Bank wire deposits at Canadian sportsbooks have been a popular funding method for decades for numerous reasons. Wire transfers are preferred for their high limits, little to no fees, instant access to funds, and the safety and security of the transaction. With this method dating back to pre-internet days, seasoned sports bettors still use this method frequently.
Finding bank wire sites in Canada is fairly easy as nearly all sportsbooks that cater to Canadian sports bettors will accept bank wire transfers. Clearly the bettor must have the funds they are looking to deposit already readily available to them, but that minor hurdle isn't really one when you plan to use this deposit/withdrawal method at numerous sportsbooks.
Bank Wire Online Race & Sportsbook Handicapping Sites
There are plenty of attractive reasons why sports bettors in Canada prefer to use bank wires for all of their funding needs. It is highly effective in terms of success rates for depositing, or in other words, you will hardly, if ever, get deposits denied or rejected the way nearly every bettor has experienced with a credit card. Bank wires are successful because the bettor already has to have the money amount in their account and banks aren't there to tell you how to spend your own money. It's when you are betting with borrowed money like from a credit card that some banks decide to take issue and decline your transactions.
Another reason why bank wires are still used often today is that there are really no fees attached to these transactions and the high limits bettors have on each transaction is extremely attractive. Who doesn't want to see a big chunk of their winnings in their hands just a few days after a huge win? Bank wires make that possible for Canadian bettors using this deposit/withdrawal method and there aren't any hidden fees eating away at those profits.
Simplicity, security, and high volume are the name of the game regarding bank wire transfers for sports betting. Other than needing to have the money before hand to wager with, as opposed to betting with credit, there really isn't many downsides to Canadians using this sportsbook funding method.