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.
Casinos apply wagering restrictions to reduce the potential of bonus misuse and in turn reduce the financial loss to the operator. If there were no wagering requirements, players could claim a free bonus, withdraw the bonus funds and simply never visit the casino website again.
Wagering requirements essentially inform you how much you must gamble in order to cash out a bonus. Until you wager and play through this amount, the bonus cannot be withdrawn.
A $20 no deposit bonus, for example, has a 35x wagering requirement. This implies that before you can take home the $20, you must wager and playthrough $20 x 35 = $700.
Wagering requirements work in a different way for free spins. For example, if a free spins bonus has a wagering requirement of 10x, the 10x is multiplied with your winnings from the free spins to arrive at the wagering requirements.
Wagering requirements are sometimes solely applied to the bonus, but other times they are applied to both the bonus and the deposit amount.
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.
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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.
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Win caps are a limit on how much you can win from every round of game when you are playing with bonus free spins or bonus funds. Usually, they are applied to no deposit bonuses. The most common win cap limit is $5 per spin or hand.
Bet Size Limits
The casino may limit how much you can win by limiting how much you can wager, which is the main reason why bet size limitations are in place.
For example, if you have $15 in bonus funds from a no deposit offer but the maximum wager amount is $5, you cannot place a single $15 bet. However, you may place three $5 bets.
When you play with your own money that you have invested, you can play any game you prefer. However, as stated in the bonus terms and restrictions, you may only play certain games with casino bonus credits or free spins. These games are listed as “eligible games”.
Game Weighting Percentages
The fulfillment of wagering requirements is tied to game weighting percentages.
In essence, each game category will be assigned a weighting percentage. For example, the game weighting for slots could be 100%, whereas could be 25% for video poker.
So, if you spend $20 on a slot machine, the entire amount will be subtracted from your wagering requirement.
However, if you play $20 on a table game, just 25% of your stake contributes to the wagering requirements. In other words, your wagering requirement would decrease by $5.
Free spins and bonus funds will both expire after a specific amount of time. If you fail to wager them within that time, they are automatically forfeited.
This same expiry date can also pertain to the wagering requirements, which means that not only must you use all the bonus spins/funds before they expire, but you must also complete the associated wagering requirements in the given timeframe.