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Best Betting Exchange Sites in Ontario: Are They Legal?

Betting Exchanges in Ontario

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Conclusion on Sports Betting Exchanges

Betting Expert

Rowan Fisher-Shotton

61 Articles

Playing at a betting exchange offers a chance to do something different. Sportsbooks are all fine and well but put players at an inherent disadvantage. When betting against the book, it is an uphill battle for players, creating limited value.

A betting exchange in Canada offers much better value and a different format where players can wager against one another. It is the kind of community-driven platform where the competition gets ramped up, and players can create their own wagers rather than being stuck with the sportsbook offerings.

Though we are in the early stages of the betting exchange world, there is a lot of promise. It won’t be long before there are more bet exchanges popping up. Get in now, learn how to use them, and join in on this revolutionary change in sports betting.

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Q&A Bet Exchanges

Can Ontario residents use international betting exchange sites?

Ontario bettors should always look to use sites that are regulated and licensed in Ontario. By doing this, Ontario bettors can ensure that they always use legitimate sites that have to follow local rules.

How secure are betting exchanges?

Sports betting exchanges that are fully licensed for use in Ontario are safe to use. These legitimate sites are regulated by local gaming commissions to ensure fair play for each customer.

What are the best strategies to earn profits on betting exchange sites?

One of the preferred methods of winning on betting exchange sites is taking big favourites or underdogs. This is a long-term strategy and won’t look great in the short term.

Are winnings from betting exchanges taxable in Ontario?

Any sports betting exchange winnings are 100% tax-free in Canada. This is due to consumer-friendly legislation, leaving players to play on betting exchanges and keep every dollar earned.

6+ Years of Experience in NBA and NHL Betting
Rowan Fisher-Shotton Sports Betting Journalist at GambleOntario photo

Sports Betting Journalist

Rowan Fisher-Shotton

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61 Articles

Rowan is a highly accomplished sports betting journalist with a proven track record of over 6 years in the sports media industry. He is widely recognized for his insightful coverage and thought-provoking commentary on major leagues like the NBA, NFL, and NCAA.

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Facts checked by Eamon Doggett