How Toronto would be impacted by legal wagers

A soccer ball behind the line

A soccer ball behind the lineToronto has spent time as the talk of the sports world in 2019, with the Toronto Raptors becoming the first team in a long time to win the NBA Finals that wasn’t the Golden State Warriors or a team led by LeBron James. And as Canada’s momentum in sports hit that crescendo, many couldn’t help but think about the implications that legal sports betting might have on Toronto specifically, given its position as one of the marquee cities in the country. With in-person sports betting limited to parlay wagers at this point, single-game sports betting could have quite an impact on the city.

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Cons
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Looking at modern wagers

Of course, people in Toronto and the rest of Canada do have the opportunity to place single game bets in the country already. This is a result of online betting sites that give Canadians the chance to bet on their favorite sporting events without having to go anywhere but the internet. And if you take a look at the sports betting options that exist online now, and consider them on a larger scale, the future would be very bright for Toronto as it pertains to sports betting.

One of the things that makes online betting great is the fact that there are so many options to choose from in a single-leg sports wager. Things like prop bets, spread wagers, and even live bets all exist online to give sports bettors the opportunity to win without having to place a parlay bet. If more bettors had access to those same opportunities online due to the legalization of sports betting in the country, that could only be a positive thing for everyone involved.

Pros
  • Various promotions for new and old players
  • More than 25 sports available
  • Many live betting options
  • Regulated by Gibraltar Gambling Commissioner
Cons
  • “Only” 25 sports
$30
$30 Free bets



Possibility for in-venue wagers

Outside of the online betting possibilities, there is a section of sports betting that could make Toronto very interesting if betting was made more legally accessible. That is the possibility for in-venue sports betting, which is something that is also being discussed in many states in the United States as their push toward total legalization continues. With so many professional teams based in Toronto, this would be another intriguing option to say the least.

The entertainment value of sports betting increases greatly when a bettor is able to watch the events that they are wagering on. That is even more true when they are able to watch those bets play out in person, as they get to feel a connection that goes well beyond simply cheering for their favorite team. And while it would be interesting to see how ticket prices and similar factors would impact the overall profitability of sports betting in-venue, the overall wisdom here is that the excitement would be more than worth the price of admission.

Given the quality of sports betting products that are available to Canadian bettors right now, legalizing sports betting would make Toronto’s players more likely to enjoy those offerings. And with the possibility of ideas like in-venue betting available for potential legalization, Toronto would have the potential to become something of a Las Vegas of the North. For sports betting options that can be used throughout Canada now, check out these sites.

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