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Wealth and wealthy people in Canada
According to an MGM Research report on global millionaire populations, in 2019, Canada
had over 459,000 millionaires. Note that for the purposes of the study, these are
people that had net assets of more than 1 million US dollars (as opposed to Canadian
dollars). This is roughly 2.3% of the world’s share of millionaires. It is likely
no surprise that Canada has this many potential high-rollers. Canada is #22 on the
list for Average annual income at $44,860 (USD) per person. This calculation takes
the wealth of the entire country by Gross National Income and divides it by the population.
As of 2012, Canada had over 60 billionaires that are responsible for businesses
and brands like Thomson Reuters, Rogers Communications, Irving Oil, eBay, Saputo,
Apotex, Circque du Soleil and many more.
About Canada high-limit sports betting providers:
Online betting in Canada holds a strange position, whether you bet with high stakes
or average stakes. You are likely already aware of the various sports lottery games
across the country that offer terribly low odds and require you to bet parlays. In
other words you cannot make a bet for the outcome of a single event. This is down
to an old Canadian law, which mandates no single event wagering of any kind. So
currently, even government-run corporations must avoid single game betting operations.
The caveat to this would be the First Nations gaming operators that are technically
able to offer their own services outside of Canadian laws, while enjoying banking
relationships with Canadian financial institutions. Unfortunately, the betting limits
for these companies are actually very low, which is not great for the high net worth
people in Canada that may want to bet big. In the end, know that Canadians can enjoy
online sports betting as a consumer with no legal concerns whatsoever. Laws restrict
the operation of a gaming business, not the bettors. With that stated, all of the
best Canadian betting sites that we list all offer Canadian dollar accounts and banking
methods with seriously high win limits.
Making large banking transactions for high stakes online betting from Canada:
Without a doubt, the largest possible sportsbook transaction will come via bank transfer.
Limits for these can be anywhere from 100,000 CAD to literally unlimited. So for
the true VIP, this could be your best option. Simply take the given betting site’s
bank wire details to your bank and have the information entered correctly with your
account reference number. Other methods that could work for high-limit bettors in
Canada can include Instadebit. This bank debit method is popular and depending on
your chosen betting site, it could have significant limits, anywhere from $3,000
to $20,000 CAD. Credit cards and debit cards can often also have very high limits
depending on the given betting site, with limits from around 7,000 to 50,000 CAD.
Interac e-transfers are available at some betting sites above, but limits tend to
top out around $3,000 and that is set by Interac, not the betting sites that accept
Which of the above high stakes betting sites for Canadians offer an early cash out
All of the above online sportsbooks offer some manner of early cash out feature so
you may secure a win or protect stake money before your event has reached its natural
Odds comparisons for sporting leagues that are popular in Canada
If you are looking to bet big, you know that getting high odds could be a prudent
decision. Getting the highest odds comes through odds comparison. The top service
for this for Canadians is a site called oddsjet.com. No matter what league you’re
interested in, they can help you find the top-paying bookie. The difference can
be big, 20 to 50 per cent, especially when you bet on parlays or round robins, or
if you like futures bets on the winner of events like the World Series , Super Bowl,
Stanley Cup or even golf events like the Masters or tennis events like Wimbledon
. If you are laying significant stakes as a high-roller, imagine you are being offered
20, 30, 40 per cent or even higher for your bets of interest? Why would you leave
that money on the table when odds comparison has been made so quick and easy?
Is online sports betting even allowed in Canada - is it legal?
Through 2020, Canada remained what some term to be a ‘grey market’. Players in Canada
could not bet on single events through providers that operate in Canada, such as
the locally run provincial betting sites and sports lottery games. The local law
prohibited single-event wagering in the country, mandating parlays. This pushed
many players to move to ‘offshore’ providers that legally operate from their gaming
jurisdictions in Europe or elsewhere. However, in June 2021, new Canadian legislation
was passed so that this archaic law with regard to the prohibition of single-event
betting was be amended. This development means that the incumbent ‘offshore’ wagering
providers will be able to apply for local licenses where available in order to serve
their existing customers in a more competitive fashion. It also means that other,
new entrants to gaming and sports betting will likely emerge into the Canadian market.
This will all happen at the provincial level, as provinces are in charge of gaming
oversight and regulation in Canada. Ontario will be the first province to put this
in action in a wide manner as it looks to open an uncapped market system where online
sportsbook providers can apply for licenses to serve Ontario. With these iGaming
licenses, the AGCO will thus permit the existence and operation of fully licensed
& legal Ontario betting sites. For coverage of the new Canadian sports betting landscape,
check out SportNation Bet Canada for all the latest news developments.
The best high-limit sports betting sites for wealthy people in Canada: Top online
bookmakers for Canadian VIPs & high-rollers.
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