Guide Summary
- Create an account if you’re new.
- Navigate to the Cashier section of the Casino.
- Enter your bonus code.
- Make a deposit of $20.
What Are 500% Match Deposit Bonuses?
A 500% match bonus casino means you will match your deposit by getting 5 times a certain amount. For instance, if a list of online casinos offers a 500% bonus for a minimum deposit of €20, it means you will receive €100 after wagering the initial €20. So, you play with €120 instead of of €20. However, the minimum deposit may vary with a different 500% deposit bonus casino.
The casino market is highly competitive, with new casinos entering the gambling industry every year. Many times, the online casino bonus 500% offer is a strong incentive to entice new players and encourage existing ones.
Learn to Calculate the True Value of Your Casino 500 Match Deposit
When calculating the true value of your match deposit, you need to consider certain factors, such as game contribution. Here is an example: let’s say you decided to play a live dealer game which has a low contribution of 10%, over a slot game with a 100% contribution, and they both offer a 500 percent bonus. The value you get from the slot game will be higher than the live dealer game’s value, which also means that with the live dealer game, you still need at least 10 times the wager on the slot game.
Example: Minimum €10 deposit bonus for a 500% match with 10x wager
- Minimum Deposit Amount: €10
- 10x wagering = €100
- €50 bonus received on deposit
- Must wager €100 from deposit before cashing out
- Maximum Deposit Amount: €100
- 10x wagering = €1,000
- €500 bonus received on deposit
- Must wager €1,000 from deposit before cashing out
Now since a portion of the deposit itself must be wagered and cannot immediately be withdrawn, the real value is not the full €50 bonus amount. It’s more like €25-€30.
On the max deposit, the player must wager €500 first before accessing the €500 bonus money. So the real max bonus value is likely around €200-€250.
The wager requirement forces the player to risk a chunk of their own deposit funds before withdrawing anything, substantially decreasing the true money available from the headline percentage-based bonus amount.
Make the Most Out of Your 500% Casino Welcome Bonus
| Best Strategy | How Does it Maximize Profit? |
|---|---|
| Choose games with a low house edge | Games like blackjack are usually advantageous because they have a low house edge. This means the casino has less to earn from such a game (usually in percentages) than a gambler. |
| Cash out regularly | By cashing out regularly, you reduce the temptation of placing huge bets, thus eradicating potential loss. |
| Explore different games | Exploring will help you to understand the available odds. For insurance, the odds of winning are high when you play blackjack, which has a low house edge. |
| Place your bet accordingly | If you don’t set a loss limit, you risk losing the profit you earned from a casino 500 deposit bonus. You can start with a small bet size, then gradually increase your stake. |
| Get familiar with the bonus offer | Several casinos have different bonus rules. Thus, you must get familiar with your preferred 500 bonus casino to understand crucial terms like the expiration date, so you don’t lose your bonus money. |
| Optimize your deposit | A deposit casino may require you to make a deposit of up to €200 before using your bonus. This will likely yield more profit by allowing you to bet on more games. |
| Choose games low wagering requirements | The best online casino will always provide an offer with low wagering requirements. Since players don’t have to meet a high wager, you have a better chance of withdrawing their winnings easily. |
| Focus on low and medium variance slot machines | Focusing on low and medium-variance slots allows players to win consistently. Even though you cannot use them for big payouts like the high variance slots, they are a preferred option for new players. |
We had a keen eye for detail when playing at a 500 deposit bonus casino. After a successful registration, we tested strategies that could improve users’ experience with different bonuses.
Our bonus review expert, Adina Minculescu, then identified the top eight strategies out of several others. We discovered these eight strategies provided players with maximum satisfaction regardless of their experience level. It didn’t stop there, as our CEO, Tudor Turiceanu, approved the selections before compiling them in a table.
Bonus Terms to Watch Out When Claiming a 500% First Deposit Bonus
| Bonus Terms and Conditions | Definition |
|---|---|
| Bonus value limitation | The maximum bonus funds you can get from a casino. For example, if the limit on a 500% bonus is €200, you can’t get beyond €1,000 as a bonus fund. |
| Excluded games for wagering contribution | When you play certain games, they won’t contribute at 100% to the bonus wagering requirement. |
| High wagering requirements | Taking advantage of a 500 bonus becomes challenging if the wagering requirement is high (above 40x). This means you need to wager multiple times before the casino allows you to withdraw money. |
| Bet amount | Monetary value you gamble or bet with, at a casino. |
| Payment restrictions | These encompass the rules guiding players’ withdrawals and deposits. This may include the available payment methods, the processing time, transaction fee, etc. |
| Maximum cashout | The highest amount of winning or real money you can withdraw from your bonus funds. |
We discovered that bonuses with plenty of excluded games for wagering contributions reduce players’ chance to use a 500 bonus to their advantage. This is because it reduces their gaming opportunity. We checked with other terms too, and compiled the most important ones players should pay attention to.
Best Payment Methods to Use to Claim a 500% Match Bonus
| Payment Provider | Type of Service | Deposit Range | Withdrawal Range | Withdrawal Time | Best for |
|---|---|---|---|---|---|
| Neosurf | Prepaid voucher service | €10 – €250 | €100 – €10,000 | 1-2 business days | Anonymity and heightened security |
| Sofort | Online payment solutions | €20 – €250 | €100 – €5,000 | 24 hours to 3 days | Safety and convenience. |
| MuchBetter | Mobile payment application | €10 – €5,000 | €10 – €5,000 | 1-3 business days | Heightened security via the dynamic CVV (Card Verification Value) |
| EntroPay | Virtual prepaid card | €20 – €5,000 | €10 – €10,000 | Instant to 3 working days | Setting up multiple virtual cards in different currencies. |
| Revolut | Financial services | €10 – €5,000 | €10 – €5,000 | 1-10 working days | Offering a range of financial features. |
| Google Pay | A digital wallet and online payment system by Google. | €10 – €5,000 | €10 – €10,000 | Can’t withdraw | Ease of access |
| Apple Pay | A mobile payment and digital wallet service by Apple Inc. | €5 – €5,000 | €10 – €50,000 | Can’t withdraw | Helping users transact privately on the app and across the web. |
From all the payment methods we listed in the table above, our expert team chooses Apple Pay as the best option to deposit and Revolut for withdrawing. This is especially important for players who want to use the 500 casino bonus. The Revolut and Apple Pay payment method takes a shorter time to complete transactions, and you also get to enjoy optimum security features, such as face ID.
Top 500 Casino Bonus Alternatives
We know that a 500% casino bonus might be rare, but you can still get some alternative offers from the best online casino. However, some of these alternative offers come as a welcome bonus for new members, while you may get others as a reload bonus.
200% Match Bonuses
A 200% match bonus is a good alternative to an online casino bonus 500 offer, because it often comes with a low wagering requirement. It also means you get to double your deposit amount, while the casino operator doubles your bonus. You can also get the 100 bonus match that usually grants the same things as the 200%, but is more suitable for new players who want to try out games.
300% Deposit Bonus
A 300% deposit bonus is also an excellent alternative to the 500% deposit bonus, with a low initial deposit requirement. The 300% casino promotion usually integrates live dealer games with better wagering contributions than the average match deposit bonus casino offer.
400% Casino Bonuses
Even though the gap between a 400% and 500% casino bonus is small, the risk involved in a 400% bonus is smaller. Also, a 400% casino bonus will boost your deposit amount 4 times on more flexible terms. We recommend this bonus offer to more experienced players.
Pros and Cons of Casinos 500% Deposit Bonuses
Pros
- Casinos match your deposit amount, so you get more bonus funds for gambling;
- You get more opportunities to stake high;
- A 500% bonus allows players to explore game varieties;
- It’s an attractive welcome package incentive for a new player.
Cons
- The risk involved in a 500% bonus is high.
- You must complete the wagering multiple times.
- Gamblers are at higher risk of abusing their bonuses.
How We Test Online Casinos with 500% Bonuses
- Bonus Value: We test the 500% deposit bonus value by creating real casino accounts and making a deposit to obtain the maximum bonus value. Our experts also calculate the true bonus value and how convenient it is, depending on wagering and other bonus features.
- Multiplier: Our team wagers each online casino bonus 500% to obtain winnings. We then check the casino account profile to see if the multiplier works correctly. We also check the terms and conditions for rules related to accessing multiplied winnings.
- Min. Deposit: To access many 500% bonus online casino offers, we also transfer the minimum deposit mentioned in the promotional terms using multiple payment services. We test how quickly the deposit appears in the casino account and if it activates the right amount of bonus funds.
- Max. Cashout: After obtaining winnings and completing the bonus playthrough, we proceed to cashout. We go through all the necessary steps, and test how much we can actually withdraw, how quickly the transaction is processed, and which payment methods we can use for payouts.
- Wagering: When testing the wagering requirements for a 500% match deposit bonus, we look at the betting limits and how easy they are to complete within the bonus availability. We also check if the RTP of eligible games is high enough compared to the playthrough requirements to give you a winning chance.
