Reasons to Choose a Match Deposit Bonus Offer
Online casinos use various ways to get customers to sign-up and more importantly, retain them on their site. With players being spoilt for choice with the hundreds of operators that have sprung up all over the internet, it is important for online casinos to be different from their counterparts and offer players a good incentive to continue using their site. One of the ways in which this is done is by giving out attractive match deposit bonus offers to customers.
What are Match Deposit Bonus Offers?
Simply put, whenever you make a deposit into a Canadian online casino, the operator will "match" your deposit by giving you free cash amounting to a certain percentage (which can be anything, from 10% to 500%) of your deposit. As an example, a site with a 50% match offer up to a maximum of $500, and you deposit $800 into your account, you will end up with $1050 to wager with ($800 of your deposit + $250 from the offer). The funds emanating from such bonuses may be instantly credited to your account (with a release clause stipulating how it will be eligible for withdrawal over time), OR it will be credited to you in installments the more you play with them.
Some providers also mix and match this offer across deposits, for example, they may offer a 100% match on your first deposit, a 150% match on your second deposit, and so on. However, keep in mind that most sites usually have a limit to the absolute amount that a player can claim using this offer (usually around $500) and that you must fulfill certain playing requirements to be eligible for these funds. In fact, it is this factor that makes or breaks match deposit bonus offers - when trying to choose between various offers, please check to see which has the friendliest funds release criteria, which usually makes it the most attractive.
These kinds of offers are particularly useful because they are usually recurring and not a one-time benefit (unlike a Welcome bonus or a first-deposit bonus).
How Can I Claim a Welcome Offer?
Online casinos would obviously like to keep their customers entertained and engaged with their products for longer. It can be disheartening for players to lose their bankroll (the odds don't usually favor the players, after all), so these bonuses give customers a greater chance of hitting a jackpot or going on a hot run. Additionally, from an operator's perspective, it keeps customers on their site for longer which gives the provider more time to introduce other games to the player. Players are also of the mindset that funds resulting from these offers are "free money" and will probably end up playing a whole lot of new games that they may not have necessarily played with their "own" money.
To claim such an offer, one typically needs to enter a publicly available Bonus Code in a little text box at the time of deposit.
Should I Choose a Match Deposit Bonus Offer?
Since odds favor the house, online casinos treat such offers as a cost of acquiring you as a long-term customer - a cost which is recovered immediately if you lose, or in the long-term if you initially win (unless you win a massive jackpot). Unless you are highly skilled at any game, you can expect both your initial deposit as well as the matched bonus to disappear sooner or later. However, there is always something known as Variance, or in layman's terms, getting lucky. There is always the possibility of hitting a jackpot or any sort of big win. You will likely lose money in the long term but our advice to you would be to definitely claim such bonus offers, which will effectively double your chances of getting lucky. Choose the offer which offers the maximum bonus, coupled with the friendliest release clause. For instance, you would rather have a 100% match deposit bonus offer with very easy release criteria than go for a 150% offer in which getting funds out is notoriously difficult.
In summary, we would certainly recommend you claiming such offers as it is essentially free money and maximizes your winning chances - however, you should be careful selecting which site to go for by reading their Terms & Conditions in detail.
