Canada Sports Betting Bonuses: Best Offers & Promos for December 2024

Winning big on sports betting can be tricky, but with bonuses and promotions, bettors get free chances to help them hit the jackpot. Sports betting bonuses are exciting promotions offered by sports betting sites. They are available in a huge variety of different kinds, each offering bettors new opportunities – so naturally, navigating these promotions can be tricky.

Due to new regulations, we are unable to show you the brand’s bonuses; but what we can do is provide you with all the information you need to become an expert on sports betting bonuses and promotions. Click on the Bet Now button or any sportsbook logo to see its current offers.

Canadian bettors can choose from a huge number of different operators who offer a multitude of different betting bonuses and betting promotions. 

While these are not necessarily similar, with some operators offering unique types of promotions, there are several types of promotions that are more consistently available. These types include, among others, welcome bonuses, deposit matches, and free bets. 

Following is our breakdown of what these types of promotions entail, as well as many others, so you can understand the various options available and how they can benefit you. 

Sports Betting Welcome Bonus

Welcome bonuses give first-time users of the operator a promotion that will help them start their gambling. Most sportsbooks offer a welcome bonus as a way to entice bettors to join up with them.  This Bonus can entail various types of offers, from free bets to deposit match bonuses.

A deposit match bonus is the most typical form of a welcome bonus, but some operators offer welcome bonuses with no deposit. In general, though, a welcome bonus is simply a one-time bonus for when a user signs up for a new operator.

Sports Betting Deposit Match Bonus

A deposit match bonus is another very common type of bonus. This is one of the best bookmaker bonuses because it can provide gamblers with a significant amount of extra cash to play around with. A deposit match bonus comes when an operator matches the deposit a bettor puts in up to a certain amount – for example, if a bettor deposits $100, they will then have $200 in their gambling account because the depositor matched it. 

You can’t withdraw the matched money, as that would obviously be bad business for the operator. But after a certain amount of time or money spent with the bookmaker, you can withdraw the money, as well as the profit from your matched deposit.

Sports Betting Deposit bonus

Rather than matching your deposit, some deposit bonuses entail a fixed bonus you receive for depositing a set amount of money. An example of an online betting deposit bonus would be a $40 deposit bonus on deposits of $50 and up. These bonuses don’t have to be on the first deposit, so they’re something to keep an eye out for.

Sports Betting No Deposit Bonus

A no deposit bonus is a promotion that you can claim without even having to deposit money with the gambling operator. These bonuses are typically somewhat smaller than a deposit or a matched bonus, but they are still a great free reward you get for simply joining with an operator.

Sports Betting Cashback Bonus

Cashback promotions are also available on many sportsbooks. Typically, they are centered around a certain event or a certain type of bet, with the aim of mitigating some of the risk on your bets. 

A cashback bonus will offer a certain percentage – for example, a 25% return on parlay bets that don’t hit. This means that, if you make a bet on a parlay that doesn’t hit, you will be refunded 25% of what you lost on the parlay. 

This bonus benefits you significantly because you can add 25% to whatever you are willing to lose on a bet. After all, you will get that much back automatically.

Sports Betting Specials

Only a few sites offer sports betting specials, which are betting opportunities on things that aren’t sports-related. You can place special bets on things like the Academy Awards, for example, as well as reality TV, the New York Mayoral race, or many other events that are unrelated to sports. Specials can earn you some cash because they are unpredictable, and even oddsmakers can’t truly know what will happen in these often-random events.

Sports Betting Loyalty Bonus – VIP Program

This sportsbook bonus is intended to reward customers for consistent use of their betting site. A loyalty bonus/VIP program allows you to accrue points by placing bets, which can result in rewards like new bonuses or prizes. These programs incentivize users to place bets to pile up the points, with different amounts of bets being worth different amounts of points based on the operator.

Sports Betting Refer-a-Friend Bonus

This online betting bonus offers a reward from operators for bringing a new user on board. If you are using an operator you like and have a friend who wants to start, most operators will give a reward if you get someone to sign up using a referral code. The amount offered depends on the operator, but this reward is an easy way to make some extra money if you know anyone looking to start gambling.

Free Bets

Free bets are a sportsbook bonus that offers users a chance to make a  free, and therefore risk-free, bet of a certain amount on a game. 
Typically, a sportsbook will list the amount of the free bet offered, and any limitations on that type of bet. It is a very straightforward promotion and worth jumping at, since it is literally just a free bet, where any profit will go directly to your account.

Reduced Juice

Reduced juice is an extremely important bonus for bettors to try and take advantage of. This bonus offers you a chance to bet on events with a chance to win more than you normally would. “Juice” refers to the commission operators take on the typical bet.

This can be a confusing promotion for beginners, but basically, the prototypical odds for a point spread or puck line is -110. Reduced juice lowers this to -107 or -105, which means that you can win more money betting on things that, according to the oddsmakers’ prediction, are just as likely to happen as they are to not happen.

Simply put, this increases your odds slightly and takes away some of the juice from the operators, creating a more favourable situation for you. 

Casino Bonuses – Free Spin Bonus

Bonuses aren’t just for sports betting – many online sports betting operators double as virtual casinos and offer plenty of great promotions for their casinos. One typical bonus is the free spin bonus. Operators will offer users a certain number of free spins at the virtual slot machines, which gives you a free opportunity to make some money. While these bonuses are very common, different operators offer them on varying occasions. Some offer them upon sign-up, some on seasonal occasions, and some just at random.

This list includes only some of the best sportsbook bonuses – there are tons of different and unique offers that sportsbooks offer for special events and random occasions. If you want to have access to these offers and remain updated, check the box for "send me bonus offers" when signing up with an operator.

Where can I find sportsbook bonuses and promotions?

Once you start looking for bonuses and promotions, finding them is quite easy. Most sportsbooks have a “bonuses and promotions” tab that you can click on to see what they are currently offering, and when you sign up with your favourite sportsbook, you can choose to receive new offers from them via email.

As we mentioned before, promotions aren’t always as perfect as they appearat first glance. Most gambling operators apply a long list of terms and conditions to their promotions, and these can change the equation entirely.

This is why it's crucial to take a few minutes to read the terms and conditions and make sure you fully understand all aspects of the bonus you are trying to receive. Sportsbooks are obligated to display the rules and terms of each bonus, and unless you want to get roped into a promotion where you stand to actually gain very little, you’ll want to read them.

A lot of promotions have specific rules you must follow to be eligible, and not following the rules can cause you to miss out on the money. This is why  looking over the rules, and of course the terms and conditions, is an absolute must.

Below is a list of some typical terms and conditions you might find:

Time Limits

Bonuses and promotions sometimes have time limits, so make sure to check and make sure you don’t miss out on the bonus. Some bonuses require that you make a deposit within a certain period, and other times you’ll get a bonus with your deposit and be given a specific time frame in which you’ll need to use it – after that it disappears from your account. Knowing the time limit is crucial if you don’t want your bonus to expire, so always make sure to look for it.

Minimum Odds

Minimum odds are a restriction that gives you the lowest odds you can bet on before you can turn your bonus money into real money. The typical range is between 1.50 and 2.00 in decimal odds. Bets below this amount will still be accepted, but they won’t factor into the rollover.

The implementation of minimum odds restrictions exists for several reasons and can be applied to various parts of the process. Bookmakers will often use this as a way to stop people from exploiting loopholes in wagering requirements.

Game Limits/Limitations

There are limitations on the bets you can use your bonus funds for. For example, many promotions will limit you to only being able to bet your bonus money on certain sporting events, or some casino bonuses will restrict free spins to certain slot games. These limitations allow operators can pick and choose how you use your bonus money; for example, letting you spend your bonus money only on one big sporting event to guarentee they have plenty of action on one big game or tournament.

Win Limits

Another important restriction to check is the maximum win limit. Some offers put a limit on what you can win, meaning you won’t be able to cash out anything over the specific win limit. For example, some free spins won’t let you win more than $30 off $40 worth of free spin. Win limits keep the operators from going too far into the red off bonuses. This restriction can really hamper your ability to make a profit off bonuses – yet another example of why it is important to check the fine print.

Rollovers and Wagering Requirements

While bonuses and promotions are great ways to fill your pockets, they might not be as simple as they appear. A “Rollover” is a type of wagering requirement that refers to the total amount of money a player would have to spend before they can withdraw the money from a bonus such as a matched welcome deposit. Each operator has different requirements before their bonus can be turned into real money.  

Wagering requirements are typically a multiple of the bonus, so you’ll need to spend a few times the amount of money in the bonus to actually receive it. For example, you might encounter a $70 bonus with a 5x requirement. Sometimes your deposit will already be included in this calculation, which makes the amount of money you need to gamble much higher – but for this example, let’s say the requirement is just on the bonus.

That would mean you need to bet $70×5 = $350 to be able to withdraw the bonus. These requirements are listed in the terms and conditions, and just about every bonus has some type of wagering requirement, so always check to see what it is.  Rollover is especially important to keep in mind, as some sportsbooks offer very high rollover, making it difficult to get your hands on the bonus money. 

Nearly every bookmaker will offer a bonus to new customers when they sign up, whether that is in the form of free bets, no deposit bonus, 100% matched first deposit or various other types of betting site offers. Some of the best sportsbooks offers will require a promo code for activation, which you will need to enter into a field during the sign-up or deposit process with a bookmaker. 

This is becoming rarer, however, and these days most betting site offers and welcome bonuses are claimed automatically without the need for a bonus code. 

In some cases, bookmakers in Canada may send players a promo code in an attempt to re-engage them, providing free bets or a reload bonus to be used on sportsbooks or casino sites.

Sports betting in Ontario has changed in many ways since become provincially controlled, but one thing that remains the same is the passion Ontarians have for bonuses. With websites like Sports Interaction and Betway becoming provincially regulated, the number of Ontario sportsbook promos has skyrocketed. 

Ontario sports betting, Including Operators like LeoVegas and PowerPlay as well as dozens of others, is controlled within the province. This means Ontario-based players don’t need to wager on offshore operator to find the best Ontario sports betting promos, – instead, they have access to exclusive Ontario betting promos offered especially to them.  

The best Ontario betting promos aren’t that different from any other province. You will find many Ontario sportsbook sign-up bonus offers, free bets, bet boosts, and more. There have been concerns that, since Ontario betting is now regulated by the government, bonus offers will diminish – but happily, this is simply not the case. Ontario sportsbook promos haven’t gone away just because the government now oversees the Ontario betting industry. In fact, they are stronger than ever. 

Here at BettingTop10, we will always make sure to keep you up to speed on all the latest information about the best Ontario betting promos, and connect you to the many available offers to ensure that you never miss out on the fun.