Bonuses Wagering Requirements
There are well over 200 online casinos in operation today in Canada and some are certainly better than others. The one thing that they all have in common is that they offer their players bonuses. All bonuses regardless of whether they are Free No Deposit Bonuses or any other type of bonus is that they have wagering requirements associated with them. Moreover, the wagering requirements will range from game to game depending upon the house advantage associated with the game.
The land-based casino industry is renowned for the level of service that they provide their guests as well as the incredible perks, known as “comps,” that they offer their most loyal players. Casinos will comp players meals, rooms and will even fly high rollers to the casino in private jets and provide them with personal VIP managers.
As generous as the service and comps may be, no one would think to suggest that they are offered with altruistic intentions. Big players bring more money into the casino and a happy player is a bigger player…did I mention that players generally receive free drinks at the casino? The casino considers offering a big player a free room as an investment and nothing short of that…as Robert De Niro’s character said in Casino ”the cardinal rule is to keep them playing and keep them coming back.”
Since online casinos are…well, online; they cannot comp rooms nor can they give them free drinks. What they can do is offer their players bonuses and promotions. Players encounter bonuses from the very beginning whether it comes in the form of a Deposit Bonus or a Free No Deposit Casino Bonus.
Deposit Bonuses and Wagering Requirements
Most Welcome Bonuses and all Reload Bonuses are Deposit Bonuses. Deposit Bonuses are Match Bonuses that offer players bonus cash as a percentage of a deposit that they make. The simplest way to explain how bonuses and wagering requirements work is by taking the example of a generic 100% Match Bonus up to CA$100. With this bonus, players making a first deposit of CA$100 will receive an additional CA$100 in bonus cash. Players can use this bonus cash in order to place bets immediately; however, withdrawing the money is a different story.
Bonuses have wagering requirements associated with them. Wagering requirements are the amount of money that a player must make in wagers before they can withdraw the bonus cash and any winnings that might come from their bets made with both the deposited funds and the bonus cash. Let us return to our example of the 100% Match Bonus up to CA$100. Let us say that this bonus has wagering requirements of 25x (bonus + deposit). This means that you would have to wager a total of 25x (CA$100 + CA$100) or CA$5,000 before you would be able to withdraw the CA$100 bonus or any of the winnings generated from both the CA$100 deposit and CA$100 bonus.
Both bonus sizes and wagering requirements will range widely from online casino to online casino and it is important to take both in consideration when judging the true value of a bonus. Let us take the extreme example of a bonus that offers a player 200% Match Bonus up to CA$1,000. Offhand, it sounds great. You make a deposit of CA$500 and the casino gives you an additional CA$1,000 with which to play…fantastic. What if I were to tell you that the bonus had wagering requirements of 200x (deposit + bonus)? This would mean that you would be required to wager a total of 200x (CA$500+CA$1,000) or CA$300,000. That is a major brajole to swallow! Before you agree to a bonus, make sure that you can enjoy the bonus and your winnings without having to wager away your kidneys.
Free No Deposit Bonuses, Bonus Prizes And Their Wagering Requirements
There is a growing trend in the online casino industry to offer their new players Free No Deposit Bonuses when they register an account. These bonuses are typically from as low as CA$8 to as high as CA$1,500. Online casinos will offer players these bonuses and allow them to use the money to win as much as they can within a certain period of time and will allow them to keep whatever they win up to a certain amount (usually between CA$40 and CA$150). These bonuses have a range of different wagering requirements depending upon the casino. One casino may require some number of play-throughs while another casino might require that a minimum first deposit be made.
As you play at the casino, you will be periodically awarded with special bonus gifts and if you participate in races and tournaments then you will also encounter bonus prizes. When you receive a CA$50 bonus gift from a casino, they will always have wagering requirements attached to them. These wagering requirements typically require a player a player to earn a certain number of Comp Points or Loyalty Points at the casino before the money is available for withdrawal. When you consider that players earn Comp Points as they wager in real money games at the casino, it is more or less the same as a play through.
Wagering Requirements Vary From Game To Game
It is important to note that not all games contribute equally towards wagering requirements and play-through. This is fairly logical when considering that not all games offer the same payout percentages. The games with the greatest house advantage have the greatest value for online casinos; thus, they make a larger contribution towards wagering requirements. Slots Games always carry the best house advantage and thus 100% of each wager made in Slots Games will count towards the wagering requirements regardless of which online casino that you play at.
On the other end of the spectrum is Blackjack. Blackjack offers players some of the best odds i.e., the lowest house advantage. It is for this reason that most online casinos will only count 2% of wagers made playing Blackjack towards wagering requirements. In other words, if you make a CA$100 wager in Blackjack then only CA$2 of the wager will count towards the wagering requirements.
Welcome Bonuses can prove an incredible opportunity for players to pad their burgeoning bankrolls. But, it is important to keep in mind that these Welcome Bonuses, as all bonuses, have wagering requirements attached to them. Wagering requirements are a necessity; otherwise, there would nothing to stop someone from making a first deposit, collect their bonus and then withdraw all of their funds from the casino.
Giving away money to everyone is simply not an effective business model. Wagering requirements are in place so people won’t simply take the money and run and also to keep people playing and happy just like comps at land-based casinos. The point is that not all of the 2,000+ online casinos in the industry are trustworthy and reliable. It is important that you check the terms and conditions of any bonus before you take advantage of them.
All of the Canadian online casinos that have made it to our list offer great bonuses with very reasonable wagering requirements.
FlowPlay to Release 7 Seas a Social Free-to-Play Online Casino
Players around the world who are still stuck at home due to the current pandemic…
Study Shows Online Gambling Soared During Covid-19 Across Canada
It seems like an eternity since the global pandemic began at the start of 2020.…
Top 5 Casino Games Being Played Across Canada
It’s no secret Canadians love to Gamble. With land-based casinos all around the country and…
The Rise of Bitcoin in Canadian iGaming
It’s no secret that online gaming is quite popular in Canada in 2021. In fact,…
How to Become an Online Casino VIP Player?
Whether you are new to online casinos or you’ve been playing for years we’ve all…
How to gamble safely at Canadian online casinos in 2020
In the past few months online casinos have seen a big increase in new signups.…