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The 100 Percent signup bonus is among the most popular offerings from online casino operators.
One needs to understand that online casinos are not in the business of simply sending someone free money without any obligation on your part. As such, most online casinos, sportsbooks and bingo sites will offer a 100% deposit bonus.
Simply put, the online gambler will be required to send X amount of money, often as little as $50, to the online casino.
While each site has different rules, most require a play-through or rollover. The reason for this is that there was a time when people would send money to an online casino, collect on the advertised bonus money, then withdraw without ever playing. They referred to this as "bonus abuse". Another term arose from this situation, one not appropriate for a family site the likes of Gambling911.com ("bonus w****"). Fill in the *s.
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Origins of Bonus Abuse in Europe In the early 2000s when online casinos were just taking off, a documentary aired in Denmark demonstrating the various ways one can take advantage of bonus offers from online casinos. This resulted in countless numbers of Danes rushing to sign up with Web casinos, grabbing the bonus money, and exiting with nominal or no play at all. Denmark online casino players and those from other countries are still suffering the repercussions. EnglishHarbor Online Casino, for example, offers this piece of language among its policies. Bonuses are not available to players in Denmark, Israel, United Kingdom, Ireland, India, Lebanon, Romania, Poland and Russia. |
The casino essentially matches your deposit by a certain percentage, in this case it would be a 100% deposit bonus match.
The amount of money that the casino matches depends on two advertising factors, either a dollar or equivalent cash value or a percentage.
When you see 100% deposit bonus up to US$500, this means that the money you sent is matched by the online casino, but only up to US$500.
For example, if you were to send $100, that amount would be matched $100. But if you were to send $600, your bonus would be capped at $500.
It's important not to be fooled by crazy percentage numbers that, while they may look good on the surface, are actually wolves in sheeps clothing.
An example: a 500% bonus. Sounds good, right?
Sure it does, until you read the fine print.
Maximum bonus just $20.
In such scenarios, this could be a situation where an online casino is simply trying to get you to send a very small amount using your credit card in order that they can obtain your personal information and send out future emails or texts with new promos. These types of marketing gimmicks act to get individuals sending more money with higher caps on bonuses (i.e. the typical $500 maximum bonus). They do work, but there is a misleading element.
Where rollover requirements are concerned, Gambling911.com reviewed some of the best offers out there. Most range from 5X to 30X. As you can see, these vary wildly. It is important when bonus hunting to conduct thorough research.
- Payton O'Brien, Gambling911.com Senior Editor
