Guide Summary
- To get a 500% match deposit between $20 – $99.99
- To get a 650% match deposit between $100 – $149.99
- To get an 800% match deposit between $150 – $199.99
- To get a 1000% match deposit over $200
How CasinoAlpha Tests 500% Deposit Bonuses
“Casinos use big match percentages to hide weak bonus value, and players often get less profit than from a 100% match with lower wagering,” reveals Adina Minculescu, one of our top bonus and casino analysts. That’s why we rejected 3 in every 4, 500% bonuses after thorough testing.
Our CasinoAlpha team has fully tried and tested every 500 deposit bonus casino offer found on this page. We have a thorough process for testing all bonuses, which follows five key steps as shown below:
| Stage | Description | Potential Issues Witnessed |
|---|---|---|
| Account Opening | We open real player accounts, noting down the time taken and the overall ease of signing up. | Delays with verification, though this happened in around 7% of the casinos we tested. |
| Terms and Conditions | We keenly read through the T&Cs to see the dos and don’ts of this bonus. Close focus on wagering, validity period, and applicable games. | Omissions and unclear clauses. Some casinos had unclear rules around game contribution rates and the max win limit. |
| Making a Qualifying Deposit | Every 500% promo has a minimum qualifying deposit. So we deposit the least allowed amount and claim the offer. Our goal is to see how fast and easy the claiming process is. | Excluded payment methods. 50% of the casinos we reviewed excluded Skrill, Neteller, and Paysafecard from the offer. Also, 83% of the casinos reviewed distributed the 500% bonus across multiple deposits (not just one). |
| Promo Code | A combination of text and numbers to use before making a deposit. Some 500% bonuses don’t require these codes. | Some casinos require a promo code, but they don’t display it on the terms page. |
| Game Testing | We’ll then use the offer, adhering to all the terms and conditions, and complete the wagering requirements to ensure that all the terms are correct and the process for using the bonus is smooth. | Unclear rules on whether some games contribute to bonus wagering or not. Common ones in this category were scratch cards and bingo. |
| Cashout Time | After completing wagering on time and having something left for withdrawal, we make the request. Here, we assess how fast bonus withdrawal is, whether the limits imposed are in line with the T&Cs, and how easy the process is. | In 5 casinos, we had less than the minimum withdrawal required, so we couldn’t make a cashout. In others, there are re-verifications to confirm there was no bonus abuse. |
Pro Tip: Always keep screenshots of gameplay to prove that you truly used the bonus funds on applicable games to compete wagering.
How Does an Online Casino 500 First Deposit Bonus Work?
In a nutshell, 500% deposit bonuses will match your first deposit by giving you 500% of that value as a free bet. So, if you were to sign up to a casino site with this offer and make a first deposit of $20, you’d then also receive $100 to play with as free bets. That’s because 500% of 20 is 100.
Some casino promotions may differ slightly in that the 500% figure could be a combination of multiple offers. These are becoming more and more common, and a casino may not just offer a match deposit bonus on your first deposit but also follow deposits.
So, in theory, a 500% deposit bonus could also be made up like the following:
- 50% deposit match bonus on the first deposit
- 50% deposit match bonus on the second deposit
- 100% deposit match bonus on the third deposit
- 100% deposit match bonus on the fourth deposit
- 200% deposit match bonus on the fifth deposit
Keep in mind that this is just an example. Again, that’s why it’s always worth reading the terms and conditions to understand the type of bonus it is in order to get a full lay of the land. This is also the case for most other deposit match values, including 300% casino bonuses, which will be divided across multiple deposits.
How to Claim 500% Deposit Bonus Offers – Quick Guide
If some of the 500 match bonus casino offers above have tweaked your interest and you’re looking to sign up for the welcome bonuses, it’s generally a straightforward process that can be completed in just a few minutes.
To claim a 500% deposit casino bonus, you’ll typically have to follow these steps:
- Select one of the offers above and click through to the official online casino NZ website.
- Choose the registration option and begin to fill out your details. This will include personal details such as name, email address, address and so on. Confirm this to create your account.
- Make a qualifying deposit at the site, as stated in the terms and conditions. Depending on the terms of the offer, you may also need to enter a bonus code here. So do not miss that!
- You’ll then receive your 500% bonus in your bankroll to begin playing.
It’s worth noting that in some instances, you may have to place bets with your first deposit before you receive your bonus, which again will be stated in the terms and conditions.
Typical Terms & Conditions For 500% Deposit Casino Bonuses in New Zealand
“Casinos offering high match deposit bonuses like 500% are 3x more likely to delay withdrawals with extra checks,” Adina Minculescu explains. These checks normally review your gameplay to check whether you violated any of the terms.
That’s why it’s important to read the terms and conditions of 500% deposit bonuses, and indeed any offer, as there are several stipulations that you need to adhere to not only to claim your offer but also ensure you can cash out any winnings and so forth.
The terms and conditions will always be readily available on a promotion’s page, usually in small print and linking to a full page of the information. While terms and conditions do differ from casino to casino and offer to offer, there are common aspects to look out for, including:
Wagering requirements
There will be a set of requirements you have to complete before you can cash out any winnings. Players will be required to spend their bonus amount a set number of times in the casino prior to withdrawal. For example, an offer may carry wagering requirements of 50x the bonus amount. Therefore, if you received a $100 bonus, you’d have to wager $5,000 from that bonus and any winnings as a result before you could withdraw.
When it comes to completing minimum wagering requirements, certain games may also not fully contribute to them. So, for example, you may find that slots contribute 100%, but blackjack only contributes 50% towards wagering requirements. This means that if you were to take the same example as above and entirely play blackjack to complete wagering requirements, you’d have to wager a total of $10,000 to complete them. Unfortunately, no wagering bonuses with a 500% are extremely rare, so low wagering requirements will have to do.
Time scales
Time frames come into play at different stages of a bonus. You’ll generally have to do the following within a certain time frame, which can range usually from 72 hours up to a month:
- Claim the 500 match bonus casino offer
- Use the bonus funds you receive
- Complete the wagering requirements
Let me share a personal experience to emphasize the need for observing timeframes. Last month, I claimed the 500% match bonus at Nitro Casino using a $25 deposit via Visa. I got $125 in bonus funds, and I intended to make the most out of it. The 20x wagering seemed achievable, so I didn’t need to rush (or at least I thought so).
Now, the bonus was awarded on Saturday at 10 AM. By the end of that day, I had completed approximately 10x wagering. I took a break on Sunday and resumed the following Monday at 11 PM, only to find my bonus had already expired.
True, some casinos use fake urgency to get you to claim the offer, but others are serious about it. Nitro Casino’s offer had a 2-day expiration period, after which the bonus and any accrued winnings became void.
Minimum/maximum deposit
You will only be able to claim the offer if you place at least the minimum deposit amount set by a casino. Typically you’ll find this is around the $10-$20 mark. So, if you were to place a deposit of $10, you’d have your $10 stake to play with, plus $50 in free bets.
The maximum deposit is also important to note within the casino bonus offer. 500 bonus casino offers will state that they will offer 500% up to a certain value. For example, it may be that you can get a 500% match on a deposit up to a value of $200. Therefore, you’d only receive a full 500% match up to a deposit of $40. That doesn’t mean you can only deposit a maximum of $40, but it does mean that any deposits higher would see the bonus amount capped at $200.
Select games only
There’s a good chance that the deposit bonus offers you’re given can only be used on certain games. This is commonplace, and the games available to play are always clearly highlighted on an offer page.
Usually, the games you can play with a bonus are among the more popular on a site, or new games, as the casino is trying to entice new players in. Some, however, don’t have any games attached to them, and you can use them for any casino game.
Adina Minculescu notes that “65% of all 500% casino bonuses in New Zealand are limited to low-RTP games to limit players from making bigger profits.” So, check the applicable games to make sure you’re getting the best deal.
Payment method
Not as common as those mentioned above, but there could be certain exclusions when it comes to the fast payment method you use to make a deposit. Sometimes, deposits made using PayPal, for example, may not qualify for the 500 match bonus casino offer, so do make sure you read the terms and conditions not to fall foul of this.
Bonus codes
Finally, to claim the offer you may also need to add in a casino welcome bonus code or opt in to promotions during the deposit or sign-up process. You’ll find the bonus code nestled in the terms and conditions and all you need to do is add it to the applicable box when depositing in order to claim the offer. Many 500% bonuses don’t require a code, but it’s just useful to be aware that in some cases this may apply.
General terms and conditions
Alongside the above, there will also be a handful of generic terms and conditions that are placed on every online casino bonus and the casino in general. These are common worldwide and often consist of:
- One promotion per person, per household, email address and so on.
- Any bonus abuse or gameplay that could be considered bonus abuse will see the bonus voided and account potentially suspended.
- The casino has the ability to withdraw or change the offer at any time.
So, don’t just look at the bonus terms only. The general T&Cs equally matter.
Best Online Casino Bonus Alternatives for 500% Deposit Bonuses
| Criteria | 100% Bonus | 200% Bonus | 300% Bonus | 400% Bonus | 500% Bonus |
|---|---|---|---|---|---|
| Deposit Limits | Low | Medium | High | Very High | Extremely High |
| Wagering Requirements | Low | Medium | High | Very High | Extremely High |
| Game Limitations | Few | Some | Many | Most | Extensive |
| Best for (Type of Player) | Casual | Regular | Experienced | High Roller | Risk Taker |
| Risk | Low | Moderate | High | Very High | Extremely High |
| Restrictions | Few | Moderate | Strict | Very Strict | Most Strict |
| Expiration Time | Long | Medium | Short | Very Short | Extremely Short |
| Availability | High | Medium | Low | Very Low | Extremely Low |
If none of the bonuses above provides you with what you’re looking for, or you’ve already utilised the 500 bonus casino offers available, there are plenty of other bonuses you can get your hands on, too.
In fact, across many other casinos, you’ll find deposit bonuses of 100% up to 400% bonus values, which can also be worthwhile claiming, with the most common being 100% match bonuses, with 200% casino bonuses also being up there with the rest. There are dozens upon dozens of these available across new slot sites and many more established ones.
Elsewhere, no deposit bonuses are always worth keeping an eye out for as these provide you with free spins batches or free cash without the need to make a deposit, while low wagering bonuses are perfect for low-stakes players, particularly those looking to play at casinos for the very first time.
CasinoAlpha’s Final Verdict on 500% Deposit Bonus Casino Offers
500 deposit bonus casino offers are among the most lucrative and generous offers out there. There’s absolutely no doubt about that. They provide players with a great start to life at a casino site, with plenty of bonus funds to try out new games or boost a bankroll.
There are many of our favourite casino sites now offering them, so it’s well worth signing up, making a deposit, and enjoying them whilst they’re being offered. They won’t stick around forever!
However, “We recorded 17 cases where players observed the bonus terms but still had to prove bonus compliance via support screenshots.” So, don’t just follow the rules. Have proof because you might need it when cashing out.
