With online casinos becoming increasingly popular, it should come as no surprise that hundreds of bonuses are available to new players. There are several different types of bonuses; however, the most common is a deposit match bonus. It means that for every dollar you deposit into an account, the casino matches the amount with their own money to increase your bankroll.
You may be wondering how much of a bonus you can expect. Some casinos offer as little as 100% deposit match bonuses, so if you deposited $100, you would have a total of $200 to start playing. On the other end of the spectrum are sites that offer a 500% casino bonus on your first few deposits. If you were to deposit $100, you would receive an additional $500. That’s right —for every dollar you deposit, the site will give you an extra five dollars.
Below is the list of the best 500% casino bonuses in Canada:
List of 500% Casino Bonuses
|Casino Name||Bonuses||Special Features||Banking Methods|
|Ice Bet Casino||Sign up and receive 500% up to C$3,500||Easier-to-meet wagering requirements.||Discover, Master card, Interac, JCB, Neteller, MiFinity, Paysafecard, Visa, Skrill|
Neon Vegas Casino
|Deposit up to C$500 Max first deposit and get a 500% bonus||Many payment methods.||Neteller, Visa, Skrill, Ecopayz, Mastercrd, Sofort Banking, Instadebit, Rapid transfer, Interac, Nordea, Trustly, iDebit, Venus oint Aktia, OP Bank|
|Crazy King Casino||Spin the bonus wheel with the first deposit promotion and get 100% to 1000% bonus||Card games and progressive jackpots.||Mastercard, Paysafe card, Maestro, Paypal, Visa, Pay by Mobile|
|Crystal Slots Casino||Get a welcome bonus between 100% to 1000% on mega reel||Well-structured bonus package and Microgaming games.||Master card, visa, Maestro, Paypal, Paysafe card, Pay by mobile|
|Spin Hill Casino||Deposit C$20 and get 100% to 1000% match bonus||Several payment options.||Payviaphone, Paysafecard, QIWI, Zimpler, Euroset, Quick Pesa|
|Jackpot City Casino||Get a welcome bonus of up to $1600||User-friendly site.||Neteller, Visa, Interac, Masteracard|
|Spin Samorai Casino||Get $2000 bonus and 150 free spins||Several games from known developers.||Visa, MasterCard, EcoPayz|
Assuming that the bonus is a welcome gift, it means that for your first few deposits, you can play more games with bigger stakes because of this generous offer. It’s important to understand the terms attached to these bonuses before signing up. Most casinos have play through requirements that you must meet before cashing out winnings from a deposit match bonus. To withdraw, you may have to wager up to twenty or thirty times the amount of the original bonus provided.
What these gambling sites are looking for is for you to play as much as possible, and since they’re leveraging their money, it’s in their best interest to have you playing as long as possible. In some cases, these bonuses can be used as a form of marketing because the casino purchases your attention with their free money. If you’re looking for a 500% deposit bonus or want to find out what casinos offer the best deals in terms of welcome bonuses, there are several websites available where you can compare your options.
Again, the bonuses help attract new players so that you can expect generous offers. If the casino is trying to grow its clientele, it will provide as much incentive as possible. Newbies and veterans alike will find a welcome bonus to suit their needs and bankrolls. There are hundreds of casinos available, and each has the goal of attracting new players through generous bonuses. If you want to take advantage of these types of offers, survey your options before making your first deposit; this will save you time later on when you’re looking for bonuses.
How Does Bonus System Work?
To get a bonus, you must make a deposit. Choose a bonus and click on “Accept” on the next screen. The bonus will be available to use immediately. You can play with both – your own money and deposited funds. These bonuses have some conditions depending on the casino. For instance:
- You cannot cash out any wins from the free spins. Winnings from free spins have to be played through 50 times.
- You must match the minimum deposit to be able to withdraw. For example, if you deposited $10, you can withdraw only at least $10.
- To meet play through requirements, wager your bonus thirty times before making any withdrawals.
- The welcome offer is non-cashable. No cash out will be applied for this first withdrawal.
Types of 500% Deposit Bonuses
Depending on the casino, the welcome offer may vary. However, they can be broken down into a few types:
On First Deposit
A first deposit bonus is a popular choice for new players. It’s especially useful because you’re going to get a nice amount of money added to your account, which you can use to play casino games. You will need to make a real money deposit, and the casino will add the corresponding bonus afterward.
In Welcome Package
The package is one of the most popular bonuses as it’s intended to incentivize new players to sign up for an account and make their first deposit. A 500 welcome bonus casino is different from a first deposit bonus in that it comprises multiple offers. A casino may offer you cash back, free spins, and an additional percentage on your deposits. The bonus can range from 100% to 500% but offers as high as 1000%. The 500 casino welcome bonus will be added to your account when you make a qualifying deposit after opening an account with the casino.
On Free Spins
A no-deposit bonus, or sometimes called a free spins bonus, is given to players without them having to put in any money of their own. These are perfect for players who want to try the casino games without making a deposit. You can use free spins on any slot machine, and most casinos do not offer these kinds of bonuses for table games or video poker machines.
On Loyalty Program
Casinos want to make sure that returning players are happy with their casino experience. If you visit the same site repeatedly, they will reward your patronage by offering a loyalty program. Each time you play games for real cash, you will receive rewards based on your amount of play via a loyalty point system. When you have enough points, your loyalty account will get credited with cash or other rewards.
How to Claim Your 500% Deposit Bonus?
When you’re trying to claim your 500% deposit bonus, there are a few steps that you should take.
The first thing you should do is find casino offers at other reputable casinos. There are plenty of good options for free bonuses, but the best ones come with terms and conditions attached. That means they will have playthrough requirements or wagering requirements. Once you find a site that offers the bonus you want, it’s time to sign up for an account. You will need to enter your details, but if you use an alias or fake information, there won’t be any problem. If you’re caught, using false information may not get your winnings, but there’s no reason to tell the casino your true identity. When you’re ready to transfer funds, enter the amount you want in Canadian dollars along with your personal information.
Be sure to read through the terms and conditions of the bonus to avoid misunderstandings. Some playthrough requirements are very high, but other bonuses don’t require you to play through them at all. Once you’ve finished claiming your 500% deposit bonus, you can start playing for real money. The casino will add your winnings to your account once you’ve finished playing, and you’re free to keep what you’ve won.
Pros and Cons of 500% Deposit Bonuses
While deposit bonuses are a great way to get extra money, drawbacks are also. The first is that you have to deposit to use the bonus. If you don’t have enough funds in your account, you cannot take advantage of the offer. It would be best if you always planned to deposit money into your account. It may also be difficult to withdraw any winnings if you’ve met the playthrough requirements of the bonus. Your casino will have its own rules regarding how long it takes for you to clear your bonus, but some playthrough requirements are very high.
However, there are benefits to getting a 500% deposit bonus. Instead of receiving $100, you’re getting $500 to play with for free, which is very helpful if you don’t have any funds in your account. That means that it’s possible to use the money you deposited earlier to get started. Even though playthrough requirements are higher on some sites, there are no wagering requirements. That means that you can withdraw any winnings that you make along with your deposit bonus.
- What is a 500% Casino Bonus?
- A 500% casino bonus is a deposit bonus that requires you to deposit $50 and gives you $250 to play with for free on the site.
- How common are 500% casino bonuses in Canada?
- There are plenty of sites that offer large deposit bonuses for Canadians. As such, it’s easy to find a 500 match bonus casino.
- How to Find a 500% Bonus Deposit Casinos?
- You can find a list of Canada’s best casinos that offer large deposit bonuses by looking online for Casino Reviews located on review sites such as Google.
- What is a Wagering Requirement?
- Wagering requirements are the set of rules that determine how much you need to play before you can cash out any winnings. Since this varies between casinos, it’s best to double-check before playing at a casino with high wagering requirements.