500 First Deposit Bonuses

What do 500 first deposit bonuses offer new players? This is one of the most exciting casino promotions as you get a bundle of cash in a hurry. How these bonuses work depends on the casino rules, but these are the typical promotions.

You make your first deposit and get a deposit bonus. How much you get depends on the casino promotion. You might get the entire 500% on your first deposit. But, there may be variations instead.

Say the bonus is applied to your first five deposits. You could get an extra 100% on each of your first five deposits. Other bonuses break them down into larger percentages, such as 200% on your first deposit, 150% on your second, 100% on your third, and 50% on your fourth.

Are There Any Downsides?

Are 500 first deposit bonuses too good to be true? They're one of the best casino bonuses available, but you do have to understand the rules. Often, a deposit bonus has wagering or playthrough requirements. If they do, you must wager a certain amount times the bonus amount. If you got $500 with the 500%, you'd have to wager $500 times whatever the wagering requirement is.

Some bonuses require you to wager a certain amount times the bonus amount plus your qualifying deposit. For example, you got a 500% deposit bonus on a $50 deposit. The total of your deposit and the bonus cash is $300. You'd have to wager $300 times the wagering requirement.

While those are standard terms with most any bonus, they do require some thought. If you're not comfortable wagering that much money before your first withdrawal, you need to consider it. Ideally, look for 500 first deposit bonuses with no rules or no wagering/playthrough requirements. Find the best bonuses at Best Paying Slots. We update our listings regularly.