There are a ton of reliable and dependable offshore sportsbooks that are available for Canadians to bet on sports. Some Canadian approved offshore sportsbooks accept large wagers, while others will only accept small wagers on the various sports. In this article, we will cover the basics of betting in Canada.
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Betting Online in Canada
When you make the decision to open a offshore betting account and reside in Canada, there are several things that you must consider to make sure you are operating and placing wagers in a safe and legal manner. The first thing you will need to do is find a sportsbook that will allow wagers, deposits and withdrawals from Canada. Not all offshore sportsbooks are authorized to accept wagers from Canada so it is very important that you do your homework and find a sportsbook that fits your needs. Many of the online sportsbooks that you will find that accept wagers from Canada are located offshore in Costa Rica, Panama, Curacao and the Philippines, as well as Kahnawake Mohawk Territory and the United Kingdom.
Whatever offshore sportsbook you decide to open an account with and no matter where they are located, the first thing you need to do is make sure they are fully licensed so you can hold someone accountable for your funding and withdrawals. Many of the offshore sportsbooks have regulations and the Kahnawake Mohawk Territory has strict regulations, to sort of protect the bettor.
When you are looking for a Canada Sports Betting website to utilize, you’re going to want to spend a great deal of time finding out about bonus structure, deposit methods and how you can make withdrawals. It makes no sense to open an account, spend a decent amount of money on a Canada Betting Site, only to find out you can’t make a withdrawal or the company doesn’t provide withdrawals in the form you prefer. Do your due diligence and make sure there are no unanswered questions prior to opening your account.
Legalities of Betting in Canada
As with anything, you want to make sure what you are doing is legal and you are not breaking any regulations prior to betting in Canada. As many are aware, you can walk into most convenience stores, gas stations and grocery markets and place a parlay wager in Canada but you still can not bet single game wagers without using an online offshore account.
For many years now, Canadian authorities have sort of ignored the offshore sports betting companies and basically turned the blind eye to the industry. There is nothing written in Canada’s Criminal Code the restricts or states that online sports betting is illegal. There is very harsh restrictions about companies trying to start business in Canada that has anything to do with operating a online sports wagering company but nothing restricts Canadians from opening an account and placing wagers online.
Safely Betting in Canada
As with all hobbies and anything to do with money, there are also scams and schemes involved in offshore sportsbooks that can cause Canadians to lose money. Even when you are using the most reliable and Best Sportsbooks for Canada Sports Betting, there is always a risk involved. This is why it is so important to make sure you know what you are getting involved with prior to opening your account. You are going to want to cover all of your angles to secure your money and make sure that you are not a victim of a scheme or scam.
The majority of modern players tend to lean towards deposits and withdrawals that are made via Bitcoin. With the explosive popularity of cryptocurrencies in 2017, it’s no surprise that a lot of online players have realized the potential of digital cash with its highly encrypted security measures. With this method, players are given the option to protect their financial data and credit/debit card details from the internet – the whole network utilizes a unique 34 character encrypted key for each user (similar to an email address).
Your wallet which these encrypted keys open are extremely safe, especially if you opt to use a hardware version. Additionally, there are secondary security measures such as 2-factor authentication through Google’s app, email or text message that you must approve before money is processed in any form.
Most of the best Canada Betting Sites are already equipped with the option of allowing their players fund their accounts with Bitcoin. It’s already viewed as a global payment method and there’s no doubt that it will become one of the most popular means of depositing money to offshore sportsbooks due to its increased security and anonymity.
Another thing that we want to point out is pretty much common sense but we will still mention it is that you should never, under any circumstance give out your username or password to your offshore sports betting account, or any passwords associated with your Bitcoin or credit card accounts.
Things to Look for When Betting in Canada
The first thing you will want to consider when selecting an offshore sportsbooks is do they allow betting on the sport that you are interested in. Most offshore Canada Betting Sites will offer most American Sports such as football, baseball, basketball and of course, it wouldn’t be Canadian betting if we didn’t include hockey.
The offshore sportsbooks will also need to have the means to not only accept your deposit but also to make a withdrawal. You will want to make sure that however you plan on sending and receiving money, is accepted by the sportsbook. Finally, one last thing we want to cover, you are going to want to make sure that the Canada Sports Betting site offers odds and lines for the style of betting that you prefer. It doesn’t make any sense to sign up for an account at what you think is the Best Canada Betting Site only to find out that they do not accept the style of wager that you prefer, such as over/under or prop plays. Do your homework prior to signing up for an account!