Deposit £20 and get free spins. Deposit £20 and get bonus credits. How many times have you seen offers like this? They are some of the most common in the online gambling industry and you can find them across a wide variety of sites, including casinos, poker rooms, bingo rooms, and sportsbooks. But how do these offers work, which ones are best, and what are the terms you should look for?
What Do You Need to Know About £20 Deposit Offers?
In simple terms, a £20 deposit bonus is a promotion that gives you perks, rewards, or bonuses in exchange for a £20 deposit. These perks could come in the form of:
- A matched deposit bonus
- Free spins
- Free bets
- Free bingo tickets
- Golden chips
- Cashback
As with all bonuses, this offer always comes with a number of terms and conditions and caveats, the most important of which are listed below:
£20 is Just the Minimum
If it’s a £20 bonus, you must deposit at least this amount to qualify for the bonus. But it doesn’t have to be exactly £20. You can still deposit more, and you’ll often get more credits/spins/tokens for doing so. For instance, if the promotion is a 100% matched deposit bonus with a £20 minimum and a £500 maximum, here’s what your return will look like:
- Deposit £20 for a bonus of £20 and a total of £40
- Deposit £50 for a bonus of £50 and a total of £100
- Deposit £500 for a bonus of £500 and a total of £1,000
In the final example, you’d still get £500 if you deposited more, as this is the maximum bonus amount.
There Might be Payment Method Restrictions
How you deposit that £20 is key to whether or not you’ll actually get the bonus funds. In recent years, web wallets like Skrill and Neteller have been excluded from many welcome bonuses and reload offers. Paysafecard is also bundled into that exclusion and you’ll even find the occasional restrictions on PayPal, ecoPayz, and other web wallets. You can still deposit with these methods, but you won’t qualify for the bonus regardless of how much you deposit. Check the terms and conditions to see if this restriction is in place. There are a lot of terms to skim through and this is one you don’t want to miss, so use the Find function on your keyboard (CTRL + F on Windows; CMD + F on Mac) to search for your preferred payment method. If there are no results, or the results have nothing to do with restrictions, you’re good to go. If you find a restriction, you’ll need to rethink your deposit method or try another site.
There Will be Wagering Requirements
A wagering requirement dictates how many times you must wager the bonus funds before they can be withdrawn. For instance, if the wagering requirement is 50x and you collect £100 in bonus cash, you must then clear £5,000. That £5,000 covers wagers and not losses, so if you take a £1 slot spin and win £100, you now have £100 more in your account and have reduced your wagering requirement by £1. The wagering period also has restrictions regarding what games you can play and how they are weighted. Slots are usually 100%, but many table games are between 0% and 20%, so it’s often not worth spending your bonus funds on these games. Wagering requirements differ from site to site and are usually much stricter on casinos than they are on betting sites.
There May be Win Limits
There is usually a limit to how much money you can win or withdraw with a £20 deposit bonus. The amount varies, as do the rules. If it’s a win cap, it means that you can’t win more than the stated amount and will lose all winnings over this amount. If it’s a withdrawal limit, you can win more and use the extra cash to clear the wagering requirements, but you can’t withdraw it.
There Will be Time Limits
Every bonus has a time limit, including £20 deposit offers. There are limits concerning when the bonus must be collected, when the funds/spins/bets must be used, and when you must clear the wagering requirements.
Why Do They Require you to Deposit £20?
£20 is a good minimum amount for an online betting site. It discourages the super casual and small-stake players who are only interested in no deposit bonuses and deposits of no more than £10. These players can still be beneficial to a gambling site, but they are not as profitable. Gambling sites spend a lot of time highlighting the importance of responsible gaming and talking about sensible and controlled gambling. But let’s be honest, they profit the most when players deposit thousands, gamble freely, and then make another deposit when that money has gone. If you’re the sort of player who is always reluctant to deposit, spends no more than £10 a week, and watches every penny, you’re not very profitable for these sites. As a result, a £20 deposit requirement will either force you to play a little looser or rule you out entirely.
The Best Sites to Collect a Bonus When You Deposit £20
All of the sites in this guide are £20 Casino or bingo sites. They offer you some kind of bonus when you deposit £20 or more. They include some of the best casinos, bingo rooms, poker rooms, and online bookmakers that the UK has to offer right now. What’s more, we have reviewed all of them. Our expert reviewers have pored over the games, bonuses, payment options, and customer support options to ensure that these sites provide the very best experience. And that’s just scratching the surface, as there are many more great options out there. To learn more, take a peek at our guides on 500 free spin bonuses and slots deposit bonuses.
FAQs About £20 Deposit Bonuses
£10 deposit bonuses are probably more common in the United Kingdom. £10 is an accessible amount for all gamblers, so it opens the doors for casual players. There are even sites that let you deposit as little as £5, including 32Red. It’s rare that you will get a bonus with such a low deposit, but these offers do exist.
Yes, all UK gambling sites require you to be verified before you can deposit and play. Fortunately, verification is much easier than it used to be and often happens automatically. The site will check your details using a soft credit check, so as long as you have a credit history, you should be okay. If not, you may need to provide some additional information, such as a utility bill or photo ID. The latter can also be requested as part of an additional security check.
It depends on the site. Visa and Mastercard debit cards are universally accepted at UK gambling sites and many also accept PayPal. If you’re using web wallets, however, you should check the terms and conditions for payment method restrictions..
If £20 is too much, there are a couple of options. Where £20 deposit bonuses are required, you’ll have to either look for another bonus (sites that have deposit bonuses occasionally have no deposit bonuses as well) or give up. You can probably still play on the site if its minimum deposit is less than the amount needed for the bonus, but there are few incentives to do so. The other option is to simply look elsewhere. These bonuses might be out of reach, but there are many others that you can qualify for.
If you’re gambling on UK sites, the default currency will be GBP and this is the currency you should stick with. There are times when you can change this, but there’s no real benefit to doing so. If a site has a minimum deposit of £20, it will often be tweaked to account for EUR, USD, or other currencies. So, rather than letting you deposit €20 and $20, they might ask for €25/$25. What’s more, if you’re depositing in a foreign currency you could be hit with currency conversion charges depending on the method you use.
The majority of gambling sites don’t charge for deposits, but there are exceptions. If you use Pay By Mobile, for instance, you will be billed £2.50 per deposit. You may also be hit with withdrawal charges on sites owned by Jumpman Gaming, but these are the exception .
It depends. If there is a bonus active, you’ll need to either cancel it (if possible) or clear the terms. Some sites require you to wait 24 hours before making a withdrawal after a deposit. Most of the time, you can withdraw straight away.
