500% Deposit Casino Bonuses

You probably know that when you sign up at a casino, you can earn a bonus for your first deposit, but did you know that this can be as large as 5 times the deposit amount? This is how 500% deposit bonuses work: they allow you to start your adventure at an online casino with a real boost. Find out everything you need to know about this rare gambling bonus in this guide.

How Does a 500% First Deposit Bonus Work?

This is a match deposit bonus. These promotions differ from each other according to their match rates, but they always work in the same way. As the name suggests, they always match the player’s deposit at a certain rate. For the bonus that is the subject of this guide, this rate is 500%, so this means you can get a bonus up to five times the deposit amount. So, if you deposit £20, for example, you will receive a bonus of £100. Unlike other match bonuses, this is a bonus only offered to new members: existing members will get a much lower match rate.

Advantages and Disadvantages of a 500% Deposit Bonus

A 500% deposit bonus in the UK is a rare and very advantageous offer, but like any other casino bonus, it also has some disadvantages. We list the pros and cons of this bonus below so you have a clear idea.

Pros

  • You can start playing with a bonus balance of five times your first deposit.
  • You can play more games & extend your playtime with the bonus.
  • Most of the time, you also get free spins with this offer.
  • If you win something with your bonus, you can keep it.

Cons

  • A wagering requirement is still needed, and it can also be big.
  • The bonus will be in a locked state until the wagering requirements are complete.

Should You Get a 500% Casino Deposit Bonus?

Definitely. A 500% welcome bonus is an extremely rare offer, and the reason is clear: with this promotion, you get five times your initial budget as a free bankroll. By depositing just 10 Pounds, it is possible to get a bonus balance of 50 Pounds. With this balance, you can play more games and/or extend your playtime in the games you like. If you win something, it’s yours, and you don’t need to invest anything for this. You should never miss an offer that allows you to win five times your deposit.

How Can You Get a 500% Welcome Bonus in the UK?

Start by choosing a site from the list of best 500% deposit bonuses from UK casinos we shared at the top of this page. Later:

  1. Complete the membership process by visiting the site of this casino.
  2. Log in with your username and password.
  3. You will see a “deposit” button on the home page or your profile page: click it.
  4. Choose one of the available payment methods and make your first deposit (make sure you deposit enough to activate the bonus).
  5. Refresh your profile page: you will see your 500% first deposit bonus automatically defined.

Match Deposit Bonuses vs No Deposit Offers

The difference between these two types of bonuses is simple and obvious: you don’t need to make a deposit to activate no deposit bonuses. As soon as you complete the registration process, this bonus is automatically credited to your account by the casino. You can also start using the bonus (free spins or cash) right away. If you win anything with it, you will be required to complete a wagering requirement to be able to withdraw.

Match deposit offers, however, can only be activated with a deposit. The amount of this investment is different in each casino, but there is always a minimum limit, and it usually varies between 10 – 20 Pounds. Your bonus is immediately credited to your account but cannot be withdrawn or used until the wagering requirements are met first.

Rules and Terms of 500% Casino Bonuses

  1. You can activate this online casino bonus only by making a deposit. Do not forget to find out how much this deposit can be, at least.
  2. Due to the wagering requirements, you will have to wager a certain amount of money to unlock your bonus. The wagering rate will determine what this amount will be. Make sure this ratio is as low as possible – 20x and around is ideal.
  3. Find out what the maximum bet limit will be and whether you are allowed to withdraw until the wagering requirements are met. The first will show you how long it will take you to complete the wagering condition. The latter will prevent you from accidentally cancelling the bonus.
  4. Note that you can mostly wager this bonus only by playing slots: due to its high amount, you may need to play online slots for a long time. Bonuses that allow you to play different games are more advantageous.

Getting Free With a 500% Deposit Bonus: Yes, It Is Possible

A 500% deposit casino bonus is almost always part of a welcome package, which will also include an offer of free spins. In other words, with your first deposit, you can get not only a cash bonus but also a certain number of free spins. This number will be different at each casino, but you can expect to win between 100 – 200 spins. Unlike no deposit free spins, these are an added benefit to the welcome offer for your first deposit. Note that the winnings from these spins will also be subject to wagering conditions.

Other Deposit Match Bonuses

A first deposit bonus technically counts as a welcome bonus, but there are other online casino bonuses that fit this description. In other words, the first deposit you make as a new member can also be matched at different rates. As we mentioned above, five hundred is the maximum rate in this regard, and it will not be possible to find any higher. It is also a rare offer for the same reason. However, deposit match bonuses are also available, and they are much more common. Below we list some of the other match offers you can find on the market.

  • 100% deposit bonus: The most common match deposit promotion. It is offered not only to new players but also to existing members. It allows you to earn a bonus of as much as the deposit made.
  • 200% deposit bonus: Second in prevalence and mostly offered to new players. It allows you to earn twice the deposit amount as a bonus.
  • 300% deposit bonus: Due to its high match rate, this one is only offered to new members and gives a bonus of three times the deposit amount.
  • 400% deposit bonus: The best offer after the 500% welcome bonus. It gives bonus cash up to four times the first deposit.

Internet Slots FAQ’s

Which Players Can Claim a 500% Deposit Bonus?

Usually, match bonuses are offered to both new and existing members. However, a 500% bonus can only be claimed by new members due to its very high match rate. Existing members do not get deals as big as this one: their match bonuses are lower.

Are 500% Deposit Bonuses Available on Mobile?

All gambling bonuses can be claimed and used on any device you like. A bonus is just another service of the casino: like all other services (i.e., games and payments), they work on mobile without a problem. You can simply use your mobile browser to claim and use a 500% deposit bonus.

Which Games Are Included in a 500% Deposit Bonus?

This bonus gives you an actual cash balance that can be used on any game. In this regard, all games in that casino are included in your bonus. However, some casinos may exclude some games from the bonus: if this is the case, it will be clearly stated in terms of the promotion.

When Can I Withdraw My 500% Casino Bonus?

Like all other gambling bonuses, a 500% deposit bonus can only be withdrawn after completing the related wagering requirement. This condition always requires you to wager a certain amount of money on games using your real balance. The wagering rate will show how much money needs to be wagered.