Bonuses are funds for free play, which online casinos provide to registered users as incentives. All bonuses, conditions for their receipt, and wagering are combined into a single system — the bonus policy of online casinos. The main objective of the bonus policy is to attract new users to the site and maintain interest in the game among regular clients. Bonuses are one of the best ways to attract a new audience, but different promotions can be available not only for newcomers. So an institution can thank players who have a turnover of several thousand dollars in the calculation period. Therefore, the owners of the best payout online casino Canada often arrange different promotions. Available bonuses are pretty diverse, so it is necessary to understand each in more detail. They can give both beginners and experienced gamblers.
To begin with, let’s clarify that bonuses are not charity. The player can not withdraw the “free” money from the account until the bonus is fully won back according to the terms of the wager. A wager is a number (x-fold) defining the amount of the total amount of bets after which the bonus will be considered won. However, players always can get free spins for $1 Canada. Nevertheless, understanding the meaning of a wager is much easier by an example: a player has received a bonus of $100 with a wager of x10. To determine the number of total bets, he needs to multiply the bonus amount by the wager (100 x 10 = 1000). This means that under the online casino’s terms, the player must make several bets totaling $ 1000. The total amount of bets refers to the total amount of money the player bets throughout the game, and it does not matter how many stakes he won or lost. Below, we will list the main types of bonuses most commonly used in online casinos and describe their advantages and disadvantages.
No deposit bonus
This type of bonus is most attractive to users because it does not require making a deposit and is provided to all players who have fulfilled some conditions not related to the financial side—for example, having registered through a referral link. Such bonuses are not found in all casinos because they do not need to make a deposit. Most online institutions offer no deposit bonuses to new players, encouraging them to open an account at this casino. The advantage of this type of bonus is that the customer, who decided to use it, does not risk his own funds and gets the opportunity to play for real money. No deposit bonus is realized in several options:
- The amount goes directly to the game account (after registration, and verification of contact information).
- Free rounds (the number is individual for each slot or casino).
- Presents on the occasion of holidays (client’s name day, promotions timed to significant dates).
- Rewards for a promo code, inviting a friend, assigning VIP status, etc.
- Usually, when playing with bonus funds, you cannot bet above a certain amount.
- You can usually only get each bonus once and only create one casino account.
- Your winnings will likely be limited to a certain amount. If you win more, the excess will be deducted from your account.
- Usually, your bonus will have an expiration date. This means you have a limited time to meet the wagering conditions (free cash bonuses) or use your free spins.
Deposit bonuses are available in almost every official casino. It is the most common type of bonus, which is awarded to players for the first or subsequent deposit. It may be a fixed amount and a certain percentage of the payment. The value of the set bonus is specified in the terms and conditions, as well as the minimum deposit amount, which the player must make to his account. For example, it looks like this: a bonus of $100 on a deposit of $50 or more. The value of the percentage bonus directly depends on the amount deposited. Therefore, each casino sets its own limit, indicating the minimum and maximum amount of possible deposits. For example, a bonus of 100% on a warranty from €10 to €200 is charged. Online casinos offer lower wager and honorable conditions of the game. It is better to select minimum deposit bonuses on the following principle: it is necessary to calculate how much of your funds you will theoretically spend, fulfilling the conditions of the wager. If the amount of payment exceeds the value of the bonus — it is better to reject the “free” money. A good bonus offer must have a high percentage of the deposit, a small wager, and minimal restrictions on the terms, games, etc.
Bonuses for the offered payment method
Many online casinos offer small bonuses of 10-20% on all deposits, which the user makes through the recommended payment system. A small commission of about 3% is charged when depositing most payment systems. With such bonuses, the institution encourages the client and compensates his expenses on depositing through unpopular systems with high commissions. The bonus amount comes out modest, but it is not very difficult to wager. If this method of depositing makes sense to you, it makes sense to try the bonus as well.
Bonuses for loyal and VIP players
Each online casino encourages regular and most active users in its own way. Regular players are entitled to regular bonuses (monthly, quarterly, weekly), individual rewards on their birthday, for referring a friend, and participation in tournaments and promotions organized by the online casino. For a certain number of bets, all players are awarded additional bonus points — comp points, which can later be exchanged for money. But the biggest and most profitable bonuses with soft wager requirements go to players with VIP status. All online casinos value their VIP customers and try to encourage them.
Some casinos provide cashback, which means real money back to the player. Cashback depends on the amount lost on spins during the period set by the casino itself. The percentage of refunds depends on the conditions of the gambling establishment. Also, the size of the refund may vary depending on the player’s status. The essence of cashback provision is similar to modern standards. Refunds can be found in banking, online shopping, etc. It works the same way here. Let’s say, from the losses, the user receives a cashback of 15%, which can be issued weekly. The player must contact support with the appropriate request to get a refund at the end of the week. Some gambling establishments place the button for receiving cashback directly in the personal profile.
In casinos, there are free scrolls that are issued to the user. More often than not, free spins replace the cash bonus. Free spins are given to the user to play several specific slots. Sometimes, it may even be a single slot machine if the appropriate targeting action is made.
Freespins are divided into no deposit and deposit. To get the first do not need to deposit money into the account, but to withdraw winnings will need to make a deposit. Otherwise, you will not be able to withdraw the money because of the rules of any gambling establishment. Withdrawal can only be made by the same method by which the money was entered into the system. Deposit-free spins may already have a wager debt since they are issued in the amount depending on the amount of the deposit.
This is the rarest bonus, which online casinos more often use to build up a customer base. These institutions offer to compensate for possible loss through a special bonus, allowing to return some part of the lost money. Most often, it’s 5-25% of the lost amount, while the casino may set some restrictions on the use of the refundable bonus.
Conditions for playing with bonuses
As you have already understood, to receive bonus money, a player must perform specific actions, such as registering, making a deposit, inviting a friend, or fulfilling other conditions of the online establishment. Regardless of the type of bonus used, paying close attention to the situations under which these bonuses are granted is necessary. Only sporadic promotions imply the issuance of free spins or accrual of bonus funds without conditions. The most important points of the game’s rules with bonus money can be found only in a special section on the online casino’s website. Note that there is no unnecessary information there. Therefore, read all the points very carefully so that in the future, freely withdraw the won money from the account and avoid unnecessary conflicts. Often players rush to use the bonus money and are very disappointed when they find out that they played against the casino rules and have no right to withdraw the long-awaited winnings from the account.