Match Bonus at Online Casinos
Casinos typically offer to match at least 100% of the first deposit that a player makes, but others could offer a higher percentage. It's also possible to find casinos that break down the match bonus into a few different deposits so that there is an ongoing incentive to add money. The highest match bonus is usually offered on the initial deposit, with a 100% bonus basically doubling the money put into the casino. Minimum requirements are typically £10 to qualify for the bonus, and it's as good as real money that can be withdrawn by the player.
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Land-based casinos and online casinos are distinctly different with the latter having a number of upsides over the former. The main difference between the two type of casinos is the fact that you always stand a chance to get hefty bonuses from online casinos whereas it is virtually impossible to get a bonus from a land based casino. Some of the bonuses that you can get include free spins, no-deposit bonuses and match-up bonus. Today, we will be focusing on the Match Up Bonus.
What’s the Match Bonus?
To reduce the risk of losing too much in form of bonuses, online casinos have designed ways to ensure they get something in return. The match Bonus is a common type of bonus offered by online casinos where a player has to make a deposit to receive the bonus. The main upside with this type of casino bonus is the fact that it does not have a fixed value but it is usually expressed as a percentage of the deposited funds. For instance, an online casino may be offering 100% match bonus on the first deposit. What this means is that your deposit will be doubled.
How Does Match Bonus Work?
As mentioned earlier, the match bonus is expressed as a percentage of deposited funds. Therefore, the size 0f your deposit will be the primary determinant when calculating your bonus. In most cases, the match bonus comes with an upper limit to eliminate cases where players make huge deposits to get equally huge bonuses. For instance, an online casino may be offering a 50% match bonus up to $500. In this scenario, if you deposit $200, you gaming account will reflect an addition $100. If you deposit $1000, you will get $500 bonus. Any amount above $1000 in this case can only attract the maximum bonus which is $500.
Is match bonus free money?
Most players make a habit of mistaking casino bonuses to be free money. Well, some bonus types are literary free money but the match bonus is far from free. Firstly, you have to make a deposit to qualify for the match bonus. Also, match bonus usually has an expiry duration after which any unused bonus becomes inactive. Other gaming restrictions such as minimum wagers further prove that the match bonus is not free money.
Match Bonus wagering requirements
Have you ever heard of wagering requirements? Well, if the term is new to you, wagering requirement is a term used by online casinos to denote the number of times that you are required to wager the bonus to qualify for a withdrawal. And yes, the match bonus comes with wagering requirements. In some cases, the wagering requirement may be as low as 10 times but in other cases, it may be as high as 50 times.
If for example you are given a 100% match bonus on a $200 deposit with a x20 wagering requirement, your account will reflect $300 and you will be required to have placed a cumulative $6,000 to be eligible for a withdrawal.