Sports Betting Odds In Canada

Best Sports Betting Odds and How-To Guides

When Senate Bill 218-C passed earlier this year, it opened the door for single-game wagering on sports in Canada. In Ontario, for example, single-game wagering is currently available exclusively through PROLINE+ under the direction of the Ontario Lottery and Gaming Corporation. Learn more about sports betting odds in Canada so you’re prepared to place your first bet once more apps become available.

Where Can I Bet On Sports Online In Canada?

Here is a look at the current list of online sportsbook operators in Canada:

  • Ontario Lottery and Gaming Corporation (OLG) – Proline+
  • Loto-Quebec – Mise-o-jeu+
  • British Columbia Lottery Corporation (BCLC) – PlayNow
  • Alberta Gaming, Liquor, and Cannabis (AGLC) – PlayAlberta
  • Atlantic Lottery Corporation (ALC) – Proline Stadium

Mise-o-jeu+ is an online platform for sports betting in Quebec. It has a robust roster of offerings for you to wager on including the NHL, NFL, CFL, MLB, NBA, and MMA as well as, golf, soccer, tennis, auto racing, and more. 

As of this writing, there were no promotions or sign-up bonuses available for new customers at Mise-o-jeu+. At Proline+, in Ontario, new users can currently receive a matching bonus of $25. 

Major US sportsbooks including DraftKings, FanDuel, BetRivers, and BetMGM, among others, will be operating soon in Canada. The promotions and sign-up bonuses available at these brand-name operations can be significant. It’s important for new bettors to take advantage of these offers, as it’s an easy and effective way to grow their bankroll right out of the gate.

The Best 3 Online Sportsbooks In Canada 

DraftKings

  • Why We Like It: Best overall betting experience    
  • DraftKings Promo: $50 free bet and $1,000 deposit bonus 

BetRivers   

  • Why We Like It: Best easy deposit bonus
  • BetRivers Bonus: $250 deposit match offer 

FanDuel     

  • Why We Like It: Best for iOS and Android apps
  • FanDuel Promo: $1,000 risk-free bet for new users 

What Types Of Sports Bets Can I Make In Canada?

Let’s start with some of the most popular (and basic) bets available in the sports betting market. Sports bettors can wager on the spread, moneyline, and total for each game. 

At BetRivers, betting odds for the NBA game between the Milwaukee Bucks and Philadelphia 76ers on November 9 were:

TeamSpreadMoneylineTotal
Milwaukee Bucks-6 (-114)-250O216.5 (-112)
Philadelphia 76ers+6 (-108)+200U216.5 (-109)

If you thought the Bucks could have won by more than 6 points, you could have bet $114 to win $100 on the spread. If you thought the 76ers could have pulled off an outright victory against the NBA’s defending champions, then your $100 bet on the moneyline would have resulted in a $200 win. The total for this game was 216.5 points. The combined number of points between the two teams would have had to exceed 216.5 for the game to go OVER. You could have bet $112 to win $100 if you liked the OVER in this spot. 

It’s important to note that bettors don’t have to wager $100 on every game. Let’s say you wanted to play just $50 on the 76ers to win this game. If Philadelphia prevailed, you would have brought home $100 on the moneyline.    

Let’s use the same example from PlayNow, the sports-betting platform in British Columbia, to show how lines can be presented differently in Canada.    

TeamSpreadMoneylineTotal
Milwaukee Bucks-6 (1.86)1.39 O216.5 (1.90)
Philadelphia 76ers+6 (1.95)3.00 U216.5 (1.90) 

The decimal system is a little bit easier to understand. The key number here is $1 instead of $100. Using the same example of a 76ers outright win on the moneyline, a $1 bet would have resulted in $3 in winnings, including your initial stake. The actual payout on a $100 bet using this scenario would have been the same as above at $200. The initial wager is not included in US odds.

Parlay Bets And How To Make Them In Canada  

Another popular wager can be found in the parlay bet. Very simply, you can bet on the outcomes of two or more games and the odds of winning will decrease, but your payout will be larger if the wager is successful. 

Looking at the Week 10 NFL slate, I liked the Las Vegas Raiders +2.5 at home to cover against the K.C. Chiefs. I also thought the L.A. Rams -3 at the San Francisco 49ers looked like a strong play. Therefore, I could have parlayed (yes, it’s a verb as well!) the Raiders and Rams together into one bet. Let’s look at the odds and payouts for parlays using standard -110 odds for both NFL games above. 

Type of ParlayOdds
2-Team Parlay2.6-1
3-Team Parlay6-1
4-Team Parlay11-1

In our example, a $100 parlay ticket would have earned you $260 if the Raiders and the Rams had both covered their respective point spreads. Some bettors naturally enjoy the higher payouts that come with these wagers, but it’s important to note that every pick has to be correct for you to win. That’s somewhat realistic and achievable with smaller parlays. However, if you’re playing an 8- or 10-team parlay, that’s akin to buying a scratch-off lottery ticket.

What Are Future Bets And How Do I Make Them In Canada?

These types of wagers revolve around outcomes that are determined in the future. Makes sense, right? In Canada, one of the most popular future bets involves betting on which NHL team will win the Stanley Cup Championship. Odds are available on every team in most cases and they will fluctuate over the course of the season based on a team’s performance. Let’s use this example from FanDuel in early November: 

Stanley Cup Outright Betting  

TeamOdds
Colorado Avalanche+500
Florida Panthers+850
Tampa Bay Lightning+850
Vegas Golden Knights+1000
Carolina Hurricanes+1500
Edmonton Oilers+1500
Boston Bruins+1600
Toronto Maple Leafs+1600
NY Islanders+1800
St. Louis Blues+2000

We’ve listed only the top-10 favorites to hoist the Stanley Cup to keep things from getting unwieldy, but just remember that odds are typically available for all 32 NHL teams at most sportsbooks. From the chart, you can see that the Toronto Maple Leafs are +1600 or the equivalent of 16-1 to win the championship. Thus, a $100 bet on the Leafs here would bring back $1,600 if they win the Stanley Cup. A reminder here is to see what other books are offering because these are dynamic odds that can swing wildly over the course of a season.

Prop Bets Have Become Another Popular Sports Betting Option

You’ve most likely encountered the term prop bet around the Super Bowl each year. Do you want to bet the coin-toss result or how long the national anthem will last? Those are two exotic examples of a prop bet.

The Super Bowl MVP is a more standard prop bet. Last year, BetMGM offered the following odds on these top-five favorites to win the award.

Super Bowl LV Most Valuable Player 

PlayerOdds
Patrick Mahomes-105
Tom Brady+200
Tyreek Hill +900
Travis Kelce+1300
Clyde Edwards-Helaire+1400

You probably witnessed what happened. Brady and the Buccaneers routed the Chiefs to a  31-9 victory. Brady threw for three TDs and a modest 209 yards, but it was good enough to win Super Bowl LV MVP. With a $100 prop bet on Brady, you would have doubled your money with a profit of $200. A $500 wager would have netted you $1,000.

With the expansion of sports betting across North America, prop bets have certainly increased in popularity. 

Player props are typically available for any game you watch. Here are three examples of player props from Game 1 of the World Series between the Astros and Braves this year. 

Here is the prop bet FanDuel offered and correctly predicted for Astros starting pitcher Framber Valdez:

Total Hits Allowed Over 4.5 (-108)

If you betted $108 on this prop bet, you would have won $100 – and it didn’t take long to cash this ticket. Valdez got shelled for 8 hits (and 5 earned runs) in just two innings before being pulled for a relief pitcher.     

In-Game Betting Odds Are Available In Canada  

Don’t feel bad if you didn’t get your bet in before the opening tip of that NBA game. Just because the ball was raised to start the contest, doesn’t mean you are shut out of the action.  

Major sportsbook operators allow bettors to place in-game wagers on the eventual outcome for winning side, total, and more. Instead of pre-flop, wagers made before the game, sometimes it’s prudent to watch the beginning of a game to get a feel for how each team is playing and whether it looks to be a high- or low-scoring affair. These “live” bets can be made on games in the NFL, NBA, NHL, MLB, and more depending on the sportsbook.  

You need to understand that bookmakers will be closely following the action, too, and adjusting the lines accordingly on a real-time basis. If you’re just starting out as a novice bettor, give it some time before you delve into this type of wagering. 

How Sports Betting Odds Work 

Who creates betting odds for sports? Sports betting odds are created by oddsmakers and/or sportsbook directors at each respective book. 

The sportsbook posts an opening line with the hope that it will attract an even number of bets (and money) on each side of the bet. Bettors make their wagers on the opening line, and the sportsbook adjusts the line to ensure equal action. This process continues until the game begins.

Let’s use the example of a game that attracts even money on both sides. Hypothetically, the Dallas Cowboys have been installed as a TD favorite against the Miami Dolphins as reflected in the chart below. 

TeamSpreadOdds
Dallas Cowboys-7-110
Miami Dolphins+7-110

In both betting instances, you would have to wager $110 to win $100, whether you bet on the Cowboys or Dolphins, based on the spread. From the sportsbook’s perspective, having even money bet on the Cowboys and Dolphins protects them from having any liability on the game. 

If Dallas ends up beating Miami, 24-10, that would easily cover the 7-point spread. The sportsbook would make its money on the -110 vigorish, aka the vig or juice, on the wagers from every bet on the losing side of Miami. The vig is really the cost charged by the book to facilitate your bet.

Bettors on the Cowboys who wagered $110 would win $100. They would avoid paying the vig by winning the bet and would receive the original $110 back). Unfortunately, Miami bettors would have to pay the 10% vig for losing the bet.

When you consider that millions of dollars are placed on NFL games each week, that 10% adds up quickly for sports betting establishments across North America.

Betting On The NFL In Canada 

The NFL attracts the most amount of money and eyeballs across North America. The 17-game regular season (one game was added this year) ensures plenty of opportunities to bet on football. The NFL playoffs will begin on January 15, 2022, with the Wild Card Round and conclude on Feb. 13, 2022, with Super Bowl LVI at Sofi Stadium in Los Angeles.

What are some general tips for betting on the NFL? If you’re regularly watching one team every weekend, whether your favorite or not, follow beat reporters and/or websites that cover that team closely. Knowledge can truly be power when it comes to any type of sports betting.

Also, stay current on injuries and Covid-19 developments for NFL players. Developments can have a dramatic effect on a team’s fortunes for the season and the game spread any given weekend.

The most recent example of this occurred when Green Bay Packers QB Aaron Rodgers was added to the Covid-19 list prior to a November 7 game against Kansas City. The line swung wildly in K.C.’s direction after the news broke about Rodgers being unable to play. If you’re a Bills fan, learn how to place bets on the Bills here.

Betting On The NHL In Canada 

Hockey is king in Canada. It’s fair to say that old cliché holds true for hockey betting in Ontario. OLG cited a recent poll of its customers, with more than 60% saying hockey was their favorite sport to bet on. Once the likes of DraftKings, BetRivers, BetMGM, and FanDuel are soon up and running, this favoritism will be easier to track and quantify with the volume of hockey bets surging, along with the added number of operators and apps.

As with any sport, it pays to stay abreast of league and player developments as the NHL season rolls along. Here’s one other tip: If you’re betting on a game total, always confirm that overtime counts in your wager.    

Betting On The NBA In Canada 

In 2019, The Toronto Raptors became the first team based in Canada to win an NBA Championship. This undoubtedly sparked some new interest in betting on basketball in the Great White North.  

The NBA’s 75th anniversary season tipped off on October 12, 2021. Teams will play an 82-game schedule leading up to the playoffs in April of next year. The NBA Finals will begin on June 2, 2022.  

Betting On MLB In Canada  

America’s favorite pastime also has a significant following in Canada. Major League Baseball’s 162-game regular season spans eight months from April-October. Then the playoffs begin and conclude with the World Series in late October. The final game of this year’s Fall Classic was held on November 2. The Atlanta Braves defeated the Houston Astros 7-0 to win the World Series in six games.  

Here’s a betting tip: Starting pitchers are a key factor in-game odds for MLB. You should make sure to examine them, along with a team’s offensive production against left- or right-handed pitchers. A popular prop bet involves the OVER/UNDER on the number of strikeouts a starting pitcher will have in a game. You can also wager on the total number of hits a pitcher will yield in a game. Similar to first-half bets in the NFL, you can bet the spread, moneyline, or total for the first five innings of any MLB game, including the Toronto Blue Jays.

Betting On The CFL In Canada

The Canadian Football League season began in August, and it will conclude with the 108th Grey Cup on December 12, 2021. Nine teams are split between the West and East Divisions. Each team plays a 16-game schedule. There are some major differences between the NFL and CFL. These include the length of the field, the number of players on the field, and the number of downs in a possession. You can read about all the differences between the two leagues here 

Betting On Golf In Canada

The PGA Tour basically operates on a year-round basis with a wrap-around schedule, meaning the new season starts this year and ends next year. In a word, betting on golf is fun. Each week, there will be betting markets for the tournament winner, top-five finishes, top-10 finishes, top-20 finishes, and more. You can even find action on the top US, European, or Australian player finishes in some tournaments.

The major tournaments begin with The Masters next April and follow with the US Open, PGA Championship, and Open Championship later in the year. One example of a PGA prop bet is, “Will there be a hole-in-one during the tournament?” The season concludes with the FedEx Cup Playoffs, a three-tournament postseason run that ends with the Tour Championship at East Lake Golf Club August 22-28, 2022, in Atlanta.      

NOTE: There are a variety of other sports to bet on in Canada, including but not limited to college football, college basketball, tennis, soccer, motorsports, rugby, and more. Check out the full list of offerings at British Columbia’s PlayNow, which includes cricket, darts, and snooker!

Where To Find Sports Betting Calculators Online In Canada

Sports betting calculators can be valuable tools when it comes to your handicapping of sports. There are calculators for futures betting, fair odds, and more

Canada Sports Betting Odds FAQ

What Are Betting Lines?

Betting lines are determined by oddsmakers or sportsbook directors at various books across North America. They include the moneyline, spread, and total for each game. 

Where Can I Find Sports Odds On A Mobile Device?

You can find these by downloading the sports-betting apps we’ve recommended in this article. They include DraftKings, BetMGM, BetRivers, FanDuel, and more. 

Are DraftKings And FanDuel Legal In Canada Now?

Not quite yet, but they are expected to be within a few months. In Ontario, for example, prospective sportsbook operators began submitting applications on Sept. 13, 2021, and iGaming Ontario is tasked with overseeing the approval of new sportsbooks in the province. You should expect to see sportsbooks sooner rather than later.

How Are Vegas Betting Odds On Sports Calculated?

Oddsmakers establish opening lines for games with the aim of attracting even money on both sides of the bet. Bettors respond to the opening number by betting on their chosen side. Sportsbooks then adjust the odds accordingly until the game is played. Sportsbooks always try to ensure even money on both sides of the bet to avoid liability.

What Are Live Odds?

Live odds are available when a game or event is in progress. These odds are available as part of “in-game” wagering, which is available at all major sportsbooks. Instead of placing a bet prior to the start of a game, you can wait and see how it unfolds and make a wager up until the end.

What Other Online Sports-Betting Are There In Canada?

Mise-O-Jeu+ is available now for sports betting in Quebec. It has several sports for you to wager on, including the NHL, NFL, CFL, MLB, NBA, and MMA as well as golf, soccer, and more. In Ontario, head over to PROLINE+ for online sports betting.

PlayNow is another option for those living in the province of British Columbia. PlayAlberta and Proline Stadium are also online sports betting options in Canada.

Remember, too, it won’t be long until major US sportsbooks are up and running in the Canadian marketplace. We’ll keep you updated when these operators are officially available in Canada.

About the Author

Kris Johnson

With more than 15 years of experience as a sports journalist, Kris Johnson’s work has appeared in Sports Business Daily, Sports Business Journal, NASCAR Illustrated, and more. Kris also wrote a sports-betting novel entitled, The Endgame.