Best 500% First Deposit Bonuses in 2021
500% casino bonus offers can be challenging to come across – but not when you have them all gathered in one place. What’s more, did you know that it’s actually very easy to claim a 500% welcome bonus? We have collected some of the best quality 500% match bonuses for your convenience, and we’ll also tell you everything you need to know about them. Read our guide to learn how to claim your bonus!
Last Updated on 31/08/2021 by Adam Beaufort
What is a 500% Welcome Bonus?
A 500% welcome bonus is among the highest deposit match casino offers. Gaming sites typically have a strong emphasis on attracting new players, and much attention is, therefore, given to launching promotions that target new customers. And as a form of a casino deposit bonus, this offer rewards the first deposit that new players make at the casino by a 500% match. In other words, if you were to deposit £20 at the casino, it would credit you with a bonus worth £100. And altogether, you would have a total of £120 on your casino balance with the respective withdraw limitations. Keep in mind that with a such high match percent you are more likely to claim a £5 deposit bonus.
Why UK Players Look for 500% Deposit Offers?
So, as you can see, such offers provide a considerable amount of added value to players’ deposits. And in doing so, they can also allow you to explore more of the games in the casino’s library and possibly even spend a longer time playing the titles you already love. Also, when it comes to picking a good 500% casino bonus, UK players have the advantage of choosing from safer and more reliable options. Every casino offering its services in the UK must hold a license issued by the UK Gambling Commission, one of the world’s most heavyweight gaming authorities.
Choosing a 500% Deposit Bonus Casino
When you’re choosing a 500% deposit bonus casino, there are several critical factors to take into account. After all, you want to make sure not only that you get a great bonus but that it’s from a reputable and honest gaming platform. Furthermore, the site needs also to be fun and exciting; otherwise, you won’t get to enjoy that bonus as much either.
A Valid UKGC License
So the first thing to look for at an online casino is its license. All top UK casinos are licensed by the UKGC, so be sure to see such a license present.
Is Your Privacy Safe?
Then you can also consider other aspects that would guarantee your safety at the casino. For example, the use of encryption technology is imperative, as the casino handles sensitive information, and that information must be protected.
Game Selection – Play Favourite Slots
Other things to consider include the game selection. For instance, if it’s slot sites you’re interested in specifically, then you will want to probably check the supported brands, the available themes, and potentially the presence of jackpot titles.
Although listed last, the online casino’s payment methods are certainly just as important as the other cornerstones we’ve mentioned here. After all, you need to be able to deposit to claim your bonus, and that can only be done via a method that is accessible to you.
500% Casino Deposit Bonus Terms & Conditions
Every 500% casino deposit bonus has its terms and conditions. And it’s paramount that players read them, as this is how they can find out how they are expected to meet the wagering requirements and, thus, release their winnings. Furthermore, by reading the terms and conditions of the 500% deposit bonus, casino players can also determine whether or not it would, in fact, make sense for them to claim the offer. So without further ado, here are some of the top points to pay attention to in the bonus terms before actually accepting the bonus.
- Wagering Requirements. The wagering requirements tell you how much worth in wagers or stakes you need to make in order to roll over the bonus. Rolling over the bonus, in turn, is necessary if you would like to cash out your winnings; otherwise, they will be forfeited.
- Time Limits. Time limits may apply to the bonus itself; hence you have a certain amount of time to use the bonus funds. But with 500% deposit offers, it’s more common for the time limits to apply to the wagering requirements. Hence, players will have a limited amount of time to fulfill those requirements.
- Game Limits. Sometimes casinos may limit the types of games you can use the bonus funds on, although this is less common. However, there is almost always a distinction in terms of the contribution weight of different games to the wagering requirements. So steer clear of games that have no contribution weight at all.
- Eligibility. Make sure that you are eligible to claim the bonus. Basic requirements for any casino bonus will include being over the age of 18, having a registered account with the online casino, and making a deposit. But be sure you are aware of any additional requirements, as well.
- Win Limits. It may be possible for the casino to have placed a limit on the amount you can win with the help of the bonus funds. This isn’t typically the case with deposit bonuses, but it’s still essential that you make sure of this before accepting the promotional offer.
- Payment Method Restrictions. Note any potential restrictions that may refer to payment methods used to deposit. Sometimes the casino may choose to exclude deposits via certain payment providers from their bonus offers for various reasons, so make sure you are aware of any such points in the bonus terms.
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How to Get the Most of the 500% First Deposit Bonus UK Guide
To really benefit from your 500% first deposit bonus, UK players can do several things. First off, assuming you’ve already chosen a safe and fair 500% casino bonus, UK players should take the time to evaluate the terms Calculate how much you would need to stake to roll over the bonus. And consider that amount with respect to the time given to meet the wagering requirements. Does it seem reasonable to you? If your personal gaming style is aligned with that amount, then this would be a good offer for you.
Other Types of Casino Bonuses
Indeed, 500% deposit bonuses are not the only kind of bonus you can get from an online casino. As a matter of fact, the world of casino bonuses is oversaturated with various types of promotional offers. And the main distinction we make here is the target audience of these offers.
New Players Get Attractive Deals
Namely, on the one hand, there are promotions that aim to attract new players, and these are known as welcome bonuses. These don’t necessarily have to be deposit bonuses either. In fact, there are several different types of no deposit bonuses. For instance, you may be offered free spins – no deposit necessary. All you need to do to claim them is create an account at the online casino.
Spin the Reels for Free
Similarly, these same free spins can be part of a larger package, in which, upon depositing, you can unlock further perks, e.g., a cash bonus. Sometimes online casinos even take things a step farther and extend the offer of their deposit bonus to cover not just your first, but at times also your second, third, and possibly even fourth deposit at the casino.
How About Existing Players?
On the other hand, we have promotions and bonus offers that aim to retain existing players. Most commonly, such offers are found in the form of reload bonuses, and, as a rule, they tend to offer a smaller match on your deposit (e.g., 50% reload bonus).
Cashback Offers at UK Online Casinos
Of course, there are also other forms of bonuses that cater to returning customers, such as casino cashback offers. Such offers are specifically designed for players who’ve lost a considerable amount at the casino. And by offering them, the house usually refunds the player a portion of their losses – as a friendly gesture. Cashback bonuses are usually also free of any wagering requirements.
500% deposit offers, although seen as highly attractive by most players, aren’t the only or even the most common type of deposit bonus. On the contrary, you are more likely to come across offers of a lesser value. For example, perhaps the most popular size welcome offer at casinos is the 100% deposit bonus. But larger ones can be found, too. 200% match bonuses are also reasonably popular. And if that’s still not quite enough for you, you can check out our selection of 300% deposit offers from some of the top-rated UK casino sites.
500% Welcome Bonus Pros & Cons
Every 500% welcome bonus has its own benefits, just as it has its drawbacks. Of course, the specifics will come down to the terms and conditions of each separate offer. But the gist of it can be summed up as follows. Any 500% UK bonus casino offer provides the advantage of boosting your bankroll. And it boosts your bankroll six-fold, at that (500% bonus + deposit). But on the downside, when it comes to cashing out any winnings, you are bound by the wagering requirements. At a glance, here are the main pros and cons of accepting such a bonus.
- Boosts your bankroll
- Much larger sized bonus than average
- A chance to experience more games
- More funds to play favorite titles longer
- Wagering requirements will be higher
- Game limits may apply
- Less frequently found at online casinos
Newest Casino Bonuses for October
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500% Match Bonus FAQs
What are 500% casino match bonuses?
These are bonuses that are offered on your deposit, where the casino will match the value of your deposit by 500%. E.g., if you deposit £100, the casino will grant you a £500 bonus.
Who are 500% deposit bonuses for?
That will depend on the exact promotion. For instance, if it’s a welcome bonus, then new players at the casino will be able to benefit from it. If it’s a reload offer, then it will be intended for players who’ve already been customers of the casino for some time and are prompted to make a subsequent deposit.
Do casinos lose money on bonuses?
No, otherwise, they wouldn't be running such promotions. Casinos make back what they give away in bonus money thanks to the wagering requirements.
How do I choose the best casino bonus?
First, you will need to consider the online casino offering the bonus. Make sure it’s licensed, safe, and has a good selection of games and payment providers. Then consider the wagering requirements and other bonus terms and compare similar offers among each other.
Are 500% deposit bonuses available for mobile gaming?
Yes! Casino bonuses aren’t meant for any particular device. And with most online gaming sites these days being perfectly optimized for smartphones and tablets, you don’t need to worry about your bonus being available on mobile. In fact, we have a list of top-rated mobile casinos you may want to check out.
Is a 500% match bonus better than a 200% match bonus?
That all depends on the bonus terms and your personal gaming style. So, if, for example, the wagering requirements of the 500% bonus seem unreasonably high to you, you may prefer to opt for the 200% bonus with lesser rollover requirements.