Different types of casino bonuses explained

Online gambling sites in Canada come with a wide variety of casino bonuses, and they are all lucrative and fun to use. If you are not familiar with the different types of bonuses you can get and how can each improve your gaming experience, find out here!

No deposit casino bonuses

No deposit casino bonuses, also called Sign-up Bonuses, are free promotions created by online casinos for new customers. Their purpose is to attract new players and give them a good reason to sign up. Once they have created an account and used the promotion, they are more likely to make a first deposit.

These can have one of three forms:

  1. Free Spins – the most common form is free spins which you can use on either one specific slot machine, a selection of slots, or any available in the casino’s collection;
  2. Free Bonus Money – you may also find this promotion with free bonus money. In this case, the money is not only available to be used on slot machines but on any game type.
  3. Free Chips – the least common form of this bonus is free chips, which can only be used in Live Casino games.

Sign-up deals can only offer one of these three benefits, never a combination of them. Also, they come with particularities such as:

  • High wagering requirement – no deposit promotions often come with very high wagering requirements that make it difficult for players to keep any winnings from them. That is why these deals are mostly regarded as a tool to test an online casino or enjoy some fun for free. However, there are a few online casinos in Canada that offer wager-free sign-up deals;
  • Short availability – free promotions are usually available from 1 to 7 days. This timeframe may vary from one deal to another, but generally, they expire faster than promotions awarded upon deposit. Make sure you check that out and use your bonus before it expires;
  • Low maximum cashout – you may win large amounts of money using a no deposit deal, it all comes down to how lucky you are. However, you will not be able to cash it all out. Most sign-up promotions come with a low maximum cashout allowed, usually up to 100 CAD, but it may slightly vary. This means that anything above that amount will be forfeited;
  • Low value – this applies to free spins no deposit deals, and it means that the free spins you get without making a payment usually have a lower value than those awarded upon deposit. The value of a free spin is the fixed bet it comes with. Therefore, the number of spins may impress you, but once you calculate the total value, you will notice it is really a couple of dollars.

There is a variety of promotions created by different online casinos, and each may have its own rules and requirements. That is why you should always make sure to read the Terms and Conditions and especially the Promotional Terms.

If you already know the best gaming deals but are looking for the best casino deals, this might be the one for you!

Match bonuses

These are easy to differentiate from other types of promotions because they come in the form of percentages. Match bonuses are awarded only upon deposit, and they give you a percentage of your deposit as bonus money up to a set limit.

These are available to both new and existing customers, and unlike free deals in which you get a set amount of money or number of spins, in this case, the amount of money you get is directly proportional to the payment you make.

Match bonuses can range from 50% to 500% or even more in some rare cases, and their wagering requirement may vary. Usually, it is not as high as it is for no deposit deals, but there are exceptions to every rule. Therefore, while the majority of match deals come with moderate wagering requirements such as 40x or 50x, some come with none and some with 90x or 100x.

For this type of promotion, there is usually no maximum cashout set, case in which the casino’s general withdrawal cap is applicable.

One thing to pay attention to is that these deals may also be restricted to certain games or at least have some titles or software providers not participating in the promotion. This means that you cannot use the bonus on those games, and if you attempt to do so, your bonus may be cancelled.

Welcome packages

Welcome packages are the best type of deal Canadian casinos have in store for their players. These offers can be found here, and they consist of multiple bonuses. The promotions included are usually match bonuses which can also be paired with free spins to make everything even more appealing. In addition, the package may also contain a no deposit bonus for you to start with.

These deals are exclusively created for new players, and if you do not claim and use them right after signing up, they become unavailable.

A welcome package may have different rules for its bonuses, so it is imperative you read the Promotional Terms. The promotions maintain their characteristics explained above, but additional conditions may be added.

Refer-a-friend bonus

Online casinos offer a refer-a-friend bonus to players who invite their friends to sign up and start playing. These deals often have benefits for both you and your friend and are only awarded when they make their first deposit. This means that you will not get the bonus if your friend signs up and only uses the no deposit bonus available.

These promotions do not usually come with high amounts of money, and their requirements are usually not high either.

Now that you know all about the most common casino bonuses and how they work, it is time for you to put them to good use! Read the Terms and Conditions and Bonus Terms whenever you want to sign up on a new casino and use a promotion! Make sure you agree with all the terms imposed, and if you do, enjoy the ride and have more fun than ever with your lucrative bonus!

About the Author

Helen Miller

Helen Miller is a freelance writer at CouponKirin. She covers personal finance topics in a syndicated column that appears in Financial Planning Magazine. Her work has been featured by Market Watch, Digital Journal, Chicago Tribune, USA Today, and Yahoo Finance. Helen has a bachelor’s degree in finance from the University of California, Los Angeles.