A First Time Deposit Bonus is an enticing incentive offered by online casinos and betting platforms to attract new players. When a user makes their initial deposit, they receive a bonus, often in the form of extra funds or free spins, which enhances their gaming experience. This bonus allows newcomers to explore the platform with added financial support, increasing their chances of winning. However, it's essential to read the terms and conditions, as these bonuses typically come with wagering requirements and other stipulations that must be met before withdrawals can be made.