Online Casino Bonuses in Canada
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Online Casino Bonuses
Deposit bonuses are great because they allow you to double your money right away. Even before you win anything you are already playing with house money. There are a lot of different deposit bonuses out there, so take your time and make the best choice when you are choosing a casino to play at. Always remember to read the terms and conditions before playing. Only for new customers.
Casino bonuses are a great way to increase your chances of cashing out a big score, and unlike Free Spins, then a bonus normally activated by a deposit. The most common form of casino bonus is a match bonus. A match bonus will take the form of X% of up to Y amount. So, for example, you might have a 100% match bonus up to $250, and what this means is that if you deposit any amount up to $250 the casino will double your money right away. So if you deposit $125 you start playing with $250 immediately. The catch is that you are required to roll over a certain amount before you can cash out. Rollover can be applied either to just the bonus, or the bonus and the deposit amount. A common rollover requirement is 30x the bonus amount. In this case, you would have to roll over 30x $125, or in other words, bet $3750 before cashing out. A bonus can also be attached to both the bonus and the deposit, in which case a 30 x rollover requirement on a $125 deposit would require $7500 in action before the bonus is cleared. This sounds like a lot, but it actually clears pretty quickly, because when you are betting you are both winning and losing.
Wagering and contributions
What is wagering on bonuses and free spins?
If you receive Free Spins or bonuses from our favourite onine casino, there is in mst cases a wagering requrement on the winnings generated from the Free Spins, or wagering on the bonus money. This means that if you get some free spins and the wagering on winnings is 10 x, then you have to wager the winnings x 10. Same goes for the bonus, if you get a $100 bonus with 30 x wagering on bonus amount, you will have to wager $3000 (30 x 100) before you can withdraw and play freely with the bonus.
Why do Casinos have wagering requirements on bonuses?
Wagering was introduced as a fraud prevention, as many players simply signed up to Casinos and withdrew as soon as they got the bonus money in their account. Today the wagerig is also used to increase profit and make it as hard as possible for players to beat the house.
Most casinos now are using weighted contributions for low house edge games like blackjack or video poker. With a weighted contribution, a certain game only partially counts towards the rollover. So blackjack may only count for 20% towards clearing your bonus. In that case, in order to clear the same bonus you would need to bet $3750 x 5 or 18750. Luckily, if you like to play slots then there is no problem because slots almost always count for 100%.
Types of Casinos bonuses
First Deposit Bonuses
Perhaps the most common form of bonus is a first deposit bonus. Online casinos are very competitive in trying to attract new customers. There are hundreds of different online casinos out there, and online gambling is a billion dollar industry. First deposit bonuses are only available if you have never had an account at a particular online casino. Do not try to claim a deposit bonus more than one time or the casino will ban you. Luckily, after you clear a deposit bonus at one casino you can always just move on to a new one. There is plenty of fish in the sea. When selecting a deposit bonus make sure to consider a few different things. You want to choose an online casino that is highly reputable, and make sure to read the bonus terms and conditions carefully, so that you get a good deal. You want the lowest amount of rollover, and getting a good match is nice too. Some casinos offer 200% or even 300% match bonuses.
Unlike first deposit bonuses, reload bonuses can be used by existing players. Some casinos offer all sorts of reload bonuses, including daily reloads as well as seasonal deposit bonuses. Often reload bonuses do not have as great of a match as first deposit bonuses, but you can find some juicy ones out there. Just like a first deposit bonus, these are almost always a match bonus, meaning you get to play with extra money right away, but you have to clear the bonus before you cash out.
No Deposit Bonuses
Another fun type of bonus is a no deposit bonus. In order to get customers, a lot of online casinos will give you free money to try out their site. No really, they will! This will often come in the form of a free chip, but you can get free spins also. With free spins, you get to play a slot machine a few times for free (sometimes up to 20 spins) and then whatever you win is now a bonus that if you play long enough you can clear and cash out. Here is the secret for no deposit bonuses, what you want to do is flip them a few times on baccarat. So, you take whatever bonus money you have, and then go all in on banker, and if you win keep betting maximum again. Then if you win three or four times in a row you can now try to clear the bonus with small bets. If you just try to clear the bonus with small bets you will go broke very frequently and waste a lot of time in the process, but if you keep doubling your money on baccarat and then try to clear it with small bets you have a good shot of cashing out, and if you bust you waste minimal time. Since it is free money you are playing with it does not really matter if you lose.
Review the Terms and Conditions
The most important thing when you are considering making a deposit to take advantage of a deposit bonus is to review the terms and conditions. There is a tremendous variety of deposit bonuses out there, and some do come with strings attached. In order to protect your interests, it is important that you review the rules associated with any bonus offer. Some bonus offers may limit the maximum amount that you can bet during the bonus period. Other bonuses are “sticky”, which means that while you can use the funds to play, you will not be able to cash out the bonus, just your deposit and any subsequent winnings. Sometimes casinos restrict which games you can play during the bonus period, and state that if you play a restricted game then you may forfeit your bonus and your winnings. On the other hand, many casinos do not have these harsher bonus terms and allow you to do pretty much whatever you like. That is why it is very important to read the terms and conditions of any bonus offer before you play so that you can follow the rules and also evaluate the relative worth of different bonus offers. Remember, that the world of casino gambling is a buyers market. You have hundreds of different online casinos to choose from and there are a lot of great bonus deals out there.