Have you been looking to get started with a new online casino in Canada, but don’t know where to start? You are in the right place. We are going to not only explain to you what casino bonuses are and how they work, but hopefully match you up with the perfect place to claim that bonus. The world of online bonuses is vast and may sometimes be confusing. Here we show the different types of bonuses as well as where and how to claim them.
Often, people simply claim the casino bonus that gives them the most money. However, this isn’t always the best strategy. There are things you need to look out for when you are checking out bonuses at Canada online casinos.
The main things you need to look for in the bonus are:
Most of these things can be found in the bonus terms in conditions or on the promotions page of the casino. Let’s take a look at a quick example and talk through how this might work.
For example, you may see a welcome offer where a casino offers 100% up to $150. This means that the online casino will match your deposit 100% up to $150. So, if you make the max deposit of $150, you will see $300 in your casino account with your $150 deposit and the $150 bonus the casino gives you.
The most common percentage used is 100%, and that is especially the case for a welcome bonus, which is a bonus given for your initial deposit at the casino. For reload bonuses, which you receive when reloading your casino account, it can be 100%, 25%, or 50%, as it will all depend on the online casino.
After you understand the bonus amount you are receiving, diving into the wagering requirement is the next step.
A wagering requirement is what you will need to fulfill before you can withdraw the bonus money from your account. If you get a bonus of 100% up to $100 and you make a $100 deposit, you have $200 in your account, but you will not be able to withdraw the $100 bonus money until you fulfill the wagering requirement.
Let’s say you see a bonus of 100% up to $100 with a wagering requirement of 35x. This means that before you can withdraw the bonus money, you need to bet at least $3,500 ($100 x 35) before you can withdraw the money. We will go into greater detail about turnover and wagering later in this article.
You will often see an expiration date for a bonus, which is the date you have to fulfill the wagering requirement. If the bonus expires after 30 days from the time you opt in to the bonus, you have those 30 days to fulfill the wagering requirement. If you do not and it expires, the money will be taken out of your online casino account.
You have to be aware that not all of the games played at the online casino will have the same percentage of the bonus wagering requirements. Usually, slot games will contribute 100%, but you have to check the titles, as some low variance slots games may contribute less.
Also, table games such as roulette and blackjack usually contribute a low percentage to the wagering requirement. It is advantageous that you know the contribution percentage for the games played, so you know what games to play to fulfill the wagering requirement faster.
A bonus code or a promotional code is the code that you will need to input at the online casino when deciding to take the bonus. Some casinos will have the codes, and some don’t. If there is a code, you will typically use it when you make a deposit. In such cases you will be prompted to do so by a notification such as “bonus code” or “promo code”
Here are some of the bonuses that are the most common ones offered at online casinos:
A bonus without wagering is one where there is no wagering requirement attached to it. This means that when you get the bonus money in your account, you can withdraw the money since there is no wagering requirement needed to get the bonus. A bonus without wagering can be found but these are less common than those that require wagering for obvious reasons. This makes sense, as the casino is offering you bonus money, and you will not need to gamble on the site to withdraw it from your online casino account.
A welcome bonus is one that is offered to new players at an online casino that is making their initial deposit. For this type of bonus, you will have to make a real money deposit at the casino to get the bonus, unlike a no-deposit bonus. Typically a welcome bonus comes in the form of a match bonus where the casino will match your deposit for a certain percentage up to a certain amount of money. For example, you can see a welcome bonus that is 100% up to $100. This means if you make the maximum deposit of $100, the casino will match that 100%, so they will give you $100.
A VIP or loyalty program is common at online casinos, and they use them to reward loyal players. The idea behind the programs is easy to understand, as the more you gamble at the casino, the more you will be rewarded. Often you will see a tiered VIP or loyalty program where the more you gamble, the higher the level you will be in, and therefore the more rewards you will get. If the program is tiered, the more points you earn, the higher the level you will be in. There are many types of rewards that you can get in a VIP or loyalty program, with the most common ones being bonus cash, real cash, and free spins.
A match your deposit bonus is where the casino will match your deposit up to a certain percentage. The two most common types of match bonuses are a welcome bonus and a reload bonus. Often you will see an online casino offer a match bonus of 100% up to a certain amount of money. If there is a match bonus of 100% up to $100 and you make the max deposit of $100, the casino will match your deposit and give you another $100 in bonus money. With online casinos trying to entice players to play at their site, they will offer lucrative welcome offers that can be 100%, 150%, or even 200% of your deposit.
A high roller bonus is for those that gamble with a significant amount of money. Typically, a high roller bonus is one that is like a match bonus, but the amount of the bonus is much higher. If you are a high roller and want a bigger bonus, you should check out the loyalty programs and see they have special offers for high rollers. Like other bonus offers, wagering requirements will need to be met. However, since you will be depositing more money with a high roller bonus, those wagering requirements may be lower, considering you are already starting off depositing a significant amount of money.
Free spins are another way to entice players to sign up at an online casino. There are free spin bonus offers as well as match bonus offers that can come with free spins. There is also free spin no deposit offers where you do not have to make a deposit, and you will receive a certain amount of free spins when signing up. You can keep the bonus money if you win making your free spins. However, to withdraw that money, you will have to make a real money deposit. If a free spins no deposit bonus has a wagering requirement of 20x, and you win $50 on the free spins given, you will have to wager $1,000 (20 x $50) before you can withdraw the money won.
When it comes to the real money for bonuses, it all depends on what type of bonus it is. If it is a no deposit or free spins no deposit bonus, you will not have to deposit any money to get the reward. However, for most bonuses, you will have to make a real money deposit to get bonus money in your online casino account.
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Ok, so we already touched on the wagering requirement issue, as that is what you will need to fulfill before you withdraw bonus money from your online casino account. So, if an online casino offers a welcome bonus of 100% up to $200 with a wagering requirement of 35x, it means you will have to wager 35x the amount of the bonus before you can withdraw the money.
If you decide to opt into this bonus and deposit $50, the casino will match your $50. Then you will need to bet at least $1,750 (35 x $50) before you can take the money out of your account. However, there is still more than that.
Turnover means you have to turn over money at the casino, not just fulfill the wagering requirement. If there is a wagering requirement of 20x a bonus for $50, the requirement is betting $1,000.
However, if you make a $50 bet and win $1,000, you still cannot withdraw your winnings. The turnover must come from bets you make at the casino, not money you win. So even if you have won $1,000 on your bet, you still have only wagered $50, and you are still $950 short of when you can withdraw the bonus money and the winnings from it.
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