500% Casino Bonuses Explained
There are two values that players need to evaluate with a matched deposit: the percentage on offer – in this case, 500% – and the maximum limit. It’s the former figure that really gives the bonus its value, as this gives players the opportunity to double, triple, or even quintuple their casino balance. Players can think of the limit as the bonus’s range – they can decide for themselves how much or how little they wish to make use of the available amount.
Matched deposit bonuses as large as 500% will only ever be reserved for new players. Massive welcome bonuses are part and parcel of online casinos; they view these offers as the best way of attracting as many new customers to their site as possible. So, don’t expect a regular 500% match bonuses once you’re a registered member!
Let’s say a 500% welcome bonus has a ceiling limit of £100. The offer will be presented as ‘500% up to £100’, meaning players will receive five times their deposit value up to £100. You don’t need to claim the full bonus, however. For example, you could deposit £20, land £100 in bonus funds, and have a total of £120 to play with.
Players are also entitled to deposit more than the limit, but the bonus will only be applicable to funds within that limit. So for example, using the same offer as above, if a player deposited £120 they would still receive a maximum of £500 in bonus funds, leaving £620 in their account.
Make no mistake, bonuses of this value are rare. Standard matched deposit welcome bonuses are around 100% up to £100, so offers with a value of a 500% are incredibly generous. But things in life are rarely free, and these offers are certain to come with stringent terms and conditions – we’ll discuss these in greater detail later on, but always make sure you’ve read the small print to avoid any nasty surprises.