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Canadian sportsbook bonuses: $2,800 in SNBET offers

Below our bonuses, which together total $2,800 in potential value, we discuss the new landscape for bonuses in Canada, and the use of bonus codes (or not). We also explain how sports betting bonuses work so that you may understand key concepts in the terms and conditions. To help you differentiate between seemingly similar offers, we also provide a table for easy side-by-side bonus term comparison, so you might find the right offer from our recommended providers for your own unique situation. (Note that these offers are available to players in Canada, but outside Ontario.)

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               Read the SIA Review
         Live in Ontario's legal market
 

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            Read the Betsafe Review
     Licensed in Ontario's legal market
 

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            Read the Betway Review
         Live in Ontario's legal market
 

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        Read the BetVictor Review
       Live in Ontario's legal market
     

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    Licensed in Ontario's legal market
     

The sports betting bonus situation in Canada (& Ontario) just got weird

As part of their operating agreements, Ontario licensed betting sites may not advertise sign-up offers on any form of media, including sites like SNBET. So for Ontario, we won't be able to discuss bonus offer details, or even their availability at a given operator after the market opens as per the AGCO marketing rules.  In fact, this page has been made inaccessible to those that visit from Ontario.

Beyond this, thanks to the new rules in Ontario, the advertisement of bonus offers across Canada has changed drastically.  Some sportsbook brands that serve both the legal Ontario market and the rest of Canada from their 'offshore' jurisdictions, have taken the decision to stop the advertisement of their bonus offers across Canada - even outside of Ontario.

These brands do NOT want to anger the AGCO given their prohibition of gambling "inducements", and risk receiving a substantial fine.  Policing odds comparison and sportsbook review sites between those meant for "Ontario" or "Canada" is just too difficult, so some brands have halted the advertisement of any Canadian bonus offer as a result.

What does this mean to you, the player, in a practical sense?  The bonus offers still probably exist at the given online sportsbook, we just cannot list them due to the given sportsbook's ad policies for Canada & Ontario. Thus, our readers will simply need to take the added step of clicking to visit the given operator to see what might be available, without first knowing about what the bonus offer might be.  It's why our list of top sportsbook bonuses above looks a little different compared to the top sportsbooks we reviewed. Understand?

Sorry about that, but at least you have a bit of an understanding about the current landscape, and why you might not be able to find all the information that you are looking for here on SNBET.ca. Again, the piecemeal, province-by-province structure of gaming regulation in Canada leaves Canadians with a lot to be desired in this sense.

 

Why note that the above brands are coming to Ontario's legal market if this page is meant for those in the rest of Canada (ex-ON)?
Legal Ontario betting sites can only be used by customers that are physically located in Ontario. If you are outside Ontario, you would be playing at the given brand's international site in their "offshore" jurisdiction. However, you may take some comfort in knowing that a Canadian-based regulator has given their seal of approval to the given brand's operators - hence we make the note. 
     

How sports betting site bonuses work

A lot of offers around the web might use the word 'free' with regard to what you can get - like a 'free' bet. Know that nothing is really free in this way. All betting site bonus offers will require several things from you in order to get some manner of value back in return, including that you make a minimum deposit, and that you meet wagering rollover requirements on qualifying bets above a set odds threshold, within a prescribed time limit.  We explain each of these concepts and others below, along with a side-by-side sports betting bonus comparison of the offers available at our recommended betting sites.

 

Sportsbook bonus codes: Do all bonuses require a promo code?

No. Every betting site sign-up bonus offer is different. As you choose a company, if the landing page quotes you a promo code to use for the offer, remember it or write it down and enter it where prompted as you register your account.  Other sportsbook companies may not use codes for their bonus offer. They may simply ask if you wish to claim the offer by either ticking a box or by clicking a button as you register.  To claim some bonus offers, you may be required to opt-in to certain email communications as part of the conditions. This should be made clear to you as you opt-in.

 

Minimum deposits for sports betting bonuses in Canada

Bonus offers always quote the maximum offer, like '100% up to $200' - but for those that want to deposit less than the headline amount, the offer terms & conditions will define a minimum deposit of perhaps $10 or $20 in order to qualify for the 100% matched bonus.  For example, if the minimum deposit was set at $20, you could deposit as little as $20 and the company would match your deposit at 100% with a $20 bonus, which is still subject to the offer terms.  

If you do not intend to deposit the full amount quoted in the offer headline, but want at least some level of bonus amount, have a look to see if your intended initial deposit will be at or above the minimum deposit threshold as set out in the offer terms.  Compare the minimum deposit requirements side-by-side for each of our listed Canadian sportsbook bonuses.

 

Wagering rollover requirements for sign-up bonuses

To attain the full value of your bonus for the purpose of withdrawal, the sportsbook company will first require that you wager your deposited amount (and maybe the bonus amount) several times over.  For example, if your deposit is $100, the company might have a 6x rollover requirement.

This means that you would need to make qualifying bets with a total worth of six-times the value of your deposit, or in this example, $600 worth of bets.  Note that this is merely a wagering requirement, the rules will not require that you win or lose the bets - just that you wager this amount on qualifying bets, within a defined period of time.  

Lower rollover requirements are easier to achieve.  In other words, a 6x rollover requirement is better for you than 10x rollover if applied to the same amount of bonus money.  Do the math for yourself.  If you have a 10x rollover requirement on a maximum $200 bonus, that’s $2,000 in required qualifying bets.  If you have a 5x rollover requirement on a maximum $200 bonus, that’s just $1,000 in required qualifying bets.  Compare wagering rollover requirements side-by-side for our listed sports betting bonuses below.

 

Minimum odds threshold: qualifying wagers for sportsbook bonuses

There will be a minimum odds threshold to determine whether or not your bets will qualify toward the value of the bonus for the purposes of withdrawal as real money. For example, for a bet to qualify and apply to your bonus rollover requirements, they could have minimum odds requirement of -125 (American format) or 1.80 (Decimal format). In this example, any bets that you make that are below -125 / 1.80 would not apply to the bonus rollover requirements.

In other words, bets where a given event outcome is a heavily favoured will not be applicable toward your rollover requirements. Keep the minimum odds requirements in mind when examining bonus terms before you register. Ideally the minimum odds threshold should be relatively low - at 1.80 or lower for most, if not all of the required bets. Compare the minimum odds thresholds side-by-side for our listed sportsbook bonus offers below.

 

Time limits to achieve a Canadian sportsbook bonus

Within the bonus terms, the betting company will define how much time you have to achieve the given deposit and wagering requirements.  For example, you might have just seven days to rollover your deposit amount by six times or more.  That’s not a lot of time for most players.  If you do not fulfill your deposit or rollover requirements within the defined period, usually from the point of registration, your potential bonus amount will likely become forfeited. Keep these time limits in mind as you look at bonus offer details.  

There is no point in getting excited by a big headline bonus offer, when the terms and conditions may be defined in a way to ensure that you have no realistic amount of time to achieve the requirements of the bonus.   Before you sign up, ensure that the sportsbook company is giving you a fair amount of time to satisfy the requirements of the offer.  Ideally you are getting at least 14 days.  If the defined time requirement is less than this, you might try for an offer with a more realistic time-frame from another company - unless you really expect to be making a lot of qualifying bets as you start out with your new account.  Compare time limits side-by-side for our listed sports betting bonus offers below.

 

Sports betting bonus exclusions or requirements related to payment method

Sometimes, a betting site will exclude a bonus offer for players that use a particular payment method. If that payment method is expensive for the betting site to utilize, they may only allow bonuses to be gained by players that use their favoured payment methods. You will see this mentioned in the terms and conditions of the bonus if such an exclusion exists.  

Sometimes, bonuses are only available if new players are using a credit or debit card. Be wary of such requirements to get your bonus offer.  Credit card payments to any gambling sites from Canada are treated as ‘cash advances’ - meaning that interest begins to accrue from the moment of the transaction, which can make it a very expensive transaction for you.  You would do well to avoid bonuses that require credit card payments.  

There are far more economical methods to make sportsbook payments, most of which are debit or bank transfer methods.  SNBET discusses these methods and highlights the Interac betting sites for players in Canada.  None of the bonuses listed on SNBET have pertinent payment method exclusions for you as credit cards, Interac and other bank debit methods may all be used without issue. 

 

Be wary of non-CAD sportsbook bonus offers

Many betting sites offer special new player bonuses that are designed or dedicated to audiences in Canada.  Players from Canada are very desirable for operators.  Several of these companies offer Canadian dollar accounts - but many non-CAD betting sites offer bonuses in ‘dollars’ with the hopes of luring Canadians, when in fact the dollars being quoted are USD and if you play there, you will lose money on currency conversion every time you deposit or withdraw funds.

As you do your research in reading Canadian betting site reviews here on SNBET.ca or around the Internet, do not take CAD accounts and bonuses for granted.  Read our SNBET page on Canadian sports betting scams to learn about the things you should keep in mind when looking for a new betting site or a sportsbook bonus from Canada, so you may steer clear of the providers that you may wish to avoid.  The companies that SNBET recommends all offer Canadian Dollar accounts, payment methods and bonuses.

 

Compare sportsbook sign-up bonus key terms

(SIA boosted their bonus from $500 to $1,000 for the start of the NFL season. It will return to normal in time, but for now, our chart reflects the old offer)

SIA uses Bet Credits or 'Free Bets' for their offer, whereas the rest use matched deposit bonuses.  With 'Bet Credits' or 'Free Bets', if you win the associated 'free' bet, you get the profit, not the stake value. The stake value on bet credits return to the bookie. For deposit bonuses however, if you achieve all the terms & requirements, the full bonus amount may be available for you to withdraw as cash.

Betsafe, BetVictor & Casumo have the largest available deposit bonuses.

SIA has a bonus offer that allows lots of time to achieve the requirements (30 days), have relatively low odds thresholds for qualifying bets, and have low rollover requirements. Thus one might say that this offer is more achievable relative to the others listed. This is mainly because the offer is for 'free bets' or 'bet credits' rather than a deposit bonus.

BetVictor has the most achievable deposit bonus given a rollover requirement of just three times your bonus amount & 7 days to achieve the requirements.  

Betway, BetVictor & Casumo have the lowest minimum deposit towards a bonus.  This is good if you are starting small, but still want a bonus.

BetVictor has the lowest overall rollover wagering requirement as compared to its matched deposit bonus offer, which makes their matched bonus offer 'the best bang for your buck' for this type of promotion. You can see this if you divide the maximum bonus amount by the maximum rollover requirement.  BetVictor offers ~33% value, whereas Betsafe offers ~17% value & Betway offers 10% value. 

In summary: If a sign-up bonus is the deciding factor in your choice of betting site, pay particularly close attention to the 'time to achieve' and the wagering 'rollover requirements'.  Make sure that you can comfortably satisfy them based on how you expect to play soon after you register.