Many online betting sites have a unique first deposit match bonus on your first deposit as a new customer. As the name suggests, this reward is of the same value as your first deposit at the bookmaker.
So what do deposit match bonuses entail, and which sports can you bet on using these promotions? Read on to find out:
Understanding the Casino Match Deposit Bonus: What Does it Entail?
A match deposit casino bonus is a promo that online gaming sites give players when they deposit money. When you make a qualifying payment, the site matches a percentage of your deposit with these additional funds. For example, if you deposit $100 and the casino offers a 100% match bonus, you’ll receive an extra $100 as a casino bonus fund that will double your initial deposit.
However, these bonuses come with unique terms and conditions set by the platform. They may include play-through requirements, implying that you must bet a certain amount before withdrawing your bonus funds. In addition, various online casinos have unique eligibility criteria and specific details for this bonus, so it’s important to carefully review the terms and conditions of the bonus you receive.
Overall, a match deposit casino bonus gives you an opportunity to boost your balance and extend your gameplay at the online casino, but it comes with unique conditions.
Exploring How Match Deposit Bonuses Function
A match deposit bonus rewards you with a specific percentage of the deposit as bonus funds. To unlock this promotion, you have to deposit a minimum amount set by the bookmaker. Additionally, the sportsbook has a limit on the amount they will match.
For instance, a bookmaker may offer a 150% match deposit bonus of up to $500 for a deposit of $10 and above. If you deposit $200, the bookie will deposit $300 as bonus funds in your account. This gives you $500 to wager ($200 deposit + $300 bonus). Additionally, this offer has an expiration date that you have to use to bet the bonus.
Lastly, you have to meet certain betting requirements before withdrawing the match deposit bonus. For example, a bookmaker may have a 10x wagering requirement, implying that you have to multiply your bonus fund ten times before cashing it out. Thus, if you’ve got a $300 bonus, you’ll need to bet $3,000 ($300 x 10) before removing any bonus funds from your account.
The table below shows examples of wagering requirements set by various sportsbooks, the minimum match deposit bonus available, and the amount you have to wager to withdraw the bonus funds:
|Sportsbook||Match Deposit Bonus||Wagering Requirement||Match Deposit Bonus Validity|
|PointsBet||100% up to $2,000||Bonus is non-withdrawableBonus can be used only in markets with fixed odds of 200 or above||2 Weeks|
|BetMGM||100% up to $1,500||Bonus is available when you lose your first betFor a bet of $50 and below, a single bonus bet of equal valueFor a bet of $50 and above, 5 bonus bets 20% of your first bet||1 Week|
|bzeebet||100% of up to $1,000 + free spins||Bet $20 for games with a minimum odd of 2.00Use all your match depositWithdraw winnings||5 Days|
|10bet||50% of up to £50||8x wagering requirementCash out bets do not qualify for match bonus withdrawal||60 Days|
|Luckster Sport||200% up to £200 and 100 spins||35x wagering requirementMinimum bet of £10||2 Weeks|
Common Types of Casino Match Deposit Bonuses
Most online casinos offer the match deposit bonus as a sign-up offer to motivate new players while existing customers receive ongoing, customized match deposit bonuses. The most common match bonuses include free spins, which help you stay active on the betting platform while improving your winning potential.
As shown in the table above, casino match deposit bonuses are available in different variations. The most common match bonuses are 50%, 100%, and 200%:
50% Match Deposit
A 50 percent match deposit gives you a 50% bonus on the amount you deposit into your betting account. For instance, you’ll receive a $30 balance for depositing $20 in a sportsbook with this offer.
100% Match Deposit
The 100 percent bonus match deposit entitles you to a 100% bonus after depositing the qualifying amount. This is the standard bonus for most casinos and is believed to be the fairest reward in the iGaming industry. For instance, a $100 deposit gives you $200 in gaming bonuses for matched betting.
200% Match Deposit
At times, the 100% match deposit bonus may seem inadequate, and you’ll need to identify ways to lengthen your playtime. A 200% match deposit is among the main ways you can accomplish this. For example, if you deposit $100 and the sportsbook matches the amount with a 200% bonus, you’ll secure $300 to play with. The extra funds will allow you to play new slots, adventure more games, increase your stake, and improve your wagering skills without risking your valuable money.
Match Deposit Bonuses With Free Spins
Some betting sites include free spins in their match bonuses. You can only use this offer on unique slot games on the platform. The number of free spins you can receive varies from one sportsbook to another, depending on the nature of the bonus.
Risk Free Bets
As the name suggests, a risk-free bet is a promotional offer that a bookmaker gives you when you sign up for the first time. Generally, it gives you an opportunity to recover after losing the first bet and is mostly equal to the first amount you staked.
Money Back as a Free Bet
Money-back bonuses are as the name suggests: the sportsbook refunds your stake if you don’t win the bet. This offer is commonly available at major bookmakers. The free bet promotion applies to unique situations, but you can receive the money-back guarantee on risky bets. Accumulators are the most common types of bets for money back and act as insurance for your bet.
Other types of match deposit bonuses that online casinos offer include:
- Deposit Method Bonus: This bonus is available depending on the method that you deposit with. Generally, the payment method may add 5% to your amount.
- Multiple Deposit Bonus: This is one of the most generous match deposit bonuses available, and it comes in up to four continuous deposits. Typically, you’ll receive the first deposit match bonus, and other three or four bonuses.
- VIP Bonus/High Roller: This bonus is reserved for VIP members who make higher deposits. The most available offer in this category is a 50% match deposit of up to $1,000 or more that varies depending on the betting platform.
- Reload Bonus: This is typically a 100% match bonus that you can use in place of the welcome offer. Betting platforms generally give this bonus to existing customers so as to encourage them to stay on the site.
- Promo Codes: You may be required to have a unique promo code to unlock a bonus from a sportsbook. The best bookmakers allow you to use the bonus code after making the first deposit, and you can use it to initiate first deposit bonuses. Other times, the first deposit offer will be available with specific wagering requirements.
- Welcome bonus: Most sportsbooks find a creative way to attract new customers. Welcome bonuses may involve various elements, and you may find casino or sports bonuses at some betting sites. Always check out the terms and conditions before taking advantage of this bonus.
Difference between Match Deposit Bonus & No Deposit Bonus
Unlike the match deposit bonus, a no deposit bonus allows you to register on an online casino betting platform and start playing immediately without necessarily making any deposit.
Most often, punters choose casinos with no-deposit bonuses to receive this offer, which gives them a great opportunity to try out various games.
However, this offer is disadvantageous since most players never deposit at the casino after losing their bonus. This is making betting platforms identify ways to solve this undesirable problem among players. For instance, they are setting unique match incentives to create a fair game for gaming providers and players.
After understanding how online casino bonuses work, you can maximize their benefit and adjust according to the wagering requirements. Fortunately, we constantly look for online betting casinos with minimal playthrough conditions.
Tips for Finding the Best Match Deposit Bonus
Various bookmakers have unique requirements for players to qualify for the match deposit bonus. Therefore, you need to be cautious when choosing a prospective casino to secure this offer. Here is the way to go about it:
Understand the Bonus Terms
When you find a lucrative match deposit bonus with free spins or other perks, take time to understand the existing terms and conditions. In most cases, you’ll have a limited duration, such as 3 days, to utilize the offer. Failing to do so can make you lose your well-earned extra spins.
Meet the Minimum Deposit Requirement
Every betting platform has a minimum deposit requirement to claim a bonus. You must adhere to these conditions to secure the match deposit bonus. Consequently, you’ll not be eligible for this offer without meeting these criteria.
Check the Withdrawal Limits
Most match deposit bonuses come with maximum withdrawal limits. Typically, you won’t withdraw more than the set amount from the bookmaker, regardless of your earnings. It is therefore important to check out these conditions before enrolling on a platform.
Understand the Playthrough and Rollover Requirements
You’ll mostly need to meet certain rollover and playthrough requirements before withdrawing any winnings from your betting account. Take time to understand the conditions set for your deposit match bonus. Additionally, identify the timeframe provided to meet these requirements.
Deposit Match Rate
The deposit match rate is the ratio by which the sportsbook matches deposits. It gives you a good overview of the offer’s value. For instance, a bookmaker can match up to $1,000 with just 20%. You will need to look for a betting platform with a great match percentage. The best sportsbooks provide even over a 100% deposit match.
For instance, a bookmaker offering a 20% match deposit and a maximum limit of $1,000 will give you $200 after depositing $1,000. On the other hand, a site offering a 100% match deposit rate will give you a $200 bonus after depositing $200.
Deposit Match Limit
Based on these offers, deposit matches limits are the maximum amount you can secure from these bonuses. For instance, you can secure more bonus funds from a promotion with a $500 limit instead of $250. Experienced punters may be looking for high bonus funds when signing up with a new bookmaker. On the other hand, new punters mainly focus on getting a high chance of winning cash instead of large bonus funds.
Claiming Matched Deposit Sports Betting Offers: Step by Step Guide
If you’re fascinated by claiming a matched deposit offer, you should carefully follow the required procedure so as to take advantage of it. Here’s how to go about it:
1. Compare Various Sportsbooks
With so many bookies out there, it’s essential to spare your time to identify the best option for you. Compare various top sports betting sites with a matched deposit bonus. To identify the best bookmaker, consider the odds, mobile compatibility, market rate, and choose a platform that suits your needs best.
2. Check the Terms and Conditions
Similar to any online betting offer, check the bookmaker’s terms and conditions to ensure you’re accommodated. Most matched deposit bonuses have unique time limits and wagering requirements, so read the print. This will give you a good idea of what you need to claim your bonus cash.
3. Sign Up and Use the Promo Code
After reading our reviews and choosing your prospective bookmaker, it’s time to create an account. Find the link to the bookie and fill in your personal details. Remember to use the promo code if the matched deposit bonus comes with one when registering!
4. Deposit and Claim
After you have created an account, proceed to the deposit page, choose a suitable payment option, and fill in the amount you wish to deposit. It may seem like a good idea to deposit a large amount to claim a large bonus, but remember to risk what you can afford to lose. Get in touch with BeGambleAware.org or the National Gambling Helpline if you’re concerned about your gambling habits.
5. Start Wagering
At this stage, you have made your qualifying deposit, the deposit match bonus is added to your bankroll, and you’re set to start betting. You’ll have a variety of betting markets on these top sportsbooks. Check out the available offer, stake the required odds, and place your first bet.
How to Withdraw Your Funds from a Match Deposit Bonus
Various online betting casinos will allow or limit you to cash out the match deposit bonus. In most cases, sportsbooks won’t allow you to withdraw the bonus amount in full. Instead, you can only withdraw the winnings after wagering the bonus funds in the casino games. This bonus type is known as non-sticky or cashable.
In other scenarios, you may find casinos offering sticky bonuses that you cannot cash out even after winning.
Therefore, ensure that the match deposit bonus available at the bookie is fully cashable. To ascertain this, always inspect the terms and conditions at the casino before making a deposit.
Typical Terms and Conditions for Match Deposit Bonuses
Like other bonuses available at betting casinos, matched deposit bonuses also have unique conditions that you should always investigate. The first and most important item on your checklist should be reading the bonus terms and conditions.
Below are the main terms and conditions to check out before signing up with any sportsbook:
Minimum odds are the lowest odds you can stake while using your match deposit bonus. Most sportsbooks impose it as a requirement to ensure that punters don’t exploit them by placing low-risk bets with nearly guaranteed outcomes. By setting this threshold, bookies encourage punters to make competitive and balanced bets.
It is essential to understand the minimum odds requirements to enhance your betting strategy. If you place bets on events with odds below the specified minimum, they may not count towards meeting the bonus conditions. In turn, this can limit your ability to unlock and withdraw the bonus winnings.
Online betting sites offer match deposit bonuses with a specific time limit. Most bookmarkers clearly state this limit on their terms and conditions and can go for up to 60 days after registration. This means that the bonus will be available at your betting account for a specific time, after which it will expire with any winnings.
To claim your match deposit bonus, you will often have to meet the minimum deposit limit (except for no-deposit bonuses). Most sportsbooks mainly set the minimum mark between $10 and $20. Generally, the size of the set limit determines how you can play using the bonus. This mainly applies in situations where the wagering requirements consider the initial deposit and bonus. Higher minimum deposit limits will force you to play through more.
Sportsbooks won’t allow you to use the match deposit market in any market. They generally include major sports such as tennis, horse racing, and football, but it is essential to confirm if the sport you are willing to stake in is available. Similarly, if the matched deposit is related to a given event, such as EPL, you might be limited to wagering only in that market.
Most sportsbooks accept debit cards as a universal payment option to qualify for the match deposit bonus. You should always screen a bookie’s T&Cs for any deposit you wish to make to qualify for this offer. For instance, making first payments using e-wallets such as Skrill and Neteller can disqualify you from getting the bonus from the bookmark. Prepaid cards are also commonly allowed, but always check before depositing or you risk missing the bonus.
One condition that has the potential to undermine your match deposit bonus is a winning cap. Basically, this is the amount you can withdraw from the offer, and winnings above the limit will be forfeited. For instance, if you win $100 and there is a win cap of $60— you’ll lose the extra $40.
Although this appears frustrating at first sight, we recommend these caps as a sign that your session was successful. Nonetheless, it is great to withdraw any profit from a bonus, regardless of its size. This requirement is not quite common in matched deposit bonuses and mostly applies to free spins. However, we recommend that you always check to avoid unpleasant surprises.
If you can use the matched deposit bonus at the site’s online betting site, you should always search for applicable game restrictions. Slots are safe bets for a matched deposit, but you may find exceptions such as progressive jackpot games missing. There’s also a possibility that you cannot use the bonus offer on live casino games, although table games act as a fair game.
Best Payment Methods Used in Deposit Match Bonuses Sites
Every casino player needs a convenient, quick, and accessible payment and withdrawal process. Additionally, punters need to understand how to make a successful payment, transfer casino winnings into their bank account, and handle casino cash outs.
Below are the most popular payment methods that most sportsbook offer for match deposit bonuses:
Debit and credit cards are of the same appearance, presenting an expiration date, a 16-digit card number, and an EMV chip. You can use these cards to make online purchases. However, debit cards use money from your bank savings account, while credit cards use loans within a specific credit limit.
Debit cards are a secure method of making an online payment since they are linked directly to your bank account. Additionally, it is the most popular method that casino players use, as it transfers winnings directly to the bank account.
Most casinos accept Mastercard, Visa, Maestro Debit, and Visa Electron.
If you like depositing into your betting account through an online transaction, e-wallets are a great option for you. This payment method is quite advantageous as it allows you to evade conversion and bank rates.
The following are the most common e-wallets that players use to deposit into their online casino accounts:
- Skrill: This is a user-friendly money transfer method that has 24/7 customer support. Most players love the fact that it charges low withdrawal and deposit fees.
- PayPal: Is a popular global online payment option with over 337 million users that transfers money directly to the bank account.
- Neteller: This is a rewarding online payment option that rewards you with points on every transaction. Additionally, it safeguards and ensures your bets end appropriately if you use it to make payments to your online gambling account.
Similar to debit cards, prepaid cards allow you to preload them with money that you can use to make a purchase. Most casino players like these cards for their enhanced security and privacy.
Suppose you are concerned about compromising your privacy and security by using your credit or debit card to play a casino game. In this instance, a prepaid card is a great option, as it doesn’t require you to disclose any personal information. You can also use these cards to reward your friends who are iGaming enthusiasts.
Sports to Bet On Using Your Matched Deposit Bonus
There are no limits based on sports that have matched deposit offers. Whether you’re looking for the best horse racing betting site or golf betting site, you’ll often find a perfect offer for you. However, most sportsbooks make matched deposit bonuses available for specific sporting activities. Online bookmakers anticipate extra interest, and you may find match deposit bonuses at this point require a higher amount than normal.
Matched Deposit NFL Offers
It is quite usual to land a matched deposit bonus for NFL action. This is particularly true during the beginning and the cup finals of the league. Explore various NFL betting sites and investigate whether you can secure a 100% or higher matched deposit NFL bonus after signing up for a new account.
Matched Deposit NBA Offers
The NBA is a popular competition that consists of top American basketball teams competing for an award. If you’re seeking to secure a matched deposit NBA offer, consider heading to the best NBA betting sites providing this bonus. This will help you enjoy double rewards during the action.
Cheltenham Matched Deposit Offers
Cheltenham is a one-week annual festival in which bookmarkers demonstrate their generosity. Therefore, you may find your first minimum deposit combined with the Cheltenham matched deposit offer. In other cases, you might be given a huge bonus over your deposit amount.
Grand National Matched Deposit Offers
Not all sportsbooks are willing to issue Grand National offers beyond win-or-place terms. However, you may find some brave horse racing wagering apps or sites willing to issue a Grand National matched deposit bonus. It is worth considering exploring the potential for greater value in a race with 40 runners.
Matched Deposit Soccer Offers
It’s good to increase your funds if you’re willing to stake a bet. Fortunately, there are many soccer betting platforms willing to offer a 100% matched deposit bonus, while others offer it as real money instead of a matched bet. Others also go the extra mile by providing reload offers to existing players and could focus on big tournaments like the Champions League.
MLB Matched Deposit Offers
Most baseball enthusiasts will always seek ways to make use of betting site offers before the beginning of the MLB season. Luckily, bookies offer generous bonuses during the World Series. Explore the various MLB-matched deposit offers presently available.
Bookmakers also cover several additional sports, and you can take advantage of the deposit match bonus offer available. They may not have a match deposit bonus game requirement, and you may use your bonus for tennis, cricket, darts, or snooker. However, you may find certain markets with existing restrictions, such as handicaps.
What are Matched Deposit Betting Offers?
Matched deposit betting offers are promotions where betting sites match a percentage of your initial deposit with bonus funds. For example, a 100% deposit match offer doubles your deposit amount. These deals give you extra betting credits to enhance your wagering experience.
How do Matched Deposit Sports Betting Offers Work?
Matched deposit sports betting offers work by rewarding you with bonus funds based on your initial deposit. The site matches a percentage of your deposit, typically ranging from 50% to 200%, giving you extra money to place bets.
How do You Find Matched Deposit Online Betting Offers?
To find matched deposit online betting offers, regularly visit betting sites and their promotions pages. Sign up for newsletters, follow them on social media, or use betting comparison websites to stay updated on the latest offers.
What are the Best Betting Sites for Matched Deposit Betting Offers?
The best betting sites for matched deposit offers can vary based on your preferences. Major sportsbooks like Bet365, William Hill, and Betway often feature attractive promotions, but it’s wise to compare offers from multiple sites to find the best one for you.
Do all Betting Sites have Matched Deposit Offers?
No, not all betting sites offer matched deposit bonuses. These promotions are at the discretion of each sportsbook. While many major sites provide them, some may focus on different types of promotions, so it’s essential to research before choosing a platform.
What are the Usual Wagering Requirements for Match Deposit Bonuses?
Wagering requirements for match deposit bonuses typically range from 5x to 50x the bonus amount. These requirements mean you must wager the bonus funds a specified number of times before you can withdraw any associated winnings.
Are Match Deposit Bonuses available for all Players?
Match deposit bonuses may vary by region and sportsbook. Some offers are available to all players, while others might be restricted to new customers or specific regions. Always check the terms and conditions of the promotion to see if you’re eligible.
What is a 100% Match Bonus?
A 100% match bonus doubles your initial deposit. For example, if you deposit $100, a 100% match bonus would give you an additional $100 in bonus funds. This means you start with a total of $200 for betting, providing more opportunities to place wagers and potentially win.