What to Look For in a First Deposit Bonus?
First deposit offers are usually the ones you want to pay the most attention to, as they are designed to have the biggest bonuses to reel new players in.
Depending on how much you are intending to play with, different deposit bonuses might be suitable for different players.
Usually first deposit offers come in the form of a 100% match up to a specified amount.
For example, a 100% bonus up to £100 is a pretty common offer right now.
Sometimes you might see bigger percentages or bigger limits. But is that always a good things?
Here are the things you need to consider:
1) Does the welcome offer have multiple bonuses or just one?
First of all, it’s important to emphasise that a casino offering several bonuses isn’t necessarily better than a casino just offering one.
However, as a rule of thumb, it is a good sign to see multiple bonuses on offer.
They normally come in the form of:
- A first deposit match offer (e.g 100% up to £100)
- Free spins
Some casinos even offer deposit match offers on the second, third and fourth deposits, albeit with high wagering requirements.
Sometimes you might have a choice of bonuses on offer, which allows you to select the most attractive to you.
However, it is important to keep in mind the more bonuses usually translate to higher wagering requirements. Therefore, if these are something you want to avoid, or at least keep on the lower end, then the seemingly less impressive sign up offers might be the best shout, such as 30 free spins.
You can always find the exact terms of the offer on any of our review pages, or simply by doing a Google search.
2) Is the deposit match offer bigger than average?
If you want to take advantage of a bonus that offers a deposit match offer, it can sometimes be hard to see whether it stands out from the crowd or not.
Generally, a 100% match up to £100 is the standard offer, and the question of whether it is a good one really depends on how much of the bonus you have to wager.
Therefore, when comparing deposit match offers, use 100% up to £100 as the baseline to compare them to.
3) What are the wagering requirements for the deposit match offer?
Equally as important as the size of the deposit match offer are the wagering requirements associated with it. How many times do you actually have to wager the deposit bonus in order to be able to withdraw it?
The higher the wagering requirements, the lower the chances of you actually being able to withdraw the bonus, as you have to risk it more times.
Typically the biggest deposit match offers also have the highest wagering requirements, so it’s all about finding the fine balance between the two.
4) Are free spins included as part of the offer?
Every slots player loves hearing the words ‘Free Spins’, so any welcome offer that can throw these into the mix is instantly promoted up a level.
The amount of free spins you get can range from anywhere from 10 to 500! For example, at BGO, you can get up to 500 free spins just be depositing £10.
If the offer does include free spins, then these are the next things you have to consider:
- How many do you get?
- What are the wagering requirements?
- How quickly are they released?
Sometimes the free spins are released instantly, whereas other times they are released over a 7-10 day period.
Although deposit match offers virtually always have wagering requirements associated with them, free spins sometimes don’t!
Therefore if you see a free spins bonus without any wagering requirements at all, you’ve found the crème de la crème.
5) How much do you have to put in to qualify for the bonus?
Most welcome offers will have minimum deposit requirements and try to incentivise you to make a sizeable first deposit by promising to match whatever you put in.
However, not everyone wants to put in £100 right away, so it’s important to consider which offer could be the best for you depending on whether you just want to play with a small amount, or if you want to claim the biggest bonus you can.
£10 is usually the minimum you have to deposit in order to qualify for the welcome bonus, but some casinos still give you a bonus even if you put in as little as £5.
How to Wager Your First Deposit Bonus – Doing the Numbers
Unfortunately, it isn’t always easy to work out exactly what you need to do to be able to withdraw your first deposit bonus.
While you might just be able to make the minimum deposit to actually claim the bonus, withdrawing it is a completely different story.
In order to be able to withdraw your winnings, there are usually wagering requirements associated with the bonus offer.
For a first deposit offer, typical wagering requirements range from 30x-50x. This means that you have to wager the amount of your bonus 30-50 times in order to be able to withdraw your winnings from it.
An example of how to meet a wagering requirement
To give you an example, let’s say that a casino has a 100% up to £100 first deposit match offer with 40x wagering requirements.
If you deposited £10, you would receive a £10 bonus. If you deposited £100, you would receive a £100 bonus.
However, it is not always the best idea to try to get the biggest bonus, as you will ultimately have to wager more in order to be able to withdraw it.
With 40x wagering requirements, you would have to wager £400 to claim the £10 bonus, or £4000 to claim the £100 bonus.
Put into perspective, this might seem like a ridiculously high requirement. You can, in fact, meet these wagering requirements just using the bonus money, but admittedly you will have to get pretty lucky to have any bonus cash left by the time you have wagered 40x.
With wagering requirements above 30x, the odds are not in your favour to be able to withdraw the bonuses. However, casinos with high wagering requirements typically also have the biggest bonuses, so they go hand in hand with the biggest rewards.
First Deposit Bonuses With The Lowest Wagering Requirements
Unquestionably the most frustrating thing about deposit bonuses are the wagering requirements that often come along with them.
They often make it near impossible to actually claim your bonus, and it a lot of cases you’ll have to keep depositing more money in order to be able to complete them.
Therefore, for our readers that want to avoid high wagering requirements like the plague, here are some of our favourite slots casinos that have low or no wagering requirements at all for their welcome offer!
- PlayOjo – 80 free spins no wagering at all.
- MrQ – 30 free spins no wagering.
The Best Small First Deposit Offers
It’s not always the case that you have to deposit massive amounts of money in order to get a mega bonus.
In fact, plenty of slots sites offer bonuses far bigger than 100%, even for deposits as low as £5.
Here are a range of fantastic first deposit packages if you’re looking to get great value for a deposit less than £10.
50 Free SpinsGet Bonus
300 Free Spins!Get Bonus
✅ How to get a first deposit bonus?
Most casinos will have specific pages you have to sign up on to get their deposit bonuses. Alternatively, you might sometimes have to enter a bonus code when making your first deposit.
🔴 What types of deposit bonuses are there?
The most common type of welcome offer is a deposit match bonus. This is where the casino gives you anywhere from a 50% to a 300% bonus on your first deposit up to a specified limit. You can also get free spins!
💰 How to withdraw your first deposit bonus?
There are usually wagering requirements that have to be met before you can withdraw your bonus. If there are 30x wagering requirements, you have to wager the value of the bonus at least 30 times before you can take it out. However, winnings from free spins can sometimes be withdrawn instantly!
🎁 How do you get free spins?
Some casinos offer free spins on top of a deposit match offer, whereas others offer just free spins. Check the terms of the offer and make sure to check whether there are any wagering requirements on the winnings of the free spins!