Welcome Bonus Offers
Online casinos have many advantages, but for most players, the best part about playing online is the welcome bonuses that casinos offer first-time players. If you are new to the online casino scene, you may be wondering why casinos offer welcome bonuses in the first place. The reason is quite simple. There are so many different casinos to choose from that each casino needs to have a reason why you should play at their establishment. They do this by offering cash match bonuses and free spins when you sign up and make your first deposit.
Different Types of Welcome Bonuses
Now that you know why casinos offer welcome bonuses, let’s take a look at the different types of bonuses available. In Canada the most commonly offered bonus is the cash match welcome bonus. In order to qualify for a welcome bonus, players must sign up for a new casino account and make a real money deposit. The bonus relates to your initial deposit and is expressed as a cash match percentage. For example, a 100% cash match bonus means that the casino will match krone for krone the amount you deposited up to a certain cash limit.
If you deposit 100 CAD, the casino will match the amount and your account will reflect 200 CAD. Some online casinos actually offer a welcome package that includes a cash match bonus as well as free spins to use on the latest slot games. Players can use both at the same time or can use their free spins first and then their cash later. Other casinos offer bonuses on your first three deposits with a 100%, 50% and 75% cash match on each deposit. Whichever casino bonus you choose, you should always read the terms and conditions attached to the bonus.
All casino bonuses, no matter what they are offering, come with very strict wagering requirements. These are often referred to as playthroughs and are expressed as a number with an x denoting a multiplication. For example, a welcome bonus could be advertised as a 100% cash match up to 200 CAD with a playthrough of 15x. What this means is that players would have to wager a total of 15 times their bonus amount before they can cash out their bonus or any subsequent winnings from their deposit or bonus amount.
What to Look Out For
If you deposited 100 CAD and the wagering requirement on a 100% cash match is 15x you would need to wager 1500 CAD at the casino before you can cash out. From this we can see that even a small change in the wagering number makes a big difference on how much you would need to wager at the casino. A good thing to look out for is a when a casino combines the wagering requirement for both the deposit and the bonus. In the above example, the wager requirement of 1500 CAD is based purely on the bonus amount, if we include the deposit amount, you would need to wager a full 3000 CAD at the casino before you could think of cashing out any of your winnings.
Welcome bonus offers are usually the biggest rewards you’ll find online, and if you use them smartly, you can reap massive rewards!