Online Sports Betting & Betting Sites in Canada

Best Sports Betting App 

As the online gambling industry grows, so does the number of betting sites Canada has to offer. Popular sites such as LeoVegas now have mobile apps that integrate the best betting features one can find on a desktop.

LeoVegas is a casino and bookie combo with arguably the best odds in Canada. Having been an industry leader for so long, the site knows its way around the favourite Canadian sports and their odds. Bettors can place stakes on sports leagues like NHL, NBA, NFL and MLB. In addition, the bookie will reward you with a generous welcome bonus for joining!

Casumo Casino is one of the best betting sites Canada offers. Thanks to its user-friendly design and flawless game graphics, the brand is favoured by many. And as per request from Casumo devotees, the bookie now offers an app for iOS and Android. Players can make their pick from the most popular Canadian sports: cricket, cycling, darts, ice hockey – the list goes on!

How to Bet Online – Glossary 

When placing your first bet, you may find yourself bewildered by all the different betting types and slang phrases. Therefore, we’ve put together this glossary with the most important terminology. Feel free to use this list as a reference when you encounter an unfamiliar word.

To get started, we’ll first explain the 3 types of odds:

1. Fractional (British) odds – most often found at British betting sites, these odds are typically displayed like this: 5/1 (five to one). This odds format is the most popular among the 3. In this case, five-to-one odds means you’ll win C$6 for every C$1 you gamble, plus you’ll get the amount you wagered back.

2. Decimal (European) odds – This odds format is most popular in Canada, as well as the majority of European countries. The odds are presented in decimals, and the smaller value represents the top dog:
   – Team 1: 5.00
   – Team 2: 3.00
   These odds mean that you’ll win the value displayed for every C$1 you bet.

3. American (moneyline) odds – This type of odds is popular in the United States. The format calls for a top dog and an underdog accompanied by a plus (+) and minus (-) value, respectively. This is what a moneyline bet may look like:
   – Team 1: +100
   – Team 2: -100
   The number accompanied by a minus sign indicates how much you must wager to receive your payout (amount won plus initial stake). The number accompanied by a plus sign indicates how much you’ll win if you bet C$100.

Now that we’ve explained the various types of odds formats, we can get into other crucial terminology:

• Accumulator/parlay – A bet that consists of multiple bets that, when won, accumulate more money. If one of these bets is lost, you lose the entire accumulator.
• Against The Spread – A phrase for placing a bet on a point spread.
• Bookmaker – The person or online bookie that places the odds for each game.
• Bankroll – Your online bookie balance, a.k.a. money you’ve deposited into your account.
• Betting unit – The size or worth of a bet.
• Bonus – A promotion offered by online sportsbooks that can come in different shapes and sizes (welcome bonus, free bets, deposit matches, etc.).
• Flat betting – Betting the same amount of money every time regardless of your bankroll size.
• Handicapper – A person that predicts the winner of each game by taking into account team standings.
• Kelly Criterion – A bankroll management strategy that helps bettors minimize losses and maximize winnings.
• In-Play betting – Also called live betting, it means you place a bet at the game unfolds on your screen.
• ROI – An acronym for Return On Investment, a.k.a. profit made off of a bet. Usually, this amount is calculated with the following formula: [(Total payout / Total amount bet) -1)] x 100.

Tips for Betting Online

Online betting is no rocket science. However, all experienced bettors have a go-to tactic for winning a stake. Whether following the Kelly Criterion model or practising flat betting, you will encounter a cold streak if you don’t develop your own strategy. 

Here are some tips to get you on your way to developing the ultimate winning tactic:

1. Keep track of every bet – We recommend creating an Excel sheet or downloading one off of the internet where you’ll write all your placed bets. Then, one by one, you’ll track their outcome and how much you’ve won/lost. This will help you predict the outcomes of future games as well as give you insight into which strategies tend to fail.

2. Place single bets. Parlays are recommended for more experienced players, whereas single bets are superb for betting novices. Placing single bets will help you minimize your losses and increase your winning chances.

3. Implement the flat betting strategy – To keep track of the money you make or lose, we recommend choosing a set bet size. Furthermore, if you’re just starting out in the world of betting, consider wagering 1%-3% of your bankroll, but not more or less.

4. Place bets on favourites – Statistics show that favourites have almost a 60% chance of winning in some leagues. And while betting on the top dog will earn you less money, your chances of winning are higher. However, betting on underdogs poses a high risk, but it can result in loss of profit.