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Canadian Dollar Bookmakers

When you want to start betting on sports from Canada, you likely want to deposit, bet and withdraw Canadian Dollars to avoid currency exchange fees. Find out which betting sites offer Canadian Dollar accounts.

If you want to bet on sports from Canada, it makes sense to register a betting account in Canadian Dollars so you may deposit and withdraw your native national currency without having to exchange funds.  This way you’ll be able to avoid paying hidden currency exchange fees that would otherwise occur for every deposit and withdrawal to and from your betting account.  These fees usually amount to 3% to 5% of every transaction.  Why pay these fees?  Save your money for your bets at the best Canadian betting sites listed below, along with bonus offers.  

You might think this is an obvious thing to watch out for.  However, many sportsbook review sites promote several non-CAD online sportsbooks to Canadians.  Canadians often get tricked because of bonuses quoted in dollars - but those are US dollars.  While many of those sites accept Canadian customers, they only offer accounts in other currencies.  All those listed below are indeed direct CAD betting sites.

Go Go Go Go Go Review Review Review Review Review Review

Notable Points

Team Sponsorship

Stoke City FC

Manchester City

None

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Aston Villa

West Ham United


Intuitive betting platforms, many betting markets

Low margins → high odds, unique AdvanceBets

Great odds, bonus offer, early cash out


Bonus, OHL, WHL betting, solid odds & interface

Bonus, early cash out, solid odds, many markets


Go Go Review Go

Hamilton Ti-Cats

$125 Bonus, Canadian-owned & regulated

Bonus, live betting ‘Fast Markets’, cash out early

Long-established & Canadian-focused brand

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Canadian Dollar Bookmaker Banking Methods

Note that the most popular e-wallet of them all, PayPal, does not serve Canadians with regard to betting sites.  If another betting review site tells you otherwise, they are lying to you (and there are several that lie about this).  You cannot use PayPal from Canada for online sports betting.  Also, neither Neteller nor Skrill are available to Canadians for use with betting sites.  Similar services that will work for Canadians at online sportsbooks in CAD include EcoPayz, Instadebit and iDebit.  The latter two methods facilitate debits and credits with your Canadian bank account.  Bodog offers Interac e-transfers.  Most betting sites also accept bank transfers and/or e-cheques.  Canadian Dollar paysafecards may also be available.  These are prepaid cards that can be purchased at thousands of retail locations across Canada.  You simply buy the card, then enter the card’s PIN at the betting site cashier page and your funds are granted.  Withdrawing funds must generally be done via cheque or bank transfer as paysafecard is for deposits only.

As a Canadian bettor, be careful with Entropay as it is often listed as a CAD payment method.  Entropay virtual Visa numbers are a great method for online payments, but they are only available in USD, EUR and GBP.  So although you could technically use Entropay to fund your Canadian Dollar betting account, you would have to exchange funds twice to do so.  If you have both a Canadian Dollar base funding source and a Canadian Dollar betting account, you would exchange funds once to fill the Entropay card and then exchange these funds back again at the betting site to fill your CAD account.  Both currency exchanges will include significant, hidden fees.  For you, it is best to use a method that facilitates direct Canadian Dollar transactions like those listed above.


About the Canadian Dollar

The Canadian dollar, with symbol '$' and three-letter code 'CAD' is the currency of Canada. Sometimes 'C$' is used to distinguish it from other dollar-denominated currencies, such as the US Dollar. It is divided into 100 cents.


Canadian Dollar History

French colonists were the first to introduce currency to Canada in the 1660s. In 1821 the Montreal Bank introduced the first banknotes within Canada and these became the primary for of payment at the time. In 1841, as a British colony, the Province of Canada began to issue a currency called the Canadian Pound; but in 1858, the Canadian Dollar replaced the Pound and aligned with the US Dollar. During this time, both US Dollars and British Gold Sovereigns were legal tender within Canada's borders.  The Bank of Canada was established in 1934 with the first issue of banknotes a year later. The first Loonie coin was introduced in 1987 (it depicts a Loon). In 2011, the Central Bank of Canada issued a new series of bank notes printed on a polymer material. Older styles of notes have been removed from circulation.


Canadian Dollar in World Currency Markets

Due to the country's strong legal system, economic strength and stability as a nation, the Canadian dollar is one of the most-held currencies in the world behind only the US Dollar, the Euro, The Pound Sterling and the Yen.  The USD is the currency that the Canadian Dollar is most traded against.  View CAD to USD rate now.


Comparing Odds at Canadian Dollar Betting sites

Odds and potential payouts can differ significantly between betting sites.  Thus, as a prospective online sports bettor from Canada, to get the maximum potential payout for your wagers, be they single bets, parlay bets or round robin bets, you might want to find the best odds.  While this is an important idea, it is further helpful to do this with an odds comparison service that takes your native currency into consideration so you need not look at odds from betting sites that are irrelevant for your purposes.  That’s why oddsjet.com is probably the best odds comparison site for sports bettors in Canada, as it only displays odds from top Canada betting sites that offer Canadian Dollar accounts and payment methods.

Review

Canada Sports Betting Bonuses in CAD