Online casino Match Bonuses are just one of the many different types of rewards offered to online casino players. The online casino industry has become extremely competitive over the years. In the early days of online gambling, when there were only a handful of online casinos available to players, operators didn’t have to go out of their way to lure players. However, as the popularity of online gaming increased, many more operators came online. This makes it challenging to not only attract new members, but to keep them loyal as well. Incentives often take the form of free casino chips or spins, or prizes and gifts. The most lucrative bonuses are usually offered in exchange for player registration and the first deposit.
Online casino Match Bonuses are sometimes given to new players in the form of a Welcome Bonus. However, they are more commonly used to entice and reward players for consistently depositing at the casino. It’s one of the more popular ways that the online casinos thank their members for their ongoing loyalty.
Online Casino Match Bonuses Explained
Online casino Match Bonuses get their name due to the fact that the casino matches you dollar-for-dollar based on your initial deposit amount. In order to protect their interests, the casinos usually apply a cap to the amount of money they will match. So, a good example of an online casino Match Bonus might be “get a 100% Match Bonus up to $500.” The casinos have to be careful because by increasing a player’s bankroll, they are also increasing their odds of winning.
Online casino Match Bonuses are advertised in such a way as to make the players think that they are getting free money. It could be considered free money, but in order to qualify for the extra funds, a deposit must be made first. Online casino Match Bonuses are generally most lucrative when used as a Welcome or First Deposit Bonus. The casinos often vary the percentage amount offered for each match. The initial match is the most generous, with offers of 100%, 200%, or even 300% and more. They then become comparatively more conservative when it comes to subsequent deposits.
Examples of Online Casino Match Bonuses
Imagine that the casino is offering a Welcome Bonus that is a 200% Match Bonus up to $500. The casino requires a $20 minimum deposit. As a new player you would then the bonus would be applied as follows:
Make a $20 deposit, the casino credits your account with $40 free, giving you a total bankroll of $60
Make a $100 deposit, the casino credits your account with $200 free, giving you a total bankroll of $300
Make a $250 deposit, the casino credits your account with $500 free, giving you a total bankroll of $750
Make a $400 deposit, the casino credits your account with $500 free, giving you a total bankroll of $900
Now that we’ve provided the information needed in order to understand just how online casino Match Bonuses work, a good course of action would be to look around for the best deal possible. Simple do an online search for “online casinos” and check the home page or promotions page to see exactly what they are willing to offer.