The gambling days of being limited to only parlay type of wagers from lotteries are long gone. Today, we have a much broader sports betting market, especially with the introduction of single-game gambling.
Additionally, the launch of online bookies in Canada has also allowed more sports enthusiasts to take part in the betting facet of the sports industry. With online sports betting sites, you will have seamless access to profitable sports betting odds on a wide variety of domestic and international sports tournaments.
This article investigates the growing popularity of online sports betting sites. Read on to find out how you can take advantage of the young industry.
A List of the Leading Online Bookies
Canada is home to tons of sportsbooks. This is a great advantage to punters because the stiff competition means better and more lucrative deals. All the same, below is a list of the best sports betting sites in Canada:
- Tony Bet
- Betsafe
- Betway
- Bodog
- Truenorth.bet
While there are numerous excellent virtual bookmakers operating in Canada, some are known to abuse punters’ trust. The online bookies listed above have all made a name for themselves by proving their worth to Canadian bettors.
Types of Betting Offers at Online Sportsbooks
The best part about Canadian online bookies is that they welcome new players with generous bonuses. Regular and loyal punters are also rewarded with daily, weekly, and monthly promotional offers.
The offers are designed to encourage bettors to use the online sportsbooks in question. Below are the most prevalent types of offers at online betting sites in Canada.
No Deposit or Free Bet Offers
Free bets are awards given without requiring you to invest a penny in the sportsbooks, hence the term no deposit bonuses. It is often in the form of the bookie’s credit or free bets. As a new signee, the sportsbook will credit your account with the bonus which you can then use to place wagers as you wish.
Free bets are often part of a welcome package that can also have a deposit match bonus and a host of other offers. The offer has been attracting more Canadians to bookies, hence contributing to the growing popularity of sports betting sites
Insurance Bets or Risk-Free Bets
Another popular offer among bettors is the risk-free bets, which are issued for the first bet at the bookies. If you lose when using this bonus, the sportsbook will reimburse your stake. On the hand, if your wager wins, you get an instant profit, congratulations!
The insurance bet can be quite large, enticing punters to sign up with the sportsbook just to take advantage of the offer.
Deposit Match Bonuses
With this offer, the online sportsbook will match the deposit you make at the site. If you have deposited $100 and the bookie offers a 100% for instance, the casino will credit your account with another $100, resulting in an account balance of $200.
However, deposit match bonuses are capped to a specific amount depending on the bookie. For instance, the sportsbook can offer a 100% deposit match of up to $300. This means that the betting site will only double your deposit to the tune of $300. If you make a deposit a deposit larger than $300, say $500, the bookie will only credit your account with $300.
Why You Should Sign Up with Multiple Betting Sites
With so many reputable online sports betting sites at your disposal, it is advisable that register with several sites. There is absolutely nothing wrong with having two or three favorite online bookies.
Different sportsbooks cover different betting markets, and having multiple favorite betting sites offers you more options. The offers and odds will also vary greatly across different sports betting sites. As such, it makes sense to explore as many trustworthy sites as possible.
Types of Bets at Canadian Sports Betting Sites
There are numerous types of sports bets or betting markets covered in Canada. They range from American football and hockey to lacrosse and horse racing. For beginners, getting one’s head around all betting markets can be quite overwhelming. Below are the most popular sports bets among bettors.
Moneylines: This is a pretty straightforward wager that entails picking the teams that you predict will win the game
Spreads: This wager factors in the margin of victory between the favorite and the underdog. For your bet to win, the favorite must win by more than the spread, or the underdog must either win the game or keep close to the spread figure.
Totals: The bookie sets a line for the total combined scored of both teams. You bet on whether the total will be over or under the line.
Props: This is a new addition to the list, where you are allowed to wager on how a specific player or team will perform in the game.
Parlays: It is typically a multi-layered wager with several selections. For your bet to win, all teams in the bet slip must win.
Live Betting: This form of betting allows you a chance to place wagers as the game progresses in real-time.
The diversity of betting markets has also contributed significantly to the popularity of sports betting sites in Canada. The availability of multiple options is what draws more punters to online bookies.
How To Compare Betting Sites
When considering the best online sports betting sites for your gambling needs, it is important to factor in a couple of things. You want to go beyond the buzz and hype that some sites might be generating.
For a complete assessment of the most appropriate site for you, consider the following factors:
- Available bonuses and promotions
- Data safety and security
- Supported online payment options, transaction speeds, and fees
- Sports betting markets covered
- Profitability of odds
- Availability of reliable customer support
- The ease of use of the site’s user interface
- Whether the site is licensed and regulated
By making this assessment, you can easily tell whether the online bookie is good for you or not. Information on the above-mentioned matters is readily available at the sites themselves and at trustworthy review websites.
