Definition of First Time Deposit Bonus

What does the term "first time deposit bonus" mean in the world of gambling:? What is meant by a "first time deposit bonus"?

The online gambling landscape is very competitive when it comes to luring new clients. There are dozens of well-capitalized companies vying for your business, some of which are worth billions and billions of dollars.

In order to try to win your business, online gambling companies will offer first time deposit bonuses, whether you are interested in casino games, poker or sports betting.

Here is how these bonuses usually work:

1. You get a bonus on your first deposit (usually a dollar for dollar 100% bonus) up to a maximum amount (say, $500). So, if you deposit $500 initially on a site, you would be eligible for a bonus of up to $500.

2. You "earn" this bonus by playing for real money on the site, whether that is real-money hands of poker, placing real bets on sports games or playing real money casino games. The more you play, the faster you earn your bonus.

3. Your bonus is released in increments. The more you play, the faster you earn your bonus. You will have a deadline to earn as much of your bonus as possible (usually 3 months from the day that you deposit, though it can be as little as 30 days in some cases).

4. Any money that is earned via the bonus offer is yours to keep, though you must "earn" it first.

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With poker deposit bonuses, each hand of real money poker that you play (whether it is cash games, SNGs or MTTs) will earn your a bit of your bonus.

With sports betting deposit bonuses, you will need to wager the amount of your bonus (for instance, 10x your initial deposit amount) on qualifying games (games with a certain minimum odds threshold) in order to earn your bonus.

With casino deposit bonuses, you will need to wager a certain amount depending on the game that you are playing. Once you have done this, the bonus will be yours to keep.

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There is no trickery with these bonuses - these online gambling companies are forced to offer these bonuses in order to compete in a very competitive market.

These bonuses, however, must be "earned" by playing on the site. Familiarize yourself with the terms and conditions of these bonus offers in order to earn your bonus as quickly and efficiently as possible.

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