The Best £500 Casino Welcome Bonuses UK - 2024

£500 Casino Welcome Bonuses Explained

The online casino industry is becoming increasingly competitive, so it’s hardly surprising that welcome bonus offers have reached the heights of £500. Do you want to get your hands on a hefty welcome bonus to help you win big? Let’s take a look at the must-know information before you sign up

Pros and Cons of £500 Welcome Bonuses

If you’re interested in claiming a £500 welcome bonus, then check out our pros and cons to find out whether it is the promotion for you.

Bonus Terms and Conditions

Every casino bonus comes with terms and conditions that could affect how you use the bonus. While the terms in the small print will vary between bonuses, these are some of the most common factors to be aware of:

Payment methods

Some casinos restrict e-wallet deposits, commonly Neteller and Skrill, from claiming bonuses, so it’s important that you check for these exclusions before you sign up to avoid any disappointment. The terms and conditions will highlight which payment methods (if any) are excluded from the bonus.

Minimum deposit amount

While the idea of a £500 casino bonus is fantastic, not all players can invest this much money into online gambling. However, given that these bonuses match deposits up to £500, you can usually deposit a much smaller amount, providing you meet the minimum deposit, and can get some bonus cash in return, which means these bonuses cater for all players’ budgets. Minimum deposits can vary between casinos, but £10 is a pretty standard limit. Let’s take a look at an example:

100% up to £500 first deposit welcome bonus. Min. deposit £10

• Deposit £10 + £10 in bonus cash = £20 to play with
• Deposit £250 + £250 in bonus cash = £500 to play with
• Deposit £500 + £500 in bonus cash = £1,000 to play with
• Deposit £1,000 + £500 in bonus cash = £1,500 to play with.As you can see, the bonus amount might be capped at £500, but you can deposit more if you want to.

Wagering requirements

Virtually all £500 welcome bonuses will be subject to wagering requirements. These requirements will vary between casinos and will determine how much you need to wager before your winnings are available for withdrawal. We’d recommend checking the terms and conditions for specifics of playthrough requirements so that you can pick the best bonus for you.

Here’s an example of how wagering requirements work:

‘100% up to £500 first deposit welcome bonus’
If you deposit the full £500 and your casino has a 30x wagering requirement, you’ll need to wager £15,000 (30x £500) before your winnings are available for withdrawal.
It’s also worth checking whether your initial deposit is also subject to the playthrough requirements as this could significantly increase how much you need to wager (30 x £1000 = £30,000).

Game weighting

This tells you how much playing a certain type of game contributes to clearing the bonus wagering requirement. Whereas wagers placed on most slot games usually count 100% towards the wagering, other games, such as roulette and blackjack, often have a reduced wagering or are excluded altogether.

Maximum bet limits

Online casinos will often cap the amount a player can wager in a single bet when playing with bonus funds and each casino will set their own limits.

Time restrictions

You’ll have a limited amount of time to meet any playthrough requirements before your bonus funds and any associated winnings expire. While some online casinos offer a 30 day expiry date for a bonus this big, different operators will have separate restrictions, so you should take time to check this.

Casinos With High Maximum Stakes

£500 welcome bonuses are usually offered in the form of a matched deposit. This means that if you want to claim £500 in bonus funds, you’ll first have to front £500 of your own cash. Below is a table of casinos with high maximum stakes.

Claiming a £500 Matched Deposit Bonus

If you’d like to claim a £500 welcome bonus, here’s what you need to do. 

1. Compare our list of the best £500 bonus casinos
   We’ve done all the hard work, so all you need to do is compare our list of the best £500 casino bonuses around, find the one that suits you best, and click through to the site. All of our recommendations are fully licensed, which means you can gamble with confidence. 
2. Review the bonus terms and conditions
   It’s essential that you read the terms and conditions in full before you commit to a bonus — particularly one as large as £500. You’ll need to be aware of wagering requirements, time limits, payment exclusions, and other T&Cs in order to gain a full understanding of how the bonus works. 
3. Create an account
   If you’re happy with the terms of the welcome bonus, sign up to the casino by providing some personal information. Before you can continue, your details will need to be verified by the casino, which usually involves submitting some form of ID — usually a passport or driver’s licence and a proof of address.
4. Make a deposit and claim your bonus
   Once your account has been verified, you’ll be able to make your first deposit. Be sure to opt-in to the welcome offer and use a payment method that’s eligible for the bonus. Your bonus credit will appear shortly in your account, and you’ll be ready to find and play your favourite casino games. 

Should I Claim a £500 Welcome Bonus?

This depends on what you’re after. For high rollers with large budgets, these bonuses are a perfect match, since they provide the opportunity to double account funds at sizeable amounts. Most casino players aren’t at this liberty, so it’s worth asking if £500 welcome bonuses are right for you. 

For many players, casino bonuses are about prolonging gameplay and stretching funds as far as they can go. £500 bonuses offer flexibility in this respect — players can enjoy a doubling of funds no matter how much of the offer they decide to use, with half of the purse being provided by the casino. These bonuses therefore offer a good opportunity to familiarise oneself with a new casino environment. 

By contrast, if you’re the kind of player that values bonuses by their ability to provide an opportunity for returns, a £500 casino bonus might not be the best fit. The wagering requirements associated with an offer of this size are likely to be substantial, particularly if you’re using the bonus to its full capacity. 

Alternatives to £500 Welcome Bonuses

With any offer of this size, it’s the wagering requirements that often provide the biggest obstacle to those looking to convert the bonus into withdrawable cash. If you’d like to avoid this problem, it’s prudent to search instead for low and no wagering bonuses. 

As the name implies, these bonuses restrict the influence of wagering requirements. Standard wagering requirements are set at roughly 25x–40x the bonus, so anything less than that benchmark might be considered low wagering; of course, the lower the requirements, the better the bonus. 

And with no wagering bonuses, this requirement is removed altogether. Both low and no wagering bonuses are highly valued, but bear in mind they’ll be smaller than matched deposit amounts as a result. 

Claim £500 on Your Mobile

You’ll be happy to know that you can claim these £500 welcome bonuses when you play casino games on your mobile. Whether you play using the mobile casino website or download a mobile casino app, you can get your hands on this casino bonus credit. This is especially handy if want to enjoy some extra playtime on your favourite real money games without dipping into your real money wallet.

Grab £500 Bonus Funds at New Casinos

Signing up to a brand new casino doesn’t mean missing out on top casino bonuses. These £500 matched deposit bonus deals are also available the UK’s newest casino sites in “April. When you play at brand new casinos, you’ll get to enjoy innovative features and a fresh design as well as your bonus funds.