Legal In USA
Verified on July 28, 2026
Last used 10 mins ago
2 min avg claim time
The Stake referral code for Canada is COVERSBONUS. Enter it at sign-up for a 200% deposit match up to $4,200.
I'll explain how to use the Stake referral code, what the welcome offer includes, why it's one of the best bonuses you can claim, and how to create your own Stake referral code to earn extra money after signing up.
Stake referral code at a glance
The Stake referral code in Canada must be used when registering a new Stake.com account. Once you've signed up, this same Stake.com referral code gets you access to all of the platform's existing-user promos and rakeback.
Here's a quick look at the most important details of the Stake referral code bonus:
| 🔓 Stake referral code |
COVERSBONUS |
| 💰 Stake referral bonus | 200% Match up to $4,200 |
| 💵 Minimum deposit |
$10 |
| 🔄️ Stake rakeback | Up to 5% of the house edge |
| 🌎 Eligible provinces | BC, MB, NB, NL, NS, PE, QC, SK |
| 🕒 Offer expiry | Ongoing |
How does the Stake referral code compare for Canadians?
 Stake |
 Sports Interaction |
 bet365 Sportsbook |
 TonyBet |
 BET99 |
 Betway |
|
|---|---|---|---|---|---|---|
| Compare | ||||||
| Welcome bonus | 200% Match up to $4,200 | 125% Match up to $750 | Choose: $50 or $1,000 Bonus | 100% Match Bonus up to $700 | $800 First Bet Encore | $300 Deposit Match |
| Promo code | COVERSBONUS |
Code applied automatically | COVERS365 | COVERSTB | COVERS99 | Code applied automatically |
| Bonus type | Deposit match | Deposit match | Bet-and-get or First bet offer | Deposit match | First bet offer | Deposit match |
| Bonus form | Up to $4,200 in bonus bets | Up to $750 in bonus bets | $50 bonus bet or up to $1,000 in bonus bets | Up to $700 in bonus bets | Four bonus bets, each worth 25% of your qualifying wager | Up to $300 in bonus bets |
| Max value | $4,200 | $750 | $50 or $1,000 | $700 | $800 | $300 |
| Qualifying deposit | $10 | $10 | $10 | $15 | $20 | $10 |
| Qualifying odds | N/A | -200 | -500 or longer | -200 for singles or -143 for multiples | N/A | Between -135 and -333 |
| Bonus expiration | 30 days | 60 days | 30 days | 14 days | 30 days | Seven days |
| Best for | High-rollers | Experienced bettors | New bettors | Experienced bettors | Knowledgeable bettors | Casual bettors |
| Additional promo code info | Continue reading | Sports Interaction bonus code | bet365 bonus code | TonyBet bonus code | BET99 promo code | Betway bonus code |
| Claim Bonus | Claim $4,200 | Claim $750 | Claim $50 | Claim $700 | Claim $800 | Claim $300 |
When it comes to sheer value, the Stake signup bonus stands out as one of the best Canada sportsbook promos. However, bonus size alone does not determine whether a promotion is worth claiming.
I also considered the terms and conditions, wagering requirements, restricted markets, and the overall signup process. After weighing these factors, I still rank Stake among the strongest options.
The 200% deposit match provides considerably more promotional value than many competing sportsbook bonuses, making COVERSBONUS the best referral code for Stake. The main drawback is the 40x wagering requirement, which is significantly higher than the industry average of around 5x. Even so, the size of the offer may outweigh this disadvantage for players who understand the conditions and are comfortable completing the required playthrough.
Expert Verdict
The current Stake bonus is a better fit for experienced bettors who are comfortable with a larger deposit and a high wagering requirement. To get the most from the offer, you would need to deposit up to $1,500 USD and complete the 40x playthrough requirement, so it takes a significant bankroll and plenty of betting activity. Most people don't have that kind of disposable income.
If you’re new to sports betting or only place occasional wagers, the welcome offers from bet365 or Betway are easier to use. They’re more straightforward and require a much smaller upfront commitment than the Stake bonus.
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Is there a referral code for Stake.com in Canada?
You can sign up with COVERSBONUS for a whopping 200% deposit match bonus worth up to $4,200.
The Stake.com referral code is available nationwide, except for in Ontario and Alberta. You can use the funds from the bonus to wager with both the sportsbook and the casino.
Stake sign-up bonus today: 200% deposit match
Only new customers are eligible for the Stake referral bonus.
Make an initial deposit of at least $10, and you will receive a 200% deposit bonus within 24 hours of your deposit and account review. The maximum deposit value is $1,500 USD, meaning you can earn up to $3,000 USD in bonus funds from this promotion. That works out to about $4,200 CAD.
As an added perk, signing up with Stake referral code COVERSBONUS also gives you instant access to rakeback, which you typically need VIP status to obtain. Rakeback gives casino players 5% of the house edge back as cash. Win or lose, you’ll receive some money back just for playing. The more you bet, the more rakeback you accumulate.
Stake referral code: Terms and conditions
You'll have to satisfy a handful of terms and conditions when claiming your Stake referral bonus. I've outlined the most important ones below:
- Make a minimum deposit of $10 to access the bonus. The maximum deposit available is $1,500 USD.
- Users receive a 200% deposit bonus — up to $4,200 in bonus bets ($3,000 USD).
- Bonus bets will be credited to your account within 24 hours of your deposit and once your account review is complete.
- The Stake bonus can be used on all sportsbook and casino games.
- The welcome offer has a playthrough requirement of 40x, and a 1% max bet applies to the deposit amount. This means if you deposit $10, you must play through it with $400 in cumulative wagers.
- The offer is available everywhere in Canada — except in Ontario and Alberta — and does not have an expiry date.
Stake referral code vs. no code: What you actually get
Here's a quick look at exactly what Stake referral code benefits you get when you sign up with COVERSBONUS.
| With Stake referral code | Without Stake referral code | |
|---|---|---|
|
💰 Welcome bonus?
|
Up to $4,200 | None |
| 🔄️ Rakeback? | Instantly unlocked | Only once you achieve VIP bronze status |
|
🤑 Existing-user promos?
|
Full access | Full access |
|
🤵 VIP Club?
|
Unlocked after wagering $10,000 | Unlocked after wagering $10,000 |
Expert Verdict
Getting immediate access to Stake rakeback is the cherry on top of one of the most lucrative betting bonuses on the market. With rakeback, you receive 5% of the house edge back as cash, meaning you'll still get something even if you go on a lengthy losing streak. Rakeback is based solely on wagering volume, so it doesn't matter if you're ice cold or on a heater.
I like to think of rakeback like I do finding spare change in my couch cushions. It's nice to have but not something I can rely on. Manage your expectations, as rakeback accumulates very slowly.
How to claim the Stake referral code
Getting started with your Stake referral code in Canada is simple. I was able to sign up and start betting in less than 10 minutes. Here's how the process works:
Register at Stake.com
First, register with Stake promo code COVERSBONUS. Enter some personal information on the registration form, including your date of birth and email address, to get started. Stake also allows you to sign in with Facebook, Google, LINE, or Twitch, to make things easier.
Enter the referral code
You'll find the field to enter your Stake referral code right under the username and password fields on the registration form. Use COVERSBONUS to unlock the 200% deposit match.
You must enter this code during registration, not after.
Make your first deposit
New Stake customers must make a first deposit of at least $10 following registration to activate the welcome bonus. You can make your deposit using one of the various banking methods available, which include cryptocurrency. All of the top coins are available, including Bitcoin and Ethereum. Crypto payments are processed instantly.
Place a wager and receive your bonus
Place a wager on any sports betting market of your choice. Simply click the bet to add it to your bet slip. Keep in mind there is a 1% maximum bet applied to the qualifying deposit amount while you're playing through your bonus.
Expert Verdict
If you have a large amount of disposable income, I recommend depositing as much as you can afford, up to $1,500 USD, to take full advantage of this offer. Lower-budget players can still get value out of this bonus, but it's more difficult to do so.
What I like about the Stake referral code
Exclusive promo code
Using the exclusive Stake promo code COVERSBONUS ensures you receive the best possible promotion during registration.
Huge ceiling
I like the sheer upside. A 200% deposit match with a high ceiling gives Canadian players far more room to extract value than most standard offers.
Rakeback perk
The ongoing rakeback (up to 5%) is a standout. It adds long-term value beyond the welcome bonus, especially if you’re an active bettor.
Use bonus for sportsbook and casino
The rewards structure applies across both sportsbook and casino play, which adds flexibility in how you use your balance.
What I don't like about the Stake referral code
The Stake referral code in Canada does have drawbacks that need to be considered:
Crypto-first betting site
If you’re not already comfortable with crypto deposits, there’s added friction compared to traditional sportsbooks. If you are someone who uses that type of currency, Stake is undoubtedly one of the best crypto sportsbooks in Canada.
Not licensed nationwide
Stake operates under an offshore license, meaning it’s outside provincial regulation in Canada. That won’t suit players who prefer locally regulated books.
Max bonus amount not very realistic
Between the 40x requirement on bonuses and the nuances tied to rakeback rewards, you’ll need to read the terms carefully to understand what’s actually withdrawable. Only the highest of spenders will be able to grab the full bonus.
How to maximize your Stake referral welcome bonus
Claiming the Stake referral code bonus is easy. Extracting real value from it takes a bit more thought.
Here’s how I approach it with actual numbers in mind:
📖 Understand the true wagering requirements
Start by quantifying what you’re committing to. For example, if you deposit $100 and receive a 200% bonus ($200), your total balance is $300. With a 40x wagering requirement, that’s $12,000 in required turnover. On sports bets that contribute at 75%, you’re realistically looking at $16,000 in total wagers to clear it. Knowing this upfront changes how you approach every bet.
📊 Be mindful of odds and payout math
Not all bets are equal. A winning $100 bet at -300 odds returns just $33, while -150 returns $66 and +200 returns $200. If minimum odds apply (often around -300), blindly betting heavy favourites won’t move you efficiently through the requirement. Focus on odds ranges that qualify and provide meaningful returns.
🏈 Stick to markets you actually follow
With thousands of dollars in required wagering, random bets won’t cut it. I stick to leagues and bet types I understand so I can make more informed decisions over a large sample size.
💸 Use disciplined bet sizing
Instead of going all-in, I break my balance into small units. With a $300 balance, that’s roughly $5-$10 per bet (1-3%). This won’t reduce the wagering requirement, but it does help you survive variance long enough to actually complete it.
🔄️ How rakeback can help you
One of the best Stake referral code benefits, rakeback can partially offset the house edge on casino games or the vig built into sportsbook odds, reducing the effective cost of play. It does not guarantee a profit, but over hundreds or thousands of bets, the cumulative difference can be substantial.
Expert Verdict
I deposited $250 with Stake, giving me access to a potential $500 bonus and a $750 total starting balance. Instead of making one large wager, I spread my bets across soccer player props and totals, including a $25 over 2.5 goals bet at 1.95 odds that won.
After a week, I still had most of my balance intact, but had only completed about 20% of the 40x rollover. Patience is key with this offer, as an aggressive approach can lead to huge losses.
Best Stake promotions for existing customers in Canada
The Stake referral code COVERSBONUS doesn't just unlock the welcome bonus, it also gives you access to the platform's huge variety of ongoing promos.
| Type of Stake.com promo | Description of Stake.com promo |
|---|---|
| 👊 UFC Split Decision Insurance | Place a minimum $5 pre-fight wager on any UFC winners market and earn up to a $250 refund if your fighter loses via split decision. |
| ⚾ MLB - 9th Inning Payout | Place a pre-game $5 wager on any MLB game. If your backed team is leading at the start of the 9th inning, but loses the game, you'll still receive up to $100 payout. |
| 🎟️ $75K 'Weekly Raffle' | For every $500 you wager in the Stake sportsbook and casino, you earn one ticket in Stake's Weekly Raffle. Stake selects 30 winners to split a $75,000 prize pool, and results are announced live on stream every Saturday at 4 p.m. ET. |
| 💰 $10,000,000 Race | With each wager on sports or casino games, you ascend to the top 5,000 positions, and your prize grows as you climb higher up the leaderboard. At the end of the race, all prizes are promptly credited to your balance in their equivalent Bitcoin value. |
| 💸 Pragmatic Drops & Wins | Play a wide range of eligible Pragmatic games and qualify for $2.5 million in random drops and ongoing promotions. The Pragmatic Play network shares the prize pool for popular slot games and exciting live casino games. |
| 🏆 Stake's Daily Races | Climb the Daily Race Leaderboard by making sportsbook and casino bets to be one of the 5,000 racers to earn prizes that are instantly paid out into your account. |
| 🛡️ Stake Shield | Stake Shield allows you to still earn a payout on your parlay, even if a selected number of legs lose. This applies to pre-game parlays only. |
Stake VIP program
Level up your status on Stake based on your wager amount to receive bonus drop codes, special offers, Stake Cash, and bonus growth. The VIP Club tiers are as follows:
How do I share my Stake referral code?
Once you've claimed your welcome bonus, you can actually create your own Stake referral code to share with others. You'll get extra money once they sign up, deposit and wager.
Here's how to share a Stake referral code:
How to find your Stake referral code
Find the affiliate tab
Once you are registered, find the affiliate tab under your profile. This will be near the top right of your screen on mobile or desktop.
Share your unique Stake referral code link
Copy the default affiliate link or create a custom campaign link. It functions as your Stake referral link and automatically tracks anyone who registers through it. Share it directly with friends or post it on your social media channels to reach a wider audience.
Earn commissions from every player you refer
When someone creates an account through your campaign link, their activity is automatically tracked. You earn commission as they deposit and place wagers, while the 'Referred Users' section lets you monitor their activity and performance.
Withdraw your commission
Use the ‘Commission’ button to view your earnings or transfer your earned funds to your Stake wallet.
Earning potential with your Stake referral code
Your referral earnings are determined by how many players you bring to Stake and how much they wager. Under Stake’s default affiliate model, partners typically earn a 10% wager share based on the eligible betting activity generated by users who register through your referral link.
There is no fixed cap on how much you can earn. The more active your referred players are, the greater your potential commission, and earnings can continue for as long as those users keep wagering. This gives the program the potential to generate recurring revenue over time.
You can monitor your results in real time from the 'Affiliate' section of your dashboard. This area displays key figures such as current commission, withdrawn funds, referred-user activity, and lifetime earnings.
Your commission earnings can generally be claimed instantly and transferred directly to your Stake wallet.
Expert Verdict
In one month, I earned just under $30 in commission from eight players who signed up through my Stake referral link ahead of the World Cup. My friends only bet casually and keep their wagers small, but if you have some active and big-spending bettors in your network, you could really rack up the commission. Still, I was more than pleased with the $28 I got just for sharing a link.
Troubleshooting your Stake referral code
Here are some of the common issues you can run into when sharing your Stake referral code:
- The code was entered after registration.
- The code was misspelled.
- The player you referred already had a Stake account.
- The player's region is restricted.
- The referred player tried to combine your code with another offer.
- Your referred player didn't meet the minimum deposit.
How a Stake referral code differs from a Stake promo code
| Stake referral code 🤝 | Stake promo code 💵 | |
|---|---|---|
| Who benefits? | The referrer earns a commission when others sign up and play | The player who signs up receives the bonus |
|
Who creates it?
|
Users and affiliates | Stake |
|
How long does it last?
|
As long as a referred player remains active | One-time reward |
Is Stake legal in Canada?
Stake is legal from coast to coast, save for Alberta and Ontario, and is one of the best betting sites in Canada. If you live in one of the two restricted provinces, we've prepared guides to the best Alberta betting sites and best Ontario betting sites.
Stake is licensed and regulated by the Curaçao Gaming Control Board, making it safe and secure to sign up with in Canada.
Players must be at least 19 years old (18 in Manitoba and Quebec) to register and grab the Stake referral code in Canada.
Stake sportsbook review
After using Stake’s sportsbook, I’ve found it works best for bettors who want a fast platform and are comfortable using crypto. I can move from an NHL moneyline to an NBA player prop in a few taps, and the bet slip stays easy to follow when I’m building a three-leg parlay. I also find alternate spreads, totals, player props, and live markets for major leagues.
The main drawback for me is the crypto-first setup. A Canadian used to depositing $50 through Interac may need to buy crypto, transfer it to Stake, and account for network fees. I also pay close attention to its offshore licensing and promotional terms, particularly minimum-odds rules and wagering requirements.
Key features I like
Live betting is the feature I use most. For example, if an NBA favourite moves from -6.5 pregame to -2.5 after a slow start, I can reassess the matchup using the live statistics.
I also use the bet builder for combinations such as a team moneyline, a player points prop, and the game total.
Odds boosts are useful when they improve a bet I already planned to make, such as moving it from +120 to +140.
Overall, Stake offers strong market depth and a smooth interface, but I think it is better suited to experienced, crypto-friendly bettors than complete beginners.
⭐ Check out Covers' full Stake review to learn more.
Stake sports betting markets
Stake has an expansive range of markets available, including all major North American sports leagues. Stake also offers NFL live streaming, which is an awesome feature for the most-bet-on sport in Canada.
Combat sports fans will love to hear that Stake.com is the official betting partner of the UFC and offers excellent betting odds and promotions on all MMA matches. You'll also find F1, college football, darts, snooker, squash, table tennis, cricket, handball, politics, and other sports betting options.
Tennis fans will be happy to hear that Stake.com is the official betting partner of both the Davis Cup and the Billie Jean King Cup. You'll also see election markets, making it a standout among the best political betting sites.
There is an especially large amount of esports to wager on, including Call of Duty, CS:GO, FIFA 25, League of Legends, Overwatch, Rocket League, Starcraft, NBA 2K, and Valorant. Stake is the exclusive partner of the legendary esports organization Team Secret.
Stake.com bet types
You'll find all of the bet types you could ever want at Stake.com, including moneyline, point spreads, Over/Under, prop bets, parlays, live betting, and futures.
Stake app review
Stake stands out as one of the most polished mobile sportsbooks available to Canadian bettors. Designed with a clean, modern interface, the app delivers fast navigation, deep market coverage, and a seamless in-play betting experience across major sports and global leagues.
The Stake iOS app supports built-in biometric authentication, including Face ID and fingerprint login, allowing users to access their accounts quickly without compromising security. Recent optimizations have focused on improving app stability, reducing load times, and streamlining bet placement for a smoother overall experience across supported iOS devices, making it one of the best betting apps in Canada.
🍎 iOS: Canadian users can click here to download the Stake Sports mobile app for iOS (size 37.9 MB) directly from the Apple App Store, where it currently holds a 4.5/5 rating.
🤖 Android: There is currently no app in the Google Play Store for Android users.
Stake banking and payment methods
Stake is a crypto-first platform, with all the top coins available to use, including Bitcoin and Ethereum. You can also use Moonpay, which lets you purchase crypto with MasterCard, Google Pay, Apple Pay, and Samsung Pay.
You can make deposits in Canadian dollars and don't have to use crypto. Just make sure you enable local currency on your account by accessing your wallet, selecting 'deposits,' and flipping the toggle from crypto to fiat currency.
| Payment Method 💵 | Minimum deposit 📥 | Withdrawal time📤 |
|---|---|---|
| Interac |
$5 |
Within 48 hours |
| Bitcoin |
$5 |
Instant |
| Bitcoin Cash |
$5 |
Instant |
| Dogecoin |
$5 |
Instant |
| EOS |
$5 |
Instant |
| Ethereum |
$5 |
Instant |
| Litecoin |
$5 |
Instant |
| Ripple |
$5 |
Instant |
| Tron |
$5 |
Instant |
| Moonpay |
$5 |
Instant |
Best Stake casino bonuses
The Stake referral code COVERSBONUS works for both sports and casino gambling. That means you can get the 200% deposit match and instant rakeback to use on your favourite slots and other casino games.
I spend most of my time playing with the sportsbook, but Stake Casino is loaded with original games and enticing promotions.
How I reviewed Stake.com
I’ve used Stake for five years, placing more than 500 real-money bets across sports including the NHL, NBA, NFL, and soccer. During that time, I’ve completed four deposits and seven withdrawals, including payouts ranging from $30 to $550, which gave me a clear view of the platform’s reliability over time.
I've compared Stake’s pricing on pre-game and live markets against 10+ competing sportsbooks. I have also reviewed its current promotions, including the Stake Canada referral code, and tested the mobile betting experience.
My assessment covered:
- Odds: Prices across 200 games and markets
- Payments: Four deposits and seven withdrawals
- Betting experience: More than 500 wagers placed
- Promotions: Bonus value, qualifying odds, and wagering requirements
Covers may earn commission through links on this page, but that relationship does not affect my ratings or conclusions.
More Canadian sportsbook bonuses
After you've claimed your Stake referral bonus, check out some of our other favourite Canadian sign-up offers available in 2026:
Stake responsible gambling features
There are several Stake responsible gambling tools designed to help you manage your betting activity and take a break when needed. These include:
- 📉 Loss limits: Set the maximum amount you can lose within a 24-hour, seven-day, or monthly period.
- 🚫 Wager limits: Control how much you can bet over a chosen timeframe, such as per day, month, or year.
- ⛔ Self-exclusion: Block access to your Stake account for six months or longer, including the option to exclude yourself indefinitely.
- 🙅 Break in play: Temporarily suspend your account for a shorter period, ranging from one day to three months.
Gambling helplines
- ConnexOntario: 1-866-531-2600
- Game Sense: 1-866-815-0222
- Problem Gambling Helpline: 1-800-522-4700
Stake referral code FAQ
Yes. Using referral code COVERSBONUS at sign-up activates a 200% deposit match up to $4,200, plus 5% ongoing rakeback.
Use COVERSBONUS at sign-up. This is a Covers-exclusive code for Canadian users.
Enter the referral code COVERSBONUS during registration and make your first deposit. The 200% match is applied to that initial deposit.
Log in to Stake.com, go to your account settings or the Rewards section, and your personal referral link and code are listed there. You will earn commission for every player who signs up using your unique code and wagers with Stake.
Stake.com is licensed offshore (Curaçao) and is available to Canadian players, but it operates outside provincial regulatory frameworks. It is not a provincially licensed operator.
No. The 200% deposit match is a new-user offer. Existing registered accounts cannot apply a referral code retroactively.
Rakeback is typically withdrawable once credited, subject to Stake's minimum withdrawal thresholds. Check current T&Cs on the platform for the latest terms.
