Canada Sports Betting

As evident by Canadians having access to government run sports lottery schemes across the country, betting on sports is legal in Canada.

In fact, many sportsbooks we recommend at Canada Sports Betting are licensed by the Kahnawake Gaming Commission based in Quebec.

That includes respected bookmakers like Spin Sports.

Criminal Code of Canada laws state that no one is allowed to operate an illegal online gambling service within Canada.

Though still considered a grey area, since all online sportsbooks are located in offshore jurisdictions, they are not breaking laws.

Also, no Canadian has ever been arrested for gambling at an online casino or sportsbook.

YES is the short answer here but that does come with a caveat. Like any online shopping experience - there are good and bad vendors in sports betting world.

Separating the good from the bad is a primary focus here at Canada Sports Betting.

Being as we are avid sports gamblers - we never recommend sportsbooks that we wouldn't play at ourselves.

To rank well on our top ranked sportsbooks list a betting site has to employ modern security features to protect their client's data. That includes using the latest encryption technology during the account registration and banking process.

We also consider how long sportsbooks have been operating and the management team that guides them.

Best is a subjective concept, but if want to have a supreme gambling experience, you will definitely get it at Sports Interaction. Some of our customers like Power Play more, because their sign-up bonus is $50 higher than the $200 bonus offered by Sports Interaction.

Our customers who like to bet on excotic markets like Betway, because they offer over 30.000 markets every day.

Sports betting is legal everywhere in Canada, but only if you do it right.

All Canadian Players can legally bet online. All of our partners offer thousands of markets, bonuses for risk-free testing and helpful customer support to assist you in any gambling or account set up related questions.

That’s a good question - and the answer depends on the market that you are looking to bet on.

Sometimes a moneyline bet is the safe option to take. This applies especially in games where one team is a heavy favorite. They are likely to win, and that means that you are very likely to get the profit, albeit small, from your bet.

In the heavy favorite example, a spread bet can offer you a bit higher return. But be sure to keep your eye on the spread - you may be able to find a more profitable option (or a safer option, depending on the situation) by shopping around a little.

There’s a simple and a slightly more complicated way to understand and answer this question.

The simple solution

You can calculate the value of your bet by multiplying the odds of your bet by the wager that you made. Let’s say that the odds for team A to win team B are 2.50, and that you made a $4 wager. Your bet will have the value of $4.00 x 2.50 = $10.00. The profit of your bet would be $10.00 - $4.00 = $6.00.

The slightly more complicated solution.

Here the question is not about the potential outcome of a bet, but where to make it, aka who’s offering the best value for my bet.

Let’s think about a coin flip, with 50% - 50% changes for heads and tails, which would mean odds of exactly 2.00.

If a bookie offers odds of 1.90 for heads, the value of that bet is negative 5%, whereas if a bookie offers odds of 2.10, the value of that bet is + 5%.

In this example, 2.10 are too high odds for a coin toss, so they give you, the player, an edge.

Making sports bets works much the same way online as offline.

The biggest difference between online and offline bets are the bonuses which bookies are willing to give you. Online you can get bonuses from tens of different bookies while offline vendors are often prohibited from offering bonuses to players.

To make bets online, you need to open an account, deposit money into your account, choose a market and then the size of your wager. It’s really that easy.

All players must always be over 18 years old - online and offline.

Most big online bookmakers accept PayPal payments. Create an account at Bet365, 888 Sport or Betway and you can start making PayPal deposits already today.

Bitcoin is becoming more and more central at multiple sportsbooks. Bookies like Bodog, Intertops and BetOnline have already seen significant numbers of players making bets with Bitcoin.

Bitcoin is a great way for newer sportsbooks like 22Bet and TigerGaming to attract players to try their products.

Yes, Yes, Yes. Betting on entertainment events might be the only way to make watching these ceremonies exciting. Choose your favorite actors and singers and count your profits when they are thanking their significant others on the screen with the new shining trophy in hand.

You can also bet on The Miss Universe pageant, eSports and Political events like Elections.

Amazingly, yes. There are reload bonuses which reward you for depositing money on your account. There are free bets and money back guarantees which allow you to make risk free bets for big events. And then there are even no deposit bonuses which reward you for a wide variety of actions from joining up to being a loyal customer.

People love to bet online on a wide variety of sports, but some sports and some markets are the most popular year in, year out.

The outcome of the Super Bowl is one of the most wagered events in the world. So you could say that football is the most popular sport to bet on.

But Super Bowl is just once per year, and they play tennis and race horses almost around the year. These sports are really popular amongst daily bettors.

Also, soccer, the European form of football, is the biggest sport in the world - billions are wagered on soccer alone annually.

So if you go with one from football, horses, soccer and tennis, you won’t be far off.

The short answer is no. If you live in Canada, you do not need to pay taxes for your online gambling profits.

The only exceptions are:

• if you’re going to earn interest on the winnings from online gambling. In that case, you need to legally declare that on a T5 form.
• if a significant proportion of your income comes from online gambling. In that case the profits are sometimes labelled as income and taxed accordingly.