Gaming

Online Gaming: A Brief Guide to Understanding Welcome Bonuses and Offers

Published

2 years ago

August 1, 2022

Online gaming is a huge industry and every year it gets a little bit more popular. It feels that it is unstoppable and new businesses come online every year to try and get a share of the market. This is why new ventures such as Stake.com go live and flourish. They offer alternatives to established stars such as Bet365 Canada.

One strategy they use to get new players and compete with established online gaming businesses is the use of welcome bonuses and offers. One use of a Stake.com bonus code and a whole raft of possibilities opens up. Recently Bet365 reported a loss in revenues due to the suspension of sports during lockdown, and no doubt new competition coming online.

So if you’re in the market for a little online gaming, what can you expect from a welcome bonus similar to those offered by Bet365 Canada.

Welcome Bonus

The welcome bonus is an option after you create an account. It often takes the form of a match bonus where whatever you deposit up to a certain amount is matched by the business. This is often used by Bet365 Canada and has been copied by others ever since. So you put in $100 and you receive $100 from the online gaming site.

There are other bonuses such as ‘no deposit bonuses where you’re given a fixed amount just for joining but these tend to be rare.

The thing to remember with all bonuses is to check the wagering requirements. These are terms that you must satisfy for using the bonus. Where cash is involved a multiplier is applied to the bonus. You can only withdraw any winnings once you have staked the bonus x the multiplier. So if the terms state you have a multiplier of 10x and your match bonus is $100, you have to stake $1000 (10 x $100) before you can withdraw any winnings made.

Other terms may apply to free spins on slots, where you may have 20 free spins to use in a 24 hour period.

As such it is important to learn about the wagering requirements prior to using a bonus. You may not be able to satisfy the criteria to use it depending on your circumstances, and it may not be right for you depending on how often you get to play.

Offers as Seen on Bet365 Canada

Other bonuses may be part of a loyalty program. Once a gaming site has you they want to keep you so it makes sense that they offer you a reward for your patronage.

Bonuses and offers may be offered when there is a huge sporting event on the horizon or a key game. The offer will show what’s on offer and what terms you have to fulfill to claim it. Typically, this could be that you have to use the offer within a certain time frame, stake a minimum amount, or make extra bets by a certain date.

Again look at these with care.

You should always use bonuses and offers if they suit your lifestyle as they can greatly increase your bankroll but always check the terms before playing.