Overview of LeoVegas Bonuses and Promotional Offers
LeoVegas Sportsbook offers bettors in Canada a couple of bonuses and daily specials, which change every 24 hours. Here are the bonuses you will find at LeoVegas:
- 1x Welcome Bonus
- 1x MultiBet Bonus (Parlay Bonus)
- 3x Daily Specials
We have researched each bonus and promotional offer at LeoVegas to give you the facts, terms, and pros and cons of each offer.
LeoVegas is an offshore sportsbook based in Sweden and Malta. In Ontario, LeoVegas is regulated by iGaming Ontario (iGO) and AGCO. Outside of Ontario, LeoVegas is not regulated by federal, or provincial/territorial authorities in Canada. This review is provided for informational purposes only and should not be considered as an endorsement or recommendation to use the platform. Canadian bettors are advised to exercise caution and gamble responsibly.
About LeoVegas' Welcome Bonus
Bonus Overview
- Offer: Receive $50 in Bonus Bets (two bonus bets of $25 each) when you place a qualifying $25 bet on any market.
- How to Claim:
- Sign Up: Open and verify a new LeoVegas account.
- Opt-In: Select the Sports Welcome Offer via the 'Promotions' page within 7 days of registration.
- Place a Bet: Wager a minimum of $25 (or $25 each way for each-way bet) on any pre-match or live market.
- Bonus Bets Credited: Once your bet settles, your two $25 Free Bets are credited; they must be used within 7 days.
Key Terms & Conditions:
- Eligibility:
- Only available to new players registering from April 11, 2024, onward.
- You must have never played on LeoVegas before and must opt into the offer.
- Qualifying Bet Requirements:
- Minimum stake is $25 (each-way bets require $25 each-way).
- The bet must have combined odds of at least 1.8.
- It must be placed within 24 hours of making a deposit and settled within 7 days after claiming the offer.
- Voided, cashed-out, or partially cashed-out bets, as well as system bets, do not qualify.
- Bonus Bet Usage:
- Bonus Bets must be used on Bet Builders (single-game parlays) with a minimum of three selections and minimum odds of 1.80.
- They must be used in one go (the full free bet stake is applied) and cannot be combined with other offers.
- The free bet stake is not returned with winnings, but all winnings are credited as cash.
- Currency Considerations:
- If you deposit in a currency different from the market’s base currency, exchange rate fluctuations and possible conversion fees may apply.
- General Conditions:
- The offer is subject to LeoVegas’ General Sports Promotional Offer Terms, Free Bet Terms & Conditions, and General Terms and Conditions.
- Promotional offers are time-sensitive and intended for recreational play only.
LeoVegas is an offshore sportsbook based in Sweden and Malta. In Ontario, LeoVegas is regulated by iGaming Ontario (iGO) and AGCO. Outside of Ontario, LeoVegas is not regulated by federal, or provincial/territorial authorities in Canada. This review is provided for informational purposes only and should not be considered as an endorsement or recommendation to use the platform. Canadian bettors are advised to exercise caution and gamble responsibly.
Details on LeoVegas' Parlay Bonus
Bonus Overview
- Offer: Receive up to an extra 50% profit boost on your weekly parlay bets—potentially increasing your winnings by up to $1,000.
- How to Claim:
- Log in and navigate to the "My Offers" page.
- Claim the bonus card for the Profit Boost promotion.
- Add qualifying selections to your bet slip (maximum stake of $25, with each selection at minimum odds of 1.30).
- Select the Profit Boost option from the 'Rewards' drop-down and place your bet.
- Repeat each week—this offer refreshes weekly.
Key Terms & Conditions:
- Eligibility & Timing:
- The promotion runs weekly from Monday, 8th January 2024, to Sunday, 28th December 2025.
- Bets must be placed on pre-match markets only and are subject to weekly expiration (by Sunday 17:59 EST, with adjustments when time zones change).
- Stake & Odds Requirements:
- The maximum stake per bet is $25.
- Each selection must have a minimum odds of 1.30.
- Profit Boost Structure:
- The boost increases with the number of legs in your parlay:
- Doubles: 5%
- Trebles: 10%
- 4 Folds: 15%
- 5 Folds: 20%
- 6 Folds: 25%
- 7 Folds: 30%
- 8 Folds: 35%
- 9 Folds: 40%
- 10 Folds+: 50%
- The maximum boost payout is capped at $1,000, and winnings are calculated on the net profit (excluding your original stake).
- The boost increases with the number of legs in your parlay:
- Usage Restrictions:
- The boost is available only with real cash bets and cannot be combined with free bets, bonus balances, system bets, or each-way bets.
- It must be claimed once per week, and if a bet is voided or cashed out, the Profit Boost will not be applied.
- General Requirements:
- Players must be at least 18 years old and maintain a single account.
- Communication opt-in is required to receive promotional notifications.
- LeoVegas reserves the right to modify or cancel the promotion if any terms are breached or if fraudulent activity is suspected.
What are LeoVegas Bonuses & Promotions?
LeoVegas' bonuses and promotions are unique offers designed to reward new and existing bettors of LeoVegas Sportsbook and LeoVegas Casino. It is important to understand that all of LeoVegas' bonuses and promotions come with their own set of wagering requirements and terms and conditions, which we will unpack in this guide.
Types of LeoVegas Bonuses
- Welcome Offer: For all new Canadian bettors, LeoVegas offers a first deposit bonus. The bettor must wager $25 to receive two $25 multileg (Parlay) bonus bets.
- Parlay Bonus: For existing bettors, LeoVegas has its 50% Parlay Bonus which multiplies one's potential winnings on parlay bets. The maximum amount that a bettor could receive in bonus bets is up to $1,000.
- Early Payout: Common at LeoVegas are early cash-out options on a portion or all of one's wager before the end of the game. Typically, in leagues like the NHL, NBA, NFL, MLB, or soccer matchups, these promotions give bettors a chance to cash out early, depending on specific terms. These daily offers change every 24 hours so be sure to refer to LeoVegas' promotions to get the accurate information.
Using Bonuses Responsibly
Always Practice Responsible Gambling
Using bonus offers responsibly is essential to maintaining a healthy gambling experience—whether you're using the LeoVegas Welcome Bonus, the 50% Parlay Bonus. or one of its daily specials. Follow these guidelines to ensure your bonus usage remains measured and controlled:
Set Personal Limits
Your sports betting budget should be between 1-5% of your household's disposable income. That means if your disposable income is $1,000, your budget would be between $10-$50 per month.
Understand the Risks
Bonuses, such as those offering LeoVegas bonus bets, can encourage higher wagering than intended. Remember that stringent wagering requirements will significantly increase your betting volume.
Read the Fine Print
Always review the terms and conditions attached to every LeoVegas bonus, deposit bonus, or exclusive LeoVegas promo code. Research the wagering requirements, restrictions on casino games (including slot games and table games), and any other limitations on sportsbook and casino games play.
Use Bonuses with Caution
Bonus offers—whether they're No Deposit bonuses, Daily Loyalty bonuses, or Bonus Drop codes—are meant to keep you wagering. For many bettors, this develops impulsive betting, especially chasing losses.
Leverage Responsible Gambling Tools
Utilize LeoVegas' responsible gambling features—such as setting deposit limits, self-exclusion options, and reality checks. These tools help you monitor your spending on bonus offers, promo codes, and LeoVegas bonus opportunities, whether you're playing social casino games or engaging in sweepstakes casino events.
Avoid Chasing Losses at All Costs
If you face a losing streak, do not use bonuses (like LeoVegas gold coins, bonus bets, or free gold coins) to try and recover losses. This approach can lead to further financial risk and increased stress. Stick to your pre-set limits and betting strategy.
Stay Informed
Educate yourself about the potential risks of high wagering requirements and excessive betting. Read up on real user reviews on LeoVegas Sportsbook to get an idea of what to expect with this Maltese-licensed sportsbook and its bonuses.
Choosing the Right Games
When it comes to sports betting, selecting straightforward wagers is essential. Focus on single-game bets—such as moneyline, point spread, or Totals (Over/Under)—that offer clear odds and lower risk. These simple bets help protect your LeoVegas cash and keep the overall house edge (Vig) to a minimum. Avoid complex wagers like parlays, as they combine multiple outcomes and compound the house edge, increasing risk considerably.
LeoVegas Payment Methods
LeoVegas Sportsbook offers Canadian Bettors secure deposits and withdrawals. Deposits can be made into your LeoVegas account using traditional methods—credit/debit cards, bank transfers, and e-wallets, among others.
Here is the full list of LeoVegas' Sportsbook payment and withdrawal options:
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FAQs on LeoVegas and its Bonuses
Welcome Bonus
What is the Welcome Bonus?
The Welcome Bonus offers new users a free bets promotion. When you place a $25 sports bet on your first deposit, you receive $50 in bonus bets—specifically, two bonus bets of $25 each that must be placed as a multi-leg (minimum three-leg) parlay.
Are there any restrictions on the Welcome Bonus?
Yes. This bonus applies exclusively to sports betting and does not extend to the casino or live casino sections. The offer is available through both the LeoVegas mobile app and the online platform. The minimum odds for this bonus are a minimum of 1.80 combined on the bonus bets.
50% Parlay Bonus
What does the 50% Parlay Bonus offer?
The 50% Parlay Bonus provides an additional profit boost on your parlay bets, up to a maximum bonus of $1000. The bonus percentage increases with the number of legs in your parlay bet.
How is the bonus percentage determined?
The bonus percentage is applied as follows:
- 2-leg parlays (doubles): 5% profit boost
- 3-leg parlays (trebles): 10% profit boost
- 4-leg parlays: 15% profit boost
- 5-leg parlays: 20% profit boost
- 6-leg parlays: 25% profit boost
- 7-leg parlays: 30% profit boost
- 8-leg parlays: 35% profit boost
- 9-leg parlays: 40% profit boost
- Parlays with 10 or more legs: 50% profit boost
Does the 50% Parlay Bonus apply to all bets?
No. This bonus is focused solely on sports betting and covers both in-play and pre-match markets on major sporting events.
Daily Specials
What are Daily Specials?
Daily Specials are time-sensitive promotions that change every 24 hours. They provide additional bonus opportunities on selected bets.
How can I learn about the current Daily Specials?
Details for Daily Specials are updated daily on the LeoVegas platform. It is recommended to check the promotions page regularly for the most accurate terms, conditions, and bonus details.