Best Sports Betting Bonuses in Canada

We know your time is valuable, so we have compile each bonus into a chart for you to compare and contrast. We still recommend reading all terms and conditions before signing up, but this is a great place to start searching for a bonus that suits you!

MansionBet Canada has hired expert Canadian bettors to give honest evaluations of sportsbooks in the country. There are numerous factors that go into our evaluation system - but to provide you with some context, here are the most important factors we consider. 

Welcome Offers, Boosts, and Promos 

A great way for new bettors to build up a bankroll is taking advantage of welcome offers from multiple websites. Sportsbooks change their offers frequently, so only activating the top bonuses is the most optimal strategy. Once you have committed to a Sportsbook, you can take advantage of additional promotions they have available such as the refer a friend bonus. It is also important to keep an eye out for boosted markets to receive greater payouts on your wagers.  

User Experience 

We believe sports betting should be looked at as a pastime rather than a reliable source of monthly income. If a sportsbook is causing you stress and it is becoming similar to a full-time job, you need to consider switching websites. Logging in and navigating through the app/website should be a seamless process. You should have no difficulty depositing or withdrawing money, and customer service representatives should respond to you in a timely manner.  

Sports Betting Markets Available 

The more opportunities a sportsbook gives you, the better the chance you have at being profitable in the long run. Top tier sportsbooks offer hundreds of betting opportunities for a single game including live betting and same game parlays. Basic sportsbooks will only cover the most popular sports, but the best ones offer niche markets with unlimited customization.

Welcome bonuses are a huge factor for choosing a sportsbook, but your bonus credits won’t last forever. We have highlighted the terms and conditions of each welcome bonus for you, but we also give a detailed review of the entire sportsbook. 

Bonuses can get confusing, so it is important to fully understand what is available to you on the sports betting market. This section is a great starting point to gain a general knowledge on each specific type of bonus. Some bonus types tend to be much more profitable than others, so before terms and conditions even come into play, you need to understand which bonus type will benefit you the most.

Welcome Bonus  

A welcome bonus is only available to customers once per sportsbook. It is offered to new users right when they sign up. An example of this is the 100% first time deposit match up to $1000 at Sport Interaction.

Referral Bonus 

To increase the number of users on their website, sportsbooks will offer you bonus if you provide your friend with a referral code, and he signs up and makes a deposit using that specific link. Bodog is offering you 200% of your friend’s first deposit up to $100 in bet credits.

Deposit Match Bonus

This is often offered as a welcome bonus, but occasionally becomes available to existing customers. Sportsbooks will match your initial real money deposit with bet credits only available for use on their website. You are often required to wager a specific amount to unlock the bet credits.

Risk-Free Bet Bonus

This provides you with a form of insurance if your wager results in a loss. The amount you wagered is given back to you as a free bet, essentially providing you with a second chance to win. Betway offers this as a $200 bet token refund.

Bet Credits Bonus

Unlike the deposit match, this type of bonus does not require you to commit a large amount of money to receive the full value. At bet365, you can receive up to $250 in bet credits when you make a deposit of $10 and place a $1 wager.

Boosts

This is a daily offer that often becomes available with very little warning. The odds for one specific wager are adjusted to give you a much larger payout. For example, let’s say the betting line on the Toronto Blue Jays money line may be set at +100, but you can get it at +200 with the boost applied.

Here are MansionBet Canada’s top three ranked sportsbook bonus based on both overall value and limitations placed in the terms and conditions.

Sports Interaction - 100% first time deposit match up to $1000

Not only is the $1000 deposit match one of the highest numbers you will see in the industry, the terms and conditions are also incredibly user friendly. You must play through your initial deposit at odds no lower than -200 within 45 days, but once that is complete you receive your bonus and are able to withdrawal from the winnings associated with those bet credits. Most sportsbooks require a playthrough greater than 5x making this offer worth taking advantage of.

Bodog - 100% first time deposit match up to $400

The overall value here is solid however, the terms and conditions are incredibly reasonable. The sportsbook requires a 5x playthrough on your initial deposit but unlike most bonuses, there is no restrictions placed on the odds you need to wager at when completing the requirements.

Bet99 - 100% first deposit match up to $500

The downside to this offer is the 5x playthrough requirement with a limitation of -125 odds to withdrawal, but $500 is large deposit match. After you make a minimum deposit of $20, you have 30 days to place your initial bet before this offer expires. Once your initial bet is placed, you are given 30 days to reach the playthrough requirements before the credited funds are removed.

To start things off, we want to make sure you are aware that under no circumstances are you obligated to opt in and receive any bonuses from a sportsbook. If you just wish to wager on the app with real money and avoid using bet credits altogether, you can do so as you wish.

Promotions such as welcome offers often come with many stipulations, but there are great ones out there that we recommend you take full advantage of. Timing is key when it comes to bonuses, and it is important to pass up lower end offers in hopes of the sportsbook creating a better offer in the future. Once you sign up for a sportsbook and redeem their welcome offer, you cannot redeem any future welcome offers they provide, so make sure to choose wisely.

Even the top end bonuses might seem straight forward at first, but almost all offers have some restrictions. Make sure to read through the terms and conditions before signing up for anything. When choosing between bonuses, the less stipulations you have the better.

The goal is to obtain your bonus and withdrawal that money into cash as quickly and efficiently as possible. 

The most common source of confusion evolves around play through requirements and minimum odds limitations. Some sportsbooks won’t even grant you the bonus until you wager the entire sum of your initial deposit. Other sportsbooks will grant you the bonus immediately, but you must wager the amount of the bonus a specific number of times (often 5x) before you can withdrawal your winnings.  

The final thing you need to be aware of is your bet credits won’t last forever. Expiry dates vary based on the sportsbook, so it is important to read the terms and conditions and be aware of when you need to complete the wagering requirements by.

How to Claim Bonuses and Promotions?

Claiming a bonus may seem confusing at first, but we have you covered. Here is a general step by step process that you will need to follow.  

• Find the promotion you wish to unlock on the sportsbook and click the sign-up link attached to it.

• Follow the instructions on the screen to create an account. If the sportsbook requires a promo code make sure to enter it.

• Most promotions have a minimum deposit that you need to make. Click Deposit and follow the instructions for your preferred payment method (we recommend interact).

• Some promotions require you to play through your deposit once before you receive your bonus while others credit your account immediately following the initial deposit. 
• Once your bonus has been received, some sportsbooks require you to play through it a certain number of times before you can withdrawal while other allow you to withdrawal any of the real money you win from wagering bonus credits instantly.
• When placing a wager, most sportsbooks will give you the choice between using bet credits or using real money you deposited. 

Most betting sites will look to capitalize on the opportunity to draw in new customers when a major sporting event is taking place. This includes events like the World Cup, March Madness, the Super Bowl, the World Series, the Stanley Cup, the NBA finals, and major Golf and Tennis tournaments.

Each company takes a different approach, but right before these big events take place is when you should keep an eye out for promotions throughout the industry. Most sportsbooks will provide a boosted offer based on the event, but some of the best promotions are free wagers on the event that often range from $5-10. These offers are essentially no brainers as they provide you with a chance to make a small profit without risking any of your own money.

This is also a great time to expand your betting profile and look for new sportsbooks to sign up for. Companies will often make their welcome bonuses more lucrative during these seasonal periods for a limited time, so be aware of this and capitalize on the opportunity.

Accepted payment methods can drastically vary between sportsbooks. If you are unsure what the best option for you might be, checkout some of the most popular payment methods that we recommend below.  

eCheck - Electronic cheques are a great option if you do not feel comfortable storing your banking information with a sportsbook. The downside is deposits can take multiple days and you cannot request a withdrawal while a deposit is processing.  

PayPal - One of the most popular methods for transferring money, Paypal ia an e-wallet that requires you to connect to a chequing account or credit card before signing up.  

Apple Pay - Provided on IOS devise, Apple Pay is a mobile wallet that stores banking information for each of your payment cards. It unfortunately is not widely accepted for Canadian sportsbooks.  

Mastercard - One of the most popular methods for credit/debit cards, Mastercard is accepted on most sites but is limited by slow processing times.  

Visa - Both Visa credit and debit cards are popular payment methods, but they are restricted by some banks for betting specifically. Visa offers quick processing times unlike Mastercard.  

Bank Transfer - An alternative to digital wallets, bank transfers offer higher withdrawal and deposit amounts. This method provides quick deposit times but is much slower for withdrawals.  

Interac - One of the top payment methods for sports betting in Canada, Interac creates seamless transactions to and from your bank account without providing any financial information. Deposits are instantaneous, but withdrawal times often vary.  

Bonus codes typically range from 5-10 characters and are required by specific sportsbooks to claim their promotion offers.  
In most cases, bonus codes are something you do not need to be concerned about. Most sportsbooks will not ask you to provide a code, and promotions will be applied automatically. Sportsbooks that offer multiple different promotion offers will request a code to decipher which bonus you wish to claim.  

Overall, sports betting bonuses can certainly be worth it, but at the same time, there are numerous offers available that we do not recommend investing in. It is important to decipher between sportsbook offers that are no brainers, completely fair, and just flat-out scams. There is no limit to how many different sportsbooks you sign up for, so activating all the best offers available is a great strategy for building a bankroll. Reading this entire page will provide you with all the information you need to maximize your return and take full advantage of promotions in the sports betting landscape.