The biggest perk when playing at an online casino is the many different bonus offers, especially if you are lucky enough to live in Canada. The Canadian casino scene is at an all-time high which is great news for any casino enthusiast because this means that players can now get their hands on insane welcome bonuses.
If you’ve never played at an online casino before it might be overwhelming to know where to start. There are many different terminologies that are thrown around constantly and if you don’t understand what it means, it can be intimidating.
The truth is that it is incredibly straightforward and easy to understand so if you need a little bit of help, you’ve come to the right place.
Welcome bonuses come in many different shapes and sizes and is essentially a welcome gesture when you register or make a deposit at an online casino. You will receive a specified amount of bonus money or free spins to play with while standing the chance to win real money.
Bonus money has the same value as real money. The only difference is that you don’t pay for it. Every time you place a bet or spin the reels, no money is deducted from your bankroll but if you win, the money is automatically credited to your bankroll. You are able to withdraw your winnings once you’ve played through the wagering requirements, but more on that topic later.
Many new and existing players ask this question and the answer is quite obvious. It is a marketing strategy. The online casino industry in Canada is incredibly competitive and because every operator wants to stand out from the crowd, they offer incredibly generous bonuses to attract new players.
Of course, they are hoping that you become a loyal player that make many deposits but the choice remains yours. They know that if they offer the best welcome bonus in the market, you will most probably choose them. It is an investment, as simple as that.
This bonus is also referred to as a registration or no deposit bonus and gives players the opportunity to play without spending any of their own money. As soon as your account has been registered and verified the bonus money is either credited to your account automatically or you need to claim your freebies via email but the process is generally quick and easy which means that you are able to play within minutes.
Although this bonus is not usually massive, it is the perfect opportunity to test the functionality of an online casino before spending your own money.
This is one of the most popular online welcome bonuses because it can give your bankroll a healthy start. It is usually offered when you make your first deposit and is when the casino matches a percentage of your deposit up to a maximum amount.
So, if the casino offers you a 100% match bonus up to $500 and you make a $100 deposit, you will receive $100 bonus money. You will be able to play with $200 while you only spent $100.
If you want to win consistently at an online casino you should try to play for longer and this is why these welcome bonuses are so popular. In this scenario, you will double your chance of winning and that is why you are playing after all.
The match bonus always has a maximum cap and this varies from one bonus offer to another. Keep this in mind when you choose a welcome bonus because one casino might offer you a 100% match bonus up to $500 while the other casino might offer you a 50% match bonus up to $100.
At the end of the day, you want great value for money so you should choose a promotion that offers you exactly that.
If you think the match bonus is great, you will be thrilled by what a re-load bonus offers you. This is when the online casino will match a percentage of your deposit amount for a number of deposits made consecutively.
If you take full advantage of this example, you will be able to get your hands on $3100 bonus money and that is unbeliveable.
Slots are the most popular game at online casinos worldwide so it comes as no surprise that online casinos regularly offer free spins as part of a welcome bonus. If it is a sign-up bonus the casino might offer you 10 free spins without you having to spend any of your own money.
Casinos might also throw in free spins as an added bonus when you opt for a match bonus which means that your deposit amount will be matched plus you will receive 100 free spins, for example.
Often you will only be able to play certain games that have been pre-selected by the online casino but it still gives you the opportunity to play with bonus money while standing the chance to win real money.
A money bonus is when the online casino will credit your account with a specified amount of bonus money when you make a minimum deposit.
You must remember that you won’t recieve more bonus money if you make a larger deposit than the minimum amount, so keep this in mind.
Online casinos cater for any player with any budget and therefore also offer high roller welcome bonuses. A 100% match bonus up to $200 or a $50 money bonus won’t cut it for the advanced players and because of this, the veteran players can take advantage of insane welcome bonuses.
One casino will offer a 100% match bonus up to $5000 while another casino will offer a re-load bonus that adds up to $10 000 in bonus money. There is really a welcome bonus for any player.
Many players don’t know what wagering requirements are until cash-out time arrives. If you don’t understand how it works, you might end up frustrated so make sure you read the terms and conditions before you start playing with bonus money or free spins.
Wagering requirements are when you will need to play through a calculated amount of your own money before you will be able to withdraw any winnings made from bonus money.
If you decide to go for a 100% match bonus up to $500 (with a wagering requirement of x20) and you make a $100 deposit, you will receive $100 bonus money.
If you win $5000 while playing with the bonus money, you will need to play through your bonus amount ($100) multiplied by the wagering requirements (x20) before you will be able to withdraw your $5000 winnings.
$100 x 20 = $2000
In this scenario, it will make absolute sense to play through the wagering requirements because you will pocket $3000 but this is not always the case. Some casinos have unrealistic wagering requirements so it is very important to check this out before you become over excited about a welcome bonus.
When you play with free spins, the wagering requirements are calculated differently. You will need to play through your winning amount multiplied by the wagering requirements before you will be able to withdraw your winnings.
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