A 200% cash bonus is an online casino promotion that rewards you with extra cash in the amount twice as large as your qualifying deposit. It is one of the most popular deposit match bonuses and is usually offered in the form of a welcome bonus, meaning that it’s only reserved for new users of a given casino site.
How Does a 200% Bonus Work?
The most important thing to understand about this kind of promotion is that it does not come in the form of real money. Instead, the funds you receive will be placed in your deposit balance, and you can only win real money from it once you’ve met the wagering requirements.
In other words, the casino will force you to wager using the offer up to a specified amount (usually between 30x and 60x the bonus value) before allowing you to withdraw.
Another thing to consider is the maximum limit that can be anywhere from a couple of hundred to a couple of thousand dollars. The amount you receive will depend on the height of your deposit. So, for instance, if you deposit $10, you’ll get a $20 extra; if you deposit $50, you’ll receive a $100 bonus, and so on.
The 200% casino welcome bonus will usually be unlocked automatically once your deposit goes through, although sometimes you’ll have to activate it yourself or use a corresponding voucher code.
A 200% offer is one of the most popular promos for Canadian players, and the reasons for it are obvious. This type of promotion takes what you’ve deposited, doubles that amount, and gives it to you in the form of bonus credits. For instance, if you deposit $100, you’ll get $200 as a bonus. As a result, you will have a total of $300 to play with.
It’s a very generous offer, and while there are also 300% or even 500% deposit bonuses, these usually come with much stricter wagering requirements.
A 200% match bonus lets you play all sorts of games offered by the casino, including video slots, table games, and even live dealer games. However, pay attention to the bonus terms and conditions, as not every game type comes with the same wagering contribution.
Lastly, you will be able to use these funds for an extended period, especially if you go for the maximum amount.
Main Types of 200% Match Bonus
There are several different types of 200% bonuses that you can stumble upon while playing in top online casinos in Canada.
First Deposit Bonus
The most common 200% bonus is the one you’ll get after completing the first payment on a casino site. This one-time offer is only available to new players and usually has a min deposit requirement of between $10 and $20.
Welcome Package
A welcome package is a casino’s welcome promotion that encompasses the players’ first and several subsequent deposits. For example, if the package is a two-parter, you may receive a 100% match bonus up to $1,000 on the first and a 200% bonus up to $500 on the second deposit.
Loyalty Program
It’s common for an online casino in Canada to have a loyalty program through which long-term customers are rewarded. By being a part of this program, a player might get various promotions after reaching a certain loyalty tier, and 200% match bonuses can be among them.
Cash Bonus With Free Spins
A match bonus of 200% can sometimes be tied to other types of offers. If a casino is generous, it may give you some free spins to use on selected video slots on top of offering you http://casinosreview.ca/pay-by-phone a match offer.