Last updated on: February 23rd, 2023
Legal Sports Betting In Canada
For quite some time, single-game sports betting was not available in Canada. This was because Canada had a prohibiting document comparable to PASPA in the United States; however, in 2021, Canada passed a bill that amended the criminal code to allow for state-regulated sports betting in Canada. This means it is completely legal for Canadians to bet on sports, whether using a provincially-regulated sportsbook or an online sportsbook accepting Canadian bettors.
- Bet On Sports With Crypto In Canada
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Top Online Sportsbooks For Canadians
|Rank||Sportsbook||Bonus Offer||Play Now|
|1||50% Up To $250 Read Review||Visit Bovada!|
|2||50% New Member Bonus!Read Review||Visit BetOnline!|
|3||50% Up To $1,000 Read Review||Visit MyBookie!|
|4||100% Up To $300Read Review||Visit Xbet!|
|5||50% Up To $1,000 Read Review||Visit SportsBetting!|
Simplicity has been a top priority for BetOnline and they have made it known being that from the moment you access their site, you’ll be able to find their odds and place a bet in seconds. All of their features can be found right on their homepage and they have links to each of them whether it is all of their odds, the promotions that they have to offer, financial information, and much more.
- Reliable Banking Methods
- Strong Server Connection
- 10+ Year Track Record
- Huge Assortment Of Odds
- No App Mobile Betting
MyBookie is second-to-none when it comes to online sports betting websites available in Canada. For Canadians just getting started with sports betting, MyBookie has a plethora of great sign-up incentives. For new members MyBookie will match their initial deposit 100% up to $1,000, and even a first cash deposit bonus matching 10% of their first cash deposit up to $200. For fans of on-the-go sports wagering, MyBookie’s website has been optimized to support nearly any mobile device, with a responsive and reliable interface. This is particularly useful for those looking to take advantage of MyBookie’s ‘live betting’ features to get the best odds right in the heat of the moment.
- Huge Player Bonuses
- Consistent Odds
- Easy Interface
- Rapid Live Betting
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At SportsBetting, they really give you a leg up from any other online betting site as they let you bet on sports with up to 17 different forms of cryptocurrency. Those cryptos range from some of the biggest in Bitcoin and Ethereum down to smaller coins such as Shiba Inu and Cardano. Crypto is also one of the most beneficial forms of payment that can be used on SportsBetting with no transaction fees, quick processing times, and the ability to be linked to several crypto wallets.
- Efficient Site Layout
- Full Mobile Betting Suite
- Available Customer Service
- Trustworthy Banking Options
- Fast Payout Times
You will always feel safe and secure when using XBet to bet on sports in Canada thanks to all of the measures that they’ve taken to do so. That includes encrypted links that protect your web browser on your end with all of your personal information as well as XBet’s servers that holds all of your banking information. They also have some of the top customer services that an online betting site has to offer as they run 24/7 and will take the time to walk you through any issues that you might have.
- Worry-free Legal Betting
- Exclusive Bonus Offers
- Constantly Updated Odds
- Premier User Experience
- Full Mobile + Live Betting
Deposit Options For Online Sportsbooks In Canada
You have an abundance of options when it comes to making a deposit into your legal online betting site. The main thing to note though is that you will need to follow certain guidelines when doing so such as pay transaction fees, follow the deposit minimums and maximums, and abiding by the processing times as well. All of these can vary based on the method you choose and also the betting site that you are using.
- Debit/Credit Card
- Money Order
- Wire Transfer
What Withdrawal Options Are Available At Canadian Online Sportsbooks?
You have plenty of options when it comes to withdrawing from an online sportsbook in Canada. No matter which withdrawal method you choose though, there are guidelines that you do need to follow that are similar to the ones when making a deposit. The one thing to take serious note of is that you cannot make a withdrawal back to your credit or debit card and will need to choose another form of online banking.
- Wire Transfer
- Money Order
- Check by mail
Using Cryptocurrency To Bet On Sports In Canada
With cryptocurrency one of the fastest-growing forms of payment in the world, it makes sense that some online betting sites in Canada will let you use them to fund your accounts. The main benefit to using crypto to place bets on these betting sites is that they do not come with any added transaction fees and have some of the fastest processing times as well. To note though on the withdrawal end, the only way that you can withdraw with cryptocurrency is if you make your first deposit with that specific crypto. Some of the accepted cryptos include:
Sports Betting Laws In Canada
In 1892, Canada banned all forms of gambling in its criminal code. The prohibition against sports betting remained until June 22, 2021, when the Canadian legislature passed C-218.
C-218 officially regulated single-game wagers in Canada on a province-by-province basis, similar to the U.S. industry. Each province has the ability to set its own sports betting regulations under C-218. The first provincially-regulated sportsbooks rolled out in 2022. C-218 does not include a limit on the number of licensed Canadian sportsbooks; however, industry experts expect approximately 30 sportsbooks to receive licensing for the initial launch period.
Best Online Betting Sites In Canada
Depending on the province, bettors will soon have the choice between betting on any sporting event at provincially-regulated sportsbooks or internationally-based sportsbooks. Since there are no laws against betting on sports in Canada, online sportsbooks like MyBookie accept Canadians.
Canadian Sports Betting Markets
The number of sports that you can bet on in Canada are near endless regardless of if they are a massive market like the NFL or something small like snowboarding or handball. You’ll be able to find plenty of odds on them all that extend far beyond just the normal gamelines. They’ll offer game props, player props, futures odds, and much more. Some of the sports you’ll be able to bet on include:
- Table Tennis
Canada’s Sports Betting Revenue
There is no financial data on Canada’s sports betting revenue; however, in Alberta, it is estimated that approximately 4% of the yearly budget is derived from general gambling revenue. An estimated $10 billion USD is wagered on sports in Canada per fiscal year. Helping feed into that sports betting revenue is a 30% tax rate on all gambling revenue.
Can I Bet With A US Sportsbook From Canada?
No, as United States law dictates, U.S.-based sportsbooks can only operate in the state they are regulated in. This is a result of the Interstate Wire Act of 1961, which prevents the transfer of sports betting funds across state or country lines.
Betting On The Toronto Raptors
The Toronto Raptors have been one of the more successful teams when betting on the NBA in recent years. They brought an NBA Championship to the country, the first in history, in the 2018-2019 season after going in with +1800 preseason odds. Also over the last five seasons, many have enjoyed a profit of $193.43 when betting $100 on the Raptors to make the playoffs in those seasons. When it comes to their play against the spread in that period of time, it has been profitable as well.
Raptors Past ATS Records
- 2022: 48-39-1
- 2021: 31-40-1
- 2020: 46-36-1
- 2019: 51-53-2
- 2018: 48-43-1
Betting On The Toronto Maple Leafs
The Toronto Maple Leafs are the pride and joy of hockey in Canada and have turned one of the biggest betting profits in the league. That comes when betting on them to make the playoffs each year as they have made it in each of their last six seasons. If you were to have started with $100 and bet on them to make the playoffs six seasons ago and rolled that profit over to the next year, you’d be up $677.89. At their -1000 opening odds to make the playoffs in 2023, you could see that profit rise to $745.68 once they clinch the postseason.
Betting On The Toronto Blue Jays
While the Toronto Blue Jays have only made the playoffs twice in the last six seasons, there is still a profit to be made betting against them. More specifically, betting against their won total for them to stay under the projected number. Betting $100 on them to stay under their projected win total in those six seasons could have netted you $159.79. Similarly, betting against them to miss the playoffs in their last five seasons has also turned a profit of $110.65 when betting $100 units.
Blue Jays Past Win Totals
- 2022: 92.5 (Under)
- 2021: 86.5 (Over)
- 2020: 27.5 (Over)
- 2019: 74.5 (Under)
- 2018: 81.5 (Under)
- 2017: 85.5 (Under)
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