The best sports betting offers should excite us, make us enthusiastic about betting, and ultimately provide major rewards. This is what betting sites with welcome bonus offers can provide. The best betting sites welcome bonus can provide massive payouts and help users start their gambling experience from ahead. At MyBetting Canada, our job is to review and explain sports betting sites and their various features and quirks, including welcome bonuses. In this guide, we’re going to explore some of the best sign-up bonus betting sites available to Canadians, breaking down what makes these offers good, how to use them, and other important info. Ready? Let’s go!
Best Betting Sites Welcome Bonus
How to Choose the Best Betting Sites Welcome Bonus
If you are looking to start with a new operator, welcome bonuses are definitely something that should be taken into consideration. Welcome Bonuses are the sports betting bonuses that users receive for joining with a new operator, but they aren’t all created equal. There are several things you need to consider when choosing from the best sign-up bonus betting sites.
One of the first and most obvious considerations is the value of the bonus. How much will you get from it? Another is the type of bonus it is. Is it matched in free bet offers? Matched in flex funds? There are numerous different types of welcome bonuses.
What I would consider the most important of the factors surrounding promotions are the terms and conditions. These are the rules governing how it can be used when it expires and more. It is an extremely important consideration.
Other considerations should include the betting site it is on. Is it on one of the legal betting sites in Canada? If not, it should be avoided. Can it be used on any market the bettor pleases, or is it narrowly limited?
These are all important factors that completely alter how a bonus is used, what a bettor gets out of it, and more. The best betting sites welcome bonus will offer value in all these key areas.
Best Betting Sites Welcome Bonus Offers
Here are some of the top operators around that offer incredible welcome bonus offers.
Welcome Bonus: 100% Matched Deposit Up to $400 and 50 Free Spins
Bodog is one of the longest-standing operators around, and they are known for remaining on the cutting edge. This operator, founded by Canadian Calvin Ayres, has one of the biggest sports welcome bonuses around. It has some restrictive terms and conditions, but the big payout, combined with casino offers as well, makes it a fun and exciting welcome bonus offer. Bettors will have to reach the high rollover requirement on this bonus, but most will be willing to take on the challenge for such a large offer.
Welcome Bonus: 100% Matched Deposit Up to $500
Shangri La is an operator with a lot to offer. It has quickly risen from an unknown sports betting website and casino to one of the more popular options around. Their sports welcome bonus is significant, with up to $500 in potential value. However, the rollover requirements and wagering requirements are intense, as they’ll require some serious capital and heavy gambling from bettors. Still, the opportunity to earn a massive payout on one of the biggest sportsbooks available is tempting for bettors, and it is a massive and significant offer.
Welcome Bonus: 100% Matched Deposit of Up to $500 in Free Bets
Sports Interaction is a betting website made by Canadians and for Canadians. It is one of the most popular and longstanding sportsbooks in Canada for a good reason, as its smooth design and fun features set them apart. Their new welcome bonus is added to the list, as it is one of the best betting sites welcome bonus offers around. The Sports Interaction bonus is a free bet offer that pays up to $500, and the terms and conditions surrounding it aren’t as stringent as other operators. It is a high-quality bonus on a high-quality website, which makes it one of the top offers around.
Welcome Bonus: 100% Matched Deposit Up to $250
888Sport has grown significantly in its roughly 15 years of existence and is now a global powerhouse. Its great promotions and reputation for having one of the best betting apps help its case. It also has a top-notch welcome offer. While it may not provide the same high level of value as some of the other promotions here, it is still an above-average level of value. The bonus is easy to access and find on the 888Sport Promotions page. However, bettors may find the rollover requirements untenable. Still, if you are a consistent bettor who is willing to spend, this bonus will still be a hit for you.
Types of Welcome Bonus Offers
Not all betting sites with welcome bonus offers are the same. There are numerous different kinds of welcome bonuses, and it is important to be aware of the different types available.
Certain welcome bonuses will naturally be better than others, and certain types will appeal to different gamblers. Let’s take a look at some of the different types of welcome bonus offers bettors can expect to see on sportsbooks.
Matched Deposit of 100%
A Matched Deposit of 100% means the sportsbook will match whatever your first deposit is in an equal amount of bonus funds. They’ll typically offer this matched deposit up to a certain number. You can still deposit more than that number but will only receive the maximum amount of bonus funds that they listed.
Multiple Matched Deposits of Varying Percentages
Some sportsbooks will offer multiple matched deposits, typically on a declining scale of what percentage they will match. So it could be something like a 100% matched first deposit up to $200, 50% matched second deposit up to $300, and so on. These are great welcome offers because they are more extensive.
Matched Deposit with Free Spins
Some sportsbooks will offer a matched deposit with additional free spins included. What this means is that they will match your first deposit and include free spins of a certain slot machine, which can allow bettors to earn additional money on top of their bonus.
Matched with Free Bets
The difference between free bets and bonus funds is that free bets can’t be withdrawn. They are essentially risk-free betting money that can only be used to bet. Some betting sites will offer their bonus in free bets, with the profit from these bets being withdrawable, but not the bets themselves.
A Flexi bonus is a bonus where cash funds are withdrawable. It utilizes a principle called bonus to cash ratio, which is the percentage split between your total cash balance and total bonus balance. You are allowed to pull your money accordingly.
How to Claim a Welcome Bonus
Welcome offers are some of the best parts of using sportsbooks. They provide a great way for bettors to get their hands on a lot of money. If you’re wondering how to get your hands on offers from the best sign-up bonus betting sites, we’re here to help.
Claiming some of the best bettings sites welcome bonus offers is simple and intuitive for the most part. Whether you are using one of the many new betting sites, like Fezbet, or an older one, like Betway, it shouldn’t take too much time. It is different on every website and dependent on its own rules, but we’ll provide a general guide below.
To start, head to the website you are hoping to engage with. Every operator will have a Promotions page where they display their different offers. Click on this page to see the Welcome Offer.
Click on the Welcome Offer to see the different terms and conditions, as well as a breakdown of how to claim it. Every sportsbook will be different in this regard, but they generally follow a few certain rules.
You will need to deposit with a sportsbook before you can access the bonus funds. Some websites will automatically provide you with the bonus funds, but most will require you to opt-in while depositing. You can do this by either checking a box or entering a code, depending on the website.
Once this is done, some websites will need you to play through your deposit amount to access the bonus, but most will simply have it hit your account. From here, you must follow the terms and conditions to be eligible to withdraw your bonus funds and associated winnings.
Welcome Bonus Strategies
The best betting sites welcome bonus offers that will give users the opportunity to receive a significant payout from their favorite operator. However, just because bettors have a chance at earning a good deal of money doesn’t mean it will be easy. There are certain strategies and ways of using your welcome bonus that will help bettors see value.
The most important strategy is to monitor the terms and conditions closely. These are the things that most define the value you get from your bonus, so make sure you read them carefully and follow them to the letter, or you may be disappointed with the results.
Beyond that, there are several other strategies bettors should be aware of. The first is to not be afraid to try different websites specifically for their bonuses. There are no limits to the number of welcome offers you can receive from operators, though you are limited to one per operator. Using multiple websites just to get the bonus could help you find additional value.
The next is to take some swings with your bonus funds. With your bonus funds, especially if they are Free Bet bonuses, you can afford to take more risks. Don’t be afraid to bet the underdog and play around with more different markets and types of bets than you would normally.
However, don’t get carried away. You still have to hit your rollover, and this is likely going to take some effort if you aren’t a big bettor. If you don’t think you could hit the rollover, don’t bother engaging with the welcome bonus.
The key to a good welcome bonus betting strategy is simply being sure of the rules of use and utilizing the bonus funds in the way you think is best for you.
Welcome Bonus Terms and Conditions
As we’ve mentioned before, the terms and conditions are the most important aspect of welcome bonus betting. All betting sites with welcome bonus offers will have terms and conditions that govern how they can be used. It is important that you understand what these terms are and how they impact the value, or you may not end up benefitting from the promotion.
The terms and conditions of the bonus can be found on the Promotions page, where all bonuses are. Betting sites are legally obligated to show the terms and conditions for transparency purposes. There is a lot for bettors to know here, but below, we’ll provide a breakdown of some of the most significant terms and conditions to be aware of when using a welcome bonus.
- Expiry Date: The expiry date is the date the welcome bonus ends. They don’t go on indefinitely, and if you don’t hit the rollover requirement before the expiry date, the bonus is forfeited.
- Minimum Deposit: Not every deposit is bonus eligible. From Tonybet to GG.Bet, every operator will have a minimum deposit that can be matched. Typically, that deposit is between $15 and $25.
- Rollover Requirement: This is a term that everyone needs to know. The rollover requirement is the amount you need to spend before you can withdraw the bonus funds. Typically, it is a multiple of the bonus. Some websites require that you bet 10x the amount of the bonus before it can be withdrawn, some 5x, some 40x. It all depends on the operator. This is extremely important to know the value of a bonus.
- Wagering Requirement: Wagering requirements are the rules that govern how you can bet the bonus. Most operators restrict how users can bet their bonus funds with minimum or maximum odds. This means bettors can’t place bets on odds over or under a certain amount, as detailed in the terms. Everyone from Funbet to Fezbet uses these terms.
- Eligible Markets: Eligible markets are similar to wagering requirements in that they’re rules that govern how you can bet your money. Some sportsbooks will have certain markets off-limits, like no live betting sites or no parlay bets.
- Eligible Payment Methods: Many sportsbooks will have rules around the payment methods they will match deposits with. Most of the time, the payment methods that are ineligible for matched deposits are e-wallets like Neteller or Skrill.
The sign-up bonus is a major part of sports betting and something all bettors should check out before they sign up. They can provide bettors with great value and give their accounts a big boost, and some websites have jaw-dropping offers bettors should take advantage of.
The downside with welcome offers is that they often hide rules in the terms and conditions, with wagering and rollover requirements that seriously limit the benefit bettors receive. The key is to always be aware and read those terms, so you don’t get taken advantage of.
My favorite of the bonuses is one that doesn’t hide too much in the terms and conditions. An example is the Sports Interaction bonus, which only requires you to play through your initial deposit funds.
Bettors new and old should tinker with different operator’s bonuses to find the ones they enjoy the most. There is so much out there, and you won’t know for sure which of the best betting sites welcome bonus offers are the ideal fit for you until you try!
Frequently Asked Questions about Welcome Bonus Betting Sites
Who is Eligible for a Welcome Bonus?
If you’ve never deposited with a sportsbook before or claimed a welcome bonus with them, you are eligible. You also must be in a location where the sportsbook operates, use a payment type that they accept, and be of legal betting age.
Can I Receive Multiple Welcome Bonuses?
You can’t receive Welcome Bonuses more than once from the same sportsbook. They store your address/IP address and information and will not provide multiple welcome packages. However, you can use one bonus from however many sites you’d like.
Which Type of Welcome Bonus is the Best?
In my opinion, the best kind of welcome bonus is one with a low rollover rate and a high value. The bonuses that tend to have the highest values are multiple matched deposit bonuses like the one on Funbet.
Are Some Welcome Bonuses Not Worth It?
Absolutely. If a bonus has a massive rollover rate, like some do, unless you are an extremely active bettor, it is very hard to benefit. I’ve seen websites with 40x rollover requirements, meaning if the bonus fund is $500, you’d need to bet $20,000 to see that money. That isn’t benefitting anyone.
Which Website Has the Best Welcome Bonus Offer?
This is subjective. From Betway and Shangri La to GG.Bet and Fezbet; there are too many of the best sign-up bonus betting sites out there to name. My personal favorite might be the Sports Interaction Free Bet bonus due to the lack of a significant rollover requirement and the not strict terms and conditions.
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