Do Canadian casinos have sports books?

Sports betting is always thrilling and many casinos offer various sports books to indulge in both offline and online sports gambling.  Though betting on sports has been legal in Canada since the 1970s, but only those Canadian sites which operate under the auspices of the provincial Gaming Commissions may offer sports betting. These sites include land-based casinos and race tracks, and such gambling venues exist in almost every Canadian province, under the supervision of each province’s designated gaming corporation.

The Canadian provincial gaming corporations include

Sports betting is offered through these entities both at land-based sites and through their provincial lottery activities. Canadians can also place bets at offshore sites, such as online casinos and online sportsbooks. Note that wins from sports-betting is not taxable under Canadian Law.

You can find sports betting in land based casinos like Caesar Windsor’s, Casino Niagara and few others. Besides different sports car and horse racing are popular activities in Canada. Some of the biggest on-site race-tracks in Canada are the Woodbine racetrack in Ontario, just outside of Toronto, Ajax Downs in Ajax, Ontario, the Assiniboia Downs in Winnipeg, Manitoba and the Fraser Downs in Surrey, British Columbia.

Car racing venues in Canada with a large variety of auto-racing options include the Atlantic Motorsport Park in Nova Scotia, the Autodrome St. Eustache in Quebec, the Canadian Motor Speedway in Ontario and the Gimli Motorsports park of Manitoba.

Parlay Betting

Sport betting at canada

In Canada, wagering on a single game is prohibited. Instead, the law requires gamblers to correctly predict the outcomes of a minimum of two games, known as a parlay. According to the Canadian Gaming Association, Canadians spend $500 million a year on parlay – or multiple – bets and over $10 billion on single sporting events.

Parlays can attract recreational gamblers by offering more enticing payouts, but they’re also more difficult to win than single-game wagers and only get tougher as more games are added to the ticket On top of that, if bettors do manage to cash parlays with their provincial lotteries, they receive a lower return than they would get from betting the same parlay with an offshore book.

For example, a $50 bet on a three-game parlay placed through the Point Spread game offered by the OLG (Ontario’s provincial lottery corporation) pays $250 (five times the amount wagered). That same play on Bet365, a popular offshore site, pays $300 (six times the wager).

Therefore sharp bettors turn offshore, where they’re also allowed to bet single games, as they would be at a Las Vegas casino or in a country like the United Kingdom that has legalized sports betting.

There is nothing specific in Canada’s Criminal Code to suggest that it is illegal to bet online. However, it is not legal for just anyone to accept wagers in Canada. For example, a group or organization can’t simply set itself up as a sportsbook. The requirements involve meeting certain conditions, which explains why there are no Vegas land casino sportsbooks in Canada. Many Canadians even make a living betting on sports professionally with no interference from the government.

Single Sports Betting

sports betting at Land Casinos

For sports bettors in Canada who want to bet via one of the provincial Lotteries or at a casino site, the only option at present involves team betting. A bill to allow single-sports betting in Canada has been languishing in the Parliament since 2012. The bill, which would repeal a section of the Criminal Code that prohibits betting on a single fight, sporting event race or athletic contest, passed the House of Commons but it hasn’t made it out of the Senate and patience is wearing thin.

The Conservative caucus forms the bulk of the opposition. Members of the caucus see the introduction of single-sports betting as one more immoral activity that the government would be sanctioning, and has equated the gambling with legalization of drugs.

According to the proposed legislation, each province would be allowed to make the change that would enable gamblers to bet on one game at a time rather, than the present possibility that only allows them to bet on multiple games.

Although the bill received unanimous consent from the House of Commons, the Senate has been able to prevent the legislation from becoming law. In Ontario, Charles Sousa, the province’s Finance Minister, has called for the bill to be passed. He believes that it will create new sources of revenue for the Gaming Corporations which then use their revenues to support charities such as hospitals and education.

Online Sports Book

Sports book online

As far as online sportsbooks, almost all sportsbooks accept bets from Canadians, with only a few sportsbooks who refrain from serving Canadian bettors. As of today, no one in Canada has been prosecuted for placing an online bet. The Canadian government allows online sportsbooks to operate in every province, so even without saying so directly, sports betting is, by default, legal in Canada. Some of the online casinos that offer sports betting for Canadians include Sports book, Bodog, Betway, Bovada, Bet 365, 5Dimes, GT Bets, Bet Online, Top Bet, Sportingbet and many more.

Sports betting online sites include sports betting options on a wide variety of pro and college games such as NFL games, league sports, football (soccer), horse racing, tennis, American college football, basketball (both professional and college), rugby, car racing, horse racing, golf, cricket, cycling, volleyball, darts, boxing, ice hockey, snooker, martial arts, volleyball, handball, judo, swimming matches, and specialized events such as Olympic sports, winter sports and matches with varying rules.

If winnings at Canadian Casinos are not taxed that does not mean that same rule applies to Sports betting.  For people for whom sports betting is their primary income, the income must be declared. For individuals who have a full time job and engage in sports betting as a hobby, and for whom the income is not a  primary source of  income,  there’s no need to claim it as taxable income.

When doing sports betting online always make sure that you enter a reputed website which is Canadian friendly and offers great bonuses, exciting sports gaming, Canadian deposit options and 24/7 customer support to clear your doubts.