Best Sportsbook Canada
©2014 Best Sportsbook Canada
What is the best sportsbook for people in Canada? If you're asking that question, you're likely looking for an alternative to playing the provincial sports lottery games. Good for you. The sports lottery games offer some of the lowest possible payouts to the Canadian sports bettor. You could be enjoying payouts that are 40% to over 80% higher on the same parlay picks by playing with online sportsbooks instead. After all, you bank and shop online because it's secure and saves time and money. You can achieve the same economies and conveniences with your sports betting by winning more and playing faster with a sportsbook that legally takes bets from Canadians. But how do you know which online sportsbook is best when there are so many available?
I’ve reviewed twenty sportsbook brands and culled my list down to the four best ones based on the issues important to Canadians like currency and deposit method issues and the betting options within our favourite sports. In addition to higher payouts than the provincial lottery games, these sportsbooks offer the convenience of allowing you to place bets with your mobile device through free downloadable apps or your mobile browser.
Note my Proline odds review blog to the right to compare how much more you could be winning by switching. I select random game and compare the odds and payouts to these sportsbooks. Best Sportsbook Canada also offers reviews, an outline the importance of being a Canadian Dollar Sportsbook and much more.
Quickly Compare the Best Sportsbooks for Canadians
Interested in comparing mobile sportsbook options?
High roller sportsbooks with high betting limits
Each of the sportsbooks that I list allow you to view current odds and place bets
at the tap of your smartphone or tablet device. This is a fantastic service if you
want to check live scores on demand or are always on-
Each online sportsbook that I list has sufficiently high limits for most sports bettors. However I understand that there are individuals with the wealth and the desire to push the limits of sports betting. And they want to know which sportsbook has the highest betting limits. Each service structures their limits in unique ways. I outline all the information you need on my
Bodog was developed by Canadian Calvin Ayre and is one of the oldest names in the
business, established in 1994. Although he no longer owns it, Bodog is specially
targeted to the Canadian market, so you know they cater our needs. For example,
they are the only sportsbook that accepts the popular-
Pinnacle has been in business since 1998. They are known for operating on razor thin margins. In other words, they tend to consistently offer the highest paying odds. Pinnacle calls this 'A bonus for life.' If having consistently high paying odds is of most importance to you, Pinnacle is likely your best option. Read the full review here.
Sports Interaction is a unique in that they are both located and regulated in Canada from a Mohawk territory near Montreal. If stability and trustworthiness are of utmost importance to you, you'll likely believe that Canadian regulation will secure any deposits and winnings that you have, just as Canadian banking regulations ensured our stability in the recent banking crisis. Read the full review here.
About my sportsbook listings: I only list the best. I do not list online sportsbooks that failed to meet my standards, so you might notice some big international brands missing. Remember, I analysed each company from a Canadian perspective. Many of the big brands just don’t cater to Canadians well enough.
I reviewed 20 services, but why don’t I list all 20? Would you want to read through 20 sportsbook reviews? Would you then sign up with the 17th best one? Of course not. So why would I try to create confusion for you? I keep it simple with the best few.
I don't try to fool you with phoney grades, rankings or star ratings. My list is in alphabetical order and I just give you the unbiased information, you choose the best one based on your preferences & requirements.
Reasons to switch from sports lottery games to a top sportsbook beyond higher payouts:
1.) You can wager on single games, not be forced into playing parlays.
Are you tired winning the first four games on your ticket only to lose out on the last result? When you bet single games, this will never happen again. Online sportsbooks allow single game betting as well as parlays with way better odds than provincial lottery sports games.
2.) You can wager on an unlimited variety of sports and leagues from around the world.
Want to bet on basketball, tennis, college sports, MMA fights and more? Perhaps you are interested in all the different soccer betting options if you like to bet on the English Premier League or other big leagues. Online sportsbooks offer unlimited choice.
3.) Cutting edge betting technology makes them far more convenient, saving your time.
Do you hate rushing over to the convenience store to get your Proline ticket before your games start? Aren't you busy enough? These sportsbooks allow you to bet when you want, where you want with intuitive betting platforms for your PC or mobile device through mobile optimized sites or free apps. They are super easy to use and you can fund your account with your credit card or by any one of several easy to use online payment methods similar to Paypal. One of our sportsbooks is the only one in the world that accepts Interac Email Money Transfers.
4.) You can bet live in play to increase your enjoyment, maximize winnings & minimize losses.
Have you ever been too late to get your ticket? That will never happen with our sportsbooks because they allow you to bet in play, while the game is ongoing. This ensures that you never miss a bet, plus it can further enhance your enjoyment of the game because you can double up, or win back what you might lose.
high roller sportsbook page. You will see that Pinnacle Sports has a very simple limit structure and extremely high limits. Pinnacle is also well known for being the sportsbook with the lowest juice, or in other words, they often have the best paying odds.
Sportsbook Review Criteria
William Hill is a pioneer in the sportsbook business, established in 1934. Listed on the London Stock Exchange, they are a prime example of a trustworthy and rock solid company. William Hill understood the importance of our Canadian betting market a long time ago as one of the first international services to offer Canadian Dollar betting and friendly banking methods. Read the full review here.
Are you interested in comparing sportsbook odds for the games of your choice? The potential payouts can really vary significantly depending on your picks, especially for combination or parlay bets. If so, you might want to visit OddsJet where they have a site version just for Canada with sportsbooks that serve Canadians.
Odds, lines & spreads: how sportsbooks make money
Many people have a misconception about how top sportsbooks earn their revenue. Sportsbooks generally do not favour one side or another for a particular bet. In fact, a sportsbook’s aim is to set the handicap and/or the odds pricing so that the amount wagered on the game is such that the winners’s bets can be covered by all losing bets. This is because sportsbooks are not trying to have a massive windfall where most of their customers lose big on a game. Situations like this are very risky as the result could go the other way, potentially resulting in a huge loss. Instead, by ensuring that the losing bets cover the winners, sportsbooks guarantee themselves a small fee built into the odds pricing of each match. This fee is called ‘juice’ or ‘vigorish’ or simply the ‘vig.’
Let’s look at some numbers to debunk the misconception and then illustrate the reality
of how sportsbooks hope to operate. To do this, I’ll use a fictional football game
in both examples. Let’s assume we have New England favoured by -
Here’s why they move the line: If they didn’t move it, the total amount wagered between the two sides could be significantly different which exposes the sportsbook to risk, and they want to minimize risk and guarantee a return.
Assuming odds pricing on each team at 1.90 (this number will vary by company), an
imbalanced handle (the total amount bet on a game) could lead to either a huge gain
or loss to the sportsbook. If they don’t move the line to equalize the handle, the
result could look like this: Let’s say $2,000,000 is bet on the game with $1,500,000
on New England and $500,000 on Buffalo. If Buffalo wins, the sportsbook will make
a significant profit as only $950,000 will need to be paid back to bettors with $1,050,000
left as revenue for the sportsbook from those that lost their bet. However, if New
England wins, the sportsbook would have to pay out a total of 2,850,000. $1,500,000
of this is simply the stake being returned to bettors. However there is still $1,350,000
in winnings to pay bettors and the losses from Buffalo bettors are only $500,000
This is why the sportsbook wants equal money on both sides of this bet, it guarantees
that the winners’ bets will be covered by the losers’ bets, and the sportsbook itself
will take a small profit through the odds pricing -
Assume the same $2,000,000 is bet on the game in total and there is $1,000,000 bet
on each of New England and Buffalo. The odds pricing will be assumed again at 1.90
on each team. This means that a payout will equal 1.90 times the player’s stake.
The 0.10 (2.00 -
This principle of fluctuation is also applied to over/under lines and on moneyline wagers. With moneyline wagers (outright winners or draws where applicable), it will be the odds pricing itself that fluctuates based on player betting patterns. Odds will shorten or lengthen in order to encourage or dissuade further bets in an effort to equalize the payout risk no matter the outcome. With the over/under, the total itself will move up or down in order to balance the wagers on both sides of the result.
Remember, it is far more palatable for sportsbook companies to guarantee a small profit on each game while minimizing the risk of a big loss.