Best First Deposit Bonuses in Canada
First Deposit Casino Bonuses: Top Picks
What are first deposit casino bonuses?
First deposit bonuses, also known as welcome bonuses, are promotional offers provided by online casinos to new players who make their initial deposit. As the name suggests, these bonuses are only available for players who are making their first deposit at a particular online casino.
It is only available for new players who are joining a casino for the first time. The bonus typically provides players with additional funds, as it matches the deposit amount to a certain percentage or free spins that can be used to play casino games. It is often the mix of the deposit match offer with some free spins amount.
Here’s how a first deposit bonus typically works at online casinos:
- Player creates a new account at an online casino.
- The player makes a minimum required deposit into their account.
- (Optionally) The player need to opt in for a bonus
- The casino matches a percentage of the player’s deposit up to a certain amount (if applicable)
- The bonus money and/or free spins are added to the account.
- The player can use the bonus funds to play casino games.
Benefits of activating a bonus after your first top up
There are several benefits of first deposit bonuses for players:
- More gameplay: Players can use the bonus funds and/or free spins to play more games than they would have been able to with their initial deposit alone.
- More chance to win: With more funds to play with, players have a higher chance of hitting a big win.
- Low risk: With the bonus funds, players can enjoy a low-risk gambling experience without risking too much of their own funds.
- Try new games: Some first deposit bonuses may be tied to specific games, which allows players to try out new games they may not have otherwise played.
Common terms and conditions applied to 1st deposit casino bonuses
For players looking for the best first deposit deals, it’s crucial to read and understand the terms that come with the bonus. Here are some things to consider:
Almost all first deposit bonuses have wagering requirements, which means players must wager the bonus amount by a multiple before they can withdraw winnings. Typical requirements are around x30 or x50, for example. Players should be sure to check the wagering requirements before claiming the bonus.
Some first deposit bonuses come with a cap on the amount of winnings that can be earned using the bonus funds. For instance, the bonus may come with a winnings cap of $100, which means that players cannot withdraw more than $100 of winnings from the bonus funds.
Some first deposit bonuses may come with restrictions on which games can be played using the bonus funds. For example, certain games may be excluded from the bonus offer or may not count towards meeting the wagering requirements.
Some games are usually excluded from the bonus offer. Be sure to read the terms and conditions to see if your favorite games are included before signing up.
The highest allowed bet
Many bonuses come with a maximum bet limit. Players who exceed this limit may void their bonus and any winnings.
Minimum deposit amounts
To qualify for a first deposit bonus, players must typically make a minimum deposit. Be sure to check the minimum deposit amount before claiming the bonus.
Time limit for a bonus
Most first deposit bonuses have a time limit in which the wagering requirements must be met. This time limit can vary from a few days to several weeks, so it’s important to be aware of the time limit before claiming the bonus.
By understanding and considering the terms and conditions of a first time deposit bonus, players can make an informed decision about which first deposit bonus offer is best for them.
The Best “first deposit” Bonuses in Canada
Here at Wagering Advisors, we consider the following casinos to have the best first deposit bonuses in Canada:
Bonus offer: first deposit bonus match up to 140% up to C$500 in bonus cash
This is a smaller online casino, but it has a great welcome offer of up to 140% match bonus up to C$500 on your 1st deposit. Besides this, there is a good selection of game providers as well as tournaments and live dealer games. There is also live chat support round the clock. This is the best first deposit casino bonus we have found currently!
Bonus offer: 100% first deposit bonus up to 500 С$ + 100 Free spins on top
This online casino offers a 100% first deposit bonus up to 500 С$ and 100 free spins. It was established in 2021 and features a wide variety of games from top providers like NetEnt, Microgaming, and Evolution Gaming. Besides their first deposit bonus, there are also regular promotions for existing players, including reload bonuses and cashback offers.
First deposit bonus offer: 80 Free spins for a 1 dollar top up
This online casino offers Canadians 80 Free Spins for a 1 dollar first deposit, which is a fantastic offer that appeals to all players. The website has an astrological theme and offers a range of games, including progressive jackpots like Mega Moolah. The casino also has a dedicated customer support team available 24/7.
Bonus offer: 100% match up to $500 + 100 Free spins after the first deposit
This online casino offers an impression welcome bonus with a matched first deposit 100% up to $500 + 100 Free Spins. One of the standout features of Stay Casino is its live dealer games. The casino has a large selection of live dealer games, including popular titles like blackjack, roulette, and baccarat, as well as more niche options like Dream Catcher and Mega Ball.
Yukon Gold casino
First deposit bonus offer: 150 Free spins for a minimum $10 initial top up
This online casino is a solid choice for players looking for a reputable and established casino. One of its standout features is its welcome bonus. New players can receive 150 Free spins for $10 on their 1st deposit. There’s also a great loyalty program for existing members where you can secure a casino bonus after the first deposit.
Pros and cons of First deposit bonuses
Here are some potential pros and cons of first deposit bonuses:
- Increased bankroll: The primary benefit of a first deposit bonus is that it increases a player’s bankroll, allowing them to play more games or make larger bets than they would otherwise be able to.
- More playtime: With more money to play with, players can enjoy a longer gaming experience, which can lead to more entertainment and potentially more chances to win.
- Opportunity to try new games: A larger bankroll can also allow players to try out new games or betting options that they might not have been able to afford otherwise.
- Incentive to join: First deposit bonuses are often used as an incentive to attract new players to a casino and can be a valuable tool for building customer loyalty.
Cons and red flags:
- Wagering requirements: One of the biggest downsides of first deposit bonuses is that they often come with wagering requirements, which means that players must wager a certain amount of money before they can withdraw any winnings earned from the bonus.
- Expiry dates: Many first deposit bonuses have time constraints, requiring players to use the bonus within a certain period of time. If a player doesn’t use the bonus before the deadline, they may lose the opportunity to do so.
- Limited games: Some first deposit bonuses may be limited to specific games, which means that players may not be able to use the bonus on their preferred games.
- Restrictions on withdrawals: Some first deposit bonuses offers in Canada may have restrictions on how much money can be withdrawn at once or may require players to make additional deposits before they can withdraw any winnings.
First deposit bonuses can increase a player’s bankroll, allowing them to enjoy more games and potentially win more money. They also offer an incentive for new players to join a gambling website and can provide an opportunity to try out new games.
However, it’s important to carefully read the terms and conditions to ensure that the bonus is a good fit for your gaming preferences and budget. If you’re looking for a first deposit bonus in Canada, we make sure to keep our lists of the best first deposit casino bonuses out there up to date.
Check out our curated list of casino bonuses in Canada for more deals.
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