Online live betting has become incredibly popular in recent times. With new and better technologies available, it’s now incredibly easy for online sportsbooks to offer betting on ongoing matches, as they can quickly change odds based on what’s happening on the field, and they can process countless wagers instantly.
With that in mind, we wanted to give our Canadian bettors a detailed guide on how live betting works, which sports you can bet on, and so much more. Naturally, we’ll also cover the best live betting sites in Canada today so that you can get started right away! Let’s begin.
Best Sportsbooks for Live Betting in Canada
Nowadays, it’s almost impossible to find a genuinely great sportsbook covering live betting. We wanted to make this easier for you, so we did the heavy research and ended up finding some of the very best sportsbooks that offer live betting. Naturally, all of these betting sites cater to Canadians, and they have fulfilled all the requirements we deem important for our audience. Here’s the list of the best live betting sites for Canadians:
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How Live Betting Works
Live betting is practically the same as regular betting on online sportsbooks. The only difference is that you need to place your bets on ongoing games — the matches that are on at the time of your betting, that is.
This type of betting allows you to make split-second decisions based on the situation on the field. Beginner sports bettors typically don’t see much point in live betting, as it’s too fast and chaotic, but experienced bettors thrive from it.
You can earn a lot more by placing live wagers than you can with the regular ones. Still, you have to be experienced enough to know what to bet on and when precisely to place your bet.
More importantly, live betting allows you to place different types of bets, many of which are either not typically available in regular betting, as they largely depend on you knowing what’s happening on the field.
In essence, live betting opens up many opportunities, and, as long as you are a fan of the sport you want to bet on, you can make a lot of money from live bets.
When it comes to the actual functionality of these wagers, everything is pretty straightforward. A sportsbook will usually have a separate section for in-play bets, and you can place wagers there in the same way you would with regular bets.
What’s more, the best live betting sites in Canada will allow you to watch a live broadcast of the game you’re betting on as well, so you can follow the game and place bets simultaneously.
In the end, it’s important to note that the odds are very fluid in live betting. They tend to fluctuate a lot, as sportsbooks automatically change them based on what’s happening in the games.
Live Betting Options – Which Sports Are Covered?
Most sportsbooks today offer live betting on all sports they usually cover. However, you should know that live betting is best suited for tennis, basketball, soccer, cricket, baseball, and other sports where games tend to last longer and feature different elements people can bet on. Most notably for Canadians, ice hockey, one of the most popular sports among Canadians, is perfect for live betting.
You can still place live bets with other sports, but it’s not always suited for fast and short events like horse races, where everything is over before you can decide what to bet on! Plus, there aren’t many options available during the race.
Nevertheless, you’ll find that the great majority of sports are quite suited for live betting, so no matter which sports you’re a fan of, there will always be something to bet on in Live Betting sections of your favourite sportsbooks.
Cash Out in Live Betting
Cash out is a useful option you get in many great sportsbooks during the game. For example, if your team is losing, the bookie will offer you a sort of settlement. You can claim that money even if the game hasn’t ended yet, and you don’t know how your wager will fare.
This option is typically available in many other cases as well, like in parlay bets. For instance, if you’ve already won three out of four bets you’ve placed in one slip, and you are unsure what will happen with the remaining one, you can opt for a cash out for a smaller profit.
In most cases, you won’t receive the same amount as you would if you were to win the wager completely. Nevertheless, you will still be able to make some money, so it’s a great option on those occasions when you think you’ll end up losing the final wager.
As we’ve stated already, you’ll typically be able to watch the games you’re about to place a live bet on directly on the sportsbook’s site. In most cases, the bookie will only require you to have funds in your account and to have already wagered in the last 24 hours. If you fulfill all the necessary requirements, the live streaming feature will be available.
As a great bonus, many sportsbooks will also provide players with regularly-updated statistics for live games. So, you’ll get to watch the game, gain insights from important stats, and place bets — all in one place. It’s truly remarkable when you think about it.
What’s more, most of the sites we recommend are also the best live streaming betting sites in Canada. So, all you need to do is join one of them, and you can start watching and betting on your favourite sports events.
Mobile Betting Sites with Live Betting
Mobile devices are mighty machines with lots of options, allowing bookies to offer most of their services on both tablets and phones. Thanks to them, you’ll be able to place live bets on the sportsbooks we’ve recommended no matter where you are.
In case you are worried about the model of your phone, rest assured. Mobile versions can work well on any relatively modern iOS or Android device, provided that they have a stable internet connection.
The Bottom Line
Finally, we can safely say you’ve learned everything you need to know about live betting in Canada. We’ve also given you a great list of the leading sportsbooks where you can place live bets, so all you need to do is pick the one you like, join it, and start having fun. Good luck!
What is the best site for live betting?
Is online sports betting in Canada legal?
Can I cash out the bets I’ve placed in-play?
On which sports can I place live bets?
Are parlays available with live betting?
How do I get started with live betting?