Finding and Using First Deposit Bonus in Australian Online Casinos
Try, and you will find it difficult to find an online casino in Australia that doesn't offer a first deposit bonus. The reason behind it is to welcome and appreciate new players to the platform by giving them an added incentive. The bookmarker will give you a percentage of your first deposit to increase your bankroll so you can bet more and increase your chances of winning.
The amount you receive depends on the casino, but it is usually 50% to 200% of your first deposit. Most bookmarkers match your first deposit up to a point, so if you deposit $100, you get a bonus of $100 to add to your bankroll. The best first deposit bonus also comes with other benefits such as free spins that you can use to win more.
However, like every welcome bonus you get from your favorite online casino in Australia, you cannot withdraw the bonus or any winnings you get from it until certain requirements are met. You will find these requirements in the casino's terms and conditions, and they usually include;
- Wagering requirement. This is the number of times you have to wager or play with the bonus offer before you can withdraw your winnings. Be sure to read the fine print carefully because some casinos have a wagering requirement on your bonus and original deposit. For example, let's say you deposit $50, and the casino gives you a 100% first deposit bonus with a 20x wagering requirement. This means you have to wager that $50x20= $1000 before withdrawing.
- Eligible games. Some casinos offer welcome bonuses on selected games such as slots, blackjack, and poker only. If you play other games apart from the eligible ones, you will need to use your own money.
- Banking/deposit methods. Another restriction that comes with this welcome bonus is the payment method you use. They may allow debit cards and bank transfer but refuse online methods like Neteller, Skrill, and Paypal.
- Cash out limits. The winnings you get from that bonus can also be subject to a cashout limit, meaning you will only get a percentage of it and forfeit the rest. If you win $1000 and the limit is $500, you will only get $500.
- Minimum odds. There might be some criteria to fulfill when you receive free bets or slots before placing your bet. For instance, some bookmakers don't consider 1.10 odds valid, and others will require even odds such as 1/1 or 2.00 or higher.
- Time limit. The bonus will often come with a time limit, such as one month where you must meet the wagering requirement or lose the bonus.
Claiming the First Deposit Bonus
Claiming this fantastic welcome bonus is very easy. Most online casinos in Australia activate your bonus immediately after making the deposit, as long as you opt-in for it. Others will send you a promo code via email, so you need to verify your email first. That said, you are not obligated to use/claim the bonus if it doesn't make sense to you. If you can't meet the wagering requirement or time limit, you can choose other rewards such as cashback bonuses with lesser standards.