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.