Best Betting Bonuses and Promotions in Ontario

Discover everything about the Betting Bonuses. We take a closer look at the best sports betting bonuses for Canadian players. Learn how the bonuses work, which variants there are, and how to find the best ones.

Best Betting Bonuses in Ontario

A Betting Bonus is a promotional offer offered by providers to attract new users or retain existing customers. These bonuses range from welcome offers for new registrations to loyalty rewards for active players. The most commonly offered betting bonuses by Canadian bookmakers include Free Bet For Signing Up, deposit bonuses, or improved odds.

Why Betting Bonuses Matter?

Betting bonuses ensure that players with more playing money can get to know the bookmaker or increase the fun of playing. You can also use it to give your bankroll a nice boost. The range of bonuses for new customers is quite large, as many bookmakers want to attract as many new players as possible.

How Do Online Sports Betting Bonuses Function?

Sports betting bonuses in Ontario function differently depending on the bookmaker’s requirements. One thing is common in each bookmaker. Each bonus comes with terms and conditions, including wagering requirements, minimum odds, and minimum deposit limits. These conditions are crucial to understand before you claim any sports betting bonuses. This way, you can ensure they match your betting style and goals. For instance, many bonuses require you to bet the bonus amount several times over at specified minimum odds before you can withdraw any winnings.

Types Of Sports Betting Bonuses

Bonuses are given away by bookmakers to existing and new customers. These can be welcome bonuses but also bonuses for loyal customers. You can think of no-deposit bonuses, Free Bets, and other promotions. Some popular sports betting bonuses from bookmakers are as follows:

• Welcome Bonuses – With a welcome bonus, the bookmaker offers a promo in the form of a certain percentage of the first deposit. It can be 50%, with a maximum of C$ 40, or even 100%, and up to C$ 300 (it all depends on the bookmaker).
• As you can see, you should first deposit money to receive the deposit match welcome bonus. In addition, the bonus is often subject to some conditions. One of these requirements is usually wagering a bonus amount an x ​​number of times, often on events with a minimum odds of 2.00.
• Free Bets – A free bet is the same as a free Sports Betting Bonus. It is a kind of welcome bonus that allows you to play a free bet or free spins without having to deposit any money. Online gambling sites offer free bets to attract new customers, and all you have to do is register to claim these bonuses.
• No Deposit Bonuses – Unlike most other bonuses, no deposit bonuses do not require you to make an initial deposit. These are also called sign-up bonuses. They are usually smaller than other bonuses but provide a risk-free way to start betting without any financial commitment.
• Reload Bonuses – These are offered to existing customers to encourage them to continue depositing and betting. A reload bonus usually matches a percentage of your deposit up to a certain limit.
• Cashback Bonuses – Cashback is another popular sports betting bonus. The essence of this bonus offer is that you can bet on a certain amount (value specified by the bookmaker) and if you lose it, the bookmaker will give your money back.
• In the case of this bonus, the gambler does not have to meet the conditions for his bet, but there is a slightly different nuance. For example, some bookmakers give back money in win-win bets as free bets, subject to certain conditions.
• Deposit Bonuses – Deposit bonuses are the same as cash sign-up bonuses mentioned earlier. This form of welcome bonus is usually used for new players who make their very first deposit with an online bookmaker. For example, a bookmaker may offer a 100% bonus on your first deposit. So, if you deposit C$100, you will receive another C$ 100 in bonus money to bet.
• Other Betting Bonuses – Other popular sports betting bonuses frequently offered by sportsbooks include odds boosts and loyalty programs. Odds boosts offer better odds than the current ones on specific events or markets. With loyalty programs, you earn points for every bet and later convert these points to bonuses.

How To Claim and Use Online Betting Bonuses?

Everyone can take advantage and obtain sports betting bonuses. Claiming and using these bonuses at top bookmakers in Ontario involves several steps:

• Registration: Sign up at the sportsbook. You will be required to provide some personal details.
• Using a Promo Code: If the bonus requires a promo code, make sure to enter it during the signup process or when making a deposit. Missing means missing out on the bonus.
• Making a Deposit: Some bonuses like deposit matches, require you to make a minimum deposit. The terms of the bookmaker will specify the minimum amount​.
• Understanding the Terms: It’s crucial to read and understand the terms and conditions associated with the bonus. This includes wagering requirements, eligible markets, and expiry dates.
• Wagering Requirements: Many bonuses come with a wagering requirement, which is the number of times you must wager the bonus amount before you can withdraw it. Failing to meet these can result in forfeiting the bonus​.
• Claiming the Bonus: Follow the sportsbook’s instructions to claim the bonus, which might be automatic upon meeting the criteria or might require you to accept the bonus manually from your account page.

How to Choose the Right Betting Bonus?

You can give your betting adventure a kickstart by making smart use of available bonuses and promotions at online bookmakers. By using a bookmaker bonus, you ensure that you can (temporarily) play under improved playing conditions! Especially if you do not have a bookmaker account yet, it is interesting to take advantage of a welcome bonus.

Factors to Consider

Sports betting offers are characterized by several parameters: the maximum amount offered, conditions to be met to claim the bonus, rules for using the bonus, etc. Here are the most important factors to consider, when it comes to choosing the right betting bonus for you.

• Type of Bonus – Identify whether the bonus is a Free Bet, deposit match, cashback, or another type. Each type has different benefits and suits different betting styles.
• Wagering Requirement – Look for bonuses with reasonable wagering requirements that you are confident you can meet based on your typical betting frequency and budget.
• Expiry Date – Check how long the bonus is valid. Some bonuses may expire within a week, while others might last for a month or more. Ensure you have enough time to meet the requirements.​
• Minimum Deposit – The minimum deposit is the amount you need to deposit to qualify for a bonus. This amount varies across different platforms and bonuses. For example, many sportsbooks and casinos set a standard minimum deposit between C$5 and C$30, but this can be higher for specific welcome bonuses. Ensure that the minimum deposit requirement aligns with your budget and betting strategy.​
• Payment Method Exclusions – Some bonuses may not be available if you deposit using certain payment methods. Commonly excluded methods include e-wallets like Skrill and Neteller. It’s essential to check which payment methods are eligible for the bonus you’re interested in to ensure you can claim and use it effectively.
• Eligible Games or Events – Many bonuses, especially in casinos, are tied to specific games or types of bets. For instance, free spins bonuses might be usable only on certain slot games, and sports betting bonuses may apply only to bets with specific odds or on certain sports. It’s important to verify that the games or events you are interested in are covered by the bonus to make the most out of your betting experience.

Why the Odds Matter When Selecting a Betting Bonus?

When selecting a betting bonus, it’s important to verify the odds restrictions associated with the bonus. Betting bonuses almost always come with odds requirements. This means you must place bets at specified odds or higher to either qualify for the bonus or meet wagering requirements. Betting on higher odds might offer higher returns but also comes with a higher risk of losing the bet. Betting bonuses that restrict you to high odds can limit your ability to bet on more probable outcomes, thereby affecting your strategy and the bonus’s practical value.

FAQs