Everyone’s a winner with Canada’s new single game betting law
Just in time for the 2021-22 ice hockey season, the Canadian government signed and implemented a new betting bill which allows supporters to bet on single game events. This has previously been prohibited, and now law makers and clubs alike hope that this initiative will drive more money back into the country, as well as strengthen sports supporter communities and engagement with sports clubs.
In August of 2021, the Canadian government passed a bill that allowed single event sports betting. The bill went into effect on August 27 of 2021. Single event betting would include betting on large finals such as the Stanley Cup final or the Super Bowl, as well as specified betting in categories such as MVPs or speed trackers.
Increased winnings for gamblers and policymakers alike
The new bill will make it easier for supporters to attain the benefit that all players look for in gambling settings: easier and bigger revenues. Whether in sports betting or regular casinos, a deciding factor in the choice of gambling platform can depend on the monetary opportunities. Players can visit Casinoclaw for a list of the best casino bonuses
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The new betting legislation, which goes by the name Bill C-218, was greatly successful despite being put forth by the opposition. In an impactful speech, the bill’s author Kevin Waugh argued that prime minister Justin Trudeau “is allowing billions of dollars a year to fall into the hands of big multinational companies and criminals.” The bill subsequently got support from all for major parties.
Players have avoided national regulations
Naturally, one of the main reasons for the passing of the bill is the economic benefit. According to CBC news
, Canadians have turned to the black market for single event betting with annual spending of $10 billion.
Canadians have also turned to offshore betting markets for similar gambling opportunities, which is also called the grey market as that form of betting isn’t illegal but avoids national regulations. By bringing single game betting into the range of legal gambling, the Canadian state will be able to monitor and redistribute the taxes made off the revenues.
A move away from “impossible” parley betting
The former legislation that prohibited single event betting did so in order to prevent match-fixing, which is where the outcome of a single game or match is unfairly pre-determined. This would allow players or other people involved with the team to easily make large winnings on sports betting. To counter that, the previous law only allowed parley betting, which is gambling on a series of events in a singular bet.
The concept of parley betting has been criticized in several ways. For one, the odds of correctly guessing or analyzing the outcome of just one sports event may be hard enough, but the parley betting forces you to correctly predict three games in order to win your money. This set up has been viewed as unattainable and may deter sports fans from even attempting to win money. Law makers are hopeful that the single-event betting will enable more fans to interact and engage, which has the possibility to strengthen the supporter community and on top of that drive revenues up even further.
Even if the bill now allows single-game gambling, it does not state so specifically. Rather, it gives autonomy to the local provinces to regulate the gambling market as they see fit. This may have to do with the increased risks of match fixing mentioned above.
Canada’s history with match-fixing
As mentioned, one of the biggest concerns with the new bill has been the increased risk of match-fixing. Match-fixing is a phenomenon which the Canadian sports world is rather familiar with, as the Canadian Soccer League has faced several investigations
over the years. The first such event that gained media attention was a match against North Korea in the 1980s, but since then there have been two major investigations in 2009 and 2015. According to the International Centre for Sport Security (ICSS), over half of the League’s games in 2015 showed signs of “suspicious betting patterns”.
Furthermore, Canada has no law that directly prohibits match-fixing. It has a law that attacks unfair gambling with “intent to defraud”, but otherwise the investigations rely on international gambling statutes under the United Nations and various gambling associations. Hopefully, this new betting legislation does not increase match-fixing, but rather acts as a way for sports fans to reconnect with their favorite teams and with other supporters in a post-pandemic setting.