Canadian sportsbook bonuses
When signing up at Canadian sportsbooks you will be given the opportunity to claim a welcome package or sign-up bonus, which can come in many different forms. This article will run you through the best bonus offers for Canadian dollar deposits and the different types available on the internet in 2018.
Best betting sign-up offers for Canadians
This section will tackle the bonus offers available at the sportsbooks that the WorldGamblingList endorses for Canadians. We will update this page regularly and from time to time we will have new offers available, so be sure to bookmark the page and check back when you are looking for a boost to your betting bankroll.
Types of sportsbook bonuses
The vernacular surrounding sports betting and bonus offers has changed, with regulation largely stamping out the use of the term “free bet”. However, there are still plenty of different bonuses and promotions available to Canadian sports bettors. Here are some of the most common you will come across.
Sign-up bonus: Could be called a welcome package or deposit bonus. These generally happen when you open a new account. The sportsbook will match your first deposit anywhere from 25% to 200%. These bonus will come with wagering requirements that you must clear before you can withdraw your winnings.
Reload bonuses: This is a bonus you will receive after you have exhausted a welcome bonus. Often the matched bonus offer will not be as big as your welcome bonus, but anything for free is good, right? Not all sportsbooks will have a reload offer, while others will just have offers when big events are on.
Free bet bonuses: These usually work when you place your first bet. The website will give you a free bet of the same value to place on another sporting or racing event. Be aware that you generally don’t get the stake back if you win on your free bet. Winnings are often subject to wagering requirements.
Cash back / Percentage of loss: Some sportsbooks will give punters money back on their losses on a weekly or monthly basis. Often it will be 3% or 5% which can add up quickly if you are a big bettor.
No deposit bonus: We have seen it out there in 2018 – a sportsbook genuinely giving you a bet for nothing. We will keep you posted.
Can I claim a welcome package with every CAD deposit method?
Often in the fine print of an online betting site it will say that you cannot claim a bonus offer if you make the deposit with a certain method. Skrill and Neteller are some examples of this. This is because there are greater fees associated with some deposit methods and the gambling company is trying to keep the costs down.
Are sportsbook bonuses legal in Canada
Yes, they are perfectly legal and many sites licensed by our very own Kahnawake Gaming Commission offer welcome packages. The WorldGamblingList.com watches the industry closely in Canada and will update this page if legislation outlaws bonus offers like it has in several other countries.
How do wagering requirements work?
In theory wagering requirements are put on a bonus bet to stop the punter from simply withdrawing the money as soon as they receive it. However, they have become somewhat of a way for some online sportsbooks to stop the punter actually profiting from the bonus offer. It really does pay to go into any bonus offer with your eyes wide open.
A 100% sports betting bonus up to $100.
The punter deposits $100 and receives his $100 bonus which has a 5x turnover requirement on both the first deposit and the bonus amount. So to clear the wagering requirement you must make $1000 worth of bets (5 x $200 = $1000).
Not all wagering requirements will include the original deposit, but you get the drift; the sportsbook might include it and it will make it much harder for you to walk away a winner.