How to Find the Best Casino Deposit Bonus in Canada

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 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.

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.

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.

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.