500% Casino Bonuses

What is a 500% Bonus and How Does It Work?

A 500% casino bonus is a type of promotion that is given away by some online casinos in a bid to lure new players to their site and make a deposit. Generally, it is available to all new depositing players as a 500% welcome bonus, but it can also be given away to existing players, VIP players or as part of a loyalty scheme.

While it is common to see a 100% bonus and 200% deposit bonus, a 500% deposit bonus sees the casino matching the money deposited by the player by 500%. This means that if you are claiming a 500% deposit bonus casino offer of up to €1,000, and you make a minimum deposit of €100, you are given €500 in bonus cash by the casino, giving you a total of €600 to play with (€100 of which is the player’s deposited funds).

Here is a general overview of how a 500% deposit bonus works:

• Minimum deposit requirement: Before you can receive your deposit bonus, you will first need to make the minimum deposit as stipulated in the terms and conditions. If you make a deposit that is less than is required, then you will miss out on the offer.
• Bonus Calculation: Once the deposit goes through, the casino will automatically calculate the bonus amount. This will be added to the money deposited.
• Bonus funds: Your deposit will be matched by 500% up to a specific limit. If we take once again the example provided above, this also means that you can receive up to a maximum of €1,000. You cannot receive more than this even if you make a deposit of €1,000.
• Wagering requirements: Like all casino deposit bonus offers and promotions, your 500% deposit bonus is subject to various terms and conditions and more notably, the wagering requirements. While most 500% bonuses are attractive, pay attention to the wagering requirement attached, which gives you a good idea of the odds of you meeting them and cashing out your winnings. Some bonuses may also tie in money deposited to the wagering requirements.
• Eligibility of the games: Another key element that you need to take into consideration is the eligibility and validity of the games. Bear in mind that high RTP slot games, RNG cards and table games and live dealer games may not contribute towards the wagering requirements. If you have your heart set on playing these games, you may want to find a more suitable casino promotion.
• Time limit: A 500% bonus comes with a specific time limit within which the wagering requirements must be met. Most online casinos give you a 30-day time period in which you must meet the wagering requirements, while others may have a shorter period of 4 days or less. Always read the terms and conditions to confirm
• Caps on Winnings: Some online casino operators may impose a cap on winning if you meet the wagering requirements, though many others don’t. This is all specified in the fine print.

How to Claim a 500% Deposit Bonus

Claiming a 500% deposit bonus is generally an easy and straightforward process that only takes a few steps. Since online casinos know all too well that players want quick and easy access to gaming, they have made the deposit process hassle-free. It is important that before claiming any casino bonuses, regardless of their size, you take the time to read the terms and conditions carefully.

Some deposit bonus deals may look similar in size, but their terms and conditions may be different and worlds apart. While the deposit process may vary from one 500% deposit bonus casino to another, here is a general overview of how it pans out:

1. Find a 500% casino: Start by browsing through the carefully-selected list of 500% deposit casinos listed above here.
2. Read the casino reviews: Narrow down your search to a few gambling sites and get to know them by reading the casino reviews here at NewCasinos.
3. Terms and conditions: Once you have chosen a casino, feel free to read the terms and conditions of the welcome bonus package and see if it is to your liking. Check that everything is to your liking and order.
4. Register for an account: You can now proceed to sign up for an account by submitting all requested details and completing the registration process at your chosen deposit casino.
5. Make a deposit: If you want to claim the 500% percentage welcome bonus, you can now make the min deposit stipulated via your chosen payment method.
6. Bonus codes: If you have a casino bonus code available at your disposal, it is necessary that you input it in the appropriate section to unlock your reward.
7. Start playing: As soon as your deposit goes through, both the money deposited and bonus money is credited to your account. You can now start playing your favourite casino games.

Why Choose a Casino With a 500% Welcome Bonus?

Choosing a 500% deposit bonus casino comes with a myriad of benefits for you and your bankroll. If you want to maximise your deposit and extend your gaming time, taking advantage of such an offer is ideal. Bear in mind, that some welcome bonus offers of 500% are also hybrid, which may entail bonus spins thrown into the mix.

Here are some of the best reasons why you choose a casino with a 500% welcome bonus:

• Significant Bonus Boost: While all casino bonuses promise to boost your bankroll, most of them double or even triple the money deposited at best. A 500% deposit bonus quintuples the money deposited, giving you five times the deposit amount as bonus funds.
• Play with Gusto: With a significantly larger bankroll, you can play your favourite games for longer. You can also try different casino games and online slots, try various betting strategies and try your hand at snapping up a jackpot.
• Higher bet sizes: A larger bankroll also gives you the chance to place bigger bets and play at higher stake sizes. This could potentially lead to larger wins and give you the chance to participate in special live dealer games that accept larger stakes.
• Explore Games: You have the chance to explore a wider variety of gaming options, including online slot games, RNG casino games, live dealer games and even progressive jackpots.
• Opportunity to win big: With more funds to play with, you also have a significantly higher chance of winning significantly bigger wins.
• Play on the go: All 500% match bonuses can be claimed from any mobile casino. This gives you the chance to apply a strategy, play games and gain experience and even request a payout at your chosen casino if luck is on your side.

Advantages of a 500% Deposit Bonus

• Bigger bankroll: The most obvious advantage is that it significantly increases the size of your bankroll. You receive 5 times the amount deposited in bonus funds.
• Extended gameplay: The larger bonus amounts enable you to play games, such as Blackjack, Baccarat, Poker and Roulette and fine-tune your betting strategies. You can also try different games and have extended gameplay without your funds depleting too quickly.
• Wager bigger bets: Depending on the terms and conditions, you have the ability to place bigger bets up to a specific limit. Making higher bets than those allowed and specified in the terms and conditions could result in your wagers not contributing to the wagering requirements.
• Reduced risk: While you should take this benefit with a little pinch of salt, you also can significantly slow down how quickly you lose money.

Disadvantages of a 500% Deposit Bonus

• Wagering requirements: Sadly, the higher the bonus percentage is, the higher the wagering requirements are. To stop bonus abusers and to safeguard their casino interests, operators may have higher than average wagering requirements than those of lower percentage deposit bonuses. Paying attention to the information presented in the terms should give you a good idea of the rules and terms you would need to adhere to, to have the best possible chance of cashing out.
• Restrictions on games: Some games may not contribute 100% or at all. These restrictions are generally tied down to high RTP slot games, and games where the player can influence the result and lower the house edge, such as table games and live casino games.
• Constraints on Time: Some casino bonuses may come with a shorter time limit for meeting the playthroughs. As long as you are aware of the validity of the bonus, you should be able to play within the time constraints.
• Maximum win limits: Some online casino operators may impose a set limit on how much a player can cash out once they have met the wagering requirement. For example, if a bonus has a cap on winning of €100 and you have €250 after meeting the rollover, you forfeit €150 when cashing out.

Best Tips & Tricks to Find Casinos With a 500% Welcome Bonus

If you have landed at NewCasinos looking for the best 500% welcome bonus offers, then you have come to the right place. However, if you would like to conduct your own research, we can equip you with all the necessary information to help you make a safe and informed decision:

• Read casino and player reviews: Similar to word of mouth, reading casino reviews and what other players have to say is a pivotal first step in learning about potential red flags and how to avoid them.
• Check the gambling licence: Before signing up and snapping up the first deposit match bonus that comes your way, it is important that you pay attention to the basics. Look for a valid gambling licence and check for any safety and security procedures and tools that may be in place. Depending on where you are based, you may be able to sign up for a casino account with a Curacao, Maltese or UK licence.
• Promotions page: Check the promotions pages of online deposit bonus casinos to see what their welcome bonuses and promotions are. There may be spins bonuses and various-sized bonuses up for grabs the more you make deposits.
• Read the terms and conditions: We cannot stress this enough, but take the time to read the terms and conditions. It will save you any unnecessary hassle and money. It is not uncommon to come across casino bonuses with a 100x and 200x wagering requirement. The average wagering requirement is 35x.
• Email marketing: Once you have found a casino you are happy with, we recommend subscribing to the promotional emails where you may occasionally receive a 500% deposit bonus.

Why Do Casinos Offer a 500% Welcome Bonus?

It is an often-mentioned and known fact that the online gambling industry is heavily competitive. It is only natural that many gambling sites are coming up with new and innovative ways to attract new players to their sites. These high-percentage casino bonuses have been created with the aim of capturing and commanding the attention of players and essentially getting them to register for an account.

• Capture the attention: A 500% welcome bonus is an enticing promotion that can grab the attention of people and allow them to have more fun with a bigger bankroll.
• Beat the competition: In a bid to attract new players, offering such an attractive promotion will help set a casino apart from its competitors. It also allows players to get their hands on the best value for their money.
• Attract and keep players: You can rest assured that the fun will not stop with the 500% welcome bonus. Online gambling sites try their best to keep their players happy and they do so, by introducing and running thrilling promotions, such as bonus spins and generous reload bonuses.
• Enhancing brand visibility: As part of ongoing marketing tactics, more casinos are looking to increase their visibility and recognition in the online gambling industry. Not only will it lead to an increase in trust values, but also brand awareness.
• Showcase their game range: While the generous bonus will surely turn heads, this is also the casino’s golden opportunity to showcase its features, including a wide range of games, including card games and progressive jackpots, as well as ease of navigation. Everything has been designed to keep things easy and straightforward to keep users happy.
• Live chat: Some online casinos will go out of their way to keep customers happy and will offer generous bonuses to players who ask for special promotions to the customer support team. This does not only tie into bingo sites which are known for showering their players with a lot of promotions, but also to many brands which are offering their gambling services.

Wagering Requirements and 500% Deposit Bonus Casino Sites

Wagering requirements are an essential part of the online gambling industry. They come part and parcel with every casino bonus and promotion available on the market. While wagering requirements were practically non-existent in the past, these days they are an essential tool to ward off any bonus abusers and essentially control the payouts issued by the casino. A wagering requirement states the number of times that players would need to wager their bonus before their bonus funds are converted into withdrawable bonus funds. This information is generally highlighted in significant terms or tucked away in long pages of terms and conditions.

Understanding how wagering requirements could impact your gaming session, ultimately helps you pick the best 500% deposit bonus. The lower the wagering requirements, the better your odds of meeting them, provided you pick the right games. Let’s give you an example so you can better understand how they work. Let’s imagine you are claiming a 500% match deposit bonus of up to €1,000. This bonus comes with a low wagering requirement of 10x and if you are making a deposit of €100, then you have €500 in bonus funds and €600 including the money deposited.

Now we should also specify that some online casinos may or may not apply a wagering requirement on the money deposited. For this example, let’s imagine that the wagering requirement is tied to both the money deposited and the bonus funds. Since there is a wagering requirement of 10x, it would work as follows = €600 x 10 = €6,000.

This would mean that you would need to wager a total of €6,000 before your funds are released. While this may seem like an impossible sum, you have to keep in mind that you will also generate wins from playing games. While an element of luck plays a pivotal role in generating wins, picking the right games, such as high RTP slots at slot sites and playing a number of gaming options where you have a degree of influence on the outcome could boost your chances significantly.

Our Verdict on 500% Bonus Casinos

We recommend 500% casino bonuses as you can play with a lucrative offer that can help boost your online gambling experience when used wisely. As always, we strongly emphasise that you read and understand the terms & conditions to ensure you have a strategy in place to maximise your returns. This way you can play responsibly and set yourself up for rewarding gameplay.