A first deposit bonus is an introductory gift given by bookmakers to new customers. It can be requested by a player when registering and making a deposit into the account. As a return, the firm makes a transfer of extra gaming funds that the player may use to place bets. These are usually most typically money transferred to a bonus account or free bets. For those who want to compare different offers, https://bookmakers.biz/ is an excellent choice to review the best bookmakers with a first deposit bonus. Here, we will consider the most distinctive features of welcome gifts for newbies and find the best betting websites with such bonuses.
First Deposit Reward: Why It's Provided and Do You Take It
The first intention of such a welcome bonus is to get the player to sign up and put down money. The bookmaker does not lose anything. However, to obtain real advantages from the here and now, an individual generally must wager far more than the one gained. If the player can stay in profit, the temptation to wager again usually only grows.
It's on you to trigger the first deposit bonus. We recommend that you make your decision only after reading the terms and conditions on the promotion page in its entirety. Since you'll be funding your account anyway to play, it makes sense to consider the offer if it offers extra value. For example, a free bet allows you to place a risk-free bet and transfer the net winnings to your base balance – that can be extremely profitable.
Welcome Deposit Bonus Types
There are several first deposit bonus types:
- Money in a bonus account – a share of your deposit or a specific amount.
- Free slots spins (if the website has an online casino feature).
- Free bet – risk-free bet with net wins credited to the base balance.
- Bet insurance – refund of the stake value for an unsuccessful bet, credited to the base or bonus account.
- Welcome package – gift for making a series of consecutive deposits.
The registration bonus can sometimes be increased with promo codes in most bookmakers. With a special code activated, you can get a larger gift. The codes are most often handed out for nothing.
Requirements for Earning a Deposit Bonus
To participate in a welcome offer, you typically must:
- Register on the website or mobile app of the bookmaker.
- Submit personal information or undergo full account verification (depending on needs).
- Activate the welcome bonus (either during registration or in your account subsequently).
- Make a minimum deposit as specified in terms of the promotion.
- Perform any other conditions specified in terms of the promotion.
There could be better terms if you deposit for the first time within a specified time from registration.
How to Bet the Gift
If the bonus is in the form of additional money in a bonus account, it must be bet. In most cases, this means:
- Putting bets equivalent to a number of times the bonus value within the stipulated time period.
- Betting under certain conditions (e.g., odds limitation).
- Not withdrawing the money until the wagering requirement is fulfilled.
- If it's free bet, then no wagering is common. The free bet winnings minus the value of the stake is credited to the main account. But do consider that most bookmakers have additional withdrawal conditions, and failure to comply with them can result in a penalty or refusal of payment.
FAQ
What is a first deposit bonus provided by a bookmaker?
First deposit bonuses give new players additional betting money – either virtual cash or free bets. These can be withdrawn as real winnings on the main balance if the conditions are fulfilled.
What is rewarded for the first deposit?
Most often, the bonus takes the form of additional money deposited into a bonus account. The sum generally correlates with the deposit and is typically around 100%. Some bookmakers also offer free bets, bet insurance, or even a package containing a few rewards.
What conditions must be met to receive the reward for the deposit?
Conditions of receiving and placing the first deposit bonus are always specified in the offer terms. In legal bookmakers, users are required to verify their account by name and phone identification. Then, the minimum deposit and bonus activation can be enough.
Why would a bookmaker refuse a first deposit bonus?
The bonus is only valid if all the conditions are met. In some cases, bookmakers cancel the bonus after it has been activated if they suspect the player of being involved in rule-breaking or exploiting the promotion.