Online Casino Welcome Bonuses
Bonuses are a big deal at the online casino for players and casinos alike, and the welcome bonus is the biggest deal of all. Casinos in Canada are crawling with these offers, each site offering something better than the next. Big offers are usually very eye-catching, but there's more to bonuses than meets the eye. This article will reveal all there is to know about Canadian casino welcome bonuses, and our top recommended offers.
What is a Canadian Casino Welcome Bonus?
The "welcome" in the name is a good hint. This is simply a reward given to new players at the casino and is also called the signup bonus. While this isn't the only bonus available at the casino, it's the one players often look out for when joining a site.
It's pretty important for casino operators as well. It's a key marketing tool in promoting the brand and attracting new players. A lot of thought goes into moulding these offers, and the best sites will provide big and generous rewards.
Online casino welcome bonuses usually involve a percentage increase to top up your starting funds.
A typical example is a 100% deposit bonus of up to $500. This means for a $100 deposit, you get an extra $100 for a total bankroll of $200. A $200 deposit will leave you with a $400 bankroll and so on.
While 100% is the standard, the percentage value at some sites can be as high as 200% and above.
It's important to note that the deposit bonus is not synonymous with the term welcome bonus. This is a common misconception considering that the deposit bonus is the most widespread form of the welcome bonus available at online casinos. However, different sites have different ideas on how they'd like to reward players, which is why online casino welcome bonuses take various shapes and sizes.
Types of Welcome Bonus Offers
This is the standard kind of welcome bonus that matches your deposit to a certain percentage. These offers are usually the biggest online casino bonuses in amount. You can find huge offers like a 100% deposit match up to $1,000.
No Deposit Bonus
This is awarded to players after registration, so it's also a welcome bonus. It can be either a cash or free spins reward.
The welcome package is an increasingly familiar sight at online casinos these days. They combine two or more welcome bonuses into a single offer. A good illustration is a 100% deposit match up to $500 + 100 free spins on slots.
Some casinos will throw in a cashback offer too on your first set of deposits. These work as a 10% cashback for all customers. So you get a rebate on your losses while enjoying your favourite games.
Recurring Welcome Bonus
Bonuses are often claimable only once per player. However, in the spirit of generosity, some casinos will tie online casino welcome bonuses to multiple deposits. New players can claim the offer for 2 or more consecutive deposits.
This kind of bonus increases the level of engagement and excitement when visiting the casino. Operators often use this model to improve customer retention.
Wagering Requirements and Other Bonus Conditions
The expression "carrots and sticks" is perfect for describing online casino welcome bonuses. While the juicy cash and free spins rewards are the carrots, there are always a few sticks in the form of bonus terms and conditions.
Here are some of the ones to look out for:
Wagering Requirement – This is the number of times you have to bet the bonus amount before you can get a payout on your winnings. It is a compulsory part of all signup bonus offers.
For example, a 25x wagering requirement on a bonus of $100 means you have to stake a total of $2500 in bets before you can withdraw any returns.
The best welcome bonus for online casino sites will have low wagering requirements that are easy to fulfill. Nonetheless, players are advised to confirm this before accepting any new player offer.
Game Contribution - This determines how much of your bet will count towards completing the wagering requirement. Slots generally have the highest game contribution percentages at 100%. This means each slot bet is considered at the full amount.
On the other hand, table games like Roulette or Blackjack may be set at 50%, in which case only half the amount of your bet will be considered. So you'll have to bet twice as much as you would for slots.
Validity Period - This is the expiry date on a bonus offer. For the signup bonus, it's usually between 7 and 30 days.
Max Bet - Max bet is the highest amount you can wager on each slot spin or table game round.
Max Win - This isn't exactly a bonus claiming condition. However, it’s good to keep it in mind. You wouldn’t want to be caught unawares trying to withdraw, say, a $500 bonus win, when the limit is only $100.
It's paramount to get up to speed with these requirements because missing out on anyone could mar your bonus experience. In the worst case, you'll be unable to withdraw your winnings, or your bonus will be voided.
Since these bonus conditions can take a sour turn on even the biggest online casino bonuses, they should be your guide in choosing the absolute best welcome bonus for online casino sites. On the bright side, we've already got a list of the latest casino bonuses available for players. You only have to take your pick and claim your own special offer.
How to Claim Your Sign Up Bonus
- Choose a licensed online casino and sign up with the site.
- Read the bonus terms and conditions to learn the bonus requirements. Our recommended sites have the biggest online casino bonuses with reasonable wagering requirements.
- Make your first deposit and claim your welcome bonus.
- Start playing and winning.
- Complete the bonus requirements in the specified time
- Get a payout on your bonus winnings.