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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:
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.
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
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.
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:
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.
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.
How to Claim a 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.
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.
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.
Frequently Asked Questions
Frequently Asked Questions About Deposit Bonuses in Canada
A deposit bonus is a bonus you get when making your first deposit at a casino. It can be free spins or a cash matching bonus, where you could get up to 100% of your deposit added to your casino account. Some casinos also offer deposit bonuses on your first three deposits instead of only on the first.
It comes down to what type of casino bonus you want. Check our guide to learn about different bonus types, pros and cons and much more, and use that information to pick a casino with a bonus that works for you.
Some online casinos still use deposit bonus codes, where you have to type in a code when making your first deposit in order to get the bonus. However, it has become more common for casinos to automatically add a bonus to your first deposit, to save you time and trouble. You can usually opt out of a deposit bonus if you want.
As indicated by the name, a deposit bonus is one you receive when making a casino deposit, so yes, you do need to deposit money in order to get a bonus. A few casinos may offer deposit free casino bonuses, but they are uncommon and not necessarily better.
Not all casinos offer deposit bonuses, but it is very common for them to be part of a casino’s welcome bonus or package. Offering a casino bonus is also a way for casinos to attract new players, and to make you choose their casino over their competitors.
When you are ready to make your first deposit, it should be stated on the site whether the bonus is automatically added or if you need to have a code. If the site is requesting a code then it should be readily available somewhere on the same page.
Almost all casino bonuses have wagering requirements, especially deposit bonuses. This means that they aren’t really free, as you have to play for a specific amount of money before your funds are liberated and available for withdrawal. How much you need to play for depends on the wagering requirements, which can be, for example, x15.
You don’t have to worry about the legitimacy of your casino bonuses as long as you have chosen a reputable casino that is both licensed and regulated. Just make sure you understand what the wagering requirements are and what you need to do in order to withdraw potential winnings from the casino.
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