If you plan to gamble in Canada, it is important that you do so safely to avoid hassle and have fun without worry. Currently, the government of Canada has legalized sports betting and various platforms, such as Vernons online are responsible for guiding players to a safe experience.
However, if you’re interested in gambling in Canada, you need to be aware of several aspects which we have covered in this article.
Is Gambling Legal in Canada?
The federal government legalized gambling on individual sporting events in 2021, giving legitimacy to a shady industry in which Canadians already spend billions of dollars a year. However, federal law simply allows the provinces to regulate sports betting as they see it more comfortable. Regardless, this is still a huge step forward for Canadians to enjoy esports betting.
In this way, the Canadian government through Attorney General David Lametti announced that it now offers the possibility for people to participate in sports betting in a safe and regulated manner, depending on the regulations of each province and territory.
According to the federal government, Canadians spend around $10 billion a year on individual sporting events as part of illegal gambling on the black market by organized criminal networks. Canadians spend an additional $4 billion a year in the so-called gray market, in offshore jurisdictions where such gambling is legal.
The new rules have the potential to bring that money back to Canada in a way that it can be monitored and taxed. By having the opportunity to regulate gambling, the government can ensure a safe experience for people and prevent this money from falling into the hands of organized crime.
Benefits of the Legalized Online Gambling Industry
Everyone has an opinion on the game. Those who want stricter regulations would argue that gambling can be addictive and destroy people’s lives. People who favor online gambling would say that gambling can promote economic development.
There is no doubt that legalized gambling has brought some economic benefits to some countries. For cash-strapped economies, legalizing online gambling appears to be a good way to fix a budget deficit.
Logically, it seems that Canada has a good incentive to regulate and enforce online gambling. Industry observers are convinced that establishing a clear regulatory regime that will govern the provision of online gambling services across the country is to protect players from scammers. In the same flow of ideas, it could be a winning bet for Canada to keep the online gambling industry under regulation.
How Do Bets Work?
Currently, six provinces allow so-called parlay betting through provincial agencies, where bettors must bet on the outcome of at least three separate sporting events and correctly predict the outcome of all three for the bet to be worthwhile.
How to Play Safe
There are many reputable and trustworthy casinos that have been operating in the online gambling market for years. Due to the fact that in recent years the online gambling market has had great growth, online casinos have exploded, which should worry bettors a bit, since not all casinos that can be found on the internet are 100 % safe.
What you must do to identify a reliable casino is to make sure it is a prestigious casino, which already has several years of operating online, and check its main page to make sure it has a license issued by an organization operating in the country in which you want to gamble – or if no such organization exists – a license from a reputable entity such as MGA. Lastly, make sure of the betting policies of the casino you want to bet on.
Tips to Success
In general, other tips are:
- Choose the best registration bonus: The first thing you have to do is to register an account with a betting platform; one which could be found at a review site such as Vernons online. Check the conditions of the bonuses offered and take advantage of the one that best suits what you’re looking for.
- Set a maximum amount to bet: The next step is to make a deposit and place your bets in order to hopefully make a profit. But be clever. Set a maximum amount to bet and do not go over that limit. Never gamble for money that you cannot afford to lose. A good rule of thumb is also to not bet more than 5% of your bankroll on a single bet to be able to handle losses.
- Inform yourself well before betting: If you’re serious about sports betting and want to maximize your chances of profiting from it, you should never place your bets by gut feeling or emotion. Instead, do your research. Find out about everything that surrounds the matches: injuries, statistics, the playing surface, among others and choose odds that are favorable in accordance to your predictions.
Thanks to the freedoms that the government has given to the gambling industry, this industry is expected to continue to grow and increase its audience. Especially since now, it is an industry with much more control, which means that it is safer for its participants. If you are someone who has not yet dared to gamble but is interested, now is the ideal time to do so.