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Bet $10, Get $50 in Bonus Bets
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First Bet Safety Net - Up to $1,000
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Bet365 Ontario 2026 - Bet $10 Get $50 or $1,000 Safety Net



If you live in Ontario and you still haven't signed up for Bet365, now is the time. The code THEKING can be used when you register, and new customers in Ontario currently get to choose between two welcome offers - a Bet $10, Get $50 in Bonus Bets deal or a First Bet Safety Net worth up to $1,000 in Bonus Bets. Two very different offers for two very different types of bettors, and I'll explain both below.

I've been recommending Bet365 on this site for years, and the reason is pretty simple - nobody does it better. The odds are consistently sharp, the app is fast and reliable, the live betting is the best in the business, and for Ontario specifically, Bet365 is fully licensed and regulated by the Alcohol and Gaming Commission of Ontario and iGaming Ontario. This isn't a grey market operator. This is as legit as it gets.

Ontario was the first province in Canada to open up a regulated online sports betting market back in April 2022, and Bet365 was one of the first sportsbooks through the door. They operate through on.bet365.ca for Ontario customers, and the experience is seamless. Everything you'd expect from Bet365 globally is right there - same interface, same depth of markets, same live streaming, same cash out features - just fully compliant with Ontario regulations.

Let me break down both offers and then get into why Bet365 is particularly well suited for Ontario sports fans.

The Two Welcome Offers - Pick the One That Fits

When you sign up at Bet365 in Ontario, you get to choose between two different welcome offers. You can only pick one, so here's what each one gives you.

Option 1 - Bet $10, Get $50 in Bonus Bets

This is the straightforward one. Deposit at least $10, place a qualifying bet of $10 or more at minimum odds of -500 (1.20 in decimal), and once it settles you get $50 in Bonus Bets regardless of whether your bet wins or loses. That's a guaranteed $50 in Bonus Bets just for placing a $10 wager. The Bonus Bets land in your account and can be used on any sport. They expire after 7 days, so use them or lose them.

This is the offer I'd recommend for casual bettors, people testing the waters, or anyone who wants a guaranteed return on a small initial bet. You're getting 5x your qualifying bet back in Bonus Bets no matter what happens. Hard to argue with that.

Option 2 - First Bet Safety Net Up to $1,000

This one is for the bigger bettors. Make your first deposit and place your first bet at minimum odds of -500 (1.20 decimal). If your bet loses, Bet365 gives you back the stake as Bonus Bets up to $1,000. If your bet wins, you keep the winnings and the Safety Net doesn't activate.

Think of it as insurance on your first wager. If you're the type who wants to come in swinging with a $500 or $1,000 first bet on something you feel strongly about, the Safety Net means you're not risking total wipeout on day one. The catch is that if your bet wins, you don't get any additional Bonus Bets - so there's no guaranteed bonus like Option 1.

For experienced bettors who are going to deposit significant money anyway, this is the better play. For everyone else, Option 1 is probably the smarter choice.

How to Sign Up

The whole process takes a few minutes. Go to Bet365 through the link on this page, click Join, and fill in your details. Enter the code THEKING when prompted. You'll need to verify your identity - this is standard for all regulated Ontario sportsbooks under AGCO rules. Deposit at least $10 using Interac, debit card, Apple Pay, or one of the other payment methods available. Choose which offer you want, place your qualifying bet, and you're all set.

One thing worth noting - if you have an existing Bet365 account from another province, you can't use it in Ontario. Ontario operates under its own regulated system, so you'll need to create a new Ontario-specific account through on.bet365.ca. This is a regulatory requirement, not a Bet365 quirk.

What Ontario Sports Fans Can Bet On

This is where it gets good. Ontario is the sports capital of Canada, and Bet365 covers every single thing that matters here.

The Toronto Maple Leafs are the heartbeat of Ontario hockey. Love them or hate them, no team in Canada generates more betting action than the Leafs. No team in Canada generates more betting interest, and every Leafs game on Bet365 comes with a massive range of markets - moneyline, puck line, totals, period betting, player props for goals, assists, shots on goal, saves, and plenty more. When the playoffs arrive, the depth of markets gets even crazier. And if you're in Ottawa or anywhere in Eastern Ontario, the Ottawa Senators give you another NHL team to follow and bet on.

The Toronto Raptors are Canada's only NBA team, and they draw massive betting interest from across the province. The NBA betting markets on Bet365 are excellent - game lines, player props, quarter and half betting, live in-play markets that update in real time. If you're watching a Raptors game at Scotiabank Arena or on TSN and you see the momentum shifting, the live betting lets you act on it instantly.

Toronto FC competes in MLS, and Bet365 is one of the strongest platforms for MLS betting anywhere. Match result, both teams to score, Asian handicaps, goal totals, player props - the full range of markets is there. Soccer is growing fast in Ontario and MLS betting is growing even faster.

The Toronto Argonauts are a fixture of the CFL, and Bet365 actually covers the CFL properly. A lot of international sportsbooks don't bother with the Canadian Football League, but Bet365 offers a real range of markets beyond just the moneyline. If you're a CFL bettor, that matters.

Now here's the big one. The 2026 FIFA World Cup is coming to North America this summer, and Toronto is one of the host cities. This is not a drill. World Cup matches are going to be played in Toronto. The entire province is going to be buzzing for weeks. Canada qualified as co-hosts and there's a genuine belief that this team can make some noise on home soil. Bet365's World Cup coverage is going to be the most comprehensive you'll find anywhere - tournament winner, group betting, top scorer, exact scores, match props, in-play betting on every single game, and the kind of market depth that only a global operator with decades of World Cup experience can offer. If you're going to have a sportsbook account for the World Cup, make it Bet365.

Beyond the Toronto teams, Bet365 covers everything else Ontario fans care about - the NHL playoffs, the NBA Finals, the Canadian Open tennis (held in Toronto or Montreal depending on the year), UFC events that regularly come through Toronto, Premier League soccer, Champions League, boxing, golf majors, F1, and literally hundreds of other sports and leagues from around the world. Whatever you want to bet on, Bet365 has it.

Why Bet365 Specifically for Ontario

Ontario has no shortage of legal sportsbooks since the market opened in 2022. You've got options. So why Bet365?

The odds are consistently among the best in the Ontario market. This isn't marketing talk - if you compare lines across the licensed Ontario sportsbooks on any given NHL or NBA game, Bet365 is routinely at or near the top. Over the course of a season, those small differences in odds add up to real money.

The live betting is where Bet365 genuinely separates itself from the competition. The speed of the odds updates, the range of in-play markets, the reliability of the interface during high-traffic moments - nobody in Ontario does it better. If you bet live on hockey or basketball, this is the platform.

Bet365 also streams a huge amount of live sports directly through the app. You need a funded account or to have placed a bet in the last 24 hours, but once you're set up, you can watch games across multiple sports without needing a cable subscription. For soccer fans especially, the live streaming coverage is outstanding.

And because Bet365 is fully regulated in Ontario, you get all the consumer protections that come with it - responsible gambling tools, deposit limits, self-exclusion options, and the peace of mind that your money is held in compliance with provincial regulations. This is a tier one operator playing by Ontario's rules.

Ontario Gambling - Tax Free

One of the best things about betting in Ontario - and Canada in general - is that gambling winnings are not taxed. The Canadian government does not treat gambling proceeds as income, so whatever you win on Bet365 is yours to keep. No reporting requirements, no withholding, no headaches. This is a massive advantage over bettors in the United States, where sports betting winnings are subject to both federal and state taxes.

Summary

Use the bonus code THEKING when you sign up at Bet365. New customers in Ontario get to choose between Bet $10, Get $50 in Bonus Bets or a First Bet Safety Net worth up to $1,000 in Bonus Bets. The minimum deposit is $10, qualifying bets need minimum odds of -500, and Bonus Bets expire after 7 days. Bet365 is fully licensed and regulated by AGCO and iGaming Ontario, covers everything from the Maple Leafs to the World Cup, and the signup process takes a few minutes.

Sign Up at Bet365 with the Code THEKING!

Available to new customers only. A deposit (minimum $10) is required to participate in this offer. You must claim offer within 30 days of registering. Once released, your Bonus Bets will be held in your account balance and are non-withdrawable. Bonus Bets expire 7 days after being credited. Qualifying bets must settle within 30 days. Minimum odds -500 (1.20). T&Cs apply. 19+. The bonus code THEKING can be used during registration, but does not change the offer amount in any way.

Please gamble responsibly. Betting should be enjoyable and never seen as a way to make money. Only bet what you can afford to lose. If you feel that gambling is becoming a problem, help is available. Visit ConnexOntario or call 1-866-531-2600. 19+ only.