The advent of the internet has enabled Canadians to enjoy the thrill of betting on horses online. As a result, horseracing has become a popular pastime amongst Canadian players, and online betting on horses is now one of the most popular forms of online gambling in the country. In this article, we will explore the legalities of online horse betting in Canada and provide a comprehensive guide to the different types of wagers available.
Legalities of Horse Betting in Canada
The legalities of online horse betting in Canada differ from province to province. Generally speaking, online horse betting is legal in Canada, but each province has its own laws and regulations. For example, in Manitoba, the only legal form of online betting is through the Manitoba Racing Commission’s website. In the other provinces, provincial governments regulate the industry and allow for online betting by registered operators.
Types of Wagers Available
There are a number of different types of wagers available when betting on horses in Canada. The most common type of wager is the win, place and show wagers, which involve betting on the horse that will finish first, second or third respectively. Other types of wagers include exacta, trifecta, and superfecta bets, which involve betting on the exact order of finish, as well as pick 3, 4, 5, 6 and 7 bets, which involve betting on the correct finish of three, four, five, six or seven horses, respectively.
Odds and Payouts
The odds and payouts for horse racing vary depending on the type of wager. Generally speaking, the odds are set by the track, and the payout is determined by the amount of money bet on the particular wager. For example, a win wager may have odds of 5-1, meaning that if the horse wins, the player will receive five times their original wager plus their original wager. The exacta, trifecta and superfecta bets all have different payouts, depending on the amount of money bet and the number of horses involved in the wager.
Horse Racing Bonuses
Many online bookmakers in Canada offer bonuses and promotions for those who bet on horse racing. These bonuses are usually in the form of free bets or cash bonuses, and can help to boost a player’s bankroll. These bonuses are usually only available to those who have opened an account with the bookmaker, so be sure to check the terms and conditions of any bonus before signing up.
Conclusion
Betting on horses online in Canada is legal and is a popular pastime amongst Canadian players. There are a number of different types of wagers available, with different odds and payouts. Many online bookmakers also offer bonuses and promotions for those who bet on horse racing, which can help to boost a player’s bankroll. When it comes to betting on horses in Canada, it is important to understand the legalities and types of wagers available, as well as the bonuses and promotions available from bookmakers.