What Is Deposit Match Bonus, and How Does It Work?
In an effort to get more players to join online casinos, operators constantly innovate and expand their game libraries. To further stand out from the competition and encourage real-money gambling, these platforms offer a variety of bonuses, one of which is called the deposit match. New Jersey is the online hub of US casinos, and all platforms in the state offer this incentive.
What Is a Deposit Matching Bonus?
Casinos envisioned this bonus to create a positive environment for players when depositing money into accounts. This common incentive gives players money to spend on their favorite online casino games.
As the name suggests, gambling operators match the user’s investment with additional funds. This incentive can be arranged in several ways, and these real casinos can be accessed online.
How It Works?
The house can match users’ down payment as part of a welcome bonus, reload incentives, VIP programs, or a special event. Each matching offer covers deposits with percentages. For example, a welcoming package usually matches 100% of the initial investment.
The other important term is the maximum cap of the promotion. While it can state that it covers 100% of the customer’s investment, the cap is usually set at $300 or $500. So, if a customer deposits $400 in a casino that matches 100% up to $300, they will have a $700 balance.
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Types of Matchup Offers
In most cases, new gamers will get a sign-up reward of 100%, but on rare occasions it can go up to 200%. However, the matching percentage may also be lower than 100%, which does not necessarily make the bonus not worth claiming, as its actual value depends on the wagering requirements and additional rewards. Here are some scenarios where a smaller percentage can be considered reasonable.
- The welcome package might include three or four consecutive bonuses. The first one still tends to be 100%, while the next ones get progressively smaller (e.g., 70%, 50%, 25%). Although the subsequent parts of the package are certainly less appealing than the initial boost, these still provide an advantage over casinos that do not provide any incentives other than the one for the first deposit.
- Reload bonuses with a smaller percentage can also be viewed in a similar light, as they are an additional boost for continuous gameplay, rather than a massive one-time payout.
- If an incentive is connected to a payment method, customers can expect a slight boost to their account, ranging from 5% to 10%, which may even be compatible with other promos.
- High roller bonuses come with a much higher cap that can exceed $1000, and usually, websites offer 50% on top of the gamer’s money.
Another typical option is associating matching payment incentives with Free Spins. These complimentary spins are usually tied to a specific online slot game. The best thing about adding free spins is that it doesn’t require large user payments, as their number tends to be fixed regardless of the deposit amount.
Users Should Pay Attention to the Rules
Additional funds on the user’s balance are undoubtedly valuable and give more opportunities to play and give the house a chance to grow further. Simultaneously, they come with a set of rules and requirements. Players should pay attention to the maximum amount so they won’t be disappointed if their investment isn’t doubled for payments above the cap.
Each matching incentive has wagering requirements, or the number of times gambling websites expect customers to play through the added balance. Also, not all games contribute in the same way. Slots usually contribute the most to the playthrough requirements, but other casino games have smaller percentages.