What is a 200% Casino Bonus?
Possibly the most common bonus in the online casino industry is the first deposit bonus. What this means is that, once you make your first deposit into your casino bankroll, the casino will then give you some house money based on how much you deposited. Typically, they match it flat out, so if you deposit $100, they give you $100, and you’re left with a $200 mixture of your money and bonus cash. Some casinos, however, offer a 200% casino bonus on deposit, meaning that your $100 will get you $200 in bonus cash. $300 will get you a long way and it’s even nicer when only $100 of it was yours.
200% Match Bonus on Deposit
Before you get too excited, it’s important to know that these bonuses always have caps. That means only a certain amount will count towards the bonus. If the cap is $500 and you deposit $1,000, you’ll only get a match bonus on the first $500. With a 200% match bonus on deposit, expect a fairly low cap. After all, $1,000 would get you $2,000 in bonus cash, and the casino would be taking a big risk at that point. Casinos don’t like to take risks. Keep an eye on that cap and make sure it’s even worth your time.
First Deposit Bonus
It’s also important to check out the wagering requirements before you go for that 200% first deposit casino bonus. The wagering requirements tell you how much you have to gamble through before you can cash out. If you deposit $100 and you get $100 in house money, you have $200 to gamble with. If the requirements are 25x, that means you have to gamble through $5,000 before you can cash anything out. Now, this happens faster than you would think, but it’s still a big commitment. It’s not surprising that most of these bonuses don’t result in any sort of profit.
Other match bonuses: 300% Casino Bonus