Sweepstakes and sports betting in Canada: differences

As in the case of Canadian casinos and lotteries, the only bookmaker in Canada that legally accepts alberta sports betting is the state. This program is called Sport Select and is called differently in different provinces (for example, in Nova Scotia it is called Pro-Line).

Such “nationalization” of sports gambling has both advantages and disadvantages, let’s take a quick look

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Sports betting in Canada – the disadvantages of the system

How to immigrate to Canada as an investor? As in any case of a state monopoly, the main disadvantage is the lack of betting competition. I myself made a bet only once – out of curiosity (and did not win ) and even then I noticed the boring and uninteresting system of accepting bets. And after reading the complaints of those who need it vitally, I was convinced of this once again.

Firstly, bets are accepted ONLY on two games together, you cannot bet on the result of one game, which I personally find strange. It is said that betting on ONE game (even under government control) is illegal in Canada. But betting on two games together is legal. But in this case, the probability of winning, of course, is halved. Hmm… Perhaps someone who knows the Canadian criminal code will read this post and explain this strange situation. I will be grateful.

Secondly, the choice of bets is small – several football games, several hockey games, etc.

Thirdly, experts say that the bookmaker’s profit in Canada is overestimated. Let me explain with an example:

Let’s say the probability of the outcome of a football match is approximately: 50% for a draw, 30% for one team to win, and 20% for the other team to win. Together, this will, of course, be 100%.

Bookmakers profit by slightly changing this percentage when placing bets. In countries where there is competition between bookmakers, this profit is approximately “assigned” at the level of 10%. In Canada, this profit is kept at the level of 30-60%, and sometimes reaches 200%.

For the player, this means an even greater reduction (haha :D) of the possible winnings. That is, for example, by betting $100 on some game, in the USA you can win $100, and in Canada, let’s say, $70.

Fourthly, the system was created for “entertainment” gambling, and therefore professional players in Canada are trying to protect obstacles;). For example, when there are high single bets on an event, Sport Select can arbitrarily limit the acceptance of bets, which, of course, will not please ordinary participants who would like to place a bet.

And fifthly, the “icing on the cake” of the shortcomings of the Canadian sports betting system is a complex scheme of draw results. Although a tie is a rare result (except in football, of course) – in Canada it is offered as a possible result (regular time in hockey or a score of less than 5 points in basketball is considered a tie), which, of course, also reduces the likelihood of winning and is considered by connoisseurs as a veiled way to increase the bookmaker’s profits and the height of injustice for players.

Advantages of a Canadian bookmaker

The state as a bookmaker is a guarantee of honesty (of course, we are talking about the Canadian state) The likelihood of cheating and deceiving an individual player is minimal. Unless, of course, the above-mentioned shortcomings and cunning schemes are not considered cheating.

And the second important plus, as in Canadian lotteries and casinos, is that winnings are not taxed. Everything you put in your pocket stays in your pocket.