200% Welcome Casino Bonus UK
The 200% welcome bonus is one of the most sought after promotions in online casinos. It’s a kind of bonus where you get an extra 200% on your first deposit. Unfortunately, there are relatively few casinos that offer such a generous bonus, but fortunately, there are exceptions. Below you can find a list of casinos that offer a 200 welcome bonus to UK players. Except for these types of bonuses, you will also learn other interesting facts and things, so sit comfortably and enjoy the reading this amazing article.
UK Casinos offering 200% welcome bonus 2020
Here is a list of all casinos offering a 200% welcome bonus to new players. All casinos are licensed and regulated by the UK Gaming Authority. Always read the terms and conditions before you receive your bonus.
888 Casino – 200% Welcome Bonus up to £300 + £88 FREE
PocketWin – 200% up to £100 first deposit match
mFortune – 200% deposit match + up to 100 Free Spins + £10 Free Bonus
Dr Slot – 1 Deposit: up to 300%, max £50. 2 Deposit: up to 200%.
What is a 200% welcome casino bonus?
The 200% welcome bonus is a kind of promotion where you can get 200% extra money from your first deposit. Due to the strict requirements of the UK Gambling Commission, you can withdraw your money at any time. Therefore your account balance will be divided into two parts. One real money account and a separate bonus account. In practice it looks like this:
How the 200% Welcome Bonus Works
It is very simple actually. Below you are going to check the steps and example how this bonus actually works:
Example: You make a £1,000 deposit and receive a 200% welcome bonus.
- Your first real money account will be £1,000.
- Your bonus account will be 2000 (200% from £1000).
- In total, you will have £3000 – £1000 real money + £2000 bonus money.
- You can withdraw funds from your real money balance at any time, but this cancels your bonus balance.
- At first, you play with the real money balance. When you run out of them you start playing with bonus money.
- The funds in your bonus money balance are subject to strict conditions, such as wagering requirements. This means that before you can withdraw them, you have to wager them a sufficient number of times.
Are 200% deposit bonuses worth taking?
There is no clear answer to this question. It all depends on your preferences. Usually, it is worthy but it strongly depends on the casino site you have chosen to take this bonus. Note that not every brand is offering a 200% first deposit bonus. The majority of sites are offering 100% deposit bonuses.
The basic condition for taking a 200% welcome bonus is, of course, its size. You can be sure that by taking advantage of such a promotion your online casino game will last much longer than without a bonus. So if you just want to have fun, it’s definitely worth taking the deposit bonus.
However, you can’t forget that getting a 200% deposit bonus also has its disadvantages. All types of bonuses are designed to give the casino an advantage. This means that using such a bonus will almost always reduce your advantage over the casino. If you want to give yourself the best chance of winning, you have to be very careful about the casino bonuses. Then it’s worthwhile to take an interest in no wagering and low wagering bonuses.
Why do online casinos offer a 200% welcome bonus?
Offering bonuses as high as 200% on your first deposit may seem a little strange. After all, what business does an online casino have to offer such a high bonus? There are several factors that make up the difference, here are the most important ones.
- New online casinos are trying to stand out from the huge competition. If they were offering bonuses such as the well-known and branded casinos, they probably wouldn’t be able to reach thousands of players. By offering a 200% deposit bonus, they definitely increase the chances of attracting players.
- Another reason is that in order to receive such a bonus a player must first make a deposit. In this way, the casino can build up pools of its regular players who can deposit more money after a certain time.
- The last reason is that it simply pays off for them. It is no secret that you have to meet special wagering requirements to withdraw the bonus. All bonuses are calculated in such a way that they will be profitable for the casino in the long run. Even when playing with the biggest RTP games, the real value of the bonus can only be about 10%.
Requirements for a 200% welcome bonus
Online casinos usually set quite strict conditions for 200% deposit bonuses. This is because players try to abuse bonuses. Therefore, you should always read the terms and conditions of the bonuses carefully so that the wagering requirement or time limit does not ruin your chances of winning.
- Wagering requirements – The most common and important prerequisite for obtaining a bonus is wagering requirements. This means that you must make a minimum bonus spin. This is usually between 30 and 40 times, which means that when you receive a bonus of £100 you will need to take a spin of £3,000-4,000 to withdraw the bonus.
- Excluded banking methods – It happens that some payment methods are excluded from the bonus. Most often it is Skrill or Neteller. Therefore, always check which payment methods your bonus includes.
- Maximum bets – This means that you have restrictions on how high your maximum bet is. Usually, the maximum bet is 5 pounds.
- Time limits – It all seems obvious here. Every bonus you get has a time limit. If you don’t use it within the set time limit it will be lost. Usually, it is for 7 days.
- Restrictions on games – Most often you can only use the bonus in certain casino games. Usually, you have a choice of several slots with a 96% masked RTP. This is because if you want to play games with a higher RTP, it could be unprofitable for the casino and cause a loss.
- Maximum deposit – It should be all clear here. The bonus you can get has its maximum limit. This means that you will only receive it up to a certain amount. If the amount of your deposit is greater than the bonus, you will receive the maximum bonus up to the specified amount.
- Minimum deposit – To receive a bonus you must deposit the minimum amount that the bonus includes. This is usually £10. Sometimes there are smaller amounts but very rarely.
There might be other terms and conditions that can apply to the 200% deposit bonus. It is your own responsibility to read them carefully and fully before you make your initial deposit. Usually, the welcome package is coming with information about the rules but do not rely too much on it. Always search for the hidden conditions and do your best to follow them strictly!
200% Welcome Bonus Slots
Please note that you always have to read the requirements for receiving a bonus. It turns out that in a large number of casinos the 200% bonus can only be used for certain casino games. In almost every case these are online slots. This is because the casino must have an advantage over the player. In order to be able to withdraw your bonus you always have to wager it a certain number of times. Usually, online slots have RTP of 95-97%. 97% RTP is usually the maximum value of the casino game you can play with a bonus. With such a return to players and the required number of spins, the casino is able to build up an advantage. Below we will try to show you exactly the expected value that can be achieved in online slots and a 200% welcome bonus.
Example – You deposit £1000 and receive a 200% welcome bonus. The wagering requirement is 30x (B). The online slot has an RTP value of 96%.
- The amount of the bonus received is £2000 (1000 x 200%).
- The total amount to be wagered is £60,000 (2000 x 30)
- Expected loss is £60,000 pounds – 96% RTP = £2400
- The expected value of the bonus is 2000 – 2400= -£400.
So as you can see, receiving such a bonus and playing online slots with 96% RTP is unprofitable. But we’ll see what happens if we play online slots with 97% RTP.
- The amount of the bonus received is £2000 (1000 x 200%).
- The total amount to be wagered is £60,000 (2000 x 30)
- Expected loss is £60,000 pounds – 97% RTP = £1800
- The expected value of the bonus is 2000 – 1800= £200
In this case, the real value of 200% welcome bonus is 10% (2000 bonus and 200 expected value). Of course, 97% of RTP should be approached with a wink in the eye because it is the average rate of return made after millions of turns. In practice, this means that you will never achieve exactly 97% of RTP.
Please also note that you play for real money balances first. It is only when you run out of money that the bonus account is activated.
FAQ
🍋 How do I get my 200% welcome bonus?
Receiving a bonus is extremely easy. Our IT team has created a list of casinos offering a 200% bonus. To receive the bonus simply click on the “play now” button next to the casino. You will be redirected to the online casino and the bonus will be automatically assigned. All you have to do is register and make your first deposit and the welcome 200% bonus will be automatically credited to your account.
🍊 What should i watch out for before claiming a 200% welcome deposit bonus?
The most important thing is to read the requirements for receiving and withdrawing the bonus. Sometimes you will need to make a minimum deposit of pounds or make a deposit using a specific payment method to receive your bonus. Therefore always read the terms and conditions for receiving the bonus before registering.
🍇 How often is the list of casinos with 200% welcome bonus updated?
Our list of casinos offering a 200% bonus on your first deposit is updated at least once a month. However, as soon as there is a new offer, we start placing it on our list as soon as possible.
🍉 Is a 200% deposit bonus the biggest bonus?
The 200% welcome bonus is one of the highest offers you can get in the UK online casinos. However sometimes there are even bigger promotions such as 300 or even 500% welcome bonus. There is a special section on our website where you can find such huge bonuses.