What Is A Casino Welcome Bonus?
As you’ve probably noticed, all over the internet there are special introductory offers for all sorts of different services; free 30 day trials, money off your first purchase and so on and so forth. The benefits of offering these to new customers are undeniable and those involved in the online gambling industry very rarely miss a trick.
This is where the online casino welcome bonus comes in – also known as a casino sign up bonus. As you visit different Canadian casino sites you’ll see a range of these generous bonuses offering all sorts of incentives to sign up, deposit and play. Whilst what’s on offer may be attractive, and often they are, always remember that they’re designed to do one thing: coax you into spending your hard-earned cash.
That’s not to say that they’re by any means underhanded, in fact making use of a good welcome bonus is a great way to kickstart your online casino session. There’s just always one thing you’ll want to keep an eye out for and that’s the associated terms and conditions – but more on that later.
In most cases what you’ll find is a package that includes some sort of deposit bonus and a various amount of Free Spins to play with. These will vary in value from site to site, so it’s always worth checking to see which is best – our welcome bonus page would be a great place to start!
However, as an example, Casimba has a fantastic welcome bonus for Canadian players to take advantage of: 200% up to C$5,000 + 50 Free Spins. What this means is that if you were to make your first deposit, up to the value of C$5,000, you would triple your starting balance. Not only that, but you’d also have 50 Free Spins to play certain online slots with, meaning you could be looking at even more cash.
Now, that sounds like an absolutely phenomenal deal, right? Well, yes it is but this is where the terms and conditions come into play.
The majority of online casinos in canada will first require you to make a minimum deposit in order to qualify for the welcome bonus. After doing so, the bonus will be activated and you will receive the respective amount of money. However, in almost every instance this will be credited in the form of bonus funds, not withdrawable cash.
To convert your bonus funds into money that you’re able to withdraw you will have to meet certain wagering requirements. In Casimba’s case, a 35x wagering requirement applies to both your deposit and bonus.
Say you were to deposit C$100, you would then, in turn, have C$300 in your account to play with. With a 35x wagering requirement, you would have to wager the total of 35 x C$300 before any remaining funds could be withdrawn – C$10,500 in total.
It seems a bit trickier now, doesn’t it? Obviously it is possible to accomplish this and you could walk away all the richer for doing so. One thing we must reiterate though is always read the terms and conditions before using a welcome bonus.
Can You Withdraw The Bonus Balance?
As we’ve touched upon, when you make use of a casino welcome bonus the funds are almost always credited as a bonus balance – sometimes remaining separate from your cash balance for the duration of the wagering requirements.
When placing a wager with an active bonus balance, some online casinos will split your stake between both your cash funds and bonus funds, whilst others will remove funds from the cash balance first. These methods tend to be in place so that you cannot exploit the offer and play entirely risk-free.
Ultimately, this means that the funds in your bonus balance are locked as such until certain terms and conditions have been met. If you were simply able to deposit C$100, get a C$200 bonus and then withdraw the bonus funds it would essentially be free money and nobody, not an online casino or any other business is that generous.
So, to answer this question: the only way to withdraw funds in your bonus balance is to first convert them into real money by meeting the wagering requirements and/or other terms and conditions.
Most casinos will still allow you to withdraw your initial deposit, but if you do so then your bonus balance is likely to be voided entirely.
What Are Online Casino Bonuses?
This may seem like a simple question, but it’s one that’s broad and can mean a great number of things. We’ve already discussed welcome bonuses but there are many more online casino promotions that you can take advantage of.
These come in all sorts of shapes and sizes, ranging from smaller cashback offers to highly rewarding deposit bonuses and much more in between. In some cases, you’re not even tied into making a deposit to benefit from them either and you’ll easily be able to find them at the best Canadian online casinos. The most popular are as follows.
Deposit/Reload bonus: A staple offer in the online casino world, these provide you with more money to play with when making a deposit. Simply add funds to an existing online casino account to benefit from a percentage match on your deposit. Deposit bonuses usually range between 25% – 200% so they’re definitely worthwhile taking advantage of.
No deposit bonus: Similar to a deposit bonus in many ways, except in one key area. To reap the benefits of a no deposit bonus you don’t actually have to spend any money. Typically, all you will need to do is sign up for a new account at a participating casino and you’ll receive a certain amount of free money or free spins to play with. As you can probably imagine, these are by far the most popular casino bonuses around so they’re not as common as other types of offer. However, there are still plenty of them out there and you’ll find all of them here at NetEnt casino.
Cashback offers: Sometimes you can have a spell of bad luck when gambling online. It’s the risk you take when going in search of those big wins. Thankfully, all may not be lost if your chosen site has a cashback promotion running. You may or may not be required to opt in to this particular bonus, but the end result is often the same – you’ll be awarded a percentage of your net losses back as either cash or bonus funds.
Bonus codes: On occasion, you may need a casino promo code in order to activate a certain bonus. Existing customers may receive these via promotional emails or other marketing materials, but new players can also make use of them when initially signing up. Either way the Bonus codes need to be entered on a specific page, usually found within the cashier section, to receive the promoted offer.
No wagering bonus: We’ve previously gone into detail explaining how welcome offers typically come with wagering requirements that must be met before bonus funds become withdrawable. However, there are other bonuses that provide similar casino rewards without these restrictions. These are known as no wagering bonuses. Essentially, whatever you win from this type of offer is yours to keep – no wagering requirements and no additional terms and conditions. As these are potentially very rewarding they can be hard to find, but we’ve compiled a few below for all Canadian players to make use of.
Live Casino bonus: Although many online casinos bonuses provide decent offers on slots, this type of bonus is tailored towards those of you who prefer the unmistakable action that only live casino gaming can provide. Various sites provide welcome bonuses, deposit bonuses and cashback offers that can be specifically utilised to further your time at the tables, take on the live dealers and beat them at their own game.
Can I Play Without A Casino Bonus?
If you would prefer to play without a casino bonus, you can of course still play using your own funds.
If you were to do so, every bet you place would be with your own money so the risk would be greater, but you also wouldn’t have to navigate any wagering requirements when making a withdrawal.
Additionally, with bonus funds, it’s possible to lose sight of how much you’re betting and the money could be lost rather quickly. However, when solely using your own hard-earned cash, you would have a direct cognitive connection with how much you’re risking so the funds are likely to hold even greater intrinsic value. Not only that, but whatever you win is automatically yours to keep.
However, one thing we would suggest is if there is a cashback offer available it’s usually wise to make use of it. Even if there are certain wagering requirements attached it’s still money back on the losses that you wouldn’t otherwise receive.
Ultimately, the choice to make use of a casino bonus or not is yours, but we strongly recommend using one to enhance your overall experience. Of course, always check the terms and conditions beforehand but they’re a great way to get a bit more bang out of your buck!