Best 500 Deposit Bonus Offers in Canada 2024

The 500 deposit bonus is the king of all casino offers. On this page, we delve further into what makes the bonus so special, and recommend the best casinos that offer this type of bonus.

Note: This article is for informational purposes only. Any details provided below are meant to help you find information about casino bonuses, and do not amount to investment advice.

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For the safety of players and to keep operators accountable, the team at Mr. Gamble implements a world-class evaluation process for all online casinos. The team incorporates a strict due diligence process for listing casinos on Mr. Gamble by verifying the operating regions of casinos and the validity of local licenses, among other aspects such as customer service, game selection, banking methods, and bonuses.

Our editorial policy includes fact-checking all casino information while including real-world data to provide the most relevant and helpful guide for readers around the world. At Mr. Gamble, the players’ safety and satisfaction are our top priority — you can rely on us to get the best possible offers from licensed online casinos.

🤔 What Is a 500% Deposit Bonus?

A 500% deposit bonus is an online casino promotion that increases your initial deposit by 500%. Of course, the bonus comes with its own terms and conditions, including wagering requirements, which we explore further down this page.

For example: let’s say you made a first deposit of $100 and claimed the 500% deposit bonus. The casino would reward you with an additional $500, giving you a total of $600 to play with.

500% Deposit Bonus: Pros and Cons

500% deposit bonuses are a great way to test a new online casino and try out their games selection, but this lucrative bonus has a few cons too. 

✔️Pros❌ Cons
Try out new entertaining games for freeThis type of bonus usually comes with high wagering requirements
Play casino games without risking your own moneyYou usually have limited time to use up your bonus
You can win real money using bonus moneyNot all games are eligible
Great way to explore new casinos 
Essentially, bonus money is your safety net in case you lose your deposit 

Why Use a 500% Deposit Bonus?

An online casino 500 bonus is one of the biggest casino bonuses you can find. You can use it to increase your opening balance and try out new games, old-school classics, and more. The bonus also allows you to try out a casino for longer compared to other deposit bonuses, such as 100% deposit bonus, for example.  So if you're looking for a new casino online, 500 bonus offers are absolutely worth claiming.

How to Claim a 500% Casino Bonus

Here’s how to redeem your 500 deposit bonus in just a few simple steps. If you’re an experienced gambler, the following will be familiar to you. If you’re a novice gambler, then make sure to take note. You'll want to claim every penny of this super-generous bonus.

  1. Check if a bonus code is required. You’ll find any relevant bonus codes either on the homepage or the Promotions page.
  2. Enter the bonus code when signing up, if applicable. Copy and paste the code into the required field.
  3. Visit the Cashier or Payments section. Select the payment method you wish to use.
  4. Enter your deposit amount. Make sure the amount is within the required range under the bonus' T&Cs.
  5. Confirm your deposit. Click on the link in your confirmation email, and enjoy your bonus.

How to Choose a 500 Bonus Casino

Choosing a 500 casino bonus and casino to play at is where the fun begins. Follow these steps to pick the best one:

Different Types of 500% Bonuses

Not all bonuses are the same, and that applies to 500 deposit bonuses too. There are multiple ways that this can play out, as we explore below.

500% First Deposit Bonus

A 500 first deposit bonus is a way of rewarding you for making your first deposit. You can stretch out your 500 first deposit bonus CA to really get stuck into the games and features. And who knows? You may even come across a new favorite game or two.

500% Welcome Bonus

The most common way you’ll see a 500 percent casino bonus is as a part of a casino sign-up bonus. Some casinos use this type of bonus to attract new customers and give them something extra to play with. This means you can take advantage of the 500 welcome bonus casino offers by signing up to a casino and claiming the offer.

500 Match Bonus Casino Offers

You can also find a match deposit offer once you’ve used up your welcome bonus. Also known as a reload bonus, this allows you to take advantage of the offer once again, giving you another chance to win by using the casino’s money. As you might imagine, this offer is harder to find.

500 Bonus Codes

A bonus code is sometimes required for you to claim a 500% deposit bonus. You’ll usually see it wherever the bonus was promoted to you. Just make sure to note it down somewhere and enter it when you claim the bonus. In addition, deposit and 500 no deposit bonus codes allow the casino to track how successful their promotional campaigns have been. 

500 Deposit Bonus Slots & Other Games

You can use your bonus on slots, as you could expect to do at any decent online casino. In fact, you’ll usually find that slots contribute 100% towards your wagering requirements. There are some exceptions, however, as some online casinos won’t allow you to bet your bonus money on slots with very high RTP. They’ll make you aware of this in the bonus terms.

You’ll also be able to play table games with your bonus funds at most online casinos. These fixed odds games, such as blackjack, baccarat, craps, and roulette typically contribute 10% towards your play-through requirements.

You’ll often find that live games are excluded from those games you can play with your bonus funds, and the same goes for sports betting. And while there are certain high RTP games you can play, they won’t contribute towards your wagering requirements. However, you can use your bonus funds on games you might not suspect, such as 500 deposit bonus bingo.

New 500 Deposit Bonus Casinos

As casino players, we all love getting new casino bonuses to play with. This is precisely why we're constantly updating the above list with new online casinos offering 500 deposit bonuses. So if you're looking for new treats, feel free to check back any time to find the latest 500 bonus online casino sites to play on top of this page.

The Best 500 Casino Deposit Bonuses

The best 500 casino deposit bonus offers are those that come with the least restrictions. Here are the main conditions you should look out for when reading the bonus T&Cs at any casino. 

🤑 Maximum amountCheck the maximum bonus amount before you accept the bonus, making sure that it works with the amount you’re looking to deposit.
📅 Bonus expiry dateYou’ll also need to know when you need to have used your bonus by. Most casinos impose a time limit for betting with bonus money that exceeds no longer than 30 days.
🎲 Eligible gamesYou should also note which games you're eligible to use the bonus on, and which contribute towards the wagering requirements.
📋 Other terms and conditionsYou should read the terms and conditions of the casino you’re claiming the bonus at. It will make sure that you’re aware of your responsibilities and that you don’t run into any nasty surprises.

500% Casino Bonus: Wagering Requirements

Wagering requirements for a 500 deposit bonus usually lie somewhere between x20 and x50, as is with other casino bonuses. Just be aware that the casino itself sets this number, so it could be higher or lower than this range. That’s why you should always check the terms and conditions of any bonus you’re looking to claim.

Payment Methods Available at 500 Deposit Bonus Casino Sites

You need a way of transferring funds to your online casino account to make a deposit as well as to withdraw your winnings. Fortunately, there are more payment options than ever. Here are some of the most popular payment methods found at 500 deposit bonus casinos today.

  • Debit cards – Using a debit card is the most popular way of making online casino deposits. After all, an overwhelming majority of adults have at least one payment card that fits the bill. It’s also a secure way of making online payments. All you need to do is enter the long number in the middle of your card, along with the expiry date and security number. The casino will encrypt these details, so you won’t need to worry about your financial details being compromised.
  • Crypto – Cryptocurrency such as bitcoin offers an anonymous way of funding your online casino account, and a number of casinos accept crypto payments. Along with a 500 deposit bonus, you’ll sometimes see a bonus for signing up and making your first deposit with crypto.
  • PayPal – With PayPal, you just need to link your account to your bank account or debit or credit card, and let PayPal take care of the rest. It’s an easy way of transferring money both to and from your casino account. You’ll find that cashing out is often instant with PayPal, and depositing is quicker than it is with a debit card. PayPal has seen enormous growth in popularity among online casino players.
  • Other e-wallets – e-wallets, such as Skrill and Neteller are also available, with these two, in particular, being highly popular at online casinos. They offer a huge advantage in that they provide instant deposits and withdrawals, and just like with PayPal, you aren’t required to share your financial details with the casino.

Frequently Asked Questions

Why do online casinos give out 500 first deposit bonuses?

Online casinos give out 500 first deposit bonuses in order to attract players to open an account with them. This allows you to enjoy risk-free gambling and try out a new casino.

How to claim an online casino 500% bonus?

To claim an online casino 500% bonus, choose one to get started with from our above list, click on Promotions, and follow the on-screen instructions.

Are 500% deposit bonuses legal?

Yes, 500% deposit bonuses are legal. Each of the casinos we recommend on this page are legit; they are licensed and regulated by a trusted and reputable body.

Can I win real money with a casino 500 bonus?

Yes, you can win real money with a 500 bonus, just as you can with any other casino bonus. As long as you follow the terms and conditions and meet the wagering requirements, you'll be able to withdraw your winnings using your preferred payment method.

Are 500 bonus casinos safe?

Yes, 500 bonus casinos are safe, as long as they're licensed and regulated. Each one of the casinos on this page holds the Curacao gambling license and/or is licensed by another reputable gaming authority.

Are 500 free casino bonus offers a scam?

No, 500 free casinos bonus offers aren’t a scam, as long as you’re playing at a legit casino, such as those featured in our above list.

Where can I find the best 500 no deposit bonus casino?

You can find the best 500 no deposit casinos by scrolling up and taking a look at our list. Take your time and choose one that really resonates with you to get started with.

Do all casinos offer 500 deposit bonuses?

No, not all casinos offer 500 deposit bonuses. In fact, very few do. But don’t worry, we’ve done all the hard work for you, so you don’t need to look beyond this page for the best 500 deposit bonus casinos online.

Are the largest casino bonuses always the best?

No, the largest casino bonuses aren’t always the best, as it depends on what type of player you are. However, they’re the most generous bonuses you can find, so you’ll certainly want to at least consider them.

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      Hyun LeeOnline Casino Expert
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