Sign-up Offers and Welcome Bonuses
Do you happen to be a newcomer in the world of online sports betting? If so, you need to be aware that sportsbook bonuses come in different shapes, forms, and sizes. The following are the different types of welcome bonuses or sign-up offers you need to take note of a new player.
Free bets are some of the most popular types of sports betting bonuses available at almost all sportsbooks. It’s one of the most common sign-up offers out there. Here, the moment you register at a sports betting site, you find an offer of a free bet amount to use, but only after following a certain set of conditions attached to the offer, mostly some wagering requirements.
Matched Free Bets
These ones mostly come accompanied by minimum odds restrictions, most of which apply to playthrough or wagering requirements. Here, you only get to use your bonus funds to place wagers over a certain price that the bookie specifies.
Another popular type of offer that you can find during the registration process of your account, risk-free bets is are those types of bets where if you happen to lose your wager, you get something in return. What you get back could be in form of free bets or site credits.
Perhaps the most common type of promotion betting sites offers, in this type of offer, a betting site goes ahead to match a percentage of your deposit. You may find a site offering you a 50% match bonus up to CAD 1,000. It means that they'll give you 0.50 CAD for every CAD 1 you deposit.
These are quite simple. Provided you make a deposit (usually of a certain stated amount by the sportsbook), then you automatically qualify for the bonus.
Free Bet Bundles
Though not common, free bet bundles are other types of welcome bonuses. Free bet bundles are new fixed odds racing products that allow bettors to combine or bundle multiple selections from the same market, earning a single Fixed Odds price if any of them wins.
Cashback on Losses
Just as the name suggests, in this type of bonus offer, first, you need to place a wager on a certain amount (the value is mostly specified by the sportsbook) and if it ends up in a loss, the bookie will refund your money.
Odds boosts are one of the best ways for new customers to explore betting on different bet types and events and at more attractive odds. With odds boosts, you typically increase your profit by somewhere in the range of 10% to 40%.
Put in simple terms, here, you can get your money back on your wager at any time when the event that you did wager on is taking place, not just when the event is over. You need to note that the amount you get back will depend on the time during the event which you cash out.
Review of Sportsbook Offers for Canadian Gamblers
Canadian gamblers will be happy to learn that almost all bookmakers that accept them do have in place several irresistible sign-up offers available for them. While there are plenty of sign-up offers available to new customers upon registration, first deposit bonuses seem to top the list.
Best First Deposit Bonus Sites
Without a doubt, the first deposit bonus is one of the most popular types of welcome bonus offer that you can find in Canada. For this type of welcome bonus, you'll be given some cash reward for signing up on a betting site of your choice and making a deposit. Of importance to note here is that the cash reward is a percentage of your first deposit.
Several bookmakers are currently accepting Canadian players. A good number of them offer first deposit bonuses to their customers. Unfortunately, some of them don't do well when it comes tothe promotions department, more so with the first deposit bonus. The following are the bookmakers with first deposit bonus offers:
Betway Canada has in place an excellent sign-up bonus offer for its new customers. This sportsbook offers their new players a 100% welcome bonus of up to 300 CAD on their first deposit.
Spots Interaction rewards its first-time users with a 100% bonus on their initial deposit to the site. Here, customers stand a chance to claim up to 200 CAD on their first deposit.
Bodog is another bookmaker with a first deposit bonus to its new members. New Canadian bettors that join the site stand to claim a 100% bonus of up to 400 CAD.
Just like Bodog, Bet99 offers first-time users a 100% first deposit bonus of up to 400 CAD.
William Hill also has a welcome bonus for its first-time users. New customers here can claim a first deposit bonus of up to 500 CAD.
Customers with betting accounts at PowerPlay can collect a bonus amount of up to 500 CAD in the sportsbook after their initial deposit.
Those that join Betsafe for the first time can collect sports betting bonus of 100% that pays them up to 300 CAD.
This sportsbook also has a valuable welcome bonus. Here, when you open a betting account, you immediately receive a 100% first deposit bonus of up to 100 CAD for sports betting.
Free Bet Offers
Free bets are those types of bets provided by betting companies for their customers to place and then go to benefit from the winnings. They are mostly used as welcome offers aimed at enticing new customers. Common free bets that you can certainly find at top sportsbooks include the following:
In this case, the sportsbook will refund your stake, most of the time as a bonus bet, up to some amount should your accumulator lose. It mostly applies if a single accumulator loses, along with a minimum number of legs that are needed to qualify for the offer.
These are the most common with bettors and mean that if you happen to lose your wager, you get a refund of your stake. But of importance to note here is that there are certain terms and conditions, mostly in the form of betting bonus offers rather than cash.
Loyalty free bets
Unlike those types of bets mostly targeting new customers, these are for the most part for existing customers. Here, existing players get rewarded for consistently wagering with a bookmaker, and mostly credited once a customer has wagered a certain amount regardless of whether they lost or won.
CA Betting Bonuses FAQs
How Do Sportsbook Bonuses And Free Bets Work?
Bonuses work by requiring you to meet conditions set by your bookmakers. With free bets, if your bet loses, you don't lose anything. But if you win, you receive only the profit.
How Soon Will I Be Able To Withdraw My Sportsbook Bonus As Real Money?
You will be able to withdraw your sportsbook bonus as real money the moment you meet the playthrough conditions or the wagering requirements.
What Is The Maximum Free Bet / No Deposit Bonus You Can Get?
This one varies from one sportsbook to the next.
What Is Matched Betting?
It's a method of turning free bets that you are offered by online bookies into real cash. This one is done by covering all the possible outcomes through the placement of multiple bets.
Are Betting Offers Only For New Customers?
No. Some, such as loyalty bonuses that are mostly for existing customers.
Must I Deposit Money To Qualify For A Betting Offer?
No. Some offers, such as the no deposit offers don't you to make any form of a deposit to qualify for a betting offer.