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Are online casino bonuses worth it? Guide To Online Casino Bonuses in Canada

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Daniel King / 2021-12-28

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If you have ever played at a Canadian online casino , you’d be familiar with bonuses that are included on most websites and integrated in games. These bonuses are rewards such as free plays and bonus credits. However, many Canadians still wonder if these perks are just a part of a casino tactic and whether they are really worth it. We will try to cover these issues in this blog post.

Best Canadian Casinos to Play Online in 2022

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How do bonuses work at online casinos?

There are various types of bonuses at online casinos; each has its benefits, which can help you answer the question: “Are online casino bonuses worth it?”.

Take a look at how some bonuses work and decide if they are worth it or not.

Welcome Bonus

A welcome bonus is a bonus you can get at some online casinos when you first sign up. Casinos offering a welcome bonus will usually credit a particular amount of money to your online account after signing up and verifying it.

Welcome bonuses are worth it if you are trying out a new online casino for the first time; it’s a great way to give the casino games a test run before you start depositing and playing with your own money.

Deposit Bonus

Deposit bonuses are bonuses that online casinos offer if you deposit a certain amount of money. For example, if you deposit $50, the casino will credit your account with an extra $50.

Deposit bonuses are worth it for the fact that they give you more money to play with on top of what you have already deposited. But sometimes, they aren’t worth it if the deposit amount is higher than you should risk.

Free Spin Bonus

Free spin bonuses are in-game bonuses, where you are given free spins in a specific game. For example, if you play an online slot game and 3 matching free spin symbols pop up, you might receive ten free spins. So you get to play for free ten times and won’t be using your available funds.

casino bonuses worth it

Free spins bonuses may or may not be worth it. Sometimes, you could get ten free spins and not win a single dollar from them, but there’s also a chance you will win a significant amount from the free spin.

High Roller Bonus

High roller bonuses are given out to people who like to place large bets. People willing to risk huge amounts of money on gambling make the casinos a lot of profit, so they will give them extra rewards to make them stick around.

High roller bonuses are only worth it for those who can afford to risk large amounts of money. Getting high roller bonuses will cause more damage than good if your gambling budget is lower.

Cashback Bonus

Cashback bonus is a type of bonus where the casino gives back the player a specific amount of the wager. An example of a cashback bonus would be a casino offering to give back 5% of what the player wagered on a specific day or during a particular week. So if a player wagered $100 total on that particular day, the casino would give him back $5.

Cashback bonuses are worth it if you want to get more playing out of your deposited money. They may not be worth it if you end up playing through all of it and don’t win any excess winnings.

No Deposit Bonus

No deposit bonuses are the great type of bonuses casinos offer to players usually to try out a new game. The casino will credit the player a specific amount to play on the new game, hoping they will enjoy it and deposit their own money to play it more.

No deposit bonuses are only worth it if you enjoy the game that the casino gave a deposit for. It’s a great way to test out a new game you’re interested in.

Things to be careful about when using online casino bonuses

Some online casinos in Canada require that you should wager a specific amount to be eligible for the bonus. For example, you might only be eligible to win free spins if you bet $1 or more.

Another thing to remember when you receive bonuses while playing gambling games is that the house edge will still be valid. The house edge means that the casino has more odds of winning than the player. So the casino is likely to win back the bonus they gave you.

The Downsides Of Online Casino Bonuses

Although bonuses always sound like a great thing to receive, and like they might give you the best odds of winning in online casinos in Canada, there still have some pitfalls.

Welcome Bonus Pitfalls

One of the biggest pitfalls of welcome bonuses is that many people believe that the welcome bonus is free money. It’s not free money; the casino just gives you free chances to play. Some people think they can sign up to receive the welcome bonus and then withdraw the money, but that is not the case. The welcome bonus has to be used on the online casino website; otherwise, it’s useless for anything else.

Another pitfall of welcome bonuses is that you might lose your bonus if you win money and want to withdraw it. For example, you signed up for an online casino and were given a $50 welcome bonus, and then you win $500 after you played through $10 of your bonus. In your account, you would have $540, $40 is what’s left of the welcome bonus, and $500 is what you won. You can only withdraw $500, but you might also lose that leftover $40 of the bonus when you do.

No Deposit Bonus Pitfalls

The main pitfalls of no deposit bonuses are that they can only be played in certain games. So if you have a favourite game, but it’s not the one the deposit was for, you cannot use it in your favourite. If you end up hating the game the bonus was given and refuse to play it; then the bonus will be a waste.

Another pitfall of no deposit bonuses is that the bonus is not free money. You cannot withdraw what you were given as a no deposit bonus, and you must play it in the online casino game.

Free Spins Pitfalls

One of the pitfalls of free spins is that the money won from them is given to you as bonus cash; hence they are not withdrawable. Therefore, you should look at the terms and conditions of the casino to see what their rules are around free spin winnings.

Verdict

Casino bonus offers are a great way to make gambling more fun. Casinos offer them to keep you interested and playing more. So are casino online casino bonuses worth it? Yes, as long as you know what you will get out of it and play responsibly.

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FAQ

Do bonuses increase my online casino odds of winning?

No, they do not increase your odds of winning. The bonuses will give you more chances to win or lose, but your odds of winning will remain the same as without the bonus.

Are online casino bonuses worth it if I can’t withdraw them?

The bonuses are worth it if you want to play more without spending your own money; you could win real money from using the bonuses.

How do casinos afford to give out so many bonuses?

Casinos can afford to give out so much in bonuses because the casino always wins in the end. So they will make a profit off giving you free credit and plays.