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First Deposit Pitfalls to Avoid

First deposits bonuses are popular among online casino players. They offer enticing rewards but there is always likely to be a catch. Make sure to read and understand the terms and conditions before depositing any money into a new account. These often catch people out and can lose you money, forfeit your deposit, or even get you banned in some instances.

Here are some of the most common first deposit pitfalls you will want to avoid:

1. Not Fully Understanding How the Deposit will Work

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The most common mistake people make when it comes to not taking advantage of bonus offers or landing themselves in hot water is not understanding what they are getting themselves into. Some of the most common misconceptions new players assume to be true are:

  • The bonus will be instantly available
  • Funds can be cashed out instantly
  • All bonuses work in exactly the same way
  • There are no time restrictions on your bonus

Funds cannot be withdrawn until all the terms and conditions are met. This prevents players from withdrawing their bonuses without playing. The bonus itself cannot be cashed out. It is important to note that it is any potential winnings you make using your bonus that can be withdrawn and not the bonus money.

2. Not Properly Reading the Terms and Conditions

For many people, reading the terms and conditions is just not something they do. When it comes to casino bonuses (and many other things), it should definitely be taken seriously. Terms and conditions can trip you up and leave you confused as to why your bonuses aren't panning out as you thought they ought to.

3. Early Cash Outs that Forfeit your Bonus

You may feel the urge to cash out as soon as you have made your deposit but be careful if doing so. Some online casinos will not pay out on bonuses if you do so. Again, always make sure to read through the terms and conditions and understand where you are at.

4. Playing Games that are Not Included in the Bonus?

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When reading through terms and conditions, you want to keep an eye out for any restricted games. These games will not allow you to convert your bonus into withdrawable money and may eat into your deposit. Other games may be included but with a lower winning percentage. Make sure to be well aware of which games you can and can't play before diving in headfirst. If not, you might end up being bitterly disappointed.

5. Staking Too Much Money

Large bets may be the way you make your wins but be careful with bonuses. There are often wagering limits and max bets to reduce the chance of huge payouts. If you bet too much your bonuses may not be affected and you risk losing it all in one go.

6. Trying to Use Multiple Bonuses Simultaneously

There is nothing wrong with trying to stack the odds in your favor but with bonuses, there is usually something preventing you from doing so. Activating two bonuses at once will rarely work and one will likely become invalid. Read the rules carefully and make sure you are not caught out trying to play the system.

Bottom Line

When it comes to first deposit bonuses, the most important thing to keep in mind is to fully understand what you are getting yourself into. Read everything carefully and make sure you know exactly what will happen before you take any actions to avoid getting yourself caught out and potentially losing money in the process.