What are the match deposit bonuses?
The world of online casinos and e-gaming can sometimes be confusing and overwhelming, especially if you are new to this industry. Gambling is fun and most of the time simple as it doesn't involve much thinking and instead helps you relax and detach from all your day-to-day problems.
If you are playing for real money, though, the stake is higher and you need to get familiar with all those complicated terms that surround you. Otherwise is like playing in blind and you may get fouled for no good reason, losing precious money, time and energy. Information is power!
One of the tricky terms of gambling world – match bonuses – will be explained today, with rich detailing and examples, so do not worry because, at the end of this article, we want you to be better prepared in facing the phenomenon. We know that gambling means playing by the rules of chance and this is why our main goal is to inspire you in having control over the places you choose to gamble, the providers you choose to pay to and the offers you choose to accept.
Gambling has the potential of being a responsible play if we make it that way and the change starts with you!
Delight that comes with a cost
There are many types of bonuses that casino offers these days, trying to make you play in their courtyard and bring your cash to their bank. Not all the bonuses are good for you though and you might want to choose a reliable website to play your casino game on before you make some commitments to it. There is always the risk of not being able to withdraw your gain because of some very restrictive conditions or not being able to contact the team behind it because they have poor customer service.
It's said that the biggest lie we tell ourselves is “I've read the terms and agreements” so please think about this before you accept offers from a casino, without really knowing what it's about.
This being settled, let us discover together what match bonus as a concept refers to and how you know if it is the right deal for you the next time you enter a virtual casino.
Match Bonuses in a Nutshell
First of all, a match bonus is different from other rewards that casino management hands out, by the fact that it is given to you on your sign-up step and not while playing your game. The name of it comes from the fact that it mirrors the amount of money you place in your deposit when you first enter the online casino. So, in other words, a match bonus is a sign-up bonus casino used to attract you and give you a boost of will for playing games on their website and not elsewhere.
To fully understand, we give you an analogy. Try to imagine the deposit in the casino as a cool, high-tech machine design to clone stuff (let's pretend it looks like a microwave). Then, imagine you put in it 50 dollars, close the door and press the button. The machine makes a beep, you open the door and surprise, there are 100 dollars in there just because your money were cloned, multiplied, doubled, take it as you wish. With this little example in mind, let's move on.
Different types of Match Bonuses
You'll have to agree that at least by now, the concept is not complicated at all. The truth is, it comes in different variations and this is what makes it seem a little more complicated at first. The best way to describe it is by taking a random example and discuss it because you need to see the text the way it is presented on the internet, the way you will stumble upon it to actually grasp the meaning behind it.
Random example: Luxury Casino: 50%1 up to $2002, 4th Deposit Bonus3
**No more need to say that the higher the percentage, the stricter the conditions that come with it. In these situations, it will be harder for you to collect your gain and you might need to respect some additional rules stated by the casino in order to play your slots.
- As you can see from the example above, a match bonus will always come along with a percentage, and that automatically becomes the referral for how much your money will be multiplied by. We've chosen an example that is not “100%” because it reflects the reality. The match bonus comes in variations depending on the politics of the casino. For example, we've seen match bonuses as low as 10% and as high as 550%. In all cases, the percentage is in direct connection to how much money you filled your deposit with.
- Casinos are protecting themselves by setting upper limits and we especially wanted to underline this in our example. We recommend that you always pay attention to these specifications so it doesn't blow your expectations at the end. In the illustration above, the limit is $200 so if let's say your deposit is $2000; you will receive an extra $200 (maximum) even if normally 50% of it would mean $1000. This is how the whole match bonus system is fraud-proofed and strategically designed.
- Sometimes, the advertisement will say that you receive your match bonus at a certain deposit (not at sign-up). This is another scheme providers use to attract their clients and also sustain their activity. In our example, the reward is offered on the fourth online deposit, so you have to make it until then in order to take advantage of the casino's offer.
In conclusion, match bonuses are a good thing if they are used well. There is never in your benefit to take offers that sound too good to be true, but this is a ground rule and applies to all activities, regardless of their profile. In other words, we advise you to look out for information when you find some new concepts, because understanding what mean, ultimately takes you to making the right decisions for yourself.