What is a deposit bonus at online casinos?
About Deposit bonus in New Zealand
In New Zealand, online gaming has been on the rise, thanks to the unparalleled innovativeness in the online gaming niche. Undoubtedly, online casinos are more convenient compared to driving to your local casino just for a few rounds at your favorite pokie machine. To weather down competition, most online casinos accepting New Zealand players offer a myriad of bonuses; chief among them being the deposit bonus.
What is a deposit bonus?
On your daily browsing sessions, I am pretty sure you have stumbled across an ad promising you a certain percentage bonus if you join the said casino. Well, the deposit bonus is a type of bonus given by online casinos after making a deposit.
- Several types of a deposit bonus
Deposit free spins– Although a handful of online casinos offer free spins after registration, most online casinos activate the free spins after you make your first deposit. Also, you may not be able to use the free spins on any game but you may be restricted to a specific game.
Match bonus– another variant of the deposit bonus is the match bonus which happens to be the popular type of deposit bonus. The match bonus is usually expressed as a percentage of deposited funds and the more you deposit, the more you get.
How does a deposit bonus work?
For instance, if an online casino offers to give you 80% bonus on your deposit, it means that your gaming account will reflect an addition $80 if you deposit $100. However, it is worth noting that deposit bonuses usually have an upper limit. If you deposit funds beyond this limit, you only receive the maximum bonus. If the upper limit is let’s say $500, even if you make a deposit of $2000, you will only get the maximum $500.
How do I receive the deposit bonus?
To receive the deposit bonus you first have to sign up for an account with the casino offering the bonus. As mentioned earlier, the deposit bonus is tied to your deposit and hence you have to add a payment method on the banking section. At this juncture, it is important to note that the payment method you select when making a deposit can disqualify you from the bonus. Therefore, it is imperative to read the bonus terms and conditions before making a deposit to avoid missing out on the bonus.
In most cases, the bonus is credited to your account instantly after making a deposit. However, in some instances, you have to input a unique bonus code when making a deposit to receive a deposit bonus.
Before you can withdraw a deposit bonus, you have to first meet the wagering requirements. The wagering requirement denotes the number of times that you must wager the bonus before you qualify to make a withdrawal. For example, if a casino has x50 wagering requirement and you get $300 as a bonus, you are supposed to wager a total of $15,000 before requesting a withdrawal.