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Proceed with caution. A 500% deposit bonus is a rare and highly attractive offer that can significantly boost your bankroll, giving you five times the amount you initially deposit to play with. However, it’s important to approach these bonuses with a careful eye on the terms and conditions.
What is a 500% bonus?
A 500% bonus is a type of casino or betting promotion where the casino matches 500% of the player’s deposit as a bonus. For example, if you deposit $100, the casino would give you an additional $500 in bonus funds, resulting in a total of $600 to play with. However, while this offer seems attractive it often comes with demanding terms and conditions which must be met before any winnings from the bonus can be withdrawn.
Types of 500% bonuses
There are a few ways that casinos can offer this deposit match, including:
500% deposit bonus as a part of a welcome package
You are most likely to see a 500% deposit match as part of a welcome package. In our experience, it is mostly casinos licensed in Curacao that offer this kind of bonus.
500% bonus as a regular deposit offer
This type of promotion is quite unusual but it is possible to find. These sorts of offers can be made available as part of a regular promotion that is available to returning players who have already played through their welcome bonus.
How to find online casinos with 500% bonus?
Finding online casinos that offer a 500% bonus can be challenging, as these types of promotions are relatively rare compared to more common bonuses like 100% or 200%. However, following these steps, you might land yourself a deal:
- Check Casino Review Websites: Visit reputable casino review sites like JohnSlots, as they often feature detailed reviews and bonus comparisons that can help you identify which casinos currently offer a 500% bonus.
- Sign Up for Newsletters: Many online casinos offer special promotions to their subscribers.
- Visit Casino Promotion Pages: Some casinos might not advertise their 500% bonuses prominently on the homepage but will list them under a promotions or bonus section.
- Join Casino Forums or Communities: Engaging in online gambling forums, such as those on Reddit or specialized gambling communities, can help you find insider tips about where to find the best bonus offers.
Different types of 500% bonuses
As you might already know, not all bonuses are the same and that goes for 500% bonuses too. There are a few ways that casinos can offer this deposit match, as we detail below.
500% deposit bonus as a part of a welcome package
You are most likely to see a 500% deposit match as part of a welcome package. In our experience, it is mostly casinos licensed in Curacao that offer this kind of bonus.
500% bonus as a regular deposit offer
This type of promotion is quite unusual but it is possible to find. These sorts of offers can be made available as part of a regular promotion that is available to returning players who have already played through their welcome bonus.
Wager-free 500% bonus
To our knowledge, there is no online casino out there that offers any kind of wager-free deposit bonus. Some brands do offer wager-free free spins bonuses but you can find those on our other toplist page.
What is a good 500% bonus?
The quality of a bonus is not just about the percentage the casino will match but the restrictions laid out in the terms and conditions as well. Here’s how you can decide whether the offer is good or not:
Check the maximum bonus
Always be aware of the bonus limit before you accept one and make sure it aligns with how much you are likely to deposit. Bonuses with high limits will be more appealing to players with higher budgets while they might be unnecessary for those who wish to make a smaller first deposit with a casino.
Check the wagering requirements
The wagering requirements for most bonuses fall somewhere between x20 and x50, though as these are set by casinos themselves, they can be higher or lower. That’s why it is so important to check the terms and conditions!
You should also check whether the wagering requirements apply to just the bonus funds or to the funds plus the initial deposit as well. If the bonus include free spins, make sure you know what wagering requirements apply to them as well.
When a bonus comes with too high a wagering requirement, it is better to walk away than to have to deal with punitive terms. If you do not meet wagering requirements, a withdrawal will not be allowed without having to forfeit the bonus entirely.
Check the time limits
Check how long you have to use up a bonus. Most casinos set a time limit for wagering a bonus of between 14 days and 30 days, though this varies between brands. Be wary of casinos with too-short time limits as these can be an indication that the casino is banking on the player being unable to meet the deadline.
Other terms and conditions
Always make sure you read the fine print before accepting a bonus of any shape or size so that you can rest assured that you can enjoy it to the full.