What is a deposit bonus ?
A deposit bonus is a feature that gives you a bonus on the amount of your deposit as a locked balance, where you will need to wager the locked balance for a certain multiplier in order to unlock the balance.
For example one of the offers you might see is a 200% bonus and a 40x wager. This means that if you deposit 100$ you will receive 300$ (100$ + 200%) as a locked balance where you will need to wager 12,000$ (300$ * 40) in order to unlock any remaining locked balance.
On Chips.gg our deposit bonus is restricted to an amount between 50$ and 2000$, players aren't able to claim a deposit bonus with a value that is lower or higher then these values.
Why is deposit bonus so popular ?
Deposit bonus has proven to be one of the most exciting bonus a player can receive, despite that beating the wager may sound difficult, the challenge itself is the exciting part, and in the end all it needs is 1 or 2 good wins to beat it.
The greatest advantage of a deposit bonus is the 100% or 200% bonus that you receive, having the extra funds will increase your odds to hit that huge win most players are looking for.
Imagine depositing 100$ but playing with 200$ or even 300$ (Depending on the bonus), you can either double or triple your normal bet to hit a much bigger win that you would have normally, or just being able to play more which will increase the odds that you hit that big win.
Where there are advantages, there are also disadvantages, your deposit and the bonus you receive are a locked balance that you can only unlock by beating the wager before the wager duration expires. So you can not stop midway and withdraw what is left of your deposit, or stop if your hit some nice wins. You are obligated to beat the wager in order to unlock this balance.
How does a deposit bonus work?
Here we will cover everything you need to know about a deposit bonus from A to Z, we have broken down every single topic in a it's own article in order to make it easier to find the topic you are looking for:
Enabling a deposit bonus offer
Depositing and activating the wager