The official currency of Canada is the Canadian dollar (CAD) and it is the 5th most used currency for international payments. It is also the 5th most held currency and makes up about 2% of the world’s reserves, which means CAD dollar sports betting is more common than you think.
Canada happens to be a country rife with gamblers that love to bet on hockey, football, baseball, and many other sports. Canadian punters have been able to bet on sports through various government lotteries for many years but they have turned to online betting mainly due to these international betting sites offering better odds, single-game betting, and more wagering options in general.
Many of the best internet sportsbooks offer Canadian players the convenience of betting using CAD without the need for currency exchange. This means that Canadians don’t have to go through the hassle of calculating betting account balances or bet amounts in foreign currencies such as US dollars and euros: They can enjoy online sports betting at Canadian dollar bookmakers, such as Propawin, in their own currency.
- 1Is online betting legal in Canada?
- 2Who can use Canadian Dollars when Making Sports Bets?
- 3Best betting sites offering welcome bonuses in Canadian Dollars
- 4Best CAD betting sites bonuses for existing members
- 5Best payment options to use at bookmakers supporting Canadian dollar
- 6What are the minimum amounts for depositing and withdrawing in Canadian Dollars?
- 7Pros & cons of CAD dollar sports betting
- 8FAQ about betting online with Canadian dollars
Best Canadian Dollar Betting Sites in 24 May 2022 – Updated List
Is online betting legal in Canada?
Who can use Canadian Dollars when Making Sports Bets?
Almost anyone can bet in CAD, or in other currencies such as the Czech Koruna – CZK or Bulgarian Lev(BGN), assuming that the sportsbook at which they want to place their bets accepts this currency. Punters with Canadian currency credit/debit/prepaid cards can make deposits at most online bookmakers as can those who have a Canadian currency bank or eWallet account.
If your preferred bookmaker does not support betting in CAD it is more than likely still possible to make a deposit. You will just need to be in another currency such as euros or US dollars. The sportsbook will simply convert your Canadian money into one of their supported currency. You may not get the very best exchange rate but the difference is negligible. And remember that if a betting site accepts Canadian players it doesn’t mean that accepts also CAD currency.
Best betting sites offering welcome bonuses in Canadian Dollars
CAD betting deposits are eligible for a whole bunch of awesome bonuses. Some of these bonuses are advertised in other currencies but CAD sportsbook deposits will usually be offered in the currency equivalent.
20Bet and Powbet, BetShah and 18Bet are offering the bonuses of C$150 on CAD sportsbook deposits while Parimatch offers C$500 a first deposit bonus with CAD. William Hill will give you up to $250 and Betway has up to $200 in bonuses waiting for those who deposit with CAD.
You can see the list of bookmakers that accept Canadian dollars above, but there is a thing called “best of the best”. Below, you can see them and find out what do they offer to new members.
20BET WELCOME BONUS: 100% UP TO 150 CAD➤ 20Bet is the latest brand of the Tech Solutions Group NV, which you may remember from 22Bet.
➤ In addition to traditional payment methods, you can use cryptocurrencies at this bookmaker.
➤ It also offers one of the lowest deposit & withdrawal limits: 5 CAD.
➤ Don’t forget to take advantage of the 150 CAD first deposit bonus.
BETSHAH WELCOME BONUS: 100% UP TO 150 CAD➤ BetShah offers more than 1.000 betting markets with quite competitive odds.
➤ You can view the odds in different formats and place a bet even for the niche sports.
➤ Both the minimum deposit & withdrawal limits are 10 CAD.
➤ The welcome bonus offers 150 CAD to new members.
18BET WELCOME BONUS: 100% UP TO 150 CAD➤ 18Bet is one of the best Canadian dollar betting sites you can find: It supports both local and international leagues of almost every sport out there.
➤ It has a native mobile app for iOS & Android and a live streaming service on all devices.
➤ Use the WB100 bonus code to unlock the 150 CAD first deposit bonus.
MELBET WELCOME BONUS: 100% UP TO 150 CAD➤ Melbet was launched in 2012 and currently operates with a Curacao license.
➤ It offers lots of opportunities and amazing odds especially for accumulator bets.
➤ In this regard, we recommend taking advantage of the “Accumulator of the Day” promotion.
➤ As a new member, you can start playing with a 150 CAD signup bonus.
PARIMATCH WELCOME BONUS: 100% UP TO 500 CAD➤ Parimatch offers mobile apps, live streaming, very low payment limits (as low as 1 CAD), and it is also one of the oldest online bookmakers around.
➤ Parimatch also matches your first deposit by 100% and up to 500 CAD: This is one of the best welcome offers you can find.
Best CAD betting sites bonuses for existing members
There is no shortage of excellent sportsbooks offering CAD for wagering currency. Punters can find many more of these trusted betting sites by referring to the sportsbook database at Gamblingjudge.com. All you need to do is select your country of residence and then select CAD as betting currency. You will also find plenty of Canadian betting sites.
You now know which ones are the best CAD currency betting sites and what kind of welcome bonuses you can find. Well, these are just the offers for new members: Current members can take advantage of bonuses too. Below, we list the best bonus offers in CAD dollar sports betting for current members:
20BET FORECAST: WIN UP TO 1500 C$ BY PREDICTING SPORT EVENT RESULTS➤ This offer is simple enough: First, the total of your deposits in the last 5 days must be at least 30 CAD.
➤ If you meet this requirement, you can try to predict the outcome of 10 events selected by 20Bet.
➤ You can win 80 CAD, 150 CAD, or 1.500 CAD for correctly predicting 8, 9, and 10 events, respectively.
BETSHAH SPORTSBOOK RELOAD BONUS: 30% UP TO C$220➤ Betshah has a reload bonus you can use every week. You can trigger it automatically by depositing at least 15 CAD.
➤ This deposit will be matched by 30% and up to 220 CAD.
➤ Remember that you can do this every week and you can win up to 730 CAD every month.
➤ The wagering rate is 18x and you need to complete it with bets of 1.90 odds or above.
18BET C$18 FREE BET FOR YOUR NEXT WAGER GONE WRONG➤ 18Bet has a free bet offer for all its members. Simply put, you can place a free bet that is worth 18 CAD with this bonus.
➤Open the “campaigns” page and activate the bonus by using the 18FREE code.
➤ After that, place a pre-match bet of a minimum of 15 CAD. If you lose this bet, 20% of your initial wager (up to 18 CAD) will be refunded.
Best payment options to use at bookmakers supporting Canadian dollar
Some payment methods are better than others to use at betting sites accepting CAD currency. The reason is simple: These are local options that Canadian players can easily use and most of them are already used in daily life. In this context, we recommend using the following methods for CAD dollar sport betting:
What are the minimum amounts for depositing and withdrawing in Canadian Dollars?
There is no universal deposit or withdrawal limit at internet betting sites. Limits are imposed by the individual bookmaker as well as the payment processor. There are loads of online bookies and several different payment methods which means there are countless different limits at legal betting sites.
Instadebit works like an ewallet and its deposits using CAD are subject to a $10 minimum and a $2,500 maximum per transaction. Withdrawals are required to be at least $12 and no more than $20,000 per transaction.
Entropay deposits using CAD have to be between the Canadian dollar equivalent of €20 up to €5,000 per transaction while withdrawals have to be a minimum of €15 up to a maximum of €3,000 per transaction.
Of course, other payment methods such as Interac and MuchBetter will have different limits, but they will be quite similar to these figures. It’s easy to see the huge differences in these two examples. Sportsbook $10 minimum deposit sites obviously will require $10 minimum deposits, you just have to check if CAD currency is available.
In other words, we can say that the overall minimum deposit limit at Canadian betting sites starts from 10 CAD. It is still possible to go lower, but when it comes to sign-up betting bonuses we think that 10 CAD is the “sweet spot”.
And for withdrawals, that sweet spot seems to be 20 CAD. Once again, it is possible to find different limits based on bookmakers’ payment methods and these limits will be different in other currencies, based on bookmakers’ accepted currencies. In any case, 20 CAD will be the most common minimum limit.
You can get a good idea by using the sortable bookmaker database at Gamblingjudge.com. Just select your country and payment processor then filter the results using CAD as a currency as well as the minimum and maximum deposit and withdrawal.
Pros & cons of CAD dollar sports betting
- You don’t have to deal with exchange rates
- You can use bonuses in CAD
- You can use lots of local payment methods (i.e., Interac)
- Not a very common currency at bookmakers
- Local options (casinos and bookmakers in Canada) are very few
FAQ about betting online with Canadian dollars
Lots of them – there are hundreds of sites for CAD dollar sport betting, and we cannot list all of them here. However, we can pick the best ones for you: Check the list above.
Not that common but also not that rare. Most of the international operators support the Canadian dollar: You can check our list of Canadian dollar betting sites to find the best ones.
Not necessarily. A betting site may accept Canadians as members but may not support CAD. Always check the “payments'' page to see which currencies are supported.
The benefit is obvious: You don’t have to deal with currency exchange rates. In other words, you don’t have to think “if I deposit 10 CAD, what will it be in USD”, for example.
Start playing at the best CAD betting sites
We showed you the advantages of CAD dollar sports betting and we listed the best Canadian dollar betting sites you can play: The rest is up to you. Pick one right now and place your first bet today or learn more about Canadian gambling sites. Visit us often to see our latest list of the Canadian dollar bookmakers and enjoy sports betting in your own currency. Good luck out there!