500% Bonus Sites

How Does A 500% Deposit Bonus Work?

Basically, to claim a first deposit bonus, a new player must first register at one of the slot sites and make their first deposit. With any deposit bonus comes a minimum deposit amount, so please make sure you deposit the minimum deposit or above if you wish to claim the 500% bonus.

If a player deposits £100 on their first deposit, they will receive £500 in bonus funds in their account. Add this to the initial £100 deposit, and that’s £600 to play on slots and games.

Why Choose A 500% Deposit Bonus?

A first deposit bonus of 500% on your initial deposit is quite a draw for a lot of players. Before making your final decision, look at other options the online casino provides for new players before deciding which bonus may best suit you. If you are looking at getting the maximum bonus for your deposit, a higher percentage bonus may be for you as this gives a player more bonus money to play more games. However, most deposit bonuses do come with wagering requirements and its important you read through these requirements before accepting a bonus.

What Other Bonuses Are Available?

First deposit bonuses vary from casino to casino, but the most popular is a percentage bonus on your first deposit.

However, some first deposit bonuses may have free spins attached to play on a certain slot game or even a slot of your choice. These are the kind of bonuses that are not to be missed as they offer so much more in play time.

If, for instance, a player has a smaller deposit budget and decides to make a smaller deposit, a 200% deposit bonus would be equally as lucrative. If you deposit £10, you will receive £20 in bonus funds and have a total bonus of £30, thus tripling your gameplay. Sometimes, you may find a £5 minimum deposit casino or a £3 deposit casino where you can still claim a first deposit bonus, but your initial deposit is much smaller.

Another bonus, maybe 200 spins on your first deposit, is quite a good deal. It will often be displayed as ‘Deposit £10 get 200 bonus spins’. Some new slot sites offer this as a first deposit bonus, as they may promote a particular slot game or game from a specific slot provider.

Again, as mentioned above players must always make sure the bonus you choose is right for you and always read the terms before accepting.

Minimum Deposits For Bonuses

Minimum deposits vary at different slot sites. With a larger first-deposit bonus, you would normally have to deposit a minimum of £10 or £20 to claim a 500 bonus. However, some online casinos offer a £1 minimum deposit, £3 minimum deposit, or even a £5 minimum deposit, but these are more often than not on a smaller percentage bonus.

Does A 500% Deposit Bonus Have Requirements?

In a word, yes, they do. Most deposit bonuses, including a 500% deposit bonus, come with wagering requirements unless you are playing a no-wager slot site. In order to claim winnings from playing your first deposit bonus you must play through the wagering requirements in order to do this.

Although the slot site gives you money to play with, it’s not always easy to win real money back. A wagering requirement is the number of times a player needs to play the bonus money before being able to withdraw cash winnings.

So, for example if you take a £50 bonus on your first deposit and the wagering requirement is 5x, you would need to wager a further £250 before claiming your bonus winnings. Put simply, unless you win a decent amount playing your bonus funds, after playing through the wagering requirements, you may have next to nothing left.

Another thing to consider when choosing a deposit bonus is that not only do you have to wager the bonus amount, but you also have to include your initial deposit. If the minimum deposit is £10, the slot site gives you £50 in bonus funds that’s £60 in total. You will then be required to wager £60 x5 (wagering requirement) = £300 in total. All wagering requirements have to be displayed by law next to any bonus a casino or slots site displays, so always make sure you are aware of all requirements before making your decision.

FAQ’s

Is It Worth Taking a 500% Bonus?

It may initially look like a fantastic deal and not something you see that often. But, some wagering requirements can be steep, have maximum cashouts or the games selection to play a bonus are limited. If you feel this type of deposit bonus suits you, then you are getting the maximum playtime for your money, plus you may get free spins attached to your 500% deposit bonus.

Do All 500% Bonuses Come With Wagering Requirements?

Most bonuses come with wagering requirements, as does a 500% deposit bonus. As mentioned above, these vary depending on which site you choose to play. A typical wagering amount is around 50x. You may find some casinos are even more steep and would require wagering of up to 99x.

Can I Claim A First Deposit Bonus More Than Once?

In a word, No! You can only claim a first deposit bonus once and this is usually stipulated in the terms of the bonus. However, if you look around some online casinos provide a tiered welcome bonus package where you could claim a bonus on your first, second, third or even fourth deposit bonus. You can claim a first deposit bonus at other casinos at the same time.