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