Online Sports betting Canada is an activity popular in Canada. Every year, more and more Canadians are participating in sports betting.
Sports betting is both easy and hard at the same time, which might explain why it's growing in popularity. Another reason is that it enhances the excitement of watching a game if you have some money on it.
It's easy to start betting. The tricky part is becoming a winning player over time. This takes skill, endurance and good bankroll management skills.
Bet Sports Canada is a common phrase used to refer to betting on sports events in Canada. If you're a Canadian online sports betting fan, you want to know the best sports betting sites for 2023. Here are some of the options we have found to be impressive. Furthermore, we have also highlighted a few of the sports you can bet on at these sites.
In conclusion, there are many great options for Canadian sports fans looking to bet on sports and other events.
Research each site and compare the odds before you decide to play at any Canadian sports betting site.
Free Sports Bets, Bonuses & Promotions
Free sports bets, bonuses, and promotions are a great way to improve your betting experience. These offers can boost your bankroll and improve your odds of winning. Here are some popular free sports bets, promotions, and bonuses offered by top sports betting sites in Canada:
Welcome Bonuses – Many online betting sites offer a welcome bonus to new players when they sign up with them. Some also give these benefits when you first deposit into the casino. These bonuses and promo offers are there to attract new players.
Risk-Free Bets – Some Canadian sports betting sites offer risk-free bets. If you lose your first wager, you will get back your money as a free bet. At some sportsbooks, the risk-free bet bonus typically ranges between C$50 to even C$500.
Refer-A-Friend Bonuses – Sports betting Canada sites offer bonuses for referring your friends to the site. That is a tactic to ensure that all parties win. The online casino gains a new player, and you get bonuses that increase your odds of winning.
Loyalty Programs – Sports betting Canada sites also offer loyalty programs that reward their most frequent users. Also, the loyal users are typically those who play bets sports often using the site.
Free Bets for Special Events – Also, many sports betting sites offer free bets for special events. These special events or tournaments come with a specific sport. Examples are sports leagues like the Super Bowl, Stanley Cup Finals, English Premier League, etc.
Free bets, bonuses, and promotions can add excitement and value to the sports betting experience. However, you must read the conditions and terms of the site's offers before accepting.
Canada's Best Sports to Bet On
Canada offers a vast range of sports available for betting. Here is a list of a few of the most popular sports for betting in Canada. We also accompany each bet online sport with the top sports betting sites to place your wagers:
You can do sports betting online and offline, but each has advantages and disadvantages. Here is a comparison of the two methods of sports betting, highlighting their key differences:
Sports Betting Online
Offline Sports Betting
Online sports betting sites are more accessible. You can also play them anywhere as long as you're connected to the internet.
Requires physical presence at a betting location.
They are more extensive. Also, they have more diverse options and niche markets.
Physical locations limit what you can bet on for offline sports betting.
The bonus options you can get are frequent and lucrative.
There are less frequent, less generous, and smaller bonus offers.
You can easily contrast odds from various bookmakers.
Here, you only have the odds offered at the physical location.
They are typically faster and require no waiting in lines.
These betting sites are usually slower and may require you to also wait in line.
More secure, encrypted transactions.
They are more vulnerable to theft or fraud.
In conclusion, both online and offline sports betting have advantages and disadvantages. It ultimately comes down to personal preference and what is most important to the bettor, whether it be convenience, betting options, or security.
How We Rate the Best Betting Sites in Canada
We consider several key factors to get the best betting sites in Canada. These criteria determine which sites are the best and which could be better.
User Experience: First, we check how easy it is to navigate the betting site, place a bet, and access information. We then verify if the site is great for mobile. That means it should be available to all smartphone users on both iOS and Android.
Betting Options: We then ensure that the site has a variety of sports and markets available for you.
Promotions and Bonuses: Also the bonus and promotions the betting site offers are also vital to their quality. Any great sports betting Canada site should offer enticing bonuses and promotions for users.
Payment Options: Apart from those, the betting site should also have several banking options for their players. In addition, we check if these payment methods are secure and fast. Some common payment methods include PayPal, Interac, Visa, etc.
Customer Support: A sports bets online site must have fantastic customer service available 24/7. That is why we also check the support feature of the online bet spot.
License and Regulation: Lastly and most importantly, the site has to be licensed and regulated by a trusted authority. Relevant authorities in Canada or wherever the betting site is must regulate it.
Sports Betting and Odds Explained
Betting odds for sports are a crucial aspect of placing bets on sporting events. These odds determine the potential payout for a winning bet and depend on various factors. These factors include the likelihood of a particular outcome and the amount of money wagered on each outcome.
Overall, it is essential to understand the odds and how they function before you place bets. The odds can also change based on various factors, such as player injuries or unexpected events.
Furthermore, you can increase your chances of success by paying attention to the odds and making informed decisions.
Many Canadian online sports betting sites offer comparison tools that allow you to compare the odds across multiple sites.
Sportsbooks can express the odds in a variety of ways. American (money line), European (decimal), and British (fractional) odds are the most common. On most sportsbooks, this is a setting, so you only decide once whichever format you prefer.
This odd format is the most used globally. It is also mainly used amongst sports betting sites in Canada as the standard setting.
The decimal odds are straightforward to work with and understand. They indicate how much the total return is as a multiplier of the stake.
Example: Team A is playing Team B in a soccer game with the below odds, and you bet C$100.
Payout on prediction
Team A win
Team B win
This table shows decimal odds with examples
Fractional odds are primarily used in sportsbooks in the UK and Ireland. The betting site displays them as fractions. They quote the potential profit of the bet relative to the stake. For example, an odd of 2/1 means a C$1 bet returns a C$2 net profit. In decimal odds, this would be 3.00.
Payout on prediction
Team A win
Team B win
This table shows fractional odds with examples
Further, we have the money line odds. Players also refer to these odds as American or U.S. odds. The odds show the winnings of a C$100 bet. (in the below example, a C$100 bet on Team B would win C$375).
Reversely, negative American odds show the amount to bet to win C$100. In the example below, you must bet C$137 to win C$100 on Team A.
A favourable odd indicates an underdog in this format, while the bookmakers use a negative odd to denote a favourite.
Payout on prediction
Team A win
Team B win
This table shows decimal odds with examples
You can also calculate probabilities based on the bookmaker's odds.
Decimal odds probability formula: 1/[odds] * 100 (1 divided by odds times 100)
Fractional odds probability formula: 1/([odds]+1) * 100 (1 divided by odds plus 1 times 100)
Moneyline odds probability formula:
Positive odds: 100/([odds]+100) * 100 (100 divided by odds plus 100 times 100)
Step 1: Multiply the American odds by -1
Step 2: Use value from step 1 and then apply formula: ([value]/([value]+100)) * 100
Again, using the above examples
Team A win
Team B win
Do the probabilities add up?
The smart reader immediately notices the probabilities do not add up to 100%. In this case, the probabilities add up to 105.2%! Why is this? This is how sportsbooks make money. In this case, a real example from one of the world's leading sportsbooks on a high turn-over event, the house edge is 5.2%!
Below, we highlight some of the leading betting types and markets we have in the sports betting industry:
Moneyline Bets: Money line bets are the simplest form. In this type, you choose a team or player to win and wager on them.
Point Spread Bets: You bet on a favourite or underdog with a handicap.
Totals (Over/Under): Totals are bets you make on the total number of points, goals, and runs scored in a game.
Futures: Futures are long-term bets on events that will happen in the future. For instance, you can bet on the championship winner.
Props (Propositions): Props are bets on specific outcomes within a game. For example, you could bet on a condition like the first player/team to score.
Parlays: Parlay bets are also a trendy bet type in sports betting. In this type, the sports booker combines multiple bets into one.
Single-Game Wagering: Additionally, we have simple-game wagering. Here, players bet on a single outcome of a particular event. It is also easy to understand.
Live Betting (In-Play): Next is live betting. It refers to betting during a live event and having the odds change as the game progresses. This bet type is also common, even in mobile betting.
Accumulators (Accas): Last is the accumulator betting type. This bet type is also just a little different from parlays. However, this type involves multiple bets, with each betting outcome affecting the next.
It's essential to understand the different betting types and markets available. Then choose those best suited to your strategy and style of sports wagering. Preferably on a sport or event, you know well.
How to Calculate Your Winnings From a Wager
After you place your wager, you must calculate your winnings. Here are the steps you need to take to accomplish this:
Firstly, determine the odds of your bet. The odds will determine how much you win for every dollar you wager.
Secondly, decide how much you want to bet. Taking this stage with proper bankroll management strategies in mind would be best.
Next, multiply your bet by the odds of the team you bet on to calculate your potential winnings.
Then add your original bet to your winnings to calculate your total payout.
Lastly, subtract the commission taken by the bookmaker from your potential winnings. The final result would be your actual net payout.
Depending on which odds format you prefer, use our tables above for help. With this, you should have an accurate overview of how much you stand to gain. However, this does not imply that it is a guarantee that you will win. You are merely calculating potential winnings.
Mobile Betting in Canada
Mobile betting has rapidly grown in popularity in Canada. Now, sports bettors can place wagers at any time anywhere. All this has been due to the rise of smartphone technology and all the convenience it has to offer.
Online sportsbooks for sports betting Canada have recognized this and now offer mobile-friendly casino games optimized for smartphones and tablets. Whether using a mobile app or website, bettors can access their accounts, place bets, and track their winnings from anywhere.
Mobile device betting offers numerous other benefits. One of the essential benefits is quickly comparing odds and placing bets while live events (live streaming) occur. This trend will continue growing with the convenience and ease of mobile betting.
Strategies for Successful Sports Betting in Canada
Here are some key strategies for successful sports betting in Canada:
Know the sport and follow closely: Firstly, you must be a follower of the sport. Also, it would help if you stay informed about the teams and players, including injuries, form and past performances.
Manage your bankroll wisely: Secondly, you should learn the art of bankroll management. Bankroll management teaches you to make the most of your budget, set limits, and stick to them.
Bet value over favourites: Additionally, try to bet on the underdogs. Although this can be risky, the potential payouts are usually worth it.
Shop for the best odds: You should check multiple sports betting sites. Do this to get the most competitive odds and maximize your winnings.
Keep a betting record: Keep track of your bets and results and learn from your wins and losses. Examine what didn't work and what did. That would help you improve your strategy. A spreadsheet in Excel or Google Docs works fine for this.
Use promotions: Look out for bonuses and promotions to add extra value to your bets.
Stay disciplined: Lastly, avoid emotional betting. Learn to stick to your strategy and only bet what you can afford.
Finally, with these strategies in mind, you should enjoy an exciting sport betting Canada experience.
Common Mistakes to Avoid When Betting on Sports in Canada
Here are some common mistakes you should avoid while partaking in sports betting:
Betting emotionally: First, avoid placing bets based on personal biases or emotional attachments to a team or major sports. Ensure you stick to the facts.
Ignoring the odds: Research and consider the odds before participating in game betting. Also, pay attention to changes in odds and act accordingly.
Chasing losses: Furthermore, don't keep betting to try and recover your losses. That often leads to more significant losses and could be a better strategy.
Not setting a budget: Also, not setting a budget can be terrible for your betting experience. Hence, determine a specific amount you can spend and stick to it. Don't bet beyond your budget!
Ignoring the rules: Also, ensure you understand the betting guides for each bet and each sport before placing a wager.
Focusing on short-term wins: Don't solely focus on making quick profits. A long-term betting strategy is more likely to be successful for you. Respect the grind!
Not monitoring your results: Keep track of your betting history and results. Analyze what was successful and what wasn't to enhance your strategy.
Not taking breaks: Take time off betting to avoid emotional exhaustion and burnout. Regular breaks can refresh your perspective and prepare you for the next betting session.
Responsible Gambling & Betting Limits
Responsible online gambling and betting limits are crucial regarding sports betting in Canada. Betting can be an exciting hobby, but it's important to remember that you should enjoy it in moderation. Here are a few ways to ensure responsible gambling:
Set a budget: Firstly, determine the amount you are willing to spend on betting and stick to it. Don't chase losses; avoid dipping into savings or other vital funds.
Set a time limit: Next, decide how long you will spend betting. Furthermore, remember that you should always take breaks and engage in other activities.
Know when to walk away: If you feel yourself becoming addicted, it's time to take a step back. Also, if betting affects your daily life, you should quit betting until you adjust better.
Utilize tools: Lastly, most sports betting sites offer tools like reality checks, self-exclusion, and deposit limits. All of these tools are available to keep you in check.
In conclusion, following these guidelines ensures a fun and responsible gaming experience. Finally, remember never to bet above your budget.
The Future of Sports Betting in Canada
The Canadian gaming industry has been growing exponentially in recent years. A significant contributor to this growth is sports betting online. Still, it isn't relenting, as the future of sports betting in Canada has even more possibilities. Here are some of the most important trends to look out for:
Firstly, sports betting will become more widely available in Canada shortly. That is because more provinces are legalizing and regulating the industry. Also, that means increased competition in the market and more options for players.
Secondly, you will soon be able to do most sports betting via smartphone or tablet. The popularity of sports betting apps amongst online bet sport fans has led to the wide adoption of this trend. Furthermore, we expect this trend to continue driving industry innovation. Also, it will make it more convenient and easier for gamblers to place bets from anywhere.
Virtual & Augmented Reality
As technology advances, sports bet operators may start offering virtual (V.R.V.R.) and augmented reality experiences. These technologies will allow bettors like you to feel they're actually at the game they're betting.
Expansion Into New Sports and Markets
Lastly, the sports betting industry will continue to expand into new sports and markets. Canadian bettors will increasingly be able to make wagers and win big from their favourite sports.
In conclusion, the future of sports betting in Canada looks promising. Furthermore, the industry will continue to evolve and adapt to meet the needs and demands of consumers. Online sports betting fans in Canada have a lot to expect.
Yes, sports betting is legal in Canada. The legalization was implemented in August 2021. Although each province provides specific rules, you can partake in online sports betting. For instance, the Canadian province of Ontario, Toronto, will have different rules to Alberta, Quebec, and British Columbia.
What is the most common odds format in Canada?
The decimal format is the most common odds format in online sports betting sites in Canada. This format is easy to understand and use.
Is it possible to win big from sports betting?
Yes, it is possible to win huge prizes from sports betting. However, if you do not follow strategies and wager responsibly, you will lose more than you gain.
Lars Wahlström( CEO and Publisher )
Lars Wahlström is a recognized leader in the iGaming industry, with over 20 years of experience from both the tech side and an operator. He's now CEO and Publisher at ARGO Gaming Group, the company behind Casinoclaw.
Games and gambling has been an interest of Lars' since early years and besides slots and casino, he's also into poker, sports betting and trotting.
All this experience is drawn upon when he writes, and we dare say he's one of the best casino writers out there. Lars' base is the ARGO HQ and Stockholm office, but he travels a lot and often participates in industry trade shows and panels. To get in contact with Lars, use our contact page or message him directly on LinkedIn or Twitter.