Licensed Canadian bookmakers offer various sports betting bonuses to their members. These bonuses are designed to make your experience more thrilling and potentially increase your chances of winning.
All betting bonuses at Canadian sportsbooks have terms and conditions that you need to respect. Also, if you’re looking to claim such offers and use them, you should do so on reputable platforms. That’s exactly what we’ll talk about here. We share everything a punter should know about sports betting bonuses in Canada and provide you with a list of the best online bookmakers in the region.
Canadian sports betting bonuses are good to use only if their terms and conditions are reasonable. That’s the main reason why veteran bettors always say the terms of the bonus are more important than the reward promised. Here’s what how we check the best betting sites in Canada and their betting bonuses:
Size of the Offer
The first thing that we check when searching for the best betting bonuses is the size of the offer. A good sports betting offer should give you a decent amount of bonus funds. There’s no point in claiming an offer if the reward doesn’t correspond with your deposit.
Bonus Terms and Conditions
Bonus terms are where we pay extra attention. We inspect the wagering requirements, available betting markets, minimum odds, bet types, validity period, minimum deposit requirement, and more. These terms tell us whether the bonus is fair or not.
Payment Method Restrictions
Online betting bonuses may have payment method restrictions. E-wallets like Skrill and Neteller may be blacklisted. When checking for these restrictions, we want to make sure that the most popular payment methods and local options, such as Interac, aren’t unavailable to Canadian bettors.
Other Restrictions
Next, we look at any other potential restrictions Canadian bettors might face. Which Canadian provinces have regulatory bodies that permit legal online betting? Is the bonus specific to a certain group, like VIP members? The fewer restrictions the offer has, the better it is for bettors as they’ll have more flexibility.
Maximum Win Cap
The best betting bonuses have high maximum win limits. That way, the bonuses are suitable for all types of punters—casuals and those who are after the biggest rewards. As such, our math here is very simple—the higher the maximum win limit is, the better.
Common Types of Bonuses on Canadian Betting Sites
Reputable Canadian sportsbooks will provide you with a plethora of online betting bonuses. Each offer has unique specifications and by knowing them, you’ll know how to reap the greatest benefits. With that being said, here are some of the offers you can come across.
Welcome Bonuses
First up, we have the most popular one—sign up betting bonuses. Unlike other promos, these are one-time offers for new bettors only. You can claim them after making your first deposit at the chosen sportsbook. In most cases, the operator will match your first deposit and give you extra funds to bet with.
No Deposit Bonuses
A no deposit bonus is exactly what the term itself says—a bonus that you claim without transferring money to your betting account. They come in various forms, like bonus funds and free bets. They are usually given upon registration but before you make your first deposit. You can also receive them by entering unique bonus codes or when you level up in the VIP programme of the sportsbook.
Free Bets
Free bets allow you to bet without your own funds. At the same time, they unlock the path towards real money winnings. In most cases, free bets are offered as a no deposit offer or a welcome bonus. Each free bet has a maximum bet limit and the number of markets that you can use it on is limited.
Second-Chance Bets
Second-chance bet bonuses are promos given by Canadian sportsbooks for punters who’ve just claimed their welcome bonus. If your first bet loses, the betting site will give you a second chance by sending credits equal to the amount of your first bet. You can then use the credits to place a second wager.
Enhanced Odds
Thanks to enhanced (or boosted) odds, you can increase your potential payouts on certain events. Sportsbooks might highlight some popular matches and give you higher odds for certain bet types. If you use them, the operator will boost them, and thus, your potential rewards will increase.
Cashback Offers
A cashback bonus redeems some of the money you’ve lost. Only real money bets qualify for this offer. In most cases, Canadian sportsbooks offer weekly cashbacks. Your cashback is a percentile amount of the funds you’ve lost while betting on sports. Each offer has a minimum and maximum limit. The money that you receive is non-withdrawable. You can only use it to bet on sports.
VIP and Loyalty Rewards
Canadian online sportsbooks that have VIP programmes will provide punters with special VIP bonuses. These promos come in all shapes and sizes. Higher cashback percentages, exclusive match bonuses, no deposit bonuses, and more. Similar to betting welcome bonuses, VIP programmes also might give you one-time rewards when you reach a new level.
Reload Bonuses
Reload bonuses are very simple to understand. You just make a deposit and the sportsbook matches the deposit and gives you extra funds to play with. These offers are usually featured on a weekly basis, but they may be part of some time-limited events as well.
Referral Bonuses
Lastly, we have sports betting referral bonuses. You receive these when you invite other punters to the sportsbook in question. If they create an account via your invitation and make a deposit, you’ll receive a bonus. The bonus might come in the shape of a free bet, extra funds, or a match bonus based on their first deposit.
How to Claim the Latest Betting Bonuses in Canada
The process is quite straightforward, with several steps easy to complete. All in all, claiming a bonus shouldn’t take you more than a few minutes. The steps are usually like this:
Choose a sportsbook: Feel free to browse our top list. The platforms that we feature offer rewarding bonuses and are completely legal in Canada. Compare their features and pick one that matches your preferences.
Read the bonus terms. Before rushing to claim any betting bonuses, we recommend reading their respective terms and conditions. See if it is favourable for your needs and betting style.
Register an account: Fill in the required fields, confirm that you’re of legal age and accept the sportsbook terms. Keep in mind that the legal betting age in Canadian provinces is different.
Choose a payment method: Visit the cashier section and browse the list of payment methods. Choose one that suits you the most. Keep in mind that the banking option must be in your name.
Deposit and claim the bonus: Enter your payment details and the amount you want to deposit. Keep in mind that the minimum deposit requirement for the bonus might be higher than the minimum deposit limit of the platform.
Use the bonus to place a bet: Once you make the qualifying deposit, the sportsbook will automatically transfer the bonus to your account. Now you can use it to bet on the eligible markets.
Betting Options at Canadian Bookmakers
Canadian sports betting sites offer a variety of markets you can bet on. Popular local outrights are ice hockey, cricket, lacrosse, basketball, football, and soccer. These categories are featured at pretty much every bookmaker.
Popular leagues such as the NHL, NBA, CFL, MLB, and MLS are all up for grabs. The best betting bonuses are usually valid in these competitions. Thanks to that, you can bet on all of your favourite teams—the Montreal Alouettes, Toronto Raptors, Toronto Maple Leafs, Toronto Blue Jays, and the Montreal Canadiens are just a few to mention.
Understanding Online Sportsbook Bonus Terms
If you want to know how exactly bonuses work in sports betting, the answer lies in the terms and conditions. They lay out the rules of use. Apart from explaining how to claim them, they will tell you how you are supposed to use them and how you can withdraw winnings.
Wagering Requirements
The most important part of all sports betting bonuses is wagering requirements. They indicate how much real money you need to stake at the bookmaker before you can withdraw winnings made with it. In most cases, you calculate them by multiplying your deposit amount with the specified requirement. In other cases, you might need to multiply the deposit, the bonus, and the wagering requirement.
Minimum Deposit
Second, the minimum deposit tells you how much money you need to transfer to claim the bonus. This limit might be higher than the sportsbook limit. For example, if the bonus minimum deposit is $20 and the sportsbook minimum deposit is $15, you need to transfer $20 to claim the bonus. You can also transfer $15 as well, but if you do so, you won’t receive the bonus.
Maximum Win
Maximum win is a cap on the reward that you can receive. Let’s say that you claimed a sports betting bonus with a maximum win of $500. The bet that you placed with the bonus has a $1,000 payout. If it’s a winning one, the sportsbook won’t transfer $1,000 to your account. You’ll only receive $500.
Minimum and Maximum Bet Limits
Minimum and maximum bet limits are a common feature in sports betting bonuses, especially the latter. They provide you with a range of how much money you can place when using the bonus. As such, they also limit the amount that you can win.
Payment Options
The terms and conditions might provide you with a list of payment methods that you can’t use. Although they’re not that common, they’re still worth a mention. E-wallets like Skrill and Neteller are among the options that are often banned from claiming a bonus. That means that even if you make the required deposit with them, the sportsbook won’t grant the bonus.
Validity Period
Validity refers to the timeframe within which you must meet all terms and conditions. The longer it is, the better. If you don’t meet all other terms within the specified period, the operator will forfeit the bonus. If you’ve won a certain reward with the bonus, you’ll lose that as well.
Betting Market Restrictions
Finally, we have market restrictions. These apply to the bet types that you can place, minimum odds, and sports you can bet on. For example, a certain bonus might only be usable on multi-bets where your odds are 1.50 or higher. The available sport can only be the NHL.
How to Pick the Best Sports Betting Bonuses in Canada
When it comes to picking the best betting bonuses, personal preferences play a huge role. However, there are some universal features we recommend taking into consideration.
Low wagering requirements: This means the real money stake that the sportsbook requires will be lower. Logically, the less real money you need to stake at the bookmaker, the easier it will be to meet them.
No market restrictions: If the bonus has too many restrictions related to the markets, odds and bet types, then punters will have little to no flexibility. So, make sure that the market restrictions aren’t too much and that the bonus applies to your preferred sports.
Long validity period: Bonuses that have a long validity period will give you extra space to meet the wagering requirements. As such, you won’t be required to wager a large sum of money in a short timeframe.
Low minimum deposit: Low minimum deposit limits go hand-in-hand with low wagering requirements. If you prefer to bet with relatively lower amounts, a bonus with a high minimum deposit requirement won’t fit you at all.
Seize the Best Promotions Across Canada’s Sportsbooks
Sports betting bonuses have the potential to offer a distinctive experience. Fortunately, Canadian sportsbooks offer various bonuses today for every type of bettor. So, you’ll always have something new to choose from.
Just remember to pay attention to the terms and conditions, such as wagering requirements and certain restrictions. They are crucial for utilizing the bonus and withdrawing any potential winnings.
If you’re looking to find the best online sports betting bonuses in Canada, browse our list. The sportsbooks we feature are known for their rewarding promotions and impeccable security. All you have to do is pick a platform that matches your taste. After that, you’re more than welcome to begin your betting journey with a beneficial bonus.
Sports Betting Bonuses Canada FAQ
Canadian bookmakers feature a wide range of promotions, including welcome bonuses, reload offers, free bets, no deposit bonuses, VIP benefits, referral rewards, boosted odds, as well as second-chance bets.
Meeting the wagering requirements is a must when using betting bonuses. Otherwise, you won’t be able to withdraw winnings you earn using the bonus.
We compiled a list of the top Canadian sportsbooks that provide betting bonuses. Feel free to browse our list and choose an operator that matches your preferences.
Terms and conditions lay out the rules of use. Apart from telling you how to claim and use the bonus, they give instructions on what you must do before you can withdraw bonus winnings.
To claim a sportsbook welcome bonus, pick a sportsbook and register. Make the qualifying first deposit and if required, enter a bonus code. The platform will usually automatically transfer the bonus to your account.
To withdraw winnings made with betting bonuses, you need to make sure to meet the bonus terms. If the sportsbook requires it, you must also verify your account. After that, just pick a payment method and send a withdrawal request.
If the bonus applies to your favourite sports and its terms and conditions are easy to meet, then it’s worth claiming. It can increase your potential winnings and thus give you a better experience overall.
