Looking for the best sportsbook bonus? You’re in the right place. In this guide, we break down the top Canadian sportsbooks’ signup bonuses, including the signup sportsbook promos available. From big cash match offers to risk-free bets and more, we’ve got the deals that give you the best start for your sports betting journey.
If you’re from an Ontario IP address you won’t see a bonus but a list of the betting sites. We’re not allowed to show any bonus, due to regulations, but you will find offers at the sportsbook site by clicking on the “Visit Site” button.
- Wide selection of sports and casino games.
- Exciting welcome bonuses for casino players.
- Payment Methods: Astropay, Interac, Jeton, Mastercard, MuchBetter, Neteller, Skrill, Visa
- Extensive game selection catering to diverse gaming preferences.
- Super Generous Welcome offer for Casino Players
- Payment Methods: ApplePay, Crypto, Interac, Mastercard, Neteller, Paysafecard, Skrill, Visa
- Available for players in Ontario and rest of Canada.
- Quick Payout times
- Payment Methods: Crypto, iDebit, Instadebit, Interac, Jeton, Mastercard, PayPal, Paysafecard, Visa
- Wide range of betting options and casino games
- Generous bonuses and promotions for new customers
- Payment Methods: Gigadat, iDebit, Instadebit, Interac, Mastercard, Paysafecard, Visa
- Fair Deposit Bonus T&Cs
- Fast Payouts
- Payment Methods: Astropay, Interac, Mastercard, MuchBetter, Paysafecard, Visa
- Generous welcome bonus package for new casino players
- Fast withdrawal processing times.
- Payment Methods: Crypto, Interac, Mastercard, MuchBetter, Neteller, Skrill, Visa
- Extensive game selection
- Fast and secure payments
- Payment Methods: Interac, Mastercard, MuchBetter, Paysafecard, Visa
- Extensive selection of over 6,000 casino games.
- Supports main cryptocurrencies.
- Payment Methods: Astropay, Crypto, Interac, Jeton, Mastercard, Neteller, Paysafecard, Skrill, Visa
- Attractive and innovative bonuses
- Wide range of betting options, including virtual sports
- Payment Methods: Crypto, Jeton, Mastercard, Visa
- Wide range of sports and games to bet on
- User-friendly mobile app for iOS and Android devices
- Payment Methods: Interac
What is a Sportsbook Bonus?
A sportsbook bonus is a promotional offer provided by online betting sites to attract new customers, retain existing ones, and encourage betting activity. These bonuses can come in various forms, such as deposit match bonuses, free bets, or no-deposit bonuses. The primary purpose of sportsbook bonuses is to give bettors an incentive to sign up, deposit, and place wagers on their platform. Some bonuses require bonus codes to be claimed.
Sportsbook bonuses are a great way to get started with sports betting, as they provide extra funds or free bets that can be used to explore different betting markets. Whether you’re a seasoned bettor or a newcomer, these bonuses can enhance your betting experience and increase your chances of winning.
How to Claim a Sportsbook Bonus
To get a sports betting bonus in Canada follow these steps:
- Register as a new user, have a approved payment method for transactions and valid ID and operational email account.
- Start your registration by creating a new account.
- Fund your new account with the initial deposit required to activate the bonus.
- Meet any additional requirements from the sportsbook to qualify for the bonus, such as making a qualifying deposit.
Some sportsbooks may also ask for additional information to verify your identity.
Note: introductory offers can only be used once per person at each sportsbook— duplicate redemption of the same bonus is not allowed under normal circumstances.
Benefits of a Sportsbook Bonus
Sportsbook bonuses offer several benefits to bettors, including:
- Increased Bankroll: Bonuses can provide a significant boost to a bettor’s bankroll, allowing them to place more wagers and potentially win more money. This is especially beneficial for new bettors who want to explore different betting options without risking too much of their own money.
- Reduced Risk: Bonuses can help reduce the risk of betting by providing a safety net or insurance on losses. For example, a risk-free bet allows you to place a wager without the fear of losing your own money.
- Improved Odds: Some bonuses, such as odds boosts, can improve the odds of a particular event, making it more attractive to bettors. This means you can get better returns on your bets.
- Enhanced Betting Experience: Bonuses can enhance the overall betting experience by providing more opportunities to bet and win. They add an extra layer of excitement and can make your sports betting journey more enjoyable.
Best Sportsbook Bonus at Canadian Betting Sites
1. WilliamHill Bonus
Get a free risk-matched bonus after deposit and a pre-match or in-play bet of $10. Minimum odds for the qualifying bet is 1.80 or higher. If you win you will get your winnings and not the bonus.
This is a good bonus considering the deposit amount is low and the qualifying odds are set at a reasonable minimum. We also like that you can withdraw if you win, although in that case the bonus will not be granted.
2. Betway Bonus
Similar to the previous one, Betway offers a Free Bet upon a losing settlement of the qualifying bet. The only difference is that the amount is slightly less at Betway than at WilliamHill but the conditions are similar. The cherry on top of this offer is that players will get free spins on a specific slot even if they signed up for the sportsbook offer only.
3. TonyBet Bonus
You will get an extra bet matching your deposit which will be credited to your account once the wagering requirements are met. We like this bonus because there are no odds requirements. For the rest it’s nothing special but a fair sportsbook bonus for those who want a little extra. A downside is that in general deposits at Tonybet start from $15.
TonyBet and other sportsbooks offer ‘bonus bet credits’ as part of their promotions, enhancing the betting experience.
But there’s more. Players can find other deals like Mr Play Sports offering up to C$200 in bonuses, MyStake giving 100% bonus on first deposit up to $500 or Betway with its own version of this offer up to $300. Each one has its own twist so there’s diversity in these offers.
Types of Sportsbook Bonus
Deposit Match Bonus
A deposit match bonus is one of the most popular types of sportsbook bonuses, designed to give your betting bankroll a significant boost right from the start. When you make your first deposit, the sportsbook matches it with bonus bets, usually as a percentage of your deposit up to a certain amount. For instance, a common offer might be a 100% deposit match bonus up to $250. This means if you deposit $100, you’ll receive an additional $100 in bonus bets, giving you a total of $200 to wager with.
Some sportsbooks take it a step further by offering even higher percentages, such as 150% or 200%, though these often come with lower maximum amounts. For example, a 150% deposit match bonus up to $150 would give you $150 in bonus bets if you deposit $100. These bonuses are a fantastic way to maximize your initial deposit and explore various betting markets without risking too much of your own money.
Deposit Match vs Free Bet Bonuses
When it comes to signup bonuses two types stand out: deposit match bonuses and free bet bonuses. Deposit match bonuses are more attractive as they offer 100% of your initial deposit up to a certain amount – a big deal for new players who plan to deposit big.
On the other hand free bet bonuses offer an alternative form of incentive. These include propositions like first bet insurance where the sportsbook will match your stake amount. These offers usually have a validity period which can range from 2 weeks to over 2 months.
No Deposit Bonus
A no-deposit bonus is a type of sportsbook bonus that does not require a deposit to claim. These bonuses are usually smaller than deposit match bonuses and are often used to attract new customers. No-deposit bonuses can be in the form of free bets or bonus money, and they usually come with specific terms and conditions, such as wagering requirements and minimum odds.
No-deposit bonuses are a fantastic way to try out a new betting site without committing any of your own money. They allow you to explore the platform, place a few bets, and get a feel for the sportsbook offerings. However, it’s important to read the terms and conditions carefully, as these bonuses often come with high wagering requirements that must be met before you can withdraw any winnings.
Bet and Get Bonus
A bet and get bonus is a type of sportsbook bonus that requires a bettor to place a wager to receive a bonus. These bonuses are usually in the form of free bets or bonus money and are often tied to specific events or markets. Bet and get bonuses can be a great way for bettors to get started with a new sportsbook or to try out a new betting market.
For example, a sportsbook might offer a promotion where you place a $10 bet on a specific game, and in return, you receive $20 in free bets. This type of bonus encourages you to place a wager and rewards you with additional betting opportunities. It’s a win-win situation that can enhance your sports betting experience and increase your chances of winning.
First Bet Insurance Bonus
A first bet insurance bonus is a great way to start your sports betting journey with a safety net. This type of sportsbook bonus refunds your first bet if it loses, up to a specified amount. The refund is typically given as a bonus bet, allowing you to place another wager without dipping into your own funds. For example, if a sportsbook offers a first bet insurance bonus up to $50, and your initial $50 bet loses, you’ll receive $50 in bonus bets to try your luck again.
This bonus is often marketed as a “bonus bet,” but it’s essentially a refund of your initial wager, providing a risk-free opportunity to get acquainted with the sportsbook and its offerings. It’s an excellent way to mitigate the risk of your first bet and potentially turn a losing bet into a winning opportunity.
Parlay Insurance Bonus
For those who love the thrill of parlay bets, a parlay insurance bonus can be a game-changer. This type of sportsbook bonus refunds your parlay bet if one leg of the parlay loses, up to a certain amount. The refund is usually given as a bonus bet, which you can use to place another wager. For instance, if a sportsbook offers parlay insurance up to $25, and you place a $25 parlay bet with five legs, but one leg loses, you’ll receive $25 in bonus bets.
Parlay insurance bonuses are particularly appealing because they provide a safety net for the high-risk, high-reward nature of parlay bets. They allow you to take a chance on multiple outcomes with the reassurance that a near-miss won’t leave you empty-handed.
Boosted Odds
Boosted odds are a type of sportsbook promotion where the sportsbook increases the odds for a particular event or outcome, making the potential payout more attractive. These promotions are typically available for a limited time and may come with specific betting limits or requirements.
For example, a sportsbook might boost the odds of a particular team winning from +150 to +200 for a specific match. This means a $100 bet would now return $200 instead of $150 if the team wins.
Reload Bonus
A reload bonus is a sportsbook bonus aimed at existing customers who deposit additional funds into their account. The sportsbook offers a bonus bet, usually a percentage of the deposit amount, up to a specified maximum. For example, a sportsbook might offer a 50% reload bonus up to $100. This means if you deposit $200, you’ll receive an additional $100 in bonus bets.
Reload bonuses are a great way to keep your betting account topped up and take advantage of ongoing promotions. They reward loyal customers and provide extra funds to explore new betting opportunities.
Refer-A-Friend Bonus
A refer-a-friend bonus is a win-win for both you and your friends. This type of sportsbook bonus rewards you for bringing new customers to the sportsbook. Typically, you’ll receive a bonus bet or a cash bonus for each friend who signs up and makes a deposit using your referral link. For example, a sportsbook might offer a $50 bonus bet for each friend you refer who deposits at least $20.
Not only do you get rewarded, but your friend also benefits from joining a reputable sportsbook with great bonuses. It’s a fantastic way to share your positive betting experience and earn extra rewards, making it a mutually beneficial promotion.
Understanding the Terms of Signup Bonuses
Deposit bonuses vary in their offers and terms including a specific playthrough requirements. This means you have to wager the bonus amount several times over.
Also, claiming welcome bonuses at most sportsbooks comes with stipulations such as meeting a minimum deposit that typically falls between a $10 minimum deposit and 20 dollars.
Sportsbooks also set minimum odds—commonly starting at -200—to prevent bettors from only placing wagers on low-risk outcomes just to fulfill the criteria for claiming bonuses with ease.
A deep understanding of all these rules and limitations is essential when devising ways to convert sportsbook bonus earnings into withdrawable cash.
Wagering Requirements
Usually to cash out any winnings from a bonus you need to bet a certain amount first. It’s like a game where you need to score points before you can claim a prize. No wagering bonuses let you skip the extra steps and take home your winnings right away. If you win with bonus money you can take that money out immediately.
How to Choose a Good Sportsbook Bonus
The best sportsbook bonus in Canada is not the biggest as you may think. After 10 years of experience in the gambling industry we learned that a good bonus can only be judged by the terms and conditions that comes with it.
The bonus amount and percentage are two of the most important factors to consider when evaluating a sportsbook bonus. Finding the best sportsbook bonus is all about a few things like the rules for using the bonus, how many times you have to bet it before you can take out any winnings (the fewer the better).
Some bonuses allow you to bet on anything while others have restrictions so you want one that lets you use it on the sports and bets you like. Also check how long you have to use the bonus as some expire fast. And of course, check the betting site’s reputation and select one of the best Canadian sportsbooks available to make sure you end up in a sportsbook that has a good customer service, plenty of sports market options, competitive odds and constant promotions. Remember, the best sportsbook bonus is one that gives you a good boost, is fair and easy to use and fits how you bet.
Evaluating Sportsbook Bonuses
When evaluating sportsbook bonuses, there are several key factors to consider. These factors can help you determine the overall value of the bonus and whether it’s a good fit for your betting needs.
Bonus Amount and Percentage
The bonus amount and percentage are two of the most important factors to consider when evaluating a sportsbook bonus. The bonus amount refers to the maximum amount of bonus money that you can receive, while the percentage refers to the percentage of your deposit that the sportsbook will match. For example, a 100% deposit match bonus up to $500 means that the sportsbook will match your deposit dollar for dollar up to a maximum of $500. This can significantly boost your initial bankroll, giving you more funds to explore various betting markets and increase your chances of winning.
When comparing bonuses, look for offers that provide a high percentage match and a substantial maximum amount. However, also consider the terms and conditions attached to these bonuses, as they can impact the overall value. A high bonus amount is attractive, but if the wagering requirements are too stringent, it might not be as beneficial as it seems.
Expiration Date
The expiration date is another crucial factor to consider when evaluating a sportsbook bonus. This refers to the amount of time you have to use the bonus money before it expires. Some sportsbooks may offer bonuses that expire in as little as 7 days, while others may offer bonuses that expire in 30 days or more.
A longer expiration period gives you more flexibility and time to meet the wagering requirements, making it easier to convert the bonus money into withdrawable cash. Always check the expiration date in the bonus terms and conditions to ensure you have enough time to make the most of the offer.
Game Restrictions
Game restrictions are also an important factor to consider when evaluating a sportsbook bonus. Some sportsbooks may offer bonuses that can only be used on certain games or types of bets, while others may offer bonuses that can be used on any game or type of bet.
For instance, a bonus might be restricted to specific sports like football or basketball, or it might only be applicable to certain bet types like parlays or single bets. Understanding these restrictions is essential to ensure that the bonus aligns with your betting preferences. Always read the terms and conditions of the bonus to understand any game restrictions that may apply, so you can make the most of your bonus money.
Promo Codes and How to Use Them
Few sportsbook bonuses require promo codes. These codes are usually 5 to 10 characters long and are needed to claim bonus funds or select the correct promotion when an online sportsbook has multiple options. Examples are ‘BET1000’ at BetOnline and ‘JOIN125’ at BetUS, each code is unique to its respective sportsbook.
On the other hand many betting bonuses in Canada don’t require a promo code at all. They are given automatically once you meet certain requirements like making a minimum deposit or betting several times.
Bonus for Specific Sports Betting Markets
Sportsbooks often release promotions with boosted odds for certain events so the betting options become more appealing when combined with signup bonuses. Sportsbook promos include various promotional offerings for different sports and markets, enhancing the betting experience. By understanding the scope and mechanics of these different betting markets you can use your bonus funds wisely to get the most out of it.
In the next sections we will look at popular and niche market offerings for specific sports and areas of sports betting.
Betting on Mainstream Sports
Globally people bet on sports like football, basketball and ice hockey. These sports have many betting markets where you can bet on specific outcomes within the games. For example in ice hockey you can do 1×2 single and multi bets which can be combined with signup bonuses from bookmakers.
In Canada’s sports scene where ice hockey is huge leagues like NHL and AHL provide plenty of opportunities to bet. By understanding these different betting markets across popular sports including ice hockey you can use your signup bonuses to get more out of sports betting.
Niche Markets
Niche betting markets may not be as popular as mainstream sports but they offer unique and profitable opportunities to bet on:
- Double Chance betting markets offer low risk by allowing you to bet on two of the possible outcomes.
- Futures bets are for long term results like winners of championships.
- Game props and player props allow you to bet on specific events within a game or performance metrics of individual athletes.
These areas can be a fun way to bet if you want to bet on something other than the standard options.
Exploring motorsports like Formula One, NASCAR or MotoGP gives you many options with all the races and series. When you bet on both mainstream sports and niche areas you can strategize your bets better and use all the sportsbook bonuses available to you on your chosen betting site.
Seasonal Promotions and Event Specific Bonuses
Special promotions are released around big sports events and holidays to enhance your betting experience by giving you extra rewards. For example during big sporting events bookmakers release unique offers where you can participate in contests that give away prizes like cash, bonus bets or even vacation packages.
These big events also come with special deals like free bets on the event itself – usually $5 to $10 – which adds an extra layer of excitement to the event and your betting activities. Boosted odds are common in these seasonal offers so you get more returns on your bets.
What about other promotional opportunities outside of big sports events? We will look into that later.
Big Events
Big sporting events like World Cup, March Madness, Super Bowl, World Series, Stanley Cup and NBA Finals and big golf and tennis tournaments have special betting promotions. These events attract sports bettors who want to take advantage of the promotional offers.
The influx of bettors to these big events is met with sportsbooks who tailor made offers to capitalize on this interest by releasing exclusive bonuses and promotions.
For example during the Super Bowl, various bonuses are offered through special promotions by sportsbooks. These can be free bets worth $5-10 for that event. Keep an eye out for these and you can increase your betting and potentially your profits.
Holiday and Seasonal Offers
During holidays and seasons, sports betting promotions are released. These are time limited, have start and end dates and the bonus bets must be used before they expire. To get a bonus bet during these promos you may need to place a cash bet at certain odds within the time frame.
Please note that these offers may be only available to customers who receive direct communication from their bookmaker via email or push alerts. Keeping track of these offers allows you not only to get holiday and season specific bonuses but also adds more excitement to your sports betting experience.
Ongoing Betting Site Promos and Bonuses
In addition to welcome bonuses, many sportsbooks offer ongoing betting site promos and bonuses to their existing customers. These promos and bonuses can help you earn more bonus money and rewards, and can be a great way to get more value out of your betting experience.
Some common types of ongoing betting site promos and bonuses include the previously explained reload bonuses, free bets and odds boosts but you can also enjoy of a VIP program and earn points along the way. Let’s look into it.
Loyalty Pays: Rewards and VIP Programs
When it comes to sports betting loyalty pays. Sportsbooks reward bettors with points for every bet you place and these points accumulate and unlock higher levels of rewards like having a dedicated account manager and access to exclusive offers. By being part of these programs you get to get exclusive promotions and bonus bets not available to all customers.
The loyalty programs for sports betting offers:
- Motivation to bet
- Compensation for losses
- Points for every bet placed
- Rebates or VIP privileges
- Weekly bonuses for betting a certain amount on parlays or other consistent bets.
A VIP membership with a sportsbook offers:
- Exclusive services, special rewards and recognition
- Bonus boosts like higher matching percentages for deposits
- Cash back offers
- Customized promotions with free bets
- Priority in customer support
- Faster withdrawal processing
- Higher betting limits
- Personal invites to events
VIP members also get access to contests exclusive to VIP members and have a dedicated account manager.
Tips to make a better use of your Sportsbook Bonus
Betting with Bonus Money
Using bonus money wisely is the key to your betting success. You can use these funds to hedge and convert your bonus bets into real cash. Remember that bet credits from sportsbook bonuses can only be used within that specific sportsbook.
You need to keep emotions in check and not chase losses which may lead to impulsive betting. Bettors should use their bonus money with a strategy in mind including things like the minimum stake to be eligible for a daily bonus bet of up to $100.
Minimum Odds Requirements
Understanding minimum odds requirements is key to getting the most out of your first bet. These conditions determine which odds are eligible when using bonus funds. For example, the Sports Interaction bonus requires that any bet must have odds of 1.5 or higher. In general many betting promotions require you to place bets with better odds or equal to, usually -300 or more.
Responsible Betting with Bonuses
Bonuses for sports betting can add to the fun of your gaming but it’s important to bet responsibly. Responsible gaming means not risking too much of your money or getting into a habit. Treat sports betting as a hobby not a way to make money.
To bet responsibly set a budget before you start. Limit access to extra funds not meant for betting and only bet on games or sports you know. Knowing the risks of sports betting is important. This includes struggling to stop and ignoring your set budget limits which may be a sign of addiction.
How do you set boundaries and stay safe while playing for stakes? What are the risks of using these bonuses? We will discuss below.
Setting Limits and Staying Safe
Setting boundaries is part of responsible gambling. It’s good to set a win threshold that will tell you when to stop betting when you reach your target profit. Using a balance index will help you manage your betting funds and stick to your budget.
Also be aware of signs of compulsive gambling. If you can’t stop betting or ignoring your set limits, get help ASAP. By putting these safeguards in place and being aware of the risks, you can bet sports safely and responsibly. Even when using bonus bets.
Risks of Bonuses
Sportsbook bonuses offer many benefits but not without risks. For example bet credits from these promotions have different expiration dates.
By knowing these risks you can maximize the value of your sportsbook bonus and bet safely and responsibly.
Summary
- Canadian sports bettors have access to many signup bonuses like deposit match bonuses and free bets which are key to increasing their initial betting bankroll and overall experience.
- Terms like wagering requirements, minimum deposit and minimum odds are important to understand when navigating signup bonuses as they affect the strategy for withdrawing winnings from bonus bets.
- Promotions like specific event bonuses, seasonal offers, loyalty rewards and VIP programs are key to keeping bettors engaged and providing extra benefits to frequent bettors.
Sportsbook Bonus FAQ
Generally, betting offers are available to all new customers who are legal adults (18 or 19 years old, depending on the province in Canada).
After signing up, you may need to enter a promo code during the registration process or make a qualifying deposit. Some sites automatically credit the bonus to your account, while others might require you to opt-in.
Wagering Requirements: The number of times you need to bet the bonus amount before withdrawing winnings.
Minimum Odds: The lowest odds at which bets count towards meeting wagering requirements.
Validity Period: How long you have before the bonus expires.
Eligible Markets: Some bonuses may only be used on specific sports or events.
First, double-check the terms and conditions to ensure you’ve met all requirements. If the issue persists, contact the betting site’s customer support for assistance. Be ready to provide details of your claim and any relevant communication or promotions you received.
Typically, no. Most bonuses come with wagering requirements that need to be met before you can withdraw the bonus amount or any winnings derived from it.