Newfoundland and Labrador Betting Legal Updates
Betting on sports in Newfoundland and Labrador is legal, the province’s Proline allows for both parlay and single betting following a law change in the summer of 2021.
Here on Canada Sports Betting Canadians can learn about the different online options available to them in their province, how to bet on different sports and receive daily betting picks on the most significant sporting events.
How to Gamble in Newfoundland and Labrador?
One part of Newfoundland that may go a little underappreciate outside the province is their sports culture.
While the province is not home to any large professional organizations, the people of the province love their amateur hockey and following many of the biggest sports in North America.
There is plenty of opportunity for Newfoundland betting.
How to Gamble on Sports in Newfoundland
Before starting to bet on sports online, it is important to make sure you are eligible to create an account.
To qualify for an online account, potential users need to be at least 18 years of age, have a valid and working email address, have an address within Newfoundland and have a form of payment the online sportsbook accepts. Their requirements are standard, not just for Newfoundland but everywhere in Canada.
If a user wishes to use Bitcoin as a form of payment, their requirements are slightly different. While they still need to be of age and reside within Newfoundland, they only need an eWallet for transferring Bitcoins.
It is also important to remember anyone using Bitcoin is only eligible for withdraws using Bitcoin (on money off winning bets). After meeting the requirements, the next option is picking the right online sportsbooks.
The online sportsbook industry is fairly saturated with options, meaning finding the best one can take some time and research.
First, a person should understand what kind of bettor they are.
Those new to online sportsbooks may want to start out with an option that offers bonuses, 24-hour online support and focuses on the majority sports.
Seasoned bettors may look for the online sportsbooks offering the highest juice (at the sacrifice of rewards, customer support and certain functionalities).
To help the process along with picking an online betting site, we have compiled a list of the best online sportsbooks available in Newfoundland. All the books are safe, secure and reputable with different options fitting the needs of various bettors.
Compare Sportsbooks if you want to Bet Online in Newfoundland and Labrador
Before finalizing an online sportsbook, bettors should compare the options available to them. We shall focus on the leading factors most Canadians consider before choosing their online sportsbook.
Bonuses and Promotion
The majority of online sportsbooks offer some form of bonus to new customers.
The two most common bonuses are matches on initial deposits or free bets.
Initial bonuses match a percentage (between 50% and 100%) of a new customer’s first deposit (with most matching $20 up to $200). These bonuses come with a rollover requirement, meaning bettors must wager between six and ten times their initial deposit plus bonus before they can make withdrawals (although some allow for partial amounts for withdrawal).
The more experienced bettors often decline these bonuses, but those new to online sports betting can take them to help them experience more of what online sportsbooks offer.
The other bonus, free bets, is typically a free $5 to $10 wager given to new customers after they make their first deposit. For most free bet bonuses, minimum odds of 1.40 or more are required.
Payment Method and Speed
There are two sides of payment methods to know about before deciding on what online sportsbook to use. The first is what methods of payment they accept, and the second is how fast they process deposits and withdrawals.
The two most popular methods of payments are bank transfers and debit/credit cards.
Once an account is registered, and your method of payment is verified and approved, deposits through credit and debit cards are processed immediately. When making withdrawals, the process takes up to 24 hours to confirm with funds transferring within five business days.
Those are not the only deposit methods for Newfoundland and Labrador. Online sportsbooks offer a variety of ways for their users to make transactions and collect their winnings.
Best Sportsbooks in Newfoundland and Labrador
There are many reasons why those betting in Canadian provinces (including Newfoundland and Labrador) are switching to online sportsbooks.
We highlight some of the main reasons for the switch and, why you should consider trying out online sportsbooks for your betting needs.
Variety of Sports and Betting Options Available
Arguably the top reason for using an online sportsbook is the number of betting options available.
Every online sportsbook will offer the same bets available on Proline (i.e. point spreads on the NFL, NHL money lines, MLB run totals…etc) along with dozens of other betting options on the same games.
While Proline may offer up single matches betting, online sportsbooks offer more. Some of these options include alternative point spreads, first and second half totals and margin of victory props.
These betting options are not limited to the major North American sports. Bettors will find odds on plenty of international leagues and a much longer list of bets on individual sports such as tennis, golf, MMA and cycling.
Futures markets are also available on online sportsbooks. Here users can wager on what team will win the Super Bowl or whether a golfer will finish in the top-five at the Masters.
Futures markets offer some of the largest returns, and since bettors are allowed to make single bets online, there is no need to parlay a futures bet with some random game happening six months earlier.
Specialty Props on the Biggest Events
Where casual bettors may be the most inclined to try online sportsbooks is when the biggest sporting events of the year roll around.
For example, for the Super Bowl, online sportsbooks offer hundreds of different wagers, including specialty props. Specialty props are bets on what will happen during the half-time show or what colour the Gatorade dumped on the winning coach.
Any online sportsbooks worth using offers live betting. Live betting happens upon a game has started. Lines and odds on the point spread, Moneyline and game totals adjust in real-time, allowing bettors to get in on the action even after the game has started.
Even if you are focused on betting on the options available on Proline, making the switch to online sportsbooks will help your wallet.
Sports betting odds on online sportsbooks are better than those offered by Proline.
A standard point spread online ranges between 1.87 and 1.95, compared to around 1.50 on Proline. For every correct $10 wager, bettors will win an extra $4.00!
Newfoundland Sports Betting and Accumulators
Under Canadian law, anyone using a provincial sports betting service (also commonly referred to as a provincial sports betting lottery) is required to wager on a minimum of two events. Wagering on more than one event creates something called an accumulator where odds multiple for each bet placed.
While betting on more events leads to a bigger payout, the chances of winning declines for each bet placed.
Betting on a single point spread has a 50/50 chance of paying out. However, betting on three-point spreads has about a 12.5% chance of actually paying out. The maximum amount of bets on Proline is six, which has about 1.6% chance of winning (if all six bets are point spreads or game totals).
Online sportsbooks offer this service to their customer, but most would agree what they offer is much superior.
Online sportsbooks do not limit nearly as much as Proline. They allow bettors to parlay (the more common term used when placing multiple bets) multiple different types of bets from various sports.
That means it is possible to bet on two NFL point spreads, a hockey moneyline, two NBA game totals and pick a UFC fighter to their fight.
All of our top-rated partners offer these options (plus other accumulator style bets such as round robins and teasers), meaning those who stick with Proline are only limiting their options and hurting their potential winnings.
See below the top sportsbooks where you can wager online and choose the best one for you: