Why do casinos give bonuses?
Online casino bonuses are some of the best tools that casinos use to attract players to their websites. Going by the name, bonuses are free money that a casino gives you for joining their platform or as part of the promotion. However, you need to keep in mind that you need to complete the requirements outlined in the terms and conditions before you can withdraw any money.
Casinos give these incentives to extend your playtime while you try out their services without risking too much of your own deposit. Most casinos also give a chance to try out their games in free play mode so you can learn the games without risking or winning anything.
Different casinos give out different bonuses, and it's not always easy to follow what a specific offer means. You can learn the differences in bonuses and how to get them in our bonus round up.
Splendid Bonus Example from Rizk Casino
What type of casino bonuses available in Canada?
Different Canadian casino sites
offer varying bonuses. The type of bonus you receive will depend on the casino, the game you select, and the amount of money you stake. It is essential to understand what type of bonuses are available and what you need to do to get the bonus, and how can you use them.
The type of bonuses available in Canada
- Match deposit bonus
- Free spins with no deposit
- Free money without deposit
- Cash back bonus
- Refer a friend bonus
Match Deposit bonus
If you've visited an online casino website, you may have come across a match deposit bonus. This is perhaps the most common type of casino bonus, and this is what most people are looking for, but if you don't know how they work, it can end in disappointment instead of winning something.
What is a match deposit bonus?
Match deposit bonuses are usually offered to new players when they join an online casino. Online casinos use this bonus to attract new players to their website, and as a consequence, match deposit bonuses come in huge sums. Unfortunately, these bonuses usually have high playthrough requirements that often favour the casino. This is especially true for casinos with many players. We suggest to always check the bonus terms and conditions for the wagering requirements. If an offer sounds too good to be true, it might as well be.
No deposit bonuses
Going by the name, a no deposit bonus is offered by online casinos through no deposit promotions. During this promotion, you'll be given free bonus money without making a deposit. You can use this free money to play at the casino as set out in the terms and conditions.
No deposit bonuses come in two forms:
- Free spins with no deposit - You will get the spins as soon as you complete the registration process. The casinos usually offer 10-50 spins as a part of their promotions. More often than not, these free spins can only be used on specific slots.
- Free money without deposit - With this bonus, you will be given the free bonus money once you're done with the registration. However, it is important to note that you might not be able to cash out this bonus and only use it to play with it. You can withdraw your winnings from the bonus once you met the wagering criteria.
How much is a no deposit bonus?
Since no deposit bonuses are free of charge, most online casinos limit these bonuses to not more than $5. Some well-established casinos could offer up to $10 for new players.
Loyal customers get cashback on their gameplay. It's the same principle as to how land-based casinos offer free meals or room upgrades to their high rollers and VIPs.
In online casinos, the cashback bonus is a little different. Some online casinos give cashback bonuses to all of their loyal players, and some will only do it as part of their loyalty or VIP loyalty programmes where they make weekly or monthly cashback.
The amount given as a cashback bonus depends on the amount you lose playing at the casino. The cashback bonus is paid directly to your account and can be withdrawn without any wagering requirements.
How cashback bonuses work?
There are slight differences between how casinos deal with cashback. In some of them, the bonus can only be earned by playing selected casino games. In other casinos, the bonus will be calculated over some time: daily, weekly or monthly. The bonus also can be capped at a certain amount, which could be $100.
Refer a friend bonus
To get this bonus, you need to invite a friend, and they have to sign up, deposit and meet the wagering requirements. To get the bonus, you will need to share a unique link you get from the casino website. With the refer a friend bonus, both you and your friend will benefit.
Casino bonus rules
Like any other service offered by the casino, bonuses are subject to terms and conditions applicable to all players. Having a look at the conditions will help you claim the bonus and understand how to use it.
Wagering requirements are set by online casinos to prevent losses and stop players from abusing the bonus offers. Playthrough requirements, or more often called wagering requirements, have two types.
- Specific bets
Casinos sometimes specify which games can be played using the bonus. For instance, you might only be allowed to play the Spartacus Gladiator of Rome and the Queen of the Wild games using a welcome bonus.
- Rollover requirements
You can't withdraw cash unless you fulfill the wagering requirements set by the casino. This could be anywhere from 20x times, but some casinos set it much higher to like 40x-50x. Try to find casinos with lower requirements, so you have more chances to withdraw some winnings. Welcome bonuses and no deposit bonuses have the highest wagering requirements.
Other terms and conditions
Apart from the wagering requirements, you need to have a look at the bonus expiration date.
There is a time limit on bonuses to encourage players to use them quickly. Once the bonus expires, it can't be claimed. Welcome bonuses usually give you 30 days to fulfill the wagering requirements. If the wagering requirement is not met, the casino can revoke the bonus plus any winnings as a result of the bonus.
Casino bonuses are given for the sole reason of getting new customers. While as a player you benefit from the extra money, you need to look at the terms and conditions set by the casino before making any deposit or start playing.