Getting a bonus on your first deposit has become extremely frequent in the world of online gambling. It sets players away on the right foot when they open an account with a bookmaker and are often used as part of a new customer offer. Below, we are going to talk more about the 100% first deposit bonus and how it can benefit players.
What is a 100% First Deposit Bonus?
As you may have guessed from the name of the offer, the 100% first deposit bonus gives players the opportunity to double their first deposit amount. It is a popular offer due to the fact you are immediately given bonus money to play with for simply making a deposit into your account.
The bonus amount will vary from each bookmaker, with some offering a higher bonus return than others. It will also be capped at a maximum amount and you will usually have to deposit a minimum amount of around $10 to qualify for the offer.
For example, a bookmaker may require customers to deposit a minimum amount of $10 to qualify for a 100% first deposit bonus, with the bonus being capped at $200, meaning those who make a first deposit of $200 will then have $400 to play with in their bookmaker account. If the bonus is capped at $200 and you deposit $300, you will have a total of $500 in your account to play with, with $300 in cash and $200 in bonus funds.
What terms come with a 100% First Deposit Bonus?
Players will usually be expected to complete wagering requirements when they redeem a 100% first deposit bonus. This will again vary between each individual bookmaker 100% first deposit bonus, with it being at the sole discretion of the bookmaker at how big the wagering requirements will be. As a general rule of thumb, the greater that the 100% first deposit bonus is, the greater the wagering requirements that come alongside them will be. You will have to play through all of the wagering requirements before you are able to then complete a withdrawal with the money as cash.
These are included by the bookmaker to provide fairness on their side, with the carrot of the first deposit bonus coming alongside the catch of you having to turn over the bonus winnings a certain number of times. Just because there are wagering requirements involved does not mean that you will not be able to come away from a first deposit bonus with cash. You still have every chance of winning big and the wagering requirements won’t be unrealistic to the point where you can’t win.