As the competition between online sports betting sites continues to get tighter, providers are coming up with more bonuses to get attention from bettors, especially new ones. This includes the several bonuses that users can get once they sign up on a site, which we will describe in detail. If you’re new to sports betting, you should take advantage of the bonus codes you’ll come across.
However, different bonuses affect gameplay in various ways and bring different results. If you want to choose what works the best for you and your style properly, you need to understand how each bonus works first.
As a preview, we give you ten of the best bookmaker bonuses you can get among hundreds of online betting sites:
1. Sports Interaction – 100% up to C$100 Welcome Bonus and up to C$100 Free Bets
2. Unibet – 100% Welcome Bonus up to C$250 and up to C$500 Risk-Free Bets
3. PowerPlay – 100% First Deposit Bonus of up to C$500
4. Bodog – 100% Sports Welcome Bonus of up to C$400
5. Bet365 – 100% Deposit Bonus of up to C$100 and up to C$200 Bet Credits
6. BetVictor – Matched Free Bet up to C$300
7. 888Sports – 100% Sign Up Bonus up to C$250 with C$10 Casino Bonus
8. BetWay – 100% Sign Up Bonus of up to C$300
9. 10bet – 100% Welcome Bonus of up to C$300
10. Spin Sports – 100% Free Bet Match up to C$200
What Are Betting Bonus Codes?
Bonuses and promos are great tools to help boost your bankroll. But they come with varying wagering requirements you need to fulfill first. Limitations of these bonuses are also discussed in the bonus’s terms and conditions.
Bonus requirements and limitations usually differ by site, but bookmakers usually require users to:
- Bet on specific odds;
- Make a certain amount of deposit;
- Only use the bonus within a certain period of time.
As mentioned, sites use bonus codes to attract bettors to their platforms. At the same time, these bonuses also keep their current users engaged and interested. Players, on the other hand, utilize bonus codes to get back lost funds and have more chances of winning.
Different Types of Bonus/Promo Codes
There are various types of bonuses and promos you may encounter on different sites. All of them are offered under their own conditions and can be used depending on certain factors. The most common bonus or promo codes are as follows:
Best Welcome & Sign-Up Bonuses
A sign-up or welcome bonus is only available for new users of an online sportsbook. Welcome bonuses are usually displayed on the site’s home page like an advertisement in order to get the bettors’ attention and encourage them to sign up on the site. Welcome bonuses come in various forms, but the most common is in the form of a deposit match-up. There are also instances where it gives free bets.
The bonus you’ll receive will depend on the preferences and generosity of the bookmaker. However, all welcome bonuses have time limits within which you should use the bonus code, or else it will be forfeited.
Deposit Match
Deposit match-up bonuses are similar to welcome bonuses. It’s called a deposit match since it usually gives back 100% of the new bettor’s initial deposit. For example, if you deposit C$100, the deposit match bonus will match it at C$100.
Be aware that there are maximum receivable amounts on every site. Sites will indicate an “up to” a specific figure that represents the highest match-up amount. A “100% Welcome Bonus up to C$200” means that the bonus is capped at C$200. If you try to deposit more than C$200, like C$250, the bonus will still be C$200.
Risk-Free Bets
Risk-free bets are a type of bonus that refunds the amount a bettor loses on their first wager. They come in three forms: site credit, free bets, and bonus cash. However, note that despite being called “risk-free,” there are still uncertainties and limitations associated with the bonus.
The most common form of risk-free bets is site credit. When you lose a certain amount, the bookmaker will refund you the same amount – this can be used to bet again. For example, you decide to support the Lakers in an NBA match with the GSW and place a total of C$450. If the GSW wins the game, you’ll lose your bet. The site will credit your lost fund back so you can use it again without having to deposit.
Some sport betting sites offer risk-free bets as a sign-up bonus. When claiming, remember that the refunded amount, once used and lost again, will forever be lost.
Boosted Bets
Boosted bets or odd boosts give you better winning odds. Out of all options on the list, boosted bets are the most peculiar. They are not as common as the other sportsbook bonuses, so you may not encounter them too often.
Vigorish or juice is the cut taken by a bookmaker when you wager. Consider it the bookmaker’s fee for their service – this is how they earn. A standard vig is 5% to 6%. With an odd boost promo, the vig is reduced and your bet is raised.
Seasonal or Event-Specific Offers
These offers are promos available only when there are special events happening on the site or in the sports industry. For example, a long-awaited tournament or a special site holiday. These offers can also signify the end or start of a season.
How to Get a Bonus?
The process of getting bonuses varies from one site to another. It also depends on whether you’re a new user or not. Claiming a bonus is easy for existing users since they can immediately choose which bonus they are familiar with, meet the requirements, and enter the bonus code.
Meanwhile, new users can get their bonuses by following the steps below:
1. Choose Your Betting Site
Pick your preferred betting site. You can always sign up on more than one site to enjoy more bonus offers, as long as your bankroll allows you. However, it’s not recommended to just sign up on the first site you see. Make sure to do your research first and compare the sites’ offers before choosing. You don’t want to miss out on a great deal.
2. Create an Account
Click the “Sign Up” or “Join” button on the website page. You’ll be asked to fill out some personal details, such as name, date of birth, contact number, email address, and mailing address. Make sure to input valid and updated information to avoid problems during the verification process. You’ll be asked to submit valid documents and IDs to prove your identity.
3. Deposit Funds
Deposit through a suitable payment method. Many sites offer a wide range of options, so pick the one that you’re most comfortable with. Here are the most common deposit methods:
● Debit/credit cards (Visa, MasterCard, etc.)
● E-wallets (Neteller, Skrill, Interac, PayPal, etc.)
● Cash transfers (Western Union, MoneyGram)
● Gift cards
● Prepaid cards
● E-checks
Most deposit processes are instant as long as you’re on a legit betting site.
4. Select the Bonus or Promo
Bonuses are claimed through depositing. When making a deposit, you can choose which bonus you want to claim (if offered multiple ones). There are also times when you simply make a deposit, and the offers will be given to you automatically. However, some sites require you to enter a code to claim the bonus.
The most important part of claiming your bonus is to read the offer’s terms and conditions. Take your time learning the requirements and ways you can get the bonus.
How to Withdraw the Bonus?
Most betting sites implement play-through or rollover. It’s the amount you need to bet before you can withdraw the money you earned with your bonus. It’s one of the ways a bookmaker can encourage its users to play more.
For example, you deposit C$400 with a 50% bonus and a rollover of x3. This means that you can get a total of C$600. But you can’t withdraw this until you’ve wagered x3 of the amount, which is C$1800.
Note that this isn’t how rollovers are always calculated. It still depends on the site, so make sure to read the terms and conditions of the bonuses first.
Final Thoughts on Best Sportsbooks Bonus Codes
There are many bonus codes available, and they vary from one sportsbook to another. Some offers might even be unique to a specific site only, so you need to find those that you like best. Bonus codes exist to engage users by giving them more opportunities to win. However, it’s still important to be aware of bonus limitations and requirements to get their full benefit.
Sports Betting Bonus Codes in Canada – FAQ
A sign-up bonus is exclusively offered to new users of a betting site. It’s usually a deposit match-up bonus where the site gives back up to 100% of your first deposit.
To get the bonus you want from your preferred betting site, you need to complete the registration and verification process first. After that, make a deposit through your chosen payment method and select the bonus you want to claim.
A risk-free bonus refunds the amount you lost in a bet in the form of site credit. You can then use this credit to bet again instead of making another deposit.
There are many types of bonuses, and they vary from one site to another. But, the most common types are welcome bonuses, risk-free bets, odd boosts, reload bonuses, and seasonal promos.
Some of the best websites to go to for bonuses are Sports Interaction, PowerPlay, Unibet, Bodog, and Bet365. They offer 100% welcome bonuses with additional promos like free bets.
Signing bonuses can only be claimed after your initial sign-up on a betting site. Sign up, make a deposit, and enter the code for the bonus or choose “Welcome Bonus” in the options to claim it.
Bonuses give benefits like free bets and deposit match-ups. Bookmakers offer these promos to attract more bettors to their site and encourage them to join.
Yes, only new bettors can claim and use sign-up bonuses. From the name itself, it’s given to users who are new to the betting website, so existing users won’t be able to redeem a sign-up bonus anymore.
Wagering requirements vary from one sportsbook to another, so you must read and understand them before committing to the bonus. However, most of the time, bettors are required to bet their bonus funds multiple times before they can withdraw them in cash.
You can manually access every betting site you know or have heard of to determine what they offer. For easier comparison, you can go to Canadiansportsbetting.org, to look at compilations of the best sites and bonuses they have.