First Time Depositor Review

What Is A First Time Depositor ?

When a player puts their own money in a casino account for the first time, he or she is a first time depositor. Online casinos (and sometimes offline as well) tend to offer new players perks for doing this. Usually, they will offer a cash bonus or something else to entice players. They often use these bonuses as a way to get players to join and make a deposit. New players can generally only get one bonus of this type.

First Time Depositor Explained

In most cases, first time depositors are those who are new to online gambling. However, seasoned players will often join a new casino just to get a bonus for making their first deposit. Many will do this with several new casinos at once.

There is a lot of competition among online casinos. This is one of the reasons virtually all of them offer bonuses to first-time depositors. These bonuses generally reward new players for making a deposit. Online casinos tend to give players a percentage of the money they deposit into their account. Each casino chooses a minimum amount and a maximum amount they are willing to meet. A typical first time depositor bonus is a 300% match to what a player pays out. The maximum the casino will meet is $3,000.

Online casinos generally require new players to use their cash bonus for gambling. Very few, if any, will allow players to withdraw that money. Bonus money is designated for use in a casino’s games, often slot machines. When a first time depositor bets on a game, they must use the bonus money in their account. They must continue to use this money to place bets until it is all gone.

In the rare instances where players can withdraw bonus money, they are required to have wagered it a specific amount of times first. This protects online casinos from players taking the bonus money in a way that doesn’t benefit the casino. Virtually every casino has wagering requirements in place that players must meet. If they don’t, they can’t withdraw any of their winnings.