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We expect to see a good range of credit and debit card, e-wallet and bank transfer options as well as others, such as cryptocurrency. Commonly called traditional odds, this odds format is most prominent in the UK, but holds a place within the Canadian sports betting market as well. Start by looking at the first leg of your bet and work it out as a single, and then do the same with the second wager. We look for a range of methods and experienced staff who go the extra mile to provide an excellent experience. However, not all sites are worthy of your time and money. In the US, moneyline odds are the favoured format for all major bookmakers. CFL is another national favourite. In every review we carry out an extensive background check, covering licensing, certification, and auditing practices. As the sports betting scene in Canada diversifies, some may even give you a choice of options to work with. The favourite will have the negative sign, indicating the amount you will need to bet in order to win These odds are very similar to fractional odds, except it deals in units. The NHL is the only major Canadian-facing sport to get exposure across the sportsbook industry worldwide. Say you've backed two teams at 3. This type of bet is gaining more popularity and is a great way to bring extra excitement during game play. We've listed some of the worst offenders below, so you know to avoid them. We are here to guide you towards the sites that can deliver on what they promise. Throughout the season, fans can enjoy placing their bets on the nine competing teams, with a great range of markets to choose from. Doubles and parlay wagers are slightly different to singles, as there is more to the equation. The NBA franchise is a power to be reckoned with. With teasers, the point spread moves in your favour, and with pleasers it moves against. Only veteran bettors tend to go with this option, as it is quite complex. However, there are still those who prefer to place their bets offline and could well be missing out on some of the advantages of online betting. Bonuses, promotions, and incentives are now everywhere. For example: you place add a selection from Game 1, and then another from Game 2, and yet another from Game 3. Many Canadians also enjoy following games all season in the National Football League. In this instance it would be 4. Our recommended sites offer sports fans fantastic odds and free bets across hundreds of sports including hockey, NFL and soccer. When you place a bet, the goal is always to turn the wager into pure profit. This is to ensure that the brand is operating legally and is providing a fair service to its users. Getting your head around the numbers is actually much easier than you think, as you will see below:. Teasers and pleasers come under parlay bets. Decimal odds differ from fractional odds, as they detail the total payout instead of overall profit. Any leading site offering online betting in Canada will offer a range of free bets, bonuses and promotions and may even provide a VIP package for their most loyal customers. Each site we recommend will also offer a vast range of bet types. To do so, you will need to work out exactly how much you can expect to win from any bet on the fly. If you consistently deposit at a Canadian sports betting site over a period of time, you may find yourself rewarded with unique, one-off loyalty bonuses. All these bets must have the correct outcome for you to successfully win your parlay bet. The odds on them will be greater than they were at the start of the game, and they still have the rest of the game to make a comeback and win you the bet. In our step-by-step how we rate process, you can see specifically what it is we look out for when we put a Canadian sports betting platform through its paces, and how we choose the best sports betting sites to add to our top 10 list. As the pace picks up within the world of Canadian sports betting sites, those looking to place a wager need to get up to speed quickly. As the number of sites around has increased, the way that they compete for customers has changed. UFC has seen a huge surge in popularity in recent years and is a firm favourite with bettors in Canada. We only recommend sites that carry the highest standards when it comes to security, safety, and customer support. On top of this, you should also keep an eye out for free bets, cashback offers, and refer-a-friend bonuses.{/INSERTKEYS}{/PARAGRAPH} This bet can be made when opting for a point spread or moneyline depending on the sport. When looking to understand how sports betting odds work, bettors will find that different sites make use of different odd types. Betting fans in Canada enjoy gambling on a huge variety of sports in , but there are five that always prove particularly popular online. Online sports betting in Canada is thriving, with a huge number of bettors now choosing to get in on the action using their computer or mobile device. Bettors in Canada will be aware of the huge opportunities for betting when it comes to basketball, with local team the Toronto Raptors competing in the Atlantic Division. Listed as either a positive or negative number, usually with a currency symbol attached. The team regularly reviews all the recommended sites to check their performance and update information in the reviews. There is no better 'try before you buy' option than an appropriately-sized bonus. Here we'll show you how these sites compare, covering everything from markets and bet types to banking and security. If you are looking to lay your money on the line at any major Canadian sports betting site, these are the markets and bets that you should become accustomed to. More and more Canadian sports betting sites are appearing on the internet in with the continuing popularity of sports betting. Cashback promotions simply give you cash back on a losing bet. Thankfully, we are here to help, as we have a few ready-to-go tips that are sure to have you fit and firing next time you step up to place a wager. A parlay bet also known as accumulator bet is perfect for those who like a little risk and want to ramp up the odds. Canadians love hockey - that's a universal truth! Sign-up bonuses are usually awarded with your first deposit. Sometimes referred to as continental odds or European odds, decimal odds take the form of straight numbers and decimals. {PARAGRAPH}{INSERTKEYS}Get up-to-the minute odds for every big game and fixture on the best Canadian sports betting sites and apps. During this part of the review process we explore the deposit and withdrawal methods deposit and withdrawal methods that are available. In addition to that, we like to see sportsbooks offer extra features such as live streaming of events, data and stats and the option to cash out your bet early. With the increasing number of sportsbooks available online, a significant number of Canadian bettors have already fully embraced the shift to digital. This means that with a teaser, you will face worse odds, and with a pleaser, the odds will be better. After the sign-up bonus, a free bet is the most common type of online bonus. The favourite has to win by the margin bet upon, while the underdog has a buffer to lose the game by the same margin β€” or win outright. Sometimes listed as an outright bet, a moneyline requires you to simply select the outcome of a match, race, event, game, fight, or contest β€” essentially, who will be the winner. So, how does sports betting work? These can take the form of free bets, odds boosts, cashback, and more. You select a bet, and then add successive wagers on top of this to create one large bet. This type of bet is often used for basketball bets where the underdog can take the win. If two of your three predictions turn out to be correct, you will win some money. While there are plenty of excellent online sports betting sites, some have been known to abuse bettors' trust and leave them out of pocket. If you'd like to start betting now, check out our list of the best Canadian sportsbooks below. The point spread move can be either in your favour, or against. If you are concerned about the quality of a betting site, stick with our shortlisted sites, which have all passed various quality and security tests. When you opt for a straight bet, you will wager on one outcome of a single game. The percentage of cashback may vary, but this type of bonus can certainly soften the loss should a bet come up short. Bursting onto the scene in recent years, these sign-up bonuses with a decent set of terms and conditions can give you some free cash to stake with. Kicking the action level up a notch, in-play betting is based around placing wagers in real-time while a sporting event is in progress. Take advantage of a great range of betting options, with over 40 events and hundreds of fights scheduled each year. Shop around until you find some worthwhile freebies. You can move the point spread on all related games by a fixed amount of points in exchange for a different return. The online sports betting scene is exploding in Canada, with more brands in the mix than ever before. Any sports betting site that earns our stamp of approval will be loaded with markets for the biggest sports, in North America and beyond. To win, a straight bet must cover the point spread or to at least get your money back, the game outcome must be a tie. 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