Choosing Legal Canadian Betting Sites
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As in many other countries, there is a large betting market in Canada with opportunities to place wagers on a huge variety of sporting events and tournaments. Placing wagers at Canada betting sites is legal, however the Canadian government has passed legislation that states that any betting site that is based in Canada is fully licensed with a Canadian gambling licence. When choosing a Canada betting site, it is important to check its licensing jurisdiction to make sure that both your financial and personal details are in safe and secure hands and that you are choosing a trustworthy and reputable provider. You will also want to make certain that you are choosing a bookie who offers Canadians an excellent customer service experience and allows the deposit and withdrawal of funds in Canadian Dollars for your convenience. This guide to choosing Canada betting sites help you to make informed choices about which bookmaker to choose.
Which Sports are Offered by Canada Betting Sites?
Canadian betting sites focus heavily on the top four North American sports, including hockey, American football, baseball and basketball. The NFL, CFL, NBA and NHL are just some of the major sports leagues on which you can bet, although the National Football League is one of the top choices with 17 weeks of games and 32 different teams to choose from. The Canadian Football League also offers 20 weeks of games for fans to bet on and the NBA is an especially prominent target for bettors. Perhaps the most popular Canadian sport to place a wager on is the National Hockey League which has a very close following in the country. Curling is another frequently chosen option during the winter months as a sport that has national importance, together with lacrosse. However there are other less popular options also available from most of the best Canadian bookies including the opportunity to bet on soccer, tennis, golf and motor racing as well as sports with an internation appeal like cricket, rugby and Aussie rules football. Horse racing is also a popular betting choice and coverage will include daily events taking place at the top Canadian race tracks along with major international horse racing events like the Kentucky Derby and the Queen’s Plate. There are comprehensive betting lines offered for all sports including point spreads, moneylines and totals for all major league games as well as Canadian lines which are offered exclusively on hockey matches. Both player and team props allow Canadian bettors to wager on a wide range of aspects in all their favourite sports and there is also the option for future betting to wager on the long term outcome of the playoffs or the sports season.
Deposit and Withdrawal Methods at Canadian betting Sites
Choosing a Canadian betting site is one of the best ways to ensure that the Canadian Dollar is an accepted form of currency. This means that you will not have the time consuming hassle of converting monetary sums of losing profit through expensive foreign exchange transactions. Most Canadians prefer to use their credit or debit cards to fund their betting accounts. This is a quick and reliable method that is hassle free and allows for instant deposits to be made. Visa and Mastercard are the two most popular brands of credit card that will be accepted although pre-paid cards like Enteropay are also frequently accepted by the best Canadian betting sites. Bank transfers, iDebit or Interac e-transfers are also commonly chosen methods of depositing funds and some bookmakers will even accept a personal cheque from punters although this is slow to clear and is not a favoured option. Of course e-Wallet methods are also rising in popularity and are becoming more widely accepted by most of the best Canadian bookmakers. When it comes to withdrawals, the majority of betting sites have put an automated system in place to ensure that the process is rapid and streamlined. Many punters choose to receive their winnings in the form of a paper cheque, however this is one of the slowest methods and it will be several days before you can see funds credited to your account. Another popular choice is a bank transfer, which will only take a couple of days to clear or a withdrawal back to the initially used credit card, although not all cards will accept large withdrawals. E-Wallet methods are also available for withdrawal and are a fast and convenient alternative to more traditional methods.
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Live Play Canadian Betting Markets
While the most traditional way of sporting betting is to pick out a wager in advance, today some of the most popular betting methods is in-play betting. This popular market allows bettors to play a number of different wagers once a game is already in play, for example, betting on who will score the next goal or how many goals will be scored in the next 10 minutes. This exciting way of wagering enables bettors to hedge bets and continue betting right up until the end of play. Many of the best Canadian betting sites allow in-play betting through both their standard website and through mobile optimised sites and apps making this a very accessible way of wagering.
Is There Tax to Pay on Canadian Betting?
There is no tax to pay on any gambling winnings in Canada which includes betting on sports. Although Canada does having gambling taxes these are only levied on the gambling companies that are located within Canada themselves and not on the bettors. This means that you are legally allowed to bet on sports and claim any winnings withough having to declare your earnings for tax purposes unless this is the method by which you earn the majority of your take home income in which case your winnings would be subject to taxation.
Bet Types and Stakes With Online Canadian Bookmakers
With all the top Canadian bookies you will being able to enjoy making exactly the same types of bets that you can participate in at a land based betting shop. Online Canadian bookmakers can offer a wide variety of bet types including:
- Straight line bets
- Money line bets
- Over/Under bets
- Prop bets
The best Canadian bookies offer the option of placing either a small or large stake when betting online, however if you are interested in playing for very high stakes, you should probably opt for one of the bigger names in the industry as these companies will be better able to handle the needs and requirements of high rolling bettors.
Online Canada Betting Sites Compared to Provincial Sports Lotteries
In Canada, there are sports lotteries run by each province however their odds can be extremely poor as there is no other direct competition, their betting program being the only legal offline betting option available in their home province. This allows the sports lotteries to offer bettors a poor experience with restrictions and limitations in the types of bet and sports offered. Internet sportsbooks on the other hand have plenty of healthy competition in the online market and so have to try their hardest to attract new players and retain existing loyal customers. In order to do this, they offer extremely competitive odds, added betting features and an improved bettor experience overall. Punters also find that they can get higher odds on the majority of sporting events when choosing to use a licensed online sportsbook as their overheads are much lower than those of land based venues.
Bonuses and Promotions
Many of the top Canadian betting sites offer a wealth of offers, promotions and bonuses aimed at attracting new sign ups to their sites. The most common types of offer available on Canadian betting sites include:
Sign Up Bonuses: This is a bonus offered as an introductory incentive for simply registering with a sportsbook and placing a deposit. The bonus can be as little as 10% or as much as 100% and offers a great kickstart opportunity.
Match Bonuses: These are offered on both initial deposits and sometimes on reloading your account. This bonus matches your deposit up to a given percentage – sometimes as much as 100%.
Deposit Bonuses: Some online bookmakers will offer a bonus to their members every time they deposit funds into their account.
Reload Bonuses: Occasionally, online bookmakers will top up your account with a reload bonus.
Free Bet Bonuses: This may be instead of an initial deposit bonus or may be offered at a different time. This bonus will match the amount of money deposited and is available immediately for betting.
No Deposit Bonus: This allows bettors to place a wager on an event for free. This is a common incentive by new sportsbooks.
It is important to remember that these bonuses always come with strings attached, so you should always read the fine print to ensure that you can benefit from them before signing up.
How Old do I Have to be to Bet Online in Canada?
In Canada there are three territories and 10 different provinces each with their own laws with regard to the legal age for gambling. You need to be aware that if you want to place a bet on a Canadian betting site, you must be the legal minimum age for your own territory or province as age checks will be performed and it is likely that you may even have to send a copy of your driving licence or passport as proof.