When it comes to bonuses and promotions, the main bonus offers are either a free bet or a deposit match bonus.
Free bets can be considered the creme de la creme of welcome offers, as they do not come with strict rollover requirements and the terms are friendlier. However, the bonus amounts are always small with a max of C$50 or sometimes C$100.
Deposit match bonuses, on the other hand, could fatten your bankroll. A C$500 max bonus is possible on a matched deposit bonus which means more funds to play with. Unfortunately, wagering requirements could be as high as 40x.
As a new player, you should always check the terms and conditions of any offer before going for it. In some cases, a deposit match bonus could offer better potential and will come across as the better option.
For regular players, the bonuses are quite numerous. From cashback, reloads, to enhanced odds, selecting the right bonus offer will be a matter of preference. Whichever you go for, these existing customer promotions have simple terms and conditions and are mostly profitable.
What are Sportsbook Rollover Requirements?
Considered as one of the biggest mood dampeners, sportsbook rollover requirements are a nightmare to any player hunting for juicy bonuses. However, that's not always the case as some bookies are overly generous with their offers. Right here, we are going to explain what these rollover requirements are and how they work.
Rollover Requirements (also called playthrough or wagering requirements) is simply how bookies make gains from their bonus offers. These sportsbooks are not charity organisations offering free money without expecting anything in return. While the bonus has the word "free" in it, it is far from that.
Rollover requirements refer to the number of times you will have to wager a certain amount of money (usually a multiplier of the bonus amount) before you can withdraw your winnings. For example, you could be offered a 100% bonus up to C$150. A C$20 deposit will see you get an extra C$20 in bonus funds. A 5x rollover requirement on the bonus funds means you will have to make bets of up to C$100 in order to claim winnings or request a payout.
So you might be wondering, should I avoid online sportsbooks promotions due to rollover requirements? Well, the answer is no. Online sportsbook promotions provide extra funds that will come in handy if you're a newcomer. The easiest way to profit from these bonuses is to avoid bookies with high wagering requirements. Some bookies offer generous wagering requirements which should be easy to handle. If you're lucky, you could be counting profits rather than burning up your player balance.
Additional Terms and Conditions to Watch Out For
While wagering or rollover requirements are the most important factor of a bonus offer, you might want to watch out for other rules. Promotions are usually time-sensitive and come with expiration dates that could see you forfeit the entire bonus money. The minimum deposit amount plus the minimum odds required to trigger the bonus are also very important rules to check out.
Finally, you will have to check the types of bets and game restrictions. Some bookies might not consider free bets, or accumulator bets while others won't allow you to make live bets using the bonus money.
How to Claim an Offer or Promotion?
Maximising bonus offers means choosing the right sportsbook with an attractive offer. The first step to claiming a bonus offer or promotion is by browsing through sportsbook sites. When comparing offers, you shouldn't look towards the bonus amount alone - make sure to check out the bonus terms and conditions. When you've found a sportsbook that satisfies your gaming needs, you can register an account.
Most sportsbooks require that you register and make a deposit to claim the bonus offer. In addition, you must place a wager which must meet the minimum odds to claim the welcome bonus offer.
Once you've met the requirements, your account will be automatically funded with the extra funds and you can play your favourite games.