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Online Sports Betting
Here at Canada, we are incredibly passionate about sports betting, and our aim is to help punters find the best bookmakers and welcome bonuses. Regardless of your favourite sports, we’ll aim to steer you in the right direction
Sports betting is one of the most popular pastimes at the moment. Canadian players have a wide choice of different online sportsbooks to choose from in today’s market, which has helped to make online sports betting a rapid-growth industry.
Our team has put together the most comprehensive guide to Canadian sports wagering below. Discover everything you’ll ever need to know, including what is and isn’t allowed with Canadian sportsbooks.
Is it safe to bet online?
This is a question that gets asked quite a lot. Many people still have a fear of using the internet in any form. However, in the modern world, it’s quite simple to understand that the internet is not the Wild West it may have been in its early days.
Modern innovations have made using the internet safer than it has ever been. In fact, most sites that offer sports betting in Canada and Canadian banks will work together to make sure that you don’t lose out financially if you become a victim of fraud.
Another aspect that has to be taken into account is by using legitimate sites. Because there are certain laws in place, depending on the territory where you reside, some sites are not fully regulated to offer sports betting in Canada. If you are going to engage in sports betting, it’s crucial that you choose a site that is legitimate and regulated by an official regulatory body.
Major sports in Canada
The major sports in Canada are quite similar to the major sports in the USA. There is one big difference, through which we will cover in a moment. Here are the main sports that are popular in Canada with the most popular first leading down to the less popular options:
While the NFL is the major sport in the United States, the NHL is the biggest sport in Canada. Ice Hockey is not just the most played sport in Canada, but it’s also the most popular event for sports gambling in Canada. More people are emotionally invested in Ice Hockey in Canada than anywhere else in the world.
This is mainly because there tend to be a lot more areas where large ice rinks naturally form, which makes playing Ice Hockey accessible to anyone and everyone.
That doesn’t mean other US-centric sports aren’t popular, though. The NFL is still incredibly big in Canada, while Basketball has also grown in popularity over the past year, due in part to the success of the Raptors in the playoffs.
Baseball isn’t quite on the same level as the others, but it still has some degree of popularity. Coming up the rear is soccer. It might be the most popular sport in the world, but in Canada it’s a distant fifth. Whether that will change in years to come as more children play soccer is hard to tell, but at this moment in time, soccer just can’t compete with US sports.
Is sports betting legal in Canada?
Sports betting is legal in Canada. Depending on the province or territory you’re in, it can be carried out at dedicated brick-and-mortar sportsbooks, stores that sell betting slips, or at online sportsbooks.
The top sports betting methods differ from area to area in part due to the different rules that are in effect. There are some people who argue that the laws are regressive in relation to gambling on sports, but the Canadian authorities are currently not receptive to the idea of making any changes to the laws and regulations.
One particular law in place across all territories of Canada (and also tends to be the case around the rest of the world) is that anywhere that offers gambling services must hold a licence issued by the Canadian government.
Sports betting laws in Canada
The different provinces and territories in Canada offer slightly different betting laws when it comes to placing wagers on sports.
Betting odds and wager types
The types of wagers available to players in Canada tend to be the same as in the rest of the world.
The first type of wager is a standard Moneyline bet. This is when you place a wager on which side or individual athlete you think will win a sporting event. So, if you were wagering on the NFL, you might be given the choice between the Cowboys and the Steelers. This is a relatively standard wager and is available at most sportsbooks.
The second main type is the point spread wager. In this case, you will choose the team you want to win, but you will also choose the spread. If you were looking to back an underdog, the team might start the game with an eight-point head start. This means that, as long as they don’t lose by eight points or more, you will have won your wager. You can also wager on the favourite by giving them a negative spread. If the spread was eight points again, this would mean as long as they won by more than eight points, you would win your bet.
Next up is the over/under market. In this, you get to choose the combined points total for both teams and bet on whether it will be over or under a certain value. So, if you were to choose a hockey match, you might select over 3.5 points for your bet. If the final score was 3-1, you would win your bet. This is because the total of all goals scored in the game was over 3.5.
The final wager type is possibly the most important: a parlay bet. This is when you combine more than one bet together. For a parlay bet to win, all of the separate bets must win. It’s very important for Canadian players to know all about this wager type, as a lot of provinces and territories only allow parlay bets.
Odds Types In Canada
There are three main ways that odds can be represented by Canadian sports betting players.
The first is most commonly known as the American system, which is mostly used for Moneyline bets. On a Moneyline bet, the odds can be shown as either a positive or a negative number. So, for an NBA Moneyline wager, you might have the Raptors taking on the Warriors. The Raptors may have odds of -220, and the Warriors might have odds of +310. The negative number (-) demonstrates means you would need to wager that much in order to win $100. This means a wager of $220 would give a total payout of $320, consisting of the initial $220 wager and the $100 winnings. The positive number (+) means that you would win that amount from a $100 stake. As a result, a wager on the Warriors to win would return $410, combining both the initial $100 wager and the $310 winnings. It appears complicated to people at first, but once you know how it works, it’s actually a very simple system.
The second main type is decimal odds. These are shown as a decimal number, such as 2.30, for example. In the case of decimal odds, you just multiply your stake by the decimal number: a stake of $5 with odds of 2.30 would give a return of $11.50.
The final type is fractional odds, which are expressed as a fraction — 3/1. This is a slightly more complex way of working out your return. In this case, you would multiply your stake by the fraction before adding the answer to your original stake. For example, a wager of $5 on a 3/1 bet would give winnings of $15, plus the return of the original $5 stake for a total return of $20.
Online vs Offline Betting
Online and offline gambling are very different beasts in the real world. Both have their benefits and drawbacks when compared to each other.
So, to help you make a decision on which is best for you, we have put together a guide to what each method offers.
Much easier to place a wager no matter where you are
More bonuses and promotions on offer
Using the top sports betting sites means in-play betting is an option
It is a more social activity, so you can make friends in a bookmakers
Some local bookies will offer credit for wagers
Sports betting tips
Sports betting in Canada can be one of the most difficult things to get right. Sport’s unpredictable nature can often lead to surprising results with the potential to seriously mess up your wagers.
This is especially the case with sports betting in Canada because a lot of provinces only allow parlaying bets. As a result, it’s vital to make sure that you choose your wagers carefully. One slip-up can cause what looks like a sensible bet to come crashing down to earth with a bang.
We want to help you avoid this, so we have pooled our ideas and come up with some top tips to help you be successful when wagering on sports.
Choose your market carefully. While Moneyline bets may offer superior outright odds, the over/under market often offers better value. Check the stats first, and then choose the right over/under bet to give you the right wager.
Find the right bonus to enhance your bankroll. Here at , we have scoured the internet to find the best Canada sportsbook offers there are. If you want to give yourself a bigger bankroll, we are the right people to trust.
Don’t chase losses. Never place a wager purely to get back a previous loss. All of your bets should be chosen through research and with a clear head. It’s highly important to keep emotions out of it, so always bet with your head and not your heart.
Live and in play sports betting
In-play betting is one of the betting markets that really grabs people’s attention. Because it’s such a fast-paced market, it offers far more excitement than some others.
Players are also able to watch the events unfold and use their own judgement on the game, to decide whether an in-play bet is the smartest choice or not. For example, in an NHL match, if one team is starting to dominate and one particular player is getting lots of shots off, it might be worth placing a parlay on that player to be the next scorer and on the over market for total goals.
Whatever your thoughts on the game unfolding in front of you, you can use them to your advantage with live and in-play wagering.
Frequently asked questions are always crucial for tracking down any information that may have slipped through the cracks. That’s why we have compiled a list of what we think are the most important questions you might want to know the answers to.
Do winning payout reductions apply online?
Land-based casinos will often make a reduction if there’s something that has affected the odds during the event, but they didn’t have time to change the odds before the event began.
Most online casinos have removed this practice, especially for low-value reductions. However, if there is a high-value reduction, they may decide to carry it out at their discretion.
Do I have to pay taxes on my winnings?
There are no taxes on winnings for Canadian players, as the taxes are levied on the sportsbook’s revenue instead. In addition to this, if you place a bet and win in a country which imposes no taxes on gambling winnings, you will be able to claim a portion of the tax you have to pay back.
Are the betting odds higher online?
The odds tend to be higher at sports betting sites. This is because there are fewer costs involved online: businesses don’t need to consider such factors as premises and employees, which means they don’t build up as many expenses. This allows an online sportsbook to offer better odds in return.
On top of this, the odds at an online betting shop tend to update faster and more regularly, so you will be able to take advantage of shifts in odds much swifter with an online vendor.
How old do I have to be to bet online?
It depends on the province or territory in which you live. There are 10 provinces and three territories, so the legal age can vary between them.
Whatever the legal age to gamble is where you live, you will only be able to bet online if you are of that same age. There is no difference between the age for offline betting and online betting.
How can I get a bonus or free bet online?
The best way to get a bonus or free bet online is to let us help you. Here at , we have scoured Canada for the best bonuses on the market. If you put your trust in us, you will be able to find the best bonus for you — which may help to significantly enhance your betting experience.