Free Bets Canada 2024
If you are looking for free bets in Canada, then you have come to the right place. On this page you will find everything that you need to know about free bet offers – what they are, how they work, and most importantly where to find them. All the information here applies to sportsbooks operating in the Canadian market. Choose from one of the free bet sites that we recommend, and you can be sure that your money is safe and protected. We only review and endorse sites that have all the necessary licensing and safety credentials, so you can find your perfect free sport bet with peace of mind.
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How do Free Bets Work?
Canadian betting sites usually offer free bets to new customers, as a way to encourage people to sign up at their site. It’s a competitive market, so every bookie needs to do what it can to stand out from the crowd. As a result, there are some very tempting offers out there. But what exactly is meant by a free bet? Most of them fall into one of two categories: free bet and risk-free bet.
Free Bet
Deposit some money in your new betting account, and you will be given a free sports bet. If the bet loses, then you have not lost any of your own cash. If it wins, then you can keep the winnings, but not the value of the wager. So, for example, if you wager $10 and win $40, then you will receive the winnings minus the original $10 – so $30. This is entirely fair, since the original wager money was provided for free by the sportsbook.
Risk-Free Bet
In this case, the first bet at a new site is placed using your own deposited cash. If the bet wins, you get your winnings plus original wager back as usual. If it loses, then the bookmaker will return the value of the original wager to your account – so you have not lost anything. Be aware that these bets are not always 100% risk-free, despite the name. The bookie may place restrictions on the returned wager, so never bet more than you can reasonably afford to lose.
Why Pick a Free Bet?
This, in brief, is what is meant by a free bet. As always, there is a bit more to it than just that, so stay here to find out more. Free bookie bets may sound too good to be true, but we are here to tell you that they are not. In fact, although they come with a few conditions, free bets are some of the most valuable and generous offers in the world of online gambling. Stay right here to find out why, and where to get your hands on one. Scroll to the bottom of the page for our quick FAQ section.
How to Find Free Bets for New Customers
The majority of free online bets are available exclusively to brand new customers at a sportsbook. If you want to find a free bet when signing up, then all you need to do is follow these simple steps:
- Choose a deal from our list of trusted Canadian sportsbook sites.
This is the most important step, because it is vital that you choose a site that is safe and licensed. We only recommend sportsbooks that have top credentials, so when you choose from our collection you know that you are putting your trust in a legit operator. In a market like Canada, where there is minimal local regulation for online sports betting, this is of utmost importance. All the sportsbooks on this page have a current free bet offer. - Sign up at the betting site of your choice.
When you have made your choice, simply follow the on-site instructions to create a new account. You will need to provide details such as name, address, and contact details. Make sure that these are all correct and up to date, as you will be asked to verify your identity at a later date. It is recommended to take this extra step as soon as possible, as you will avoid any payout delays in the future. - Make a deposit.
In order to qualify for a free bet, you will usually have to make a minimum deposit – the amount should be clearly stated in the bonus terms. - Claim and use your free bet.
Make sure you read all the terms and conditions that come with the free bet, in order to avoid misunderstandings or disappointment.
Free Bet Offers for Existing Customers
A free bet on sign up isn’t the only time that you can find this kind of offer, although it is the most common. Some other ways that sites use free bets are to encourage dormant players to start using their account again, as a regular reload bonus, or as a promotion for a specific sporting event.
When Are Free Bets Available?
It is always worth keeping an eye on the offers at your favourite sports betting site, especially when there are big events happening. Free bets may be available for the opening and closing games of a league, or for high-profile clashes between notorious rivals. Sometimes these are qualifying free bets, where you must place a wager on a certain match and then you will receive a free bet to place on another specified match.
Conditions of Free Betting
Like any type of online gambling promotional offer, free bookie bets come with a few strings attached. This does not mean that they are a waste of time – far from it! But to make the most of a free sports bet, it is best to be aware of all the conditions. Here are a few of the typical restrictions that you will find on free bet offers.
Time Limits
You will have a window of time to use your free bet, and if you miss it then it will be void. Sometimes this is around a week, but it is often as short as 24 hours. Make sure that you are ready to place a wager and have a fair idea of how you want to use the bet. We recommend looking around the site and the various betting markets, and decide how to use the free bet before you activate it. This way, you will avoid making a last-minute decision that may not be the best one. The clock should start ticking from the moment that you make your first deposit.
Minimum Deposit or Qualifying Bet
Almost every free bet is tied to a deposit, meaning that you must put some of your own money into your sportsbook account to activate the offer. One of the conditions is a minimum deposit, which may be more than the regular minimum for that site. As an example, the terms may be that to claim a free bet of $10, you must first deposit $20 into your account.
Rather than a minimum deposit, some sites ask for a qualifying bet. This means that the free bet is activated only after you have made an initial real money bet of a minimum amount. Very rarely you may find a site that offers no deposit free bets, but these are usually for very small amounts of money.
Minimum Odds
Another very common restriction on a free sports bet is the minimum odds. Most often, sites will not allow a free bet to be used on odds that are less than even money. This means that outcomes considered to be a ‘sure thing’ are sure to be exempt from these offers. In our opinion, this is not really a disadvantage at all. Since the bet is free, it makes sense to use it on a riskier bet with a higher potential return. Use your sporting know-how to find a bet with long odds, but that you think still stands a reasonable chance of coming through.
Single Event vs Parlay
Many free online bets are for single events only, which is possible because the sportsbooks are based off shore and therefore support that type of bet. If you are more used to making parlay bets, then this may come as a surprise. Check whether the free bet can be used for multiples before you start building your bet, or your careful selection efforts will be wasted.
‘Risk-Free’ Betting Conditions
If you have found a so-called ‘risk-free’ bet, beware of the conditions. We looked at risk-free bets above – place an eligible wager and your stake will be returned to you should you lose. That is not always the full story, as the value of the stake may be returned not as cash but as a free bet. This means that you get a second chance to win, but the money is not available to cash out until you have wagered it this second time. Do not be caught out by this offer and make an extravagantly large wager on extremely long odds, as you may very well still end up out of pocket.
Free Bets Cannot be Cashed Out
It should be self-evident that a free bet can only be used for its intended purpose. You cannot decide to exchange the value of the bet for cash. This is to prevent the site from losing too much money.
How to Use Your Free Sport Bet
Free bet offers are great value, and come with very reasonable conditions. You may know exactly how you wish to use it, but if you are wondering how you can make the most of it then we have some suggestions. Follow our advice and you may be in for a pleasant surprise. Here are a couple of tactics that can help your free bet work for you.
- Go big.
Free bets are a fantastic opportunity to make a high-risk, high-reward wager. Some examples of this are betting on the underdog team or trying to predict the exact score in a match. The great thing about a free bet is that you have nothing to lose! A word of warning – do not use this approach for a ‘risk-free’ bet, because if you lose you may not get the wager amount back as cash. - Hedge your bets.
Another good strategy is hedging, where you combine your free bet with a real money wager. Pick an event and a single outcome – say Team A to win. Bet on Team A winning, using your own money, and use the free bet for Team B to win. No matter what the result, you will receive some winnings. Take the odds into consideration, and remember that the stake is not returned on a winning free bet.
Whichever of these routes you choose for your free bet, you should be happy with the outcome. Free bets are a great way to have a bit of low-risk fun when you open a new sportsbook account.
Our Free Bet Promise
Sports betting in Canada is still a legal grey area. Private online sportsbooks are all based overseas, so they fall outside of Canadian jurisdiction. Sports fans in Canada love to use these sites, because they provide many more betting options than official provincial sports betting sites. Canadians are also completely free to do so under the law. However, since offshore sites are not regulated by the authorities here, there is a potential for rogue operators.
We Only List Safe Betting Sites
Our promise to you is this: all the free bet sites you find on our pages are safe to use. We thoroughly check and evaluate every sportsbook operating in Canada, and sift out the bad to leave only the best. That is why, when you find a sports betting site on these pages, you know that you are in safe hands.
Check our Free Bet Offers
Take some time to have a look through the free bet offers on this page. Every site that you find listed here has some type of active free bet promotion, for new or existing customers. And they are all licensed under a reputable gambling regulatory authority.
Free Bet Canada – FAQs
- What is the difference between a free bet and a deposit bonus?
A free bet is usually a fixed value to be wagered on one outcome, and you can keep any resultant winnings – minus the stake. A deposit bonus matches your deposited cash in bonus money, and can be used to place bets. Winnings from a deposit match bonus are usually subject to wagering requirements.
- Can I win real money from a free bet?
Yes! In fact, free bets are one of the best bonus offers to be found when gambling online. If you win your bet, then the winnings will be credited to your account as cash. Unlike a regular bet, the original stake – i.e. the value of the free bet – will not be included in the winnings.
- Can I split my free bet?
Most free bets must be used in one go. For example, a free bet worth $20 cannot be broken down into four separate bets of $5 each or anything similar. Exceptions exist, so check the terms to make sure.
- Is a free bet the same as a risk-free bet?
No. A free bet is bonus money given to you by the sports betting site for the purpose of wagering on an event. A risk-free bet uses your own money, but the site will return your stake if you lose. Despite the name, a risk-free bet actually carries more risk than a free bet. This is because the stake is often returned only as a second chance to win, and not as cash.
- Is sports betting legal in Canada?
Betting at online sportsbooks based overseas is legal, although you are not protected under Canadian law should something go wrong. That is why it is so important to choose only a safe and legit site from the ones listed here.