Bonus Terms for Canada Online Casino Bonuses
Only by fully understanding bonus terms and conditions will you be able to effectively assess and compare various casino bonuses in order to select offers that are suitable for you.
The bonus terms and conditions specify how a bonus works, how to claim it, and how to cash out bonus funds, among other things. The most frequent bonus criteria and how they function are explained in simple terms in the below sections.
Wagering requirements tell you how much you have to wager to cash out a bonus. And you will always have to play an amount equivalent to 30 to 70 times your bonus or free spin win to convert bonus funds to real money you can withdraw.
If casinos did not impose wagering requirements, players could claim a bonus, withdraw it and simply log out for good. Needless to say, this is not a feasible way to run an online casino business.
Wagering requirements are applied slightly differently depending on what offer you claim.
Illustrated below – how wagering requirements for free no deposit bonuses are calculated:
Brango Casino gives all players a $100 no deposit bonus subject to a 40x wagering requirement. This means you must stake an amount equivalent to 40x times your bonus to cash out your bonus winnings
Here’s how the wagering requirement is calculated:
$100 bonus x a 40x wagering requirement = You must wager $4000.
When you’ve wagered $4000 and completed the wagering requirement, the remaining funds your bonus balance are transferred to your cash balance. You can finally cash out your winnings!
And here’s how they apply to no deposit free spins:
Spin Casino welcomes new players with 100 Free Spins on Mystical Zodiac. The Free Spins have a 50x wagering requirement.
In this example, let’s assume you claim these Free Spins and win $100. Now, you must wager $5000 to convert the Free Spins winnings to real money you can withdraw.
Here’s a calculation that puts this into perspective:
$100 winnings x a 50x wagering requirement = You must wager $5000.
Once you’ve played $5000, the funds in your bonus balance are converted to real money and moved to your cash balance. Now, you can finally withdraw your Free Spins winnings.
Claim Your Bonus at Spin Casino
Exclusive100 Free Spins on Mystical Zodiac
This is how wagering requirements apply to a match bonus when only the bonus amount is subject to a wagering requirement:
National Casino rewards all new customer with a $20 match bonus. This bonus is subject to a 40x wagering requirement. This means you must stake an amount equivalent to 40x times the bonus to cash out any winnings.
Let’s assume you deposit $20 and receive the bonus. Now, you need to play $800 to turn the bonus funds into real cash you can withdraw.
Take a look at this calculation:
$20 bonus x a 40x wagering requirement = $800 to wager.
Once you’ve bet $800, any funds in your bonus balance is turned into to real money and moved to your cash balance. You can finally withdraw your bonus winnings!
See how wagering requirements apply to a match bonus when both the deposit amount AND the bonus amount are subject to wagering requirements:
Casino Extreme’s $100 match bonus is subject to a 27x wagering requirement. The wagering requirement applies to both the bonus and your qualifying deposit.
In other words, you must play an amount equivalent to 27x the value of your bonus and your deposit to withdraw your bonus winnings.
Let’s assume you deposit $20 and claim this bonus. Now, you must wager $3240 to convert the bonus funds to real money you can withdraw.
Have a look at this calculation:
- $20 deposit + $100 bonus = $120.
- $120 x a 27x wagering requirement = $3240 to wager.
So, when you’ve staked $3240, any funds left in your bonus balance will be converted to real money and transferred to your cash balance. Now, you can withdraw your bonus winnings!
Lastly, here’s how wagering requirements are computed when they apply to your free spin winnings and your qualifying deposit:
National Casino welcomes new players with 15 Free Spins on Mechanical Clover. The Free Spins have a 40x wagering requirement.
In this example, let’s assume you claim these Free Spins and win $100. Now, you must wager $4000 to convert the Free Spins winnings to real money you can withdraw.
Here’s a calculation that puts this into perspective:
$100 winnings x a 40x wagering requirement = You must wager $4000.
Once you’ve played $4000, the funds in your bonus balance are converted to real money and moved to your cash balance. Now, you can finally withdraw your Free Spins winnings.
Claim Your Bonus at National Casino
Exclusive15 Free Spins on Mechanical Clover
When playing with bonus free spins or bonus cash, win caps set a restriction on how much you may earn from each round of the game. They are usually applied to no deposit bonuses. The most frequent win cap is $5 every spin or $5 per hand, but this can vary at some casinos.
Bet Size Limits
The casino may limit the amount you may win by restricting the amount you can put up as a bet, which is why bet size restrictions even exist.
For example, if you have $15 in bonus cash from a no deposit promotion, but the maximum wager amount is $5, you may only place bets worth up to $5 and no more.
When you play with bonus credits or bonus free spins, you must stick to the eligible games listed in the terms and conditions.
Game Weighting Percentages
Game weighting percentages tell you the percentage of each stake that contributes towards your wagering requirement when you play a specific game.
Slots are usually 100%-weighted, which means an amount equivalent to your stake is deducted from your wagering requirement with every spin. So, if you bet $10, your wagering requirement decreases by $10.
Other game categories have game weighting percentages ranging from 0% to 20%. In other words, it is generally best to wager bonuses on slots.
Both free spins and bonus cash expire once a certain period of time has passed as specified in the bonus terms and conditions. Any bonus spins or funds in your account are voided once the validity period is over.
In most cases, the expiry period also applies to the wagering requirements. This means that you must complete the wagering within the allotted validity period too.
Choosing a bonus that gives you sufficient time to play and complete the wagering requirements is key to gaining any value from your bonus.