Hefty Canadian Welcome Bonuses
Almost every online bookmaker offers a welcome bonus and some of them are very generous. Experienced sports bettors know how tough it can be to grind out a profit. Taking advantage of welcome bonuses is one way to get a much-needed edge. You have come to the right place if you are looking for the best welcome bonuses for Canadians.
Do you like getting freebies? Do you want to find a bookmaker that will give you free cash, free bets, or other goodies like risk-free bets? Because Canadians have access to countless great sportsbooks, they can take advantage of untold scores of valuable bonuses. The bookmaking business is highly competitive and each bookie wants you to bet with them.
Canadian Bookmakers with Welcome Bonuses
Welcome bonuses are one of the most effective ways for sportsbooks to attract new players. Check out the list below to find the bookmakers with the best welcome bonuses for Canadians.
What is a Welcome Bonus?
A welcome bonus is essentially a gift that bookmakers offer bettors in exchange for signing up and depositing money. A welcome bonus usually comes in the form of bonus cash, free bets, and risk-free bets. Typically, you must sign up with the bookie and make a real money deposit. In most cases, they will then give you bonus cash, free bets, or risk-free bets.
You can sometimes get various combinations of the three. Some bookmakers automatically credit you with the welcome bonus while some ask you to claim it by opting-in or contacting the site’s support team. In any event, they are easy to claim if you follow these steps:
- Go to bookmaker and open a new account
- Login and go to banking section
- Select the “Deposit” option
- Choose payment method
- Enter the amount you want to deposit
- Claim welcome bonus when prompted
- Complete and confirm transaction
- Check bonus account for your welcome bonus
- Start betting
You may have noticed a reference to a “bonus account” in the instructions above. There is a simple reason for this. When you get a welcome bonus, you can’t just take the bonus and run. Almost all welcome bonuses are subject to certain conditions. You can’t withdraw bonus funds until you have satisfied those conditions. For bonus cash, you will probably have to wager through the bonus amount several times before you can withdraw those funds. For example, you claim $100 in welcome bonus cash and there is a 10X rollover requirement on it.
That means you would need to place $1,000 in wagers to release the bonus funds. You will likely need to do this within a specific time frame. Always make sure to read and understand the bonus terms and conditions. In addition to rollover requirements and time limits, the bookie may limit the betting markets and mandate minimum odds for qualifying bets.
Free bets are also popular welcome bonuses among Canadian sports bettors. Instead of getting bonus cash, the claimant receives a free bet which has its value based on the amount you deposit. For instance, a sportsbook might 100% match your first deposit in free bets up to $100. In this case, you’d get $50 in free bets if you deposited $50, or the maximum $100 in free bets if you deposited $100 or more.
With free bets, you normally only receive the win amount when you win. The original stake is not returned. So, if you use your $100 free bet on the Montreal Canadiens to win at even money, and the wager wins, you would get a return of $100. Your winnings might be credited to your regular account free and clear of any requirements. However, most bookmakers will credit it to your bonus account which means you need to meet the bonus rollover requirements.
We cannot understate the importance of reading the terms and conditions of any sportsbook bonus. You may see two seemingly identical offers for a 100% match bonus up to $100. More often than not, the terms and conditions will reveal significant differences in rollover requirements, time limits, betting limits, and betting markets among other things. These factors determine how easy or hard it will be to convert your bonus funds into real money. Some bonus offers are very good, and some simply aren’t worth the hassle.
You should also consider your betting style when you claim a bonus. Let’s say you plan to deposit $100 and you see a 50% match welcome bonus up to $1,000. Don’t get blinded by the $1,000 part of the equation. Your $100 deposit would only net you $50 in bonus cash. Instead, look for something that you could get full value for such as a 100% match bonus up to $100. That would net you $100 in bonus cash.
FAQs
Conclusion
Canadians have so many welcome bonuses to choose from that it will make your head spin. It’s not as if you’re only allowed to claim one bookie welcome bonus either. You can claim one from each new bookmaker you sign on with. All of that bonus cash and the free bets can go a long way in turning a losing bettor into a profitable one.
Are welcome bonuses always easy to convert into real cash? No. Yet many Canadian sports bettors have successfully done it over and over. Some bonuses are harder to cash out than others. Still, why would you turn down a shot at free money? Get a leg up by claiming your welcome bonus today.