Best 2017 Canadian Sportsbooks

What comes to your mind when you hear the name Canada? Extremely cold weather, ice hockey and maple syrup is what defines Canada in most people’s eyes. Although, online sports betting industry is in its nascent stages in Canada but the future looks brighter for online sports betting in Canada. In this ranking, we have reported the sites that are optimized for the Canadian market, that accepting Canadian dollars.

Sportsbooks

Rating

Offers

Singles

Payout

Extra Live

Currencies

Supported Countries

A+ $0,20 95,50%
A+ $0,10 94,50%
A+ $1,00 93,75%
A $1,00 98,00%
A $1,00 95,50%
A $0,50 96,25%
B $0,50 95,00%
B $0,01 93,00%
C+ $0,50 91,00%
C $2,00 93,50%
 
Canada have an emerging online gaming market and it is home to the Kahnawake Gaming Commission, an Indian tribe lead gaming regulator that was one of the first to license and regulate online gaming in Canada. Canadians are new but exciting players in the multi-billion dollar industry of online sports betting.
Deposit options for Canadians
If you are a Canadian sports betting fans, then you are in luck because you will have access to numerous deposit and payment options. Some of the best ways to deposit money to online bookmakers in Canada is through Skrill and InstaDebit. Although, there are many other options as well but they are two of the most reliable ones.

Skrill are one of the most popular e-wallet service in the world. If you have a Skrill account and want to deposit money then you can either use your credit card or take advantage of bank wire transfers. You will not face any problem when it comes to cash out to your Skrill account.

The major difference between InstaDebit and Skrill is that Skrill also deals with international clients but InstaDebit is only restricted to local Canadian public. This is the big letdown especially when you consider the global market of online sports betting. The main reason behind this is that this e-wallet service is closely integrated with Canadian banking system. Therefore, only Canadian players are allowed to transfer funds.

By farm one of the fastest ways to deposit money is through a credit card. Many sportsbooks also offer support for different credit cards, which is an added bonus for Canadian sports betting fans. Other options include person to person transfer or bank transfer. If you do not like Skrill or InstaDebit, using the credit card is the next best option for depositing money into one’s bank account.

Meanwhile, if you are using MoneyGram for person to person transfer, then you will have to pay a little extra because it is one of the most expensive options out there to deposit money. What’s more, you will have to go through a complicated process to deposit money, which makes it the worst option when depositing money into sports booker account

The biggest setback for Canadian sporting betting fans is that Neteller is not available in Canada. Neteller is one of the biggest e-wallet service providers in the world. First they discontinued serving American then the turn of Canadian came. This was a repercussion of a US government crackdown against online betting in 2006.
Selecting sports betting services in Canada
Canadians are spoilt for choice when it comes to number of odds and betting options available to them. Canadian licensed and regulated sportsbooks will have odds on most all sporting events including NHL hockey and the Canadian Football League. American sports and foreign leagues are offered at most Canadian online bookmakers, such as the National Football League and English Premier League.

Never miss out on generous bonuses from these Canadian sportsbooks. This will give you something in the range of 100-1000 Canadian dollars. The amount of bonus usually depends on the deposited amount. Canadian bookmakers also offer promos such as reduced juice on some bets and free plays that may or may not require a deposit. Maximize your bankroll with these offers and enjoy the betting experience fully.

Another important factor to consider for Canadian bettors will be the prevalence of NHL puck lines at their online sports betting sites in Canada. Puck lines are combo odds that offer a spread and money line bettor in the same bet. These odds have become a huge hit with hockey bettors over recent years, offering bettors a new way to wager on a century old game.
What about taxes?
If you are professional punter and take part in online sports betting then you will have to pay taxes on your winnings. If you consider yourself as hobbyist and register as the hobbyist then you are safe from paying taxes.

There is no doubt that Canada has a bright future ahead and will emerge as a major player in the global online sports betting market. The laws and regulation provide favourable environment to all the stake holders involved. Let’s take a look at the legal implications of betting in Canada. This keeps the annoying players away while giving the deserving players a chance to show their talent.
Legal issues
The major difference between Canada and other countries with respect to laws regarding online sports betting is that Canada has complicated laws for sports betting. This makes it tough for the laymen to understand the consequences of gambling and online sports betting. It increases the chances of unintentionally breaching clauses of the law and get into hot waters. Different provinces have different laws regarding sports betting.

Most online sports betting websites and other online gaming sites mostly accepts Canadian citizens as their only customers. No one other than a Canadian is allowed to join in. The Canadian government also allows province to accept advertisements promoting online poker rooms and online sports books. Invest some time and money to better understand the legal issues of gambling in Canada so can protect yourself from such legal problems in a much better way.

Furthermore, no Canadian citizens have been charged for betting sports online or for any other form of online gaming. No one would love to the first one to be reported for online sports betting. In conclusion, online sports betting in Canada is a grey area of legality but is not actively policed by the government, so it is perfectly safe for Canadians to bet on sports in the digital world.
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