Best Sportsbook Bonuses & Promotions in Canada 2024

There are a lot of options for Canada sports betting bonus lovers. From new betting sites to old, established operators, there’s a lot to choose from. Here’s a quick look at four operators we believe have the top promotional offerings. Our criteria for determining this is their depth of offerings and the value of the promotions they provide.

• 888Sport: 888Sport has a huge collection of different promos that give the bettor a great variety to choose from.
• Fezbet: Fezbet is a newer option, so some won’t be aware of it. However, they are one of the standout options for bonuses, with a massive bonus page with some jaw-dropping value.
• Betway: Betway may not match other pages with the number of promotions they offer, but the value they have is high. They have a lot of consistent offers that provide bettors with a real pathway to hitting it big.

You’ve likely heard about bonuses and promotions before, whether you are a sports betting fan or not. They are a significant aspect of the betting experience and something that often is brought up when talking about betting websites. But what exactly are these offers?

Let’s break it down as simply as possible. Betting bonuses encompass a huge number of things. A sportsbook bonus is an offer that a website has that incentivizes users to engage with a market or bet in a certain way. It does this by providing some type of value, such as boosted winnings, matched deposits, or free bets. Essentially, online betting bonus offers are perks bettors get for engaging with certain aspects of a betting site.

Not all betting promos are created equal. They have different value, both in the money bettors can win and in what they provide. The best way to see the true value of a bonus is by reading the terms and conditions. These reveal in-depth what the sportsbook bonus offers.

At MyBetting Canada, our job is to unbiasedly look at different operators to see who offers the best options to bettors. We only look at legal betting sites in Canada for our Canadian users, so you can rest assured the sites we mention are legit. We review bonuses and promos based on how bettor-friendly they are to be as informative as possible to our users.

Promotions are a mixed bag. You can’t expect any one thing with promotions, as there are several different kinds to choose from. Each different kind of promotion will have a different offering for users, so choose carefully.

Let’s take a quick look at some of the different kinds of bonuses you can expect to find. We will provide a deeper analysis of some of these bonus types later on, so stay tuned. 

Welcome Bonuses

Welcome Bonuses are the most common type. They are offered by sportsbooks from Bodog and Fezbet to Sports Interaction and GGBet. Just about every major operator will provide welcome bonuses for their users. They are rewards for signing up and depositing with an operator, typically in the form of matched deposits. 

Free Bets

Free Bets are another common promotion, although not as common as welcome bonuses. Operators like 888Sport have Free Bet offers, and Shangri La and Tonybet have had them in the past. Free Bets are exactly what they sound like: free bets on certain markets, sports, or games. They are often completely risk-free, with bettors getting all winnings.

Boosted Winnings

Boosted Winnings is a market you can find on a lot of different sportsbooks, including Betway and Fezbet. A Boosted Winning bonus is when sportsbooks increase your winnings by a specific percentage for certain types of bets. Often, it is parlay bets, and the amount that winnings are boosted depends on how many legs the parlay has.

Enhanced Odds

Enhanced Odds is when a sportsbook takes odds and increases their payout to be more favourable to bettors. This is common on a lot of operators who do daily versions of this promotion. You can find this on operators like Betway and Bodog.

You Lead, You Win

This is a rare bonus that isn’t on many operators. How it works is that if you bet a team on the Moneyline, and they lead by a certain margin, the bet will payout regardless of if they blow the game later. Some operators have two-goal leads in a hockey bet paying out as wins. Betway notably has this feature.

If a Certain Prop Hits, You Win

This is a rare promotion as well, also present on Betway. Betway will payout certain bets as wins or provide money back if a specific prop hits. For example, if the last score of a game is a three-pointer on certain NBA betting sites, you can get your money back as a free bet for certain markets.

Many of the best online sports betting bonuses are welcome bonuses. Welcome Bonuses are the promotions that websites use to incentivize users to sign up with them. They are rewards for creating an account and depositing. 

They vary in what they offer, but most often, a Welcome Bonus is a matched deposit. What this means is that a sportsbook will match your deposit in bonus funds or free bets up to a certain percentage and amount.

Just about every mainstream operator will have a Welcome Bonus. Often, Welcome Bonuses have rollover rates and wagering requirements that change the value they provide bettors, as they make it so gamblers have to bet a certain amount before the bonus funds and associated winnings can be withdrawn.

With so many operators offering Welcome Bonuses, narrowing down the best betting offers can be tricky. But that is what we at My Betting Canada are here for. Here are, in our opinion, the three best betting sites for welcome offers.

Shangri La Welcome Bonus

The Shangri La Welcome Bonus pays out as a 100% Matched Deposit up to $500 with 20 free spins of the Book of the Dead slot game. $500 is a lot to be matched for a single deposit, which is part of the appeal to this bonus. The important requirements to note are that the minimum matched deposit is $25, the rollover requirement is 7x the bonus and deposit amount, and that straight bets are allowed on minimum odds of -140 and parlay bets are allowed where each selection has minimum odds of -200.

Bodog Welcome Bonus

The Bodog Welcome Bonus is an intriguing one. It pays out as a 100% Matched Deposit up to $400 and 50 Free Spins of a slot machine. This is a significant offer for both the deposit and free spins. The important requirements to note are the rollover requirement of 5x the combined deposit and promotion amount, the bonus is forfeited if there are any withdrawals from the account before requirements are met, and the minimum matched deposit is $20.

Best General Sportsbook Bonuses

As we mentioned previously, there are a lot of different kinds of bonuses. From Free Bets to You Lead, You Win bonuses; every operator has their own twist on how they provide rewards to bettors. 

What these bonuses and promotions offer depends on the kind of bonus, and there are literally thousands of different offers available on the internet right now. If you are unfamiliar, it can all be quite confusing.

To help remove some of the confusion, we’ve come up with a list of three great bonuses and promotions you can find on betting sites right now. These bonuses are high-value because they offer bettors something accessible without major restrictions. 

Let’s take a look at three of the best sportsbook bonuses on betting sites.

Sports Interaction’s Refer-a-Friend Bonus

This bonus has a lot of value because it is infinitely reusable. How it works is that if a friend signs up for Sports Interaction using a code you sent them, you’ll receive 20% of their first deposit up to $200 and 30 Free Spins on any of their slot games. It can be used as many times as bettors want.

👉 Learn more about Sports Interaction bonus here

Betway Boosts

This is a great promotion because it is consistent. Every day, Betway will take certain markets and change the payout to be drastically more favourable to bettors. Often, these bets are combo, same game markets. An example of a Betway Boost would be boosting the payout on Jonathan David scoring and Canada winning from +230 to +400.

888Sport $20 NFL Free Bets

This bonus is good for bettors that are serious NFL fans and like to make major football betting bets every week. How it works is that if a bettor spends $220 on NFL bets in one week, they’ll get a $20 free bet to place on an NFL game. This bet is reusable throughout the year, so bettors can earn $340 in free bets over the course of a 17 week NFL season if they are placing enough bets.

Bonuses are complicated. This is likely intentional from bookmakers. They want things to be confusing, so they give their bonuses an appealing title and then bury most of the important information where it is hard to find. At the end of the day, sportsbooks are businesses, and their biggest motive is to make money.

However, once you get past all the jargon and confusion, getting a grasp on sportsbook bonuses is not impossible There is just a lot to learn, and it may take some time.

We created MyBetting Canada to be a resource for those looking to navigate the murky waters of online sports betting. We are on your side, and we want to help provide the tips and information necessary to position you for success. In this section, we’ll provide tips and key info to clear up some of the confusion around bonuses.

Important Details to Note in Terms and Conditions

Like we’ve mentioned, the importance of reading the terms and conditions can’t be overstated. But even if you do, there is a lot of terminology and phrases that may confuse you. Let’s look at some of the different things you should always note in terms and conditions and what they mean.

• Rollover Requirement: Rollover Requirements are the requirements you must fulfill before you can withdraw certain kinds of bonus funds. A typical rollover requirement would be something like 7x the bonus amount. So that means if the bonus is worth $100, you must bet 7x that amount ($700) before you are eligible to withdraw the bonus or winnings from it.
• Wagering Requirement: Wagering Requirements are rules that govern how you can bet with bonus funds. They typically limit the lowest probabilities bettors can bet on. For example, some bonuses would say that the minimum odds that the promo can be bet on to be eligible for rollover requirements are -150. That means bettors must place bets on odds of -150 or greater for that bet to count towards the rollover.
• Maximum Winnings: The maximum winning section isn’t on every bonus, but it is on some. What it means is that there is a cap to the winning you can get from the bonus. If you have a free bet of $20 with a maximum winning of $200, that means the most you can win from that bet is $200.
• Expiry Date: An expiry date is a limit to the bonus. For many bonuses, it will be 7 -30 days. Bonuses don’t last forever, so that means you have to meet the wagering or rollover requirements within that allotted period.
• Applicable Markets: For many bonuses, they can only be used on certain sports or markets. This is an easy-to-understand term. Many Free Bets are only eligible for certain sports or markets, so keep that in mind.

Best Strategies for Bonus Betting 

Like all aspects of betting, there are certain strategies that will help you when you are engaging with sports bonuses and promotions. Finding the right strategy for you will help you maximize the value you get from promos without engaging with the wrong kinds of bonuses. Let’s look at some quick tips to build a solid bonus betting strategy.

• Don’t Go Far Out of Your Way: One of the key things for bonus betting is to not go overboard chasing a promotion. There will be certain bonuses that offer high value if bettors win certain kinds of bets like 50% boosted winnings on 11-leg parlays. The likelihood of an 11-leg parlay hitting is minimal, so don’t chase this bonus by making crazy bets.
• Look for Easy Value: Look for bonuses that align with the markets and kinds of bets you already enjoy. Great examples of this are odds boosts. Find boosted odds on markets you already enjoy, and you’ve found value that is easy to get. If you like basketball online betting, find boosted NBA odds.
• Don’t Be Afraid to Hop Around Operators: This mostly pertains to Welcome Bonuses. You can only use a welcome bonus once per website, but there are no limits to how many websites you can sign up for. If you have a higher budget and are a serious gambler, signing up for several websites with strong welcome packages will allow you to receive a lot of value.
• Compare with the Competition: Just about every sportsbook will offer bonuses. Before you engage with any bonus, browse around. See what else is out there; compare the different options. The more aware you are of what is available to you, the less likely you are to engage with an unworthy promotion.

How to Claim Bonuses and Promotions

Knowing how to claim a bonus is an important part of the process. It is a universally pretty similar process across operators, so once you learn once, you won’t have to do it again.

Typically, the first step in claiming a bonus is to open an account on the sportsbook you want to engage with. They’ll require information from you like your age and address, but if you want access to the best online betting bonuses, this is par for the course.

The next step is depositing. You typically can’t access any of the bonuses until you’ve deposited, so if you want to utilize any Canada sports betting bonus, this has to be done. Many operators will allow you to claim your welcome bonus while you are depositing, either by entering a code or by selecting it as an option.

To find the other bonuses and promotions, visit the Promo/Bonus page on the sportsbook you are using. This area of the website will show you all the different offers available to you. Click on the one you are interested in, and instructions on how to use it and terms and conditions will pop up. Read these thoroughly, and you should be ready to engage with the promo of your choosing.

The calendar of sports is constantly evolving throughout the year, with major events occurring every few months. Sportsbooks often build their promotional cycle around the sports calendar. This means that promotions rotate in and out depending on what is going on in sports.

Most respectable sportsbooks will add promotions and bonuses to coincide with big events. In February, bettors can rest assured that Super Bowl bonuses and promotions will be available on sportsbooks. In March, lovers of NCAA basketball betting can find bonuses centring around March Madness. There won’t be bonuses for every event, but typically, for big ones like the Super Bowl and the World Cup, there are always coinciding promotions on certain operators.

Personally, I think the most important event for promotions is Super Bowl betting. Operators like 888Sport and Betway typically create promotions for the Super Bowl, as do many others. This is because the Super Bowl is the biggest betting day of the year in Canada and America, and operators have to find a way to stand out from their competitors.

To keep track of the different rotating promotions, you can always check out the promo page of the operator you play with to see if they have new options for your favourite big sporting events.

Sports betting bonuses and promotions are a great part of the sportsbook experience. There are a lot of great opportunities for bettors to earn extra money, engage with new markets, and find value. Many of Canada’s biggest operators like 888Sport, and Betway provide top-notch options for Canadians that make betting fun.

It is always important to be careful with bonuses and promos. Read the terms and conditions, so you know exactly what you’re getting, and don’t make crazy bets in the pursuit of bonuses. But if you’re cautious, you should be fine.

Betting bonuses from welcome packages and free bets to boosted odds and enhanced winnings are thrilling and lucrative opportunities for gamblers. Bonuses are one of the best ways to get the most out of an operator, so get started today!