500%+ Deposit Bonus For Online Casinos
The online casino market is one of the most competitive industries in the world and consequently some brands will offer deals that match deposits by 500% or more to try and get you to play with them.
Generally 500%+ deals are only run by the bigger companies, who have the resources to be able to afford them. Most of these promotions are restricted to low deposit amounts (e.g. £10) with matched bonuses often in the £50 region.
The suitability of these deals depends on how you like to play. If your main objective is to make a low deposit and get as much in promo funds as you can then these are obviously the best offers.
These deals do, however, often come with more stringent wagering requirements, max bet and conversion amounts, shorter expiry times and more game restrictions. They mostly suit customers that want to use a bonus to try a site and games rather than necessarily win from it. If, however, you want a higher amount of bonus funds you might want to consider 100% or 200-400% matched welcome offers.
We’ve selected some of the better £500+ deposit bonus deals below based on those most suitable to typical players.
Best 500%+ Casino Deposit Bonuses
Why Choose A 500%+ Bonus?
These offers are mainly aimed at players that want to make relatively small deposits and still receive a lot in bonus funds. They are highly applicable to lower stakes users who are more motivated to try the site out or try new games without risking too much of their own funds.
For those that want to make larger deposits or receive a higher bonus overall 500% deals may not be the best option. In this case you could be better with a lower percentage matched bonus up to a higher total amount.
Remember the casino does not want to give you free money, rather they want to give you promotional cash to play with to get you to use their products and then hopefully get you to carry on playing once you use any bonus. This is why bonuses come with high wagering requirements, expiry times and sometimes maximum winnings.
This does not mean people don’t win with a bonus but the system is set up so that you are more likely to lose than win overall. Higher percentage offers often have more stringent terms attached for wagering, etc., and so if your main aim is to win you would probably be better with a different bonus.
Therefore, you should choose the type of offer that suits how you want to play.
Beware Unlicensed Operators
There are not many legitimate casinos that can offer bonuses above 500% because of the costs involved, which is why you generally only see the bigger brands providing these types of promotion.
Unfortunately a lot of unlicensed illegal sites try to get people from the UK to play by offering ridiculous bonus amounts (e.g. 1000% up to £5000) with low requirements. They do this because many are happy to take your money as they will never actually pay you out, no matter what they offer you.
Always look for the UK gambling license information at the bottom of an operators page, there should be a link to their gambling commission license. If this is absent is should ring alarm bells, if you are unsure you can search any brand on the UKGC site.
While it is illegal for unlicensed sites to take UK players the fact many are based abroad in unregulated markets means the UKGC cannot stop many of these sites being visible to people in Britain. The onus is on the customer to check the operator is licensed and legal in this country.
Should you play with an unlicensed operator you could lose all of your money and you would have no legal recourse against them. Worse they could sell your details and payment information to fraudsters.