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Canada Sports Betting Bonus
We have reviewed all the best Canadian sportbooks bonuses. Gambling has long been one of the easiest and most fun ways to make a quick buck. Whether it is online at a large betting site or a harmless bet you made with your friends and family, the fun and excitement of winning the bet could be quite the experience. As exhilarating as betting can be, there is always a risk involved. Find the Biggest Betting Deposit Bonuses at all of the Top Sites in the Canada.
Best Welcome Offers for Canadian Players
- 100% up to $200
- Deposit: 5 x, min. odds 1,30
- 7 days
- 100% up to $100
- Min. deposit $10
- Deposit + Bonus: 5 x, min. odds 1,75
- 100% up to $250
- Bonus: 30 x
- 90 days
- Min. deposit $1
- Rollover: 5 x Bonus
- Min. odds 1,40
- Code: BOL1000
- 50% up to $1.000
- Rollover: 10 x, 30 days
- Code: ROOKIE50
- Bonus + deposit: 4 x, min. odds -200
- 2 other offers
- Min. deposit $10
- Min. odds 1,80
- 100% up to $200
- Deposit + Bonus: 5 x
- 100% up to $200
- Bonus + deposit: 8 x, min. odds 1,80
- 100% up to $125
- Min. deposit $20
- Deposit + Bonus: 10 x
- Code: CAN100
- 2-step-bonus, odds min. 1,50
- 15 days
You will not earn betting bonuses when you make a bet or gamble with your friend but you sure do get them when betting and gambling with a reputable online gambling site or walk-in gambling places.
There are different types of betting bonuses offered to bettors and all are slightly different in some way. We discuss the type of bonuses that are available later on in the article. We also mention some terms and conditions that generally apply to these bonuses and also some tips for you to possibly make the best use of the bonuses that you have received. So, keep on reading.
What is a betting bonus?
To completely understand how a betting bonus works, first of all, we need to understand what betting bonuses are. The easiest way to describe a betting bonus is to think of it as an amount that is credited to you which in turn, allows you to make more ‘free bets’ using those credited amounts. The free bets are in quotes for a reason. There are terms and conditions that apply to the free bets which will also be discussed later on.
There are some differences between a free bet made with a betting bonus and a normal regular bonus. Starting off with the unfortunate case, suppose you end up losing your bet, you technically do not lose any money since you placed the bet with the bonus that was given to you in the first place.
Next up is when you do win a bet, unlike a regular bet where you are returned your bet stake in addition to your winnings. But when you win using a free bet, you are returned only your winnings or profit.
Sometimes bookmakers – people who will take all the bets and calculate and payout the winnings – are chosen for this. But those are not always the most viable thing to do if you just want to get a betting bonus. Although selecting a bookmaker do get you of betting bonuses, there are also other ways you can avail exciting betting bonuses in other ways.
Types of Betting Bonus
To keep things interesting for players, gambling agencies and websites offer different types of betting bonuses. Each of them is awarded to you for different reasons which you are eligible for. For example, some are given when you deposit a certain sum of money and others are given to you when you open an account at an online gambling site. Let us go through the types of betting bonuses out there:
Welcome or Sign-up Bonus
Welcome bonuses also sometimes called sign-up bonuses and are one of the most common betting bonuses offered to gamblers. They are pretty self-explanatory. The most popular way these betting bonuses are paid is either as a certain percentage of your initial deposit or a small amount of money when you first sign up or make an account.
The aim for this bonus is to reward you as a new gambler and is offered by almost all betting sites out there. The percentage of bonus sometimes vary – some sites do a full 100% deposit bonus while some offer a 50% bonus on your deposit. This means, if you deposit say $100 for a 100% welcome or sign-up bonus will get you another full $100, whereas for 50%, you will $50.
Cash bonuses are also offered at the time of signup but are not paid out as a percentage of your deposit. You will get a fixed sum of money and you are free to spend the bonus for any wagering at any type of event.
No Deposit Bonus
No deposit bonuses usually come with a few terms and conditions and also a higher rollover requirement. These are sometimes offered to you during the signup process or during a major event or promotion, for example, the NBA or even the Superbowl. As the name suggests, you do not need to deposit any amount of money to avail this amazing bonus. So, you can start betting without even having to deposit anything on your own at first.
These are small amounts of money though and as mentioned before, come with a few wagering requirement and terms and conditions attached to them. No Deposit Bonuses are great for players or gamblers who are new the whole betting scene as they are not required to make an initial deposit to avail this bonus. It helps new gamblers to test out the waters without putting their own money on the line.
Many sites will offer you Reload Bonuses when you make further deposits. After you ‘reload’ your deposit once again you are eligible for this bonus. However, unlike the welcome bonus which can go up to 100% of your deposit, Reload Bonuses are usually lower percentage and some websites may not even offer reload bonuses at all to bettors. Some sites however, do offer reload bonuses only during special events or promotions.
Free Bet Bonus
Free Bet Bonuses are bonuses that will let players make bets without any risk. To avail them you will not need to deposit any money. Instead, this bonus is usually awarded to you when you have met a specific wagering requirement that might be in place. If your bet wins, you simply take your winnings. But in the unfortunate case of your bet losing, you face no risk of losing any real money.
Match Play Bonus
Match Play Bonuses are more like coupons and are again only offered to you after you have met some sort of rollover requirement. These are given out to you on the basis of how the match is going and can only be used once – just like coupons!
Bonus on Loss
Betting sites and venues will generally want to keep their bettors and gamblers around for as long as possible. So it is no surprise to anyone that many bettors actually do lose their bets and might feel demotivated to keep on going. This is where the Bonus on Loss bonus comes in. Many sportsbooks and betting sites will offer players a loss bonus, usually a certain percentage of your losses.
This helps the bettors feel slightly better about the loss since they managed to make at least some of the money back and thus makes them feel less demotivated. Sportsbooks and online betting sites would not want their players to reach a point where they wish to not continue betting anymore after incurring several losses. So, Bonus on losses are a way to encourage the bettors to keep on making stakes.
Everyone loves to feel acknowledged. Whether it be at a job or at a family gathering or even by your friends. Loyalty bonuses given by sportsbooks or betting sites are simply their way of acknowledging that you have been their loyal bettor for a certain amount of time and they want you to pay you back somehow.
These are usually availed by the help of loyalty points. Bettors rack up loyalty points as they place bets and when these loyalty point reaches a certain amount; a loyalty bonus might be given to you to show appreciation. These are typically in the form of cash, free bets or other types of bonuses.
High Roller Bonus
A High Roller bonus is usually given out to the people who are the highest bettors. If you have a substantial bank balance and are used to betting large amounts of money you can qualify for the high roller bonus. High Roller bonus is also given on deposits which are quite large. For example, some sites will give you a High Roller bonus of 50% if you make a deposit of $1000 or greater.
Terms and Conditions of Sports Welcome Offers
As you may have imagined, sportsbooks and online betting sites do not make it easy for the players to avail bonuses. Quite a lot of them have high terms and conditions that you need to comply with if you want to use your bonus amount on a bet or even be eligible for a bonus in the first place. Do keep in mind that not all sportsbooks and online betting sites will have the same exact terms and conditions.
So, it is advisable that you also check out the terms and conditions personally yourself to avoid any nasty surprises or disappointments. Having said that there are quite a lot of terms and condition in some cases so let’s get straight to it.
Some bonuses will expire within a certain time whether you use them or not. So, it’s best to not procrastinate and avail the bonus as soon as possible if you do not want to miss out.
All bonuses are not always available to every bettor. For example, some online betting sites do not offer bonuses for people from a specific region. The reasons for that could vary although one of the most common reason is a legal one. Online gambling is not allowed in certain countries and those regions thus are not given any bonuses.
Offers are only given to players who of course have an account and are also at a legal age for gambling. You must also comply with all the rules and regulation of the site that you are gambling with to avail the bonuses.
Wagering requirement/Rollover Requirements
Most bonuses more often than not come with a wagering or rollover requirement where you must wager a certain time or a certain amount of money before you can use the bonuses to make bets and place stakes.
Not Usable on All Bet Types
You also cannot use your bonus bets on all types of bets. This is something you would want to personally look up yourself and check with the site or sportsbook you have chosen to see where you are not allowed to use your bonus free bets on.
Offers are available Only to The Person That Offer is For
Bonuses can only be redeemed by the person whom the offer was given. All bonuses are usually almost always limited to one person, or that account or that specific payment method used. The sportsbook or the betting site also holds the rights to cancel the bonus at any time given there is a legitimate reason to do that.
Cancelling Bonus Will Also Forfeit Any Winnings
If for some reason a player chooses to cancel their bonuses, the player will also forfeit any winnings that may have come from staking that bonus amount. This is one of the most basic and most common conditions that are applied to bonus bets.
Violating terms will terminate all bonuses
All your bonuses may get terminated if your activities seem to be taking advantage of the system or are in violation of the terms and services. Some of the ways players attempt to take advantage of the system is by making multiple accounts to avail multiple bonuses and also the usage of VPN services or IP masking. Such activities are against the terms and conditions and could cause your bonuses or in extreme cases your account to be terminated.
As you can see, there are quite a lot of terms and conditions. These were very general and broad terms and conditions that we have mentioned. It is best that you personally check all the terms and conditions of the site or the sportsbook that you have chosen. Each site or sportsbook may quite possibly have their unique set of terms and conditions which are not outlined here and many of the sites out there usually do. Therefore, it’s best to read up the terms carefully.
Tips for Welcome Offers
Some bettors, especially beginners completely waste their bonuses by not knowing how to most effectively use them. We will try to give you some pointers on how you can make the most out of your betting bonus. So that you won’t have that feeling of regret when you realize down the line that you could have used that free bet in a better way and possibly could have won a larger sum of money.
The first thing you should do is make sure that you always collect the full amount of your bonus right away. Many bettors will collect a fraction of their bonuses, be it a welcome bonus or any kind of bonus. Collecting the full amount up front will leave you with a larger balance on your hands to initially start gambling with.
Second up you should find a suitable market to bet on. A good market where the odds are the highest and the payouts are also decent and. This will ensure that you make the best use of the bonuses in the long term. Also, carefully read the terms and conditions as well.
Frequently Asked Questions related to Betting Bonus
While betting online sites, a lot of things could seem to not be completely clear to everyone online. Here are some commonly asked questions that people have. If you have a question or are facing a problem, it is best to look into the FAQ section to see if the question has already been answered. If that does not help, you can of course contact the site or the sportsbook directly with your enquiry.
How do I know if I have been qualified for a bonus?
To check if you have received any bonuses or not you can simply check on the bonus tab. Most sites will offer a simply way to check your bonuses. The interface of different sites may vary though.
When will I receive my bonus?
Usually most of the promotions that are offering bonuses will pay out immediately once the steps that you need to qualify are done. But do check in with the site you have chosen to know their specific policy on this.
What are turnover requirements on bonus?
This is the amount that you must bet before you are able to withdraw the bonuses. Different sites may have different turnover rates for different types of bonuses.
When do I get winnings from my bonus?
Your qualifying bets must need to settle before the bonuses expires and after the turnover requirement is met before you can transfer the winnings for withdrawal.
Why did my bet not qualify for the bonus turnover requirements?
Some bonuses have specific turnover requirements and T&C for it count. Before making any bets with your bonus you should check these terms and conditions and then proceed.
Betting bonus has indeed made the betting game a lot of fun and frankly more accessible to people who need that little extra reason to gamble. Betting bonuses offered by online gambling sites and other sportsbooks are always an attractive option that will help your deposits and as well as your bets go that extra mileage with those extra few free bets. They certainly help a lot and there being so many different kinds of bonuses is just icing on the cake. However, we do not see the reason to pick a bookmaker for the sole reason of getting betting bonuses.
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