CashtoCode eVoucher betting bonuses in Canada
Betting bonuses are ubiquitous and can dramatically improve your online betting experience. Free bets, match bonuses, reload bonuses or a decent odds boost – all of these are available at Canadian betting sites. To make our case even better, you can find all of these betting bonuses at CashtoCode eVoucher sportsbooks too.
Best sports betting bonuses in Canada
- Great sports offer
- Decent betting odds
- Variety of ongoing betting promotions
- Optimized user interface
- Licensed in Curacao
- No live streaming
- Live streaming
- Early Cashout
- BetBuilder
- Decent selection of ongoing promotions
- Easy navigation
- Licensed in Curacao
- Average odds
- Focus on European leagues
- Live streaming
- Early cashout
- Bet Builder
- Ongoing betting promotions
- Licensed in Curacao
- No “streaming” toggle
- Odd color design
- Great sports offer
- Decent betting odds
- Early cashout
- Optimized user interface
- Live video streaming
- Licensed in Curacao
- Fewer promotions than average
- Top class live betting
- Live streaming and broadcasts
- Full and partial cashout
- Bet Builder promotion
- Licensed in Curacao
- Slightly higher betting margins
- Live streaming and broadcasts
- Ongoing betting promotions
- Early cashout
- Bet Builder
- Licensed in Curacao
- Strong focus on casino games
- Quick Bet feature
- Early Cash Out
- VIP program
- Best bonus terms on the market
- Licensed in Curacao
- No live streaming
- Confusing user interface and navigation
- No American odds, decimal only provided
The above list shows the best betting bonuses you can get at the finest Canadian CashtoCode betting sites. If you want to see a list based on a different criteria, check the links below:
Best by category
| Category | Betting site |
|---|---|
| Free bet |  Sportuna |
| Match bonus |  BetOnRed |
| Reload bonuses |  SG Sports |
| Cashback bonuse | Sportuna |
| Wagering requirement | BetOnRed |
How to claim a sportsbook bonus?
Even if you’re new to online betting, bonuses are easy to understand. To make sure you don’t have any blindspots, here’s a step by step guide that will get you to bet with bonus money.
- Scan what the market offers.
- Compare the bonus amount and the bonus percentage.
- Check the terms for any relevant restrictions.
- Check the sportsbook review or the rating.
- Claim the bonus on your first deposit.
Some betting bonuses might require the use of a bonus code. If that’s the case, make sure you provide the bonus code when prompted. It can either be during registration, or when you make your deposit. This varies from sportsbook to sportsbook.
Pros & cons of betting with bonuses
Betting bonuses bring about a range of advantages. If you approach betting promotions the right way your betting experience will improve several fold. However, they also come with a selection of disadvantages which are put in place so the betting site can protect its bottom line.
| Pros | Cons |
|---|---|
| More money to bet with | False sense of security |
| You’re not risking your money necessarily | Wagering requirements |
| Encourages experimentating | Expiration period |
| Minimum qualifying odds |
Betting bonuses and promotions have one purpose, to give you the bettor more money to bet with. They make a more risk seeking bettor, they make you more open to take a riskier bet. Some of these bets might fall in a different betting market category which you previously haven’t considered or you simply thought the risk is too much for you.
As long as the bonus terms allow it, you can truly take on a new approach to sports betting.
How to use online betting bonuses
Bonuses and promotions are not an integral part of betting, but they are one of the online betting experience. They are ubiquitous, but still are limited in supply. There are bettors that change their entire approach to online betting and they start to revolve around signup betting bonuses only. This is a slippery slope as it’s only a matter of time before you either run out of options or you start to resort to joining suspicious betting sites.
Consider them extra betting money
It’s best to treat them differently than your money. Don’t put yourself down if you still fail to complete the wagering requirement and turn out a profit. Betting should be fun, entertaining, a pleasant past time. With betting bonuses, this past time can last longer if you don’t change how you treat your balance radically.
Betting bonuses won’t make you a better or more successful bettor, but they can make the whole experience last longer.
Don’t go out of your comfort zone
It’s perfectly fine if you use the betting bonus funds on sports, events and betting markets that you are well familiar with. Unless specifically mentioned in the bonus terms or the offer, you can do with the bonus as you please.
A good share of bettors that use bonuses do this exactly and they end up with worse results than usual. It’s safe to attribute this to pushing their luck to its very limits.
Don’t chase betting bonuses
You’re not exactly helping yourself if you always bet with bonuses. This means that you’re always subjected to wagering requirements which prevent you from withdrawing any winnings. However, if you are going for a bonus, at least make sure that it’s worth it. You don’t want to become a bonus hunter that settles for any and all betting bonuses and promotions.
Finding a good betting bonus is a side quest, not the primary objective. Betting is about placing the right bet and winning, not about completing wagering requirements.
Use them for experimentation
They are great if you’ve spotted a rare opportunity in the odds and you want to put a bigger than usual bet. Placing the entire bonus on a straight bet sounds like a reasonable thing to do. They are extra money that you didn’t plan
Types of betting bonuses
Based on how the bonus works, who is eligibe for the offer and the mechanics behind it, there are different types of betting bonuses. Each of them has its purpose, along with their advantages and disadvantages.
Match deposit bonus
The vast majority of betting bonuses that are currently available to you fall into this category. Match deposit bonuses are defined with a bonus amount and a bonus percentage. The best case scenario is that it’s a 100% match bonus. There are match bonuses that go as high as 200% of your deposit, but they are very rare. Even when they are available, the bonus terms make the twice as less appealing than their 100% counterparts because of the wagering requirement. Higher bonus amount means much higher amount you have to wager.
In short, the next bonus you’re going to claim is most likely a match deposit bonus. They have been around for decades and it doesn’t look like they will go away or change any time soon.
Free bets
Free bets are generally more popular in time of popular sporting events. It’s important to note that free bets take away a lot of control that you otherwise have with a match bonus. For example, the betting site might be offering free bets that you have to use on specific sports, specific betting markets or they must have a very specific bet amount.
Since they can be tailored to the operators’ liking, you can find free bets for live or in-play betting. This is something that’s not guaranteed when claiming a match deposit bonus.
Risk-free bet
Unlike free bets, which you get upon a deposit, a risk-free bet is credited to your account only after you place a losing bet. This is why they are called risk-free. They act as free bets but are there to only minimize your losses. In addition, to qualify for one, you must respect the maximum qualifying bet. Risk-free bets are usually capped at $20 or $30 maximum.
Enhanced odds or boosted odds
Enhanced or boosted odds are promotions offered by bookmakers where they artificially increase the odds of specific betting markets. This practice serves as an attractive offer to bettors for potentially higher payouts on certain bets. Typically, these offers are available for a limited time and may be restricted to certain events or customers.
To best utilize enhanced odds, you should focus on events that are familiar with. You should also compare these odds with what other sportsbooks are offering to ensure it’s a deal worth taking. Enhanced odds are a strategic tool that can in the long run improve your returns.
Reload bonuses
Reload bonuses are available to existing customers only, meaning you can’t be a new customer and have access to them. They are just incentives to keep the existing customer base active or to reactivate it. The bonus could be a percentage of the deposited amount, offering more funds to bet with than the actual amount deposited.
It's beneficial to reload your account when you have a clear betting plan or when there are events you have researched and feel confident about. As always, understanding the specific terms and conditions associated with the reload bonus, such as minimum odds, wagering requirements, and expiry dates, is crucial for maximizing its potential value.
Cashback bonus
Cashback bonuses are a form of betting promotion where bettors receive a portion of their losses back as a bonus. Typically, these bonuses are calculated over a specific period of betting activity and credited to the bettor's account. They provide a buffer against losses, offering a chance to regain some lost stakes.
To use them effectively, it’s wise to continue betting as usual on markets where you have expertise. Since the cashback is a safety net for losses, it shouldn’t drastically change your betting strategy. Always check the terms for any restrictions or requirements, and use the cashback as an opportunity to mitigate risks while pursuing winning bets.
Betting bonus terms
Betting bonus terms are put in place to give the sports betting operator a fair chance at protecting their interest. Sportsbook operators can get very creative with the terms, but in general, it all revolves around 4 different parameters.
- Bonus amount
- Wagering requireemnt
- Minimum odds
- Minimum qualifying deposit
Here we take a look at the more important data that will give you an idea if you’re getting a good deal at the next Canadian sports betting site you join.
Bonus amount
These are standard betting bonuses. Betting sites might offer exclusive or limited time offers that are on offer. Be preapred to find a bonus code when claminig this kind of betting welcome bonuses.
| Description | Value |
|---|---|
| Minimum bonus amount | $150 |
| Maximum bonus amount | $700 |
| Average bonus amount | $300 |
| Median bonus amount | $150 |
The bonus amounts are average at best. The $150 bonuses can be conisdered modest – too modest for some bettors.
Bonus percentage
Pay attention to the bonus percentage and consider the wagering requirements. A 50% bonus that carries wagering requirement that is based on the bonus amount only is quite favorable.
Overall, most betting sites offer 100% bonuses which is one of the better aspects so far.
| Description | Value |
|---|---|
| Minimum bonus percentange | 50% |
| Maximum bonus percentange | 100% |
| Average bonus percentange | 85% |
| Median bonus percentange | 100% |
Luckily, the bonuses in our top list fit the requirements in this section.
Wagering requirements or rollover requirement
Any wagering requirement of 10x deposit and bonus or more should be avoided. Those bonuses are geared to casino players or bettors that are not planning on winning and withdrawing. Generally, the wagering requirements are acceptable at Canadian betting sites.
| Description | Value |
|---|---|
| Minimum wagering requirements | 5x bonus |
| Maximum wagering requirements | 40x bonus |
| Average wagering requirements | 8x deposit and bonus |
| Median wagering requirements | 6x deposit and bonus |
The best wagering requirement we found at the time of writing of this page was at BetonRed Sportsbook with 5x bonus WR only. To add the low minimum odds, they make it one of the better offers on the market.
Minimum odds
There are two types of minimum odds that you should be aware of. One is if you’re placing a straight pre-match bet, and the other is if you’re placing a parlay bet. The latter are usually lower.
The higher the minimum odds, the less likely it is to win.
| Description | Value |
|---|---|
| Lowest minimum odds | 1.01 |
| Highest minimum odds | 2.00 |
| Average minimum odds | 1.8 |
| Median minimum odds | 2.00 |
The minimum odds at these Canadian CashtoCode eVoucher betting sites are decent, but generally we find any odds of 1.80 or higher to be too hard to complete. It’s difficult to find an event for this kind of odds.
Qualifying deposit
If you’re going to bet with a bonus, the minimum qualifying deposit is not that relevant. The reason is – the more you deposit, the higher the bonus will be. However, if you don’t want to make a big commttment and still bet with a bonus, you can start with as low as $15.
| Qualifying minimum deposit | Value |
|---|---|
| Lowest | $15 |
| Highest | $30 |
| Average | $25 |
| Median | $30 |
Something that we find a bit unexpected is the complete absence of free bets that come with a maximum deposit.
Other restrictions
There are other resitrctions that might prevent or at least control what you can bet on, such as:
- Sports – which sports you are explicitly allowed to place bets on.
- Betting market – which betting markets you can consider betting.
- Deposit method – which deposit method you can deposit with to claim a sports betting bonus. CashtoCode eVoucher deposits qualify for betting bonuses.
- Expiration period – how long is the offer valid for in your account. If there are no events during the period you have the bonus, you are put in an unfavorable position, forced to make bets that might be difficult to win.
Conclusion
Betting bonuses can be a powerful tool for new and experienced bettors. They can fill the gap created by higher margins or off-set the risk associated with more unpredictable betting markets. We recommend you use them whenever possible and whenever advantageous to you specifically. Not all betting bonuses are meant to make a profit.
FAQs
You can claim welcome or sign-up bonuses, deposit bonuses, free bets, no-deposit bonuses, cashback offers, and loyalty or VIP rewards. Each type of bonus offers different benefits and is designed to enhance the betting experience. However, the objective is always the same, to incentivize betting.
First, you must need to register an account with the betting site, then make a qualifying first deposit, and sometimes enter a promo code during the signup or deposit process. The details vary by site, which is why you should approach each bonus on a case by case basis.
Yes, 99% of betting bonuses come with wagering requirements, which are conditions that dictate how many times the bonus amount needs to be bet before winnings can be withdrawn. The requirements vary between 5x bonus and go up to 40x bonus.
Yes, but only once you compelte the associated wagering requirement. Once these conditions are met, bonus funds become withdrawable. In very rare cases, bettors can’t withdraw any winnings that derive from bonuses. However, this is limited to no deposit bonuses, usually.
A no-deposit bonus is a promotion where bettors receive a bonus for signing up or participating in a promotion without the need to make a deposit. These are less common and typically offer smaller bonus amounts. They have become extinct and are not available in Canada.
Some bonuses may be restricted to certain sports or events, while others can be used more broadly. Betting sites have in recent times become more transparent and clearly advertise if a specific sport is available only.
All Canadian betting sites offer welcome bonuses, but they also have ongoing promotions which you can take advantage of on a weekly or monthly basis. There are some that are event specific, which you take advantage of during the limited period before or during the event.
