What Are Matched Deposit Bonuses?
Bingo Matched Deposit Bonuses Explained
Bingo sites, both established and new, offer all sorts of bonuses and promotions to attract new players and keep existing ones coming back for more. One of the most popular promotions used to attract new players is the matched deposit welcome bonus. With that in mind, let’s take a closer look and learn how to claim and take advantage of a matched deposit bonus, as well as potential pitfalls to avoid when signing up to a new site.
What is a Matched Deposit Bonus?
Once you’ve made your first deposit, a matched deposit bonus will credit your wallet with an additional percentage of your first payment.
If the matched deposit deal offered is 100% up to £100, the casino will credit your account with the same amount that you deposit up to a maximum of £100. For example, if you decide to deposit £20, your operator will add an additional £20 to your wallet and bring your total funds to £40. However, if you were to deposit £200 you would receive £100 in bonus funds per the ‘up to £100’ restriction, bringing your wallet’s total to £300.
While many casinos offer 100% deals, essentially doubling your money, sites like Sing Bingo offer eye-watering 300% matched deposit bonuses. While you’ll generally only receive a deposit match for your first ever payment, sites typically dole out other lucrative promotions and incentives once you’re settled in.
Choose the ideal bingo site for you
While you could scour the internet looking for your ideal online bingo site, it’d be much quicker to compare the best of the best by using our featured list of top bingo brands. Our rankings are designed to make comparison a breeze, enabling you to weigh up operators’ varying bonus options, unique features, and promotions in one place.
Register an account
Once you’ve found a site that’s best for you, you’ll need to sign up and make your first deposit to claim your matched deposit bonus. Fortunately, this doesn’t take long at all. Fill out a couple of forms with your contact details and some personal information, and you’re done!
Make a deposit
Head to your chosen site’s cashier page and select your preferred banking option. The top sites usually offer the biggest range of payment methods, including traditional options such as debit cards and pre-paid cards, and e-wallets like PayPal, Skrill, and Neteller. Newer sites may have a more limited range of payment mediums, but such sites generally expand their options over time. When you make your deposit, don’t forget about the requirements stated in the terms and conditions of your particular bonus. If there’s a minimum deposit figure, for example, make sure your deposit falls in line to avoid missing out on your sign up offer. Welcome bonuses will generally only apply to your first deposit, meaning you won’t be able to claim it again if you’re short of the required amount stated in the terms and conditions.
Claim your bonus funds
Following your first payment, you’ll have your deposit matched at the percentage offered by your chosen bingo site. Virtually every online gambling operator credits your accounts with bonus funds automatically, so you’ll be able to head straight into your new bingo rooms with a big bankroll boost to get you started!
What else do I need to know?
To the uninitiated, comparing bingo bonuses may seem as simple as finding the bingo brand offering the biggest bonus amount. However, savvy players will know all too well that bigger doesn’t always mean better. The most valuable bonuses are the ones that give you the best chance of winning withdrawable cash.
Some of the biggest bonuses come with conditions, restrictions, and requirements, such as winnings caps and time limits designed to reduce your chances of earning real money winnings. These vary from brand to brand, but pretty much every bingo matched deposit bonus comes with wagering requirements attached.
Handing out triple-figure bonuses to players doesn’t sound like a sustainable marketing ploy, and it wouldn’t be if it wasn’t for wagering requirements. The wagering requirement is simply the amount players need to bet in order to make any bingo bonus winnings available for withdrawable, and this applies to pretty much all welcome bonuses. Without satisfying these requirements, you won’t actually be able to profit from your bonus.
As you’d expect, the biggest bonuses usually come with more stringent wagering requirements, making bonus deals a low-risk move for gambling operators. This might not be a problem for high rollers with huge bankrolls, but less frequent players and those on a budget might be better off seeking out a no deposit bonus or low wagering deals.
Pick The Best Payment Method For You
Depending on which site you sign up to, you’ll have varying options for making deposits and withdrawals. Larger sites typically offer the biggest range while newer operators build up their offering over time, but you can generally expect at least one e-wallet solution to be offered in addition to debit card-based payments. If you don’t already have an account with PayPal, Skrill, Neteller, Paysafecard, or other e-wallet providers, the sign up process is quick and easy, and you’ll be able to take advantage of their benefits immediately. PayPal, for example, offers additional security layers to help keep your funds safe and give you that all-important peace of mind. Paysafecard, alternatively, makes use of pre-paid cards to ensure you know exactly how much money you’re spending.
PayPal is one of the world's best trusted e-wallet providers, and it's easy to see why with its easy interface, additional security layers, and rapid transactions.
Skrill is a hugely popular e-wallet solution available at a broad range of UK bingo sites. Sign up and take advantage of its speed and convenience.
Paysafecard makes managing your spending a breeze thanks to its pre-paid card and PIN solution.
Neteller offers both e-wallet and pre-paid card services, making it easy to manage your spending and make transactions in the way that suits you best.
Take Advantage of New Sites' Player-Positive Bonuses
When it comes to welcome bonuses, including matched deposits, the biggest industry players tend to offer the biggest bang for your buck. That being said, the plethora of new sites that regularly crop up are much likelier to offer no deposit welcome bonuses and light wagering requirements. If you’re looking to make withdrawals on your winnings quickly, be sure to factor new sites into your search for a fresh operator. Our extensive reviews and rankings handily keep you up to date with all the new sites that are worthy of your time, making it a breeze to compare between different offers.
Play Bingo Wherever You Are
Offering a great mobile experience has become a standard in the UK’s gambling industry, and every site we rank comes loaded with either a mobile-optimised web page or native smartphone app to download. If your selected operator offers a dedicated app, you can make use of myriad features to enhance your playing experience, including push notifications, sleek and streamlined interfaces, and easy payment options, among others. Compare the best sites around with confidence, select the operator that best fits your needs, sign up, and fill out your first bingo tickets with a fresh site.
Claim Your Bonus and Play Bingo
Now that you’re clued up on one of bingo’s best welcome bonuses, compare the best sites around, select the matched deposit bonus that suits you best, sign up, and load up your first new bingo ticket!
Frequently Asked Questions
Some bingo bonuses can only be claimed using bonus codes, and your bookmaker will explicitly say if a code is necessary in its terms and conditions. On all other occasions, you’ll simply have to sign up or make your first deposit to claim your bonus.
Of course! You won’t have to make any compromises whilst playing bingo on the go, whether you’re using the mobile web or opt for a site’s native mobile app.
While you can’t claim a bingo matched deposit bonus without making a deposit, you can still get your hands on a bankroll boost at absolutely no cost. The aptly named ‘no deposit bonus’ does exactly what its name suggests, rewarding new players with a modest bonus which can be used to play and win real money on casino games, and essentially try before they buy. Perfect for those brand new to online casinos.
Matched deposits are usually reserved for new players. However, a number of online gambling sites, including bingo brands, offer reload bonuses. This bonus is pretty similar to the new customer matched deposit deal, and it sees existing players rewarded for making further deposits.
Yes, these are two completely different concepts. Matched deposits see casinos offer a percentage of a players deposit with bonus funds. Matched betting, on the other hand, is a strategy usually employed by sports bettors. This strategy is designed to gain profit by claiming various free bets and bonus deals at different online gambling sites.