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500% Casino Bonus – How to Increase Your Deposit by 500% in 2022

The 500% casino bonus is one of the rarest of its kind available, but also the most lucrative. Finding operators that offer it can be difficult, but this article proves that it's certainly not impossible!

Top Operators That Offer 500% Casino Bonuses

#1
  • Quick, secure and safe withdrawals
  • Available to play on all devices
  • Weekly reload bonuses
500% up to €500 When You Deposit €100
Neon Vegas Play
#2
  • Huge list of software providers
  • Cashback offers
  • Mobile app
500% Bonus on First 5 Deposits
Jackpot Charm Play
#3
  • Refer-a-friend bonus
  • Live chat
  • Accepts Bitcoin deposits
500% up to $2500 + 150 Free Spins
Ducky Luck Casino Play
#4
  • Weekly tournaments
  • VIP club
  • Mobile app
500% Bonus up to €100
Mr.Luck Play

How Do 500% Casino Bonuses Work?

There are few offers out there that attract players as much as a 500% casino bonus. After all, the prospect of playing your favourite games on the house is enticing, especially if the house is willing to match your deposit by 5x.

Although finding a 500% bonus can be difficult, any registered user can claim it if they meet the demands – new customers or high rollers.

The bottom line is that 500% casino bonuses come in many shapes and sizes – some require a promo code to get activated, some will only increase your first deposit by 500% and add nothing else on top, whilst others will also offer freebies with the bonus, such as free spins.

<strong>Did you know?</strong> Did you know?

Sometimes a 500% online casino bonus is a special, exclusive reward for high rollers which can also come with free spins but higher first deposit requirements as well.

Where Can You Find 500% Casino Bonuses?

As we mentioned previously, 500% casino bonuses are incredibly rare. It is far more common to find operators that offer a 200% or 300% matched deposit bonus.

However, don’t let that discourage you – with a little digging around, you can find reputable operators that offer a bonus 500%, both in the EU and in the UK. 500% casino offers are only trumped by 600% bonus casinos in terms of sheer bonus size – if you can find them!

<strong>Did you know?</strong> Did you know?

500% casino bonuses are hugely popular. You'll find them at Finnish gambling sites, Norwegian slots and casino pages, German online casinos and Swedish casino sites.

The only downside is that substantial offers like this often involve more effort on the player’s part.

For example, some operators may not only ask you to make multiple deposits to claim the entire bonus value, but may also match your every deposit differently (e.g. 150% on a first deposit, followed by 125%, 100%, 75% and 50% for the other four).

Who Can Get a 500% Casino Bonus?

Unless explicitly stated otherwise, everyone with a valid, verified casino account is eligible. What differs, however, is that new and existing players need to take different steps to claim a 500% casino bonus.

Some 500% deposit bonuses for new users can be claimed only if you deposit through a particular method, such as credit card or bank transfer.

In the case of exclusive offers, some platforms will only grant you VIP status and subsequent access to 500% bonuses via invitation only or by enrolling in their loyalty programme.

Common Terms and Conditions for 500% Casino Bonuses

Large bonuses in particular come with a big set of eligibility criteria to meet, so make sure you carefully understand each one:

T&Cs

This is the smallest acceptable deposit threshold a player must meet to qualify for a bonus offer. Typically, it’s a small amount to entice you to sign up – e.g. £/€10.

A 500% bonus offer with minimum deposit is often phrased as such – “deposit £10, get 50”. In this case, 50 can refer to a number of freebies you can get – 50 free spins, £/€50 cash bonus, or €50 worth of cash-back at slots, blackjack and so on.

These refer to the amount of times you have to bet your deposited funds before converting them to real money. Casinos can impose wagering requirements on the bonus money only, on the player’s deposit or both, ranging from 30x to 50x on average.

The lower the requirements are, the better, because you can essentially wager less of your bonus to cash out.

A bonus of €500 with a wagering requirement of 30x is not that enticing anymore, once you realise you need to play with €15,000 before attempting a withdrawal, right?

Don’t forget to also check which games contribute towards the wagering requirements before claiming a 500% bonus. Slots usually contribute the most, followed by smaller percentages for poker or roulette.

To prevent financial loss or players attempting to abuse a certain bonus, operators will limit the maximum amount they are willing to match your deposit. They can also impose limits on how much you can win with the bonus.

Make sure the casino matches your bankroll and payment preferences on a daily and weekly basis. If you’re a high roller, the last thing you want is to work hard for a 500% bonus, only to realise later that it’ll take at least three transactions to cash out

Many offers are time-sensitive in nature, and 500% bonuses are no different. You usually have up to 30 days to claim a 500% deposit bonus, but you must also factor in how long it will take to meet the wagering requirements.

A trustworthy operator will make sure to set reasonable expectations for players – if you see wagering requirements of 99x and a time limit of less than a week for a small bonus amount, it’s best to walk away. In this case, it’s clear the casino is betting (no pun intended) that you won’t be able to make the deadline.

Free spins, on the other hand, usually expire in 7 days; however, keep in mind some can also come with wagering requirements of their own.

Why Do Operators Offer 500% Casino Bonuses?

The list of operators that offer 500% online casino bonuses is growing, both in the UK and EU. The reasons why are pretty evident:

  • The gambling landscape grows more competitive every year.
  • It’s one of the most appreciated offers by new players in particular.
  • Large bonuses are a great tool to boost player loyalty and brand prestige.

Is There a Catch? How to Identify the Best 500% Casino Bonuses

You’ve probably heard of the saying “the best things in life are free.” In the case of 500% casino bonuses, unfortunately, the opposite is true.

There’s no such thing as a free lunch, and there are a few things you should consider in order to make sure that bonus is legit, not a scam and right for you:

  • Make sure the terms and conditions are reasonable – By that we don’t mean just easy to meet, but also balanced compared to the potential payout you can get.
  • Check the expiry date – Ideally, you should get a broad time window (14-30 days).
  • Make sure you like the games that count for the wagering requirements – The last thing you want is to be stuck playing games you dislike just to claim a bonus.
Getting the Most Out of Your 500% Casino Bonus
  1. Because 500% casino bonuses are so substantial and attractive, there are plenty of shady websites looking to prey on most players’ desire for a large payout – steer clear of them!
  2. Never sign up to a new operator based on a 500% bonus alone, especially if you are promised to get it without any effort. If it sounds too good to be true, it probably is!
  3. Verify the casino’s licensing and make sure they are legally allowed to operate. Do the same for the software providers to make sure the games are fair. Reviews left by other players can also come in handy!

Other Phenomenal Bonuses

You may be wondering – what happens if the holy grail of all casino bonuses is not available in my area?

The answer: simply focus your efforts on the next best offers, such as:

Alternatives

There is no shortage of other attractive welcome casino bonuses on the market that are easier to find and just as lucrative, such as a 200% casino bonus, 300% casino bonus or 400% casino bonus.

Most operators will award these at registration, once you have verified your account. Protip: the best free spin bonuses to look for are always those with no wagering requirements.

No one likes to lose anything, which is why casinos like to soften the blow by offering cashback daily or weekly for many casino games (blackjack, roulette, online slots). The best casino cashback bonus to aim for is 10% to 20%.

Summary – Are 500% Casino Bonuses Worth It?

Short answer? It depends on the player’s goals, preferences, bankroll and the amount of time willing to spend and play.

Larger bonuses are not necessarily better by default compared to smaller ones – how attractive a bonus is always boils down to how easy it is to claim.

Whilst some players may want to stick to smaller, more accessible casino bonuses, others might enjoy the challenge of meeting more demands from the casino if it means a bigger payout.

If you had to ask us, we prefer the no wagering free spins bonus because it offers a fairer deal to players.

500% Bonus FAQs

Yes. They are harder to find, but definitely real.

Both new and existing players, as long as they meet the terms and conditions.

You can find a few in our table above, for starters. Some casinos may also share their bonuses via mobile apps or newsletters, so make sure you are also signed up to those.

Yes, as long as the operator is licensed and regulated. Never register on casino sites that don’t display this information transparently.

A good range would be 20x to 40x.

Very rarely – most casinos we will only offer this large of a bonus if you make a deposit. Be wary of websites that promise free money with no strings attached – there may be a catch.

Usually, e-wallets like Skrill and NETELLER are excluded from these offers.

No, a 500% bonus can also be claimed by new players if they deposit the requested sum or use a special promo code.

They may be hard to find, and some have very high rollover requirements.

If they are easy to claim by any player, give you plenty of time to meet the wagering requirements before expiring and offer the best bang for your buck, then yes, they are.

Yes, most of them do – between 14 to 30 days on average.

Yes – if you meet the conditions, you can increase your deposited funds by 500% entirely on the house, spend that extra credit and even win on your favourite games.

Yes. This type of bonus can be found at mobile casinos as well – as long as you meet the requirements, you can claim it from a mobile device or gambling app, too.

No. First deposit bonuses of any kind can only be claimed once at the same casino per user/ IP address, and only at registration.