Currently, the best casino deposit bonus can be found in casinos. The casino offers a 100% match bonus up to $100 for all new players. This casino bonus has an x30 wagering requirement with excellent contribution rates. To learn more about the mechanics of an online casino deposit bonus please read below.
Casino Deposit Bonus:
A casino deposit bonus is the best way to encourage players to sign up and deposit at an online casino. Unfortunately for the untrained eye, not all casino deposit bonuses are not created fairly. There are three elements to a casino deposit bonus: (1) wagering requirements (2) game contribution rates and (3) bonus amount. All three of these elements need to be understood before accepting a casino deposit bonus.
Casino Bonus Wagering Requirements:
All online casinos have wagering requirements attached to their bonuses. A wagering requirement is how much you have to wager before you can withdraw the bonus. Wagering requirements are usually x30 to x60 of the amount of the bonus. The lower the wagering requirement the better. So for example, if you deposit $100 and the casino offers you a 100% match bonus and the wagering requirements are x30 then you would have $200 to play with and the wagering requirement would be $3,000 ($100 x 30). The wagering requirement means you would need to bet a total of $3,000 before you can withdraw any funds. Our recommendation is to only accept a casino deposit bonus if the wagering requirements are less than x40.
Game Contribution Rate:
Each game has a different contribution rate toward wagering requirements. Slots have the worst odds so the contribution rate on slots is always 100%. Craps and blackjack have the best odds so the contribution rate for blackjack and craps is always lower, usually around 5% to 10%.
An example of the effect of contribution rates is as follows: you are a blackjack player and a casino matches you $100 and the wagering requirements are x30 and the contribution rate for blackjack is 10%. This means that you will have to wager $30,000 ($100 x 30 x 10) before you are able to withdraw even a single dollar. Therefore, if you are a low-stakes blackjack player it is never advisable to accept a match bonus. Think about it, if you bet $1 per hand then you would have to play 30,000 hands before you can withdraw your money.
Bonus Amounts:
The amount of the casino deposit bonus is usually 50%, 100%, 150% or 200%. The higher the match bonuses the higher the wagering requirement and the higher the wagering requirement the more unlikely it is that you will be able to withdraw any of your money. That being said, we do not recommend a deposit with a wagering requirement greater than x 40. This means that the most optimal match bonus will likely be a 100% match bonus or less. Sometimes it will be the 100% match bonuses of just $20 that are the best bonuses to grab because the wagering requirements will be very low.
Caveats:
There are two caveats attached to casino bonuses. One, after accepting a casino bonus your funds are effectively locked in. You cannot withdraw your deposited funds or the bonus amount until after you have satisfied the wagering requirements. Two, casino bonuses are set mathematically against players. This is because of high wagering requirements and unfavorable payout rates. The payout rate on the average online slot machine is 96%. This means that for every $100 wagered the player will lose $4. So if the casino offers you a $100 match bonus with an x30 wagering requirement then the casino is expecting that you will lose exactly $120 (4% x $100 x 30) before you are eligible to withdraw a single dollar. So sometimes it is best not to accept a casino deposit bonus.