The UK’s Best Matched Deposit Bonuses

Matched deposits have become one of the most valued bonuses in the betting world, but which bookies offer the best deals? Read on and consult our list of the UK’s top betting sites to find the best matched deposit bonuses around in ‘March. Sign up and claim your bonus, and place a bet on a new sportsbook today.

What is a Matched Deposit?

A matched deposit is a monetary bonus offered to customers at betting sites when they deposit funds into their betting account. With this bonus, the betting site will match your deposit at a certain percentage and up to a specified amount.

Let’s say you’re offered a matched deposit bonus of 100% up to £100. This means you’ll receive an additional £100 from the bookmaker when you deposit £100 into your account, giving you a total of £200. If you decide you want to deposit less than the £100 on offer, that’s fine – with a matched deposit bonus of 100%, the bookie will match your deposit in full, provided it’s below the agreed limit. Most matched deposits are offered at 50-100% of the deposit, but some can go as high as 200%, and even 500%, although percentages this large are usually reserved for the most generous welcome bonuses.

Regardless of the percentage on offer, your bonus will only apply up to the specified amount. If you were offered a matched deposit of 50% up to £50, you’d be able to deposit more than this, but would only receive the 50% bonus on the first £50 you deposit. So in this instance, a deposit of £75 would give you £100 in your account.

The best thing about matched deposit bonuses is that they give punters choice in how they wish to capitalise on them. Whether you want to use all of the offer or not, you can decide on the best variation of the bonus for you.

And of course, matched deposits also give your bankroll a healthy boost. This might permit you to take chances on markets you may not normally risk with your own cash, or perhaps give you the confidence to back an underdog instead of playing it

How Do I Claim a Matched Deposit Bonus?

To find and claim the best matched deposit bonuses around in ‘March, follow these six simple steps:

1. Compare our list of recommended betting sites and take a look at their matched deposit bonuses
2. Once you’ve found the bonus for you, follow the link to the site’s sign-up page
3. Enter your personal information and complete the site’s Know Your Customer (KYC) checks. A KYC check is a mandatory process at betting sites, with the UKGC requiring them to verify the details of new customers This typically involves providing an address or proof of ID
4. Make your first deposit, being sure to opt-in for the matched deposit bonus
5. The bonus should be added to your funds automatically, but in some cases this can take up to 24 hours
6. Start betting!

Terms and Conditions

As with all betting site bonuses, matched deposits often come with plenty of terms and conditions attached. Always be sure to read these in full so there aren’t any unexpected surprises. Here are some of the T&Cs you’re likely to come across with a matched deposit bonus.

Wagering Requirements

Most bonuses offered by betting sites are subject to wagering requirements – the number of times you’re required to wager your bonus before you’re eligible to withdraw any winnings.

Wagering requirements are usually set somewhere between 35-50x your deposit, though this figure varies from site to site and from offer to offer. For example, if you’re offered a matched deposit bonus of £30 with a wagering requirement of x35, you’ll need to wager £1,050 in order to claim any winnings associated with the bonus.

However, wagering requirements at some bookmakers stipulate that you must also wager your deposit in addition to the bonus, meaning you can encounter much steeper rates.

Using the example above, if you claimed £30 by depositing £30, you would need to wager £60 at x35 wagering, bringing the total to £2100.

Wagering requirements can also be tied to other conditions, such as time limits and market restrictions.

Essentially, nobody likes wagering requirements, but they’re an integral part of a betting site’s bonus offering. Whether you’re using your matched deposit to place a bet on the racing, the wrestling, or to play a hand of poker, wagering requirements are likely to apply to various degrees.

Time Limits

If there’s a time limit attached to your bonus, you’ll need to satisfy the wagering requirements before the clock runs out. The time limit has no bearing on the deposit itself, but must be met in order to cash in on any winnings you net with your bonus funds. Time limits are generally proportional to the size of the bonus, so a larger matched deposit can be expected to have a longer time limit. That being said, be sure to read the terms closely to make sure you know how long you have to meet the wagering requirements.

Bet/Market Restrictions

Sportsbooks may opt to limit bonus eligibility to particular sports and markets. You won’t be able to use your bonus for any bet that hasn’t been permitted by the betting site, so be sure to check that your preferred sports and markets can be played with the bonus.

Winning Caps

You might find yourself on a hot streak and putting your bonus to good use. But bear in mind that the betting site will likely place a cap on the amount you’re able to win from the bonus. It’s pretty uncommon to reach this cap, but it’s something to bear in mind when selecting your matched deposit bonus.

Minimum Deposits

Some matched deposit bonuses are only unlocked by depositing the minimum set amount. If the offer is 50% up to £50, you may be required to deposit at least £20 in order to unlock the bonus.

Payment Restrictions

From PayPal to Paysafecard, there are now plenty of banking options for punters. Unfortunately, you may find that there are payment restrictions applied to a matched deposit bonus, meaning that you’ll only collect the bonus if you deposit your money using a particular method. It’s up to each betting site when it comes to which payment methods are eligible but, more often than not, you’ll be able to claim the bonus using a debit card.

Other Bonuses

Matched deposits aren’t the only bonuses you’ll come across at the bookies. The top betting sites also offer plenty of interesting alternatives, which are outlined below. These bonuses will also be subject to their own terms and conditions.

Free Bets

Betting sites frequently offer their customers a package of free bets, usually tied to a set minimum bet amount. For example, an offer of £25 in free bets when you deposit £5 into your account.

Bet x, Get y

You might come across a bonus offer following the bet x, get y formula. For these bonuses, you’ll be offered something like ‘bet £10, get £30 in free bets’.

Reload Bonuses

Reload bonuses are offered to existing customers when they deposit money into their account. Reload bonuses are offered after a customer’s first deposit and are delivered in various different forms, such as free spins, free bets, and cashback offers.

Promotions

The best betting sites also offer their customers a variety of promotional offers to keep them sweet. Here are some of the most common.

Bet Insurance

Some bookies offer bet insurance – a promotion that allows users to insure a portion of their bet. With bet insurance, if your bet loses, you’ll recoup the insured part of your bet. For example, if your promotion offers insurance on 50% of a £20 bet at the blackjack table, you’ll get £10 back if you go bust.

Acca Insurance

Betting sites sometimes like to encourage accumulator bets with acca insurance – a condition that means your stake will be reimbursed if just one of the components of your acca doesn’t come off. This usually comes in the form of free bets, money back, or some other bonus offer.

Rebate Bonuses

With a rebate bonus, the betting site reimburses you a percentage of a losing bet. The typical rebate offer is typically offered in the range of 20-50%, although some betting operators will offer even more.

Comp Points

Players can accrue comp points at online casinos as a reward for their loyalty. These points are often tied to a casino’s VIP scheme, and can help players gain access to special benefits, including softer terms and conditions on bets and more generous bonus offers.

Claim Your Matched Deposit Bonus

Ready to claim a matched deposit bonus? Then find the ideal one for you, sign up, and get playing today!