Payment Methods for Sports Betting in Canada
The fastest and most reliable ways to deposit and withdraw at Canada betting sites. We cover processing times, fees and which methods work best at each bookmaker.
Accepted Payment Methods
The most popular banking method for Canadian bettors — instant domestic bank transfers.
Odds Format in Canada
Decimal odds are the dominant format in Canada, especially in Ontario's open market. American (moneyline) odds are also displayed by many sportsbooks due to proximity to the US market. Fractional odds are rarely used.
Reading Decimal Odds
Win €25 profit on €100 stake (total return €125)
Win €100 profit on €100 stake (total return €200)
Win €450 profit on €100 stake (total return €550)
Betting Apps in Canada
All major Ontario-licenced operators (Bet365, DraftKings, FanDuel, BetMGM) have dedicated iOS and Android apps. Apps are available on the App Store and Google Play in Canada.
Currencies Accepted
Most international operators accept CAD (C$) deposits directly. Where the local currency is not supported, USD or EUR are typically accepted as alternatives.