Betting Bonuses Canada - What You Need to Know
Betting bonuses in Canada are not much different than those in other countries. They are all designed to attract and retain players and give them something extra on top of their deposits. There is a variety of bonuses and promotions in the market, and that’s great news because you have the chance to choose and pick those you like best.
Since sports betting bonuses come in different shapes and sizes, we suggest you look closely into what’s offered when choosing a welcome bonus. Make sure to read the small print as well, as the terms and conditions can make a difference when it comes to selecting the right bonus for you.
The best bonus offers should come in local currency, bring value to your bets, and not set some unrealistic conditions for claiming the bonus funds and subsequently withdrawing potential winnings. Let’s look at what forms the best betting offers Canada could come in before you decide what offers you want to claim.
Different Types of Betting Bonuses in Canada
The good thing about sports betting welcome bonuses is that there is something for everyone, so you shouldn’t have too much trouble finding the best ones for you. Whether you prefer a free bet, a deposit match, or something else, you will certainly find something for yourself.
Betting sites also offer cashback bonuses, referral bonuses, free bets and other promotions to their loyal customers as well, so you can expect some treats if you remain with a sportsbook long enough to activate these bonuses.
Here are some of the most popular types of betting bonuses for Canadian players:
Free Bets
A free bet is one of the most popular types of sports betting promotions, and bettors love having free bets as welcome bonuses when signing up with a new sportsbook. When it is a welcome bonus, a free bet comes in the form of bonus funds a bettor gets when opening an account, typically after making the qualifying first deposit.
A thing that you should note is that the free bet bonus is commonly called the Bet and Get bonus in Canada, but they are practically the same bonuses.
Sometimes, a deposit is not required to claim the bonus, and that’s a no-deposit free bet bonus. Betting sites can offer free bets to existing customers as well, on a weekly or monthly basis, to reward their loyalty. The no-deposit free bet can also be used as an incentive to motivate a dormant customer to place new bets.
So, how does a free bet work? You get some credits or bonus funds from the bookie that you can use to make an additional bet, typically under the conditions that the sportsbook sets. If your bet wins, you will get to collect the winnings, but without the wager. You might need to play through the bonus amount a few times before making a withdrawal, but more on that later.
Deposit Match Bonuses
Deposit match bonuses are among the most common betting bonuses in Canada. It is a welcome bonus that also gives additional funds to bettors up to a certain percentage and amount that the bookie sets. For example, the bonus could be 100% up to C$300, meaning that if you make a C$100, you will receive another C$100 in bonus funds, typically as site credits.
These bonus funds are not withdrawable, and you’ll need to use them all (maybe even play through the bonus amount a few times) before being able to make a withdrawal request.
Cashback Betting Bonuses
Players who enjoy cashback betting bonuses shouldn’t have too much trouble finding them among Canada sports betting bonuses. They might not be as common as free bets and deposit match bonuses, but sportsbooks in Canada still offer them, especially as promotions for existing customers.
If you claim a cashback bonus at a sportsbook, that means that you can get a certain percentage of your losses back, be it on a weekly, monthly or some other level. For example, if you claim a 25% cashback bonus up to C$100, and you lose C$200 during one week, you can get C$50 back to use on your future bets.
Reload Bonus
Reload bonuses are applied to second or other deposits except the first one. It is a deposit match bonus for returning bettors who are making another deposit with the sportsbook. A reload bonus could be 50% up to C$200, for example, or something similar. The funds you receive as a bonus are not withdrawable, so you should use them to make future bets with the sportsbook.
Boosted Odds Bonus
Sportsbooks sometimes boost the odds on a certain event they want to promote and on a market they select. A boosted odds bonus is available to all bettors, but there could be a specific limit to the number of times you can claim it during a time period.
Bonus Terms and Conditions in Canada
You have probably noticed that most (if not all) bonuses come with attached terms and conditions, and betting bonuses in Canada are no exception. We will list some of the most common bonus terms and conditions so you can know what they are about before claiming a bonus offer from a sports betting site:
- Wagering requirements (also rollover or playthrough requirements) indicate the number of times you need to play through the bonus amount before being able to make a withdrawal request. For example, if you received a bonus of C$50, you will need to play through that amount at least once, but usually multiple times. For example, if the wagering requirement is 3x, you will need to make bets for at least C$150.
- Minimum odds: Bookie can set minimum odds that you can bet on using the bonus funds. For example, the minimum odds can be 1.60, meaning that all bets you make need to have odds that are equal to or higher than 1.60.
- Expiration date: The bonus funds don’t last indefinitely, and you’ll need to use them during the timeframe that the sportsbook has set, whether it is one week, 15 days, or 30 days.
- Event or market limitation: As we have mentioned, sometimes the betting site uses a bonus to promote an event, so it is possible that you can use the bonus funds to bet only on one event or tournament that the site selected.
- Legal or territorial limitations: Check the legal and territorial terms the sportsbook has set for the bonus to ensure you are eligible to claim the offer.
Canada betting bonuses await you, but make sure to read the terms and conditions carefully before claiming an offer you find attractive.
