First, let's explain what a 500% deposit bonus is and how it works. As the name suggests, it provides a match when you transfer funds to your account.
Once you make the deposit, it is transferred instantly. However, you must remember that if you wish to withdraw its winnings, you must meet its terms and conditions.
Different types of 500% bonuses
When you register at a 500% deposit bonus casino, you might have the chance to choose between a few different types of these offers. The end product is the same, but not every promotion is equal.
That said, below, we've explained the two primary 500% amounts. They are the first deposit bonuses and the regular promos at a casino site.
First Deposit Bonus
So the 1st deposit bonus is a welcome package. It rewards you after you register an account at a particular online casino. After you create your profile and top up your balance, you'll instantly receive this offer.
Welcome bonuses provide you with a match on your first deposit or the first few transactions. It depends on the policies of the gambling site itself.
One important thing you should know here is that you can only gain this bonus once and that it is only available to new players. Other terms and conditions also apply, but we'll discuss them later.
A side note worth mentioning is that welcome offers are no strangers to additional free spins. You will gain extra cash and bonus spins when you make a deposit. This is not always the case, as the policies vary from casino to casino.
Regular Bonuses
Now, when it comes to having a 500% regular promotion, there are two sub-categories:
500% match bonuses
500% reload bonuses
Let's start with their standard features. First, both of these rewards require you to fund your casino account on a specific day. Both of them will also give you extra money to play with.
The main difference between them is that 500% casino bonuses send a reward on the first deposit of the day, whereas 500% reload offers require you to make at least two top-ups.
How to find a 500% first deposit bonus?
One of the biggest questions that revolve around a promo code of this character is how can you find it? Well, if you don't want to spend a lot of time searching for sites that feature it, you can always resort to our list.
Our team did the hard part for you and checked thousands of online casinos in Canada and made sure only to list those that are licensed, regulated and safe to play. Not only that, but they have tons of other great features, including:
Additionally, these platforms support you to play responsibly as they are partnered with the most reputable RG organizations in Canada.
Alternatively, if you wish to find a 500% bonus casino by yourself, you should always keep a few things in mind. First, make sure that you always consider licensed operators that utilize the latest security systems.
Next, see if the most popular banking options by Canadians are available and that they come without any fees. The world's most reputable providers must supply the game library. Finally, ensure that the gaming platform has a responsive support team and is optimized for mobile use.
How to Identify Ideal Casino Bonuses
When searching for the best 500% deposit bonuses, you should remember how easy it is to claim the prize. To know that, you must read the T&Cs. They lay out the terms you need to meet to withdraw winnings made with the offer.
Some conditions are more critical and more complicated to meet than others, and below, we've listed some that you should always keep an eye on.
Maximum bonus
First, when you claim a 500% bonus amount, you must look at the maximum extra cash you can receive. Each of these promotions is restricted in this field. Naturally, the higher the limit is, the better it is for you.
Wagering requirements
Wagering requirements are an essential part of every bonus offer. They represent the money you need to stake to withdraw winnings with a promotion. One general rule here is the lower they are, the easier it is to meet them.
They are calculated by multiplying your deposit by the wagerings. So, if you have a 500% match with a minimum required transaction of 15 CAD and the requirements are set at x50, that means that the total amount you have to wager is 750 CAD.
Time limits
Of course, promotions never last forever. Each one has a certain timeframe in which you must use it. Offers such as free spins are known for their low validity period, but 500% first deposit bonuses usually give you a window of around ten days. During this timeframe, you must ensure that you meet the rest of the T&Cs.
Other terms and conditions
Although the terms above are arguably the most crucial part of casino promotion, that doesn't mean that they are the only ones you have to focus on. Accepted deposit options, eligible games, country restrictions and general T&Cs are also important.
Summary
You receive casino 500% rewards instantly after making the minimum deposit. The conditions surrounding them vary between gambling sites, which is why you must always read them.
