150% welcome bonus up to 200 CAD
Receive

Best Bookmakers for Matched Betting in Canada

The Oscars is the epitome of film achievement, known for its glamour, glitz, and celebration of cinematic excellence. It’s a much-loved tradition for film enthusiasts globally and an opportunity for bettors to bet on their favourite actors and films. Here’s our detailed guide about the Oscars Awards and the Oscars best betting bookmakers in Canada.

List of the Best Matched Betting Sites

Rank Casino Rating Bonus Get bonus
1
4.5/5
300% welcome package up to 200 CAD
PlayRead review
2
4.8/5
Welcome Bonus up to 270%
PlayRead review
3
4.8/5
225% welcome bonus on the first three deposits
PlayRead review
4
4.5/5
100% Welcome Bonus up to 145 CAD
PlayRead review
5
4.5/5
Rareback Bonus Up To 25%
PlayRead review
6
4.8/5
150% Welcome bonus of up to 145 CAD
PlayRead review
7
4.8/5
Welcome package of 150%
PlayRead review
8
4.5/5
Welcome Bonus up to 100 EUR
PlayRead review
9
4.8/5
150% Welcome Bonus
PlayRead review
10
4.8/5
100% welcome bonus up to 200 CAD
PlayRead review
Load more

How Does Matched Betting Work?

Matched betting is a popular sports betting strategy where you can play both sides to win. It's a clever way to make some money using the free bets and other bonuses offered by bookmakers.

First, you need to find a free bet offer. Let's say a betting site offers you a free bet if you place a certain amount on a sports game. While you’ve taken the bonus, you’ve also bet against yourself on another betting site.

This move is called laying a bet, and it ensures that no matter the game's outcome, you win one of those bets.

By carefully calculating your bets based on odds, you can ensure that the win covers the loss, even if you don’t make a profit.

Match betting Canada has recently caught on because it's seen as a low-risk way to potentially make money, rather than traditional betting which relies more on luck.

Matched Betting vs Arbitrage: Comparison

At first glance, matched betting may very well seem like arbitrage betting. But they’re not the same. In the table below, let’s take a look at the major differences between matched betting Canada and arbitrage betting.

Criteria

Matched Betting

Arbitrage Betting

Risk

Low risk, as it relies on bookmaker bonuses to somewhat guarantee profits.

No risk is involved because profits are made by betting on all possible outcomes of an event across different bookmakers.

Profit Source

Profits come primarily from utilizing free bets and bonuses offered by bookmakers.

Profits are generated from the differences in odds between bookmakers, not relying on bonuses.

Accessibility

Easy for beginners, especially with the help of guides and tools.

Requires more experience and quick action to identify and exploit odds discrepancies.

Sustainability

Limited by the availability of free bets and bonuses over time.

Sustainable as long as there are differences in odds, but requires constant monitoring.

Best Sports to Place Matched Bets On

Matched betting is a smart move for anyone looking to double down on the thrill of betting from the comfort of their home. But hey, not all sports are created equal when it comes to this strategy.

Here are our top picks.

Hockey

It's no surprise that hockey tops the list in Canada. With the NHL and other leagues, there are tons of games and, more importantly, lots of bets to make. This means more opportunities to find those perfect matched betting setups.

Football

Whether it’s the CFL or the NFL, football seasons are a great time for matched betting. The sheer volume of matches and the variety of betting options open up plenty of chances to apply your matched betting strategies.

Basketball

With the NBA and international tournaments, basketball offers a fast-paced environment for matched betting. The sport's popularity is a great indicator that you’ll find plenty of offers by bookmakers. This automatically means you have more funds to use on no risk matched betting.

Soccer

Even in Canada, soccer's global appeal can't be ignored. Major leagues around the world mean year-round betting opportunities for you. From the MLS to the Premier League, soccer matches are ripe for the picking with matched betting.

How to Place a Matched Bet

How do you place a matched bet if you’ve never done it before? Well, as you’d expect, our experts have a guide ready for you. Just follow the steps.

  • Find a Free Bet Offer
    step 1

    Your first move is to scout for a bookmaker offering a free bet. Many sites throw these out to new sign-ups or as special promotions. Grabbing this offer is your entry ticket.

  • Place a Qualifying Bet
    step 2

    To unlock that free bet, you usually need to place a qualifying bet. This means betting on a specific event at the bookmaker's required odds. If you do it right, you should receive the free bet after your qualifying bet settles.

  • Lay the Same Bet
    step 3

    Here’s where the magic happens. You place another bet, but this time against your original bet on an exchange. This "lay bet" covers the other possible outcomes and ensures that you don’t lose any cash.

  • Use the Free Bet
    step 4

    Now that the stage is set, it's time to use your free bet. You repeat the process. You bet with the bookmaker and lay the same bet at an exchange. The difference? This time, the profit is all yours, as the stake was in the house.

Top 5 Bookmakers that Offer Matched Betting

Here are the top Cheltenham betting sites according to our experts. We’ve chosen them based on their security and promotions.

Quickwin

Quickwin

Quickwin is our first pick for matched betting in Canada. It currently offers a 100% match bonus up to C$150. But you also get $150 free bets for UEFA matches along with some other promotions. You can use the freebet for match betting with other bookmakers on our list.

Pluses
  • Offers free bets for matched betting
  • Licensed in Alberta
  • Offers great virtual betting options
Minuses
  • The welcome bonus could’ve been bigger

 

 

Starda

starda

Starda is a very niche online betting site in Canada that currently offers a 150% match sports welcome bonus of up to C$150. All you have to do is deposit C$15 to trigger this offer. With only 1x wagering on the winnings from the bonus, you get to use it on accumulator bets with over 3 selections.

Pluses
  • Separate bonuses for casino and sportsbook
  • Only 1x wagering requirement
  • You get started if you’re 18
Minuses
  • Wagering only applies to ACCA bets

 

 

Rabona

Rabona

Rabona needs no introduction when it comes to the best matched betting sites in Canada. It offers a 100% match to your first deposit up to $150. Although it’s not a free bet, you can use the bonus funds to lay a particular market.

Pluses
  • Decent welcome offer
  • A crypto welcome offer of up to 10 mBTC
  • Licensed in Alberta by GCB
Minuses
  • Not available in Ontario

 

 

Bets.io

bets.io

With a crypto focus, Bets.io is one of the top options for matched betting Canada. Right from the start, you get a downloadable app to get started on the go. The best bonuses at Bets.io are the ComboBoost Bonus, the AllWin Deposit Bonus, and the OnlyWin Deposit Bonus. You can use funds from all of these bonuses to place matched bets.

Pluses
  • Massive selection of cryptocurrencies
  • Excellent collection of betting markets
  • Casino welcome offer is very generous
Minuses
  • No welcome offer for sports customers

 

 

1xBet

1xBet

Amidst all the niche bookmakers, you may not have expected to find 1xBet. But it’s an international bookmaker with a substantial presence in Canada. When you first sign up, you can secure a C$540 welcome bonus as a 120% match to your first deposit.

Pluses
  • Excellent odds across all markets
  • Great place for matched betting
  • Licensed by Curacao eGaming
Minuses
  • Doesn’t have a Canadian license

 

Advantages and Disadvantages of Matched Betting

Why should you opt for no risk matched betting in Canada, you ask? Well, our experts have spent some time brainstorming the pros and cons of the practice in the table below.

Pluses
  • Offers a method to earn without risking your own money
  • In Canada, your winnings are yours to keep, without tax implications.
  • Turns promotions and bonuses from bookmakers into actual cash.
  • Enhances understanding of the betting market and odds.
Minuses
  • Can be tricky for beginners to grasp all the steps and calculations involved.
  • Requires a significant amount of time to research offers and understand the betting landscape.
  • Frequent wins can lead to restrictions or limitations on your betting accounts.
  • Over time, finding profitable bonuses may become more challenging as you use up the initial offers.
FAQ. FAQ
  • Can I use matched betting without any sports knowledge?

    Absolutely! Matched betting is more about understanding the process and numbers rather than the sports themselves. With the right tools and guides, you can successfully place matched bets even if you're not a sports fan.

     

     

  • Is matched betting legal in Canada?

    Yes, matched betting is legal in Canada. You’re not doing anything illegal by using two different bookmakers at once. It's a smart strategy to make the most of the promotional bets offered by bookmakers.

  • How much money do I need to start matched betting?

    You can start with a small budget, often around $100 to $200. This covers your initial qualifying bets and lays. The key is to build your pot gradually by reusing your profits.

  • Will matched betting get me banned?

    In a perfect world, no. The bookmaker doesn’t have any conviction to ban your account. However, they’re conglomerates that have power over you. So, if you get caught, they might ban your account for abusing the bonus.

Author
Jarin Ahmed
Like many aspiring writers, Jarin focuses on bringing life to the text for her readers. She is an avid sports lover, growing up in a family obsessed with bookies. She is an expert in the iGaming niche and has secondary obsessions with Gardening and cooking.
Article rating
4/5
1 vote
WELCOME BONUS 200% TO DEPOSIT AND 150 FS
100% WELCOME BONUS + 150FS
UP TO 1500€ +150FS
UP 200% WELCOME BONUS
WELCOME PACKAGE UP TO 1500€ + 150 FS
50 FREESPINS
Spin the wheel and get the guaranteed bonus!