What is a Casino Welcome Bonus?
Another name for this offer is the “welcome package”, and this name actually shows what you should expect from it. A welcome offer is designed to reward a new player for completing the registration and making their 1st deposit.
This reward is a match up bonus. This means your first deposit is matched at a certain rate. For example, when you deposit 10 CAD, the casino gives you another 10 CAD and puts it in a bonus balance. In this example, the matchratio is 100%, but it is also possible to find different rates such as 200%, 300%, and even 400%.
Pros and Cons of Canadian Casino Welcome Offers:
How Wе Rate Online Casino Sites With Welcome Bonuses
We have many years of expertise in the online gambling industry and know how to evaluate both casino sites and online casino bonuses. In this context, we use several criteria and work meticulously in order to choose the best welcome bonus casino. The welcome bonus casino sites we recommend are determined after a long elimination process, and we personally test dozens of sites throughout this process. Below, you can find more information about what our evaluation criteria are.
Safety and Trust
Our first and most important criterion in our evaluation process is safety and reliability. This includes many different factors. First of all, we verify the license of the casino and make sure that it offers a legal service. Next, we check whether SSL encryption is used on each page of the site. We also pay attention to factors such as who operates the casino and how many complaints there are about it.
Casino Bonus Offers
To take advantage of the casino bonuses, you need to make your 1st deposit. You will also eventually want to withdraw your bonuses and other winnings. That's why we review all available payment methods and test each one ourselves. It is important for us that payments can be completed instantly, smoothly, and free-of-charge. We prefer casinos that support more than one payment method such as credit cards (VISA / Mastercard), e-wallets, wire transfers, and cryptocurrencies.
You don't need to use a PC or laptop to take advantage of an online casino bonus: you can claim them from mobile devices as well. That's why we test casino sites with different mobile devices and make sure that each one can have a smooth experience. Having a native app is a big plus, but mobile browser compatibility is more important to us.
The first thing you will do after completing the bonus activation is to start playing games. For this reason, we also examine the game collections of the casinos and make sure that they are satisfactory in terms of both quality and quantity. We look at whether you can use your online casino bonus on the latest and greatest casino games from reputable studios.
Understanding the Welcome Bonus Package
Like most casino bonuses, a deposit is required to activate the welcome packs. The minimum amount of this deposit varies from casino to casino, but it is usually possible to say that it varies between 5 CAD and 20 CAD. Also, you must be a new member: casinos offer match bonuses to existing members as well, but they work a little differently.
The main feature of a welcome promotion is to match the initial deposit made by new members at a certain rate. This is something you can see in all casinos that offer this bonus. However, in some cases, it is possible to earn a bonus for the first few deposits made. This type of offer is called a “multi-deposit package” and usually covers the first three deposits of new members.
1. First Deposit Bonus at Online Casino
You can easily guess what this means: new customers get bonus cash for their initial deposits. Here, the bonus amount is usually high, as the 1st deposit is important for casinos: it allows the player to make a financial commitment. You can trigger this bonus by making a certain deposit and benefit from high match rates such as 200% - 300%. For example, a 200% sign up bonus will give you a bonus of 40 CAD for a 20 CAD deposit (20 x 2).
2. Second Deposit Bonus
Some casinos also offer a bonus for the second deposit of new customers too. This works exactly like the first deposit bonus, i.e., it matches the deposit made at a certain rate. However, the match rate is slightly lower (e.g., 100%). The bonus money obtained with this offer is again transferred to the player's bonus balance.
3. Third Deposit Bonus
To make their welcome package more attractive, new casinos may sometimes offer a match bonus for the third deposit made by new customers. This works like the first two, transferring a certain amount of bonus to the player's account for the deposit made. However, the match rate is often even lower (like 50%). In such multi-deposit welcome packages, it is usually necessary to make all deposits within a certain time frame (for example, within 7 days from the date of membership).
Types of Sign Up Bonuses in Canadian Online Casinos
We gave a brief description of what a welcome bonus is above, but what does this promotion actually include? You can find a welcome pack no matter how many Canadian casinos you visit, but what's included in it differs. Still, all welcome bonuses have two things in common:
- A match rate: Your first deposit is always matched at a certain rate (and the most common rate is 100%).
- Exclusivity to new customers: Only new customers can benefit from welcome packages.
In other words, there is a wide variety of welcome packages that new customers can take advantage of, and how useful they are will be determined accordingly. In any case, you can be sure to get a match rate for your first deposit, but your package may include more than that. Below, you can see the most common examples of this.
Casino Match Bonus
This is an offer that is included in all welcome packages as explained above and means that the deposit made by the player is matched at a certain rate. In this regard, the most common match rates are:
|🎁 100% match bonus||The player receives a 1:1 bonus for his deposit. For example, a deposit of 10 CAD gives a bonus of 10 CAD (10 x 1).|
|🎁 200% match bonus||The player receives a bonus of twice the amount of his deposit. For example, a deposit of 15 CAD will give you a bonus of 30 CAD (15 x 2).|
|🎁 300% match bonus||With this offer, you get a bonus of three times your deposit. For example, for a deposit of 20 CAD, it is possible to get a bonus of 60 CAD (20 x 3).|
This offer is a part of most welcome packages and allows the player to win a certain number of free spins in addition to a bonus balance. For example, you can win both a 100% match and 50 free spins for your initial deposit. You can immediately start using your spins on the slots selected by the casino, and if you win something, your winnings will be credited to your bonus balance instantly.
Welcome Bonus Cashbacks
This is the type of bonus that has recently become popular in lots of Canadian casinos. It ensures that a certain part of the money that the player lost in the first 24 hours is returned to his account. For example, if you lose 100 CAD on your first day at the casino, you can get 50 CAD back. In this example, the return rate is 50%, but it is possible to find even offers that return 100% of your losses. Unlike the others, this bonus package mostly does not require a wagering requirement.
No Deposit Bonuses
It is necessary to evaluate these offers in a completely different category. Because while they are technically a welcome bonus, they work quite differently. No deposit is required to claim these casino bonuses. As soon as you open a new account, a certain amount of bonus money (for example, 10 CAD) or a certain number of free spins (for example, 20 spins) is added to your account. Sometimes you may need to use new no deposit bonus codes, but you will not be asked to make a deposit. You can start using these bonuses immediately, and if you win anything, you will be allowed to withdraw after completing the wagering requirements.
Cashable vs Non-Cashable Welcome Bonus
It is also possible to divide online casino bonuses into two basic categories: “cashable” and “non-cashable”. Cashable bonuses are promotions that you can withdraw after completing the relevant wagering requirements. For example, let's say you have 500 CAD in your bonus balance: after you wager a certain amount of money, you can withdraw this balance to your bank account.
At first glance, you may think that cashable bonuses are more advantageous, but you should decide according to your expectations. You will continue making deposits as you continue playing, so withdrawing the money from your bonus balance will not provide any real benefit as you will have to deposit that money back into the casino in the future. Also, non-cashable promotions usually have a higher maximum bonus limit, meaning you can get a bigger bankroll for gaming.
How to Claim the Biggest Casino Welcome Bonus?
Claiming a welcome bonus is a fairly simple task, and even if this is your first time, you can complete the whole process in a maximum of 10 minutes. This time can be even shorter if you follow the steps below:
- Choose one of the best welcome bonus casino sites we recommend: we regularly monitor the latest casino bonuses and always keep our lists up to date.
- Sign up to the casino site of your choice and log in with your username & password.
- Open your profile page, click the “deposit” button, and choose one of the available payment methods.
- Make your 1st deposit (make sure the amount is enough to trigger the bonus).
- Your bonus will be automatically added to your account.
Welcome / Sign-Up Bonus Wagering Requirements for 2023 Explained
For example, if your bonus is 250 CAD and the wagering requirement is 30x, you will first be asked to wager 7,500 CAD (250 x 30). This means that you have to bet a total of CAD 7,500 on the games at the casino, and for the most part, only your bets on slot games will count. Some additional restrictions may also be applied to your account during this process (e.g., a maximum bet limit, withdrawal ban, etc.). After the wagering requirements are fulfilled, the money in your bonus balance is automatically transferred to your real balance.
New Online Casino Welcome Bonuses
If you want to take advantage of the highest possible match rates and use the welcome packages that combine many advantages, you should take a look at the offers on the new casino sites. Welcome packages at newly established casino sites are always bigger. The reason for this is simple: new casinos need members fast, and the best way to encourage players is to make the welcome pack more attractive. In this context, you can even find the following offers on new online casino sites:
- Welcome bonus with low wagering requirements: This bonus offer works as described above, but the wagering rate is much lower (between 5x and 20x). So, you can complete the wagering terms much faster.
- No wager welcome bonus: This is a very rare bonus offer as it completely eliminates the wagering requirement. In other words, there is no need to wager a certain amount of money to use the bonus cash. This means that any winnings you make from using the bonus cash are yours to keep, with lower risk.
How to Cash Out a Casino Registration Bonus?
This is actually quite an easy task as it will be sufficient to complete the wagering requirements as explained above. The bonus amount in your bonus balance is automatically transferred to your real balance as soon as the relevant conditions are met. As you know, you can withdraw the money in your real balance at any time or use it to play games. So, the bonus amount will become “withdrawable” as soon as it enters this balance. After that, you can withdraw it using any banking method, like any other winning.
The Best Online Casino Welcome Bonus Offers - Conclusion
A welcome bonus will allow you to multiply your initial budget and start your gambling journey in an advantageous way. So, when you join a new casino, don't forget to take advantage of it. In this guide, we explained what to expect from this promotion and included the best welcome offers you can use: choose one and claim it right now. Good luck!