Sports Betting Guides Canada: Rules, Odds & Markets
What Is a Void Bet
A void bet is a wager cancelled by the sportsbook instead of being settled as a win or loss, with the original stake normally returned. For example, if a Canadian bettor places a player prop and the player does not meet the market’s participation requirements, the sportsbook may void the wager rather than grade it […]
What Is a Push in Betting
A push in betting happens when the final result lands exactly on the sportsbook’s line, so the wager is neither a win nor a loss and the original stake is normally returned. For example, if a Canadian bettor takes Over 6.0 goals in an NHL game and the teams combine for exactly six goals, the […]
What Is a Teaser Bet
A teaser bet is a multi-leg wager that lets a Canadian bettor move point spreads or totals in a more favourable direction in exchange for a lower payout than the original lines would offer. For example, a regular spread of Buffalo Bills −7 can become Bills −1, while Kansas City Chiefs +2 can become Chiefs […]
What Is a Futures Bet
A futures bet is a wager on an outcome that will be decided later, such as a Canadian bettor backing the Toronto Maple Leafs to win the Stanley Cup before the NHL season is complete. A regular bet might be Toronto to win tonight, while a futures wager is Toronto to win the Stanley Cup. […]
What Is a Prop Bet
A prop bet is a wager on a specific event or statistic rather than simply the final winner, such as a Canadian bettor selecting an NHL player to record over 3.5 shots on goal. A regular game bet might be Toronto Maple Leafs to win; a prop bet might be Auston Matthews Over 3.5 shots […]
What Does Plus and Minus Mean in Betting
In betting, +150 means a C$100 stake could produce C$150 profit, while −150 means a bettor would need to stake C$150 to make C$100 profit. These signs are used in American betting odds, a format Canadian bettors may see alongside decimal odds. The result is always expressed in two parts: profit is the amount won […]
What Are Betting Odds
Betting odds are the prices attached to possible betting outcomes and determine the potential return on a winning wager. For example, a Canadian bettor who stakes C$25 on the Toronto Maple Leafs at decimal odds of 1.80 would receive a C$45 total return if that selection wins. In other words, what betting odds are is […]
What Is a Bookmaker
A bookmaker is a betting operator that lets Canadians wager on sporting events by offering markets and odds, accepting bets, and settling them after the outcome is known. In simple terms, what a bookmaker is is the organisation behind the price and the ticket: it hosts or creates markets, takes a stake, records the selection, […]
