Best Sportsbook Promotions and Bonuses April 2024

Our experts have created this comprehensive guide to help you understand the different types of bonuses available with different sportsbooks. The guide will act as an authoritative source to answer any questions you might have on sports betting bonuses.

In this article, we'll cover what bonuses are available, how to claim them, and what terms and conditions often apply.

What to expect from our bonus articles

This guide will give you all the tools necessary to make informed decisions on which bonuses are worth your time and whether there are any you should avoid.

By the end of this article, you should be able to decide which bonuses best meet your needs and where to find them. In addition, we'll cover how to claim different offers and the terms and conditions you must meet in order to qualify for them. 

How to claim the offer

Every offer that is available at any online sportsbook in Canada will have its own way of being claimed. Some will require you to use a sportsbook promo code, while others will require you to click through links on our website for bonuses to automatically be assigned to your account.

You may also receive offers directly from sportsbook via emails and text messages. These texts or emails can also possibly come with links to claim certain offers. You can also find offers on a sportsbook's promotions page, many of which will be applied to your account for placing certain bets on certain events, and others may require you to opt-in to claim a bonus.

Terms and conditions

The terms and conditions attached to bonuses can vary widely from one offer to another. Certain bonuses might necessitate a minimum deposit and wager to be eligible, while others might have requirements such as the outcome of your bet being a win or loss to trigger the offer.

Additionally, there are stipulations that could potentially make you ineligible for a bonus. For instance, if you are employed by the company offering the bonus or are affiliated with someone who is, you may not qualify. There are also more specific conditions related to your bets; for example, cashing out a bet prematurely could nullify any your promo.

Other offers

As well as the main offers, you'll also find several other ongoing promotions available for existing customers. Some of these offers may have restrictions like only being claimable once per week, or you may find that a specific offer can't be combined with another.

There will also be offers available that won't have anything to do with placing sports bets but still give you additional benefits. For example, when signing up for a sportsbook account you could be offered a subscription to a streaming service that is used to watch a specific sport. Again, these will have their own terms and conditions that you should always check out before redeeming.

Top 5 betting offers

Find the latest sportsbook promos and promo codes at Oddspedia

At Oddspedia, we take pride in providing you with the most up-to-date information on all things sports betting related. Whether it's the latest sports news, betting odds, real-time updates on ongoing games, or the newest sportsbook promotions and promo codes, we've got you covered. Our team of experts is dedicated to constantly researching and discovering the latest bonuses available. We promptly add them to our site and update existing posts with the new offers, ensuring that Oddspedia remains your go-to source for all your sports betting needs.

Best sportsbook bonuses from trusted sportsbooks

When using Oddspedia, you can rest assured that you are in the right place to find the best sportsbook bonuses from trusted sportsbooks.  We only list the best odds and bonuses for legally operating sportsbooks that have obtained the relevant licenses in each province. This means that all the operators we list offers from can be trusted as they have been guaranteed to meet the required standards to legally operate in Canada. Our website also offers a comprehensive list of top-rated Ontario sportsbooks for your convenience. In addition, we provide information and recommendations on the best Ontario betting apps  and sports betting apps in Canada to enhance your online betting experience. Rest assured that all the information provided in these sections is carefully researched, up-to-date, and verified by our team of experts.

In addition, you will find the best NFL betting sites and NFL odds on our site. We also took care of hockey fans and made a rating of the best NHL betting sites and top NHL odds. Basketball fans will also not be left without our professional support and help in choosing the best site for betting on the NBA and the highest odds for the NBA. And for dessert for you we have left our ranking of the best sportsbooks for betting on UFC.

Using the promo codes

When a bonus requires a sportsbook promo code, we'll be sure to list these in the relevant articles and sections on our website. But to ensure you know how to use them, we'll also include an easy-to-follow step-by-step guide on how to claim these promo codes. This reduces the risk of mistakes being made and ensures you are qualifying for the right promotions. All you have to do is follow our easy step-by-step guide. 

Remember it is always important to check the terms and conditions because you may not qualify for certain offers. For example, if you already have an account and try to set up a new one to claim a welcome bonus it can void your bet and could get your account banned.

Deposit bonuses

Deposit bonuses are promotions which are activated when making a deposit into your account. This could be for new customers as a first-time deposit or can be awarded over a certain number of deposits. It can also be awarded to existing customers for special occasions.

You may also get a deposit bonus for using certain payment methods, especially if a new one has been introduced. But likewise, there may be some bonuses that you wish to claim that won't work with certain deposit methods. So, once again, it's incredibly important to always check the terms and conditions to see what does and doesn't apply.

How to claim a deposit bonus

In order to show you how easy it is to claim a deposit bonus, here is a step-by-step guide:

1. Use one of our links to head over to your chosen sportsbook
2. Sign up for a new account. If you need a promo code to claim your bonus enter it at this stage
3. Once signed up, you may be requested to verify your account
4. Log in to your account and add a payment method for depositing funds into your account
5. After meeting the requirements of the bonus, you will find your deposit bonus added to your account

What documents will I need?

If you are setting up an account for the first time, you may be asked to provide an official photo ID to confirm you are of legal gambling age. This will include forms of identification such as a driver's license or passport that confirms your name and date of birth.

How long will it take?

Verification is a quick process. Usually, many sports bettors have identification verified within 24 hours, but in some cases, it may take longer such as when a picture isn't clear or more forms of identification are requested.

Betting offers & Promo codes FAQ

Different offer types covered

In this section we're going to go into detail about some of the more common types of offers you'll find on many of the top sports betting sites and apps. To help you understand them better we'll give examples of how they work and the benefits of using them, as well as some restrictions.

Welcome offers

One of the most common types of bonuses you'll see are welcome bonuses. These are used to entice new customers to sign up for a new account at many of the best online sports betting sites. You'll find many of the welcome offers below plus things like bet insurance. Sportsbooks tend to be a little more generous with your first bonus than you'll find with offers you get as an existing customer.

Matched deposits

This can be a great way of increasing the funds you have in your account. The way they work is by sportsbooks matching your deposit by a certain percentage. Some will match your deposits by 100% up to a certain value, while others may only match 20%, so it is always important to check the terms and conditions. The matched bonus will be added as bonus funds, so it may come with wagering requirements, and if used on bets will not be included in your winnings.

No-deposit bonus

One of the best types of bonuses around, although a little rarer, a no-deposit bonus is exactly as it sounds. You get a bonus where there is no need to deposit funds or make a bet. These are often offered by sportsbooks for a number of reasons, including pre-registering for an account before it launches, to entice you back into betting with them if you haven't done so for a while, or if they are introducing a new bet type or sport to bet on to allow you to try it out.

Free bets

Free bets can be awarded for several reasons, and are often the main benefit of a no-deposit bonus. They basically give you free bets to give you a feel for placing bets and how a sports betting site works. You can't withdraw free bet bonuses, you have to place them and they usually have an expiry date you must use them by. You will also find that placing a free bet means that the value of your free bet won't be included in your winnings.

Odds boosts

Many sportsbooks will pick selected events and give odds a boost on specific betting markets. For example, if the Super Bowl was coming up you may find a sportsbook offering enhanced odds on both teams to win, this is to encourage you to place a bet. Most of the time, odds will be boosted on markets less likely to win, and can often have restrictions on them like the amount you can place on the bet to cap the amount they have to pay out if the bet comes in.

Niche offers

Niche offers are usually offered by a specific sportsbook and are unique to them. Many bonuses like free bets and deposit match bonuses are more generic and can be found across many sports betting sites. A great example of this is how FanDuel offers a three-month NBA League subscription to allow you to stream games live, catch up on past games, and watch other content designed for the platform. You also have offers like PointsBet that promote a feature called "Name A Bet" which will give you odds on any bet you request that isn't available at its own site or any others.

Loyalty & VIP programs

Many online betting sites not just offer specific bonuses like those listed above, but they also introduce loyalty and VIP programs. These are used to encourage players to continue betting with it rather than going to a rival. The way this works is by giving you points for placing bets, and these points will level you up through tiers of rewards that you can redeem with your points. The kind of benefits you can get vary massively and range from free bets to discounted hotel stays and dining experiences.

Sports betting bonuses in your province

While many sportsbooks offer the same bonuses in various provinces throughout Canada, each one is entrusted to set its own restrictions and regulations. This means what you may be offered in one may not be available in another. To help you find the sports betting bonuses where you live, we've created pages on the specific bonuses in each area:

• Alberta bonuses
• British Columbia bonuses
• Manitoba bonuses
• New Brunswick bonuses
• Newfoundland and Labrador bonuses
• Nova Scotia bonuses
• Prince Edward Island bonuses
• Quebec bonuses
• Saskatchewan bonuses

How to find the right offer for you

When it comes to finding the best offer for you, you have to first answer the question of what exactly you are looking for.

Are you looking for some security on your bet? Then a "risk-free" bet is what you need. Do you want a boost to your betting funds? Then a deposit match might be better suited to you. There are so many different bonuses available that you want to work out what you're specifically looking for. 

After you have decided, you then want to check to see if there are any wagering requirements. You want a bonus that isn't going to make you work too hard for it and that is easy to qualify for.

Choosing from popular sportsbooks

Below we've listed some of the most popular sportsbooks available to bet with and their promotions currently available.

Fezbet promotions

Bet365 promotions

Powbet promotions

Stake.come promotions

TonyBet promotions

Benefits of our deals articles

Our deals articles are of great benefit because you can always ensure you have access to the latest and best bonuses available. Our guides not only tell you what the best offers are but how to claim them, the terms and conditions attached to them, and the benefits of each one.

By using our articles this means you can get the most from your sports betting experience and increase your chances of a better return by comparing and finding the best odds available at any given time.

Latest information

We always strive to bring you the latest information. Our team of experts and the software we use are always looking out for the latest and most relevant information regarding everything sports betting. This is then all updated in real-time to ensure that we are bringing you nothing but the latest and best offers, odds, and more 24/7.

Conclusion

And that ties up our comprehensive guide to sports betting bonuses. We've answered many of the most frequently asked questions to ensure that you have access to all the latest information so you can better understand how bonuses work. We've covered a number of the most common sports betting bonuses and listed some of the best we can find from the top sportsbooks that legally operate in Canada. We'll continue to do this on our promotions pages to bring you all the latest information so that you can get the most out of sports betting in Canada when using Oddspedia.

Free bets & No-deposit bonuses

Two popular bonuses that usually go hand in hand are free bets and no-deposit bonuses. Risk free bets can have several options like bet insurance or free bets equal to your initial stake if your bet loses. Sportsbooks also hand them out regularly without you needing to deposit any funds.

These types of bonuses are often used as a way to draw back dormant players who haven't placed a bet for a while in the hope that they continue to deposit funds and play. They're a great way for sportsbooks to make customers feel like their patronage is appreciated and to keep them happy. 

How to claim a free bet

Claiming a free bet as part of a no-deposit bonus can be as simple as signing up for a free bet following our step-by-step guide below:

1. Head to your sportsbook using one of our links
2. Create a new account
3. Your free bets should appear in your account
4. Add your bet selections to your betting slip
5. Open your betting slip and click "Add a Free Bet"
6. Your bet value will automatically populate
7. Click "Place Bet"

Now you just have to wait to see if your bet wins or loses. If your bet wins, winnings will not include your free bet value.

What documents will I need?

If you are signing up for a new account to claim a free bet as a no-deposit bonus then you may need to produce documentation that shows you are of legal gambling age and in a province with legal online sports betting. Acceptable forms of ID include a driving license, birth certificate, utility bills (for address), and a passport.

How long will it take?

Free bets can often appear in your account instantly, but many sportsbooks advise it may take up to 24 hours for them to appear. If you have to wait for a bet to settle before your free bets are awarded, then it can take up to 72 hours.

Free bets terms & conditions

There are many different terms and conditions attached to free bets. A common one is that free bets cannot be used on certain bet types such as Round Robin and Same Game Parlay Plus bets. They may also have to be used on bets that with minimum odds such as -200 or higher.

Another common condition of using them is the fact that when you use a free bet, any winnings from your bet will not include the value of your free bet. This is usually reflected on your bet slip when it displays potential returns before you place your bet.

If you have to place a wager to claim your free bet, like with a bet insurance offer that rewards you with free bets equal to the value of your initial wager if it loses, then there are terms that could void any promo. These include conditions like if you cash out a bet early or if the bet is voided due to backing an injured player to score.

Comparing the best free bet bonus offers at Oddspedia - An unrivalled filtering system

At Oddspedia we like to compare the best free bet bonuses to see which ones rise above the rest. We look at several areas when comparing them, such as how much you can get in free bets if they have wagering requirements attached, what betting markets they can be used on when they expire, and if free bets can be split into smaller bets or are given as a single one-time use.

When searching for free bets on our site, you can make use of our system to filter offers by certain criteria. This allows you to find the best offers for your specific needs. You can select whether you only want to see bonuses of a certain value, that have specific wagering requirements, and whether they are only available on specific sports.

By allowing you to filter findings on our site, it means you can find exactly what it is you're looking for. And we've created our filter system to be easy to use so that if you need to make changes or add more criteria to your searches to further refine your findings, it's all done with a few quick clicks.

Our criteria for finding the best free bet offers - Thinking outside the box and working around the clock

When it comes to finding the best free bets, there is a list of criteria that our experts use to assess how good a free bet offer is. One important aspect is how easy a free bet is to claim. For example, if you have to lose a bet you've placed for you to get a free bet; while it is nice to get a second chance to place your bet, receiving a free bet as a no-deposit bonus would be better because you're not having to wager your own cash first.

Another important aspect we use to compare free bets is whether or not there are wagering requirements attached. It's understandable that a sportsbook won't include the value of a free bet in your winnings, but if you have a rollover attached, whether it be 2x, 5x, or 8x your free bet amount, it can be incredibly difficult to achieve. So if a free bet has no rollover and allows you to withdraw any winnings if your bet wins, that is much better than a $100 free bet that you have to wager 5x. In the end, that's $500 you have to wager before you can withdraw anything.

It is also important to check what your free bet can be used on. Some sportsbooks may restrict you heavily to a specific sport or bet type, but others will give you more freedom. There will always be some form of restrictions in place, it's just a case of assessing them and comparing them with each other.

Our choice of the best free bet offers in Canada - Three of our favourite sportsbooks steal the show

So what are the best free bet offers now in Canada? Well, here are three of the best we've found:

Bet365 is a sports betting brand from the UK that has crossed the pond to launch operations in the Great White North. For new players who sign up and bet $1 with Bet365, you will get $250 in free bets. Almost sounds too good to be true, right? But it's totally legitimate. Admittedly, you can't just deposit $1 as its minimum allowed is $10, but still, it's a crazy return that allows you to get a proper feel for sports betting.

Caesars has become the largest US retail sportsbook. If you sign up to Caesars Sportsbook Canada you can earn up to $500 as part of its "risk-free" bet promotion. This is bet insurance - for your first bet of $10 or more, up to a maximum of $500, you will be awarded free bets equal to your bet value if it loses. On top of that, you also get 1,000 Tier Credits and 1,000 Rewards Credits for the Caesars Rewards program where you can redeem points for benefits.

The last of our best free bet offers is courtesy of FanDuel. Similar to Caesars, it offers you a free bet if your first real money bet loses. Except it offers double that of Caesars and will match your first bet up to $1,000.

Pros & cons of using free bets

Free bets are one of the best sports betting bonuses, but they can have downsides too. Below is a list of the pros and cons of using them.

Pros

• Available to new and existing customers
• Gives you an opportunity to try out new bets
• Helps build up your betting experience
• There is no risking your own money

Cons

• Some come with wagering requirements
• Winnings don't include the value of your free bet

Free bets glossary - Understanding the three key types of free bets

In order to better understand free bets and the various types available, we've put together this helpful glossary:

Risk-free bet / Moneyback bet

A "risk-free" bet, or moneyback bet as it is also known, works as a type of insurance. Rather than giving you a free bet outright, you have to place a wager, and if it loses then you're essentially given a second chance to place your bet again through the sportsbook giving you free bets. 

First deposit bonus

A first deposit bonus isn't a free bet as such but will give you bonus funds to place bets for free. It works by matching the amount you deposit on your first transaction. There are often caps on how much will be matched and a set percentage it will match to.

Free bet credits

Free bet credits are the free bets you have on your account. Some sportsbooks will add these as bonus funds that you can put toward bets, using any amount of the credits you wish. Other sportsbooks will give you a set value-free bet worth, for example, $5 or $25.

No-deposit free bet

This is one of the best ways to get a free bet because there are no strict requirements. Unlike the deposit match bonus which requires you to add funds to your account, a no-deposit bonus will just award you free bets for signing up or for trying out new bets with no deposit required.

First bet matched bonus offer

Similar to how a deposit match works, some sportsbooks will match the value of your first bet instead. It works in the same way in that it will have a max limit it will match and you'll have to place a minimum value, but it's a great way to earn a free bet.

Free bet FAQs - Enhance your knowledge of free bets as we answer the most common questions

Comparing the best - Enhanced odds offers at Oddspedia

We don't just list the best-enhanced odds offers. At Oddspedia we update all our odds in real-time which allows you to search for the bets you want to cover and find the best available odds and who offers them at any given moment. So whether you want odds on an upcoming game or are interested in a future bet on who will win the Stanley Cup, we'll have all the odds from licensed sportsbooks, and they'll always be accurate. This ensures you can get the best return on your bet.

You can also compare odds to see what bonuses each sportsbook is offering for an even better chance of getting something a little extra back when you join a new sports betting site.

What makes a good enhanced odds offer?

An enhanced odds offer needs to significantly raise the odds that you are currently given. If a sportsbook raises it but it's still not the best in the market, then it's pointless and you can get better odds elsewhere.

It's also important that you check if there is a cap on how much you can bet or win on enhanced odds as well. If there is a cap then it will restrict the amount you can win. 

Our choice of the best enhanced odds offers in Canada - Our personal pick for the best offer

Picking out the best enhanced odds offers in Canada is incredibly difficult because all sportsbooks offer them, and they offer them on different sports and bet types. So what's the best depends on what you bet on.

Usually these enhanced odds are announced on the day or in the days leading up to an event. It is often the case that enhanced odds are given out an hour before a game and can be offered or removed at any time. It's tough to pick the best ones as a result. But you will find all the latest enhanced odds offers on Oddspedia, which is your best chance at finding what the best ones are each and every day.

Terms & conditions of an enhanced odds bonus

The most common terms and conditions when it comes to enhanced odds bonuses relate to the limits imposed on these bets. There is often a maximum bet value you can place on these enhanced odds, and that imposes a maximum win amount as well.

You are often not allowed to use enhanced odds bets as part of parlays either. If you try to, then it will revert your selection to the original odds it was offered instead of the enhanced odds.

These bets are also only available for limited times and can change constantly by the hour. So if you're not quick enough you can miss out.

Enhanced odds FAQ