Best Sportsbook Bonuses and Betting Promos in Canada for May 2025

Editor's Note: This content is not intended for residents of Ontario.

To compile a thorough list of the best promotions in Canada, we reviewed each betting platform, assessed a wide range of bonuses, and analyzed numerous Canada promo codes. After evaluating countless offers, we’re confident we've pinpointed the top choices available.

Before fully diving in, it’s essential to note that players in Ontario can only place bets via operators licensed by the Alcohol and Gaming Commission of Ontario (AGCO). For users in that province, we’ve put together handy lists of licensed Ontario betting sites and Ontario sports betting apps.

We also have lists focused on the top British Columbia sportsbooks, Quebec sportsbooks and Alberta sportsbooks.

We have chosen 10 of the best sportsbooks for Canadians, and listed the welcome bonus offers they are running. These deals are a great way to build your bankroll as the NHL and NBA playoffs continue, and the MLB season settles in.

200% Deposit Bonus up to $3,000

Bet now

Oddspedia opinion

Stake.com has been attracting Canadian sports bettors since its launch in 2017. The site is licensed in Curacao and is a member of the Crypto Gambling Foundation. Stake.com also has several high-profile betting partners, including the UFC and Everton FC.

Using our exclusive Stake.com promo code ODDSMAX, you can claim a 200% deposit match welcome bonus worth up to $3,000. You can also take advantage of other weekly and monthly bonuses at Stake.com to see why it's quickly becoming one of the best sports betting sites in Canada.

Who is the Stake promo best for?

Stake.com sports promos are suitable for a wide range of bettors. MLB bettors, in particular, will benefit from various baseball promotions like MLB Double Winnings, MLB Early Homer Payout, and MLB 9th-Inning Payout. You’ll also find great perks like Daily Races and Stake’s Weekly Raffle.

How does the Stake promo work?

• After registering with Stake.com Sportsbook using promo code ODDSMAX, make a first deposit of at least $100.
• 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 in bet credits.
• Your bonus will arrive within 24 hours.
• You must meet a 40x wagering requirement before you can withdraw any winnings.
• You may use the Stake.com bonus for the online casino as well as the sportsbook.

Oddspedia expert rating: ⭐ 4.8/5

What users are saying about Stake.com

"This is the best online casino I've ever played on ! Support staff is outstanding, and rarely needed. In my opinion the best combination. My deposits and withdrawals both take seconds to go through and I've never felt that I didn't have a chance to win fair and square!" - Skyler, Trust Pilot reviewer

"Been with Stake for over 3 years, started without any issues and still have no issues with deposits/withdraws or account being locked, etc. One of the best if not the best online casino live right now." - Jay, Trust Pilot reviewer

Stake Sportsbook overview

Why trust Oddspedia?

Stake.com has skyrocketed in popularity since it launched in 2017, and Oddspedia has been along for the ride since the beginning. All told, our stable of betting experts have placed hundreds of wagers with the sportsbook, and claimed plenty of great bonuses along the way.

Stake promo pros and cons

🌟 If you're not ready to sign up with this sportsbook, our Stake.com review goes into further detail about the operator.

100% First Deposit Bonus up to C$200

Bet now

Oddspedia opinion

Coming onto the scene in 2024, Rtbet is one of Canada's newest online sportsbooks. With their top-tier software providers and huge game selection, RTbet should be at the top of everyone's must-try platforms. New customers can enjoy a 100% bonus up to $150 on your first deposit. 

Who is the Rtbet promo best for?

The RTbet welcome offer is suitable for almost everyone. With just a $30 minimum deposit, this offer is affordable for any type of user, whether you've been at it for years or just getting your feet wet, this offer is worth checking out. 

How does the RTbet promo work?

• After signing up for RTbet sportsbook make a real-money deposit of at least $30.
• The bonus is 100% of a player's first deposit up to $150.
• In order to qualify for this bonus, players must play through the full amount of their first deposit, at least once, with odds of no less than 1.50. Alternatively, all bets must be settled.
• The Bonus will be automatically activated within a player's account after completing the required rollover requirements with their qualifying deposit. Players can cancel a bonus at any time from their "My Bonus" tab.

Oddspedia expert rating: ⭐ 4.9/5

RTbet Sportsbook overview

Why trust Oddspedia?

RTbet doesn't have the same name recognition as an operator like DraftKings, but it still has plenty to offer. We put as much effort into reviewing smaller sportsbooks as we do the industry heavyweights, going through all of the fine print. After hours of research into RTbet, we're impressed with what we see.

RTbet promo pros and cons

100% up to $150

Play Now

Oddspedia opinion

Bankonbet Sportsbook has more than 30 sports available, ranging from football, horse racing and tennis to more niche sports such as lacrosse, water polo and biathlon. Their European football odds are some of the best available, and you can bet on 250+ football markets.

Who is Bankonbet best for?

If you're looking for a live betting experience in Canada, Bankonbet offers 10,000 in-play matches each month. Bankonbet also offers a Bet Builder which can be combined between basketball and football, and users can put up to six markets from the same event together and create a new combo.

Oddspedia expert rating: ⭐ 4.7/5

What users are saying about Bankonbet

"My betting preferences include set winners and total games but the market options here remain restricted. Bankobet operates smoothly for me and my withdrawal requests are processed within about 2-3 days. The service is great for football betting yet I hope they develop additional tennis markets." — Donald, Trustpilot reviewer

"Bankobet navigation is very straightforward which allows me to bett regularly. Bankobet remains fast and responsive throughout peak betting hours. I have won some decent Tennis and Football bets and withdrawals happen fast, typically taking just a couple of days. The user-friendliness and reliability of Bankobet have impressed me." — Mark, Trustpilot reviewer

Bankonbet Sportsbook overview

Why trust Oddspedia?

We've meticulously tested every inch of Bankonbet Sportsbook to provide an exhaustive overview. As one of the industry's leading sports betting information sites, you can trust us when we deem Bankonbet a solid operator despite being new on the scene.

Bankonbet pros and cons

🌟 There are multiple Canada sportsbook bonuses available for bettors looking for more expert insight and analysis on popular sportsbook promos. 

Bet $10, Get $50 in Bonus Bets

Claim $50

Oddspedia opinion

bet365 stands out as one of the most reputable sportsbooks in Canada, and for good reason. Established in 2000, bet365 has decades of experience delivering a top-notch platform for bettors worldwide. Their sportsbook features a range of innovative betting options, two generous welcome packages, daily bet boosts, and frequent special offers, among many other perks.

Who is the bet365 promo best for?

With two generous sign-up bonuses available — both of which are unlocked via bet365 bonus code ODDSPEDIA — players of varying experience levels can benefit. If you're a more cautious bettor, you may prefer the bet $10, get $50 in bonus bets deal. If you're comfortable taking on more risk, you might instead opt for the $1,000 of first-bet insurance. You can only claim one of the two offers, not both.

No matter what type of player you are and what sports you like to wager on, you can't go wrong with bet365.

How does the bet365 promo work?

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.

Oddspedia expert rating: ⭐ 4.8/5

What users are saying about bet365

"I only recently joined the bet365 Sportsbook, and I’m very impressed already with the breeze that it was to set up my account initially. I had a small issue at first, so I contacted the bet365 team, and I mean when I say this that I have never experienced better customer service for ANY sportsbook out there (trust me when I say that I’ve tried most all).” - App Store user

"I have to give credit where it’s due — bet365 and its team have created the best, unique, fastest and aesthetically pleasing sports betting application. The ball tracking and pitch animation features are excellent. The goal animation is also so much better than every other app out there. Things like this make a difference when you’re tracking a game, and the team you need scores a goal. It’s exciting and immersive, as betting should be. Well done to bet365 for creating the best sports betting app out there. This is the reason why it is my favorite bookmaker." - MacAulay, App Store user

bet365 Sportsbook overview

Why trust Oddspedia?

At Oddspedia, we've thoroughly examined every facet of bet365 over the years. From promotions and bonuses to betting features and banking options, we have an in-depth understanding of this sportsbook. This extensive knowledge allows us to confidently recommend it to Canadians.

bet365 promo pros and cons

🌟 bet365 is a global powerhouse in the sports betting space. If you're seeking more intel, check out our bet365 review.

100% Match Bonus up to C$350

Claim $350

Oddspedia opinion

TonyBet holds a license from Kahnawake, one of the world’s most respected regulatory authorities. At present, new customers who make a minimum deposit of $15 are eligible for a 100% match bonus of up to $350. The bonus is issued as a single bet after wagering the deposit amount five times on pre-match or live events with odds of -200 or greater. No TonyBet bonus code is necessary.

Who is the TonyBet promo best for?

The TonyBet welcome promo should appeal to most sports bettors. A 5x playthrough on events with odds of 1.50 or greater is very easy to achieve, especially when you have 14 days to do it.

How does the TonyBet promo work?

• Sign up for a new TonyBet account and make your first deposit of at least $15.
• Wager through your initial deposit amount five times. For the bet to count toward the wagering requirement, singles must have minimum odds of -200 (1.50), while parlays must have cumulative odds of no less than -143 (1.70).
• You must complete the playthrough requirement within 14 days of making your qualifying deposit.
• Once you have completed the wagering requirements, the single bonus bet will be added to your account within 72 hours. You'll receive a 100% match on your initial deposit amount, up to a maximum of $350.
• Your bonus bet may only be used on a parlay with at least three legs but there are no minimum odds requirements.
• All winnings from your bet credit may be withdrawn, but bonus funds themselves cannot be taken out.

Oddspedia expert rating: ⭐ 4.7/5

What users are saying about TonyBet

"TonyBet provides a good gaming experience overall. The site offers a broad range of games. The live casino section is particularly entertaining. However, I've experienced delays with withdrawals. Customer service is polite but can be slow. The bonuses are nice but have tough terms. The mobile app could use some enhancements. The desktop version works smoothly." - Donnie, Trust Pilot reviewer

"Decent experience overall. My experience with this platform has been decent. The site offers many games, which is great. The customer support is responsive. However, withdrawal times could be faster. The bonuses are good but come with high wagering requirements. - Burton, Trust Pilot reviewer

TonyBet Sportsbook overview

Why trust Oddspedia?

Our team includes both internal experts and external contributors, combining the skills of numerous seasoned industry professionals to guide you to the best sports betting sites in Canada. We don't throw our support behind sportsbooks unless we truly believe they're worth playing with.

TonyBet promo pros and cons

🌟 If you're looking for even more information, you can head over to our TonyBet review.

100% First Deposit Match up to $450

Claim $450

Oddspedia opinion

CashWin opened its virtual doors in 2023 and is the newest sportsbook on this page. Two things that stood out to our experts were the vast range of niche betting markets, and the huge selection of regular sports betting bonuses, which include bonus bets, 0% betting margins, and weekly reloads. If you sign up now and deposit $15 or more, CashWin will match the deposit at a 100% rate up to $450. Don't worry about a CashWin promo code.

Who is the CashWin promo best for?

This Cashwin Sportsbook bonus offer is suitable for all bettors, particularly cautious players. There are early payout promotions in place across a multitude of sports, meaning you can cash your bet early, even if the result doesn't go your way. For example, if you placed a moneyline bet on an NFL game and your team went up by 17 points at any time in the contest, you would still receive your full payout, even if that team ultimately lost.

How does the CashWin promo work?

• After registering with CashWin, make your first deposit of at least $15. To maximize the value, you'll need to put in $450.
• Deposits made via Neteller, Skrill, or Volt do not qualify for this promotion.
• You will receive your bonus funds immediately after making your qualifying deposit. You must activate them in the "My Bonuses" section of the website.
• Before you can withdraw your bonus funds, you must wager through the deposit and bonus amount 5x at odds of -169 (1.59) or greater.
• The maximum amount a single bet can count towards the rollover requirement is $75.
• You will have 30 days to complete the rollover requirement.

Oddspedia expert rating: ⭐ 4.7/5

CashWin Sportsbook overview

Why trust Oddspedia?

We’ve explored every aspect of CashWin to offer a detailed overview for our readers. As a leading source of sports betting information, our reputation is built on thorough research, which has demonstrated that CashWin is a trustworthy operator.

CashWin promo pros and cons

🌟 Have more questions? You can find answers in our CashWin review.

125% Deposit Match up to $250 + $10 Bonus Bet

Bet Now

Oddspedia opinion

10bet is a solid bookmaker that launched in 2003 and has licenses in several jurisdictions, including Malta and the United Kingdom. The sportsbook offers sharp odds on almost any sport or league you can think of. If you sign up now and deposit at least $15 using the 10bet bonus code SPORTUP, you'll enjoy a 125% deposit match up to $250, plus a $10 bonus bet.

Who is the 10bet promo best for?

Recreational bettors and high rollers will love this sportsbook bonus. It’s not just the potential size of the offer, but the fair T&Cs make it easy to achieve the rollover.

How does the 10bet promo work?

• Use the 10bet bonus code SPORTUP when you register a new account.
• Make an initial deposit of at least $15.
• Any deposit between $10 and $250 will be eligible for the 125% match welcome bonus.
• You must meet a wagering requirement of 15x the deposit and bonus amount before you can withdraw your funds.
• You must make all bonus bets on single sports markets with odds of at least -125 (1.80) or longer.
• The deposit match will expire 15 days after you make a qualifying deposit and receive the bonus match. The bonus bet will expire after 7 days.

Oddspedia expert rating: ⭐ 4.6/5

What users are saying about 10bet

"Impressive variety of live games. Already won a decent amount and had no issue with my withdrawal. Definitely sticking around." -App Store reviewer

"Contacted 10bet's support, and bam! Problem solved in minutes. Their service is quick and efficient. You guys rock!!!!" -App Store reviewer

10bet Sportsbook overview

Why trust Oddspedia?

Oddspedia has been featured in some of the world's most distinguished news outlets, including The Guardian, and The New York Times. You can rely on our team of in-house experts to provide an impartial review of 10bet, which we think features some of the best deals in Canada.

10bet promo pros and cons

🌟 Comb through our 10bet review if you want more information.

100% Sports Welcome Bonus up to $500

Claim $500

Oddspedia opinion

Goldenbet launched in 2022 and is licensed in Curacao. The bookmaker covers an extensive list of sports and leagues ranging from the most popular to some of the most obscure. While some odds margins can be high, experienced bettors will find plenty of value in many areas. New customers who deposit at least $20 can claim a 100% match bonus worth up to $500. There's no need for a Goldenbet bonus code.

After that, they can cash in on various ongoing promotions through which they can claim bonus bets, cashback, and more.

Who is the Goldenbet promo best for?

Since the Goldenbet promo comes with significant wagering requirements, it's best suited to players with prior gambling experience. It's also good for users who are comfortable assuming a sizeable amount of risk.

How does the Goldenbet promo work?

• Register a new account with Goldenbet and deposit at least $20.
• Receive a 100% match on your initial deposit, up to a maximum value of $500. This means you can get up to $500 in bonus funds if you deposit $500 or more.
• Start wagering on any market with odds of at least -250 (1.40).
• The wagering requirement is 20x your deposit amount (10x deposit and 10x bonus).
• Once you satisfy the wagering requirement, you can cash out winnings from your bonus wagers.
• You have 30 days to complete the wagering requirement. If you fail to do so, Goldenbet will cancel the bonus.

Oddspedia expert rating: ⭐ 4.5/5

What users are saying about Goldenbet

"I recently placed a bet on a tennis match through Goldenbet and I ended up winning $500! I was over the moon with my big win and it was all thanks to Goldenbet's easy-to-use platform and competitive odds. I will definitely be continuing to use their service for future bets. Thanks, Goldenbet!" - Keagan, Trust Pilot reviewer

"Goldenbet constantly offers exciting promotions and bonuses for their customers. I took advantage of their deposit bonus and was able to double my initial deposit. This allowed me to place more bets and increase my chances of winning big. I highly recommend checking out their promotions page for some great deals." - Layben, Trust Pilot reviewer

Goldenbet Sportsbook overview

Why trust Oddspedia?

Oddspedia has earned numerous awards for our affiliate sports betting platform. Our commitment to delivering accurate and current information on all aspects of sports betting ensures that our Goldenbet review is both precise and unbiased.

Goldenbet promo pros and cons

🌟 Scroll through our extensive Goldenbet review for more details.

100% First Deposit Bonus up to $500

Claim $500

Oddspedia opinion

PowerPlay went live in 2018 and it offers one of the most exciting live betting experiences around. New Canadian customers who deposit at least $10 will receive a 100% match bonus worth up to $500. A PowerPlay promo code isn't required. This offer comes with a 20x wagering requirement, which must be achieved by betting on live or pre-match events with -200 (1.50) odds or higher. You can cash out up to $4,000 with this sportsbook promo.

Who is the PowerPlay promo best for?

The PowerPlay welcome offer is suitable for almost anyone. The $500 bonus is pretty nice, and the hefty 20x wagering requirement is offset by the ability to wager on single events with -200 (1.50) odds or longer. It’s also nice that PowerPlay gives users 30 days to finish the bonus requirements.

How does the PowerPlay promo work?

• After signing up for PowerPlay Sportsbook, make your first deposit of at least $10.
• Bonus bets equal to the amount of your first deposit (up to $500) will instantly be added to your new PowerPlay account.
• You'll need to play through the bonus 20x before the funds are transferred over to your regular balance.
• Only wagers carrying odds of -200 (1.50) or longer will count toward the rollover requirement.
• Bonus bets have a maximum stakes limit of $250.
• Bonus bets are valid for 30 days.
• The most you can win from this betting bonus is $4,000.

Oddspedia expert rating: ⭐ 4.4/5

What users are saying about PowerPlay

"I love this app for sports betting, very user friendly with a great variety of betting options. The app is easy to navigate and the desktop site is great too. PowerPlay for the win!!" -Larry, Apple App Store reviewer

"I am impressed with the platform. Very easy to navigate. Will be great to see more casino games added to the app." -Tunde, Apple App Store reviewer

PowerPlay Sportsbook overview

Why trust Oddspedia?

PowerPlay doesn't have the same name recognition as an operator like bet365, but it still has plenty to offer. We put as much effort into reviewing smaller sportsbooks as we do the industry heavyweights, leaving no stone unturned in our examinations. After hours of research into PowerPlay, we're impressed with what we see.

PowerPlay promo pros and cons

🌟 We've put together a complete PowerPlay review to further acquaint you with an operator trying to cement itself as one of the top betting apps in Canada.

100% First Deposit Match up to $150

Claim $150

Oddspedia opinion

FEZbet went live in 2020 and is proving to be a formidable competitor in the Canadian sports betting market. The welcome bonus offers Canadians a 100% match up to $150. A FEZbet promo code isn't needed. There are plenty of great deals for loyal players, too, like weekly reload bonuses.

Who is the FEZbet promo best for?

The FEZbet welcome bonus will suit players of all experience levels. Soccer gamblers will really appreciate the Bore Draw promotion, which refunds your stake if you bet on a match that ends 0-0.

How does the FEZbet promo work?

• After signing up with FEZbet Sportsbook, deposit $30 or more using any payment method except Skrill or Neteller.
• For however much you put down, FEZbet will match that amount, up to $150, in bonus funds.
• Over the next 30 days, bet through your first deposit at odds of -200 (1.50) or longer.
• Within 30 days, you must also meet a 6x playthrough requirement for your total bonus and deposit amount via single sports bets with odds of at least +100 (2.00), or parlays with odds of at least -200 (1.50) per leg.
• The maximum amount each wager will count toward the wagering requirement is $75.
• Requesting a withdrawal before completing the rollover requirement will void the FEZbet bonus offer.

Oddspedia expert rating: ⭐ 4.3/5

What users are saying about FEZbet

"Fezbet casino is a great casino. I have status VIP there and Time to Time I have no deposit bonus from this casino, it's really nice. They have a lot of games and providers. Support is amazing, very nice. I don't say a bad word about this casino :)." - Izusia, Trust Pilot reviewer

"Fezbet has been a good experience for me. Totally cashed out over 2000 euro. It was a problem with transfers to my bank, but I had to contact my bank to open up withdrawals from Fezbet. Fezbet have been legit to me. Some bookie-stuff to work on, but they have paid me." - Anonymous Trust Pilot reviewer

FEZbet Sportsbook overview

Why trust Oddspedia?

FEZbet is another smaller operator, but it's been on our radar ever since its launch. Over the years, our team has placed 100+ bets with the sportsbook, cashed out winnings, and dealt with several customer support agents. It's worthy of your consideration if you're looking for a new sportsbook to play with.

FEZbet promo pros and cons

🌟 Oddspedia's FEZbet review delves deeper into this emerging sports betting site.

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.

Sign-up bonuses

Sign-up bonuses (or welcome bonuses) are exclusive to new users, requiring bettors to open a new account and, in most cases, make a minimum deposit. The most popular types of sportsbook welcome bonuses are bet-and-get deals, deposit matches, or bet insurance.

Deposit bonuses

Put simply, a deposit bonus is a bonus you receive for making a deposit. For a new user, this might come in the form of a first deposit match or a bet insurance deal. However, returning players can often claim these perks via reload bonuses, which we'll get into a bit later.

Bonus bets

Bonus bets are among the most popular sportsbook bonuses. In a nutshell, these allow you to wager using the sportsbook’s money instead of your own. You can claim bonus bets through a sign-up bonus, but also through regular promotions. Some sportsbooks might even give you bonus bets on your birthday.

Bet insurance

You will often hear bet insurance offers being referred to as risk-free bets or no-sweat bets. With these offers, the bookmaker will require you to place a bet using your own money. If it wins, you can celebrate and enjoy your winnings. However, if you lose, the sportsbook will refund your stake amount, usually in the form of a bonus bet.

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.

Odds boosts

Odds boosts are the most common of all sportsbook bonuses. If you visit our featured online betting sites, you will notice that many offer boosted odds on various selected events. These boosts often increase the odds of a specific wager by 10%, 20%, or more. As such, you can win bigger payouts. For example, a sportsbook may boost the Vancouver Canucks' moneyline odds from +100 to +120 for a big matchup.

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 free bets, 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.

Welcome bonuses aren't the only game in town. All sportsbooks will reward loyal players with other promotions, like odds boosts, early payouts, and bet insurance. Here are some of the best deals available today:

Since we launched in 2013, one of our main objectives has been to connect you with the best and most reliable sports betting sites. This is because we want you to be treated fairly and get maximum enjoyment out of your sports betting experience. This is why our dedicated gambling experts carefully rate and review bookmakers and the bonuses they offer. We only recommend sites that meet our high standards.

Since our experts also happen to be experienced players, they have a solid understanding of what sports bettors want. They know that consistently getting the best odds and access to the most betting markets and features is more important than the occasional odds boost or bonus bet.

A lot of novices judge bonuses by their perceived monetary value. If they see a $50 bonus and a $100 bonus, they automatically assume the $100 sportsbook bonus is better. This is the wrong approach.

Our gambling experts here at Oddspedia certainly consider the maximum value. However, the real value can only be assessed by thoroughly examining the offer’s terms and conditions. Here are some of the important things we consider when analyzing sportsbook promos.

🔑 Does it require a bonus code? While some offers require you to opt-in before claiming them, more and more sportsbooks require users to use bonus codes.

💰 What is the maximum value? Some sports betting bonuses set a limit to the amount of money you can make. Naturally, the more money you can cash out, the better. The best sportsbook bonuses won't cap you at all.

💸 How much money do you need to risk? You will likely need to satisfy wagering requirements before you can withdraw your funds. The higher the wagering requirement, the more money you need to commit to be able to cash out your winnings.

🔚 Expiration: Not only are bonus offers only valid for a certain amount of time, but each offer also gives you a specific time frame in which you need to satisfy all conditions. You want to have as much time as possible to meet all of the offer’s T&Cs.

💳 Payment exclusions: You will notice that some offers may exclude certain payment options. For example, an offer might specify that Skrill and Neteller deposits don’t qualify. The best bonuses for sports betting won't restrict any payment methods.

We strongly suggest that you look for the following key terms when reviewing betting promos:

Playthrough requirement

This is the most important condition, as it determines the amount of money you need to risk. A rollover or wagering requirement simply refers to the number of times you need to wager through the bonus amount before you can withdraw any winnings you make. If you receive a $100 bonus that has a 10x rollover requirement, then you have to place $1,000 (10x$100) worth of bets to withdraw the bonus.

Minimum odds

Whether placing a qualifying bet or working toward achieving the wagering requirement, you’ll likely be faced with a minimum odds requirement. If you need to make a wager to qualify for a bonus, then the bet you place usually must have certain odds.

Minimum deposits

When you claim a deposit bonus, you have to deposit a certain amount of money to qualify for the offer. You will not qualify for the bonus if you don’t deposit enough.

Offer expiry

Betting offers usually have an expiration date. With a welcome bonus, you’ll often have a week or a month after registration to claim it. After that, the offer will no longer be available to you. Of course, you will also have a certain amount of time to complete the bonus conditions after you’ve claimed the offer. If you fail to meet the deadline, then the deal becomes void.

Are you ready to boost your sports betting bankroll with a generous betting bonus? Read our simple step-by-step guide to learn how.

1. Choose your sportsbook bonus

It all starts with finding the best sportsbook bonus for you. Browse our top-rated sportsbook promos and pick your favourite one. Clicking the links on this page will take you directly to your chosen betting site.

2. Check terms and conditions

Before claiming a bonus, take a few moments to go through the terms and conditions. Ideally, the offer should have a low wagering requirement, low minimum odds, and a generous expiry date.

3. Register

The next thing you need to do is create your account. You'll need to provide some personal information and create a username and password. Some sportsbooks will prompt you to claim the sign-up bonus when you register, while others will allow you to claim it when you make your initial deposit.

4. Deposit

Log into your betting account and go to the cashier section, where you can select the “Deposit” option. Select your payment method and enter the deposit amount on the deposit slip. The bonus will be waiting for you once you have completed the deposit.

5. Bet

Start placing bets and working toward satisfying the rollover requirement. Remember to adhere to any minimum odds conditions and any other restrictions listed in the T&Cs. As soon as you have completed all of the terms and conditions, the sportsbook will transfer the bonus to your regular account balance, where you can cash it out.

Sportsbooks offer bonuses and promotions to attract new customers and keep existing users happy. It’s the same as Costco handing out free cheese samples. They hope you like the cheese and end up buying some. Sportsbook bonuses are the most effective way of generating new traffic.

In the same vein, regular promotions like enhanced odds, profit boosts, and reload bonuses are a great way to keep returning customers happy. If a bettor knows that their sportsbook always has new offers, they are more likely to visit the site, participate in those promotions, and keep on betting.

While many people think betting bonuses are all sunshine and lollipops, they can have drawbacks, too. Let’s check out some key pros and cons of sports betting offers.

Pros:

✅ You can make money by claiming bonuses.

✅ Almost every bookmaker has a welcome bonus and regular promotions.

✅ Using bonuses is a great way for novices to learn the ropes while reducing risk.

✅ Bonuses give users more betting value.

Cons:

❌ Some sports betting promos have unfair terms and conditions, such as high wagering requirements. Such offers can result in you losing money instead of making money.

❌ Some bonuses will leave you ineligible to make withdrawals while you are actively engaged in them.

❌ Some sports betting bonuses don’t give you enough time to satisfy the T&Cs, which can lead to irresponsible gambling.

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.