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Canada’s position in the global online gambling market, how growth is accelerating

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Canada has emerged as a pivotal player in the global online gambling landscape. With Ontario’s recent legalization of online gambling, the country has set a robust precedent for managing and regulating this industry. The Ontario model demonstrates the potential of directing the market towards licensed operators, ensuring a safe and fair environment for players.

How is Ontario’s Gambling Market Doing So Far?

The iGaming Ontario (iGO) Q1 2023-24 report reveals a total wager of $14.0 billion, excluding promotional wagers. Between April 1 and June 30, 2023, the gaming revenue stood at $545 million after subtracting player winnings from cash wagers; this figure doesn’t consider operating costs or other liabilities. The period saw 46 Operators and 71 gaming websites engaged in trading. There were approximately 920K active player accounts in Q1,
but this doesn’t mean unique players since an individual can have multiple accounts. Each active player, on average, spent $197 monthly.

A majority share of the market was occupied by casino games (slots, table games, bingo), which contributed to almost $11.6B (83%) of total wagers and garnered $392M (72%) in revenue. Betting, covering sports, esports, and novelty bets, contributed $2B (14%) to total wagers, bringing in $138M (25%) in revenue. Peer-to-peer poker, on the other hand, recorded $350M (3%) in total wagers and revenue of $15M (3%).

Revenue by Gambling Type

In the previous year, casino games dominated with $28B (78%) of wagers and contributing $940M (67%) of revenue. Partly, thanks to offers such as the Wheelz casino bonus codes, this type of gambling is still the most popular. Betting, encompassing sports and esports, contributed $7B (20%) to wagers and $433M (31%) in revenue. P2P poker made $992M (3%) in wagers and $40M (3%) in revenue. For detailed Year 1 data, refer to iGO’s FY 22-23 Q4 & Full Year Report. iGO will consistently release market reports at least quarterly as part of its transparency initiative.

Legal Operators in Ontario

Operators like 888casino, 888sport, Bally Bet, bet365, BetMGM, Ruby Fortune, Slots Magic, and Spin Casino are renowned global players in the gambling industry. Some of these are part of the flourishing Ontario sports betting market, and others are casino-focused, but one thing is clear – it’s no surprise those are approved for operation in the Ontario gambling market. They operate in multiple countries and jurisdictions, upholding high standards of licensing and credibility. With a robust reputation built over the years, these entities have firmly entrenched themselves as trusted names in the gambling world, ensuring a rich history of excellence and integrity.

The Low Gambling Age in Ontario Is a Big Contributor

The decision to set the gambling age at 19 in Ontario plays a pivotal role in the expansion of the industry within the province. A younger age limit inherently broadens the demographic that can legally participate, tapping into a market segment that is often tech-savvy and more inclined towards online platforms. This age threshold, which is on par with the legal drinking age in Ontario, acknowledges a consistent approach to age-related rights and
responsibilities.

The Rest of Canada

Online gambling in Canada remains a topic of ambiguity and evolving regulations. The 1990’s saw the emergence of the nation’s first online casinos, albeit with limited offerings and regulatory concerns. Presently, the online gambling scene has expanded dramatically, encompassing a broad spectrum of games. The Canadian Criminal Code only permits gambling under provincial licensing, making intra-territorial online casinos illegal, but not
those offshore. Notably, Ontario pioneered a legalized online gambling market in April 2022. Each Canadian province has specific regulatory bodies and varying legal gambling ages.

In Canada, each province has specific online gambling regulations. In Alberta, 18-year-olds can gamble on PlayAlberta.ca, managed by the Alberta Gaming, Liquor, and Cannabis Commission. BC allows gambling at 19 on PlayNow, overseen by the Ministry of Finance. Manitoba’s legal age is 18, and sites must be licensed by the Manitoba Liquor and Lotteries Corporation. New Brunswick permits offshore gambling at 19. Newfoundland and Labrador only allow lotteries, bingo, and card games for those 19 and older. Nova Scotians, at 19, use ALC platforms. Ontario recently permitted online gambling.

Conclusion

Ontario’s stride towards legalizing and regulating online gambling serves as an illuminating case study for other jurisdictions. By channelling the market to legitimate operators, Canada not only ensures the protection of its players but also positions itself as a leader in the rapidly growing global online gambling sphere. It also sets the stage for advanced players who want to put into practice the Ontario online gambling tips and tricks they’ve learned through the years.

Todayville Content Team works with a wide variety of clients to develop compelling content solutions. Our experienced team develops strategic campaigns that use video and storytelling, digital advertising and social media to help our clients position and distinguish themselves in the market.

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NFL And CFL Betting 101: Why You Shouldn’t Bet With Your Emotions

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Betting on the NFL and CFL can add an extra layer of excitement to the games, enhancing the
experience for many fans. However, successful sports betting requires discipline and strategy rather than just a passionate love for the game. Emotions, whether high or low, can cloud judgment and lead to impulsive, often regrettable decisions. This guide highlights why detaching from emotions when betting on football is crucial, offering practical strategies to keep your bets rational and strategic.

The Dangers of Emotional Betting

Betting with emotions, or betting impulsively based on personal bias or loyalty, can create a skewed perception of the game. It’s common for fans to overestimate their favorite team’s performance or assume a player’s history will guarantee a particular outcome. These assumptions lead to what’s known as “confirmation bias”, where fans see only the information that supports their beliefs and ignore contradictory data. This can cause bettors to overlook crucial insights, like injury reports or statistics, leading to inaccurate wagers.

Emotional betting also fuels what’s called “chasing losses”. This occurs when bettors, frustrated by previous losses, place increasingly risky football bets in an attempt to win back money. This approach is rarely successful and can quickly turn manageable losses into significant setbacks. By staying rational and informed, you can avoid these pitfalls and make more calculated, objective bets.

Strategies to Minimize Emotional Influence

One of the best ways to avoid emotional betting is to establish clear betting strategies based on data and analysis. Here are a few tactics to keep in mind:

1. Analyze Data, Not Personal Feelings: Before placing a bet, review all available data, including team statistics, recent performance trends, and injury reports. A data-driven approach helps eliminate bias, allowing you to focus on concrete factors that influence game outcomes rather than relying on loyalty or gut feelings.

2. Limit Bets on Favorite Teams or Players: It’s easy to let personal favorites dictate betting choices, but this often leads to poorly reasoned bets. Try to limit the amount of money you wager on teams or players you’re emotionally attached to. Alternatively, look for opportunities to bet on neutral games where personal feelings won’t interfere.

3. Track and Review Betting Patterns: Keep a record of your bets, including the reasoning behind each one and the outcome. Over time, you may notice patterns, such as betting more on favorite teams or overinvesting after a loss. Recognizing these tendencies can help you adjust future strategies to stay more objective.

4. Take Breaks When Needed: If you find yourself betting impulsively or “chasing” after a loss, it might be wise to take a break. Giving yourself time away from betting can clear your mind, allowing you to return with a fresh, objective perspective.

Understanding the Value of Objective Analysis

In sports betting, value is found in assessing odds and comparing them to actual probabilities. Odds reflect a combination of factors, from team performance to public perception, and even individual player stats. For instance, player-specific metrics like Aaron Rodgers player odds may offer valuable insights, especially when factoring in performance trends, injuries, or recent games. Analyzing these detailed odds alongside overall game stats helps bettors avoid the common pitfall of placing hopeful, emotional bets that may lack real value.

When emotion enters the equation, it’s easy to overlook true value, focusing on high-stakes or biased bets instead. By paying attention to player odds and using objective analysis, you’ll be better positioned to spot value where odds align with the likelihood of outcomes, improving returns and reducing the risks tied to emotional decision-making.

The Long-Term Benefits of Rational Betting

Sticking to rational, well-reasoned betting strategies not only improves your chances of success but also makes betting a more enjoyable and sustainable activity. Betting without emotional influence helps you stay in control, reducing stress and frustration associated with losses. Furthermore, disciplined betting habits help build a foundation for long-term profitability, transforming betting from an emotional rollercoaster into a calculated, engaging pursuit.

In conclusion, betting on the NFL or CFL can be thrilling, but it requires an approach grounded in data, strategy, and self-control. By setting aside emotions, analyzing information, and adopting a disciplined mindset, you’ll be better equipped to make informed choices and avoid the pitfalls of impulsive betting.

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Popular Casino Games at 1Red

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1Red Casino has quickly emerged as one of the best casino betting platforms available for betting enthusiasts in Canada. Players can find tons of casino games available to place bets on this platform and secure winnings. They will be able to start playing the games within a few minutes with the help of the simple and user-friendly interface of the betting platform. However, new users may also find it challenging to choose any casino game and start placing bets as the number of games available on this site is massive. Players can check out the list of popular games at 1Red Casino below.

Slots

Slot games are the centre of attraction for casino betting enthusiasts at 1Red, as they will be able to find an extensive range of slot games available at this site. This includes slot games from several popular developers around the world, such as NetEnt, Pragmatic Play, Evolution Gaming, Micro Gaming, Play’N Go, and many others. Players will be able to enjoy playing across the classic slot games and even the modern titles, with the opportunity to grab impressive winnings. Also, they will be able to place bets over the progressive jackpot games and secure massive winnings.

Table Games at 1Red

At 1Red, even the classic casino enthusiasts will be able to find the popular table games available for them to place bets and secure winnings. They will be able to use the skills and strategies to place bets at the popular table games on the site, which are as follows:

  • Baccarat: Players will be going against the dealer to place bets on which hand will have the card values closer to 9.
  • Blackjack: It is also similar to Baccarat, as players go against the dealer with the main objective of getting their card values close to 21 and not exceeding the same to secure winnings.
  • Roulette: In this game, a wheel is spun in every round, and players can place bets on the numbers or colors to grab winnings.
  • Poker: Players can test their strategy by playing the Poker game, going against the other fellow players with the best card combination decided as the winner.

Live Dealer Games at 1Red

1Red casino betting platform also allows users to play the Live dealer games, where they can join the live streams of the games and start placing bets with the availability of real-time dealers and other players at the same table. These games will have professional dealers who will be providing them with a real-time gambling experience. It even allows users to communicate with each other at the same time, through which they can increase interaction and even learn more strategies. The casino games that players will be able to play in the live casino section include Baccarat, Blackjack, Roulette, Poker, and various others, with their variations.

Specialty Games

The specialty games at 1Red are also gaining a lot of popularity among betting enthusiasts in Canada. These games are useful for those bettors who want to place bets on casino games that are based on luck. They will be able to find various games, such as Keno, Bingo, and Scratch cards, where they can start playing with small amounts and even get a chance to secure massive winnings. Along with that, these games can be played quickly by the bettors, which will help them reveal their winnings within a few minutes and gear up for the upcoming round of the game.

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