500% Deposit bonus
On our gaming portal, you can learn all about online casino bonuses and the forms they may come in. Some of them are quite regular, like free spins or a 100% bonus. Yet, some operators come up with unorthodox offers such as a 500% deposit bonus that can give a considerable boost to your bankroll. Sounds tempting enough? Stay with us as we’ve got you covered. In this guide to a 500% deposit bonus, you can learn all about this offer and how to turn it into withdrawable cash.
What Is 500% Deposit Bonus and How It Works?
Deposit-based bonuses are the most common online casino offers. They are available to both new and existing customers who can make use of them and enjoy their favourite casino games longer. A 500% deposit bonus is definitely an offer that stands out from the crowd. Just like its name suggests, this bonus will add free money worth 500% of your original deposit to your bonus balance.
So, you will have a sizeable amount of money to use on online casino games, and you can use it on any title to your liking. However, there may be a cap on the maximum amount you can claim and the maximum bet you can place. Also, all winnings scored while using free cash will be considered bonus money, meaning that they will be locked for withdrawal until you meet wagering requirements.
How to Get 500% Deposit Bonus?
The first step towards getting a 500% deposit bonus is signing up with an online casino offering it and making a qualifying deposit. Instead of searching the Internet yourself, pick one of the gambling sites we have reviewed for you. All of them are fully regulated and licensed, so you don’t have to worry about safety or fairness while playing on them.
Completing the registration procedure is a no-brainer; all you need to do is to provide your personal and contact details and accept the terms and conditions. After you complete all the steps, you will receive an email with a verification link you need to click on to activate your casino account. Login into it and make a payment through the banking method that suits you best.
Make sure to read the instructions specifying the minimum required deposit, whether a bonus code is needed and if some of the payment options are excluded from the offer. At some online casinos, you won’t be able to claim the bonus if you deposit through Neteller or Skrill, though.
500% Deposit Bonus Terms and Conditions
The idea of getting 5x more money than you have deposited is attractive. Still, each casino offer comes with the small print that may ruin the fun if you don’t get familiar with it before you claim the offer. So, a 500% deposit bonus will most certainly carry a wagering requirement, which stands for the amount of real money you have to wager to turn the bonus into real cash.
A wagering requirement will be specified as a multiplier you need to apply to the amount of the bonus you have received. It can be anywhere from 30x up to 60x, depending on the casino you have signed up with. The logic behind it is simple: the lower the wagering requirement, the better. If you have redeemed a bonus of £100 and a 40x wagering requirement applies, you will be obliged to stake £4,000 in real money if you want to clear the winnings obtained through it from your account.
While trying to meet the wagering requirement, you won’t be able to play all the game. Sometimes, RNG-operated and live dealer tables are not eligible or contribute at a rate of 10x or 20x, meaning that you have to wager much more than when playing slot machines, for instance. That’s because wagers on slot games count 100% towards the requirement in most cases. Also, pay attention to the timeframe you have to complete the playthrough. It can be 7 days only or a whole month.
Best Games to Play with 500% Deposit Bonus
Online gambling is all about luck, so we cannot recommend specific games to use your 500% deposit bonus on. However, we can discuss why some games may be a better option than others. First of all, when using the bonus, your maximum bet will be limited by the casino. So, if you go for table games, you won’t be able to win big on these bets.
On the other hand, slot machines can pay hefty prizes even on stakes of lower value. Although they are based on sheer luck and you cannot affect the outcome of spins, slot games are more exciting to play, especially when you don’t wager your hard-earned money on them. If you want to release your bonus funds from the account, slot games make the best bet again, contributing to the wagering requirement 100%.
Advantages of Using 500% Deposit Bonus
The advantages of using a bonus that gives such a boost to your bankroll are multiple. Yet, one of them is crucial – you will have more money to enjoy your favourite form of entertainment and try out all the games you have ever wanted to play without risking your cash. Make sure to join trustworthy online casinos like the ones listed on our website and enjoy your stay to the fullest with a staggering 500% deposit bonus!
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500% Deposit Bonus FAQs
Where can I find the best 500% deposit bonus?
We have done our homework and listed the best gambling sites offering 500% deposit bonuses, so you need look no further.
How to claim a 500% deposit bonus?
Create an account with an online casino offering this type of bonus and deposit to qualify for the bonus.
Do I need a code to activate a 500% deposit bonus?
On some gambling sites, you may be required to enter the bonus code to unlock a 500% deposit bonus.
Can I keep my winnings from a 500% deposit bonus?
In most cases, operators will allow you to keep the winnings obtained from a 500% deposit bonus once you have completed a playthrough.
Why use a 500% deposit bonus?
This one is simple – to have more fun, even if you don’t want to turn the bonus into real money that can be withdrawn.