What Types of Online Casino Bonuses Are There?

If you want to claim an online casino bonus at a fully licensed and regulated iGaming site but don’t know what to claim, you’ve come to the right place.

Today, there are thousands of online casino bonuses worth claiming, but most of these bonuses fall into one of four different bonus types – deposit bonuses (aka matching deposit bonuses), no deposit bonuses, free spins bonuses, and cashback bonuses.

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If you want to claim an online casino bonus at a fully licensed and regulated iGaming site but don’t know what to claim, you’ve come to the right place.

Today, there are thousands of online casino bonuses worth claiming, but most of these bonuses fall into one of four different bonus types – deposit bonuses (aka matching deposit bonuses), no deposit bonuses, free spins bonuses, and cashback bonuses.

What are the main types of online casino bonuses?

Operators offer online casino bonuses for many different reasons. However, the main reason they offer new players some kind of guaranteed welcome bonus (aka sign-up bonus) is to entice that player to register an account with them.

The four main types of bonuses you will most likely come across in 2024 at today’s best desktop computer and smartphone casinos are the following:

  1. Deposit bonuses (also known as matching deposit bonuses)
  2. No deposit bonuses
  3. Free spins bonuses
  4. Cashback bonuses

When you have claimed your new player welcome bonus, you can also then look forward to plenty of other ongoing promotional offers and bonuses as an existing member throughout the year.

For example, some online casino operators will drop a certain amount of free spins to try selected online slots, or perhaps a small cash bonus into your account on your birthday, or as an anniversary bonus each year to celebrate the day you first signed up to the casino.

Each online casino operator is different in terms of what bonuses and promotions it offers to both new and existing members.

Some online casino operators may reward you with a bonus just by using a certain payment method to deposit, whereas others may randomly drop the occasional bonus into your account as a way to say thank you for your loyalty and playing regularly with them, which may or may not be part of the casino’s VIP loyalty rewards program.

Where can Canadian players find the best online casino bonuses?

You can now find a comprehensive list of the best online casino offers for Canadian players by visiting the globally renowned Casinos.com iGaming review site. Their dedicated team of researchers have spent countless hours scouring the internet searching for the most lucrative Canadian online casino bonuses.

Before they recommend which bonuses to claim and which casinos to register a new account with, each site is expertly reviewed using the same tried-and-tested vetting process.

Visiting sites like this with details about hundreds of the latest bonuses saves you from having to search for bonuses yourself at online casinos that may not be so trustworthy. Let’s now take a quick closer look at how some of the four main bonuses work.

Deposit bonuses

This type of bonus is awarded simply by making a minimum qualifying deposit into your account. It’s also known as a matching deposit bonus and often sees you doubling up on your deposit with the standard 100% match bonus.

You can also find 10%, 20%, 25%, 50%, 150%, and even 200% matching deposit bonuses. As soon as you have deposited, the bonus money should be in your account.

No deposit bonuses

The no deposit bonus is the most popular and elusive bonus. It’s credited to your account without you having to make a deposit to unlock the bonus.

The no deposit bonus can arrive in the form of a free cash bonus (perhaps a C$1.00 to C$20.00 free cash bonus) or as free spins (perhaps 1 to 50 free spins to be used on selected slots only).

Free spins bonuses

When free spins are credited to your account, they can usually only be used on selected slots, and each FS is usually only worth the minimum stake allowed on that slot (e.g., C$0.10 or C$0.20 per spin). You can use your FS in the real money mode, and any winnings you make from those 5, 10, or 20 FS are yours to spend when you have completed the wagering requirements.

Cashback bonuses

Some online casino operators give players a certain amount of cashback each day, week or month based on their total net losses during that time. At most online casinos that offer cashback, it’s usually around 10% of your total net losses.

Final note

It cannot be stressed enough just how important it is for online casino players to read the terms and conditions that are attached to the bonus before claiming any bonuses.

The Ts and Cs explain more about the wagering requirements, how much time you have to complete them, and exactly which games will help you complete them in as little time as possible.

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