200% or more deposit bonus by online casinos: Pros, Cons, and caveats

Who doesn't like bonuses in online casinos? Everybody does. And the more the bonus, the merrier it is. Many online casinos give generous bonuses to attract new players. The common bonuses are in the range of 100-120% of deposited value, but some online casinos may also give bonuses which may look unreal like 200% bonus. This means if a player deposits £100, they could get an additional £200 from the casino, leaving them with £300 to play with

Why do online casinos give huge bonuses like 200%?

Online casinos give generous bonuses to first catch the attention of new players, but these bonuses come with some strings attached; and the string could be in the form of:

High wagering requirement

The wagering requirement is usually kept so high that players have to deposit a significant amount in order to claim these bonuses. If the wagering requirement is low or average, they can play with sticky bonuses

Sticky bonus

There are two main types of deposit bonuses—sticky and non-sticky. Sticky bonuses are bonuses that cannot be withdrawn. It is only to give players more money to play with, but they can't withdraw it. Sticky bonuses act as a boost to the player’s balance, but they will be removed when the player tries to withdraw their winnings.

Non-sticky bonuses, on the other hand, are a bit more player-friendly. With a non-sticky bonus, players can withdraw their real money winnings even if they haven't yet met the wagering requirements on the bonus. This means players can enjoy some of the benefits of the bonus without being completely tied down by it.

Game restriction

Online casinos may also put a criterion about the game that a player can play with the bonus given. e.g. an online casino will give bonuses only if a player plays certain game types. The purpose here is to influence the wagering requirement. Different game types have different contributions to wagering requirements. For example, slots contribute 100% to wagering requirement, while table games do only a fraction of it

Maximum Bet Limits

Many online casinos impose maximum bet limits when a player is using bonus money. This is done so to prevent players from placing large bets to quickly meet wagering requirements. For example, a casino may limit players to betting no more than £5 per spin while a bonus is active.

Should you fall for big bonuses bonuses offered by online casinos?

Yes, of course, but with a caveat.

Let's see the pros and cons of high deposit bonuses that online casinos offer

Pros

  • Increased playing time: Casino bonuses can increase players' playing time by a great extent.
  • New games experience with no real risk: With high deposit bonuses like 200% or more players can try new games without risking any money for real. Once you get comfortable with the game with the help of such bonuses, try the game with real money.

Cons

  • Comes with highw wagering requirement: A 200% bonus may seem like a fantastic offer, but if the wagering requirement is 50x or higher, it might not be worth the trouble unless it's a non-sticky bonus. Before falling for such bonuses, players must understand the wagering requirements and ensure they know exactly what they are getting into.

Summary

While online casino bonuses like 200% or more bonuses can be superbly attractive, they may not always be as straightforward as they appear. They may be designed to benefit both the player and the casino, but the balance of advantage may lean towards the casino. For players, the key is to approach bonuses with caution, understanding both their value and their risks.

FAQ on 200% or more deposit casinos

Online casinos typically offer match deposit bonuses. That means casinos match a % of the player's deposit, usually between 100% to 120%. Some casinos may even offer 200% bonuses or even more. For example, if a player deposits £100, they could get an additional £200, giving them £300 to play with.

Yes, some of them do. Online casinos offer large bonuses like 200% or more to attract new players, but high bonuses come with certain conditions attached like high wagering requirements, game restrictions, and maximum bet limits

Sticky bonuses cannot be withdrawn. They give players more money to play with, but the bonus is removed when the player tries to withdraw winnings. Non-sticky bonuses allow players to withdraw their real money winnings even if they haven't met the wagering requirements yet.

Yes, big bonuses can increase your playing time and allow you to try new games with less risk. However, they often come with high wagering requirements, so it’s important to read the terms carefully and ensure you understand the conditions before accepting the bonus.