Almost all slot sites including www.wizardslots.com offer deposit bonuses. That is why it is important to understand their terms and conditions.
Usually, deposit bonuses are given as free money, with which you can play as you would for real money. If you can meet the wagering conditions, the remaining amount is changed to real money, which you can withdraw along with your winnings.
The maximum deposit bonus is often fixed, which means you will not get a bigger bonus even if you deposit a larger amount. However, you will not get the bonus if you deposit an amount lower than the minimum deposit limit.
Want to find out more about the deposit bonus and how it works at slot sites? Read on.
Types of Deposit Bonuses
The deposit bonus is available in various types:
The Welcome Bonus
The welcome bonus is awarded to all new gamers who make their first deposit. It is the largest one, which is why it pays off to deposit as much as possible the first time you deposit at a site.
The Second, Third, and Fourth deposit bonuses:
After making the first deposit, you are awarded a bonus for making subsequent deposits. The value for these bonuses ranges between 50% and 100%.
The reload bonus is awarded when you deposit on a day or month selected by the casino. The value for this deposit is usually around 25%, and the bonus days may sometime change. It is important to check the promos offered by your casino and identify the most favourable days to make a deposit.
You cannot withdraw the bonuses immediately as you must first use them in the casino. The wagering requirements or rollover requirements mean that the sum of your bets in casino games must exceed a certain multiple of its initial value. For instance, if the bonus offer is £100 and the wagering requirement is 30, you must roll over £3,000. It means that if you play slots and spin for £10, you must spin 300 times—regardless of the wins and losses.
There are two types of rollover requirements:
· Only the bonus amount is calculated into the wagering requirements. For instance, when you deposit £100 with a £200 bonus and the wagering requirements are 20x the bonus value, you will have to play the bonus only twenty times. So, you have to make £4,000 in real money bets, i.e., £200 bonus x 20.
· The bonus amount and deposit amount are counted into the wagering requirements. Using the example above, you will have to make £6,000 in real money wagers to meet the rollover requirements of 20x of the bonus + the deposit amount, i.e., 20 x (200+100)
The wagering requirements with just the bonus counted are better. However, it depends on the bonus amount the on the wagering requirements multiple.
Some deposit bonuses allow you to withdraw your winnings before meeting the wagering requirements. First, you must play with your initial deposit amount, and only after losing will you start playing with the bonus money. If you win when playing with your deposit, you can give up on the bonus and withdraw your winnings.
Deposit bonuses are worth it on games like osrs black dragon, as they let you play longer and improve your chances of winning. However, you must look out for the type of deposit bonus and study the wagering requirements.