Sports Spread Betting Canada
When it comes spread betting to placing money on your favourite sports, game or activity, chances are that you are already familiar with the most common and popular option – placing a bet on a specific team to win, with the default expectation being that the other will be the loser. As the industry has grown, changed and developed however, all of this has changed, and there are now innovative new methods and techniques for placing your bet. Read More
Spread betting is a form of betting which depends on the accuracy of the punter in making their choice. Traditional wagers will present you with a single, binary choice: win or lose, or ask you to select a certain event or player. Spread betting Canada, on the other hand, rewards you for being closer to the result, and so is a great way to feel more involved in the sport and process, while making a nice money profit.
As the internet has gained in popularity hand in hand with sportsbooks, spread betting is becoming increasingly prominent and prevalent and is gathering fans at a rapid pace. Spread betting has become an interesting alternative to the typical experience and offers something new and unique to experienced punters. Anyone can enjoy the variety, and spread betting is a great way to make the online betting market far more accessible, interactive and enjoyable.
If you’ve never tried spread betting before, now is the right time to do so. Experienced bettors have known about it for a long time and newcomers are quickly beginning to realize its full potential. It is, therefore, expected to become one of the most popular types of wagering in the years to come. This will especially be the case in Canada, where players are traditionally keen on exploring and trying new types of bets.
- 1 Sports Spread Betting Canada
- 1.1 Top Canadian Spread Betting Sites
- 1.2 What to Look for in a Top Spread Betting Site
- 1.3 How to Use Spread Betting Sites
- 1.4 Best Spread Betting Sites in Canada
- 1.5 Sports Spread Betting – Final Thoughts
- 1.6 Sports Spread Betting FAQs
Top Canadian Spread Betting Sites
The popularity of online sportsbooks in Canada is obviously excellent news for fans, but it does come with a downside; there are now a whole host of sites and options operating across the Canadian market. This can make it difficult to narrow down your choices and can leave customers feeling totally overwhelmed. There is no need to panic however: we have worked to put together the ultimate guide to the best Canadian Spread Betting Sites – everything you need is in one handy location!
Rest assured, our list of betting sites is comprised of the very best on the market. Our team of experts is detail-oriented, which is why nothing can escape their eagle eye. A rare combination of passionate gamers, professional gamblers, security and legal experts is what makes our team unique. We have more than 20 years of experience in this industry and we know that scammers are getting better every day. That’s why every betting website is approached with special attention and our list of requirements is getting longer with every new audit we conduct.
What to Look for in a Top Spread Betting Site
As purveyors of excellence, we pride ourselves on only offering the best options to our customers. This means that each spread betting option found on our site has to meet certain strict criteria in order to be included, and these are not taken lightly! Factors such as the quality and availability of a free app or mobile compatibility, payment methods and commissions also feature in the list, and this means that we can guarantee you the best quality every time.
At first glance, a betting website might seem flawless. There is a wide range of games available. Some very famous brands and trademarks appear on the home page. Some prominent payment providers are listed. Encouraged by all this, you decide to give it a try. You deposit some money and start playing. Then, only a few hours or days later, you realize that it was all a scam! You’ve been tricked!
Situations like these are more common than you think. In order to avoid this, you should always learn as much as possible about a betting site you want to gamble on. In other words, explore before you play! Probably the best place to explore and learn about betting sites is in articles like this one.
An inexperienced player is very easy to deceive. On the other hand, those who have been in this industry since its modest beginnings recognize a scam as soon as they see one. Take licensing for example. After seeing a well-designed logo coming from a trusted country, the average player is assured that a site is safe and he is ready to proceed.
Our team of legal and security experts, however, goes much deeper than that. First of all, they are going to find out what gambling authority issued this licence. They are going to learn everything there is about this gambling authority and find out what other betting sites hold the same licence. What’s their track record? What country the gambling authority originates from? What is the legal framework it operates within? Eventually, after they make certain the licence is valid, they proceed to check other equally important aspects.
Is Online Sports Spread Betting Legal in Canada?
When it comes to online sports betting, Canadian laws seem to be a bit outdated. The law, of course, prohibits illegal gambling and illegal gambling establishments. However, it doesn’t say much about online betting. Since it’s never mentioned, we may assume that online gambling is legal in all its forms. This is especially the case when we talk about international offshore gambling sites.
To be precise, it would be rather unreasonable to expect players to know the laws of every single country that hosts gambling sites. Not to mention having to compare those laws with their Canadian counterparts. You can, therefore, rest assured that online spread betting is completely legal in Canada. Until some new law that regulates online gambling gets passed, you have nothing to worry about!
There is one easy way for betting companies sportsbooks to stand out in a crowded market in Canada: make sure you are the first to be offering the hottest deals, free bets, bonuses, and promotions. In this area, these generally take the form of free bets, though matched bonuses are also a common and popular choice for players and sportsbooks alike. Several Canadian sites offer 100% free bet match bonuses, and these include 22Bet, LeoVegas, InterTops, and Betway. This means that the site will match any bonus placed by the player, usually up to a specific amount. Free bet matched bonuses are a great way to make the most of your deposit, allowing your bets to go further than ever.
Even though there’s no such thing as a bad bonus or promotion, they can be subject to detailed analysis. For instance, welcome bonuses, which are the most common type these days, can vary greatly. When comparing welcome bonuses we need to know what the minimum deposit is. The lower the minimum deposit the better, because many players like to start with a small amount before they make sure the betting site is reliable and worth their time.
Another important aspect is the wagering requirement. A welcome bonus might seem generous, but if the wagering requirement is unreasonably high, you won’t make any use of it. Accordingly, if you wait for too long to fulfill the wagering requirement, your welcome bonus might simply expire. This is due to the fact that welcome bonuses usually have validity periods. Obviously, the longer the validity period the better the bonus.
Commissions are another important area of the spread betting sites and something which is also a key consideration when we are putting together our list. This refers to the amount which is taken from your profit by the site and can vary from 2% – industry-standard – to the 5% charged by Betfair. It is important to make sure you know this before you commit to a bet, as it helps to avoid any nasty surprises when you go to collect your winnings!
Furthermore, we like to check what payment providers the site collaborates with and whether they charge a commission. What countries do they operate in? What currencies do they support? How long does it take them to process an average transaction? Are there any additional fees that might appear during the process? These are all questions worth asking before we reach a decision on whether or not to make a deposit.
Another area of spread betting which must meet our standards refers to the payment methods available. The whole process should be smooth and easy from start to finish, with plenty of choice and flexibility for the customers. All of the sites we review offer four main options: bank transfer, credit card, debit card, and the popular eWallets. The transfer time does depend on the method used, but as a general rule eWallets offer the fastest turn around time – this is part of the reason they are so popular with players.
Moreover, speed is not the only thing that matters. A good betting site has to use the latest generation of encryption algorithms, which will guarantee the safety of your personal and financial data. In terms of safety, the system provided by the betting site has to be impenetrable, and the payment providers it cooperates with must be highly reputable. Should a problem still arise, they have to guarantee the compensation of whatever losses you might incur. Since we know security is the very foundation of online betting, our requirements are very high.
The overall user experience is also a crucial element of any betting companies sportsbook and makes up a large part of our requirements and criteria. It is important that the site is accessible, simple to follow and well laid out, as well as being attractive and appealing for customers to interact with. This can have a significant impact on their enjoyment of the site, and whether or not they choose to return and bet again, or head elsewhere.
The site should clearly lay out the sports and activities which are available, and make it easy for customers to consider their options at a glance. A search function is also super helpful to allow players to navigate the site with ease, and this should be fast and responsive for quick results. In addition, the sign-up process needs to be smooth and speedy, allowing all new players to get themselves signed up and participating in no time, rather than being forced to wade through arduous and tedious registration processes.
Not to mention that our lives are becoming faster and busier each day. Our schedules are becoming tighter and there is always that one thing you need to finish before you can rest and have fun. In short, we are always on the go. This is why a good betting site has to be available on all mobile devices. A dedicated player has to be able to play wherever and whenever he wants. And, just as importantly, the quality, graphics, responsiveness, speed, and security have to be the same as if you were playing on your desktop computer.
Assuming that a player experiences a problem of any kind while betting, he should have reliable customer support at his disposal. Every betting site has to have customer support that’s available via email and via live chat. If they have a mobile phone hotline, that’s a plus. However, this might be difficult because players are usually from a variety of countries. The customer service agents should be quick and eager to resolve whatever problem the players might have.
Overall, the experience the player has when interacting with the site should be overwhelmingly positive at every step, and they should feel supported and engaged at each and every stage.
Betting Exchange App
A good quality app is another essential when it comes to picking a good betting site. This allows players to place wagers, check scores and follow the action no matter where they are and helps to keep you more engaged and involved with the action. Apps should be free, easy to download and work well and seamlessly with no bugs or errors. Alternatively, a sportsbook may offer a site which is fully mobile compatible and works across a range of devices including iOS and Android. Any sportsbooks and betting exchange which do not meet these requirements will not enter our list; in a modern world where mobiles reign, mobile availability is expected as a minimum.
As the world of internet and mobile devices advances rapidly, betting sites and apps have to follow. Aside from the aforementioned, a good betting app has to be updated frequently. It has to offer new solutions that will make the betting experience better as time goes by. This can only be achieved by having a team of dedicated software developers whose job it is to work on improvements around the clock.
How to Use Spread Betting Sites
Spread betting is a fantastic alternative to classic bets and wagers, and offer far more freedom and flexibility than traditional fixed-odds options. They can allow players to win based on their own accuracy and perception, and this, along with the potential for some seriously lucrative prizes, makes them super appealing to players.
Even though most players play for profit, some bettors like spread betting because it gives them a certain feeling of excitement. It makes them follow the game closely because only a few points can make a huge difference, even if the match itself is already decided. Some, on the other hand, say they like it because it allows them to express their deep knowledge of the sport. Whatever the reasons may be, the popularity of spread betting is on the rise!
To ensure that you are making the most from the spread betting sites, it is important that you have a clear understanding of just what spread betting entails; read on for your crash course!
How Spread Betting Works
Spread betting is a method of placing bets and wagers which has several clear differences from traditional betting – also known as fixed-odds betting. The latter is perhaps the most easily recognised form of placing a wager; the punter heads to bookmaker companies, and places a bet on a certain event, e.g. for a team to win or lose. There are only two parties involved – the customer and the bookmaker, and the outcome is easily established and determined.
Spread betting, on the other hand, awards players depending on their accuracy. You bet against a spread of possibilities, rather than a single, specific event. The closer you are to the actual result, the higher the potential prize on offer, and this is an option which could see you net more profit for your wager. If you think the outcome of the match will be higher than that indicated by the spread, you will buy at the ‘buy price’, while competitions which you feel will be under the spread and purchased at the ‘sell price.’ Margins for success tend to be super wide, meaning that there is far more chance of having your lucky day and enjoying the top prizes on offer!
More importantly, spread betting requires a deep understanding of the game. You have to know everything about the teams that are competing. What is the current state of affairs in each of them? Are they on a winning streak? Do they have several consecutive wins behind them? Or, are they going through a rough patch, having failed to win in weeks? What can be said about their previous games? In short, spread betting is for those who know what they’re doing!
What Kinds of Sports Are Available
One of the major appeals of spread betting is that it lends itself well to a whole host of sports. Because there is no requirement for a player or team to win, lose or place, there is greater flexibility with spread, and this makes the option suitable for everything from football to cricket, and everything in between. Football, basketball, and NFL are all popular Canadaian choices, and these are staples you are likely to find across all spread betting sites.
Unlike some other types of wagering, spread betting allows you to play the long game. Depending on the sport, your possibilities are limitless. You can bet on the number of points your favourite team is going to score during the entire season. You can bet on the number of wins of all teams during the season. Let’s say there’s a player you think might dominate the whole championship. You can bet on the number of points he is going to score by the end of this year. And these are only some of the options!
What Kinds of Bets Are Available
Spread betting lends itself beautifully to a variety of different bets, from traditional easy answers, such as betting on the first team to score, who will win or lose, or the eventual goal difference, to more complex topics. Acca bets are also popular. Also known as ‘Roll Up’ or ’Accumulator’ bets, these allow players to bet on a selection, rather than just one. This does have stricter requirements, but can also allow you to benefit from a much larger win!
Best Spread Betting Sites in Canada
Offering a unique combination of sports betting, casino games, and race betting Mybookie is definitely one of the best betting sites available to Canadians. When it comes to bonuses and promotions it is unrivalled. It offers a C$1000 first deposit bonus, 50% first sign up promotion, 150% casino bonus up to C$750, and much more.
You’ll be overwhelmed by the variety of games it offers. It is available on all devices and it collaborates with some of the best payment providers like Visa, Mastercard, and Bitcoin. All precautionary security measures were taken so you don’t have to worry about the safety of your deposits or your personal data.
Its simple design, lightning speed, and generous bonuses will make you love it. Betonline will greet you with an amazing C$1000 bonus but you can also count on a 100% 1st-time crypto bonus, 35% crypto reload bonus, 100% poker welcome bonus, C$3000 casino bonus, and several others.
When it comes to the diversity of games offered, Betonline is unprecedented. Everything from live casinos and poker, to eSports and sports betting of all kinds, is at your disposal. The site’s security is guaranteed by SSL-encryption and its payment providers include giants like Visa, Mastercard, Bitcoin, and Neteller.
With one of the most diverse sportsbooks on the market and a long list of bonuses and promotions it offers, Betnow ranks among the very best betting sites at the moment. The site itself is fast and easy to navigate. It’s available on all devices so you may access it anytime and anywhere. You’ll get a 100% casino bonus for your first three deposits!
If you have friends who like to play, make sure you tell them about Betnow because it offers a 20% cash bonus for every depositing referral. On top of all that, this betting site is licensed and authorized by the Government of Curacao, which means it meets all security standards.
With hundreds of amusing games and a whole host of bonuses and promotions available, this one is definitely worth your time. You’ll get a 100% casino bonus for your first three deposits. All the important competitions are covered by its sportsbook and when it comes to speed and responsiveness, this betting site is like no other.
Sportsbetting collaborates with some of the greatest names from the software development industry and this means a great deal of fun for game lovers. The most up to date security protocols guarantee the safety of your money from the moment of your first deposit until the time of withdrawal.
Sports Spread Betting – Final Thoughts
The future of sports spread betting in Canada is definitely bright. Due to its rising popularity, many new players will try it over the next few years and a great majority of them are expected to like it. Its combination of simplicity and diversity is a magnet for those who like to bet smart.
The fact that it is applicable to almost any sport makes it appealing to fans across the globe. Even though there is a huge number of spread betting sites on the internet, choosing the best ones shouldn’t be too difficult if you know what you’re looking for. Do the necessary research before you make your deposit. If you’re too busy to explore, see what experts have to say!
Sports Spread Betting FAQs
Is sports spread betting legal in Canada?
Yes. Sports spread betting is absolutely legal in Canada. What’s more, its popularity is skyrocketing these days — there are thousands of new players each week.
What sports can I bet on?
This might depend on the betting site of your choice but, in general, you can choose from a wide array of sports like ice hockey, rugby, basketball, soccer, football, lacrosse, and many more.
Do I get any bonuses?
Yes. Most online betting sites available in Canada offer various bonuses.
What are the best sports spread betting sites in Canada?
Our team of dedicated professionals came up with a list of the best Canadian betting sites and it can be found on this page. All of them offer a top-level betting experience while following the highest security standards.
What is the minimum deposit?
This depends solely on the betting site you choose to deposit your money on. In most cases, it is somewhere between C$10 and C$50.