The choices we make when signing up for a new online casino can make or break our gaming experience. Oftentimes, even though the game collection in an online casino may contain all our favorite online pokies, the welcome bonus can be a huge factor in how enjoyable our gaming sessions turn out to be.
To better understand how welcome bonuses work and what we should always pay attention to, let me first tell you what you can expect in terms of welcome packages nowadays.
Most online casinos in Canada offer pretty standard welcome packages, which usually consist of one of these types of bonuses:
- No deposit bonus
- Percentage bonus
- Free spins bonus
- Welcome package consisting of a percentage bonus and a set of free spins
While most of these bonuses are quite straightforward and easy to understand, there are a few gimmicks you should always pay attention to whenever you claim a welcome bonus or welcome package in a new online casino.
While at a first glance, all welcome bonuses in Canada may seem like amazing deals that simply cannot be missed, certain bonus conditions may turn out to be a little off-putting. Here’s what you should always look out for in order to ensure that you get the best deal possible and maximize your profits when you put money in an online casino.
Nothing in life is free and online casinos are no different. Every time you claim a bonus from an online casino, you will have a set of rules to follow and a wagering requirement to meet before you will be able to withdraw any funds.
When it comes to wagering requirements, things usually go like this: you deposit your own funds, the casino matches your deposit according to the percentage that is promoted and you will need to place bets in total value of 20x-50x of the amount deposited + bonus received. Here’s an example:
- You deposit 100$, the casino matches your deposit 100% so you have a total of 200$ to play with. If you want to withdraw any funds, you will have to meet a 50x wagering requirement , so in our case, that is 50 times 200$ = 10,000$.
This may seem fair considering that the casino just gave you another 100$ to play with, but you should always be aware of how much you need to wager in order to be able to withdraw (some casinos have 100x wagering requirements for example- you should steer clear of those).
On top of the wagering requirements, you should also check how much you will be allowed to withdraw once you meet the requirements. This is especially true when it comes to free signup bonuses (no deposit bonuses).
For example, a casino offering a free 20$ bonus just for signing up will most likely also impose a 100$ withdrawal limit, even after you’ve met the wagering requirements.
Another catch is the maximum amount you can receive as a bonus. Some online casinos offer incredible percentage bonuses (500%- 1000%), which at first glance may seem quite appealing. Who wouldn’t want to deposit 100$ and play with 1000$?
The key piece of information about these bonuses can be found in the bonus terms and conditions, where you will be able to see exactly how much you are able to get from this bonus. Each bonus has a cap, a maximum amount that can be paid out.
For example, a 1000% bonus UP TO 100$ means that regardless of how much you deposit, you will not be able to claim more than 100$ as a bonus.
Reading the terms and conditions of any service nowadays is pretty necessary, but that is especially true when it comes to casino welcome bonuses. You will find there all the necessary info about how the bonus works, its limitations (some casinos impose a maximum bet while playing with a bonus) and what other rules need to be followed.
If you do your due diligence and read carefully everything about the welcome bonus you are about to claim, chances are you will be able to take full advantage of it and have an amazing and profitable gaming experience.