How to Find the Best Casino Deposit Bonus in Canada

Some deposit bonuses are also known as welcome bonuses, and they can either be the whole welcome bonus, or a part of a welcome bonus package. One thing to keep in mind is that different casinos offer different types of deposit bonuses!

 

There are casinos that give you a deposit bonus only on your first deposit, while others might offer them at any time during your casino experience. More on that a little further down, but first we are going to have a look at the best deposit bonuses in Canada.

Check out these casinos and their deposit bonus offers:

Our List of some of the Best Deposit Bonus for Canadian Players

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About Deposit Bonuses

When you make a deposit, many online casinos offer you a reward to motivate you to choose them for your next gambling adventure. It can be extra money, where you could obtain your first deposit doubled if you are lucky, or some free spins on a specific slot where you get to spin the wheel without using your casino funds.

Deposit bonuses are usually announced on the casino starting page, before you even create an account, to make sure you and other gamblers get to see what the casino has to offer. You might also learn about a welcome bonus offer in newsletters or ads.

Most Casinos Offer Deposit Bonuses

Nowadays, it is almost strange if you find a casino that doesn’t offer a bonus on your first deposit or when you sign up, and most seem to do! Bonuses can look different, but it has almost become a must for casinos to give their players some kind of reward for choosing them over other online gambling sites.

Why Deposit Bonuses are Great

Why Deposit Bonuses Are Beneficial

Perhaps you are wondering what the benefits of a deposit bonus are, and why it should affect your decision when it comes to where to play. Bonus offers can sometimes sound a little too good to be true, but regardless of the wagering requirements, welcome bonuses can be great for someone who wants to try a game or a casino without spending too much.

Free spins and cash matching bonuses automatically increase the size of your casino account balance, and are great for someone who is only just starting to work up their overall bankroll. You do, of course, need to be aware of any strings attached, but other than that, deposit bonuses help you get started with your gambling.

Making the Most of a Casino Bonus

Some casinos will let you choose your preferred casino bonus by giving you a couple of different options, which could be a percentage added to your initial deposit, a fixed amount, generous cashback bonuses, free spins or something else. When there are options, it is a good idea to take the time to analyze which bonus would give you the most benefits.

To figure this out, you need to take the amount you are depositing into consideration, but also the types of games you plan to play once your account is set up and ready to go. For example, it wouldn’t make sense to choose free spins if you plan to play table games or live casino games.

The same applies to percentage-based cash matching bonuses. How much are you depositing and how much “free” money are you actually getting? Is it worth it considering the wagering requirements? You don’t really need to worry about this in the beginning, but as you become more experienced in the online casino scene, some extra consideration could prove to be beneficial.

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Types of Deposit Bonuses

Different Types of Welcome Bonuses

So, what are your options? While some casinos offer the same bonus for years, other gambling sites may switch it up from time to time, or offer several different bonuses so that their players can make their own choices. Verify that the casino of your choice has a welcome bonus you are interested in before signing up.

First Deposit Cash Matching Bonuses

The most straightforward version of a deposit bonus is where you get extra money when making your first deposit. These are usually an offer of 50-100% added to your first deposit, where depositing $100 CAD will give you a total of $150 CAD to play with if the cash matching bonus is 50%, and a total of $200 CAD with a 100% cash matching bonus.

Cash Matching Bonuses Split in Three

It is becoming increasingly common for casinos to split their welcome bonuses up into multiple instalments. This means you might get, for example, a 50% cash matching bonus on your first deposit, a 25% cash matching bonus on your second deposit and another 25% on your third.

A cash matching bonus in three instalments could look like this:

  • First Deposit: Deposit of $100 CAD + 50% cash matching bonus = $150 added to your casino account balance.
  • Second Deposit: Deposit of $100 CAD + 25% cash matching bonus = $125 added to your casino account balance.
  • Third Deposit: Deposit of $100 CAD + 25% cash matching bonus = $125 added to your casino account balance.

In the end, you end up getting that 100%, but these casinos are smart by making sure you come back to make new deposits at least two times after your initial deposit. Casinos aren’t handing out free money just to be nice, and being aware of their motivation can help you use deposit bonuses to your advantage.

Free Spins

Free spins are extra spins on slot machines, either a specific slot or any slot featured by the casino, and these types of deposit bonuses can come accompanied by a cash matching bonus or stand on their own. A commonly found offer is to get 100 free spins on a slot, for example, NetEnt when you make your first deposit.

Other casinos will give you 50 free spins with your first deposit and cash matching bonus, 25 with your second and the last 25 with your third deposit. You will also find casinos that activate 10 or more free spins per day until you reach the full deposit bonus number.

Make no mistake, the purpose of these offers is always to make sure you sign up, make a deposit and preferably come back, but it is more than fair game for you to make the most of it. The casinos aren’t trying to trick you, as the offers are legit and reliable provided you choose the right casino, making it a win-win for everyone.

Deposit Bonus Wagering Requirements

Deposit Bonus Wagering Requirements

Now, before you accept a deposit bonus offer, it is important to be aware of what is expected of you as a player. Very few casinos offer wagering free deposit bonuses or welcome bonuses, and instead, most casinos see it as an opportunity to make sure you stick around for as long as possible.

Wagering requirements are terms you need to fulfil before you can withdraw any winnings generated by your bonus money or free spins. In most cases, this means you need to play for the amount of money you’ve been given a certain number of times.

Let’s have a look at an example:

X25 Wagering Requirements

If your deposit bonus comes with wagering requirements of, for example, x25, you then have to play with your bonus amount 25 times. Let’s say you deposit $100 CAD and get a 100% deposit bonus. That’ll give you $200 CAD, but only the bonus has wagering requirements. $100 CAD x 25 equals $2,500 CAD.

Before you can withdraw your bonus or any winnings generated by your bonus, you need to play casino games for a total of $2,500 CAD. The wagering requirements can also be lower and higher depending on the casino.

Limited Time to Fulfil Wagering Requirements

Expect there to be a set timeframe for when you need to have fulfilled the wagering requirements set by your casino. This should be clearly stated in the terms of conditions of the bonus offer, and we advise you to always read through these carefully.

It is at the casino’s discretion to determine how long you have to fulfil your end of the deal, and there can be anything from a week, to a month and to several months. The fulfillment times are calculated to make it possible to meet them, but if you don’t, you will likely lose what is left of your bonus money, plus any winnings that have sprung from it.

Finding Deposit Bonuses

Finding the Best Welcome Bonus for You

It is so easy to want to jump right in and start playing, but a smart casino player will do some basic research first to make sure you get the most out of your money. While many casino bonuses are very similar, there are also a few things that can set them apart.

Take your time and pick out a few casinos you are interested in, and set out to compare their deposit bonus offers. This will help you decide where to create an account and it will be worth it in the end! Sure, you can play at multiple casinos to enjoy their deposit bonuses, but it is a good idea to choose wisely if you’re on a budget.

Make sure you choose a reliable online casino, as this will help keep you safe when gambling on the internet, and then have a look at the below things before choosing a casino and a bonus offer.

Minimum Deposit

There might be a lower limit for what you need to deposit in order to become eligible for a bonus. This is usually around $10-$20 but could potentially be significantly more depending on the type of bonus the casino is offering. It is important to check this so that you don’t deposit a smaller amount only to find out it’s not enough.

Maximum Bonus Amount

Another thing to consider is the top amount you can get a deposit bonus on. If it is a cash matching bonus, the casino will most likely have an upper limit. For example, if you deposit $10,000 into your account in one go, you might not get your bonus if the top limit is $5,000, or you could end up with a smaller bonus than expected.

Bonus Type

We have already covered the most common types of deposit bonuses, such as cash matching bonuses on your first deposit, on your first three deposits or free spins, but if you have a specific bonus in mind that you prefer, then this could become a deciding factor in your hunt for the perfect deposit bonus.

Wagering Requirements

Are the wagering requirements something you feel you can manage within the set time frame? Be honest with yourself so that you don’t end up spending time and money only to lose your bonus for not fulfilling the requirements on time.

Additional Terms and Conditions

The terms of deposit bonuses are usually quite clear, but it is always smart to read through the small print in the terms and conditions, to avoid missing important information that could help you with your gambling.

How to Claim a Deposit Bonus

Claiming a Casino Deposit Bonus

Once you have chosen your online casino, it is time to figure out how to make sure you get it when you make your first deposit. Claiming deposit bonuses work differently depending on where you play, and there may also be some restrictions in case you are travelling at the time of trying to obtain a casino bonus.

Sometimes you need a bonus code to obtain your casino bonus, and the code is usually visible somewhere on the page if that’s the case. At one point most casinos used bonus codes, but this has become a lot less common in recent years.

Instead, automatic bonuses have become the norm, and these are added automatically to your casino account as long as you meet the requirements in terms of minimum deposits and other conditions. You don’t have to do anything.

If the casino of your choice still uses bonus codes and if you are struggling to find it, or if the code you have isn’t working, then the best strategy is to reach out directly to the casino customer service to have the problem resolved.

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Opting out of a Deposit Bonus

Opting Out of a Deposit Bonus

Most online casinos let you join and deposit without having a bonus added to the total amount. Now, why wouldn’t you want extra money or free spins, you might ask? The quick answer is because of the attached wagering requirements.

Perhaps you don’t want to have to worry about wagering requirements, and instead, you just want to enjoy the money you can afford to spend and be able to withdraw right away if you would happen to win. In this case, then perhaps opting out of the bonus is a better alternative for you.

If, on the other hand, you are patient and don’t mind the potential wait, then that deposit bonus could end up being your ticket to your next winning streak. Do what feels right for you, and if you aren’t comfortable with the casino bonus, then just opt out of it if possible.

A Fun Reward for Signing Up

When you sign up and make your first deposit, the casino makes money, and this is usually the motivation for trying to make you want to choose them over the competition. As a result, deposit bonuses can be found at almost every gambling site available in Canada and abroad.

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