Online casino bonuses: what are they and how to use them

The competition in the online casino industry is harsh and brutal: there are tens of thousands of casinos but the number of customers is limited. An online gambler can navigate dozens of casinos within a few minutes – customer loyalty is very low. Therefore, all online casinos organize various promotions to attract new customers and increase customer loyalty. These promotions are simply known as “bonus”. Their numbers and varieties are quite high. Many of them award making a deposit but there are many other types too. There are two things you should know about casino bonuses: First, if you know how to use them correctly, you can get a big advantage. Second, you should always pay attention to the "small prints" in terms & conditions. Even a beginner can create a solid starting capital thanks to bonuses. In this article, we will explain what casino bonuses are and talk about what you need to pay attention to.

Casino Bonus Types: What to Expect

You can visit the Vulkan casino bonuses page to see a sample list of all the common offers. In general, we can divide casino bonuses into two main categories: the ones that require a deposit and the ones that do not. Let’s start with the latter.

• No Deposit Bonus: You can win a small cash balance or a couple of free spins when you join the casino. As can be guessed from the name, you don’t need to make a deposit: You get these rewards right after completing the registration. You can immediately use your spins & balance and if you win a prize, it is yours to keep.
• Cashback Bonus: You need to lose in order to qualify for this bonus. Once again, a deposit is not needed, you must lose a certain amount of money. The casino refunds a certain percent of your losses (i.e. 20%, up to 300 CAD) on a constant basis. For example, you can get a refund every Monday for your losses that happened in the previous week.

In general, we can also say that these are the most advantageous casino bonuses you can use. The reason is simple: With the no deposit bonus, you get to try the online casino personally without making a financial commitment. If you don’t win a prize or simply don’t like the casino, you can move on: After all, you did not make any financial commitment. In this context, no deposit bonuses are the perfect option to learn more about an online casino: You can play for real without making a deposit and find out what to really expect. Cashback bonuses are useful too because they do not have a wagering requirement most of the time: You can withdraw the refund immediately or use it to play more games. This is an advantage that cannot be seen in other bonus types.

Bonuses Requiring a Deposit

The majority of casino bonuses, on the other hand, will require making a deposit. These are:

• First Deposit Bonus: This one is also known as “welcome bonus” (or sign up offer). It can be used only once and by new members. The casino matches your first deposit amount by a big percent, i.e. 200% and up to 500 CAD. So, for example, if you deposit 10 CAD, the casino will give you another 20 CAD. Most of the time, a couple of free spins will be included in the offer.
• Deposit Bonus: The casino will match all of your deposits but by a smaller amount, i.e. 25% and up to 50 CAD. Unlike the welcome offer, this bonus affects all your deposits and it can be used multiple times.

Wagering Requirement Is the Key

When picking a bonus, you must first take a look at the wagering requirements – that’s the key to making money with casino bonuses. These requirements can be found in terms & conditions of the bonus and they will determine how much money you need to wager in order to unlock the bonus. For example, if your bonus is 20 CAD and the wagering rate is 30x, you need to wager 600 CAD (20 x 30) on games in order to unlock the bonus. There are websites that list Canadian Casino Bonuses 2021, helping players get their game on right away. 

As can be guessed, you should aim for lower wagering rates: Higher ones will take much longer to complete. Overall, you should prefer bonuses with 20x – 40x wagering rates to get a fair deal. So, the first thing you need to do is checking the term & conditions of the bonus and finding out how much money you need to wager: This is how you get a real advantage.