Types of Canadian Sports Betting Promotions

If you are considering signing up for the Sportsbooks, you must check the different Welcome offers presented to new players for signing up for online sportsbooks in Canada.

Although all the sportsbooks are generous and plan to put the bettor ahead of the game from the start, it’s critical to understand what each offer entails and how they differ. Following are some types of offers that sportsbooks provide to their users.

1. Sportsbook Free Bet

The sportsbook free bet is the reward they provide to new players without investment. 

Simply put, a no-deposit offer is given to you upon signing up without putting any money in. These are common when a new market opens and are usually included as part of a welcome package that may include a deposit match.

For example, signing up on DraftKings will provide a $50 free bet and a 20 % deposit match.. 

2. Bet insurance and risk-free bets

Risk-free bets mainly focus on your first wager and are the most common offer. If you lose the first bet after the signing-up and depositing process, sportsbooks will offer a refund of a certain amount. But if you win, it will be your profit. 

Sportsbooks not only provide signup bonuses but also benefit users by providing other sportsbook offers. Sportsbooks provide promotions and other extras to make the bettors’ wagering experience more pleasing. Following are the offers that sportsbook provides to make their users happy.

Profit Boosts

In profit Boost, sportsbooks enhance the betting odds to improve your chances of winning. 

Odds boosts are usually done as part of a specific sport or game betting promotion. 

Parlay Insurance

In parlay insurance, if you win all parlays except one, the sportsbook will return your initial wager to a specific payment. 

Reload Match, referral Offers, and sportsbook Rewards are also involved in these offers. 

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