Sports betting is one of Canada’s newest industries. Ontario is on the cusp of legalizing single-event sports betting, allowing the most common types of wagers in Canada’s largest province. Major sportsbook brands from across the world have their eyes locked on Ontario. More provinces will follow soon, so sports betting will quickly flourish. Here’s what bettors need to know about the influx of sportsbooks and Canada sports betting bonuses.
Current Online Sports Betting Bonuses In Canada
There are several currently active sportsbooks in Canada, the only a couple of them have active opening bonuses for Canadian players. Other sportsbooks, like theScore and DraftKings, aren’t currently available but soon will be once they acquire licensure or launch by the end of the year.
Let’s take a look at some of the sportsbook betting bonuses you can expect now and in the future.
PROLINE+ is the official lottery run sportsbook platform for Ontario and certain areas of Newfoundland, Labrador, Nova Scotia, Prince Edward Island, and New Brunswick. It’s a fairly limited betting platform right now, only offering parlay wagering and a limited selection of single-game betting options.
Its opening bonus is similarly limited. Once you make an account with PROLINE+, all you have to do is deposit at least C$15, then you’ll get a free C$25 credit for use on the wagers of your choice. It’s a basic and ultimately limited bonus that essentially lets you try out the platform and little else.
PlayNow.com is another Canadian lottery-run sportsbook platform for British Columbia. Like PROLINE+, it’s fairly limited in what it offers and its opening bonus also isn’t anything to write home about. But it’s still a way to try out the platform without positing too much cash upfront.
PlayNow.com’s betting bonus first requires you to make a minimum deposit of C$20 in your account. Once you do this, you’ll get another C$20 of site credit in the form of a single token. Unfortunately, the token can only be used on one wager worth $20, so you’ll be limited in the betting lines where you can use it. Still, this could be a great way to try out the platform while you wait for more viable commercial sportsbook operators to launch.
New Legal Online Sportsbooks In Canada – Launch Updates
New legal sportsbooks haven’t launched yet. However, there are a few brands that are available in most markets that are open to them. Each also offers a welcome bonus to entice new bettors. Here are the sportsbooks that Canadians are most likely to see:
- DraftKings Canada – Best for game line odds on favorites to win
- BetMGM Canada – Best for bettors who want to accumulate rewards with a casino brand
- Caesars Sportsbook – Best for bettors who want a slick, high-end sportsbook to bet on
- FanDuel Canada – Best for game line odds on underdogs
- BetRivers Canada – Best for bettors who want to accumulate rewards specific to a sportsbook
- PointsBet Canada – Best for bettors who want to engage in precise high-risk prediction wagers
Canada New Online Sportsbook Bonuses November 2021
- Best for 20% deposit match up to $1,000 with a 5x playthrough rate
- Available on iOS, Android, and web browser
- DraftKing’s key feature is competitive game lines on favorites
DraftKings is the king of sports betting markets since it’s available in most markets out of any major sportsbook brand. Its game lines are consistently competitive on the favorite to win, so bettors who play it safe will get a lot of leverage out of a DraftKings account. DraftKing’s $1,000 deposit bonus only rewards a bettor’s first deposit, and bettors will receive $1 in bonus credits for every $5 they wager.
- Best for $1,000 risk-free bet to be refunded as multiple free bets
- Available on iOS, Android, and web browser
- BetMGM’s key feature is its live simulcasting of certain events in its live betting section
BetMGM has come a long way since its early launch. It’s easy to get around, find betting lines, and place bets. Its game lines are competitive across the board, so it’s a crucial sportsbook to check if bettors go odds-hunting. BetMGM has a $1,000 risk-free bet that most bettors will be able to take advantage of on their first wagers. But like FanDuel’s it’s easy to miss.
- Best for $1,000 risk-free bet refunded as site credits
- Available on iOS, Android, and web browser
- FanDuel’s key feature is its consistently competitive underdog odds and mid-range futures odds
FanDuel offers a sleek app with lines on all the major sports leagues. It’s one of the daily fantasy sports sites, and it offers an online casino. So, bettors could have access to a daily fantasy sports site, sportsbook, and online casino all in one. If bettors want to redeem FanDuel’s $1,000 risk-free bet, they must do it on their first wagers. It’s not valid for very long, so it’s easy to miss.
What Other Legal Online Sportsbooks Are Coming To Canada?
- Caesars Sportsbook – Caesars sportsbook is one of the slickest and smoothest apps on the market.
- BetRivers – Odds are similar to DraftKings, but BetRivers has a rewards program that earns bettors points with BetRivers. These points don’t translate to points at Rivers Casino, so bettors must be comfortable accumulating their points with the sportsbook only.
- PointsBet – PointsBet offers precise bets for high rewards but high losses, too. Pointsbetting is PointsBet’s signature
- theScore Bet – theScore Bet and theScore combine to offer sports betting and sports news. It’s the best sportsbook for bettors who want to devour news about the events they’re betting on before placing their bets.
Online Sportsbook Bonuses Available In Canada
There are a few different types of sportsbook bonuses available. However, each has important terms and conditions that bettors should understand.
Deposit bonuses are rewards for both making a large deposit and using it to wager throughout the following weeks. They’re usually around $500. However, the largest ones, like DraftKing’s $1,000 deposit bonus, come with important strings attached. Deposit bonuses have playthrough requirements. For example, after bettors make their first DraftKings deposits, DraftKings requires bettors to wager $5 to get $1 in site credits. Bettors actually have to use their deposited funds to bet, so they need to be prepared to use them to bet. As long as bettors wager like they normally would, they’ll maximize their deposit bonuses.
Risk-free bets are more like refunded bets. Like deposit bonuses, risk-free bets are often around $500, give or take a few hundred dollars. However, FanDuel offers a $1,000 risk-free bet. But these eye-popping bonuses are only credited to bettors who lose. When bettors lose, they have their wagers refunded up to the advertised amount. Risk-free bets are usually only available on bettors’ first bets, too. So, cashing these bonuses in requires a little forethought.
No-deposit bonuses are free site credits for bettors who finish creating their accounts. They’re usually smaller than about $50, making them some of the smallest welcome bonuses on the market. They usually accompany larger welcome bonuses like risk-free bets and deposit bonuses. In addition to its $1,000 deposit bonus, DraftKings offers a $25 no-deposit bonus for bettors who complete the registration process. It’s a small number of site credits that give bettors a small incentive to try sports betting. Placing the first sports bet is the hardest for new bettors, and sportsbooks are prepared to help.
What Sports Can You Bet On In Canada?
Betting On Pro Sports In Canada
There are no limits on betting on professional sports betting in Canada. Professional sports form the core of Canadian sportsbooks. They have clear rules that are universally understood, so it’s easy to create fair bets that are universally understood. Professional leagues also generate data in real-time that they can sell to sportsbooks. This data gives sportsbooks everything they need to update odds and settle bets in a timely manner. Bettors will have professional sports to bet on no matter where they bet.
College Sports Betting In Canada
Canadian sportsbooks will likely allow betting on college sports. If Canada models itself after the most competitive United States markets, college sports will be fair game for Canadian bettors. However, American college sports may feature more prominently than Canadian college sports. While Canadian college sports have rivalries, they haven’t grown into the massive money-making machine that American college sports have. Canadian college sports leagues will likely adjust their ethics guidelines to keep college athletes and coaches out of sports betting. But Ontario’s igaming guidelines already include language to keep them out of sports betting.
What International Sports Can You Bet On In Canada?
Canadians can bet on many international sports. They can bet on major leagues like the NHL, which includes teams from Canada and the United States. Bettors will also be able to bet on major professional leagues in the United States, like the NFL. However, the biggest international sports category is soccer. Sportsbooks offer lines on many international soccer leagues from many different countries. Canadian bettors will have no shortage of international sports to bet on when sportsbooks flood new Canadian sports betting markets.
Can You Bet On Esports In Canada?
Yes. Esports have exploded in popularity since the 1990s. Sportsbooks host major esports leagues centered around Counter Strike and Call of Duty. However, they’re usually not available year-round like some of the other professional sports are. American football futures are often available shortly after the Super Bowl. But the esports category comes and goes even in major sportsbooks like DraftKings and FanDuel. While most major sportsbook brands offer esports lines, bettors shouldn’t expect to see the category during every part of the year like they would a major professional sport.
What Else Can You Bet On In Canada?
Sports betting is the major new betting outlet coming to Canada. But unless bettors are interested in online poker or online casinos, the next best thing they can look for are other companies in the prediction industry. Many companies created platforms where bettors can make money by making correct predictions about the futures. Kalshi is a derivatives trading company, but bettors will be attracted to it anyway. It offers $1 payouts on predictions on geopolitical events. Companies like this operate in a new regulatory space that Canadian bettors can begin to explore outside of sports betting.
Do Sportsbooks In Canada Limit How Much I Can Bet?
Every sportsbook has an unofficial limit for how much bettors can wager. Sportsbooks balance the liabilities they may have to pay against the appealing odds they have to set to attract bettors. On any game line, sportsbooks are watching how much money they’re probably going to receive and how much money they may have to payout. Sportsbooks don’t want to promise too much money to their bettors. Too many underdogs coming through would bankrupt sportsbooks. But being too stingy would alienate starry-eyed bettors who think they have a shot at calling the next big upset.
Sportsbooks have an entire portfolio of bets to tweak to achieve this delicate balance. They’ll set insane odds on long shots. Bettors who put money on odds that are set at +10,000 or higher are giving money away to their sportsbooks. Sportsbooks can do this on futures when they know there’s someone who just isn’t going to come through and win it all. But even a game line can lose a sportsbook money. A +900 underdog would pay $900 for every $100 wagered on it. That’s a great day for bettors, but a bad one for sportsbooks.
However, bet limits are only a problem for high rollers. Someone with a lot of money may want to place a five-figure bet on an unlikely outcome. But there’s always room for an upset in sports, and sportsbooks know it. They may not want to be liable for such a large payout if it’s even remotely likely.
Most sports bettors will never hit a maximum bet limit. It’s set in the thousands or tens of thousands of dollars. So, bettors shouldn’t worry about it when sports betting goes online.
What Do I Need To Create An Online Sportsbook Account In Canada?
- Find the registration option in the top right corner of the screen. FanDuel has a clear registration button in that area of its app.
- During registration at FanDuel, bettors will be able to enter a promo code to redeem the welcome bonus.
- Bettors will have to provide FanDuel with personal details, like their names and addresses. They’ll also have to provide the last four digits of their social security numbers.
- To complete registration, bettors must set their account security questions.
- After bettors complete their registration, bettors can make their first deposits and their first bets.
Legal Online Sportsbooks Versus Illegal Online Sportsbooks In Canada
Bettors will prefer Canada’s legal sportsbooks to illegal sportsbooks on the market. The legal sportsbooks have gained experience winning customers over honestly. Everything from the welcome bonuses to the withdrawal approval times is geared toward attracting customers. Illegal sportsbooks used to be the only companies on the market that offered sports betting. So, they never had to develop themselves to be competitive. Now that customers have somewhere else to go, the legal sportsbooks will be better put together than their illegal counterparts. It’s not worth wasting time with illegal sportsbooks.
Canada Online Sportsbook Bonuses FAQs
Probably. Every major sportsbook brand has been watching Canada’s decade-long fight to legalize single-event sports betting. DraftKings is all over the United States, and it’s hard to imagine a major gaming market without them. Expect DraftKings to expand to every major Canadian sports betting market as they open up.
Again, probably. FanDuel is DraftKing’s greatest competitor. FanDuel is one of the few sportsbook brands that can capture more market share than DraftKings in a market where they directly compete. Ontario will be too great an opportunity for FanDuel to pass up, too. So, bettors should expect to see FanDuel as private sportsbook companies get up and running.
Yes. Bettors can claim as many welcome bonuses as there are sportsbooks that offer welcome bonuses. However, bettors can only redeem welcome bonuses at each sportsbook once. Bettors can’t create multiple accounts at the same sportsbook, so those welcome bonuses are one and done.
All the privately-owned sportsbook companies will offer welcome bonuses. It’s how they attract bettors when they move into new markets. However, the government-run sportsbooks will either abstain or offer much smaller welcome bonuses. Their goals are to generate revenue for their provinces, so bettors shouldn’t expect them to eat the same customer acquisition expenses.