Before we identify the best casino bonuses that offer generous and fair rewards for Canadian players, let’s find out what qualifies a casino bonus to be the best one.
Given that not all casino bonuses are created equal, some factors that you need to consider when choosing a casino bonus are:
●The bonus amount and percentage. This is how much extra money or spins you can get from the casino bonus. Usually, the higher the amount and percentage, the better the bonus. However, you also need to check the minimum deposit required to claim the bonus and the maximum amount you can cash out from the bonus winnings.
●The wagering requirements. This is how many times you need to play through the bonus amount or winnings before you can withdraw them. For example, if you get a $100 bonus with a 40x wagering requirement, you need to bet $4,000 before you can cash out. The lower the wagering requirement, the easier it is to clear the bonus.
●The game contribution. This is how much each game counts towards meeting the wagering requirement. For example, slots usually contribute 100%, while table games or live casino games may contribute less or nothing at all. It is better to choose a bonus that allows you to play the games you enjoy and contribute more to the wagering requirement.
●The time limit. This is how long you have to use the bonus and complete the wagering requirement. For example, some bonuses may expire in 24 hours, while others may last for 30 days or more. It is better to choose a bonus that gives you enough time to play and win.
Compare the best casino bonuses like a pro
We are aware that all the casinos compete for new players with so many different bonuses and each day there are added new offers that may confuse anyone that tries to find out what to choose. The bonuses list is very long and continuously updating and we understand it is hard to keep in the line. That’s the main reason we added a brand new feature for our site, an entire section dedicated for lets say, pretentious players ☺
This specific tool it’s called CASINO COMPARE and we made it easy-peasy to use it. Once you select a casino, just pick a second one and press “compare”. It goes smoothly and is nicely displayed.
Now that you have a clear vision over the bonuses, we want to share with you how we evaluate the casino offers. So, we are looking into many factors, as below:
●The expected value. This is the amount of money you can expect to win or lose from the bonus on average. You can calculate the expected value by multiplying the bonus amount by the probability of winning and subtracting the amount you need to wager. For example, if you get a $100 bonus with a 40x wagering requirement and a 95% return to player (RTP) rate, the expected value is ($100 x 0.95) - ($100 x 40) = -$3,050. This means you can expect to lose $3,050 from the bonus on average, which is not worth it.
●The casino features: such as license, time on the market, how the platform looks and feels, what are the games available, how easy can you sign up, what are the available payment methods, how easy can you withdraw the winning and many more aspects
●The volatility. This is the amount of risk or variance involved in the bonus. The higher the volatility, the more unpredictable the outcome of the bonus. We measure the volatility by looking at the RTP rate, the game contribution, and the maximum bet limit. For example, if you play a slot game with a high RTP rate, a high game contribution, and a high maximum bet limit, the volatility is low, which means you have a higher chance of clearing the bonus and winning. However, if you play a table game with a low RTP rate, a low game contribution, and a low maximum bet limit, the volatility is high, which means you have a lower chance of clearing the bonus and winning.
●The fun factor. This is the amount of enjoyment or satisfaction you get from the bonus. The fun factor is subjective and depends on personal preferences and goals of the tester. For example, if you are looking for entertainment and excitement, you may prefer a bonus that offers free spins, cashback, or tournaments. However, if you are looking for profit and security, you may prefer a bonus that offers no wagering requirements, no deposit, or loyalty rewards
To summarize, we consider the offers we test as the best bonuses if they have a positive expected value, great casino features, a low volatility, and a high fun factor. You can use these criteria to compare different bonuses and pick the ones that suit your expectations.
● Not reading the fine print. This is the most common and most damaging mistake that you can possibly make when accepting and using a casino bonus. You should always read the terms and conditions of the bonus carefully, so that you know the wagering requirements, game contribution, time limit, maximum bet limit, minimum deposit, maximum cashout, and other rules that apply to the bonus
●Trying to withdraw early. Another common mistake is to try to cash out your bonus or winnings before meeting the wagering requirements. This will usually result in forfeiting your bonus and any winnings associated with it. You should always check how much you have wagered and how much you have left to wager before requesting a withdrawal
●Making low deposits. Sometimes, the casino bonuses require a minimum deposit to qualify for them. If you deposit less than the required amount, you may not be able to claim the bonus or get the full value of it. For example, if the bonus is a 100% match up to C$100 and you deposit C$10, you will only get a $10 bonus instead of C$100.
●Choosing the wrong games. Some casino bonuses are restricted to certain games or categories of games. For example, some bonuses may only be valid for slots, while others may only be valid for table games or live casino games. If you play games that are not eligible for the bonus, you may not contribute to the wagering requirements or even void your bonus.
●Ignoring the time limit. Most casino bonuses have an expiration date or a validity period. This means that you have a certain amount of time to claim, use, and wager the bonus before it expires. If you don’t use the bonus within the time limit, you may lose it and any winnings from it. You should always check the time limit and use the bonus as soon as possible