What Are Matched Deposit Bonuses?
Bingo Matched Deposit Bonuses Explained
Bingo sites in Canada, 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 account balance with an additional percentage of your first payment.
If the matched deposit deal offered is 100% up to $100, the bingo site 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 bingo operators offer 100% deals, essentially doubling your money, you can find some sites that 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.
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, smart 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.
Wagering Requirements
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 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 online banking, and credit and debit card-based payments. If you don’t already have an account with 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 its benefits immediately. Neteller, 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.
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 Canada’s gambling industry, and every site we rank comes loaded with either a mobile-optimized web page or native smartphone app to download. If your selected operator offers a dedicated app, you can make use of a 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 Today
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!
