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Best Canadian Dollar Sportsbooks with Hockey Betting

There are dozens and dozens of online sportsbooks ready and willing to take your bet if you live in Canada.  But as a Canadian, it only makes sense that you'd want to find the best Hockey betting options that accept Canadian Dollar (CAD) deposits and allows you to make bets from your CAD account balance.

Most sportsbooks only allow you to make bets in other currencies like the US Dollar, the British Pound or the Euro.  This would mean that your CAD deposit would need to be converted to buy a balance in one of these currencies.  Built into this currency conversion is a fee that goes to your bank, credit card company or whomever makes the conversion. You rarely see the exact fee because the exchange house simply sells you the new funds at a markup of the best exchange rate at the time of your transaction.  While you will see the your exchange rate, you will never see the markup charged. This markup will be worth as much as 5% of the value of your deposit.  You avoid this fee when you fund your account to a CAD Hockey betting site.

Furthermore, if you need to convert back to Canadian Dollars when you withdraw your winnings, you will have to pay the same exchange fee approaching 5%, plus you may be exposed to losses due to currency fluctuation if the value of the Canadian Dollar rose against your chosen betting currency.  When you opt to play with a CAD sportsbook like those that we list, you'll keep your own money for your own enjoyment.

Here's an example of how much money you can lose if you don't bet in Canadian Dollars:

For simplicity, I’ll say you're going to deposit $1,000 CAD.  When you convert to another currency, the actual value of your deposit will be be reduced due to the currency exchange fee.  At 5%, your actual deposit will be worth $950. Let's say you play for a few months, you’re about even and you want to withdraw your funds, but the value of the Canadian dollar has gone up 10% against your betting currency.  When you make the exchange, you'll have lost a further $95 - now you're down to about $850.  But wait, the currency exchange fee to get back to Canadian funds will be another 5% which will bring your overall deposit down to just over $800.  You've lost nearly 20% of your initial deposit simply due to the complications of currency exchange.  

Keep things simple - bet in CAD to save your hard-earned money for your enjoyment.

About My Hockey Betting Listings:

Why is my list so short?  I only list those sites that I consider to be the best for Canadians. Would it really make sense for me to research twenty betting companies and then rank them one through 20?  Would you sign up with sportsbook number 16?  Of course not!

That’s why I try to keep things simple.  If a company doesn’t measure up against my Canadian perspective, they don’t get listed.

Why might a site fail to get listed?  Limited hockey betting offerings, poor payout record like withholding bettor funds or placing limits on the accounts of winning players, not offering CAD wagering or not offering mobile betting.

Each listed site has satisfied my review criteria, but they are each different in their service offerings. So read the reviews and choose based on your own preferences and requirements, not a bogus rating scheme.  If you like to shop for the best odds, it might make sense to sign up with more than one so that you can maximise your winnings.  

Short Summary of the Top Canadian Dollar Hockey Betting Sites

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Bodog is one of the oldest brand names in online betting, in business since 1994. Bodog is specially targeted to the Canadian market, so you know they cater to Canadians preferences and requirements. For example, they are the only betting site that accepts the popular-in-Canada Interac Email Transfer as a deposit method.  Read the full review here.

Pinnacle was established in 1998.  They don’t advertise, so you may not have heard of them.  The money they save on ads ensures they can operate on very thin margins to consistently offer the highest paying odds.  Pinnacle calls this 'A bonus for life.'  If having consistently high paying odds is of most importance to you, Pinnacle is likely your best option.  Read the full review here.

Sports Interaction is the only betting site that is both located and regulated in Canada.  Given this, you are assured of Canadian Dollar betting, tons of good banking options betting and a very stable and secure company.  They offer a wide array of betting options for hockey so you can truly leverage your knowledge of the game and its players. Read the full review here.

William Hill is a pioneer of world sports betting, established in 1934.  Listed on the London Stock Exchange, they are rock solid betting company.  William Hill recognized the importance of the Canadian market long ago by being one of the first international services to offer CAD accounts, numerous Canadian-friendly banking methods and lots of hockey betting options.  Read the full review here.

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