A betting bonus gives you more cash to play around with on your favourite sports betting markets. But despite what you might think, no two offers are quite the same.
From wagering requirements to odds limits — this is all you need to know about getting the most from your sports betting bonus.
200% Welcome Bonus Up to €7,500 + 10% Cashback
- High betting limits & good number of markets
- 10% weekly cashback on losses
- Premium live betting with HD streaming
200% Welcome Offer up to €5,000 + 10% Weekly Cashback
- Great markets for live betting
- Fast and safe deposits with credit cards and Bitcoin
- 10% cashback every Monday
10% Weekly Cash Back
- High betting limits and the best sports action
- Quick and easy banking
- Easy and fast banking with crypto
100% up to $750 + 200 FS + 1 Bonus Crab
- Live chat available in both French and English 24/7
- Payment methods include local options like Interac
- Cashback and higher withdrawals available via VIP system
100% up to CA$100
- Early settlement with Cash Out feature
- €20 freebet available every Monday
- Combo boost up to 1.5 multiplier
Sportsbook Bonus and Promos Explained
Like we said earlier, no two sportsbook bonus offers are quite the same. But as you’ll see from the table below, what they are is usually pretty clear from the name.
| Bonus | What it is |
| Welcome Bonus | A welcome offer for signing up with the sportsbook. Usually a first deposit bonus or free bet offer. |
| Deposit Bonus | An offer to match your deposit by a percentage up to a maximum amount. |
| No Deposit Bonus | Free credit to place a bet with no deposit of your own cash required. |
| Cashback Bonus | This returns a percentage of your losses over the course of a set period of time – usually a week. |
| Reload Bonus | Usually the same as a deposit match offer – site credit for reloading your account with cash. |
| Sports Bonus | This is a bonus that is only for use on sports. Sometimes offers at sites with casinos will be named this way. |
| Loyalty Bonus | This is a bonus for regular betting at a site. Some loyalty bonuses are earned by collecting points for each wager placed. |
| Odds Boost | Enhanced odds on a specific market which offers you a bigger potential win for the same stake. |
| Free Bets | Free bet credit that is usually tied to a specific market, sport, or event. |
| Parlay Insurance | Insurance that offers a refund or partial refund of your stake if one leg of your parlay lets you down. |
Best Sportsbook Welcome Offer
Sign-up bonuses for wagering are available when you register for an account at a new site. These tend to be the most excellent sportsbook bonuses that you’ll be able to find. The goal is to entice you to sign up at a site and try their games out.
When you sign up for a sports betting site, you’ll be introduced to the welcome offer. These are some of the best promotions to get involved with as they normally offer the most return on your deposit. The idea is to entice you with some extra cash in your account for your bets.
This has gotta be Lucky Block’s welcome offer. Any offer that gives you the chance to land $25,000 in bonus credit is definitely a huge deal. You also get 50 free spins into the bargain so you could win twice just by signing up.
Best Deposit Betting Bonus
As you spend some time on your betting site you will be offered a deposit betting bonus. This normally means a percentage of you next deposit matched as bonus funds, which are normally available to bet with but not available to withdraw depending on your betting site’s Ts&Cs.
Golden Panda’s 200% deposit bonus is hard to beat. Deposit up to $7,00CAD and you will get 200% back to play in your account.
Best for Free Bet Bonuses
A free bet is just what it says it is — a free bet for you to use, either on one specific sport or sometimes wherever you want. It’s treated the same as a normal bet, and if you win it you receive the win, but you don’t receive the stake back on top of that.
Free bets are hard to come by at betting sites in Canada but Lunubet has you covered with a few free bet promos for specific events like UEFA Champions League. You can also buy free bets with coins earned in the site’s loyalty program.
Best for Cashback Bonuses
A cashback bonus allows you to recoup some of those unfortunate losses you have suffered while betting. This is normally repaid as a percentage in you bonus account.
Samba Slots takes the crown here. This site has a 10% cashback deal on losses. You can claim up to $4,500 in cashback and best of all, it’s available each and every week.
Best for Sports Bonuses
A sports bonus is a specific promotion that’s tied in with a sporting event. A great example of this are the hundred of betting promotions that come around when the Super Bowl or World Series happens.
All of the sites listed on this page have some great sports promos. But we like Instant Sports for its big money football tournaments. These can see you pit your wits against other sports fans for a share of a massive prize pool.
Best for Parlay Boosts
Parlay boost or combi boost or is a bonus that is similar to an odds boost but, rather than enhancing your individual bets, these bonuses increase the payouts of your combined wager by a certain percentage.
Roby Casino has a great deal that sees any parlay of 3 or more legs each with minimum odds of 1.40 boosted by 100%. The best thing about this deal is that if you bet with your own cash, then your boosted winnings are yours to keep with no wagering requirements on the extra profit.
Betting Promo Terms and Conditions Made Simple
Sports betting bonuses can be exciting and rewarding, but their terms and conditions can sometimes feel overwhelming. Understanding things like minimum odds, time limits, and bonus credit rules will help you make the most of these betting offers.
Let’s break down the essentials so you can use those bonus bets without any surprises.
Minimum Odds
Most betting promos come with minimum odds requirements, meaning you can’t just bet on heavy favourites to unlock your bonus. For example, if the minimum odds are set at 1.50, you’ll need to place wagers at or above that threshold. This rule means that you take some level of risk, rather than using bonuses on near-certain outcomes.
Time Limits
Sportsbook bonus offers always often come with a deadline, whether it’s for claiming the bonus or using free bets. Some offers expire within 7 days, while others might last a month. Always check the fine print so you use your bonus in time—nothing’s worse than missing out on bonus bets just because the clock ran out.
Game Limits
Not all games or sports may qualify for betting sites offers. Some sportsbooks restrict promos to specific leagues, bet types, or events, like major tournaments or parlays. If you’re eyeing a betting bonus, make sure your preferred game or sport is eligible. Otherwise, you might end up placing bets that don’t count towards meeting the betting bonus requirements.
Win Limit
Even if you hit a big win with a sportsbook bonus, there could be a cap on how much you can cash out. Some sportsbooks limit winnings from free bet offers or bonus bets, meaning even if you score a huge payout, you might only be able to withdraw a portion of it. Check the terms so you know exactly what to expect.
Wager Cashout Requirements
Most sports betting bonuses come with wagering requirements, meaning you need to bet a certain amount before withdrawing any bonus-related winnings. For example, a 5x wagering requirement on a $20 bonus means you need to place $100 in bets before cashing out.
Bonus Credit Expiration
Most sports betting bonuses and free bet offers come with an expiry date, so don’t let them go to waste. Some expire in a few days, while others might last a couple of weeks. If you forget to use them in time, they’ll disappear from your account. Keep track of your bonuses and set reminders to make sure you take full advantage.
Common Sports Betting Bonuses
Sports betting bonuses can give you that extra kick your bank roll might need. And depending on the sport, sportsbooks offer different promotions to keep the action exciting. From risk-free bets to deposit matches, knowing what’s available can help you maximize your betting experience.
Let’s take a look at the most popular betting bonuses by sport.
NHL 🏒
Hockey fans can cash in on some great NHL betting promos, especially during the Stanley Cup playoffs. Common offers include odds boosts on select markets, risk-free bets for overtime games, and insurance on multi-leg parlays. Some sportsbooks even have “hat trick” bonuses, rewarding you if a player scores three goals in a game.
NFL 🏈
The NFL is a goldmine when it comes to betting bonuses. You can expect solid welcome a solid welcome bonus in Canada at the start of the season and special bonuses for major events like the Super Bowl. Many sportsbooks also offer same-game parlay insurance, meaning if you miss by just one leg, you get your money back in site credit.
Basketball 🏀
Whether it’s the NBA, NCAA, or international leagues, there are plenty of basketball betting offers out there. Look for “bet-and-get” offers, where placing a qualifying wager earns you bonus bets. Some bookies also offer early payout promos—if your team gets a big lead, you win your bet even if they end up losing the game.
Baseball ⚾️
Baseball betting bonuses often revolve around home runs, strikeouts, and big innings. A common bonus is a home run promo, where every home run in a game boosts your winnings. You’ll also find odds boosts for player props
Soccer ⚽️
Soccer betting bonus offers usually cover major leagues like the English Premier League, MLS, La Liga, and even international tournaments. Look for “goal insurance” offers, where you get a refund if a match ends in a draw. Many sportsbooks also boost odds on goalscorers or offer risk-free bets if your team takes an early lead but ends up drawing or losing.
Boxing 🥊
Boxing betting offers usually centre around big fights, offering boosted odds on favourites or boosted payouts for knockout victories. Some sportsbooks also offer “round betting” insurance, refunding losing bets if the fight goes the distance. If you’re into live betting, you might find special in-play bonuses that reward you for picking the winning round.
Payment Methods for Sports Betting Promotions
Believe it or not, the way you deposit funds can affect the betting bonuses you get from sportsbooks. Some payment methods have instant transactions, while others come with added perks like bigger bonuses. This is why knowing the pros and cons of each method is always a good thing.
Sports Betting Promo Payout Options
When you claim a sports betting bonus, how you get your winnings can vary. Some sportsbooks pay out in bonus credits, while others allow cash withdrawals or even crypto payouts. Here are the main options explained.
Bonus Credit
Some betting bonuses reward you with bonus credits instead of cash. This means you can use the credit to place more bets, but you typically can’t this directly. Bonus credits often come with wagering requirements, meaning you’ll need to bet a certain amount before converting them into real cash.
Cash Withdrawal
If a betting offer allows cash payouts, you can withdraw your winnings just like regular bet earnings.
But remember that cash withdrawals usually have specific conditions, like wagering the bonus amount a few times. Once you manage that, you can transfer your funds to a bank account, eWallet, or other payment method, depending on the sportsbook’s options.
Cryptocurrency
If you’re on a bitcoin betting site, you’ll definitely get faster withdrawals and bigger bonuses. Many sportsbooks offer exclusive crypto promos, giving you higher payouts or reduced wagering requirements. Bitcoin, Ethereum, and other cryptocurrencies allow near-instant withdrawals with fewer banking restrictions. Getting your hands on your winnings instantly? Sounds good, right?
Offshore Sportsbook Bonuses vs Locally-Licensed Betting Promos
When it comes to sports betting bonus offers, offshore sportsbooks often have the edge over locally licensed sites. Here’s why offshore sportsbook bonus deals often come out on top.
Bigger Bonuses
Offshore sites usually offer higher first deposit bonus deals, better free bet offers, an exciting welcome bonus in Canada, and reload bonuses that keep you coming back. Since they don’t have to pay heavy licensing fees or local gambling taxes, they pass those savings on to you.
Lower Juice, Higher Payouts
Juice—or the cut a sportsbook takes from bets—is often lower at offshore sites. Without government-imposed levies, offshore sites can offer more competitive odds, translating to higher payouts for you.
Fewer Betting Restrictions
Many locally licensed sportsbooks have strict betting limits, especially on sharp bettors or certain wager types. Offshore sites are a little different as they tend to allow bigger bets and more flexibility. They’re also less likely to restrict you if you’re successful
More Variety in Promotions
Offshore sites don’t have to follow local regulations on betting bonus structures, meaning they can get more creative with their betting offers. You’ll often see risk-free bets, loyalty rewards, and even crypto-exclusive bonuses that aren’t available at locally-licenced sites.
Sportsbook Bonus Key Takeaways
Before you jump in and grab the biggest bonus you can find, it’s worth keeping the following in mind.
Size isn’t everything
Sure a big sports betting bonus will give you a lot of credit to play around with, but ask yourself if you really will deposit that much. If you’re planning to bet casually, then a smaller betting offer might be a better fit.
Watch those wagering requirements
Wagering requirements can be quite high for some betting sites offers. Check that the requirement is actually one that you can hit or you could end up losing your credit once the offer has expired.
Check the limits
And we don’t just mean bet limits. We’re also talking about restrictions on games. Some betting bonus offers are tied to specific markets or have minimum odds requirements. So read those Ts and Cs very carefully.