Single Event Sports Betting to Be Legalized in Canada
Sports Betting News

Single Event Sports Betting to Be Legalized in Canada

A recent estimate made regarding the total expenditure of betting in Canada claims that as much as $4 billion is being lost to offshore bettors and another $10 billion to the black market. Federal Justice Minister David Lametti is expected to introduce legislation in the immediate future, legalizing single-event (moneyline) betting in Canada, ending a decade-old prohibition on gambling that has caused the government to miss out on billions in untaxed bets.

If the bill is passed, it would mean gamblers can place bets on the outcome of any major sports league event, such as a football match or ice hockey game. As it stands, sports bettors in Canada are limited to betting on multiple events on one bet otherwise known as a “parlay” bet.

Picking a winning team in each contest is considered quite risky and this kind of wager always favours the house, making the idea of illegal online betting an even more appealing prospect to Canadians. There is roughly $500 million a year spent via Pro-Line, which is the provincial sports betting lottery game involving parlay bets. While this is a lot of money, it’s considerably less than the estimated losses highlighted by Minister Lametti.

With MP’s and representatives holding a vested interest in gambling, it’s looking likely we’ll see the bill passed imminently. The president of the Canadian Gaming Association, Paul Burns is keen to stem the exorbitant amounts of wagered money moving offshore. One of the major reasons Burns and many others are pushing for a change to the law is as a result of the pandemic. Land-based betting facilities are suffering due to strict health and safety measures brought in this year; with a similar thing happening at racetracks.

Burns believes the bill would provide a massive economic boost for the tourism, sports, and gambling industries. This isn’t the first time industry representatives have come forward about this issue. But, with the year we’ve had, it’s something that the government is now taking seriously.

When looking at Canadian gambling operations, it’s important to understand that they are controlled at a provincial and territorial level. The government is expected to replicate Waugh’s bill and allow legal single line betting.

There has always been concern regarding single-event betting among government officials, due to the fact they believe it can lead to match-fixing. However, these concerns have been relegated to the bottom of the pile, as a covid-ravaged 2020 government budget looks to find a way to bring in some revenue. The estimated $14 billion in expenditure we mentioned before breaks down as $10 billion through the black market and $4 billion through off-shore online outlets. The vast majority of bettors turning to these off-shore betting sites because they allow single-game betting.

Canadian legislators and officials only need to look at what happened in the US, when New Jersey legalized single-event betting it boosted the economy in the state. New Jersey casinos collected $4.5 billion in revenue during 2019. These kinds of figures are a snapshot of what the future could be for Canada - it’s certainly time to move on from these archaic laws.

For now, you can already bet on a single event at offshore sportsbooks, such as the below. The quality of the odds, the in-play betting, and the many betting options, including futures and props, will never be matched by provincial lotteries, such as Sports Select.

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  • Offshore online sportsbooks usually offer welcome bonuses to new players. These bonuses vary a lot. If you choose to deposit using Bitcoin, you are eligible for a higher sign-up bonus.

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  • Another advantage of offshore sportsbooks is that they have a racebook and a casino attached to the sportsbook. This means that you can bet on sports, horses, blackjack, poker and slots at the same place.

    See below the top sportsbooks where you can wager online and choose the best one for you: