Betting Bonuses
Betting bonuses and promotions are one of the key ways for online bookmakers, including Canadian sportsbooks, to compete with each other. Bonus bet offers are used both to attract new clients and increase interest in betting among existing customers. On this Match.Center page, you can find an up-to-date list of bonuses for Canadian partners. We will take a look at types of sportsbook bonuses, aspects to consider when selecting bonuses and ways to get them.
The List of Betting Offers Canada
Different Types of Online Betting Bonuses
Betting companies, accepting bets online, offer various rewards to their customers. Top sportsbooks realise the value of various bonus promotions and offer a wide range of them, including prizes for participation in contests, extra funds for account depositing, Free bets, enhanced odds etc.
Sometimes bookmakers can provide personal bonuses to their customers via SMS and email notifications. To participate in such promotions, bettors need to confirm their interest in the personal account settings, as well as agree to receive promo mailings.
Further, we will take a look and provide some explanation for the most popular Canadian sports betting bonuses.
Sportsbook Sign Up Bonus
Welcome bonuses are the most widespread type of betting rewards. Normally, bookmakers provide their customers with Free bets or bonus funds in the amount of the first deposit.
A no deposit sign up bonus is the most profitable option. To get such a reward, bettors only need to create a betting account. Unfortunately, no deposit bonuses are pretty rare. Not every company is ready to hand out gifts for registration alone.
Deposit and Reload Bonus
Such promotions are similar to first deposit bonuses, however, reload bonuses are available for existing customers. After making the necessary deposit and fulfilling other bookmaker’s requirements, existing customers can get extra funds into their betting account. While new customers often receive a 100% deposit bonus, for existing bettors, a reload bonus amount often ranges between 20% and 50%.
When receiving a deposit bonus, punters need to carefully check its wagering requirements. Usually, such promotions imply wagering of the bonus amount on bets with specific conditions. The bookmaker may limit the range of events to wager the bonus by the odds size, bet types, sports, dates of matches etc. Clear up bet types and terms to wager the bonus.
Free Bet Bonus Offers
Free bets are a way to accrue various bonuses. The bookmaker gives its customers a Free bet that can be used only on placing a bet. If such a bet wins, customers will get the net winnings. Punters can withdraw this money or go on betting it.
Here are various bonuses bookmakers offer in the form of Free bets:
- Welcome first deposit bonus.
- Welcome first bet bonus.
- Risk-free bet.
- Birthday gift.
- Cashback on bets (Free bet club).
Sports Betting Specials
Before the major tournaments, bookmakers often prepare special promotions, hoping that the media hype will attract the attention of betting fans. Participants of such promotions can compete for cash prizes, Free bets and memorable prizes varying from devices and computers to cars and apartments.
Reduced Juice Promos
Enhanced odds are one of the simplest and popular bonus options at many bookmakers. Sportsbooks can draw attention to specific matches or markets by nullifying margins, i.e. commissions embedded in posted odds. Thus, bettors get the opportunity to receive larger winnings in case of a successful bet.
Sports Betting Rebates
Regular bettors can expect a partial refund of their total stake amount. The bookmaker calculates the percentage of lost bets for a certain period – a week, month, year etc. The size of such a refund depends on the betting activity of punters. A part of the lost amount can be immediately withdrawn from the betting account, returned in the form of Free bets or received as a cash bonus with extra wagering requirements.
Betting Points Programs
This is a kind of rebates, but participants get loyalty points instead of Free bets. After this, they can choose how to spend the points received.
Are There Betting Bonus Restrictions?
Bookmakers often set limits that make it difficult to obtain or use bonuses. In distinct betting companies, the set of conditions is different, even if promotions are same-name. So, read all T&Cs carefully. Below is something to pay attention to:
- Types of qualifying bets. Before the bonus accrual, the bookmaker can require to place a multiple or single bet, or it can leave its customers without restrictions on the choice of bet types.
- Odds size. In the promo T&Cs, the bookmaker can set limits on the odds of events suitable for qualifying (for example, from 1.50 or up to 5.00).
- Restrictions on the selection of events. Not all bets can qualify for the promotion. The bookmaker can set restrictions on sports, tournaments, specific matches or markets (for example, you can bet only on the match winner).
- Bonus validity period. Almost always, bonuses have a validity period. For instance, it can be 7 or 30 days. If you fail to fulfil all requirements, the bonus will burn out.
- Wager. This is a multiplier that indicates the number of times punters need to bet the bonus amount before they can use the money. It is more common for cash bonuses. In sports betting, wagering requirements are milder, compared to casinos. For example, X5, X10 are the average wagering indicators for sports betting. Bonuses that require greater than X10 wagering are tough to obtain.