Discover the top promotional codes and bonuses offered by leading Canadian sportsbooks like Betway, bet365, 888sport, BetVictor, Sports Interaction, Pinnacle, and LeoVegas right on this page. Explore the finest sportsbook offers in Canada today.
Best bonuses in Canada (excluding ON)
Features
- Monthly new customer rewards
- Quick and easy deposits
- Mobile app available
FanDuel Faceoffis a new DFS platform from betting giant FanDuel. This US-based betting platform lets you get started right away with a welcome offer, and various games to play.
Features
ParlayPlay Review
Once you join the site, you’ll be treated to a two-tier welcome bonus — a $5 no-deposit bonus and a 100% match on your first deposit, up to $100.
Features
Features
- Free to play social sportsbook
- Mobile only
- Diverse gaming options
Thrillzz a new DFS platform for the free-to-play user. This US-based betting platform lets you get started right away with a welcome offer, and various games to play.
Features
Boom Fantasy Review
Boom Fantasy is a DFS platform that began its US operations in 2015. This New York-based betting platform lets you get started with a $100 welcome bonus by entering the Boom promo code.
Features
ThriveFantasy Review
Thrive Fantasy is a daily fantasy sports (DFS) platform launched in 2016. The NY-based operator offers a unique DFS experience, focusing on player props instead of setting salary caps for player drafts.
Features
Quick links On this page
- Best bonuses in Canada (excluding ON)
- Top bonus and promo offers in Canada
- Best Canada sportsbooks reviewed
- Betting options in Canada
- Betting bonuses terms & conditions
- Canada sportsbook bonuses quick facts
- Bonus types from sportsbooks in Canada
- How to use bonuses and promos in Canada
- Matched deposit bonus offers
- Key developments in Canada sports betting this year
- No deposit bonuses
- Referral bonus
- Boosted odds bonus offers in Canada
- Reload bonuses
- Bonus spins
- Bonus vs. cash bonus
- Rollover requirements
- Other terms and conditions
- Loyalty and VIP programs
- Contests
- Where to find the best sportsbooks’ bonuses
- Canada sportsbook bonuses FAQs
Top bonus and promo offers in Canada
Many betting sites are competing for your attention, putting in the effort to differentiate themselves from the competition. The top sports betting apps and online casinos in Canada offer enticing sign-up bonuses to attract new customers. Here are the most sought-after welcome bonus offers that you should be aware of.
Underscoreg | Welcome offer | Promo code ✅ |
---|---|---|
⭐ Betway | $300 deposit match | Claim $300 without code |
⭐ Stake | 200% Deposit Match up to $3,000 | SBR3000 |
⭐ BetVictor | 100% deposit match up to $600 | Claim $600 without code |
⭐ Sports Interaction | 125% deposit match, up to $250 | Claim $250 without code |
⭐ bet365 | Get up to $1,000 in bonus bets | SBRPROMO |
⭐ Bet99 | 100% deposit match up to $1,000 | SBRBONUS |
⭐ 888 Sport | Up to a $500 deposit match | SBRBONUS |
⭐ LeoVegas | Bet $25, get $50 in free bets | Claim $50 without code |
⭐ Pinnacle | N/A | SBRVIP |
⭐ Novibet | Double the first deposit up to $400 | Claim $400 without code |
⭐ Come On | Bet $25, get $25 | Claim $25 without code |
⭐ Betsafe | $500 deposit match | Claim $500 without code |
⭐ Tonybet | 100% match up to $350 | Claim $350 without code |
⭐ Coolbet | $200 deposit match | Claim $200 without code |
⭐ bwin | $200 deposit match | Claim $200 without code |
⭐ William Hill | Insure your bet up to $500 | Claim $500 without code |
⭐ Bet Regal | $300 deposit match | Claim $300 without code |
⭐ Power Play | $500 deposit match | Claim $500 without code |
Best Canada sportsbooks reviewed
Do not feel daunted by the multitude of Canadian sportsbook choices available. We have thoroughly researched and will showcase the top Canadian sportsbooks that stand out. With special features and promotions, these leading operators offer unique value that you should definitely consider utilizing.
1. Betway
Established in 2006, Betway has experienced consistent growth in Canada and the wider North American market. Its standout feature is its extensive live betting options, conveniently accessible through the dedicated ‘In-Play’ tab on both the browser and mobile app. Users can enjoy benefits such as live statistics, a variety of live betting markets, and top-notch live streaming for specific games.
Currently, new users who use a Betway promo code can receive a 100% deposit bonus (up to $300), where the initial deposit will be matched based on the amount wagered. Simply register through our exclusive referral link in the table below to automatically apply the bonus after your first deposit is processed. A minimum deposit of $10 is required, along with a 10x playthrough requirement on odds higher than 1.75 (-133). No Betway promo code is necessary to take advantage of this offer.
Betway CA | |
---|---|
⭐ App Store rating | 4.7/5.0 ⭐ (5.3K reviews) |
Google Play rating | 3.7/5.0 ⭐ (12.2K reviews) |
Best feature | Live betting options |
Live streaming | Yes |
Current welcome offer | 100% deposit bonus up to $300 |
Payout speed | 1-5 days |
⬇ Download size | 78.6 MB |
2. BetVictor
Established in 1946 in East London for greyhound racing betting, BetVictor has evolved into a powerhouse in the industry. With competitive odds and a vast array of sports and betting options, it remains a popular choice for punters. Standout features include a user-friendly betting app for both iOS and Android, flexible deposit and withdrawal limits, and live streaming for select events like the PGA Tour.
Users in Canada who are new to the platform can receive a 100% deposit match bonus of up to $600 spread across three deposits. A minimum deposit of $10 is required, and no BetVictor promo code is necessary.
Sign up using our unique referral link to receive deposit bonuses credited to your account balance after confirmation of transactions. Additional terms include a minimum deposit of $10 and a 10x playthrough requirement on odds higher than 1.75 (-133). This promotion must be redeemed within 14 days of account creation, or it will expire.
BetVictor CA | |
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⭐ App Store rating | 4.7/5.0 ⭐ (1.1K reviews) |
Google Play rating | 3.5/5.0 ⭐ (4K reviews) |
Best feature | Strong betting app |
Live streaming | Yes |
Current welcome offer | 100% deposit match up to $600 |
Payout speed | 1-5 days |
⬇ Download size | 112.7 MB |
3. bet365
Since its humble beginnings in 2000 with just 12 employees crammed into a trailer, bet365 has made significant strides to become one of the biggest sportsbooks globally. Familiar to many Canadians, bet365 is a trusted name in the industry. Don’t forget to enter the bet365 promo code SBRBONUS when signing up to make the most of the welcome offer.
In recent years, the robust live betting market of this platform has gained significant popularity due to its wide variety of same-game parlays and live analytics. The mobile app has been designed for convenience, closely resembling the website to ensure a seamless user experience across platforms. Boasting an impressive app rating of 4.6 or higher from nearly 200,000 reviews on iOS and Android, it is evident that this platform has been a success.
bet365 CA | |
---|---|
⭐ App Store rating | 4.7/5.0 ⭐ (87K reviews) |
Google Play rating | 4.6/5.0 ⭐ (97K reviews) |
Best feature | Good selection of same-game parlays |
Live streaming | Yes |
Current welcome offer | Up to $1,000 in bonus bets OR bet $10, get $50 in bonus bets |
✅ Bonus Code | SBRPROMO |
Payout speed | 1-2 days |
⬇ Download size | 30.8 MB |
4. Pinnacle
Pinnacle is a well-regarded sportsbook that has been a reputable company since its inception in 1998. As one of the top sportsbooks in Canada, Pinnacle has consistently provided high-quality sportsbook and casino options. The website is user-friendly and offers competitive betting odds, particularly for live betting. Customer service is a standout feature, with a responsive and friendly live chat option. While Pinnacle does not currently have a mobile app, the website is optimized for both desktop and mobile use.
Pinnacle CA | |
---|---|
Initial launch date | 1998 |
⭐ App Store rating | N/A |
Google Play rating | N/A |
Best feature | Competitive live betting odds |
Live streaming | No |
Payout speed | 1-5 days |
5. PowerPlay
PowerPlay, a newer player in the sportsbook industry, launched in 2018 and has been successful primarily in online casinos. With the help of a partnership with FSB Tech, PowerPlay’s sportsbook has seen growth in live betting offerings and functionality. Despite occasional lagging on the website, the betting market selection is expanding and PowerPlay’s success in other countries is reaching Canada. Although there is no mobile app yet, mobile functionality has improved and the future looks promising.
Newcomers to PowerPlay can claim the $500 deposit match welcome bonus. Keep an eye on the website for additional promotions and giveaways to maximize your rewards.
Powerplay CA | |
---|---|
Initial launch date | 2018 |
⭐ App Store rating | N/A |
Google Play rating | N/A |
Best feature | Live betting functionality |
Live streaming | No |
Payout speed | 1-5 days |
6. LeoVegas
Established in 2012, LeoVegas originated as a mobile gaming platform in Sweden. Since then, it has expanded into various European countries and more recently, Canada. Although the company has experienced growth in sports betting, its main focus remains on casino games, with the sportsbook playing a secondary role.
Despite this, the platform offers a wide variety of betting markets, particularly for soccer leagues and various types of bets. Soccer is incredibly popular worldwide, so it is no surprise that it has the most market options available, even in Canada.
New users at LeoVegas can receive a welcome bonus of $50 in free bets after placing a bet of at least $25. Simply sign up through our link, make your first deposit, and place your qualifying bet to automatically receive the bonus. No promo code is necessary to redeem this offer.
LeoVegas CA | |
---|---|
Initial launch date | 2012 (Underscoreg in 2016) |
⭐ App Store rating | 4.3/5.0 ⭐ (2.3K reviews) |
Google Play rating | 3.9/5.0 ⭐ (5.1K reviews) |
Current welcome offer | Bet $25, get $50 in free bets |
Best feature | Soccer betting markets |
Live streaming | No |
Payout speed | 1-5 days |
7. TonyBet ⚽
Originally launched in 2003 as OmniBet, the online betting platform was rebranded as TonyBet in 2012 following its acquisition by professional poker player Antanas Guogo, also known as ‘Tony G’. While TonyBet has historically focused more on its casino offerings, the sportsbook side of the platform also has its own unique advantages.
While TonyBet’s layout may be somewhat messy and its odds less competitive than others, we must admit that the operator stands out with its helpful 24/7 customer support and wide range of live betting and esports markets.
New customers at TonyBet can start off their betting experience with a $350 free bet promotion. To find out more, click the link in the table below or visit our TonyBet bonus code section.
TonyBet CA | |
---|---|
Initial launch date | 2012 |
⭐ App Store rating | N/A |
Google Play rating | N/A |
Current welcome offer | Up to $350 in deposit matching bonus |
Best feature | Esports betting markets |
Live streaming | No |
Payout speed | 1-5 days |
8. 888sport
888sport, established in 2008, is an experienced player in the industry known for its polished desktop and mobile platforms. Its iOS and Android apps perform smoothly, boasting a sports catalogue that competes with leading rivals. However, one downside is that the 888sport sportsbook app is distinct from its casino and poker apps, with separate account balances that cannot be shared or transferred between apps. On a positive note, the customer support team is highly supportive, offering a friendly and responsive live chat feature.
New users of 888sport can benefit from the welcome bonus, which offers a 100% deposit match up to $500. Additionally, you will receive a $10 casino bonus after your first deposit is confirmed. To find out more, click the link in the table below and remember to use the promo code SBRBONUS when registering.
888sport CA | |
---|---|
Initial launch date | 2008 |
⭐ App Store rating | 4.4/5.0 ⭐ (1.7K reviews) |
Google Play rating | 4.4/5.0 ⭐ (5.5K reviews) |
Current welcome offer | 100% deposit match up to $500 + $10 casino bonus |
✅ Promo Code | SBRBONUS |
Best feature | Smooth betting app |
Live streaming | No |
Payout speed | 1-5 days |
9. NEO.bet
NEO.bet, a German sportsbook, went public in 2018 and expanded to Canada in 2022. While still working on gaining traction in the Great White North, the iOS and Android apps are now available and performing well. The website and app have a simple layout with a limited selection of sports markets, but there is a dedicated esports page with a wide variety of options.
The NEO.bet welcome bonus stands out by offering rewards on your first three deposits. The first deposit earns a 100% match up to $200, while the second and third deposits both receive a 100% match up to $100. For further details, click the link provided in the table below.
NEO.bet CA | |
---|---|
Initial launch date | 2018 |
⭐ App Store rating | 4.0/5.0 ⭐ (49 reviews) |
Google Play rating | 4.1/5.0 ⭐ (564 reviews) |
Current welcome offer | 100% deposit match up to $400 |
Best feature | Large selection of esports markets |
Live streaming | No |
Payout speed | 1-5 days |
10. Bet99
Bet99 has been a prominent player in the Canadian betting market since 2019, capturing the attention of sports fans with extensive advertising. The website and mobile app offer a user-friendly layout with easy access to features like ‘In Play’, ‘Promotions’, and casino options. However, users may encounter bugs and unexpected logouts. Despite these issues, Bet99 impresses with a wide range of market offerings, including a diverse selection of esports.
When it comes to welcome offers, the Bet99 welcome bonus is one of the most generous available. New players can receive a First Bet Encore worth up to $1,500. To take advantage of this offer, simply click the link in the table provided and use the special Bet99 promo code SBRBONUS during sign-up.
Bet99 CA | |
---|---|
Initial launch date | 2018 |
⭐ App Store rating | 4.7/5.0 ⭐ (705 reviews) |
Google Play rating | 4.7/5.0 ⭐ (1K reviews) |
Current welcome offer | Up to $1,500 First Bet Encore |
✅ Promo Code | SBRBONUS |
Best feature | Convenient layout |
Live streaming | No |
Payout speed | 1-5 days |
Betting options in Canada
Underscoregs provides bettors with an array of attractive bonus offers to differentiate themselves in a saturated market. You can take advantage of various bonus bets, enhanced odds promotions, deposit matches, bonus wagers, and more. By capitalizing on these sportsbook bonuses, you can potentially increase your profits throughout the year, making it important to seize as many opportunities as you can.
Nevertheless, it is important to be aware of the wagering requirements and other terms and conditions associated with the sportsbook bonuses. To simplify the process, we have compiled all the information on our sportsbook bonus page to guide you through the fine print.
There is a diverse selection of sports options available, such as NBA betting sites, March Madness betting sites, March Madness betting promos, NFL parlay betting sites, and NFL prop betting sites, just to name a few.
Continue reading to discover the thrilling promotions available for you to enjoy today at top sportsbooks and betting apps in Canada.
Betting bonuses terms & conditions
Getting bonus bet credits can help you make the most of your money when trying out sports betting. It’s crucial to familiarize yourself with the terms and conditions of these bonuses and learn how to make the most out of them before they expire.
Expiration of promotions & bonus bet credits
It is important to note that bonus bet credits promotions typically have a short expiration period, usually one to two weeks after being received. It is essential to verify the validity period of your rewards to prevent them from expiring before use. Similarly, promotions themselves have an expiration date as new bonuses take their place. Be sure to stay updated on these changes to take advantage of the latest offers.
Odds & wagers requirements
Certain bonus bet credits come with odds and wagering limitations. The odds restriction usually begins at -200, which means that any bonus bet placed on a betting market with odds of -201 or higher will not be accepted. This rule is in place to prevent individuals from selecting heavily favored outcomes in order to convert bonus bets into actual money.
This is when wagering requirements become important. Certain sportsbooks offer a ‘play-through’ or ‘rollover’ bonus, which requires you to bet a certain amount before you can withdraw bet credits as actual cash.
If you deposit $100 with a 3x rollover bonus, you will be required to wager at least $300 before being able to withdraw any funds.
Game & win limits
A game limit defines the restrictions on how bonus bet credits can be utilized within a particular sportsbook. For instance, some sportsbooks may restrict the use of bonus bets on specific sports or betting markets.
In the same way, a win limit restricts the amount you can win from a bet made using bonus bet credits. For instance, if a $40 bonus bet results in a $200 win but the win limit is $100, you will be unable to withdraw the remaining $100.
Canada sportsbook bonuses summary
⚖️ Legal betting age | 19; 18 (AB, MB, QC) |
Online sports betting | Yes – 10 provinces, 3 territories |
Largest betting region | Ontario |
Best Canada welcome bonus | Betway |
Best Canada sports betting site | Sports Interaction |
➡️ Best Canada sportsbook for odds | Pinnacle |
Best Canada sports betting app | bet365 |
⭐ Last Verified | July 2024 |
Bonus types from sportsbooks in Canada
Canadian sportsbooks commonly provide various bonus bets, with the most popular promotions being welcome (sign-up) bonuses that can only be claimed upon registration.
Furthermore, returning players can also take advantage of bonus bets, which can be awarded for various reasons. Below are some of the most popular types of free bet bonuses offered by Canadian sportsbooks.
➡️ Deposit match bonus
When you make your initial real money deposit with a sportsbook, a deposit match bonus matches it up to a specific limit. For instance, if a sign-up offer is a 50% deposit match up to $1,000 and you deposit $250, you will get $125 in bonus bet credits.
Please keep in mind that bonus bet credits cannot be cashed out like real money. This means that the $125 bonus cannot be withdrawn and used for other purposes.
➡️ Bet & get bonus
Certain sportsbooks offer a promotion known as a ‘Bet and Get’ bonus, where a minimal bet can result in a significant amount of bonus bet credits. For example, one common promotion could be ‘Bet $5 and receive $200 in bonus bets,’ meaning that regardless of the outcome of the initial wager, the bettor will still receive a substantial bonus.
➡️ No deposit bonus
In some cases, a sportsbook may provide new players with a no deposit bonus. This promotion allows players to try out sports betting for free, as they receive bonus bet credits without needing to make a deposit.
➡️ First bet insurance bonus
A first bet insurance bonus, also known as a ‘no-risk first bet’, offers protection for players placing their first wager with a new sportsbook. If your initial bet of $20 loses, you will receive $20 in bonus bet credits.
➡️ Parlay insurance bonus
Parlay insurance bonuses offer players a chance to be creative with multi-leg combination bets. Typically, these promotions mandate a parlay bet with a minimum of four legs and will compensate the player with bonus bet credits if only one leg fails to succeed.
If you were to wager $40 on a five-leg parlay and four legs were successful, you would receive $40 in bonus bets. However, if only three legs won, the parlay insurance bonus would not be triggered.
➡️ Reload bonus
A reload bonus is a deposit match bonus specifically for players who are returning to the platform. This promotion is usually given randomly and may be communicated through notifications on the sportsbook app or via email. It is important to note that there may be a limited time to claim the bonus, so it is recommended to check the time frame before taking advantage of the offer if you do not have the funds available immediately.
For instance, a reload offer of 75% up to $200 means that depositing $200 in real cash would result in receiving $150 in bonus bet credits.
➡️ Boosted odds
At times, Underscoregs may provide enhanced odds on specific markets. This could occur for various reasons, including a promotion offering boosted odds during the Super Bowl to increase betting engagement.
For instance, a sportsbook might notify you via email or notification about a special offer on a parlay involving Patrick Mahomes throwing over 1.5 touchdowns and Travis Kelce scoring a touchdown at boosted odds of +340 (previously +240).
➡️ Refer-A-Friend bonus
Numerous businesses, including sportsbooks, provide a top sportsbook referral bonus as a way to thank customers for bringing in new clients. It’s a win-win situation for all parties involved, with the sportsbook gaining a new customer and both the referrer and referee receiving bonus bet credits.
How to use bonuses and promos in Canada
Several bonuses and promotions in Canada no longer require a promo code, however, there are still some that do. Some of the welcome offers that do require a code can be accessed using the SBR promo code SBRBONUS, but it is advised to confirm before registering.
For instance, the Stake promotional code is SBR3000, which stands out as one-of-a-kind when compared to others. To claim a welcome bonus or any other sportsbook promotion, simply follow the steps outlined below.
1. Choose a sportsbook and register for an account
Choose a sportsbook that offers a promotion tailored to your preferences. If you need assistance, you can refer to our top sportsbooks page for recommendations. After selecting your preferred sportsbook, create an account and complete the identity verification process.
2. Make your first deposit
After completing the registration/verification process, it is now time to make your initial real cash deposit. If you have activated a deposit match promotion, ensure that your first deposit is the full amount you wish to receive in bonus bets.
3. Select and submit your bet slip
Once your deposit is completed, choose a sport and a betting market (or multiple for a parlay). Submit your bet slip, sit back, and enjoy the excitement!
Matched deposit bonus offers
In order to unlock a sports betting bonus, you typically need to deposit your own money into a new sportsbook account. This is known as a deposit match bonus. For instance, certain betting sites in Canada may provide a 100% matching bonus when you create a new account. This means they will match 100% of your deposit with a bonus bet, up to a specified maximum amount.
If you put in $100, the sportsbook will match it with another $100, giving you a total of $200 to play with. Another option is for the sportsbook to offer a 50% match deposit, where you would deposit $100 and receive $150 to use for betting.
Certain sports betting websites provide matched deposits of 150% or 200%, while others may offer as much as 300% or 400%. However, these bonuses usually come with restrictions on the maximum amount that can be deposited. It is important to be aware of the minimum and maximum deposit amounts set by each betting site in order to qualify for a first deposit bonus bet offer.
For instance, one website may provide a 100% matched deposit bonus up to $250, while another competing website may offer a 50% bonus up to $1,000. With the first offer, depositing $250 would give you $500 to gamble with, whereas with the second offer, depositing $1,000 would give you $1,500 to play with.
To be eligible for the sign-up bonus, you must be a new customer and may need to input a promo code to access the bonus funds. Please refer to our table above for the latest verified promo codes.
Your bonus funds may not be immediately accessible for use or withdrawal. Typically, you must meet certain requirements such as consistent play or betting a specific number of times in order to unlock the funds. It is important to carefully review the terms and conditions to understand the specifics of the deposit match bonus and what is required to fully utilize it.
Most books also offer referral bonuses for recommending a friend.
Key developments in Canada sports betting this year
- June 27, 2024: Stake sees a lot of potential in the burgeoning Canadian gaming market, and has appointed Kris Abbott as its new Country Manager for Canada.
- June 20, 2024: Dale Nally, the Alberta Minister of Service and Red Tape Reduction speaks at the Canadian Gaming Summit in Toronto and reveals Alberta will open up regulated gaming market similar to Ontario when that time comes.
- June 7, 2024: The subject of sports betting advertising in Canada moves to Canadian Senate.
- May 24, 2024: Alberta lawmakers passed Bill 16, the Red Tape Reduction Statutes Amendment Act, a step in the iGaming process to legalize sports betting in the province.
- May 24, 2024: NorthStar Gaming holdings Inc. records $218 million in total wagers during the first quarter of 2024.
- April 19, 2024: The AGCO tells all registered gaming operators who offer sports betting to stop accepting wagers on World Boxing Association events.
- April 4, 2024: Regulated sports gambling in Ontario reaches it’s 2nd anniversary since going live in the province.
- Mar. 12, 2024:Oilers forward and superstar Connor McDavid appears in new BetMGM responsible gaming ad following new marketing restrictions in Ontario.
- Mar. 12, 2024: Ontario government asks the province’s Court of Appeal whether allowing residents to play online games (Poker and DFS games) and to bet with residents outside of Canada will be legal.
- Feb. 2, 2024: Game studio RAW iGaming partners with BetMGM Ontario only.
- Jan. 19, 2024:Ontario’s iGaming market totaled $17.2 billion in wagers over a three month period that ended on December 31.
No deposit bonuses
This promotion is a unique opportunity that allows you to make a bet without needing to deposit any of your own money. If your bet with the bonus money is successful, your winnings will be added to your account balance, giving you the chance to continue playing. On the other hand, if your bet is not successful, you can leave without losing any of your own funds.
Betting sites offer bonus bets in the hopes of attracting long-term customers. By enticing you with a bonus bet, they aim to impress you with their platform, encourage you to deposit real money, and explore different betting markets. Some operators believe that by offering a bonus bet, they can hook you in and persuade you to stay with their site.
At a sports betting site, you might come across additional bonuses following an initial bonus bet to encourage you to stick around. A no-deposit bonus bet is an attractive offer for sports bettors and should not be missed. We make sure to showcase no-deposit bonuses, as well as match bonus offers and other bonus bets, on SBR.
First-bet insurance
Some bonuses are labeled as “bonus bets,” but are more accurately described as first-bet insurance. A sportsbook may advertise that they will reimburse your initial bet, up to a specified amount, if it does not win. For instance, if you wager $50 and it loses, you will receive a $50 bonus bet as a refund. While you cannot withdraw this amount as cash, it does provide you with another opportunity to make a winning selection.
Referral bonus 🤝
By referring your friends to sign up for an account at the site, you can frequently earn bonus bets. For instance, if you recommend a friend to a sportsbook, you may receive a 100% bonus bet of up to $100. However, in order to receive the full $100, your friend must deposit $100 into their new account.
You can receive a 200% bonus bet by utilizing the top sportsbook referral bonus, along with an additional $25 if your friend uses a designated deposit method. In addition, some platforms offer a 25% commission on every referred player, distributed on a monthly basis. There are typically no restrictions on the amount of friends you can refer or the number of bonus bets you can accumulate.
Boosted odds bonus offers in Canada
To attract new customers during major sporting events, numerous sports betting operators will provide boosted odds promotions.
This is a frequent occurrence on European betting platforms, especially when Liverpool is playing a significant match against Everton in the Premier League and are heavily favored to win. It is possible to come across sports betting operators offering enhanced odds on Liverpool’s victory. For example, instead of the usual 2-to-1 (+200) odds, a bookmaker may increase them to 3.5-to-1 (+350). Taking advantage of these boosts (when appropriate) can be a beneficial strategy to increase your bankroll.
The promotion is not exclusively for new customers, allowing returning bettors to also take advantage of the bonuses. However, the betting limits for these bonuses are typically small, usually less than $20.
In order to unlock the bonus, you must deposit a portion of your own funds. If successful, you will receive the winnings in real cash that can be withdrawn immediately. Boosted odds bonuses are frequently offered for a range of sports, including the most popular ones.
Underscoregs offers various creative bonuses to attract new customers. For example, you could place a $10 bet on the first quarter-final match at the US Open tennis tournament and receive a $10 bet on each of the remaining quarter-finals. Alternatively, you could receive double the odds on your first bet.
Bonus bet offers are becoming more prevalent among European sportsbooks, with an increasing number of US and Canadian-facing betting sites also providing these promotions.
Reload bonuses 💰
A sports betting operator often provides different incentives to encourage customer loyalty, with reload bonuses being a popular method to reward ongoing patronage. Similar to welcome bonuses, reload bonuses are designed to reward existing customers for their loyalty to the site.
Reload bonuses typically have lower percentages compared to the initial sign-up sports betting bonus. For instance, you may receive a 100% bonus on your initial deposit and then a 25% reload bonus. Like the sign-up bonus, reload bonuses also come with wagering requirements which you can choose to decline if you find them too burdensome.
Bonus spins 🎰
Many sports betting sites include a section for online casinos. As an incentive to sign up, they may provide a matched deposit, bonus spins, or a combination of both. Even if you prefer sports betting, some sites may offer a matched sportsbook bonus along with bonus spins to sweeten the deal. This could include bonus spins on popular online slot games like Starburst.
Bonus vs. cash bonus 💵
The best betting deals can be categorized into two main types: play bonuses and cash bonuses. The main distinction between them is that with a cash bonus, your original stake will be included in your winnings if your bet wins.
When you receive a bonus, the stake is not counted in your balance after a winning bet. For example, if you get a $100 cash bonus and bet on the Toronto Maple Leafs and Ottawa Senators to surpass 5.5 goals at -110 odds, you could make a $91 profit if they score six or more goals. If you used the bonus to place the bet, your account would be credited with $191 ($91 profit plus your $100 stake).
If you placed a bet using a play bonus, your account would only receive $91, as the stake is not returned. This is why a cash bonus is usually preferred over a play bonus when signing up with a sports betting operator and placing your initial bet.
Before deciding which bonus bet promotions to take advantage of, be sure to carefully read the terms and conditions, as cash bonuses often come with higher rollover requirements. In most cases, risk-bonus bet offers are better to play than cash bonuses.
Rollover requirements
When deciding whether to use a sports betting bonus, it is important to consider the rollover requirement. The rollover requirement is the number of times you must bet your account credit before you can withdraw any winnings. For instance, a 5x rollover requirement on a 50% bonus bet first deposit offer means you must bet your bonus and deposit five times before you can withdraw the money.
Each Canadian sportsbook has varying rollover requirements for their bonuses, with higher bonus amounts typically requiring more stringent rollovers. For instance, a 200% bonus may come with an 8x rollover, while a 100% bonus could have a 6x rollover, and a 50% bonus might only require a 4x rollover. It may be wise to opt for a lower percentage bonus with a lower rollover, as it could increase your chances of successfully withdrawing funds. When considering a bonus offer, take into account the percentage, rollover amount, maximum bonus limit, and whether it is a cash or extra play bonus. For example, a 50% cash bonus up to $250 with a 5x rollover is very different from a 150% extra play bonus up to $3,000 with a 16x rollover requirement.
SBR will always provide the accurate bonus information to assist you in making your decision. While a 150% extra play bonus up to $3,000 may seem more appealing than a 50% cash bonus up to $250, it actually offers a smaller true bonus. The rollover requirement is also known as a betting requirement or playthrough requirement.
Other terms and conditions
Usually, you have a limited time to claim your bonus, typically around 14 days. If you wait too long, the bonus may expire. Additionally, your bonus bet may only be eligible for specific betting markets, such as spread or totals, or certain sports.
A minimum odds requirement is often a condition for bonus bet bonuses. You cannot just bet your bonus on heavy favorites with odds of -10000 and expect it to count towards your rollover requirement. Typically, you will need to bet it at minimum odds of -200, -150, or even +100. This is an important factor to consider when evaluating the appeal of bonus bets and other promotions. While some players choose to steer clear of bonus bets and offers altogether, they can be quite profitable if used wisely.
Check out our top sportsbook promotions in the United States for more information.
Loyalty and VIP programs
Many top sportsbooks with quick payouts offer loyalty programs to incentivize customer loyalty. By placing bets on sports events, table games, or virtual slots, you can accumulate reward points.
The number of bet points you earn can vary based on the type of bet you make. For instance, betting $1 on video poker or table games may earn you 1 point, while betting $1 on slot games could earn you 5 points. Betting $1 on sports singles may earn you 3 points, teasers may earn you 15 points, and sports round robins or parlays may earn you 25 points. A $1 straight bet at the racebook could earn you 40 points, while a $1 exotic bet or multiple at the racebook could earn you 60 points. For example, betting $10 on an exacta for the Kentucky Derby could earn you 600 points.
After earning reward points, you have the option to redeem them for bonus bets or various prizes. As you increase your betting volume or make larger wagers, you will advance through the loyalty program tiers and receive better rewards. Those who are considered high rollers or have VIP status can enjoy perks like a dedicated account manager, increased bonus bet rewards, exclusive promotions, quicker withdrawals, cash back on settled bets, and special incentives like trips, gadgets, and invitations to hospitality events.
Contests
Underscoregs frequently organizes contests throughout the year to maintain player excitement. These events provide bettors with the opportunity to improve their handicapping abilities and vie for lucrative rewards such as cash prizes, bonus bets, trips, and more.
An illustration of this is when a sportsbook holds a competition in which the customer who earns the highest total profit on NBA bets during a specific promotional period will receive $600, the second-place winner will get $400, the third-place bettor will receive $300, and so forth. These types of contests are commonly found on top NBA betting websites.
Additionally, there are paid contests available for entry, such as the $250,000 NFL Mega Contest and a season-long handicapping contest with a top prize of $100,000. The initial entry fee is $100, with discounts offered for additional entries.
In addition to hosting a variety of thrilling contests, SBR offers members the chance to earn points that can be exchanged for bonus bets at our premier online sportsbooks. Our sports betting sites frequently hold prize drawings, seasonal promotions like those for the NBA Finals or the Super Bowl, and other incentives to encourage loyalty among our members.
There are currently contests on SBR such as:
Where to find the best sportsbooks’ bonuses
Be sure to save this page so you can keep track of the newest matched deposit deals, bonus bet promotions, and other bonuses available. It’s important to only use trustworthy and reputable sportsbooks to avoid falling victim to scam sites and unreliable operators. Make sure to avoid any betting sites on our blacklist.
They might present enticing bonus first bet promotions and make grand promises of bonus bets, but their true intention is to not payout winnings if you win your bet. If a bonus bet offer or matched first bet promotion sounds too good to be true, it likely is.
If you come across a large cash bonus for your first bet without any rollover requirements, be cautious. While it’s possible that the sportsbook is very generous, it’s not very likely.
To spot scam sites, check our blacklist containing sites that have cheated players in the past. Avoid those using enticing bonus bet offers and instead rely on the reputable sportsbooks listed on our top page.
Several sportsbooks offer attractive bonuses, making it likely that you will find multiple options that interest you. It is highly recommended to register with more than one sportsbook to take advantage of various bonus offers.
Canada sportsbook bonuses FAQs
What is a bonus bet offer?
When choosing a sportsbook, you may be offered bonus bets as a reward. Keep in mind that these offers typically require you to deposit your own money and place bets at specific minimum odds before being able to withdraw any winnings.
What is a betting bonus?
New players and existing players are both given betting bonuses as incentives to join or stay loyal. These bonuses can include match deposit bonuses, reload bonuses, boosted odds bonuses, and more. Since bonuses vary between sportsbooks, it’s important to compare offers and sign up with multiple books to take advantage of different bonus bets. Be sure to carefully review the terms and conditions of each bonus bet before accepting.
What is a rollover requirement?
This refers to the number of bets you must place before you are permitted to make a withdrawal. It applies to sign-up bonus bet bonuses and reload bonus bet bonuses. A typical rollover requirement would be 6x, which means you must wager your credit six times (place at least six bets) at a certain minimum price before you can make a withdrawal. The rollover requirement generally applies to the cash you deposit as well as the bonus bets you receive.