If you’ve been looking for one source for all your betting-related questions, you’ve come to the right place. Casinoble is your Canadian betting guide, introducing the thrilling world of bookmakers. We cover every topic imaginable, so you wouldn’t miss out on anything important for your gambling venture.
In the following article, Casinoble explains how sports betting works and how you can start making better bets. Grab a cup of joe and let’s get started! Just a hint: we’ll also cover betting bonuses, free bets, odds, live betting and much more.
Casinoble takes good care in checking every sports betting site thoroughly. Our team has years of experience under our belt, enabling us to see through weak bookmakers right away. That’s how we can bring the best 2021 bookmakers to you.
Every time we find a new betting site, we pay special attention on the following aspects:
Though old well-established sites can be most reliable, they might not always work out for your betting needs and desires. Sometimes, fresh bookmakers have a new take on the betting world. That’s why Casinoble puts a lot of work into testing newly established sites as well, though in this case, our check-ups are even more rigorous. After all, our goal is to bring the best sites to you, no matter if they’re new or old.
When it comes to new betting sites, odds or betting markets aren’t the most important factors. Instead, proper licensing has the highest priority. Every single new betting site should adhere to Canadian laws and of course, be granted a gambling license. Canadian players might prefer playing at offshore betting sites – if that’s the case, a license from Malta Gaming Authority and/or British Gambling Commission is a must.
If a new betting site doesn’t have a license, we won’t feature it at Casinoble – that’s a rule we’ve set in stone. After making sure there’s proper licensing, we can start introducing the bookie’s fascinating options, odds and bonuses.
One side of sports betting is figuring out the best matches, finding the best odds and understanding the essence of the game. However, sometimes that’s not enough. Earning actual money with sports betting can be complex. Sure, you can win money when you place bets on “sure things” such as World Cup winners but if you aspire towards regular betting, you have to be more strategic with your money.
The first and most important rule of sports betting is simple: winning huge amounts with one bet is not the priority. The actual goal is extending your money longer and increasing profits with smaller wins. If you place your money on more secure bets with lower odds, you might not win noteworthy sums but your chances to win are much greater.
In the end, sports betting is like a coin toss: your chances to win are always 50/50. You can either win or lose, there’s really no other option. The only thing you can do is bet strategically and avoid chasing lucrative bets (which often end up losing).
Every sportsbook aims to find new players and that’s exactly what betting bonuses are for. Many sites offer free bets and deposit bonuses as part of their welcome package – that’s the site’s way of greeting you to their loving embrace.
Bonuses can be versatile, so your first goal is to understand which bonus works the best for your betting style. In the following sections, we’ll uncover a few things that concern the most common betting bonuses.
Deposit bonuses are by far the most extensive and loved sports betting bonuses. Virtually every bookmaker out there offers some sort of a deposit bonus, though the actual bonus can vary massively: some are generous, some are average, some offer money, some offer free bets.
In its essence, a deposit bonus doubles your money according to your deposit and the fixed bonus percentage. For example, if you redeem a 100% bonus and deposit 80 dollars, the betting site will add another 80 dollars to your account (matching your deposit 100%).
Deposit bonuses are great for both beginner punters and more experienced gamblers since they offer some additional cash, making your betting budget more flexible.
At first glance, this bonus seems too good to be true. As the name suggests, you don’t have to make a deposit in order to receive the bonus. The bookmaker simply gives you a little gift, so you could explore the site and discover whether you’d like to gamble more or not.
While this sounds generous (and it is), no deposit bonuses are very small, usually ranging from 10 to 20 dollars. That’s a reasonable sum, enabling you to make a few bets but at the same time, it’s not too much for the bookmaker to offer. In the end, the company hopes to convert you into a “paying customer” – that is, a regular punter.
No deposit bonuses can have some wagering requirements or other restrictions, so before accepting the offer, make sure you understand what you’re agreeing to.
Free bet is a special bonus offer meant just for sports betting. Some bookmakers also call these risk-free bets, giving a better idea of what the offer entails.
In a nutshell, free bets allow you to place actual bets but if your bet ends up losing, you won’t lose any money from your own bankroll (so, you won’t risk with your money). If you end up winning, you’ll get to keep the wins.
To make this a bit more clear, here’s an example. Let’s imagine you deposited $100 and receive a free bet of $20. Here’s how your betting action might turn out:
You place a $20 free bet but you lose. Your balance will still be $100.
You place the free bet with odds of 2.00 and you win. Your balance will have $120.
You place the bet with odds of 1.01. You win and your balance will become $101.
Risk-free bets are popular but rather small (for obvious reasons). Nonetheless, you’ll find a free bet offer at almost every sportsbook out there.
Odds: the one word that’s in the mind of every punter every day they make new bets. Odds determine how much money you can possibly win if you make a successful bet. This numerical indicator is marked on every match and often, it’s a telltale sign of which prediction might be the most likely or which bet might be kind of far-fetched.
Here’s an example to help you understand odds better: let’s say you want to bet on Toronto Maple Leafs winning in their match against Montreal Canadiens and Maple Leafs’ odds to win are 1.20. If you make a bet on their win and it ends up being correct, you’ll receive money in the worth of your bet times odds. For example, if you bet $10, you’ll receive $12 back.
This is how single bets work but you can also combine bets to increase your winnings further. In combined bets, the odds are added up and if every one of your bets wins, you’ll receive the higher odd.
Odds are set by sportsbooks, based on the likeliness for a team to win. The stronger the team, the lower the odds are because it’s more likely for the team to win and vice versa, if dealing with a weaker team, the odds are high because it’s much less likely for the team to win (thus, the bookmaker doesn’t believe it has to pay out a larger sum and they’re happy to offer such high odds).
Online sports betting grows bigger by the hour. Within just a few years, tens and tens of new betting options, odds and markets have arisen, bringing more and more sports fans to bookmaker sites. Plus, betting sites are more approachable than ever before, enabling even casual sports fans to place a few bets on their favourite teams.
Beginner punters might think they can only bet on outright match winners or the end result but actually, online betting offers countless betting options that apply to the whole extent of the match.
The selection of sports has also increased dramatically. You can bet on far more than just soccer, hockey or racing – you can make bets even on darts, snooker or chess.
In the following sections, we’ll focus on a few important things you should know before starting with sports betting. Don’t miss out on these tips because these are essential pointers for every new punter.
There’s a suitable sport for every kind of bettor. Some punters enjoy soccer bets, some are true hockey fans (aren’t we all), some prefer Formula 1 races. You can bet on tens of different sports at every high-value bookmaker, so your chances to win and make some extra cash are better than ever.
If sports betting is unknown territory for you, you’ve come to the right place. Below, we’ll cover some of the most popular sports for betting, together with a few highlights on why that particular field is so valuable for new punters. Keep in mind that we’ve left hockey out for a reason – hockey is kind of a second nature for most Canadians, so there’s really no surprise if you’d like to bet on hockey. Instead, we’re highlighting a few less familiar fields which might offer more thrill and excitement.
Sports betting is all about choosing the right sport for you and knowing how to make the best out of that particular sport.
However, when it comes to betting, your favourite sport might not always be the best for betting. For example, you might be a huge hockey fan but that doesn’t necessarily mean it has the best odds. Instead, you might find better betting options from basketball or soccer.
In any case, you should always hedge your bets to lower risks, keep a keen eye on data and analyze matches thoroughly. This is the only way towards making better bets and getting more out of your money in the long run.
Hedge betting means making bets on various outcomes, so you’d end up with at least one winning bet. Even if one of the bets loses, you still win with your other bets. In other words, this is the kind of betting strategy where you essentially guarantee a win.
In addition to hedging, you should always diversify your bets. Don’t bet everything on a single outcome nor single betting market. The more the merrier!
Observation is the trump card of every masterful punter. Sport changes frequently and rapidly, making it almost impossible to go with your gut feeling. Instead, you have to keep a close eye on teams, players and situations, so you’d always understand where your money is best served. For example, if one of the key players of the team should injure himself during the match, it will change the whole outcome completely. That’s exactly why you have to study the teams and players thoroughly – even in the case of emergencies, you always know what to do next.
Observation goes hand in hand with gathering data. There’s a vast number of sites out there created solely for providing sports data for you. You can use those sites for your benefit or just follow news and updates to gather data yourself. In any case, equip yourself with knowledge. It’s not enough to just bet on your favourite player – if you want to find success in sports betting, data is your best friend.
To make your first bet, you should first understand the difference between the most common betting options. The following five betting types are usually found at every bookmaker site:
Without focus, there’s no point in doing anything in life but when dealing with money, it gets even more important. Even though anything can happen during a sports game, psychology and analytical thinking still have major roles to play. To make successful bets, you have to keep your mind clear, avoid emotional decisions and ignore temptations. It might be hard at first, but in the long run, this is how you become a more knowledgeable and successful punter.
It goes without saying that sports betting is one field you can’t interact with if you don’t know anything about sports. Sure, you can place some random bets but how far will you get if you just throw spaghetti at the wall? Knowledge is everything in sports betting. If you want to make informed bets and place your money on the best possible outcomes, you need to explore statistics, historical gameplays, the background of the team and its players or even create documents with your gathered data. Though tedious, it can save you a lot of money in the long run.
Every new bettor wants to know the answer to one question: when is the best time to place your bets? Should you make pre-match bets or live bets? Well, it depends on your desires, your risk tolerance, your budget and other factors. In reality, there’s no single answer for this but there’s one rule you can still follow: no matter what, never make impulsive bets based on some time restraints or just impatience. Every bet should be calculated and made with a calm collected thought process behind it.
Live bets are increasingly more popular for a very obvious reason. We all wish to make accurate bets but sometimes, it can seem impossible to place pre-match bets. Live bets grant you more accurate odds and better possibilities to hit the right predictions. Live betting equips you with a lot more knowledge and information. Remember, knowledge is king in sports betting, so it would be foolish to miss out on live betting.
Millions of people make sports bets regularly without their habit causing any issues in their personal life. That’s exactly what Casinoble aims towards. Our goal is to introduce sports betting to you and give you an idea of this world but at the same time, we always wish our readers to keep their heads clear and stay responsible.
It’s no secret that betting can induce gambling addiction in some individuals. While gambling is completely legal in Canada, we’d like to invite you to think more thoroughly about your betting habits and analyze them from a third-party perspective. If you feel your habits are starting to take over your life, it’s time to seek professional help.
Casinoble is always here to provide you information and assistance but we’d advise you to take caution while making sports bets. After all, this is the only way to make sure sports betting stays a fun hobby.
Casinoble is first and foremost a betting comparison site where you’ll find in-depth reviews of the best licensed Canadian betting sites. To bring the best sites to you, we adhere to strict standards that weed out weak sites. In the end, our recommendations will only showcase safe and trustworthy bookmakers.
Bonuses are very common, so you are not dealing with anything abnormal when you find a huge welcome bonus. However, to determine its actual value, take a closer look at the bonus conditions which detail every single thing you need to follow for redeeming the bonus. Casinoble also lists some of the best betting bonuses for you.
There’s no magic formula for finding the perfect betting time. Mainly, you have to remember available betting options. Live bets are widely known for their great timing feature since you’ll get to make bets during the match. In the end, though, it’s all up to you.
So many unexpected things can happen during a single match. Bookmakers adapt their odds accordingly during the match in order to provide the best odds (while making a decent amount of money themselves). If you made a pre-match bet, your odds won’t be changed though. Also, each bookmaker makes their own odds which is why you might see a significant difference between betting sites, even on the same exact match and outcome.
Usually, big events and tournaments are the most lucrative time, especially because odds might be better or you might have a clear understanding of the outcome. In any case, always do your homework and fetch information prior to the event.
Some bookmakers offer better markets, some offer better bonuses, some stun their players with great odds. Which site is the best, depends largely on what you’re after. A few bookmakers stand out from the crowd, so take a look at Casinoble’s highlighted betting sites which might be the best for your taste too.
If your biggest goal is to rake in as much cash with your bets as possible, you’ll clearly want a site with high odds. However, a word of caution: high odds aren’t necessarily a mark of a good bookmaker. Quite the contrary, higher odds might mean that the site is compensating from some other services or they might be just flat out bad, tempting players with lucrative odds. We advise considering the whole package of the bookmaker, not just the odds.
2021 is definitely the year of live bets and mobile betting (or live mobile bets). Since sport is such a dynamic field, you’ll probably want to make your bets on the go while the match is being played.
Sure, some online betting sites might have significant odds but as previously mentioned, it doesn’t necessarily mean it’s a good bookmaker. Actually, if their odds are much higher than elsewhere, you should be rather suspicious – it’s a massive red flag.
There are definitely some people out there earning their daily bread with sports betting but you should never ever make that into your goal. Sports betting is and always will be a fun hobby, nothing else. Casinoble recommends gambling responsibly and keeping sports bets as your hobby.