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Usually, this turnover requirement realizes itself as x number of times the value of the deposit. A decimal odds be will look like this:. Decimal odds are most commonly found at European sportsbooks, but punters from different countries such as Australia, New Zealand, and also Canada like them quite a bit. Free bets require practically no investment on your end of things and they can a nice way to win a few bucks. Fractional odds are popular with British and Irish punters, but they are also available at most online sportsbooks. Prepaid cards are one of the most readily available payment methods out there and you can acquire one with incredible ease. Canadian gamblers are some of the most active in the world and the size of the Canadian gambling market is growing with every quarter. Whatever the legalities are, the rules are enforced on service providers, which means that users will be held accountable regardless of their actions. However, this also means that you will enjoy unrivaled anonymity when using a prepaid card. Deposits made via credit card will clear instantly, giving you the opportunity to immediately start placing bets without having to wait for the payment to be processed. Domestic gambling operations available to Canadian residents can only be run by the regional governments and it is illegal in most cases for private individuals and companies to provide gambling services to residents. These provide punters with some form of value to entice them to register at a particular sportsbook. A free bet means that you can take on a certain bet free of charge to you. Online banking does not enjoy the attention that it deserves as this is an excellent payment service with quite a lot of versatility. Not only do these odds tell us which team is more likely to win, they also paint us a clear picture how much we can make if we bet on one of them. While this is true for the whole gambling industry in general, sports betting, in particular, has experienced a dramatic rise in popularity over the past few years, more specifically on the Internet, where Canadian users have a plethora of websites at their disposal. For example:. An excellent perk of this payment method is the added anonymity. Bonus money can only be withdrawn after completing a turnover requirement and abiding by the terms of the promotion. The size of the market is in a state of perpetual growth and users have never had more options at their disposal. You would be surprised to know that the vast majority of online sportsbooks offer some form of mobile gambling.{/INSERTKEYS}{/PARAGRAPH} A good alternative to credit cards are the multiple electronic wallet services supported by sportsbooks. Bet refunds are available at a large number of online sportsbooks provide punters with the opportunity to recoup the losses from a lost bet. Since most gambling websites offer mostly the same service they have to find different means of competing with each other. This includes leagues such as the NFL or NBA, though you will also find sports types like football, horse racing, hounds racing, volleyball, cricket and many more. Moreover, withdrawals are also quite speedy, clearing much faster than a standard bank transfer. It is still illegal to host a gambling website on Canadian soil, but punters can always frequent websites based abroad. So when looking at the figures we posted here, know that that would be your final bankroll. If you are such a punter, then you must probably be wondering what the state of the Canadian online gambling regarding mobile betting is. The legal aspect of online gambling for Canadian residents is nothing if not overly complicated and generally confusing. This payment service is a form of electronic money that exists only on the Internet and comes with its own set of advantages and disadvantages. Americans like to have their own system for just about anything and this also includes betting odds types. This would be an issue were it not for the many payment services supported by the online sportsbook. Using an eWallet, you can make deposits in a matter of seconds, allowing you to place your bets instantly. Moreover, you will be able to withdraw your winnings via the same method. Of course, since you will be placing bets on the Internet exclusively, you will not have the option to use physical cash. Deposits made via a prepaid card will clear through almost instantly. {PARAGRAPH}{INSERTKEYS}Canada plays an important role in the online gambling industry, being one of the most favorable countries to do business in and with a population that is always fond to place a bet. Moreover, many gambling websites may opt-in to pay your winnings in traditional currency rather than in cryptocurrency. While the practice has not been fully legalized, it is not against the law either. A commonly accepted prepaid service is Paysafecard, available at thousands of retail locations and widely accepted in the online gambling industry. Moreover, gambling operations hosted in Canadian jurisdiction are also against the law. Moreover, these odds only showcase your profit potential and do not include the original bet. As such, you will have to wager them a certain number of times before you can withdraw that amount. Popular cryptocurrencies support by online sportsbooks are Bitcoin, Ethereum, Bitcoin Cash, Dash, Litecoin and others. Similarly to fractional odds, American odds feature only the profit that you stand to make. When you visit an online sportsbook you will notice how each bet comes with its own unique odds. As a result, many gambling websites have begun supporting mobile versions or dedicated applications to satisfy this part of their user base. Since your eWallet is kept completely separate from your personal bank account, the gambling website will receive no concrete information about you and this is a feature that many punters appreciate. So it has become the norm that Canadian bettors visit foreign-based sports betting websites and there are no legal repercussions for that. In this article, we would like to better explore the Canadian online sports betting scene and give you some insight into some of the more important aspects of it, such as legalities, odds types, bonuses and promotions, payment methods and more. However, since they are also decentralized there is no customer support to rely on if things go wrong. Every now and then, the sportsbook may decide to refund a lost bet and credit your account with the whole sum, but in bonus funds. Credit cards are an excellent way to fund your online sportsbook balance. Moreover, you will also have to play at certain odds dictated by the sportsbooks and your maximum bet size may be limited. There are many sports that you can place bets on and you will find the most popular sports leagues available at most websites. Among the more popular online banking services for Canadian punters, we find iDebit, InstaDebit, Interac Online and others. Of course, you have to be wondering what sports do Canadian online sportsbooks support and offer to their user base. They are quite easy to read and understand, which explains their popularity. Free bets are another common promotion type and you can receive them at most online sportsbooks. Deposit bonuses are one of the most common promotion types in the online gambling industry. Using one such service, you will be able to efficiently and seamlessly control your bankroll, funding it and withdrawing money as you see fit. While this would be entirely dependent on the gambling website of choice, you will find that most sportsbook offer wide a range of sports and most can satisfy even the most hardcore of punters. This is where bonuses and promotions come in. Since there are a lot of different services out there, we will list some of the more popular ones below. There are many top-tier online banking services out there that will allow you to instantly deposit to your online sportsbook balance directly from your bank account. You will be able to use them at nearly any gambling website, as they are one of the most widely supported services out there. Unlike fractional odds, decimal odds also include the bet in the calculation. However, while the rules about brick-and-mortar establishments are clear, the same does not apply to gambling websites. It is a common occurrence that government-run sports betting shops are the only types available to Canadians. It is very important to read the entirety of the bonus terms and abide strictly by them, as any deviation from the norm may result in your bonus being taken away. A turnover requirement dictates that you must place a certain amount of money in bets before you can cash in a bonus. There are several advantages of using prepaid cards, one of which is the incredible speed that transactions are carried out. Cryptocurrencies are the fastest rising payment method in the online gambling industry and many websites are starting to accept them as a valid means of funding a bankroll. Sports betting websites are known to include three different types of odds and we will explain what each type means. If you win, you will receive a certain amount in bonus funds, and if you lose, it will not affect your bankroll. This way the user gets something for their troubles, while the sportsbook receives their business. Of course, there are many different types of promotions and each the details of each is entirely dependent on the sportsbook in question. Luckily, sports betting sites accept deposit via a plethora of different payment methods and you will be able to use them to fund your online bankroll. This is considered by many to be a legal grey area and so far, the Canadian government has not addressed it in any significant way. At most sportsbooks, you will be able to use Visa and MasterCard to make your deposit. With the rise of smartphones and tablets in our day-to-day lives, we have constant access to the Internet no matter where we are. The promotion comes with a turnover requirement of 4 times. This makes them into one of the easiest and most convenient methods of funding your balance. These are meant to represent the chances of a particular team winning and also indicate the payout you can expect to receive if you place a bet. The laws regarding the legality of sports betting on the Internet are somewhat elaborate and are not always understood by punters. These are offered when you are about to fund your sportsbook bankroll and they involve a match of your real-money deposit in bonus money. This has also led to an increase in the number of punters who place bets while on the go. Online gambling has always been big in Canada and it shows no signs of slowing down. Bet refunds are also entirely cost-free and you are given the chance to win your money back, which is by no means a bad thing. Moreover, due to the impersonal nature of this payment method, you will not be able to withdraw any winnings. In fact, a significant portion of the online gambling community exclusively uses mobile devices to meet their sports betting needs. As usual, the winnings from the free bets will be subject to certain requirements, similar to those that we discussed above. An eWallet is an online payment solution where you can control your finances on the Internet. For example, transactions are carried out in a matter of seconds usually and users enjoy great anonymity since cryptocurrencies are not connected to you in any significant way. A common feature of the online gambling industry, which includes online sportsbooks, is the offering of promotional incentives to prospective and loyal punters. Not only they widely accepted, but credit cards are also quite easy to acquire, being offered at nearly every bank. However, they all share similar features and we can give you some insight into what to expect. It is a win-win situation and it is a staple of the industry.