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Best Betting Welcome Bonuses

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Searching for the best welcome bonuses but don’t know where to start? Look no further. We’ve selected the best sports betting sites with generous welcome bonuses and sign up offers, to help you give your betting budget an extra boost.
By Daniel Bennett Updated
Accepts Players in CA Accepts Players in CA
Expertly Reviewed Expertly Reviewed
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Betting SITE Score NEW CUSTOMER OFFER Expert Review GO TO SITE & SIGN UP Terms
1.
74%
2 Risk Free Bets Up to $2000

Reviewed & verified by our team

"Pointsbet is home to a bunch of parlay specials - same game parlays, in-play parlays and parlay booster. Plus, no rollover requirements on free bets."
Sign Up
New Customer Offer Get up to a $500 Refund (in Free Bets) if your 1st Fixed Odds Bet loses and up to a $1,500 Refund (in Free Bets) if your first PointsBetting Wager loses!. New Customers Only! Use Code - WELCOME - to take advantage! 18+. Full T&Cs apply. Please gamble responsibly.
2.
70%
$1000 matched deposit + 5% cashback

Reviewed & verified by our team

"With easy-to-use navigation and the most intuitive layout, placing a bet, depositing and withdrawing your winnings has never been easier"
Sign Up
New Customer Offer The “Bonus” is valued at 100% of the Qualifying Deposit amount, up to a maximum Bonus amount of $1,000. The Bonus will unlock into cash at a rate of 5% (“Cashback Rate”) of the wagered amount on cash bets at greater than -300 odds. Participants will have 60 days from the date they receive the Bonus (“Cashback Period”) to unlock the Bonus balance into cash by placing cash bets 18+. Full T&Cs apply. Please gamble responsibly.
3. Draftkings Ontario
81%
Get Up To $1000 Bonus

Reviewed & verified by our team

"With pools, you can bet on anything from football games to your favorite show. Keep an eye out for special promotions, including free bets, odds boosts and more."
New Customer Offer A customer's first deposit (min. $5) qualifies the user to receive up to $1,000 in bonus funds in the form of site credits that can only be used on DraftKings. Bonus amount is equal to 20% of that deposit amount, not to exceed $1,000 (the customer must deposit $5,000 to be eligible to receive the maximum possible bonus amount of $1,000). Bonus funds will be awarded to the user according to the following play-through requirement: for every $25 played on DraftKings in DFS/Sportsbook/Casino, the user will receive $1 in bonus funds released into their customer account 18+. Full T&Cs apply. Please gamble responsibly.
4. Fanduel Ontario
93%
$1000 risk free bet

Reviewed & verified by our team

"Bet with Fan Duel for some of the best promos available online - you can place same game parlays, and take part in weekly competitions like NFL Gridiron Pick'em"
Sign Up
New Customer Offer Sign up for FanDuel Sportsbook. Make your first deposit (minimum $10). Place your first bet in the Super Bowl Enhanced Odds market on the homepage. Winnings paid in CASH! 18+. Full T&Cs apply. Please gamble responsibly.

With so many sports betting sites out there, the industry is super competitive. This means sites are battling it out in a bid to gain new customers, and welcome bonuses are one of the prime tactics used for this. This is great news for bettors, as it means there are heaps of great deals just waiting to be taken advantage of. Whether you want to bet on soccer, boxing or Formula 1, there’s a welcome bonus out there for you. But with such a vast choice, knowing which welcome bonus or sign up offer is right for you can be a little confusing. To help you out, we’ve got the rundown on everything you need to know about new customer offers at sports betting sites.

Types of welcome bonus

There are several different types of welcome bonuses on offer across the sports betting world, each offering you a different way to bet and win big on the house. Want to know which new customer deal is best for you? We’ve covered the most popular welcome bonuses at online sportsbooks.

Free bets

Free bets are one of the most common welcome offers and can be a great deal for new gamblers. To claim yours, you’ll usually need to make a minimum deposit or make a bet of a specified value. The value of bonus bets will depend on your choice of betting site, but they usually range from $10 to $50. While some sites will give you a single bet worth the stated value, others split the value across separate, smaller bets.

Deposit bonuses

Deposit bonuses see sports betting sites reward new players for making their first deposit. This reward comes in the form bonus funds equal to a percentage of the initial deposit, which can be used to bet on your favourite sports and can range from 25% to as much as 200% at some sports betting sites. Deposit bonuses usually have a limit, such as ‘up to $50’, so be sure to keep an eye out if you’re a big spender.

Some sports betting sites offer similar rewards in the form of a matched bet. This means you’ll receive bonus cash equal to a percentage of your first bet.

Enhanced odds

This bonus is great for all kinds of bettors – you can use it on a relatively safe bet to give you a decent chance of winning an increased payout, or you could go for a bet that already has pretty long odds and try to get a huge payout.

What to consider when choosing your welcome bonus

Welcome bonuses are a great way to boost your bankroll, but it’s important that you understand exactly what you’re signing up to before claiming yours. You should always check the terms and conditions to make sure you’re getting the best deal on the market. Here are the key factors to consider before you sign up to a sports betting welcome bonus.

Qualifying requirements

Most sign up offers and welcome bonuses come with conditions you’ll need to meet to qualify for the reward. This usually involves making a minimum deposit or placing a bet of a certain value. These values will vary for each bonus, so be sure to check in the terms and conditions.

Minimum odds

Many sports betting welcome bonuses are subject to minimum odds, and the qualifying bet you make to claim the bonus may also be affected by these. These odds requirements could mean you won’t necessarily be able to bet on your preferred market with your bonus funds, so it’s best to read the terms and conditions before you sign up.

Wagering requirements

Some signup bonuses have wagering requirements, which determine how much you’ll need to wager before you can withdraw any bonus winnings. Wagering requirements on sports betting bonuses tend to be lower than casino bonuses, and some betting bonuses have no wagering requirements. However, it’s important to understand these in case they do come up.

Time limits

Your new customer bonus won’t be available forever, so be sure to strike while the iron is hot. Not only will you need to meet the wagering requirements, but you’ll also usually have to do so within a specified time period. This time period can range from a matter of hours to as many as 30 days and more, so be sure to check before you sign up.

Market restrictions

Some bonus bets are only available to use on certain markets, such as outright win or in-play. You may also find that you’ll be restricted in terms of the sports you can bet on with your bonus funds.

How to claim your sports betting welcome bonus

  1. Browse and compare
    First things first, you need to check out what bonuses are on offer at each sports betting site. With so many sites to choose from, narrowing down the list can be tricky. Our hand-picked list of the top betting sites with the best welcome bonuses makes it easier to compare each bookmaker and select the best welcome bonus for you. Don’t forget to consider market depth, mobile compatibility and the odds at each site!
  2. Understand the terms and conditions
    It’s important to read the small print before you claim your signup bonus so that you understand exactly what you’re signing up to – the biggest numbers aren’t always the best deals. Make sure you understand everything from qualifying requirements, to wagering requirements and withdrawal limits before you sign up.
  3. Sign up
    You’ll need to create an account before you can claim your sports betting welcome bonus. This should only take a few minutes. Don’t forget to enter your welcome bonus promo code and opt-in to the welcome bonus at this stage.
  4. Deposit and claim your bonus
    Unless you’ve claimed a no deposit welcome bonus, you’ll need to deposit to claim your bonus and start betting. Head to the cashier, choose your preferred payment method and confirm your deposit amount. The best sportsbooks process most deposits instantly, so you can start betting right away.
  5. Bet
    With your deposit and bonus funds in your account, you’re ready to make your wagers. Good luck!

Compare and bet

Now you’ve had a taste of the sports betting bonuses on offer, you’re probably keen to find your perfect bonus deal and start betting. Whether you’re in search of free bets or deposit match deals, there are plenty of opportunities to claim some bonus funds. Not sure where to start? Check out our list of the top online sportsbooks with the best welcome bonuses to find a favourite. All you need to do is compare, pick a top site and sign up to start betting.

Can I claim a welcome bonus as an exisiting customer?

No. Sports betting welcome bonuses are exclusive to new customers- but this doesn’t mean existing customers need to miss out. Sports betting sites are always releasing promotions to reward existing customers and to keep them coming back for more.

The people behind this page

Compare.bet's online gambling content experts helped write, edit and check the content on this page:

Daniel is the editor-in-chief at Compare.bet. He has half a decade of experience writing on topics including sports betting, online casino and the NBA. Daniel also covers Premier League football for The Warm-Up and has interviewed Louis Saha, Richard Dunne and Gary Pallister. In his spare time, Daniel enjoys film photography and making Spotify playlists.