Matched Deposit Casino Bonus: How It Works

Those who have ever visited an online casino have probably seen a promotion offering a matched deposit bonus. 

It’s the type of bonus that does exactly what it says on the tin; whatever is deposited will be matched. But whether players are online casino connoisseurs or complete newbies, there are a few things to consider before taking up the offer. 

How Do You Actually Get the Bonus?

Claiming a matched deposit bonus is usually as easy as signing up to a casino that offers one, making a deposit (there may be a minimum), and may also require a code.  

The bonus funds are typically added to the account right away, or at least shortly after the deposit has been confirmed by the site. Once added, the bonus can be used on games like online slots, blackjack or roulette, as long as it’s covered in the terms and conditions of the offer. 

What Are Wagering Requirements?

With a matched deposit casino bonus, while the funds are added to the account, they can’t be sent over to a bank account straight away. Online casinos will add wagering requirements, which means users will have to bet a certain amount, based on the value of the bonus, before any winnings can be withdrawn. Sometimes, the requirements even cover the deposit amount, too, making it more difficult to get out. 

For example, if a player got a £20 bonus with an offer with a 35x wagering requirement, they would have to bet £700 before the money can be withdrawn. Now, if the terms were 35x on both the bonus and the deposit, the amount that they would need to wager doubles to  £1,400. 

Types of Match Deposit Bonuses

These kinds of bonuses aren’t just for new players signing up for the first time, as casinos offer several other variations to cater to all types of players. 

• Single Deposit Match Bonus: A one-time offer, often for new players who haven’t signed up yet. These typically give 100% of the deposit as bonus funds.
  
• Multiple Deposit Bonuses: Bonuses that stretch over the first two, three, or even five deposits. This is designed for those more likely to stick around.
  
• Reload Bonuses: These are given to existing players as an incentive to persuade them to make a deposit. They’re usually smaller than the 100% seen with sign-up offers, but it’s better than nothing.
  
• High Roller Bonuses: Designed for players who often deposit big amounts. Casinos might offer a 50% bonus or more just for high-stakes players to help keep them on their website.
  
• Deposit and Spins: Some online casinos, like PokerStars, match bonuses and throw in some free spins alongside the cash to sweeten the deal.

Match Bonus vs. No Deposit Bonus

Another common offer seen with online casino sites is the no deposit bonus, which gives players free funds or spins just for signing up, with no deposit needed. Sounds great, right? Well, it can be, but there are strings attached. No deposit bonuses usually come with much stricter terms, higher wagering requirements, and lower withdrawal limits. They can be for people looking to get started as well as those who want to check out a new platform without committing to anything. 

Matched bonuses, on the other hand, reward players who are ready to play games on a particular online casino. They can be more generous, as it means real money is being deposited and used. 

Does PokerStars Have a Matched Deposit Casino Bonus?

New PokerStars Casino players can claim a 100% matched deposit bonus of up to £500. There is a minimum deposit amount of £20 when using the code ‘FIRST500’, which will double the account’s opening balance.

These new signups also get 50 Free Spins on selected slot games like Book of Dead and Gate of Olympus, with each spin worth £0.20. As for the wagering requirements, players will need to earn five redemption points for every £1 of the bonus before it can be withdrawn.