Best Sports Betting Odds Canada 2025

Written by: Matthew Eichhorn Fact checked by: Jaclyn Hurst

Last Updated: August 8, 2025

Are you looking for the top betting odds available in Canada today? From football odds and NHL betting odds, to UFC odds and horse racing — and almost any other league under the sun — we cover them all with help from our great sportsbook partners.

Canada Sports Betting’s Top Betting Odds

Don’t miss out on a second of the action from all the top leagues from across the globe with our in-depth betting odds pages below, dedicated to each sport.

More Popular Betting Odds

Betting Odds Explained

Betting odds are basically a way for sportsbooks (websites where you can place bets) to show you two things:

1. How likely something is to happen in a game (like which team will win), and
2. How much money you could potentially win if your bet is correct

Think of the odds as a kind of price tag for a bet. If something is very likely to happen, the odds will be “shorter” and you won’t win as much money because it’s less risky. If something is unlikely, the odds get “longer,” and if you win, you’ll make more money—but it’s riskier!

Betting odds are carefully crafted using analytical data (think algorithms), trends, and expert knowledge. But all betting odds tell you the same story: the chance of something happening and the possible payout.

When placing wagers on the latest betting odds, assessing value in each market is an essential aspect of being a successful bettor. More on that below. Odds can be shown in a few different formats, so let’s dive into that first.

American Odds

American odds are the most common form of displaying sports betting odds in North America and are a great way to analyze betting lines. In American odds, favourites are shown with a minus sign (-) and underdogs with a plus sign (+).

For favourites, negative odds represent the amount of money that needs to be wagered in order to profit $100. For example, if you place a bet valued at -160, you’d need to wager $160 in order to net a profit of $100.

Inversely, for positive odds, the number shows the potential profit from wagering $100. For example, if the odds are +200, a $100 wager would land you a $200 profit if successful.

Note: You don’t have to bet $100! The payout just scales up or down depending on how much you want to wager.

Decimal Odds

Also known as European odds, decimal pricing is the default odds format used in much of the sports betting world. Decimal odds can be a straightforward way to calculate betting odds since they’re based on basic multiplication. Decimal odds include your original bet in the payout, so bettors can calculate their profit by multiplying the odds by the stake minus the stake.

For example, a betting market with 2.65 odds means that whatever you wager, you’d need to multiply it by 2.65. Therefore, a $100 wager returns a $265 total payout, or a $165 profit (after you subtract your original stake).

Note: You can always use our handy odds calculator to determine your potential payout and to convert any odds format to another format.

Fractional Odds

Fractional odds are primarily offered as traditional odds in the United Kingdom and in horse racing. The numerator represents your stake, while the denominator represents your profit.

For example, fractional odds of 2/3 mean that for every $2 staked, you’ll win $3 in profit.

Fractional odds can become complex and are the most uncommon in sports betting. We recommend sticking to either American or decimal odds to place your bets.

Note: You should be able to adjust the format of the odds displayed by your chosen sportsbook(s) in your account settings.

Types of Sports Bets

Now that you understand how to read betting odds, let’s take a look at the most popular types of betting markets available to wager on in sports betting. Each of these sports odds has its own unique winning criteria and can vary from sport to sport.

➡️ Moneyline Betting

Moneyline odds are a great betting market for both novice and experienced bettors. Simply, moneline betting is wagering on which side you think will win in a game. Moneyline odds differ based on the implied probability of winning within the matchup, with one side being set as a favourite, the other as an underdog.

Example: If the San Francisco 49ers are -130 on the moneyline and the Kansas City Chiefs are +110, you could bet either side.

• Betting $130 on the 49ers (the favourite, negative odds) would win you $100 if they win; your total return would be $230 ($130 stake + $100 profit).
• Betting $100 on the Chiefs (the underdog, positive odds) would win you $110 if they win; your total return would be $210 ($100 stake + $110 profit).

➡️ Point Spread Betting

Betting on the spread is a very popular format of betting odds. When you bet on the spread, you’re betting that the favourite will win by a set number of points/goals/runs or more, or for an underdog to lose within a set limit. The point spread is often referred to as handicapping betting odds because it allows either the underdog or favourite an equal opportunity to win the bet.

Example: the Golden State Warriors are favored over the Chicago Bulls with a point spread of -4.5. This means:

• If you bet on the Warriors -4.5, they must win the game by at least 5 points for your bet to win.
• If you bet on the Bulls +4.5, the Bulls must either win the game outright or lose by 4 points or fewer for your bet to win.

If the Warriors win 110-105 (a 5-point margin), Warriors -4.5 bets win. If the Warriors win 108-105 (a 3-point margin) or the Bulls win, the Bulls +4.5 bets win.

➡️ Totals Betting (Over/Under)

Betting on the over/under, or game total, is to wager on whether the total combined score will be more or less than the set amount. This betting market solely focuses on the final score, regardless of which side scores more.

Example: in an MLB (baseball) game, the over/under might be set at 8.5 runs.

• If you bet the over 8.5 and the final score is 6-4 (total: 10 runs), you win.
• If you bet the under 8.5 and the final score is 3-2 (total: 5 runs), you win.
• If the game ends exactly at 8 runs, and the line is 8 (not 8.5), it is a push and your money is refunded.

➡️ Prop Bets (Game/Player)

Prop bets allow you to bet on specific events within a matchup. Prop bets are broken down into two categories: game props and player props.

Game props are specific events to happen within a matchup, such as which team will score first, whether a final score will be odd or even, as well as any other team or matchup-specific wager.

Player props allow you to place bets on an individual competing in a game. This can come in several forms, such as statistical milestones (home runs hit, goals scored) as well as over/under totals (shots on goal, points scored).

Example:

• Player to score a goal: Bet on whether Auston Matthews will score a goal at any time during the game (known as an “Anytime Goal Scorer” prop). If Matthews scores, you win the bet, with odds typically around +100 or higher for this outcome.
• Shots on goal: Bet on whether Victor Hedman will record over or under 2.5 shots on goal in a game, such as Over 2.5 (-140) or Under 2.5 (+120).
• First goal scorer: Bet on which player will score the first goal of the game, such as betting Connor McDavid to score first—these carry higher payouts due to their difficulty.

➡️ Live Betting

Exploding in popularity, live betting is available on desktop or through mobile apps offered by the top online bookmakers. Live betting allows you to react to in-game developments like goals, penalties, or goalie changes and place wagers accordingly, often during breaks in play or short delays. Live betting odds can quickly change with a swing of momentum within any given matchup.

Example: If the Leafs are leading in the second period of a game and the momentum shifts, you might place a live bet on the Bruins to score the next goal at updated odds of +250. Or if the total goals line moves to 5.5, you could bet the over if you expect a high-scoring third period.

➡️ Futures Betting

Futures betting markets are wagers placed on events that are set to happen later in the year/season. Popular examples of futures odds betting markets include outright championship winners, end-of-season award winners such as MVP, as well as statistical leaders like a leading-goal scorer.

Futures odds are a unique betting market that can be incredibly profitable to advantageous bettors who have a good feeling about how the season will play out before it begins.

➡️ Parlay Betting

Parlay betting lines allow bettors to combine game lines and prop bets into a single bet slip for increased odds with every pick added.

The number of picks in your parlay bet (also referred to as “legs”) will increase your potential payout, but also the difficulty of winning. In order to be paid out as a winner on your parlay, every leg must hit. If even a single leg comes up short, the entire wager results in a loss.

Parlays can be created across multiple games, but many online sportsbooks now supply the ability to place same-game parlays, allowing you to combine multiple wagers from a single event into one ticket. Expanding on the same game parlay, some sportsbooks will even take your action if you want to parlay multiple same-game parlays. This is known as an SGPx or SGP+ at most oddsmakers.

Where Can I Find the Best Betting Odds?

Sports bettors should be aware that not all sports betting odds are created equal, but they will fluctuate with market demand and as sportsbooks try to beat out each other. Want to find the best betting odds? Here is our recommended list of top sports betting sites in Canada:

Are Betting Lines the Same as Betting Odds?

The terms betting lines and betting odds are often used interchangeably, but strictly speaking, they are not the same thing.

The word “line” refers to a margin set by the oddsmaker in point spread betting. Sports lines are the handicaps given to the favourite in games with two possible outcomes. The lines make any event even, so the clearer the favorite, the higher their line is.

That said, betting lines and betting odds in everyday betting language have come to mean the same thing. If you refer to the odds as a line, most bettors will understand what you’re getting at.

Tips for Wagering on Betting Odds Effectively

If you’re new to sports betting and are hoping to find success, keep scrolling for our tips for using betting odds effectively below.

🛒 Shop for the Best Odds

Finding the best odds, or “line shopping”, is a great way to score the biggest return possible and it’s a pivotal component of maximizing your winning potential while betting on sports.

While most lines and odds will be set similarly, values on each sports betting market will vary by sportsbook. By comparing the odds and lines offered at multiple sportsbooks, you can find the betting site that is providing the best value for your desired betting market. Pro tip: It’s OK to sign up with more than one sportsbook!

💰 Maintain a Bankroll

First things first, before you place your first bet, you should create your bankroll. A bankroll is the amount of money you have set aside strictly for gambling. Tracking your bankroll will help you in keeping your spending habits from getting out of hand, as well as keeping you honest on how much you’ve won/lost from betting on sports odds.

✋ Play Responsibly

Bettors should always look into setting responsible gambling tools at their chosen sportsbook to ensure they’re keeping their betting practices safe. The best way to bet is to do so safely. Be sure to follow responsible gambling practices, set limits, and play within them.

Is Sports Betting Legal in Canada?

Yes, sports betting is legal in Canada. Since 2021, provinces have been able to regulate single-game betting, and rules vary by province. Most provinces have a legal age of 19 (some provinces have a legal age of 18). Canadians can bet legally online through licensed sportsbooks with consumer protections. The details depend on the province you’re in.