Matched Betting is one of the best sports betting strategies and side hustles around. It’s never been a better time to start Matched Betting in Canada with the legalization of sports betting. So get stuck in with our Matched Betting Canada guide.
Matched Betting Canada Introduction
For this guide we’ll be looking at how to begin earning from matched betting in Canada. For this article, I won’t be going into a deep explanation of what exactly matched betting is and how it works.
Due to this, If you are unsure how the matched betting technique works or this is the first time you’ve heard of Matched betting then read my beginner’s guide to matched betting using the button below.
Once you’ve grasped the basics come back to the Matched Betting Canada Guide.
Now let’s look at matched betting in each province.
How to Start Matched Betting in my Province
Online single sports betting is currently available in all provinces of Canada except the Yukon, Northwest Territory and Nunavut.
Each provinces has different licensing rules and because of this some provinces will have different sportsbook and different promotional offers.
Due to this we have created guide specific to your province in Canada
By following our provincial guide below you can make your first profits from matched betting. Click on one of the links below:
- Ontario Matched Betting Guide
- Quebec Matched Betting Guide
- British Columbia Matched Betting Guide
- Alberta Matched Betting Guide
- Matched Betting in Other Provinces
Matched Betting Canada Sites and Software
After completing all of the sportsbook sign up offers we need to move onto the recurring existing customer offers.
At this stage I recommend joining a premium matched betting service.
These are subscription services that provided advanced software tools, daily existing customer offers tracking, along with a full time team of staff devising new ways to profit with matched betting.
Why Pay for a Matched Betting Canada Service?
There is one simple reason for paying to use a premium service. You’ll make WAY more money!
Once you have finished the sign up offers. How much money you can make from matched betting comes down to two main factors.
- The number of profitable existing customer offers you can find
- How fast you can complete these offers
Consequently, these are the two aspects a paid matched betting service offers.
A full time team and community of offer finders and the software to speed the whole process up.
There are two main matched betting services that cover Canada:
DarkHorse Odds – Matched Betting Canada Service
DarkHorse Odds provide coverage for matched bettors in Ontario.
Each day they provide a list of all the promotions available in Ontario via the Promo Dashboard and Discord community
In addition to the Promo Dashboard, DarkHorse Odds has powerful Bet Finder tools.
Once you have a promotion you want to profit from you can find the best betting markets in Ontario to place your qualifier bets and free bets on.
DarkHorse Odds offers a whole host of other services and products that you can learn about in my full DarkHorse Odds review.
You can try Dark Horse Odds for free using their 2 day free trial via the button below:
Following the 2-Day trail the monthly subscription cost is $39.00 USD which is about $53 CAD
Oddsjam – Matched Betting Canada Service
Another website offering matched betting in Canada is Oddsjam.
In addition to Ontario, Oddsjam covers every province in Canada. Making them an absolute go to for Matched Betting in Canada
However, Oddsjam does a lot more than just matched betting. They have Software for daily fantasy sports, value betting and even tools for Industry professional all under different pricing plans.
As a result, it can get a little confusing for newer customers to navigate through the website for the first time.
Especially as there are a number of different subscription plans which give access to different products.
In our case we want to be looking at the Promo Optimizer Plan which includes access to:
- Odds for Onshore and Offshore sportsbooks
- Low Holds Bets Tool
- Middles Betting Tool
- Free Bet Conversion Tool
This plan costs $39.00 USD per month which is about $53 CAD per month.
First Let’s take a look at the tools
Low Holds Bets Tool
Oddsjam’s Low Hold Bets Tool allows you to find bets with the lowest synthetic hold. Meaning you make lower qualifying losses.
Once the tool has loaded some matches we want to find the match with the lowest percentage.
This tool is great for placing ‘Qualifying Bets’ along with ‘Mug Bets’ or to try to put through a large volume of bets in order to qualify for VIP loyalty programs.
The low holds tool covers almost every sportsbook in the USA and Canada in addition to many popular off shore sportsbooks and betting exchanges.
You can filter the results to display matches for certain sports, leagues, start times and more.
The tool has a handy built in Dutching Calculator which will pre load the odds from the selected match.
Free Bet Conversion Tool
Next, tool we’re going to look at helps us maximizer the profit we make from free bets by finding the matches that will convert the highest percentage of our free bets to cash.
The Oddsjam Free Bet Conversion Tool operates very similarly to the low hold bet tool.
However, this time we are looking for high conversion percentages in the conversion column.
Just like the low hold tool we can filter the results for the sportsbook we have the free bet with along with the sports, league, market type, time and more.
The next software tool we’re going to look at from Oddsjam is unique to their service. It’s the Middles Betting Tool.
Middles Betting Tool
Finally, we have a product that is unique to Oddsjam which is the Middle Bets Tool.
The middles beting tool finds odds discrepancies between goals/points markets and spread markets.
In certain situations there will be an opportunity to place a zero hold bet across two different points or spread betting markets that leave a ‘gap in the middle’.
For Example, we find a sportsbook offering ‘Over 55 Total Points’ for odds of +100 on a NBA game, if we then find a sportsbook overing ‘Under 57 Total Points’ for odds of +100 on the same NBA game. We have what’s called a Middle Bet.
If the total points scored in a game is under 55 points or over 55 points we breakeven.
However, if the total points for the game is 56 points. We hit the middle of the bet meaning both our Over 55 points and Under 57 Points bets win!
The middles bet tool can be used to find these type of opurtunities. You can also set up email and text notifications with Oddsjam to notify you when a new middle bet match has been found.
Oddsjam 7-Day Free Trail
When you create an account with Oddsjam you can start a 7-day free trail of the Promo Optimizer Plan.
You will be billed $39 once the 7 days conclude but can cancel the free trail at anytime.
Matched Betting Canada Tips
Here are a few tips to make your matched betting canada journey easier and more profitable:
- Create a new email for matched betting
- Open a separate bank account for matched betting
- Reinvest your profits into your matched betting bankroll
- Round up your hedge bets to round numbers ($28.79 –> $30)
- Minimize withdrawing funds from betting accounts
- Always double check your bets before placing
- Double check terms of a promotions
Below I have a list of frequently asked questions about matched betting in Canada.
However, If you have a question I have not answered, then leave a comment at the bottom of this article and I’ll answer it for you
Matched Betting Canada FAQ’s
Is Matched Betting Legal in Canada?
Yes, matched betting is perfectly legal and above board. Although some sportsbooks may frown upon the process.
If a sportsbook offer us a profitable promotion we’re entitled to take it.
Check out my full article looking at the “Is Matched Betting Legal in Canada?“
Are Matched Betting Profits Taxed in Canada?
No, any profit you make from matched betting is generally not considered income. Unlike in the USA any profit you make is yours to keep.
In addition, professional gamblers such as Brian and Terry Le Blanc have beaten the government in court over taxation claims in the past.
However, the Canadian government have made the legislation very unclear and ambiguous.
Can You Make a Living from Matched Betting?
It is possible and people certainly have made a full time living from Matched Betting.
However, I would recommend using matched betting to supplement your current income over using it as a replacement.
How Risky is Matched Betting?
Matched Betting is often referred to as no risk matched betting as the process is theoretically risk free.
However, in the practical world there are some risk to be aware about when matched betting. Such as a sportsbook’s website going down as you try to place a bet or your bank deposits failing and being unable to hedge a bet.
Will Matched Betting Affect My Credit Score?
No, Opening and depositing into betting accounts with sportsbook does not affect your credit score.
I would recommend opening a separate bank account for your matched betting. This not only makes tracking your matched betting profits easier, but also keep you main bank account clear from betting transactions.
This provides people with peace of mind if they ever need to provide bank statements.
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