On top of our own personal experience, Best Online Casinos Canada is partnered with nearly 100 casinos, giving them feedback on their websites, and do consulting for Casino startups that don’t know where to start.
So your looking for the best possible online casino with the best possible deposit bonus?
Be careful because looks can be deceiving.
There are two types of deposit bonuses, one being a sticky deposit bonus, and one being a non sticky.
Sticky Deposit Bonus
A sticky deposit bonus is a bonus that is tied to your deposit, meaning that you cannot cash out anything until you meet the wagering requirement. These types of bonuses are generally a lot larger, sometimes 200% or even 300% of your deposit. The casino knows that even if you win big right away, you will still have to do a lot of gambling before you can cash out.
Non Sticky Deposit Bonus
These are the best types of deposit bonuses, but you generally get a lower bonus percentage on these types. Even though you aren't getting as big of a bonus, the reason non sticky bonuses are better is because you can cash out your winnings if you win right away. The reason I like this type of bonus so much is, I only have bonus money to lose, but can still win big! if I lose my initial deposit money and only have bonus money left, that is all money that I wouldn't have had otherwise. But, if I win big, I can cash out right away with a big payout - and the only thing I lose is the extra bonuses money.
Wagering requirements are very important to look at closely before using a deposit bonus. There are two different types. One is you have to meet the wager requirement with both the money you deposited and the bonus money, and the other the requirement is only placed on the bonus money.
Keep in mind that some sites have much higher wagering requirements then others, some deposit bonuses will only require 25x your money rollover, where others will require 50x your money, and the deposit money! That means even if you only deposited $100 and were matched $100, you would have to wager $10,000 before you could cash out.
I personally try to stick under 35x as a wagering requirement, because anymore then that and it doesn't make mathematical sense.
Think about it this way, if you have a $100 and the games you like have an average of 95% return to player, every time you bet that 100$ you are likely to lose $5, now if your wagering requirement is doing that 50 times, you aren't likely to cash out anything. That is over simplifying the math but it is still close to the reality.