iBet Casino Welcome Package Bonus Breakdown
Let’s take an in-depth look at the iBet Casino Welcome Bonus Package offered in Canada. We will go through the conditions and requirements and explain what new players can expect from this bonus. We also compare it to other bonuses and list the pros and cons. The bonus does not apply to Ontario residents.
Last updated on August 4th, 2022
About the iBet Casino Welcome Bonus Package
The bonus breakdown takes an in-depth look at different casino bonuses and explains how they work.
Before we begin, I would like to point out that we are not affiliated with iBet casino even though we have a very similar name. As we say on each Bonus Breakdown the best way to really understand a bonus is to look at the terms and conditions.
So, let’s dive right in.
The iBet casino bonus is advertised as a $1,500 casino welcome bonus package for new players. Since it is a welcome bonus package the first thing that we can see is that it covers the first 3 deposits.
- The first deposit bonus is a 100% bonus up to $500.
- The second deposit bonus is a 50% bonus up to $500.
- The third deposit bonus is also a 50% bonus up to $500.
This is all quite standard but let’s look at each bonus specifically.
First Deposit Bonus
The first thing that pops out is that this bonus will actually expire at the end of the year so I’m assuming that in 2023 iBet casino will have a new welcome offer.
The first welcome bonus is a 100% deposit match meaning that whatever you deposit iBet casino will match that amount. You will effectively have double your deposit amount to play with.
Casino Welcome Offer
They will match any amount up to $500. However, the minimum deposit is $20.
When you begin your wagering requirements on the first deposit bonus the max bet allowed is $6 or 60 cents per line.
This means if you are playing a slot game you cannot bet more than $6 per spin. If you go over that amount it will not contribute to your wagering requirement. All 3 deposit bonuses have wagering requirements of 40 times the bonus amount. The wagering must also be completed in 30 days.
Second Deposit Bonus
The second deposit bonus is a 50% match up to $500. This means that iBet casino will give you half of your deposit amount in bonus money up to $500.
If you want the full $500 bonus you will have to deposit $1,000 of your own money. The minimum deposit is $20. This deposit bonus has the same wagering requirements and limits as the first deposit bonus.
Third Deposit Bonus
The third deposit bonus is also a 50% deposit match and has all the same terms exactly like the second deposit bonus.
This bonus can only be used on slot games.
If you wager the bonus on anything else, including table games or live casino, it will not count towards your wagering.
Usually, other online casinos make wagering on live casino or table games contribute a lower percentage to your wagering, but at iBet Casino it does not contribute at all
There are also some slot games that do not contribute to wagering. Please check the terms and conditions for the full list of slot games that are excluded.
All 3 deposit bonuses are advertised as non-sticky bonuses. This means that when you begin playing slots you will first use your real money balance. When you run out of real money you will then use your bonus money and the wagering will trigger as well. If you make a withdrawal while still using your real money the bonus will still be valid and still be waiting for you. However, once you begin playing with your bonus money and start the wagering process then any withdrawal will cancel the pending bonus.
Even though iBet Casino allows you to withdraw your real money deposit at any time you will not trigger using the bonus until you use up all your real money funds. For example, if you deposit $100 and get a $100 bonus you need to wager $100 of real money before you can start paying the $100 bonus. If you withdraw some of your real money before you play $100 then your bonus will be voided and any winnings from the bonus will also be voided.
You have 30 days from your registration date to claim the Welcome bonus. If you use Neteller or Skrill as a deposit method you will not be eligible for the bonus.
How to Claim the iBet Casino Welcome Package
Let’s take this step by step.
Once you register at iBet Casino you need to choose the casino welcome offer while you are filling in your details. When you finish your registration all you need to do is make your first deposit and the bonus funds will be added to your bonus wallet.
Don’t forget that the minimum deposit is $20.
iBet Casino Welcome Bonus Pros and Cons
After going through all the important terms and conditions associated with the iBet Casino Welcome Bonus Package in Canada here are the most important positive and negative aspects of the bonus.
Non-Sticky Bonus makes it easier to keep track of real money and bonus money
Bonus Money is used only after you run out of real money
No free spins
The wagering amount is slightly higher than average
Can only be used on slots
iBet Casino Bonus Final Words
Those are all the main terms related to the iBet Casino bonus.
In conclusion, we appreciate that this is a non-sticky bonus which separates the real money amount and the bonus amount. This makes it easier for the player to keep track. This also means that if you have a big win with your real money you can withdraw it. Even though you have opted in for the bonus you have not started using it so you do not need to worry about wagering until you start using the bonus money. That is a big plus in our books.
Having a wagering requirement of 40 times is slightly more than some other online casinos but it is not prohibitive.
Taking all that into consideration we would rate this bonus a solid 8 out of 10 for its simplicity and because it is a non-sticky bonus.
For more bonus options, check out our Casino Bonuses in Canada page.
Learn more about iBet Casino in Canada by reading our iBet Casino Review.
iBet Casino Welcome Bonus Package FAQ
Here is a selection of the most common questions regarding the iBet Casino Welcome Bonus in Canada.