the fullest extent, even if you don't win. On top of that, deposit bonuses can increase your chances of winning even though you are a newbie.
However, remember that not all bonuses are transparent and worth claiming. Therefore, read the terms and conditions carefully before taking advantage of any prize.