100% deposit bonuses are widespread throughout the online gambling industry, and that’s good news for players, as these bonuses have a lot to offer and appeal to both new players and loyal players.
If you’re ready to collect some 100% deposit promotions, you’re in the right place. Check out the casinos on this list, click the links, and collect the bonuses. If you need a little more information, read out the following guide.
What are 100% Deposit Bonuses
A 100% deposit bonus is one that matches your deposit 100%. So, if you deposit £10, you’ll get another £10. If you deposit £100, you’ll have £200 in your account.
These promotions are also known as matched deposit offers, as they literally “match” your deposit with a percentage. That percentage typically varies from between 50% and 200%, equating to a return of between £5 and £20 for a £10 deposit. 100% deposit bonuses are by far the most common though.
You can find these bonuses on most gambling sites, but the specifics differ from site to site:
- Online Casinos: 100% deposit bonuses are at their biggest and most generous on online casinos. The margins are higher here and the competition is also fierce, so it’s not uncommon to see bonuses that go as high as £500 and even £1,000.
- Sportsbooks: In recent years, there has been a trend for sportsbooks in the UK to offer 200%, 300%, and even 500% bonuses. 100% deposit bonuses are still the most common though. The difference here is that the bonuses tend to be much smaller and they are also released in the form of free bets.
- Poker Sites: Where poker sites are concerned, 100% deposit bonuses are usually released steadily, making them more like loyalty offers than the traditional bonuses that you get from online casinos. Poker sites don’t profit when you lose and they only take a small amount from each pot/buy-in, known as a “rake”. As a result, they can’t afford to be as generous as online casinos.
- Bingo Sites: Many bingo sites offer new players free bingo tickets. These come in the form of 100% deposit bonuses, such as “deposit £10 and get £10 in bonus tickets”.
100% deposit bonuses can be offered to both new players and active members, and they are known as welcome bonuses and reload bonuses respectively. However, where reload bonuses are concerned, the percentage is usually much lower, with the average being 50%.
What are the Terms for a 100% Deposit Bonus?
All bonuses have terms and conditions. Failure to meet these terms could invalidate the bonus, in which case your deposit will still apply and the money will still be taken from your account, but you won’t get any additional bonus credits.
Here are the most important terms to keep in mind:
Minimum Deposit Amount and Maximum Bonus Payout
There are two key terms to consider on a 100% deposit bonus.
Take the following as an example:
- 100% Deposit Bonus up to £500 (Minimum £20)
We know that “100%” means your bonus will be matched, but what about the two monetary amounts?
Well, the first denotes the maximum amount of bonus credits that you can receive. So, your deposit will be doubled (100% match) up to £500. Beyond that, you’ll only get £500.
For example
- £20 Deposit = £20 Bonus
- £50 Deposit = £50 Bonus
- £200 Deposit = £200 Bonus
- £500 Deposit = £500 Bonus
- £1,000 Deposit = £500 Bonus
- £2,000 Deposit = £500 Bonus
The second figure here (“minimum £20”) refers to the minimum deposit amount. Any amount below this will invalidate the bonus. On some sites, the minimum bonus deposit is the same as the site’s minimum deposit amount. On others, it’s higher, which means your deposit will be accepted but may not qualify for the bonus.
Wagering Requirement
All 100% deposit bonuses are subjected to something known as a wagering requirement. This describes how many times the bonus must be wagered before the credits convert to cash and can be withdrawn.
It ranges from 25x to 75x. For example, if you collect a £100 bonus and the wagering requirement is 25x, you need to wager a total of £2,500.
There is an important caveat, though.
Some wagering requirements apply to the bonus, some apply to the deposit, and others cover both the deposit and the bonus. This is an important distinction for a 100% deposit bonus, as it could double the wagering requirements.
Contributions During the Wagering Period
While meeting the wagering requirement, you need to think about wagering contributions.
Some slots count for 100% of your wager while table games and live casino games count for just 0 to 20%. Casinos know that table games like Blackjack and Baccarat have a much lower house edge than slots, and they don’t want you meeting your wagering requirements by playing a succession of Blackjack hands.
They also don’t want you risking all of it on a single spin, so there is often a maximum bet during the wagering period. For most sites, this max bet is £5, but you’ll learn more in the terms and conditions.
You can still wager more than the maximum bet while the bonus is active, but only £5 (or the equivalent maximum bet) will count toward the wagering requirement.
Win Limits
A win limit is a cap placed on how much you can win with a 100% deposit bonus. This limit comes in two forms.
The first literally caps the amount that you can win, with any credits above this number becoming invalidated. The other is a withdrawal requirement, which places a limit on how much you can withdraw.
The withdrawal limit is always the more favourable option.
If there is a cap of £500, for instance, and you win £1,000, a win limit will remove the additional £500 straight away but a withdrawal limit will let you use it to clear the wagering requirement. If that extra £500 remains after the wagering period has finished, it will be void, but until that point, it will come in handy.
Time Limits
All bonuses have time limits, and 100% deposit bonuses are no exception.
There is a time limit concerning when you must collect the bonus, as well as one that governs the wagering requirement. The latter usually spans between 7 and 28 days. This is the length of time that you have to meet the wagering requirement. Failure to do so will void the bonus.
Other Terms and Conditions
There may be some other terms and conditions to consider, especially if there are extra spins, free bets, free bingo tickets, and other items that apply to one or more areas of the site. You should also look into the withdrawal requirements, including the minimum withdrawal and any specific payment methods that you can and can’t use.
Specific Collection Requests
100% deposit bonuses may have specific deposit requirements, and if these are not met then you won’t be able to collect the bonus.
The one that annoys players the most is the stipulation that they contact customer support to activate the bonus. This is often done through live chat, and if it’s not completed within the specified period, the bonus will expire.
Another frustrating requirement concerns the deposit method. Visa and Mastercard deposits are nearly always fine, but some sites exclude payments using Neteller, Skrill, Paysafecard, PayPal, and ecoPayz.
FAQs About 100% Deposit Bonus
Yes, there are many 100% deposit bonuses available in the United Kingdom. In fact, they are the most common welcome bonuses seen at UK online casinos.
It’s all about the terms and conditions. These bonuses might seem a little too good to be true, but every generous offer is backed by a wagering requirement. The higher the wagering requirement, the more the site’s house edge will come into play.
It’s still possible to win big and clear the wagering period with a profit, but most players won’t do this, and that’s all the operator cares about.
It’s a numbers game, so it’s okay for one player to win huge sums of money if the next 5 or 10 don’t win anything. This is how online casinos can remain profitable despite offering what seem like generous bonuses and jackpots.
The “catch”, as noted above, is the wagering requirement. But you don’t get anything for free in this life, so it only makes sense that there would be a catch in place. On the plus side, you can still win big with one of these bonuses and it’s also a great chance to play for free.
Yes, most 100% deposit bonuses can be collected on mobile, as well as desktop. Just make sure you check the terms and conditions and meet all of the necessary requirements. As long as you’re doing that, it doesn’t really matter what device you use.
