Best Deposit Bonuses 2023

Deposit bonuses are commonplace among Live Casinos. Casinos use these promotions to lure and keep players, while players can play casino games without risking much. But Live CasinoRank knows that these bonuses could be tricky to understand for beginners. Besides listing the best live casinos, this guide also discusses everything players need to know about the best deposit bonuses.

Best Deposit Bonuses 2023
What Are Live Casino Deposit Bonuses?

What Are Live Casino Deposit Bonuses?

As the name hints, a live casino deposit bonus is a promotional offer to encourage new players to sign up and deposit money. These rewards typically double the initial deposit amount in non-withdrawable cash. The best deposit bonus casino can even triple the bonus amount.

A match deposit bonus is the most common live casino deposit bonus for new players. Using a percentage, the casino will simply double or triple the real money deposit. Other top live casino bonuses include free spins, reload bonuses and cashback.

What Are Live Casino Deposit Bonuses?
The Best Live Casino Bonuses

The Best Live Casino Bonuses

Casino bonus offers can come as welcome bonuses or loyalty programs. Welcome promotions are tailored for new signees, whereas loyalty programs are bonuses for existing players. Below are the different types of deposit bonuses for new and loyal players:

Deposit Match Bonus

This is the most common welcome bonus on live casino sites. With this bonus, the live casino will match the player's initial deposit by a specific percentage. The live casino will also specify the maximum bonus amount.

For example, a live casino can welcome new gamers with a 100% deposit match bonus of up to $200. Now assume a player makes a $20 deposit. The live casino will match that deposit with $20 in non-withdrawable bonus money, giving the player a total bankroll of $40. Remember, the maximum amount is $200, even if the player deposits more.

Reload Bonus

Reload bonuses are also widely available, like deposit bonuses. These bonuses are often tied to the match deposit bonus, meaning their structures are identical. The primary motivation behind reload bonuses is to encourage new gamblers to deposit and play using real money. Existing players can also claim a reload bonus.

But unlike deposit bonuses which often have more than 100%, the percentage match in live casino reload bonuses is often lower. Most times, a live casino reload bonus for new gamblers would have a 50% match rate. But note that the percentage can be much lower for loyal patrons.

Free Spins Bonus

A free spins bonus is a live casino reward for loyal and new players. The casino can reward gamers with a certain number of spins on a particular slot machine, often those the casino wishes to introduce to players. Free spin bonuses can come as a standalone deposit bonus or part of the match deposit bonus promotion.

The good thing about free spin bonuses is that they are easy to claim and withdraw. The casino would specify the machine on which to play the games, and players can receive a payout after clearing the terms and conditions. This means gamers must be careful with slot features like Return to Player (RTP) and volatility when claiming free spins.

Cashback Bonus

Live casinos understand that losses can dampen the morale of most players. So, these casinos can offer cashback bonus rewards to protect gamers from heartbreaking losses. It's simply a refund of the player's losses over a specific period. Like match deposit bonuses, cashback bonuses are in percentages.

For instance, a live casino can run a Monday cashback program of 10% up to $50. This means players will get a 10% refund of up to $50 on all their Monday losses. Although small, it's enough to allow players to win a payout on their favorite casino games.

Risk-Free Bet Credits

These live casino bonuses are widespread in the regulated US iGaming market. With a risk-free bet credit, players only need to place their first real money bet and claim the reward if the bet losses. But if the bet wins, they receive their payouts as usual.

Here is how a risk-free casino credit works; a live casino might offer a risk-free bet of up to $100 for new players. A player will then place a $20 bet on a live casino game. The player gets $20 in bonus funds if it is a loss. But if their first bet wins, they get nothing.

High Roller Bonus

This is a general term used to refer to live casino bonuses for players who wager large amounts. In other words, a high roller bonus helps the live casino attract and retain high-spending players. These casino perks generally offer more generous packages than standard bonuses.

A high roller bonus can take many forms. The live casino can offer this bonus as free spins, cashback, or a match deposit bonus. For example, a high roller bonus package might offer a 300% up to $5,000 match deposit bonus. The live casino can then set the qualifying deposit as $500.

The Best Live Casino Bonuses
How to Claim a Live Casino Deposit Bonus

How to Claim a Live Casino Deposit Bonus

The process for claiming a live casino deposit bonus can vary between casinos. But below are the general steps applicable on most gambling sites:

Step 1. Create a live casino account

Before claiming the deposit bonus, players need to create an account at the best live casinos. Players are often requested to fill out the sign-up form with information like name, phone number, email, residence, and more.

Step 2. Make a minimum deposit

After creating the account, open the cashier and make a minimum qualifying deposit. Players may also need to enter a bonus code to claim the bonus after depositing. Moreover, confirm if the popular payment methods are eligible for the deposit bonus. Some casinos don't reward first-time e-wallet deposits.

Step 3. Accept the bonus and play

The live casino deposit bonus will be reflected in the gaming account balance if the deposit is successful. Now open the live casino game library and play.

How to Claim a Live Casino Deposit Bonus
Live Casino Bonus Wagering Requirements

Live Casino Bonus Wagering Requirements

Some players often skip a casino deposit bonus because they think these bonuses are non-withdrawable. Whereas that's partially true, players can cash out any winnings from the deposit bonus after meeting the wagering requirements. This is the number of times live casino patrons must play using an amount equal to the bonus money before cashing out their winnings.

For example, a live casino can welcome new patrons with a $200 match deposit bonus. Then, the live casino specifies that players must meet a 20x wagering requirement before withdrawing any winnings. This means players must wager $4,000 (20 x $200) before cashing out winnings from the bonus. The conclusion is that the best live casino bonus has a lower bonus wagering contribution.

Live Casino Bonus Wagering Requirements
Live Casino Bonus Terms and Conditions

Live Casino Bonus Terms and Conditions

The bonus wagering requirement isn't the only thing to look for in bonus terms and conditions. Most bonus fine prints have other conditions that players must fulfill before withdrawing any winnings. Note that the deposit bonus live casino will automatically disqualify players who fail to meet the requirements.

Here are the additional bonus conditions to consider:

  • Minimum deposit amount: This bonus condition is relatively self-explanatory. Live casino patrons must deposit a qualifying amount to claim the reward. If the minimum qualifying deposit is $30 and players make a $25 deposit, they won't receive a reward.
  • Validity period: The bonus print will also specify the bonus expiration dates. For instance, players might have 14 days to claim the bonus and another 30 days to fulfil the wagering requirements.
  • Game specification: Top live casino deposit bonuses also specify the game contributions. A deposit bonus can have a 70% roulette contribution, with the other live games contributing the rest. Some casinos can even specify the game title, especially with free spins.
  • Maximum winnings: Live casinos often cap the top amount players can win from the deposit bonus. So, if the maximum amount is $1,000 and the player wins $10,000 playing Lightning Roulette by Evolution, the maximum payout is just $1,000.
  • Bet limits: Players might also want to check if the casino has indicated a wagering limit on the bonus. Some live casinos will immediately void the player's bonus progress if they wager more than the specified amount.
Live Casino Bonus Terms and Conditions

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Everything you need to know about casinos

What is a Live Casino Deposit Bonus?

A live casino deposit bonus is free non-withdrawable money awarded to players after making a real-money deposit. This bonus is usually for new and loyal players.

How does a live casino deposit bonus work?

Live casino deposit bonuses are a matched percentage on the player's real money deposit. For example, a 100% match deposit bonus means players will receive an amount equal to the initial deposit.

Are there different types of live casino deposit bonuses?

Yes, a live casino deposit bonus is a general term for prizes awarded after making a real money deposit. These include a match deposit bonus, free spins, cash back, or a risk-free bet.

Can I claim a live casino deposit bonus more than once?

Nothing stops players from claiming a cashback bonus after claiming a reload or match deposit bonus. But remember that new signees can collect match deposit bonuses only once.

Is there a minimum deposit amount for a live casino deposit bonus?

Yes, most live casino deposit bonuses have a minimum qualifying amount. The specific amount depends on the casino and the bonus offered. Common minimum deposit amounts range from $10 to $20, but this can vary between casinos.

Do live casino deposit bonuses have wagering requirements?

Almost all live casino bonuses have wagering requirements. However, some casinos can offer no-wagering rewards, although these are rare.

Can live casino players withdraw bonus winnings immediately?

Withdrawing bonus winnings from a live casino depends on the casino's terms and conditions. Bonuses often have wagering requirements, which dictate how much you must bet before withdrawing winnings. To withdraw bonus winnings, you must meet these requirements and any additional restrictions. Always read the terms and conditions to understand the requirements for each bonus.

Are live casino deposit bonuses only for new players?

No, live casinos can offer deposit bonuses to loyal players as well. Good examples are reload bonuses, cashback, and high roller bonuses.