Best Sportsbook Promos in Canada: Top Bonus Offers June 2026

My team and I have over 20 years of experience reviewing and comparing sports betting bonuses in Canada. We’ve seen and personally tested hundreds of sign-up offers and ongoing promos from 30 Canadian sportsbooks, returning weekly to check for new promotions.

For each bookmaker we sign up with, we spend 10+ hours claiming bonuses, poring over terms and conditions, chatting with customer service, and testing out each withdrawal method to get a true handle on the platform.

I applied our strict testing process to the top sportsbook promos in Canada right now to present the five offers that stood out from the rest. After that, I discuss some offers that just missed the cut, the common types of sports betting bonuses, and everything else you need to know about Canadian sportsbook promotions.

“100% deposit matches used to be the norm. They are rare, so it immediately stands out when I see a sportsbook like Stake that offers to match 200% of my first deposit. Then, when I see the bonus has a maximum value of $3,000 USD, I know it has to go on my list.” - Sam Bentham, Oddspedia Sports Betting Expert

Stake promo pros and cons

Our Stake promo code ODDSMAX allows you to claim a massive $3,000 USD welcome bonus. If you claim this offer, Stake will match 200% of your first deposit. That means for every $1 you deposit, you get $2 back in bonus bets (up to $3,000). Once converted to Canadian dollars, this bonus is worth over $4,100.

While this is an excellent offer in terms of value, it will take you a while to play through. The bonus has a 40x wagering requirement, and sports bets only contribute 75% to that requirement (casino wagers contribute 100%). Despite this, the value is too good for sports bettors to pass up.

If you're eager to start building your bankroll upon sign up, check out the best Stake games for profit. 

Stake welcome offer key details

How to get your Stake welcome offer

• After registering with Stake.com Sportsbook using promo code ODDSMAX, make a first deposit of at least $10.
• For however much you put down, the sportsbook will match it 200%. For example, if you add $100 in real money to your account, you'll receive $200 in bonus funds.
• The maximum deposit allowed is $1,500, so you can unlock up to $3,000 USD ($4,100+ CAD) in bet credits.
• Your bonus will arrive within 24 hours.
• You must meet a 40x wagering requirement before you can withdraw any winnings.
• There is a 1% max bet applied to your qualifying deposit amount. For example, if you deposit $1,500, your maximum stake per qualifying wager will be $15.
• You may use the Stake.com bonus for the online casino as well as the sportsbook.

More Stake betting offers

*All dollar figures presented in USD

✅ Final verdict

A 200% deposit match up to $3,000 USD is almost unheard of today, instantly putting this offer in elite territory for players who want serious bankroll potential from Day 1. Yes, the 40x wagering requirement is demanding, but the sheer size of the bonus, strong ongoing promos, and flexibility to use it across sports and casino more than make up for it, especially for active bettors who already plan to play regularly.

Add in crypto support and a deep menu of insurance-style promos that reduce downside, and this is a high-value, high-upside offer that rewards commitment.

⭐ Curious to learn more about one of the best betting sites in Canada? Check out our Stake review.

“bet365 is one of the biggest sports betting brands in the world, so it’s no surprise that it has a great sportsbook bonus. My favourite thing about this promo is that bet365 doesn’t make you jump through hoops to claim your bonus winnings. Just wager your bonus bets once, and boom! You’ve satisfied your wagering requirement.” -Michael Hoad, Oddspedia Commercial Editor

bet365 promo pros and cons

Sign up using our bet365 bonus code ODDSPEDIA to claim a $50 bet-and-get offer or a $1,000 first bet safety net. You can only choose one, and both offers cater to different needs, so think carefully about which you select.

If you select the bet-and-get offer, all you need to do is sign up, deposit $10+, and wager $10 or more on any market with -500 odds or greater. Once your bet settles, you will get $50 in bonus bets, regardless of whether you win or lose.

For the First Bet Safety Net offer, just make your qualifying deposit, then place a bet. If you lose, you will get your money back as bonus bets (up to $1,000).

I recommend the $50 offer for beginners and cautious players, and the $1,000 safety net for high rollers.

bet365 welcome offer key details

How to get your bet365 bonus

Here's how to redeem the bet $10, get $50 in bonus bets offer

• Register for a new bet365 account using promo code ODDSPEDIA.
• Deposit a minimum of $10.
• Place a bet of $10+ on a market with odds of at least -500 (1.20).
• You will receive $50 in bonus bets after your wager settles.
• Bonus bets can be split across multiple wagers.
• The bonus money cannot be withdrawn and expires seven days after receipt.

If the First Bet Safety Net catches your eye, make sure you adhere to the conditions below:

• Sign up for a new account with bet365 bonus code ODDSPEDIA.
• Deposit at least $10.
• Place a wager of up to $1,000.
• If your bet wins, you won't receive a bonus.
• If your bet loses, the sportsbook will reimburse your stake in the form of bonus bets ($1,000 maximum).
• Bonus funds should be added to your account within one hour of your qualifying wager settling.
• Bonus bets are not withdrawable and expire after seven days.

More bet365 betting offers

✅ Final verdict

bet365’s welcome bonus nails what most bettors actually want: simplicity, flexibility, and fast access to real winnings. Instead of locking players into long, confusing rollover requirements, bet365 keeps it clean with a 1x playthrough. Just place your qualifying bet, and any winnings are yours to keep.

The choice between a low-risk $50 bet-and-get deal or a massive $1,000 first bet safety net makes this promo appealing to both cautious beginners and confident high-stakes players. While the headline value isn’t as flashy as some competitors and there’s no crypto support, the ease of clearing the bonus and bet365’s industry-leading ongoing promos more than make up for it.

If you value fair terms and a trusted global sportsbook, this is one of the smartest sign-up bonuses you can claim.

⭐ Scroll through our bet365 review to see why this operator boasts one of the best betting apps in Canada.

“Both bet365 and Betway have dual bonuses, but I like Betway’s better. The first bet safety net is lower at just $200, but I prefer the deposit match option over a bet-and-get promo. Overall, I think Betway does a better job of catering to different types of bettors.” - Sam Bentham, Oddspedia Sports Betting Expert

Betway promo pros and cons

If you decide to bet at Betway, you can choose between two bonus offers. The $200 first bet safety net allows you to get your first wager back in bonus bets if you lose it (up to $200). If you choose the deposit match, Betway will match 100% of your first deposit up to $300. No Betway promo code is necessary.

The deposit match offer has a 10x wagering requirement, while the safety net only has a 5x requirement. Whichever offer you choose, you only have seven days to use your bonus bets before they expire.

Betway welcome offer key details

How to get your Betway welcome offer

If you're looking to claim the bet insurance deal, follow these steps:

• Sign up with Betway and opt-in to the welcome bonus.
• Deposit a minimum of $10.
• Place your first bet.
• If your wager loses, you’ll get your stake back as a single bonus bet worth a maximum of $200.
• Your reward should hit your account within 30 minutes of your wager settling as a loss.
• Your bonus bet is not cash, so a winning wager with these funds won’t return your stake.
• The bonus bet expires seven days after being credited and cannot be withdrawn.

Are you more interested in the deposit match Betway offer? I've highlighted the key T&Cs below:

• Sign up with Betway and opt-in to the welcome offer.
• Deposit a minimum of $10 into your account within seven days of registering.
• The amount you deposit will be matched at a 100% rate up to $300. Even if you deposit more than $300, you'll only receive $200 in bonuses.
• You must wager the bonus amount 10 times at odds of 1.75 or greater before withdrawing your winnings. Bets carrying odds between 1.3 and 1.74 will only contribute to your 10x playthrough requirement at a rate of 20%. Odds shorter than 1.3 do not contribute at all.
• Bonus bets expire seven days after issuance and cannot be withdrawn.

More Betway betting offers

✅ Final verdict

Betway’s welcome bonus stands out for its flexibility, giving players real choice instead of a one-size-fits-all promo. Whether you prefer the lower-risk $200 first bet safety net or a classic 100% deposit match up to $300, Betway does a solid job catering to different betting styles.

While the safety net is smaller than what some rivals offer and you can only pick one bonus, the low $10 entry point and relatively manageable wagering requirements keep this offer accessible and realistic to clear. It’s not the flashiest bonus on the market, but it’s well-balanced, easy to claim, and fair, making Betway a smart sign-up option for players who want choice without complexity.

⭐ Want more intel? Our Betway review takes an exhaustive look at the sportsbook.

“A first bet safety net promo allows you to place your first wager with the security that you’ll get your wager back as bonus bets if you lose. I think anyone can appreciate these bonuses, but they are especially great for those who like to place large wagers." - Michael Hoad, Oddspedia Commercial Editor

BetVictor promo pros and cons

When you sign up for BetVictor and deposit $10 or more, you will get first bet insurance up to $100. If you lose your first wager, you will get your stake back as bonus bets. Your first wager must be on a market with 2.00 (+100) odds or greater. You don't need a BetVictor bonus code.

BetVictor pays out 50% of your losing first wager at settlement and then an additional 50% within 24 hours. However, bonus bets expire seven days after issuance, and you can split them across multiple wagers. You don’t have to worry about using all of your free bets on one wager as soon as you get them.

BetVictor welcome offer key details

How to get your BetVictor welcome offer

• No BetVictor bonus code is required, but you must be a new customer.
• Deposit at least $10.
• You have seven days from registration to place your qualifying bet, which must have odds of 2.00 or longer.
• You won't receive a bonus if your qualifying bet wins.
• If your first bet loses, you'll get 50% of your stake back upon settlement, followed by an additional 50% within 24 hours until your entire stake has been returned (up to a maximum of $100).
• The bonus bets can be spread across multiple wagers.
• The bet credits can be used on any sport, depending on what's in season.
• Bonus bets can't be withdrawn and expire seven days after issuance.

More BetVictor betting offers

✅ Final verdict

BetVictor’s welcome bonus is a safety net that shines for players who like to place confident or higher-stakes opening wagers. With first bet insurance up to $100 and a clean 1x wagering requirement, it keeps things refreshingly simple. If your first bet loses, you get your stake back as bonus bets that are easy to convert into withdrawable cash.

The requirement to bet at +100 odds or higher and the fact that you only get the bonus if you lose are small trade-offs for the upside and flexibility, especially since the bonus can be split across multiple wagers.

⭐ Oddspedia's thorough BetVictor review dives deep into all aspects of the online betting site.

“Sports Interaction’s welcome offer hits a nice middle ground between value and realism. You get a 125% deposit match up to $750 with a low $10 entry point, and the rollover is 6x, which is much more manageable than the double-digit playthroughs some deposit-match promos demand. The generous 60-day window for bonuses certainly helps." - Michael Hoad, Oddspedia Commercial Editor

Sports Interaction promo pros and cons

Sign up with Sports Interaction bonus code WELCOMEBONUS and you can claim a 125% deposit match up to $750. All you need to do is open a new account and deposit at least $10 within 30 days. For however much you deposit, Sports Interaction matches 125% of it, up to the $750 cap.

The catch is pretty reasonable for a deposit-match bonus. You need to wager through the combined total of your deposit and bonus 6x within 60 days, and only bets with odds at 1.50 (-200) or longer count. That makes this a stronger fit for bettors who are actually planning to use the site for a while, rather than players looking for a quick bet-and-get freebie.

Sports Interaction welcome offer key details

How to get your Sports Interaction welcome offer

• You must be a new Sports Interaction user.
• After registering with the Sports Interaction promo code WELCOMEBONUS, deposit at least $10 within 30 days.
• The sportsbook will reward you with a bonus equal to 125% of your qualifying deposit, up to $750.
• You must claim the bonus within 30 days of receiving it.
• Using your own funds, you must wager through the total amount of the bonus plus the deposit 6x within 60 days.
• Only wagers with final odds of 1.50 (-200) or greater will qualify.
• Each qualifying bet will contribute to the rollover regardless of whether it wins or loses.
• Once you have satisfied the wagering requirement, Sports Interaction will automatically transfer the bonus to your account.
• Keep in mind: The bonus cannot be withdrawn as real cash. Instead, it must be used to wager further with the betting site.

More Sports Interaction betting offers

✅ Final Verdict

Sports Interaction’s welcome bonus is a good example of a promo that doesn’t try to wow you with headline inflation and then bury you in ugly terms. A 125% match up to $750 is genuinely solid, the $10 minimum deposit keeps it accessible, and the 6x rollover over 60 days is fair enough that regular bettors have a realistic shot of clearing it.

It’s not the best choice for bonus hunters who want instant, no-strings bonus bets, and the broader promo menu is lighter than what some competitors offer. But for Canadian bettors who want a straightforward deposit match with a decent cap and reasonable conditions, this is one of the better offers on the board.

⭐ Check out the full Sports Interaction review for the rest of the sportsbook breakdown.

The FIFA World Cup features matches in Toronto and Vancouver as part of the 2026 tournament. Canada will host 13 matches in total, and the tournament runs from June 11 to July 19, 2026.

That means Canadian bettors should see a wave of soccer-specific promos from now through the final. We’ll keep this section updated throughout the World Cup, especially as sportsbooks roll out new offers for Canada matches, group-stage props, knockout-round boosts, and same-game parlay promos.

For now, these are the World Cup promos I’d have circled. 

🔄 bet365: Sub On Play On

Sub On Play On has been an incredibly popular feature ever since bet365 introduced it, and for good reason. Any soccer bet you place on a player market with the Sub On Play On icon will roll over to the new player if your original player is substituted off.

Here’s a Canada-specific example:

You back Jonathan David to score 2+ goals for Canada in a World Cup match. David scores once, then Canada substitute him off in the second half and bring on Cyle Larin. Your bet rolls over to Larin at the original odds. If Larin then scores before full-time, the combined goals from David and his replacement would make the bet a winner.

That’s a huge safety net for player props, especially in World Cup matches where managers rotate attackers aggressively, protect players on yellow cards, or make tactical changes early in the second half.

This promotion is valid on 23 of the most popular player prop markets, so it’s worth looking for the icon before betting on Canadian players like David, Larin, Alphonso Davies, Tajon Buchanan, or Stephen Eustáquio.

🏆 bet365: WC26 Tournament Challenge

You can win matchday and overall prizes, up to $250,000, by participating in bet365's World Cup pick-em challenge. Select the correct outcome in each match to earn points based on the odds associated with your picks. Cash and bonus bets are awarded to players who finish among the top 10,000 in the overall standings.

🎩 WC26 Matchday Reveal

Reveal a daily promo for every World Cup 2026 matchday in the "For You" page. The more promos you unlock the more entries you receive for a $100,000 weekly bonus bets prize pool. The top prize is $100 in bonus bets, awarded to 200 players each week.

2️⃣ Sports Interaction: 2 Up Early Payout

Sports Interaction’s 2 Up promo pays out eligible soccer match-result bets early if your team takes a two-goal lead at any point, even if the match later ends in a draw or defeat.

For example, if you back Canada to beat Qatar and the CanMNT grab a quick 2-0 lead, your bet would be settled as a winner at that point. No need to wait for full-time.

That’s especially useful during the World Cup because late-game chaos is basically guaranteed. Teams chasing qualification, goal difference, or a knockout-round equalizer can completely flip a match in the final 20 minutes. With 2 Up, you can still get paid before the nerves kick in.

This is the type of promo I’d look for when backing favourites in group-stage matches, especially if you expect one team to start fast.

💂‍♂️ Sports Interaction: Parlay Protection

If you're putting together World Cup parlays Sports Interaction may be your best option. It's offering your stake back as a bonus bet, up to $50, if you lose a 5+ World Cup parlay or SGP by just one leg. You must also meet the odds requirement of 1.25 (-400).

🏃 Stake: Halftime Rush

Unlike a regular boosted-odds promo, these Halftime Rush boosts are only available during the 15-minute halftime break, and they disappear once the second half starts. They are available for every match during the 2026 World Cup.

Stake chooses the boosted market and selection, marks it in yellow, and users can place one live, single bet per boosted selection. Max bet sizes, boost values, and eligibility may vary by user or match.

⌚ Stake: 90th-Minute Payout

Stake also has an early payout promotion, but it works a little differently. Instead of rewarding you for a two-goal lead, you get covered in the event of an extra-time collapse.

If the team you backed in the winner market is leading at the 89:59 mark but doesn’t go on to win, you’ll still be paid as if your bet was successful. The minimum stake is $5 and the maximum payout is $100.

That makes this a strong World Cup promo for bettors who like moneyline picks but hate watching a good bet get wiped out by a stoppage-time penalty, set piece, or VAR decision.

🌍 1xBet: World Win 26

1xBet has plenty of unique promotions. One of its World Cup-specific promos is a tournament leaderboard in which you earn 1xCoins that can be redeemed for attribute points. Unlock all attribute points for each of the three "roles" (footballer, referee, and fan) to earn free bets up to $50.

You can also earn a lucky ticket each day with a guaranteed bonus (odds boost or bonus bet) by wagering at least $3 on a World Cup match.

Every week we research all the available bonuses from over 30 Canadian sportsbooks. We get members of our team in Canada to claim the bonus and compile a full report on how easy it is to use, what they could bet on, and how quickly they could get to the point of being able to withdraw winnings.

We don’t just list offers, we calculate what they’re actually worth. Here’s what drives our promo rankings and how each factor is weighted:

🎁 Welcome bonus value and wagering requirements (40% of ranking)

Most sites promote the biggest number. We measure how much of that you can actually keep.

We calculate expected value (EV) by simulating bets under typical conditions (even-money odds, standard markets) and factoring in rollover requirements.

What this looks like in practice:

• $500 deposit match with 10x wagering requirement:
• Requires $5,000 in bets.
• With a typical 5% sportsbook margin, expected loss is ~$250.
• Real bonus value = $250 (50% of headline amount).

• Bet $10, get $50 with 1x wagering requirement
• Bet $10, get $50 in bonus funds
• Bonus bets typically convert at 65%-75% of their value
• Real value: $32-$38

How we score bonuses:

• High value: 60-80%+ extractable
• Average: 40-60%
• Low value: Under 40%

🔄 Ongoing promotions (25% of ranking)

Long-term value comes from repeat offers, not just the welcome bonus. We track how much a regular bettor can realistically gain over time.

Example monthly value:

• Daily odds boosts: +2–5% edge = ~$20–$50 extra per month for active users.
• Bet & get reloads: $10–$25 value per week = ~$40–$100 per month
• Cashback promos: 5–10% on losses = ~$25–$75 per month depending on volume

Strong sportsbooks typically offer:

• 5–10+ recurring promos weekly
• Consistent boosts on major leagues (NHL, NBA, NFL, MLB)
• Regular reload bonuses

Sites with limited ongoing promos (or only major-event boosts) score significantly lower.

⚖️ Fair terms and restrictions (15%)

Some terms and conditions can cut a bonus’s value in half, so we quantify the impact. Common value killers are:

• Odds restrictions of -300 or longer: This forces higher risk bets, reducing EV by 10-20%.
• Parlay requirements (3+ legs): Increases variance and bookmaker edge, reducing EV by 15-30%.
• Short expiry windows: Expiries of 7 days or less limit your ability to optimize bets, reducing practical value.

💸 Payout speed and reliability (10%)

We test withdrawals using real funds, because promo value only matters if you can actually cash out.

• Top-tier books: E-wallet withdrawals in 2-12 hours.
• Mid-tier books: 24-48 hours standard.
• Slower operators: 3-5 days, often with extra verification steps.

Delayed withdrawals effectively reduce value, especially for high-volume bettors cycling bonuses.

📱 User experience and promo usability (10%)

Even high-value Canadian sportsbook promos lose points if they're hard to use. We track friction points that directly impact how much money you can pocket.

• Auto-applied bonuses vs. manual opt-in: Manual systems lead to 10-20% missed usage
• Clear wagering requirement trackers: Completion rates improve significantly if you can see your progress against the playthrough requirement.
• Live odds refresh speed: Even a 1-2 second delay can erase the edge on boosted bets.

Stake, bet365, Betway, BetVictor, and Sports Interaction are our top-rated Canadian sports betting bonuses, but they’re not Canada's only excellent welcome offers.

I reviewed dozens of sportsbooks to make this guide. Here are three sportsbooks that just missed the cut.

TonyBet: $350 deposit match

TonyBet was founded in 2009 and has grown slowly but steadily into a major European sports betting market player. Since 2022, it has also made a significant push into the Canadian market, with exclusive offers for Canadian players and existing customer promos for North American sports, like hockey.

If you want to try the sportsbook for yourself, TonyBet will match 100% of your first deposit up to $350. All you need to do is opt in to the bonus offer and deposit over $15. TonyBet bonus bets have a 5x wagering requirement. Only single wagers with -200 odds or greater and parlays with -143 odds or greater contribute toward it.

⭐ Check out our TonyBet promo code guide and TonyBet review for more information.

BC.Game: $2,200 deposit match

Like Stake, BC.Game is a crypto-centric sports betting site, but anyone can claim the site’s $2,200 (US$1,600) welcome bonus by using BC.Game bonus code oddsmax. It is a deposit match offer across your first four deposits.

Each deposit bonus has a different matching percentage. See below for a full breakdown:

• First deposit: 120% deposit match up to US$500
• Second deposit: 100% deposit match up to US$300
• Third deposit: 150% deposit match up to US$500
• Fourth deposit: 100% deposit match up to US$300

These deposit bonuses also allow you to claim free spins or an additional US$20 in free bets.

⭐ Oddspedia's BC.Game bonus code article and BC.Game review dive deeper into this offer.

There are lots of other sportsbooks beyond the ones we've highlighted so far. If you're curious about other options, check out our guides to the following betting bonuses:

With so many great promos out there, picking one standout for returning users isn’t easy. But for this month, my top pick is bet365’s Player Prop Injury Insurance.

Here’s why it rocks: if your pre-game player prop loses because the player is ruled out before halftime (NFL/NBA) or before the start of the 2nd period (NHL), you’ll get your stake back as Bonus Bets. Building parlays or Same Game Parlays? If one leg sinks due to an eligible early injury scratch, bet365 recalculates your wager with new odds and pays any resulting winnings in Bonus Bets. It’s simple, fair, and perfect for the chaos of mid-season lineups. Just make sure your bet is placed before tipoff/puck drop/kickoff to qualify.

Once you've secured your sportsbook bonuses, you'll need to find events that interest you in order to use the extra funds.

This week's marquee sports betting events include the NBA Finals, Stanley Cup Final, and the World Cup. There's also the RBC Canadian Open and UFC Freedom 250.

A sportsbook welcome promo is a special offer from a sports betting site designed to attract new customers. On the other hand, existing customer promos are designed to encourage active bettors to stick around or bet more.

The most common sportsbook promos in Canada are deposit match offers, safety net bets, and bet-and-get offers. Some sportsbooks offer more creative promos or crypto-exclusive bonuses.

The easiest way to get a sportsbook promo is to sign up for a sportsbook. Sports betting sites are constantly looking for new users, so they all have bonus offers available exclusively to people who don’t already have an account.

If you’ve already joined a sportsbook, the best way to find available bonuses is on the sportsbook’s promotions page. Most sites have a dedicated page just for bonus offers. You may also get tailored or exclusive offers sent to your email or account inbox if you’ve opted in to those features.

Every sportsbook promo works a little differently, depending on the promo type. We'll get into the details of each type below.

Bonus bets themselves, though, typically are the same everywhere. These are bonus credits that you can use for wagers without having to dip into your actual account balance.

However, bonus bets are non-withdrawable and do not count as winnings. You'll only receive the profits on successful bets, not the stake. For example, if you use a $10 bonus bet to place a wager with 3.00 odds and you win, your return would be $20 instead of the $30 you would get wagering with real money.

What types of sportsbook bonuses can you expect to receive at our top-rated Canadian betting sites? Well, these promos can come in all different shapes and sizes. Let’s take a closer look at the most common types.

Deposit matches

A deposit match bonus is when a sportsbook matches all or a portion of your initial deposit with bonus bets. With a 100% deposit match, you get a bonus equal to your first deposit, but some sportsbooks will match more. Stake, for example, matches 200%. These bonuses always have an upper limit, usually a few hundred dollars. In Stake's case, the limit is a whopping $1,000.

Bet and get

Bet-and-get offers reward you with bonus bets after you place your first wager. For example, the bet365 bet-and-get bonus gives you $50 in free bets when you place a $10 wager, regardless of whether you win or lose. Some bonuses only pay out if you win your first wager, though.

Bet insurance

Bet insurance promos, sometimes known as safety nets, allow you to get your stake back if you don't win. Say you place a $100 wager and lose, you would get $100 back in bonus bets. Like deposit match offers, these typically have a maximum cap of a few hundred dollars.

No-deposit bonuses

A no-deposit bonus is a free bonus you get just for signing up. Because you don’t need to spend any money to claim no-deposit bonuses, they are pretty rare here in Canada. However, some sports betting sites offer no-deposit bonuses as existing customer promos for loyal bettors.

Odds boosts

Odds boosts increase the payout of a specific bet selected by the sportsbook. For example, if a wager had +150 odds normally, the boost might bump it up to +200. This means you stand to receive more money if you win. These promos are extremely popular in Canada, especially around marquee events like the Super Bowl or NBA Finals.

Profit boosts

Profit boosts are like odds boosts, but they apply more broadly to certain types of bets (e.g., parlays with 3+ legs). Some sportsbooks also offer profit boost tokens that give you control over which bets you want to boost the odds on. Once you apply the token to a bet, your potential payout will increase by 10%, 20%, 50%, etc., depending on the token.

Reload bonuses

Reload bonuses are available to existing sportsbook customers who make repeat deposits. Like welcome bonuses, reloads usually come in the form of bonus cash. The size of the bonus is typically tied directly to the deposit amount. You can only withdraw the reload bonus once you have completed all of the offer’s terms and conditions.

Loyalty programs

Loyalty programs reward customers who frequent the same sportsbook. Every time loyalty members wager, they earn reward points they can redeem for things like first bet offers, bonus cash, cashback, and more.

Loyalty points also contribute to VIP levels. The more loyalty points you earn, the higher you rise through the various tiers. Every new level you reach gives you access to bigger and better rewards and perks.

Sportsbook bonuses can offer value to new bettors or existing customers. You should never forget that there are trade-offs, though. Bonus bets are not just free money. There’s always a catch or some other condition attached.

👎 Negative incentives: Sportsbook bonuses can encourage bettors to wager more than they can afford in exchange for the chance of claiming a big bonus offer or special prize. 

❓ Complicated terms: High wagering requirements or limits on the types of wagers you can place with bonus bets can make bonuses practically worthless.

🚫 Problem gambling risk: Short expiry periods and limited-time offers can lead to bettors placing more bets than they would have without bonuses available. If you don’t closely monitor this behaviour, it can lead to unhealthy gambling habits.

❌ Restrictions: Sportsbook bonuses are not one-size-fits-all. Some bonuses have restrictions on payment methods or location that will make many players ineligible to claim the bonus.

All of the promos we’ve recommended in this guide are from vetted, licensed, and legit sites. If you ever have doubts about a bonus, read through the terms and conditions carefully. 

Sportsbook welcome bonuses are a great way to claim bonus bets and help you start sports betting on the right foot. However, any sportsbook worth its salt should also have various existing customer promos to reward you for betting with them.

Here are my favourite ongoing sports betting promos for my top-ranked sites.

Stake: Sport-specific bet insurance

Stake is the king of unique sports betting bonuses for existing players. Every week, I check the promotions page and find offers that no other sportsbook has. My favourite Stake promos, though, are its bet insurance offers.

These offers pay out winning bets even if you lose, and Stake has one available for almost every sport. For the UFC, you can get up to $250 paid out if the fighter you bet on to win loses via split decision. In baseball, you can win up to $100 if the team you bet on to win leads a game heading into the 9th inning but loses.

Stake has even better offers relating to the teams and athletes it sponsors. For example, the Ñublense 3 Goal Payout promo will allow you to win up to $100 betting on the Chilean soccer team Ñublense if they lose but score three goals.

bet365: Early payouts

This promotion is a personal favourite of mine, and has benefitted me several times over. With early payouts, bet365 will credit you as a winner if the team you backed goes ahead by a certain number of points, goals, etc. It's available across a number of different sports.

For example, if you wager on a hockey team and that squad goes ahead by three goals at any point in the match, you’ll win your bet, no matter the final result. This promotion would have been particularly valuable when the Toronto Maple Leafs infamously blew a 4-1 lead in the third period of Game 7 against the Boston Bruins in the 2013 Stanley Cup playoffs.

Betway: Parlay Club

Betway is another big sportsbook with standard boosted bets and profit boost promos. However, the best Betway bonus is its Parlay Club. It is easy to understand, and Betway usually has separate parlay bonuses for almost every major sport.

The current Betway Parlay Club free bet promo will give you two $5 free bets ($10 total value) when you place a wager of $25 or more on a parlay with three or more legs. All you need to do is opt in to the Parlay Tracker feature.

You can claim the Parlay Club free bet promo once per week, and bonus bets are valid for 30 days, so if you like to bet on parlays like I do, you can rack up quite a few bonus bets every month.

BetVictor: Odds boosts

Compared to the other top sportsbooks in Canada, BetVictor's existing customer bonuses are somewhat lacklustre. The sportsbook has bets with enhanced odds for selected markets that are updated daily. It also has a parlay insurance promo for parlays with over five legs and combined odds greater than +300.

Of these two BetVictor existing customer promos, the boosted bets are my favourite. Don’t get me wrong, I like parlay insurance promos, but the terms of BetVictor’s aren’t as friendly as some of my other favourite bonuses are.

On the other hand, boosted bets are super simple, fair, and offer great value. If there’s a market I already like, boosted bets make it even better by giving me a chance of bringing home even more profits.

Sports Interaction: Bet-and-get deals

As much as I like Sports Interaction and its welcome bonus, the sportsbook doesn’t have as many existing-user promos as some of the other operators. One thing that does stand out is the bet-and-get perks Sports Interaction offers.

In NHL, NBA, soccer, and tennis, you apply the Bet & Get Reward, then place your wager. Once it settles, you’ll automatically receive a bonus bet you can use on any sport.

Here are some common restrictions and conditions applied to bonus bets that can affect the overall value of a promo offer.

📊 Minimum odds requirements

Many sportsbooks don’t permit you to use bonus bets on wagers with odds below a specific value. For example, Sports Interaction only allows you to wager on markets with 1.50 odds or longer to unlock the welcome bonus. Alternatively, some sportsbooks only let you claim a bonus if your qualifying bet was on a market above a specific minimum odds threshold.

🎲 Bet type requirements

Bonus bets often restrict the type of wagers you can use them on. For example, a sportsbook might state free bets can only be used on parlays with 3+ selections.

🏅 Eligible markets

Some bonuses apply to specific sports betting markets. You might only be able to use bonus bets to wager on hockey, for example. This restriction isn’t widespread for welcome bonuses, but you may see it for some existing customer promos.

5️⃣ Wagering requirements

Wagering requirements are essentially cumulative betting totals. You must bet more than the wagering requirement to withdraw winnings earned from bonus bets.

A 1x wagering requirement means you just need to wager your bonus bets once before they're converted to your withdrawable balance. 5x, on the other hand, means you need to wager five times your bonus amount (e.g., you need to wager $500 on a $100 bonus).

⌚ Time to claim

Bonuses are meant to encourage you to make deposits and place wagers. For this reason, you typically only have a limited time after you create your sportsbook account to claim your bonus. It’s usually a week, but some sportsbooks give you 30 days.

⌛ Expiry periods for free bets

Free bets don’t last forever. 99% of the sportsbooks I’ve ever reviewed have had expiration periods on their bonus bets. Some are as short as three days, while others last three months or more. If you don’t plan on using your bonus bets immediately, pay special attention to this condition.

💳 Payment method restrictions

You can’t redeem some bonuses with certain payment methods. This usually affects cryptocurrency bonuses. However, some e-wallets are restricted payment methods for standard welcome bonuses.

In my experience, Skrill and Neteller are the most commonly restricted payment methods. If you use either of these options regularly, make sure to read the fine print first.

Players located in every province and territory (except Ontario) can enjoy the sports betting bonuses mentioned in this guide. Browse through our guides to the best Alberta betting sites, British Columbia betting sites, Ontario betting sites, and Quebec betting sites to learn more.

If you prefer wagering on the go, we have you covered with breakdowns of the best Alberta sports betting apps and Ontario sports betting apps.

Offshore companies offer betting services from outside of Canada, often from jurisdictions like Curacao, Malta or Gibraltar. They hold licenses in their respective locale, and can accept Canadian customers without being licensed within any Canadian province.

Thins are very different in Ontario, which is the country's only regulated market. All sportsbooks operating in the province must be licensed by the Alcohol and Gaming Commission of Ontario and iGaming Ontario.

The best bookmakers offer customers a range of resources to help them keep their gambling under control. It’s a good idea to visit the Responsible Gambling section of your account as soon as you sign up. You can then set daily, weekly, or monthly spending limits. Once you reach the limit, you’ll no longer be able to deposit until the next cycle starts.

Top sportsbooks also offer contact information for a variety of free and confidential gambling support groups like:

• Gambling Therapy

• GamTalk

• Centre for Addiction and Mental Health

• Gamblers Anonymous

• Canada Safety Council

Additionally, you can reach out to other organizations in your province using toll-free numbers.

This guide has covered the best sportsbook promos, types of promos, how to claim them, bonus terms and conditions, and more. If you want to maximize the value of your sportsbook promos, though, remember these three things:

• Focus on clever play (i.e., use your head, not your heart)
• Avoiding overspending just to claim a bigger bonus
• Look for long-term value over short-term gain

Examples of these principles include: depositing the minimum required amount unless you plan on wagering more, using bonus bets on wagers with good odds to maximize returns, keeping track of expiry dates and wagering requirements, and signing up for multiple sportsbooks to access different welcome bonuses.

If you do these things, you will get much more out of your sportsbook bonuses than people who don’t. Above all else, always remember: have fun and gamble responsibly.