Compare the Best Betting Site Bonuses for Canadians

Best Canadian Online Sports Betting Bonuses

Sports betting bonuses are an incentive to get new players to register and to provide loyal players with rewards for their continued play. What are the best sports betting bonues for you in Canada? What are the differences? I would classify bonus structures in three ways, Deposit Bonuses, Free Bets and Reduced Juice Betting Sites.

Deposit Bonuses and Free Bets are similar, but have one key difference. The first thing to know is that your Deposit Bonus or your Free Bets are never attributed to your account immediately upon your deposit or registration. You will need to wager/risk/play the value of your initial deposit several times over, in order to be eligible for either type of bonus. Sports betting sites want their bonus to reward your play with them. So if you play, your bonus will be awarded after you’ve reached the betting site’s defined play-through juncture. This type of structure prevents people from simply depositing an amount, having the bonus attributed, and the player then withdrawing the deposit plus their bonus. Sports betting sites developed these policies to protect themselves from people that might want to otherwise take advantage. You should also note that each company that offers a bonus is only interested in offering one bonus per person. Duplicate accounts are certainly frowned-upon and they all reserve the right to revoke any bonus attributed to any additional accounts that someone may have.

Here’s the key difference between a Deposit Bonus and a Free Bet bonus. With a Deposit Bonus, the bonus itself may become eligible to be withdrawn as real money from your account once you’ve satisfied the play-through requirements. So if your bonus is $100, and you reached the pay through requirements, the $100 from the bonus would be yours to withdraw. Free Bets on the other hand allow you to place wagers with what are essentially free betting credits, but you will not ever get to withdraw the principal stake. With Free Bets, you are only meant to profit from your bet winnings. So for example, if you had $100 in Free Bets, and you bet on a game paying 1.05 odds, you would win $5. Only the $5 will be yours to withdraw, not the $100 Free Bet.

The other type of bonus structure is the reduced juice sports betting site. This is where the sports betting site offers consistently higher paying odds for most games, but in doing so, forego the deposit bonus or free bet incentive. Pinnacle does not offer a deposit bonus or free bets and are the lowest juice sports betting site, consistently offering very high paying odds. The added value is passed on to the client through the odds pricing rather than bonuses. This just means you will get your bonus over time forever, rather than all up front.

How to decide? If you see yourself playing in the long term, Pinnacle will likely payout more to you than any sign up bonus possibly could. However, if you like the idea of building a fat wad from a smaller deposit and the initial bonus structure would help in building this, go for any of the other sign-up bonus structures. Below you will read a brief description of how the bonuses work with each of the best sports betting sites in Canada that we have identified. Remember, the sign-up and loyalty bonuses are only one aspect of choosing a betting site. Read our sports betting site reviews to compare other aspects of each service side-by-side.

Best Sports Betting Criteria

Online Sports Betting Bonuses for New Customers in Canada

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Get $200 Bonus

On this page, you will find some sports betting bonuses that work for most of Canada, outside of Ontario. In Ontario however, there will be a new legal market from early 2022, where online betting providers get local licenses in order to serve the province.

This resource provides solid information on Ontario sport betting bonuses, The rules are different in that province now, so you may not be able to find offer information away from the actual operator website.

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