Bonuses, bet credits, and free bets can be a great way to build your bankroll when signing up at online sportsbooks. But not all bonuses are created the same. There is quite a bit of fine print around some of the bonuses, so you'll want to do your research before assuming that the biggest number is the best bonus. With that being said, we've taken the T&Cs into account when putting together this list. Here are our favourite new customer sign-up bonuses for Canadians in May 2020.
Summary of Best Sportsbook Bonuses in Canada
Here's a quick look at what we think are the best sportsbook bonuses for May 2020, but be sure to scroll down to read the details and to check that it is the right offer for you.
|Sportsbook||Sign-up Bonus||Get offer|
|1. William Hill||Up to $250 in free bets.||Claim now|
|2. Bet365||Up to $200 in bet credits.||Claim now|
|3. 888 Sport||100% deposit bonus up to $200.||Claim now|
|4. Coolbet||100% deposit bonus up to $200.||Claim now|
|5. NEO.bet||100% bonus package up to $200.||Claim now|
William Hill Sportsbook Bonus
Up to $250 in free bets. Claim now
All bonuses are paid out in free bets. Receive bonuses of 50% of a qualifying bet, up to a maximum of $50. Qualifying bets are a minimum of $5 at odds of 1.50 or higher.
Bet365 Sportsbook Bonus
Up to $200 in bet credits. Claim now
Make a qualifying deposit of $10 or more and claim the offer within 30 days of registering your account to qualify for a 100% matched amount in bet credits, up to a maximum of $200.
888 Sport Sportsbook Bonus
100% up to $200. Claim now
Minimum deposit of $10. Bonus will be applied once the initial deposit amount has been wagered at least once at odds of 1.50 or higher. Must be claimed within 60 days.
Coolbet Sportsbook Bonus
100% deposit bonus up to $200. Claim now
Minimum deposit is $10. Bonus must be rolled over six times at odds of 1.50 or higher and must be used within 30 days.
NEO.bet Sportsbook Bonus
100% welcome bonus package up to $200 (100% up to $100 on first deposit, 50% up to $50 on second and third deposits). Claim now
Bonus must be rolled over five times at betting odds of 1.50 or higher within 100 days.
What makes a good sportsbook bonus?
As we mentioned earlier, not all sportsbook bonuses are created equally. Bigger doesn't always mean better. It all depends on what you're looking for, how often you wager, and how much you like to bet. Almost all sportsbook bonuses carry some kind of rollover, which means that you need to wager the amount of the bonus X times over a certain amount of time to claim all of the bonus. For some casual bettors, some of these terms are unrealistic.
Above, we have included bonuses that we feel are some of the fairest in Canada. For example, you might find a bonus that offers $1,000 at sign up, but in order to claim all of it, you'll need to deposit $2,000 and roll it over 10 times within 30 days. We don't see this as being realistic for a lot of casual sports bettors, so we haven't included bonuses with those kinds of terms. The best advice we can give is to read the terms and conditions before choosing your sportsbook.
Frequently Asked Questions
What is a rollover at a sportsbook?
A rollover is a common condition attached to welcome bonuses and other free bet offers by online sportsbooks. It is usually defined as the total amount that a bettor must wager before they are allowed to withdraw the amount of the bonus. Let's say a rollover at a sportsbook is 5x and that the bonus is $200. That means that a bettor must place $1,000 in wagers (5 x $200) before being able to withdraw any of the bonus money. Note that only the amount wagered counts, not the amount won.
Note that there are often rollover requirements as well, such as the minimum odds that count towards the rollover (i.e. minimum odds of 1.50 or higher) and the timeframe it must be used during.
What are bet credits at a sportsbook?
Some online sportsbooks use bet credits instead of a welcome bonus. Basically, sportsbooks will give you credits that you can then use as bets once you've hit the requirements needed to unlock the credits. For example, a sportsbook might offer a 100% deposit match of up to $200 in bet credits at sign up. You'll then need to make qualifying bets in order to release the bet credits. The qualifying terms vary from book to book, so make sure to read the fine print.
Can I get a welcome bonus more than once?
The simple answer here is no — it is called a welcome bonus for a reason. Sportsbooks are pretty good at tracking this as well and signing up with another email address usually won't trick them. There are sometimes even rules in place about claiming multiple welcome bonuses within the same household, so again, check the terms and conditions.
How can I get free bets at an online sportsbook?
One of the easiest ways to get free bets is by taking advantage of welcome bonuses and offers. Of course, this can only be done once. But many sportsbooks will offer loyalty programs that offer free bets and credits. These are always changing so be sure to log onto the sportsbooks and check out their promotions tab often.
For more information about the best online sportsbooks in Canada, check out our review page.