What a weekend this is going to be with Cinco de Mayo and the Kentucky Derby both falling on the same day. Wherever you choose to spend this action-packed day and evening, the excitement will be through the roof, especially when you also get your hands on the special treat that CaesarsCasino.com is dishing up for you!
If you want your celebration to include guacamole and margaritas, you’ll have to go somewhere else for those. But a party isn’t a party without entertainment, and Caesars online casino is giving you plenty in the form of a big fat bonus you’ll able to use immediately to play your favorite games.
If you’re reading this Friday, you don’t even have to wait for Cinco de Mayo. You can get the party started right now if you prefer. In fact, you have all weekend long, from Friday, May 4 through Monday, May 7, to opt in, make a deposit, and claim your 100 percent match bonus up to $100.
How to participate in the Cinco de Mayo Celebration
The Cinco de Mayo promotion is open to all registered Caesars online casino players. Here is what you need to do to participate.
- Log in to your CaesarsCasino.com account anytime during the promotion period.
- Click on “My Account” and then on “My Bonuses.”
- Enter the code MAY100. Then click on “Get Details.”
- Look for the offer 100% Deposit Match under “Available Bonuses.” Then click on “Deposit” next to the bonus.
- Make your deposit and claim your bonus.
In order to receive the maximum bonus possible with this offer, you need to deposit $100. If you would rather deposit a smaller amount, make sure that it is at least enough to qualify for a bonus. The minimum qualifying deposit should be specified on the marketing collateral. Otherwise check with Customer Support, as the information is omitted from the announcement on the website.
If you wish to deposit more than $100, that is your prerogative, too. However, unless your account balance is low and you need the additional funds for your usual wagering, depositing more than $100 is not recommended. Your bonus will still be capped at $100. And by depositing more, the best feature of this promotion — having your deposit matched dollar for dollar — will disappear.
Note that you can only claim this offer once, and only your first deposit of the weekend counts. Deposits made at the Caesars Atlantic City casino cashier’s cage or via PayNearMe don’t count.
Wagering requirements for the Cinco de Mayo deposit match bonus
Surely you would love to take your $100, or whatever your bonus is, and run, but Caesars online casino isn’t going to let you do that. First, you will need to meet the casino’s wagering requirements.
The amount you need to wager depends on your game selection. It is less for slots, more for other games.
- Slots: 5x bonus + deposit
- Video poker: 10x bonus + deposit
- All other games: 25x bonus + deposit
You have seven days to complete the wagering.
In the meantime, the bonus, your deposit tied to the bonus, and any resulting winnings are all temporarily locked into your account and unavailable for withdrawal.
Not only opting out, but also any attempt to withdraw these funds prematurely, will result in both the bonus and any winnings therefrom being forfeited. Failure to complete the wagering within the allotted seven-day time frame will also result in forfeiture of both the bonus and any resulting winnings.
The effect of including the deposit
One feature of this bonus which will not be to your liking is that the wagering requirements are based on equal multiples of both the bonus and deposit combined.
If you play on other NJ gambling websites, you probably won’t run into that rule there. Typically, the wagering requirements are simply a multiple of the bonus. Caesars may even be the only NJ online casino to impose this other tougher rule instead. You can check out our NJ online casino reviews for more info about that.
Unfortunately, it looks like this has become Caesars’ policy for all deposit match bonuses. The only time you will be asked to wager the same multiple of just the bonus is with promotions such as drawings, where no deposit is required.
Because, in this case, the bonus and deposit are identical, the net effect is that it doubles the wagering over what would be required otherwise. In other words, the amount you are required to wager is the same as if you had to wager 10x the bonus for slots, 20x the bonus for video poker, or 50x the bonus for any other game.
Be thankful that this is a 100 percent deposit match bonus and not a smaller percentage. If this were a 50 percent deposit match, your wagering requirements would triple!
If you plan to deposit $100 to get the maximum bonus of $100, here is the exact amount you need to wager in each game category to clear the bonus:
- Slots: $1,000
- Video poker: $2,000
- All other games: $5,000
That’s a lot of wagering!
How to handle the wagering requirements if you are a small player
Obviously, if you can afford to deposit $100 and meet the hefty wagering requirements that will entail, you should.
However, the last thing you want to have happen is to have the entire bonus and all of your winnings taken away from you because the wagering requirements weren’t met. Therefore, if you have any reservations, you may need to scale down. For example, you can deposit $50 and still get a $50 bonus, which is also a very good deal. And it will cut the wagering requirements in half.
Spread out your play
Another helpful hint is to utilize the full one-week period the casino is giving you to clear the bonus. Spreading out your play in this manner, rather than trying to complete the wagering all at once in a single day, will make the task seem less formidable.
In addition, in case you run bad on a particular day, it will keep you from losing large chunks of money in a single session.
Clear the bonus at least partly with slots
If money is tight, clearing the bonus with slots may be your best option since the wagering requirements are a lot less than for other games. In fact, the maximum bonus of $100 can be fully cleared betting less than $150 per day. Choose slots with a return to player (RTP) of 96 percent or higher to preserve your bankroll and maximize your likelihood of winning.
Another good strategy is to clear the bonus partly with slots and partly with a lower house edge game such as blackjack or video poker.
Why the Caesars Cinco de Mayo bonus is an offer you can’t refuse
Even with the extra wagering requirements resulting from the deposit being counted along with the bonus, the Caesars Cinco de Mayo bonus is still a great offer.
If you compare this bonus to other deposit match bonuses being offered elsewhere at the same time, you will see that in most cases the percentage of the deposit match is much smaller, such as 25 percent, 20 percent, or even 15 percent. A 100 percent deposit match bonus is definitely the exception rather than the rule.
However, if you’re a Caesars online casino regular, you may have noticed that on this site at least, full deposit match bonuses are recurring with increasing frequency. In fact, just last week, Caesars offered an identical bonus but with a cap of only $25. As great as that deal was, some players might have felt that it wasn’t worth their time personally due to the small bonus size. However, with this offer, you can get a 100 percent deposit match bonus up to $100. That’s plenty to make a bettor of any size happy.
If you genuinely care about the quality of the bonuses being offered to you, here’s something to keep in mind. When it comes to getting great bang for your buck, nothing beats a 100 percent deposit match bonus. The best thing you can do to ensure that Caesars keeps these fantastic offers coming is to opt-in every time they are offered.
Happy Cinco de Mayo!