When you sign up to an online casino today, you can claim a guaranteed new player welcome bonus, usually when you make your first real money deposit. The two most common types of bonuses that you are likely to come across are free spins bonuses and matching deposit bonuses, but which is better?
What is a matching deposit bonus?
A matching deposit bonus (aka match bonus) is a unique online casino bonus that rewards the player just for making a real money deposit. You can find 50% matching deposit bonuses, 100% match bonuses (the most common match bonus value), 150% match bonuses, and even 200% match bonuses. If you receive a 100% match bonus, it means that the casino operator will match your deposit by up to 100%, which means that you are doubling up on your deposit.
If you just claimed a 100% match bonus worth up to C$500, then it means that you can get up to C$500 in free bonus money. Therefore, if you deposit just C$50, you will end up with C$100 to play with (which includes your initial C$50 deposit + C$50 bonus money), and if you deposit the full C$500, you will end up with C$1,000 to play with, and so on.
What is a free spins bonus?
Another common bonus is the free spins bonus. When you sign up for any fully licensed online casino Ontario has to offer, the operator of that casino might be offering all new players, say, 10 spins, to try out a specific online slot in the real money mode. Alternatively, some online casinos give new players 1 free spin for every C$1.00 they deposit up to a certain amount (usually no more than C$50.00). The exact type of free spins offered will vary from one online casino to the next.
What are online casino bonus wagering requirements?
When you accept an online casino bonus, whether it’s a free spins bonus or a matching deposit bonus, it comes with what is otherwise known as the wagering requirement. Some online casinos refer to this as the playthrough or rollover requirement, which you generally cannot avoid when claiming a bonus.
In short, it’s the amount of cash you have to wager before you can withdraw any winnings you have made from your bonus. If bonuses didn’t have wagering requirements, casinos would quickly go out of business because many players would withdraw their free money and spend it elsewhere. Remember, the lower the wagering requirements are, the better it is for you as a player, and you will often find that you normally have to wager anywhere from 10x times the bonus amount up to 50x or more the bonus amount. Don’t forget that your wagering requirements usually also include having to wager the initial deposit amount.
Are online casino bonuses worth claiming?
Yes. Online casino bonuses are definitely worth claiming. It’s free money, so what’s not to like? Some people get lucky and end up with a certain amount of winnings left over after completing their wagering requirements. If you are one of those lucky players, your winnings will be added to your main balance, and they will no longer be restricted in any way.