The world of sports betting is as intriguing as it is thrilling to be a part of! The mystique surrounding different gambling options has captivated cultures all around the world, and different betting sites capitalize on this! Have you ever wondered about the sports betting Canada has to offer?
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A Canadian online bookie online since 1997, Sports Interaction is one of the most reputable names in the business. It’s a safe, secure, and fun betting site with plenty of North American sports on offer and excellent odds.
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As of August in the year 2021, sports betting is legal in each province of Canada depending on the age of the bettor. The best betting platforms in Canada are online, such as Casumo.com and Betobet.com.
In this article, we’ll overview the best betting sites Canada has to offer, their pros and cons and what bonuses each may have to offer bettors, and some frequently asked questions related to the topic.
There are many advantages to betting online when it comes to gambling on sports in Canada. For example, while casinos are fun, online betting allows one to check the game from anywhere they have access to technology with the use of sporting-event streaming!
Additionally, online betting offers more stake-placing options at the bettor’s fingertips within moments, and allows a wide variety of payment types to fund online accounts.
Finally, some of the best odds, bonuses, and promotions can be found on betting sites. Some of the Canadian betting sites to make the most of these benefits are listed below:
Let’s look more closely at each of these betting sites to see what promos, bonuses, and advantages they can offer to the sports bettor!
Sports Interaction is known for their large variety of betting options on different sporting events, particularly the NHL, NBA, and NFL. They offer playing opportunities on all platforms, whether live betting or moneyline betting. Sports Interaction even offers an FAQ advising bettors and explaining different games to newcomers.
Sports Interaction offers a variety of bonuses to it’s players, such as the 100% Welcome Bonus. The Welcome bonus boasts a great deal, offering to match the first deposit with a value of nearly $1,000 in online Sports Bet Credits. This comes into effect once any qualifying sports bet has been placed through the website and is settled.
Another excellent promotion is the Primetime Blowout Bonus. The Primetime Blowout Bonus applies to football games. Each time the football team of your choice scores on qualifying Monday, Thursday, or Sunday nights, bettors receive more winnings! For example, if the bettor’s pick scores 50 points, this promotion offers a 25% bonus on winnings!
PowerPlay is an online sportsbook and casino which is operated by a company called Deck Entertainment B.V. It offers live sports betting inspired by Las Vegas casinos and can sign players up in three simple, easily-accessible steps.
Like Sports Interaction, Powerplay offers a bonus for those who initially sign up. It can be used on qualifying odds of 1.5 or more, but the bet cannot be used to back both teams of any sporting event. After depositing funds and providing proof of identity, this bonus can lead to an additional casino chips bonus!
William Hill is a worldwide betting company, though it was founded as early as 1934 in the United Kingdom and is still listed on the subsequent London Stock Exchange. The headquarters of the company are still located in London and the company is renowned for it’s longevity and legitimacy.
William Hill offers a huge amount of sports to bet on, including football, Canadian football, college basketball and football, boxing, UFC and MMA fighting, and tennis, as well as the NFL, MLB, NBA, and NHL. Their bet types include Moneylines, Totals, Futures, Point Spreads, First Half Bets and Second Half Bets.
Casumo is an online sportsbook that is notable for it’s friendly, fun, and simply-characterized website design. It offers several sports to bet on and even allows users to hide notifications about sports they aren’t interested in. The main appeal of Casumo is in the app’s easy-to-use interface and customizable platform.
Casumo offers unique jackpots and Reel Races unique to their website, including special bonuses for holidays like Christmas or special sporting events like the World Cup. These are subject to a wagering requirement of 30x.
Bet O Bet offers live around-the-clock betting and offers sports like Football, Basketball, Tennis, and many more. I’s website design is gritty but sleek and simple to use. It also offers a unique affiliate program that offers promotions based on favorite players.
Bet O Bet, like those mentioned before, offers a signup bonus and promo codes periodically. Though it does not accept outside betters like those from the United States, it does get fantastic ratings among customer reviews.
The legality of betting within the provinces of Canada has not always been straightforward. For example, before 2021, bettors on sporting events were only allowed to bet parlays.
This meant that during any game, a bettor could only place one bet which linked multiple wagers together, and which only paid off if all of the wagers won. This was a fun, but limiting, experience.
However, in August of 2021, sports betting became legal without these restrictions in Canada. The first province that allowed safe and legal online betting was Ontario, which didn’t open until April of the year 2022, and was followed by other provinces.
All of these sectors of Canada are allowed to work within their own regulations for sports betting, which is similar to the example set by the United States, where individual states are given room to regulate betting within their territories.
The current, broad requirements are for those betting on sports in Quebec, Alberta and Manitoba to be at least 18 years old, while the remaining seven provinces limit all gambling to those 19 years of age and older.
Below are a list of the Criminal Codes of Canada which outline offenses that were considered illegal as of 2010 in association with gambling:
To sum it all up, not only is sports betting legal in Canada, but it is made simple by the excellence of the sports betting apps that have been popping up across the legalization of sports betting in 2021! While tried-and-true veteran sportsbooks like William Hill offer large varieties for bettors to choose from, Casumo.com keeps things simple for newcomers.
Altogether, sports betting is on the rise in Canada, and so is the convenience of these excellent online betting sites!
Here are some frequently asked questions related to the sports betting sites Canada has to offer!
According to the Income Tax Act’s paragraph 40(2)(f), sports winnings are not taxable in Canada. This means that while gambling winnings aren’t able to be taxed, losses are also not allowed to be deducted.
This is all thanks to defining sports betting as a type of “windfall,” not a steady source of income.
Sometimes, the Minister of National Revenue and the Court in Canada may rule that individuals who are able to profit on a consistent basis from gambling and also spend large amounts of time pursuing winnings is no longer valid as a “windfall.”
In that case, the authorities may rule that gambling is more accurately defined as a “business” and should be taxed, but this is only on a relatively extreme, case-by-case basis.
According to Legal Sports Report.com, sports betting is legal in the province of Ontario. Because Toronto is the capital of Ontario, this extends to the city, as well.
The province of Ontario has expanded it’s definition of legal bet-placing to include online applications and sportsbooks like BetRivers and BetMGM, as well as ProLine Plus’s live services. For in-person betting, Ontario offers the Ontario Lottery and Gaming Corp.
According to the experts at Covers.com, the best sports betting app in Canada is Bet365. Bet365 offers a payout speed of either the same day or five days from winning, and has fantastic customer service supporting a live chat around the clock.
In addition, Bet365 accepts several different types of payment methods for deposits or withdrawals, including ApplePay, iDebit, MasterCard, Visa, InstaDebit, and PaySafe It has a rating of 4.8 out of five stars according to BetSmart, and is located in Ontario.
The sports betting age in Canada is at least 19 years of age in many Canadian provinces. However, in some, the legal betting age is dropped to 18.
More specifically, you have to be at least 18 years old to gamble in the provinces of Manitoba, Alberta, and Quebec.
On the other hand, you have to be at least 19 years of age to gamble in the provinces of Saskatchewan, New Brunswick, British Columbia, Newfoundland, Prince Edward Island, Ontario, and Labrador.
Technically, crypto-currency sports betting is allowed in Canada, at least when it comes to Bitcoin, one of the most well-known crypto currencies in the world.
This is because, like fiat tenders or a declared type of financing rather than a physical tender, bitcoin does not fall under the federal government of Canada’s authority. It is also not sanctioned specifically by any Canadian bank.
The sportsbooks that are outside of Canada’s territory offer an opportunity for betting using bitcoin. Since they are outside Canada’s jurisdiction, betting with crypto like Bitcoin is not only legal, but is less likely to be blocked than a debit card or credit card.
The best places to bet in Canada are either using sports apps or sportsbooks such as TheScore Bet, Bet MGM, DraftKings, PointsBet, Bet Rivers, and Ceasars. These were invented to receive bets on sporting events and organize the payouts to the necessary winners.
There are several banking establishments that specifically allow online gambling in Canada, For example, the Bank of Nova Scotia and the Bank of Montreal allow types of online gambling via their own platforms: Scotiabank and BMO online gambling, respectively.
Other Canadian banks which allow online gambling include the Royal Bank of Canada, the Canadian Imperial Bank of Commerce, and the Toronto-Dominion Bank.
Canadians can play using DraftKings as long as they are within the limits of the province of Ontario. DraftKings is an American sports betting company which facilitates fantasy sports games on an online platform.
DraftKings is a platform for single-game sports betting, which became legally allowed in Canada in the year 2017 in the Safe and Regulated Sports Betting Act.
Betway is a legal way for Canadians to bet using not only sportsbook, but online poker and online casino platforms. Betway is an online gambling company originating in the United Kingdom. Betway has an Ontario license, making it legal for those who live in Ontario.
Betway is not only legal, but safe, receiving accreditation from the eCommerce and Online Gaming Regulation and Assurance, which is a regulating force in the United Kingdom.