Best Crypto & Bitcoin Sports Betting Sites in Canada in 2024

Best Crypto & Bitcoin Sports Betting Sites in Canada in 2024

Our team has worked tirelessly to bring you the best in the business – and here they are! Check out the best crypto sports betting sites in Canada, as chosen by our team of expert reviewers…

Short Reviews of the Best Crypto Sports Betting Sites in Canada in 2024

If you want to jump straight into action, here’s some short reviews of the best crypto sports betting operators servicing Canada in 2024…

How to Start Betting at a Crypto Sportsbook in Canada

Starting to bet with cryptocurrency in Canada is simple. But if you've never done it before, let me guide you through the process with my quick step-by-step guide.

Choose a reputable crypto sports betting site

Start by selecting a crypto sports betting site from our recommended list. Look for sites with a good reputation and secure platforms. This ensures safety and reliability for your betting experience.

Open an account

Next, create an account on your chosen site. The process usually involves providing some personal information and setting up login details. Ensure you use a strong password for added security.

Buy cryptocurrency

Purchase cryptocurrency from exchanges like Binance or Kraken. Avoid exchanges like Coinbase that may penalize gambling activities. Choose an exchange that suits your needs and offers good rates.

Prepare your cryptocurrency

Transfer your purchased crypto to a non-custodial or hosted wallet. This step is crucial for managing your funds securely. Double-check your account's deposit address or public key before any transactions.

Deposit and start betting

Deposit your cryptocurrency into your sports betting account. Also, ensure the address is correct to avoid losing funds. Once the deposit is confirmed, you're ready to start betting. Don't forget to also check out the casino section, if the sportsbook has one. Casino games are a great way to mix up your betting style, and some even let you play casino games anonymously, so don't forget to check if the sportsbook also has a casino section.

Withdraw your winnings

When you win, you can withdraw your winnings from the sportsbook. Each platform has its own process for withdrawals. Make sure to follow the instructions carefully to safely transfer your winnings.

You can start betting with cryptocurrency on Canadian sports betting sites. Just follow these steps. Remember, responsible gambling is key. Always bet within your means and enjoy the experience.

How To Choose Your Crypto Sports Betting Platform in Canada

Choosing the right crypto sports betting site in Canada is crucial.

This guide helps you understand what to look for to have a safe and enjoyable betting experience.

License and security

It's essential to bet only on licensed sites. Above all, check whether you're allowed to play from Canada. In this sense, the leading crypto sports betting sites in Canada offer more security and reliability. They also ensure that the betting platform adheres to legal standards. A licensed site means that your funds and data are safer.

Reputation

Look for established crypto sports betting sites. These sites have plenty of information available online. Read user reviews and comments about the site. A good reputation usually means the site is trustworthy. You can also cross-check the information for authenticity if you have any doubts or concerns.

Welcome offer and other promotions

Compare welcome offers and promotions. You should always look for a crypto sports betting site that values its clients. Also, read the terms and conditions (T&Cs) of these offers carefully. Sometimes, what looks like a great deal may have conditions that don't suit your betting style.

Variety of sports, odds, and markets

I'm sure you already know this, but a great selection of sports and markets is essential to having a great betting experience. You want international and domestic games, matches, and leagues to bet on, and with a ton of different markets. Of course, competitive odds are just as important, so make sure the site you're interested in isn't adding more margins than other operators.

Plus, don't forget about live-streamed matches and in-play betting. The top crypto sports betting sites in Canada will let you bet on games in real-time, as you watch the action unfold on your chosen device. Say goodbye to expensive TV subscriptions!

Casino games catalog (where applicable)

Some crypto sports betting sites also double up as the best Canadian crypto casinos, so be sure to check out if the sportsbook also has a casino gaming section or page.

Casino games are a great way to spend some time while you're waiting for kick-off, or the second half of a match to start. Popular games include the best crypto slots, live casino, poker, and classic table games. Plus, take a look to see if the Canadian crypto sports betting site also has casino bonuses you can pick up.

Mobile compatibility

Consider the convenience of mobile betting. Check whether the site offers a native app or browser-based mobile play, then compare the pros and cons of each.

The best crypto bookmakers offer special bonuses for using their mobile app. Mobile betting allows you to bet on-the-go and participate in live games.

Payment options

Diverse payment options are crucial. Search for websites that have various payment options such as cards, bank transfers, eWallets, mobile payments, and, of course, cryptocurrencies.

Note that some methods, like vouchers or Boku, only allow deposits. Choose a payment method that suits your needs.

Deposit and withdrawal times

Consider the turnaround time for each payment method. If you’re using crypto, you’ll find that each coin varies slightly in speed, but generally speaking, you should be looking at instant deposits and very fast withdrawals.

Each crypto sports betting site also has its own pending/approval time as well. So I advise you to enquire into this if you’re someone who likes speedy transactions.

Customer service

Good customer service is vital. Check the available languages and range of options like chatbots, human help, email, and calls. Also, consider the customer service hours. Round-the-clock support is preferable, especially for urgent issues.

By considering these factors, you can choose a crypto sports betting site in Canada that best suits your needs. To have a safe and fun betting experience, prioritize security, reputation, and user experience.

Why Choose Crypto Sports Betting Sites in Canada?

You might be curious about why crypto sports betting is gaining traction in Canada. So, le'ts explore how cryptocurrencies can be used for sports betting in Canada.

Reduced geographic restrictions

Crypto gambling sites in Canada typically face fewer geographical limitations. You will often see that they welcome players from more countries in the world than traditional operators. However, just because a site says that you can bet there, it doesn't necessarily mean you can!

Remember, each country has its own rules and regulations surrounding gambling and the use of crypto. In the case of Canada, whether or not you can bet at a site depends on where you live. Each jurisdiction has a governing body with specific rules. For instance, Ontario has the iGaming authority iGO. Therefore, bettors based in Ontario are obliged to bet at crypto sports betting sites that are licensed in that territory.

Therefore, always look into the laws that affect you before you consider joining a crypto sports betting site.

Quick payments and high withdrawal limits

Crypto transactions stand out for their speed. Cryptocurrencies like Bitcoin or Ethereum often enable faster payments than traditional methods.

In addition, top crypto sports betting sites in Canada have high or unlimited withdrawal limits. This makes it easier to get your winnings quickly.

Potential for crypto balance to increase

Your balance in a crypto sportsbook could increase in value following market trends. But be careful, because prices could go down too. So stay informed about market changes.

Enhanced privacy and anonymity

Cryptocurrency use in sports betting offers increased privacy. You can bet anonymously on platforms, which helps keep you more secure online. However, be aware that this only applies to 100% crypto sports betting sites, not hybrids that also offer fiat payments like CAD or USD.

Traditional currencies are centralized, meaning they're governed by a bank or government, and as soon as you introduce centralized currencies into the mix, you'll be asked to prove your identity by the crypto sports betting site in Canada.

Cutting-edge technology

Leading crypto sports betting sites in Canada often incorporate the latest technology. Get ready for screens that are easy to use, look stylish, and have excellent phone apps that enhance your gambling experience.

Many offer special casino games too. For example, ‘provably fair’ games are gaining popularity. This genre includes titles such as Plinko, Hi-Lo, and Mines. You can also play Crash games in Canada at any site that offers provably fair titles.

Each of these games offers a short, simple, yet exciting gaming experience. The fact that they all use blockchain technology to ensure 100% random outcomes that players can check themselves means that provably fair games are only available at crypto-friendly sites.

The cool factor of crypto over fiat

Cryptocurrency is often perceived as more innovative and exciting compared to traditional fiat currencies. Betting with crypto introduces a fresh, modern element to sports betting.

Autonomy in betting

Betting with cryptocurrency offers greater autonomy. You can place bets without getting permission from banks or other financial bodies. This simplifies the process and puts more focus on the user.

Engaging in crypto sports betting requires informed and responsible decision-making. This is why you should understand the risks involved, as well as both the positive and potentially negative aspects. That’s where we come in - this guide will help you confidently navigate crypto sports betting in Canada.

Possible Downsides to Crypto Sports Betting in Canada

Crypto sports betting in Canada is growing, but it comes with its own set of challenges. My aim here is to shed some light on these issues to help you navigate this space more effectively.

The unregulated nature of the industry

Crypto sports betting remains a largely unregulated industry, which means it can be easy to land on a shady site if you make a wrong move. That's why you should always look for licensed sportsbooks.

A lot of the platforms have a license from the Curacao eGaming Authority. These licenses are pretty easy to get, so although they are regulated, you might find less customer protection and other safety measures at these sports betting sites than you would elsewhere.

Therefore, a lot of players look for a site's reputation as a good marker for safety. Things like reviews from other players will give you a good indication as to how a sportsbook treats its customers. However, without strict regulation, this could be a risky basis for trust.

The finality of transactions

One major downside of crypto transactions is their irreversibility. While this can mean faster processing and lower fees, it also means that mistakes can be costly. Accidentally sending crypto to the wrong address means there is no way to retrieve it.

This finality requires users to be extra cautious when making transactions. Before confirming a transaction, it is important to check all the details carefully. This will help you avoid making any irreversible errors.

Limited recourse for issues

It might be harder to get help with a crypto sports betting site than regular sites. Without a central authority or regulatory body, there are fewer safeguards and support mechanisms.

If players have issues with frozen accounts or disputed transactions, it can be really tough. This therefore underscores the importance of using reputable platforms and maintaining records of all transactions.

Crypto knowledge is essential

Using crypto for betting requires a basic understanding of how these digital currencies work. This could be a barrier for those unfamiliar with crypto, as making a mistake can lead to the loss of funds.

It's important to educate yourself about the basics of cryptocurrencies, including secure storage and transaction processes. This knowledge is crucial for safely navigating the world of crypto sports betting.

The volatility of cryptocurrencies

The value of cryptocurrencies can change dramatically over a short period. This volatility adds an element of risk to your betting balance.

While stablecoins like USDT or Binance USD offer more stability, they are not immune to market fluctuations. You need to know that the value of your crypto can change a great deal. This affects how much you can bet and, ultimately, win.

To practise crypto sports betting in Canada, you need to know these challenges well. To have a safer betting experience in cryptocurrency sports betting, it's important to stay informed and be cautious.

How Our Team Reviews the Canadian Crypto Sports Betting Platforms We Recommend

When reviewing crypto sports betting sites in Canada, we follow a detailed and thorough process. This ensures you get accurate and reliable information.

But don't just take my word for it! Check out our rigorous review process here...

We open a real account

We start by creating an account on each site. We note how long it takes and how easy it is. We tell you if Know Your Customer (KYC) verification is needed when you register. This helps you understand what to expect.

We deposit real funds

Next, we deposit real funds using various payment methods. We will inform you about the sites that have quick deposits and which payment platforms they use. This gives you a clear idea of each site's efficiency and flexibility in handling transactions.

We bet on a wide variety of sports

Our experts bet on real sports . We assess the variety of sports, markets, the quality of the website, and its ease of use. Also, we look at whether or not the site offers competitive odds, as it's super important you get a fair payout if you win. All these factors are checked, so you know what you can expect from these crypto sports betting sites in Canada.

We check out the quality of live games and live streams

We ensure the sites we recommend offer high-quality live streams without lagging. We also look at the options available for in-play betting. This shows how well the site performs under real-time conditions.

We use our cell phones

We test each site on mobile devices to compare the experience with the desktop version. A good crypto sports betting site should offer a seamless mobile experience, whether through an app or a browser.

We withdraw our winnings

We go through the process of withdrawing winnings and check the speed of withdrawals and any fees charged by the sportsbook. We also note how easy or difficult the process is, including KYC requirements.

We test customer care

We approach each site with various issues to test customer service. We assess their professionalism, friendliness, and knowledge. Quick and effective responses are key indicators of good customer support.

We review Canadian crypto sports betting sites by following these steps. This helps you pick a platform that meets your needs for safety, convenience, game variety, and overall betting experience.

A Comprehensive Guide to Betting with Canadian Bitcoin Sportsbooks

Canadian crypto sports betting offers a diverse range of betting options. Understanding these can enhance your betting strategy, so let's take a look at some popular types of bets together...

Moneyline bets

Moneyline bets are about picking the winner of a match. It's a popular choice for its simplicity. In crypto sports betting, moneyline odds can vary based on the teams' perceived strengths. This type of bet is a good starting point for beginners due to its straightforward nature.

Spread bets

Spread bets level the playing field in a match. Bookmakers set a point spread to balance uneven teams and you bet on whether a team will beat this spread. Spread betting requires a good understanding of the teams’ performances. It's popular in games like football and basketball.

Futures bets

Futures bets focus on long-term predictions, like which team will win a league. These bets are placed well in advance and offer high returns for correct predictions. However, they require patience and a deep understanding of the sport.

Prop bets

Prop bets are about specific game events. For example, predicting the first scorer. These bets add excitement to the game-watching experience. They often rely more on luck than skill, making them a fun addition to serious betting.

Parlays

Parlays combine several bets into one. To win, all your bets must be correct. They offer high payouts but come with increased risk. Parlays are popular among experienced bettors looking for a challenge.

Over/Under bets

Over/Under bets involve betting on whether the total score will be over or under a certain amount. This type requires understanding both teams' offensive and defensive capabilities. It's a popular bet in many sports, especially in games with unpredictable outcomes.

Teasers

Teasers are a type of parlay that allows you to adjust point spreads or totals in your favor. While they reduce risk, they also lower potential payouts. Teasers are common in sports with point spreads, like basketball and football.

Live betting

Live betting lets you bet on a game as it's happening. Odds change in real time, based on the game's progress. This type of betting requires quick thinking and the ability to predict game flow changes.

Each bet type offers a different way to engage with sports betting.

Understanding Betting Odds

Understanding betting odds is essential in sports betting. So let me take you through the basics with a brief explanation of odds in sports...

What are odds and how are they calculated?

Odds reflect the probability of a specific outcome in a sports event. Bookmakers use various factors like team form, player injuries, and historical stats to calculate them.

Higher odds mean a lower probability of the event happening but a higher payout. Understanding how odds are set can help you make more informed bets.

Fractional odds

Fractional odds are common in the UK. They are expressed as fractions, like 5/1 or 3/2. If you bet £1 on 5/1 odds, you win £5 plus your £1 stake back. They show the profit relative to the stake. Understanding fractional odds is key to gauging potential winnings in many traditional markets.

American odds

American odds are displayed as positive or negative numbers. Positive numbers show how much you'd win on a $100 bet. For example, +200 means you win $200 on a $100 bet.

Negative numbers indicate how much you need to bet to win $100. For example, -150 means you need to bet $150 to win $100. These odds are common in the US but are also used in Canadian crypto sportsbooks.

Decimal odds

Decimal odds are popular in Europe and many other places, including Canada. They show the total payout for a €1 bet. For example, odds of 3.00 mean you win €3 for every €1 bet, including your stake. This format is straightforward and easy to understand, making it a favorite among many bettors.

Payout and its effect on odds

The payout is the bookmaker’s way of balancing risk and reward. High odds mean high payouts but less likelihood of winning. The best crypto bookmakers adjust odds to ensure they remain profitable while offering attractive betting options.

Understanding this balance can help you spot valuable betting opportunities.

Using odds calculators

Odds calculators are useful tools provided by most crypto sportsbooks. They convert odds between different formats and calculate potential winnings. This helps you see how much you might win, so you can compare bets on different sports.

In Canadian crypto sports betting, odds are a fundamental part of the betting process. Knowing various odds and how they're calculated can improve your betting strategy, helping you make smarter and more profitable choices.

Selecting the Right Exchange for Canadian Crypto Sports Betting

Choosing the right crypto exchange is crucial for sports betting in Canada. Here's what you need to know.

Risks with certain exchanges for gambling

Some exchanges might freeze your funds if they're used for online gambling. It's important to choose an exchange that is friendly towards gambling activities.

Always check the exchange's policy on using cryptocurrencies for betting to avoid any issues with your funds.

Binance as a recommended exchange

I recommend Binance for crypto sports betting in Canada. It's a reliable platform with low fees and a positive stance towards gamblers. Binance has many different cryptocurrencies, so it's a good choice for betting. Its interface and strong security measures make it an excellent choice for both new and experienced users.

If you bet on sports with crypto in Canada, using an exchange like Binance can make it better. It's vital to select a platform that aligns with your betting activities and provides a secure, efficient service.

Betting Strategies at BTC Sportsbooks in Canada

Effective betting in Canadian crypto sports betting requires a strategic approach. Here are some detailed strategies to help you succeed.

Start with small, low-risk bets

Begin your betting journey with small, low-risk bets. This method reduces potential losses as you familiarize yourself with the betting setting. It's a good way to try different betting strategies without risking much money.

Gradually increase your bet size as you gain more confidence and understanding of the sports and betting system.

Bet only on sports you know

If you stick to sports you know well, you'll have a better chance of winning bets. Understanding the sport can help you notice small details that others might miss.

You might learn about team strategies, player forms, or playing conditions that affect the game's result.

Do your research

Research is crucial in making informed bets. Consider factors like weather and team morale, as well as team stats and player performance.

Also, keep an eye on news that could affect gameplay, such as managerial changes or player controversies.

The more comprehensive your research, the better your chances of placing a winning bet.

Take advantage of bonuses

Using bonuses from crypto sports betting sites can make your betting experience much better. These bonuses can range from match deposits to cashbacks or special event bets. However, it's important to understand the wagering requirements associated with these bonuses. Ensure that the terms are reasonable and within your betting capacity.

To improve your chances of winning in Canadian crypto sports betting, start with small bets on familiar sports. Do thorough research and wisely utilize bonuses.

Remember, gambling should be entertaining and not seen as a guaranteed income source. Bet responsibly and enjoy the experience.

Top Sports to Bet on at Crypto Sports Betting Sites in Canada

In Canada, crypto sports betting includes many sports with different betting options. Here's an expanded view of the most popular sports and the types of bets they attract...

Soccer

Soccer betting covers global leagues and tournaments. Common bets at the best soccer bookmakers include the match winner, over/under on total goals, and both teams to score.

In major events like the FIFA World Cup, prop bets on players, such as who will score the first goal, are popular.

American Football

At the best crypto American football betting sites, besides picking winners, spread betting is prevalent. For the NFL, prop bets on the performance of key players, like the number of touchdowns, are common. Futures bets on the Super Bowl champion are also popular throughout the season.

NBA

NBA betting extends beyond game winners to include point spread and totals (over/under). Prop bets on star players' performance, like points scored, assists, and rebounds, are widely placed. Live betting during games adds dynamic wagering options.

MLB

With MLB, run line bets (a form of point spread) are common. Over/under bets on total runs scored in a game are also popular. Many people like to bet on the World Series, predicting the winner or player performance, like home runs or strikeouts.

Tennis

Tennis betting includes match winners, set winners, and correct score bets. Prop bets on individual player statistics, like aces or double faults, offer more detailed wagering. Grand Slam events, in particular, see a high volume of in-play betting.

Horse Racing

Horse racing bets often focus on win, place, and show (first, second, and third). Exotic bets like trifectas and superfectas, predicting the top three or four finishers in order, are also popular. Major events like the Grand National or Royal Ascot see a surge in these complex bet types.

Formula 1

Formula 1 betting includes race winners, podium finishes, and fastest lap times. Head-to-head bets, comparing two drivers' race finishes, are also common. Season-long bets on the World Drivers' Championship winner are popular among fans.

Hockey

Hockey betting in the NHL includes moneyline, puck line (a form of point spread), and over/under on total goals. Prop bets on players, like the number of goals or assists, and live betting during games, offer dynamic wagering experiences.

eSports

eSports betting includes match winners and handicap bets. In games like Dota 2 or CS:GO, prop bets on first blood or the number of kills are common. Major eSports tournaments, such as The International, attract a wide range of in-play betting options.

Virtual Sports

Virtual sports betting includes simulated events where you can bet on the winner, scores, and spreads. You can place bets often and quickly, without having to wait for real sports events.

Canadian crypto sportsbooks have various betting options for each sport, including simple match winners and complex prop and futures bets.

This type of betting is suitable for everyone, from casual fans to experienced gamblers. It offers a complete betting experience.

Crypto Sports Betting in Canada - Is it Legal?

The legality of crypto sports betting in Canada varies by province, so the question of whether it's legal for you to bet at these sites depends on where you live.

Each province has the authority to regulate gambling within its borders, which is why you must check with your local authority before joining a crypto sports betting site in Canada. You will also find that the legal age varies from territory to territory, and gambling laws themselves are also subject to change frequently. Therefore, I always recommend looking into your local gambling and crypto laws. Better to be safe than sorry!

Cryptocurrencies are recognized in Canada, but with specific legal considerations. They are classified as commodities, which means transactions involving cryptocurrencies are subject to the country's tax laws. This classification affects how winnings from crypto sports betting are taxed.

For bettors, it's important to declare any profits from crypto betting in their tax filings. The Canadian Revenue Agency (CRA) requires citizens to comply with tax laws related to digital currencies, which include keeping records of all cryptocurrency transactions.

Responsible Gambling Tips While Using Crypto Sports Betting Sites in Canada 

When engaging in crypto sports betting in Canada, practicing responsible gambling is essential. Here are some key strategies to help you maintain control.

Check the legal age for betting

While the national minimum legal age for gambling in Canada has been set at 19, some jurisdictions may allow gambling at the age of 18. Always follow the laws of your relevant province.

Avoid chasing losses

It's crucial not to chase losses in sports betting. Chasing can create a risky cycle. You bet more to win back lost money, but end up losing more.

Instead, accept that losses are part of the game and focus on making well-informed bets in the future.

Set clear limits for each betting session to avoid the temptation of chasing.

Bet while sober

Betting while sober is non-negotiable. If you make choices while drunk or high, you might gamble recklessly and lose money.

Make sure you are clear-headed when betting, so you can make logical decisions. This approach will help you to stick to your betting plan and budget.

Manage your bankroll

To effectively manage your money, you need more than just a budget, but also need the discipline to stick to it. Consider separating your betting funds from your regular finances to keep a clear boundary.

Only use a little bit of your extra money for gambling. Don't take from your savings or money for important things.

Spend within your limits

Staying within your financial limits is key to responsible gambling. Remember that gambling should be a form of entertainment, not a primary source of income. To avoid overspending, set limits for each betting session.

Stick to these limits, even if you're winning. It's important to recognize that wins are not guaranteed and to treat betting as a leisure activity, not a financial strategy.

To responsibly enjoy crypto sports betting in Canada, follow these steps: don't chase losses. Bet with a clear mind. Manage your bankroll. Stay within your limits. These strategies help ensure that betting remains a fun and safe hobby, free from financial stress and negative consequences.

Frequently Asked Questions

Still looking for more info on the best sports betting sites in Canada? Then take a look at some of our FAQs.