What is a Redeposit Bonus at an online casino?
When it comes to promotions, players strive to find true hot deals. This is why bonuses are regularly advertised among casino brands, and the most common type to offer are re-deposit bonuses. Meaning a bonus that is given upon recent deposit activity. Qualifying deposits are transactions made on a specific day of the week or can sometimes be based on a minimum amount. Other variations may require using a specific deposit method to qualify or providing a bonus code. In a nutshell, gaming brands are fully in charge of deciding what conditions should be established in order for players to meet qualifications.
What types of Redeposit bonuses can players receive at an online casino?
Similar to cash backs, re-deposit bonuses also follow different honouring percentages. Re-deposit bonuses can range anywhere from 15% to 25%, 50%, 75%, 100% or even more. Bigger figures tend to be of greater interest, but it’s important to keep in mind that no matter what bonus amount is claimed, they all have a bonus wagering requirement to be completed before cashing out any winnings.
Technically, first, second and third deposit bonuses are actual re-deposit bonuses as well. When you make a first deposit bonus for example, you are getting a bonus off that initial transfer into your account, qualifying it to be a re-deposit as well. Let’s say they are close cousins in the genealogical tree of bonuses.
What benefits can players receive from a Redeposit bonus?
The advantage of claiming re-deposit bonuses sums up to extended play time. When a player deposits funds into an account and loses everything, there’s no other choice but to deposit more. However, if a player makes a deposit and also claims a bonus for it, the player will be credited with additional funds. This will contribute to playing more hours without always having to spend money out the pocket. Surely it can become a challenge to complete a bonus wagering requirement but thinking more rationally, players don’t exactly beat casinos as often as one would think. Therefore, on the long run, it ends up being more viable to actually take advantage of bonus funds. If bonus funds are lost, the player is technically losing nothing at all since bonuses are nothing but extra funds that originally belonged to the casino.
Is there any downside from receiving a Redeposit bonus?
As opposed to cash backs, bonus wagering requirements for re-deposit bonuses are applied differently. They apply to both the bonus amount plus the deposit amount that generated the actual bonus. Whereas cash back only carries a bonus wagering requirement on the cash back amount alone. This is typically the only downside of a claiming a re-deposit bonus. This is because completing the bonus wagering requirement takes longer compared to that of a cash back bonus.