Deposits bonuses are extremely common and they are one of the easiest bonuses to understand. Although they come in all different shapes and sizes, the most common one is the 100% matching deposit bonus. You can also find 25% matching deposit bonuses, 50% matching deposit bonuses and in some cases you can find whopping 200% matching deposit bonuses. Basically, when you make a deposit in to an online casino, the operator of that casino will match your deposit by a certain percent.
If the welcome bonus is a 100% matching deposit bonus worth up to NZ$500 / AU$500, it means that you can deposit anywhere up to $500 and the casino will then match your deposit dollar-for-dollar. There is usually a minimum amount that you have to deposit to claim this kind of bonus and this is generally somewhere in the region of $5.00 to $20.00. Don’t deposit more than the bonus is actually worth because the casino will not give you any more bonus cash than the maximum bonus amount is actually worth.
In other words, you can fully maximise this bonus by depositing the full $500. The online casino operator will then give you $500 on top of your deposit which can then be used in the casino as playable bonus cash. So instead of having just $500 to play with, you now have a massive $1000 to play with. If you deposit just $20, you’ll end up with a total of $40 to play with. If you deposit $50, you’ll end up with a total of $100 to play with, and so on.
One of the only downsides to this type of bonus (and most other online casino bonuses) is the wagering requirement which will you will have to complete. This particular policy is also often referred to as the playthrough requirement and it is something that you have to complete before you can cash out. Most matching deposit bonuses come with somewhere between a 30x to 50x times wagering requirement and you normally only have a certain amount of time to complete these wagering requirements otherwise you would simply forfeit your bonus cash.
If you deposit a mere $20, the 30x times wagering requirements means that you would have to wager a total of $600 in the casino before you can cash out any winnings that you make. There is no way of getting out of this, so start playing straight away to try and complete those annoying wagering requirements and before you lose out on any winnings that you have managed to earn. It doesn’t matter which casino you play at and it doesn’t matter which kind of bonus you accept, you can pretty much guarantee that you will have to complete wagering requirements before you can withdraw any of your winnings.