Online casinos have their style and way of expressing themselves, especially when they have an intriguing theme and relate everything to it. It’s fun and exciting, but sometimes the definitions are not that clear. So we, from PrivateCasinos, decided to remind you what are the main terms in the gambling world, and we will focus our efforts, especially on players from Ontario. If you would like more detailed information about some of the best casinos in Canada, visit Private Casinos now.
The money terms
Bonus
Let’s clarify what a bonus means in the gambling world. Every new or loyal player is entitled to receive a reward for starting or continuing playing at a particular casino. Remember, each offer that you accept comes with its terms and conditions and wagering requirements that you need to fulfill to be able to withdraw your winnings.
Types of bonuses:
- Sign-up bonus
- Welcome bonus
- Deposit bonus
- No deposit bonus
- Free Spins
- Cashback
- Loyal points
These are some of the most popular promotions. They can be accompanied by daily, weekly or monthly bonuses, holiday promotions, tournaments, VIP club bonuses. Some software providers offer exciting promotions for their newly released games. Make sure to subscribe to the newsletter of your chosen casino because there, you can expect exclusive offers for the Canadian market.
Sometimes, the bonus can be accessed by a code that you receive in your mailbox or written in the offer itself. So always check the details! And if you are after the good wins, check the best payout online casinos in Canada.
Deposit
The new casinos aim to offer you convenient payment methods for Canada, usually in Canadian dollars. A deposit means that real money has been added to your Cashier on the platform. It’s essential to use a payment solution that is safe and fast and the platform to guarantee the security of your data and transactions.
Most popular payment methods:
- Credit card
- Bank Transfer
- E-wallets
- Interac
- Cryptocurrency
Withdraw
Each player’s goal is to get to the point of collecting the won money. To do that, you need to follow a few steps:
- Fill in all the necessary information in your profile.
- Verification – sometimes, the support will ask you to provide proof that it’s you.
- If you have accepted an offer, they usually come with terms and conditions and wagering requirements that you must meet before proceeding.
- Submit a request.
- Payment method – choose the option of your desire. Remember, some solutions can be used only for depositing and not for withdrawal.
- Amount – place the amount you want to withdraw.
Wagering requirements
Crucial point! Most players are not satisfied with the online casinos because it’s a common belief they lie and don’t allow you to withdraw your winnings. If you have chosen a licensed, safe and fair platform to play at, this is not the case. The issue comes from not understanding what a wagering requirement is.
When you make a deposit of C$100, and you receive a 100% bonus, you start your game with a total of C$200. To protect itself, the casino applies a specific wager to that bonus amount, so you can’t go ahead and withdraw the bonus directly. This is written in the offer’s details, and we advise you to read it carefully. If the wager is x30, you need to play the bonus amount 30 times before allowing you to withdraw. In our example, this equals C$100 multiplied by 30, so you need to bet C$3,000 before proceeding. Once this is done, you can withdraw all the winnings accumulated.
Remember, when considering the wagering requirements, the highest bonus is not the most favourable for you if it has a wager of x200. A good number is between x20 and x40. So calculate before you accept the shiny promotions.
Play like a movie star
We have reviewed some of the main terms in the gambling world. For more information, consider taking a look at our detailed reviews, carefully prepared by the experts of PrivateCasinos. Always count on us for valuable and practical advice on how to handle the online casinos. And if you would like to level yourself up to the highest leagues, check out some exciting casino movies here.
