What is PointsBet Canada?
PointsBet Canada is a safe and secure way to make sports wagers in Canada. With presence in Australia and the US, there's no better place to bet on your favourite teams than with Canada's top sports betting app!
What is Responsible Gambling?
The best way to bet is to do it responsibly!
WHAT CAN I BET ON?
WHAT ABOUT NON-MAINSTREAM SPORTS?
Action: A sports wager of any kind; a bet.
Added Game: A game not part of the typical menu of wagering offerings, often posted as an addition to patrons.
Book: A premises that accepts bets on the outcome of sporting events.
Buy (Points): A player pays an additional price (lays more money) to receive a halfpoint or more in his favor on a pointspread game.
Chalk: The favourite.
Cover: Winning by more than the pointspread.
Dime: A $1,000 sports wager.
Dog: The team perceived to be most likely to lose; Short for underdog.
Favourite: The team considered most likely to win.
Firsthalf Bet: A bet placed on the score in the first half of the game only.
Future: Odds that are posted well in advance on the winner of major events, including the Superbowl, NBA Championship, World Series or Stanley Cup.
Halftime Bet: A bet placed on scoring in the second half of a game only.
Handle: The total dollar ($)amount of bets taken.
Hold: The percentage the house wins.
Juice: The bookmaker’s commission from a market.
Laying the points/price: Betting the favourite by giving up points.
Limit: The maximum amount accepted by the traders before the odds and/or pointspread are changed.
Line: The current odds or pointspread on a particular event.
Longshot: A team perceived to be unlikely to win & at ‘long’ odds.
Middle: To win both sides of a game; wagering on the underdog at one pointspread and the favourite at a different pointspread and winning both sides. For example, if the player bets the underdog +5.5 and the favourite 4.5 and the favourite wins by 5, the player has ‘middled’ the book and won both bets.
Moneyline: Odds expressed in terms of money. With money odds, whenever there is a minus (-) the player lays that amount to win $100; where there is a plus (+) the player wins that amount for every $100 wagered.
Nickel: A $500 sports wager.
No Action: A wager in which no money is lost or won and the original bet amount is refunded.
Off the Board: A game in which no bets are being accepted.
Opening Line: The earliest line posted for a sporting event.
Over: A sports bet in which the player wagers that the combined point total of two teams will be more than a specified total.
Parlay: A single bet that links together two or more wagers; to win the bet, the player must win all the wagers in the parlay. If the player loses one wager, the player loses the entire bet. However, if he wins all the wagers in the parlay, the player wins a higher payoff than if the player had placed the bets separately.
Pick or Pick ’em:A game when neither team is favoured.
Point Spread: The margin of points in which the favoured team must win by to “cover the spread.”
Price: The odds or point spread.
Prop (Proposition): Bet A bet that focuses on the outcome of events within a given game. Props are often offered on marquee games of great interest. “Which color Gatorade will be poured on the coach after they have won the Superbowl?”
Push: When the contest ends with no winner or loser for wagering purposes; a tie for wagering purposes.
Round Robin: A series of parlays.
Sides: The two teams playing; the underdog and the favourite.
Sportsbook: A physical location that accepts sports bets.
Straight Bet: An individual wager on a game or event that will be determined by a pointspread or money line.
Straight-Up: Winning the game without any regard to the pointspread; a moneyline bet.
Take the Points: Betting the underdog and receiving its advantage in the pointspread.
Take the Price: Betting the underdog and accepting money odds.
Teaser: A type of parlay in which the pointspread or total of each individual play is adjusted. The price of moving the pointspread (teasing) is lower payoff odds on winning wagers.
Tie: A wager in which no money is lost or won because the teams’ scores were equal to the number of points in the given pointspread.
Total: The combined amount of runs, points or goals scored by both teams during the game, including overtime.
Under: The player bets that the total points scored by two teams will be less than a certain figure.
Underdog: The team perceived to be most likely to lose. Also known as the “dog.”
Vigorish: or "Vig" The bookmaker’s commission; also known as juice.
Types of Bets
A moneyline bet is placed on either team to win the game outright, with the favourite indicated by a minus (-) sign and the underdog indicated by a (+) sign.
For example, if Team X is a 200 favourite to win the game, a bettor would need to wager $10 to win $5. On the other hand, if Team Y is the underdog at +200 odds a bettor could win $20 from a $10 wager.
Moneyline bets are located under the Fixed Odds tab on each eligible event page.
To place a moneyline bet, select your event, choose the team you think will win, and enter your wager. Then, get ready to cheer on your team!
Unlike a moneyline bet, a spread bet isn’t based on which team wins the game, but instead is based on the number of points each team wins or loses by.
What does “cover the spread” mean? If the favourite team wins by more points than was listed on the market, they have covered the spread. The team that’s deemed the underdog can also cover the spread in two ways: 1) If they win the game or 2) They lose by less points than what was listed on the market.
For example: Team X is favoured by 7 points or 7 over Team Y. That means Team X will need to win the game by more than 7 points to cover the spread. On the other hand, if the bettor chose Team Y to cover the spread, they will need to lose by less than 7 points OR win the game. If either team lands exactly on the 7 point mark, the bet will be a push and stake returned.
Spreadline bet odds are located in the left column of every eligible event!
To place a spread bet, choose your event, select which team YOU think will cover the spread, enter your wager, and watch the action unfold!
A totals bet is wagering on the total number of expected points scored by both teams in any given matchup. Bettors have the option of betting on the combined score of the two teams either going “over” or “under” the listed total.
For example, say PointsBet Canada lists a total of 47 points for a matchup between Team X and Team Y. If a bettor were to make a wager on the over, a winning bet would require at least 48 combined points to be scored. If the total ends up at 46 or fewer the bet would lose, while a hypothetical final score of 27-20 — for exactly 47 points — would result in a “push,” meaning the bettor’s stake would be refunded.
Total bet odds are located in the middle column of every eligible sport including football, basketball, baseball, and more!
To place your bet, choose your market and add to your bet slip. Place your wager, submit your bet, and win big!
Also known as a “proposition,” a prop bet is a wager on a specific player or team-related event during a game. Each prop bet has corresponding odds assigned to the potential outcomes of that event. Think of it as a scenario that PointsBet presents to bettors, who then decide whether or not that scenario will actually occur.
For example, say you navigate to an event where prop bets are available. They could be player props, team props, or a game-related props.
A player prop example could be “Player X will score a touchdown”
A team prop example could be “Team X will score first”
A game prop example could be “A Grand Slam will be hit at some point in the game”
To place a prop bet, choose your market, and decide which prop bet is for you
Add your selected prop bet to your bet slip. Place your wager, submit your bet, and win big!
A straight bet is an individual wager based on the outcome of a single event. Straight bets can include a spread, moneyline, total (or over/under), propositions, and more! Straight bets are the least complicated and perfect for new and casual bettors.
A parlay involves betting on two or more outcomes at once and combining the bets into a more involved wager with escalating returns. All bets on the parlay must win for the entire bet to be a winner.
For example, a traditional parlay could be betting the spread on Team A vs Team B AND betting the moneyline on Team C vs Team D parlays can consist of several combinations of fixed odds across several sports, leagues, divisions, etc.
The more "legs" or outcomes you add to a parlay, the bigger the odds and the bigger chance of a payout!
Additionally, PointsBet Canada offers Same Game Parlay (SGP) in which bettors can combine numerous outcomes (or legs) from the same event. All legs must then be successful for the SGP to be a winner.
Currently, all NBA, MLB, NFL, AFL and NRL games are eligible for Same Game Parlay (more markets are on the way!).
A round robin is a series of parlays. For example, a 3team round robin consists of three 2team parlays(A + B, A + C and B + C).
FIXED ODDS BETTING / MARKETS
Fixed odds betting allows bettors to secure prices and odds at the time of placing their bet. This price will not be subject to any future fluctuations once the bet is captured and accepted.
There can be various markets within the same game. To see these markets, click on the specific match you want to see the markets for. Scroll down to see all available market options. If there is any confusion regarding the market, click the “I” icon next to the market title to get a more thorough explanation.
Kinds of Fixed Odds Markets include: Spreads, Moneylines, Totals (also called over/unders), and Props
A futures bet involves making a wager on a player or team-related outcome that won’t be settled until the conclusion of that season. The most common futures bet involves wagering on a team to win its respective league championship.
PointsBet Canada offers bettors the unique ability to pick numerous spreads, totals, and player props on individual games and players.
Normally, a bettor would have to parlay certain lines together to in turn get a more favorable one. On PointsBet Canada, you can choose from over 70 Totals & Spreads to create a parlay with or bet in singles. They are not required to be in a parlay to get a 'Teased' line.
These are also available in Player Props for most marquee games. These can also be parlayed together.