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Canada’s relationship with sports betting
The landscape for sports betting in the US and Canada has been ever-changing for the last few years. While some countries have long had rules and regulations to support the market and the players, others haven’t – Canada being one of the latter. It wasn’t until August 2021 that Canada gave the green light on single-game sports betting like NFL, NBA, and more.
In June 2021, Canadian MPs took steps to extend sports betting in the country by approving C-218, a bill altering the criminal code that allows single-game bets. Provinces will be allowed to regulate sports betting in the same manner that states do in the United States –on an individual basis. After the law went into effect on Aug. 27, numerous provincial lotteries began offering single-event CA sports betting products.
Passing Bill C-218
The efforts to pass the C-218 law in Canada aren’t new; it has been going on for many years. The issue was debated in Parliament in 2015 and the years proceeding.
One may claim that the legalization of sports betting in the United States was the catalyst for legalizing sports betting in Canada. Similar to the United States, prominent sports leagues and other stakeholders who had previously opposed legalization have openly declared their support for the bipartisan legislation initiatives in Parliament.
Up until Jun. 23, 2021, no one knew if the bill would be passed. In the end it easily received support of most in Canada’s Senate. The tally was 57-20 and 5 abstentions. A great day for sports betting.
Is sports betting popular in Canada?
Sports, in general, are prevalent in Canada; as mentioned above, Hockey takes the crown when it comes to team sports that Canadians love to watch.
NFL games have been broadcast on Canadian television for decades. Most sports fans in Canada have a favourite NFL club and a favourite Canadian Football League (CFL) team as well. Many Canadians like NBA basketball, with the Toronto Raptors a clear fan favourite, especially following their 2019 NBA Championship.
Canadians have been able to bet and have done so for years, but it wasn’t until Aug. 27, 2021, that single-game wagering was legalized.
It is essential to know that it wasn’t illegal beforehand, but it wasn’t regulated – which leaves a vast grey area. Instead, Canadians could use offshore betting websites and EU bookmakers to place bets. The Canadian government estimated in the years leading up to regulated gambling, Canadians may have spent as much as 10 billion dollars on the black market.
In a bid to ensure that these black markets are curbed, it made sense to push through a bill that would allow Canada to have rules and regulations to protect both the Sports Betting industry itself and the players.
There is also a massive bonus to legalizing Sports Betting as that money can then be monitored and taxed. And you only need to look at some of the states that have legalized gambling and other forms of betting to see just how much tax can increase the general wealth.
What are the positives of legalizing sports betting?
Legalizing Sports Betting is not just great for People who like to watch sports and have a bet – it’s pretty good for the economy too. For one, sports gambling creates hundreds and possibly thousands of new jobs. And that goes for online Sports Betting and land-based Sports Betting establishments.
The exciting thing is that once Sports Betting is legalized in a country, usually each of the provinces or States can then decide to what extent they will participate in the offering.
There are several ways a state or province can implement Sports Betting. That includes legal for online-only, legal for retail only, still enforcing no single-game betting, or legal for online and retail.
It is estimated that the entire Canadian market for Sports Betting could make as much as 25 billion dollars annually in wagering. In terms of tax, this should be somewhere between 200 million and 400 million in annual tax revenue, which is a considerable bump.
Ahead of the legalization of Sports Betting, here are some rough statistics of the percentage of bets done by regulated online vendors and those taking place at unregulated operators.
39% of Canadian sports betting takes place at land-based retailers
3% of Canadian sports betting is done via regulated online vendors
57% of Canadian sports wagering takes place online via unregulated operators
Canadian regulated sports betting Gross Gaming Revenue (GGR) in 2019 was estimated to be $242 million – which is a drop in the ocean compared to what they stand to make now that this has been regulated. Canada was poised and ready to make the most of the C-218 bill passing. Over the next few years we’ll see just how much impact the new legislation will have on Gross Gaming Revenue in Canada.
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Understanding Slot RTP and Variance: Which Slot Game Is Right for You?
When it comes to playing slots, luck plays a huge role, but there’s more to winning than just spinning the wheels. Checking the variance and RTP of a slot game beforehand can help you find one that matches your style and strategy. Whether you’re a casual player or chasing a jackpot, understanding these factors can improve your experience. For Canadian players looking to try their luck, Tenexcasino.com is a top choice among crypto casino sites, offering a great platform to explore these games.
What is RTP?
RTP or Return to Player shows how much of the money you bet goes back to you over time. It also shows you the “house edge,” or how much of your money goes to the casino over the same period. If a slot has an RTP of 90%, 90 cents of every dollar you bet goes back to you. The remaining 10 cents is the “house edge” or the profit the casino will likely make.
RTP is measured over time and doesn’t tell you what will happen with each spin. But it can tell you which slot games to pick if you want to minimize risk.
What Is Slot Variance?
Variance also shows the risk of playing each slot game. But unlike RTP, it determines how often you can expect to win and the average size of each payout. Will you see small, frequent wins or rare but potentially huge payouts?
Depending on your preference and budget, you can opt for low, medium, or high-variance slots. Low-variance slots offer frequent but smaller payouts, medium-variance slots provide a mix of frequent smaller wins and occasional bigger winnings, and high-variance slots give rare but significant payouts.
What’s the Right Type of Right Slot Game for Me?
Variance and RTP can help you select the slot games that suit your style and the risk you’re
willing to take.
High RTP Slot Games
High RTP games are an ideal choice if you’re on a small budget. They will give you the best chance to build your bankroll and get more from your investment. You should look for games with at least 97% RTP, like Mega Joker (99%), Codex of Fortune (98%), and Starmania (97.87%).
While these games ensure you get more of your money back in the long term, they won’t necessarily help you maintain your bankroll. If that’s what you’re looking for, you should ensure the slots also have low variance.
Low Variance Slots
Low-variance slots are a perfect choice if you’re looking for steady gameplay with minimal risk. They allow you to play longer without large swings in your balance. But it’s not without its thrill.
If you like frequent wins, these games certainly keep the excitement alive. Some of our favorite low-variance games are Starburst, Jack Hammer, and Blood Suckers.
Medium-Variance Slots
These are a sweet spot. Medium-variance slots are perfect if you want steady payouts with the occasional thrill of big wins. They allow you to avoid the risk of high-variance slots while enjoying some of the excitement. Temple of Iris, Wolf Gold, and Golden Winner are great medium-variance slots worth checking out.
High-variance Slots
High-variance games are your best bet if you dream of hitting the jackpot. The risk is undoubtedly high, but you can win a massive payout. However, these slots may not be the best choice for prolonged gaming sessions. They can, however, provide convenient and enjoyable entertainment when traveling or during your lunch breaks.
High variance slots often include progressive jackpots. Some of our favorite high-variance slots include Rome: The Golden Age, Twin Spin Megaways, and Jack in a Pot.
Having a healthy bankroll is necessary here. But even more so, you need patience. You may go through several spins without a win, but the payout can be significant when you do win.
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Games Available at GGBET’S New Online Casino
GGBET has recently launched its new online casino, introducing a refreshing platform for gaming enthusiasts. This new venture promises a wide array of games, catering to multiple tastes and preferences. From the classic slot Legacy of Egypt to table titles and live dealer experiences, GGBET aims to provide a comprehensive gambling experience. In this article, we’ll
explore the various types of games available at the platform, highlighting what makes each category unique. Whether you’re a new or seasoned player, there’s something for everyone!
First Look at GGBET Novel Casino
From your first visit to the site, you can see that the platform was designed with user experience in mind. The sleek, modern interface ensures easy navigation, allowing players to quickly find their favourite titles. It’s fully secure, with a license from the UK Gambling Commission (UKGC). With generous bonuses and promotions to claim after registration, every player can feel welcomed and valued from the moment they join.
Types of Titles on Offer at the Casino
After easing security concerns, the priority for any casino is to offer a portfolio that’ll appeal to multiple player types. GGBET excels in this arena, working with the industry’s best developers to supply a consistent stream of high-quality games. Check out the various categories of titles you’ll find!
Slots
Slots are a staple in any casino, and GGBET supersedes our expectations in this area. It offers an extensive collection of 2,000 slot titles from over 40 reputable providers. Members here can enjoy a variety of themes and gameplay styles, from classic three-reel machines to the latest video slots. Popular titles in this lobby include Legacy of Egypt, Hell Hot 100, and Demi Gods V.
What’s more? Slots here boast innovative in-game mechanics, such as expanding symbols, cascading reels, and multipliers. Each feature adds to the excitement and increases your winning potential. Whether you prefer high-volatility titles with big jackpots or low-volatility options with frequent wins, there are countless titles to explore. The platform also regularly
updates its library with new releases, so there are fresh and exciting games always.
Table Games
These refer to a group of games that involve strategy and pit you against others. The most popular examples are blackjack, roulette, and baccarat, all of which we’ve examined below.
● Blackjack: Are you a casual or high roller? The GGBET collection will suit your style. The thrill of the game lies in the simple decision-making process: hit, stand, double down, or split. Each choice can bring you closer to the coveted 21.
● Roulette: Roulette is a game that builds anticipation as the wheel spins. At GGBET, you can enjoy European and American versions and adjust your stakes according to the odds. We love this title due to the variety of bets you can place, from single numbers to red or black, odd or even.
● Baccarat: This is a simple title where the dealer does all the work, drawing cards according to rules, while you sit back and enjoy the gameplay. Your choices are straightforward: bet on the banker, the player, or a tie. Variants you’ll find at this platform include Bunco Banco, Chemin de Fer, and Speed.
Live Casino
The GGBET live casino section is where the line between reality and virtual blurs. Imagine the thrill of a bustling casino floor, now accessible from your living room. These games aren’t just about playing; they’re about experiencing. With high-definition streaming and multiple camera angles, you get a front-row seat to every shuffle, spin, and deal.
The real magic happens with the live dealers, who are more than just facilitators. They guide you through the whole experience to ensure a seamless affair. Thanks to the live chat, you can share a conversation with them or other players.
In addition to standard categories like roulette, blackjack, and baccarat, GGBET introduces innovative game formats like Crazy Time and Monopoly Live. These titles mix traditional casino elements with game show excitement, keeping you on the edge of your seat.
Everyone Is Welcome at GGBET New Casino
By stocking a diverse cast of games, GGBET escapes the trap many new casinos fall for. The platform ensures that all players can have fun here, notwithstanding their preferences. That, too, while offering a user-friendly interface that enables seamless gaming. Throw in the promotions and an easy sign-up process, and you have one of the most solid new casinos we’ve ever seen.
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