500% Deposit Match Bonuses for Canadians

If you want the most considerable bankroll boost, a 500% first deposit bonus takes the biscuit. Multiplying your initial deposit five times is a great way to kick off playing at a new Canadian online casino. After all, a bigger budget only increases your winning chances, thanks to longer gaming sessions. In this article, we dive into all aspects of this great offer, including how to claim it, relevant terms and conditions, and the different types of 500 deposit bonuses available. Though a bonus of this size is a rarity, we’ve got you covered with the best online casinos that offer a 500 casino bonus.
Written by
Steve Madson
Updated
Jul 19, 2024
Checked by
Nina Winston

Top Casinos Offering 500% Deposit Match Bonuses as of October 2024

#
Rating
Bonus
Features
Play

550% BONUS

1
Rating
5 /5
550% UP TO 4125 CAD
+ 550 FS

500 FREE SPINS

2
Rating
5 /5
2000 CAD + 500 FS
T&Cs apply
  • 100% up to C$2000 + 75 FS for the 1st deposit
  • Minimum Deposit is C$10
  • Daily Tournaments and Competitions
  • Regular Free Bets and Bonus Offers
  • Average RTP – 97%
  • 20+ Poker and Roulette Titles
Established
2016
Licence
Curacao
Total Games
8000+
  • Visa
  • Mastercard
  • Interac
  • Interac e-Transfer
  • Neteller
  • Paysafecard
  • Skrill
  • AstroPay
  • Binance Coin (BNB)
  • Bitcoin
  • Ethereum (ETH)
  • Jeton
  • Litecoin (LTC)
  • MiFinity
  • Tether (USDT)

500 FREE SPINS

3
Rating
5 /5
3750 CAD + 500 FS
Licence
Curacao
Total Games
1000+

500 FREE SPINS

4
Rating
4.9 /5
3750 CAD + 500 FS
on your first 4 deposits
T&Cs apply
  • Multiple Payment Options
  • Minimum Deposit is C$15
  • Regular Tournaments
  • Weekly Cashback For Bets and Deposits
  • Progressive Jackpots are Available
  • No Violations of Player Rights
Established
2017
Licence
Curacao
Total Games
3000+
  • Visa
  • Mastercard
  • Interac
  • Interac e-Transfer
  • Paysafecard
  • Binance Coin (BNB)
  • Bitcoin
  • Dogecoin (DOGE)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • MiFinity
  • Tether (USDT)
  • TRON (TRX)
  • USD Coin (USDC)

Top 3 Online Casinos Offering 500% Deposit Match Bonuses

To save time, our team of experts has whittled down a long list of potential casino candidates into the three recommendations below. All are reputable and safe sites, with a generous welcome bonus and plenty of entertainment to keep all gamblers immersed.

T&Cs apply
Mr. Bet

Launched in 2017 with authorization from Curacao, MrBet offers casino players from Canada a monster 4-part bonus that also includes a 500 online casino free spins bonus. There’s also a generous weekly 5% cashback that can be spent on their vast selection of slots, scratch cards, and live dealer games. With excellent support and crypto banking, MrBet is a great first choice.

Pros
  • Over 5,000 games
  • Cryptocurrencies welcome
  • 24/7 live chat support
Cons
  • Dated design
  • No Microgaming titles
BruceBet

With plenty of gaming action from many of the world’s top software providers, BruceBet is a new but growing breed of smaller casinos with a Curacao license. As a 500 first deposit bonus Canada casino, you can claim a welcome bonus worth up to £2,000 in 4 stages. Thanks to its diverse gaming portfolio, ample withdrawal limitations, and banking methods, BruceBet is one of the top Canadian casinos for Canuck players.

Pros
  • High withdrawal limits
  • More than 3,000 games
  • Easy-to-use website
Cons
  • Slow withdrawals
  • No phone support
Spin City

Having been in the iGaming business since 1999, Spin City has built a solid following among Canadian players—a broad and varied game selection featuring multiple progressive jackpots, mainly from Microgaming. In addition, you’ll find plenty of promotions plus tons of payment methods. Finally, Spin City features first-class customer support like all our reviewed casinos.

Pros
  • More than 30 game providers
  • Massive progressive jackpots
  • Fast withdrawals
Cons
  • Relatively fewer games
  • High wagering on bonuses

500% Deposit Match Bonus: Definition

A Canuck player who claims a 500% match deposit bonus after registering and opening a new online casino account will see their deposit multiplied 5x. So, if you were to deposit $50, expect to receive another $250 on top, giving you a total bankroll of $300.

How to Claim a 500% Deposit Match Bonus

The best place to begin your 500 welcome bonus casino offer is to pick a casino from our list. These are all top-notch gaming platforms with proper licenses and stellar reputations. Follow the steps below to claim your bonus, and you’ll spin the reels in just a few minutes.

  1. Step 1 Sign Up and Register

    Start by clicking the “Join” or “Register” button. Input all the required details, such as your full name, address, and date of birth.

  2. Step 2 Complete KYC Requirements

    To prove your age and address in Canada, you must upload a government-issued ID, such as a passport or driver’s license, and a recent utility bill. They may also request proof of the source of funds.

  3. Step 3 Confirm You Want the Bonus

    Typically, at this point of the sign-up process, you’ll need to stipulate whether you want to receive the welcome bonus.

  4. Step 4 Make a Deposit

    Head to the “cashier” section and decide on a banking option. Make your first deposit, ensuring it’s above the minimum amount. Keep in mind that some payment methods are ineligible for receiving bonuses.

  5. Step 5 Grab the Bonus and Begin Playing

    Once your details have been verified, find the 500 first deposit bonus in your new account.

Types of 500% Deposit Match Offers

You’ll discover that the generous online casino 500 match bonus appears in many forms, including bonus money and free spins, each with pros and cons.

  • 500% First Deposit Bonus

    For the 500 first deposit casino bonus, Canada players can increase their bankroll by a factor of five. It’s a fantastic way to start enjoying new and familiar games while maintaining your initial bankroll intact.

  • 500% Bonus Codes

    A bonus code is sometimes needed to claim a 500% welcome promotion. You’ll be prompted to input this when signing up for your new casino account for the first time.

  • Loyalty Programme Specials

    Every 500 match bonus casino in Canada rewards returning players, who continue to make a minimum deposit, with all sorts of real money deposit bonuses and offers of free spins as part of their loyalty programs. Some of these are low wagering casino bonuses.

Terms and Conditions for 500% Deposit Match Bonus

Before accepting any bonus offers, it’s essential to read through the website’s terms and conditions. Here, you’ll find all the vital rules and restrictions when playing with a 500 deposit bonus. Some of these are listed below:

Wagering Requirements

This is the number of times you’re mandated to play through any money before you can cash out. With such a large bonus offer, wagering might be over 50x.

Expiry Date

All bonuses, including free spins, have an expiry term within which they must be played through, including any rollover requirements. This period can be as short as 24 hours or up to one month or more.

Maximum Bonus Cashout

Depending on the 500 bonus casino, there may be restrictions on the amount of winnings you’re allowed to withdraw.

Game Exclusions

A 500 deposit bonus casino may limit your gaming options to a small selection of table games like blackjack, roulette, or just a few slot titles.

Geographical Restrictions

Not all 500 deposit bonus offers are available in all countries or jurisdictions. However, every Canadian casino that we recommend offers this striking bonus.

500% Deposit Match Slots & Casino Games

Most Canadian casino players use their 500% bonus to gamble on slots. That’s not because they don’t care about casino table games but because Canadian online slots contribute 100% towards the playthrough requirements. Also, you’ll be limited to slot titles with low RTPs.

Gambling your bonus with RNG fixed-odds games, such as roulette, baccarat, craps, and blackjack, may also be possible, although these commonly only contribute 10% towards wagering. Overall, live dealer games are excluded from bonus play utilizing such large deposit bonuses.

Payment Methods Available at 500% Match Bonus Casinos

There is a considerable number of payment options that can be used to claim a 500 first deposit bonus. Canada casinos offer players everything from debit cards to bank wire transfers to deposit and withdraw gambling funds or bonus money. On average, their conditions are as follows, but please note that figures will likely change from one site to another.

Casino PaymentDepositsWithdrawalsMin/Max Payouts
MaestroInstant$30 – N/A
MasterCard$10 – $100,000Instant$30 – N/A
Visa$10 – $100,000Instant$30 – N/A
Binance Pay$10 – $100,000Instant$30 – N/A
Ethereum$10 – $100,000Instant$30 – N/A
Litecoin$10 – $100,000Instant$30 – N/A
Tether$10 – $100,000Instant$30 – N/A
Bitcoin$10 – $100,000Instant$30 – N/A
iDebit$10 – $100,000Instant$30 – N/A
MiFinity$10 – $100,000Instant$30 – N/A
ecoPayz$10 – $100,000Instant$30 – N/A
Neosurf$10 – $100,000Instant$30 – N/A
Interac$10 – $100,000Instant$30 – N/A

TestCasinos’ Verdict

Considering your bankroll instantly grows five times with a 500 casino bonus, claiming one is a no-brainer. So we can only recommend promotions of this kind. However, ensure you read and understand the casino’s terms and conditions to ensure it’s the right bonus for you and don’t get swayed only by big numbers.

Pros
  • Massive instant boost to your bankroll
  • Excellent means to try out new games
  • Win real money with your bonus
  • Less risk to your bankroll
Cons
  • Bonus comes with strict time limits
  • Often has high wagering requirements
  • You can’t play all casino games with this bonus

500% Deposit Match Bonus FAQs

What is a 500% deposit match bonus?

As a new player signing up and making a deposit for the first time, you’re entitled to a reward worth five times your initial deposit amount.

Why do online casinos offer 500% bonuses?

There’s huge competition among online casinos to attract new players. A 500-match deposit bonus is a great way to grab their attention.

Are 500% casino bonuses safe?

Yes, they are. A reputable gaming authority licenses all our recommended casino sites. Your funds are secure, and winnings will be paid out promptly.

Do 500% match bonuses come with wagering requirements?

Virtually all online casino bonuses, promotions, and even free spins carry wagering requirements. These might be slightly higher with a 500 casino bonus.

Where can I find the best 500% deposit bonuses in Canada?

Have a look through our best 500% match bonus casino list. All feature a vast gaming library, other bonuses, loyalty programs, and fast withdrawals.

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