Since 1985, Canadians have been able to bet on sports, but now that they can bet on just one game, the industry is about to explode. Before August 27, 2021, the only legal ways to bet on sports in Canada were parlay wagering, which combines two or more separate bets into one, and pari-mutuel gambling. You can also only place these kinds of wagers through official lottery operations in your own province.
One of the main reasons Canada legalized single-game betting was that the country didn't want to lose money from sports betting. Most provinces in Canada haven’t decided how to regulate legal sports betting until 2022. However, because sports wagering continues to increase in popularity in Canada, many provinces decided to fasten their regulation towards sports betting. Today, those bettors who want to find the best online casinos for betting can check Realcasinoscanada website in order to get the most out of their gambling process, find the right casino and make their wagering more unforgettable. It should be stated that today only Ontario and Alberta have made straightforward moves to make operators from outside the country feel welcome.
One good thing is that Canadian gamblers no longer have to make parlay wagers that are too complicated. Now, it's up to each state or territory to make legalized sports betting Canada appealing enough to keep people from wagering on illegal offshore sites. In this article, we’ll tell you how to bet on sports in Canada.
How does sports betting work in Canada in casinos?
When the Canadian government passed bill C-218 in August 2021, it made it possible for people all over the country to bet on single games. It did not, however, make sports betting legal right away everywhere in the US. Most states and provinces moved quickly to make single-game sports wagering legal and to set rules for it.
So far, Ontario has been the most forward-thinking province. Single-game sports wagering was legalized there in April 2022, and a number of overseas bookies and casinos are already in business. Because of this, similar laws are being passed in other countries. As a result of the increasing popularity of online betting and gambling, the competition among casinos and sportsbooks has increased significantly. The best websites try to get more players with different bonuses and special offers. For example, today Canadians can visit 888 casino, get 88 free spins for slots and place sports bets. You might be wondering why the term "single-game wagering" is used when talking about legal sports betting in Canada. This is because Canadians have been able to bet on parlays for a long time.
In the past few years, billions of dollars have left Canada and gone to "offshore sites," which are online bookies based in other countries. Because the laws were out of date, it was impossible to stop Canadians from using these sites to wager, so it was generally okay for them to do so.
What should sports bettors consider?
Just like you wouldn't buy a car without looking around, you shouldn't bet on sports without doing your homework first. Some expert gamblers think that this process, which is also called "line shopping," is the key to their success, so they don't give it enough credit. When you lose, you lose less money if you pay less vig.
Set aside money and choose a "unit size." Use this to make sure that your game plan is all the same. We recommend spending between 1% and 2% of your money on each play. You can let variance happen without risking ruining your finances by wagering this amount over and over again. Even smart bettors who win at least 55% of the time would lose everything if they put 10% of their bankroll on each bet.
Keep your self-control at all costs. It's hard to believe, but just because a game is being shown on TV doesn't mean you have to wager on it. When compared to midday games, when a lot of different things are going on at the same time, "island games" bring in a lot more money for sportsbooks. People who gambled for fun would wager on anything to get a good sweat. Bets are only made by professionals and people who want to make the most money over the long term.