Casino games are fun and profitable: Especially games such as Vulkan Vegas slots can payout truly big amounts. However, no casino game can give the same excitement as sports betting. Betting is a completely different experience and requires a unique mentality. In other words, you will need to find different tactics and strategies than you use in casino games. This can be quite challenging if you have just started betting. To help you, we have listed a few tips for Canadian bettors below: If you follow our recommendations, you can start playing like a pro in a very short time.

Play Only on Licensed Sites

Security comes first, so you should make sure that you are playing on legal and licensed sites before anything else. Unfortunately, this is not so easy for Canada as land-based gambling is legal, but the legitimacy of online betting is still in a grey area. In other words, you cannot find Canadian licensed online betting sites other than horse racing. Almost every state refuses to issue a license for online forms of gambling due to the almost 100-year Criminal Code. However, this is not a serious problem because the internet is full of sites that accept Canadian bettors: You can start playing safely right now by choosing those with a reputable license. Malta Gaming Authority and The United Kingdom Gambling Commission are examples of reputable licenses.

Do Not Exceed Your Bankroll

Just because you have won several bets in a row does not mean that you will win the next ones: There is no such thing as a “winning streak”. Likewise, if you have been losing for a long time, this doesn’t mean that your chances will eventually return. However, in both scenarios, most bettors continue to play and even increase the amount of the bet, just because they “feel” like it. If you play with your instincts, you will eventually lose and even go bankrupt. You should approach betting as a business and set yourself a budget (bankroll). Whether you win or lose, you should not exceed this budget. The sooner you learn to control yourself, the better. With a strictly controlled budget, you can really have fun while placing sports bets. Otherwise, it is almost inevitable to develop a gambling problem.

Don’t Place High Bets

We are sure that you have seen actors making a single bet of tens of thousands of dollars in Hollywood movies, but real life doesn’t work like that. If you have a bankroll of 1,000 CAD, for example, do not spend all of it on a single bet. Use your budget for multiple matches and multiple bets by dividing your bankroll into equal parts. For example, you can bet 100 CAD to 10 different matches. Doing so will allow you to spread the risk and increase your chances of winning. Playing big can result in big losses and believe us, this is not the kind of risk you want to take.

Take Advantage of the Bonuses

Almost every online betting site offers a variety of bonuses to both new and existing members. Consider these when choosing a betting site. A useful welcome bonus can easily double or even triple your starting bankroll. Or, you can win a free bet bonus with your deposits and place a bet without spending from your bankroll. However, don’t let the high numbers and match rates distract you: Every bonus must be wagered and the wagering rate is, therefore, the most important thing to pay attention to. For example, if a promotion that allows you to get 1.000 CAD bonus has a 90x wagering rate, it is completely useless. Because in order to use such a bonus, you must first wager 90.000 CAD (90 x 1.000). In other words, don’t forget to read the terms and conditions of bonuses.

Make Long Term Plans

Movies and TV shows may have made you believe that it is possible to become a millionaire with just one bet, but in reality, things don’t work like that. Most players live with the dream of that single bet that will change their life. However, you need to approach betting as a business and make long-term plans. Don’t expect to get “rich” shortly after you start playing. On the contrary, you should aim for low but regular income. A business cannot give you millions a few months after opening, sometimes it takes years before you can make a serious profit. This also applies to online betting. Be patient, do not exceed your budget,