Best Basketball Betting Sites in Canada 2023

Basketball is a high-octane sport and basketball betting is hugely enjoyable. Whether you want to tackle the college markets or feast on the NBA, there are tons of basketball betting sportsbooks for you to part your cash with.

Our guide will equip you with all the key tools to wager at NBA betting sites and we will give the lowdown on the top 5 operators to help you pick a brilliant site to play at. Read on to find out more.

  • All

100% Deposit Match up to $150

07/01/23

100% Deposit Match up to $150

  • Bet on popular Canadian sports
  • Live sports betting & Racebook
  • Big range of casino games
9.5
5 Stars
NO CODE REQUIRED
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0
This offer is only available to the new customer, who have registered and made their first real-money deposit on Rabona

15% Cashback For First 7 Days

13/12/22

15% Cashback For First 7 Days

  • accepts 7 different cryptos
  • bonuses and cash back offers every month
  • accepts all Canadian players
9.8
5 Stars
NO CODE REQUIRED
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0
Terms and conditions apply, 18 and above

100% Deposit Match up to $150

22/06/22

100% Deposit Match up to $150

  • Growing Brand Worldwide
  • Huge Range of Betting Promotions
  • Fast and Secure Payments
9.7
5 Stars
NO CODE REQUIRED
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01

100% Deposit Match Up To $1,000

20/07/22

100% Deposit Match Up To $1,000

  • Sportsbook and Casino Offers
  • One of Canada's Best New Brands
  • Accpets All Provinces
9.7
5 Stars
NO CODE REQUIRED
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1

100% Deposit Match up to $200

22/06/22

100% Deposit Match up to $200

  • Big Name in Canadian Betting
  • 24/7 Customer Support Available
  • Easy to Claim Welcome Bonus
9.6
5 Stars
NO CODE REQUIRED
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01

First deposit bonus up to 180% and 1 BTC

20/09/22

First deposit bonus up to 180% and 1 BTC

  • Wide variety of sports and games
  • Easy betting interface
  • Great odds & weekly bonuses
9.5
5 Stars
NO CODE REQUIRED
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1

100% Sportsbook Bonus Up To C$300 Non-Sticky

26/10/22

100% Sportsbook Bonus Up To C$300 Non-Sticky

  • All major sports pre-match & in-play covered
  • A variety of Canada facing banking options
  • Excellent promotions for casino & sportsbook
9.5
5 Stars
NO CODE REQUIRED
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0

50% Match Deposit Bonus

20/07/22

50% Match Deposit Bonus

  • Huge Range of Sports Markets
  • $1,000 Welcome Bonus
  • Live In-Game Betting
9.4
5 Stars
NO CODE REQUIRED
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1

100% Deposit Match Up To $1,000

20/07/22

100% Deposit Match Up To $1,000

  • $1,000 Welcome Bonus
  • Big Contests & Promotions
  • NFL and NBA futures betting
9.3
5 Stars
NO CODE REQUIRED
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1

100% Deposit Match Up To $400 + 50 Free Spins

29/11/22

100% Deposit Match Up To $400 + 50 Free Spins

  • HD-Quality Live Streaming Services
  • Huge Bitcoin Bonuses
  • Wide Range of Esports
9.2
5 Stars
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01

Up To $2,500 Deposit Match

20/07/22

Up To $2,500 Deposit Match

  • Biggest Welcome Bonus
  • Stream Analysis Sports Shows
  • 24/7 Customer Support
9.1
5 Stars
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1

100% Deposit Match Up To $500

20/07/22

100% Deposit Match Up To $500

  • Top Horse Racing Sportsbook
  • 7% rebate on all horse race wagers
  • Generous Reload Bonuses
9.0
5 Stars
NO CODE REQUIRED
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1

100% Bonus up to $750

22/07/22

100% Bonus up to $750

  • Accepts Canadian Players
  • Huge Welcome Bonus
  • New Exciting Sports Brand
8.8
4 Stars
NO CODE REQUIRED
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01

100% Deposit Bonus of up to $200

20/07/22

100% Deposit Bonus of up to $200

  • Canada's Biggest Betting Brand
  • Nationwide TV Campaigns
  • Best Payment Methods
8.6
4 Stars
NO CODE REQUIRED
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01

The List of the Best Basketball Betting Sportsbooks

We are in unanimous agreement over the top 10 basketball betting sites to wager with and here is what we have discovered:

  1. Powbet – Best basketball betting site in Canada
  2. Bodog – Excellent mobile platform for a basketball betting sportsbook
  3. Leon Bet – Superb basketball betting for real money operator with competitive odds
  4. N1 Bet – Generous welcome bonus for a basketball betting site
  5. Betstorm – One of the most trustworthy NBA betting sites
  6. Tebwin – Good site for posting basketball futures
  7. Cazimbo – Well designed and user friendly site for wagering on basketball
  8. BetVictor – Solid operator for bet builders
  9. Sports Interaction – Reputable operator for parlays
  10. Tonybet – Good site for newbies

Reviewing the Best Basketball Betting Sites

Now you have seen which sites feature in our top 10 for basketball betting, it’s time to take a deep dive and explore what makes the top five in our list so special. They have been reviewed across a wide range of criteria, so it will put you in the picture of what to expect when you sign up.

1. Powbet – Best Basketball Betting Site in Canada

Powbet basketball bonus

Powbet heads our list of best sites for basketball betting and it is one of the most comprehensive sportsbooks around. Whether you want to use college basketball betting lines for wagering on the biggest events such as March Madness or wish to chance your arm on the NBA Finals, you will find it all at Powbet.

There are over 30 sports to bet on at Powbet and while it ranks well for basketball, Powbet is also widely considered to be one of the best hockey betting sites in Canada too.

Although Powbet doesn’t offer downloadable apps or live streaming available, it is still a reliable mobile betting platform. Regardless of which device you use, you’ll be able to find the markets of your choice easily. For those wanting to veer away from basketball betting, Powbet also ranks as one of the best online casinos in Canada.

You can claim a 100% match deposit bonus worth up to $150 if you join Powbet today. This reward is subject to a wagering requirement on bets with minimum odds of 1.5. No promo code is required to activate this offer.

Pros

  • Accepts cryptocurrencies for most deposits
  • Runs weekly challenges and tournaments
  • Plenty of betting lines for each game
  • Mobile-friendly website

Cons

  • No dedicated basketball betting app

2. Bodog – Excellent Mobile Platform for a Basketball Betting Sportsbook

Bodog NBA prop bets Canada

Bodog is a platform that has a vast amount of experience and it holds a Curacao license. While there is no downloadable app here, you will still notice that the website is very mobile friendly and responsive so you can bring up the best basketball betting markets in a matter of moments.

Everything is neatly laid out and there are some neat features, such as a #NameYourWager, which entails requesting special odds that you might not necessarily find elsewhere and this can be achieved by tweeting the Bodog team. Also, for those who like prop bets, there is a prop builder which can be used on teams or individual performances.

At Bodog, you can tap into a 100% match deposit of up to $400. This offer is subject to a wagering requirement of 5x on bets with minimum odds of 1.01. You can also opt to use another welcome offer or activate ongoing promotions once you’ve exhausted your first bonus.

Pros

  • $400 welcome bonus for new players
  • Great site for placing prop bets
  • 24/7 customer support
  • Neat features such as #NameyourWager

Cons

  • Limited payment options

3. Leon Bet – Superb Basketball Betting for Real Money Operator with Competitive Odds

Leon Bet basketball bonuses

Leon Bet has the edge over many of its competitors and that is partly due to the quality of its live betting product. We’re not just talking about the quality of its in-play markets, but it is also one of the best basketball betting sites for live streaming, so if you are out and about, then you will be able to watch matches in stunning HD.

As such, Leon Bet is one of the best basketball betting apps, as it is compatible with Android and iOS devices and, more importantly, you won’t experience any buffering issues. Leon Bet has widespread across Canada and it is one of the best sportsbooks in Canada.

Filling in an NBA betting slip is rather straightforward, so if you want to make a Moneyline or points spread wager, you will be able to do so at Leon Bet.

Oh, and let’s not forget about the welcome bonus either. At Leon Bet, players can get their hands on $220 worth of risk-free bets and you just need to enter the code CA200. With the free bet, you will need to wager with minimum odds of 1.8.

Pros

  • Can bet with CAD or crypto
  • Good variety of in-play basketball markets
  • Live streaming available via desktop or mobile
  • Virtual sports and eSports are also available

Cons

  • Could have more ongoing sports bonuses for existing players

4. N1 Bet – Generous welcome bonus for a basketball betting site

N1 bet Canada basketball lines

N1 Bet is held in high esteem when it comes to basketball betting and it’s not hard to see why. If you want to land some fair but competitive NBA odds, N1 Bet is the place to be and it supports different odds types – American, decimal and fractional formats.

Also, N1 Bet has a pretty neat basketball betting app to speak of. The live betting nature of the app is seamless, so you can see the odds change in real time, so you will get a breakdown of the stats in real time. Odds boosts are also common for college markets as well as for player props and NBA futures, such as who will win the NBA Championship.

There are plenty of sports available to bet on at N1 Bet and it is one of the best new sportsbooks in Canada as well as one of the best soccer sportsbooks.

The current N1 Bet welcome bonus consists of a 10% free bet of up to $300. This bonus can be used on bets with minimum odds of 1.01. Once you’ve exhausted this offer, you can claim a further three new player bonuses worth up to $670.

Pros

  • Can watch NBA matches in HD
  • Good live betting platform
  • Android and iOS apps available
  • Offers a no-deposit free bet to new players

Cons

  • Welcome bonus smaller compared to other sites

5. Betstorm – One of the most trustworthy NBA betting sites

Betstorm Canada welcome bonus basketball

Whether it is college basketball betting or NBA wagering, Bestorm won’t let you down. Through the NBA season, you will find plenty of player props, such as how many assists a player will make, rebounds, or the total number of points a player will score in a game.

There are over 50 sports to try out at Betstorm and it ranks as one of the best eSports betting sites in Canada as you will find plenty of tournaments to wager on.

And don’t forget about the Cash Out function, as you can retrieve any winnings early from a wager.

The only real shortcoming of Betstorm, is that it doesn’t facilitate live streaming, but there will be a virtual representation of matches in its in-play section. There is also a good range of payment options at Betstorm for NFL betting, including MasterCard, Visa and ecoPayz and the minimum deposit amount is $10.

In terms of the welcome bonus, new players will be able to claim a $10 free bet where the minimum odds are 1.50.

Pros

  • Cash Out function
  • Secure betting site
  • Good range of payment optionss available
  • Free bet available for new players

Cons

  • No live streaming

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Comparing the Top Basketball Betting Sportsbooks

Having dissected the best basketball betting sites, let’s show how each one stacks up in terms of services offered, such as live streaming. We will also remind you of the welcome bonuses in our handy table:

Sportsbook Welcome Bonus Promo Code Live Betting Live Streaming Accepted Payment Methods
Powbet 100% deposit match up to $150 Not required Yes No Credit card, debit card, Paysafecard, Skrill, Neteller, Interac, ecoPayz, Postepay, Bitcoin, Ripple, Ethereum, Litecoin
Bodog 100% deposit match up to $400 Not required Yes No Credit card, debit card, Interac, Bitcoin
Leon Bet 100% risk free bet of $200 CA200 Yes Yes Credit card, debit card, Interac, MuchBetter, Neosurf, Ethereum, Tether
N1 Bet 10% free bet up to $300 Not required Yes Yes Credit card, debit card, Interac, MuchBetter, ecoPayz, Neosurf, Bitcoin, Ethereum, Tether, Dogecoin, Bitcoin Cash, Litecoin
Betstorm Get a $10 free bet with your first $10 bet Not required Yes No Credit card, debit card, Interac, Bitcoin, MuchBetter, Paysafecard
Tebwin Get a $10 free bet with your first $10 bet Not required Yes No Credit card, debit card, Interac, Bitcoin, MuchBetter, Paysafecard
Cazimbo 100% match up to $150 Not required Yes No Credit card, debit card, Interac, MuchBetter, ecoPayz, Neosurf, Infinity, Bitcoin, Ethereum, Tether, Dogecoin, Litecoin, Ripple
BetVictor 100% matched free bet worth up to $300 Not required Yes No Debit card, Credit card, PayPal, Neteller, Skrill, Paysafecard
Sports Interaction 100% match up to $500 Not required Yes No Debit card, Credit card, Interac, Paysafecard, MuchBetter, ecoPayz, Instadebit
Tonybet Get a 100% free bet up to $150 Not required Yes No

 

Debit card, Credit card, PayPal, Neteller, Skrill, Interac, ecoPayz, Bitcoin, Ethereum, Litecoin

Explaining Basketball Betting

Basketball betting is hugely popular in Canada, and while the college basketball scene has attracted some interest, the NBA is where it is at. You will be able to tuck into plenty of game lines and you will find matches are on daily throughout the regular season.

With multiple games on the slate, you are given plenty of opportunities to make a Moneyline bet on the Eastern Conference or Western Conference teams or if you like to take a longer-term view with your betting, you can dip into markets, such as Rookie of the Year. The best basketball betting sportsbooks will be well covered.

Basketball Betting Odds & Lines

Basketball betting odds are paramount especially when assessing which way a matchup will go. The odds will determine how much you stand to win, so if you can snap up the best odds, then your winnings will be much higher.

The best basketball betting sites will have rigorous, but ultimately fair odds, so that bettors can make profits from their wagers.

In the next section, we will look a little more closely at the betting lines that you can use, but the Moneyline is always a good starting point. So, if you wanted to wager on an NBA team, you just have to predict who the match winner will be. If the Boston Celtics were facing the Dallas Mavericks, you may fancy the Celtics and they would be trading as the favorites at -200, while the Mavericks will be +200. 

Odds are usually presented in American format at Canadian sportsbooks, with the minus sign (-) denoting the favorite, while the underdog will have a plus sign (+) next to their name.

Basketball Betting Markets

So, the best basketball betting sportsbooks will be stacked with plenty of lines for you to wager. Below are some of the most popular:

Moneyline

Powbet Moneyline basketball betting

Moneyline bets are the simplest type of bet as you just have to pick a winner. The odds will naturally lean towards the favorite, therefore, meaning returns will be less. There is more risk, but more reward, in picking the underdog to win.

Points Spread

Spread bets require you to bet on whether you think the favorite will win by more or less than a certain number of points. So, with an NBA points spread, for example, the caliber of teams can vary greatly. The underdog will have a minus (-) sign attached and they will have to win the game outright or lose by fewer than the projected total for you to win the bet.

Parlay Bets

Basketball parlay bets involve taking multiple games and putting them together into one bet with higher odds. It is more difficult to take three different teams to win their games, but if they win, you win at substantially higher odds. A three-team parlay, for example, will often show odds close to 6/1 (+600).

Futures Bets

N1 bet Canada basketball futures bets

These are much longer-term in focus and odds will be displayed on basketball betting apps or sites months in advance. So, you could bet on who will win the NBA Championship or be named the MVP.

Totals Betting

Also known as over/under betting, basketball totals give fans a chance to predict the combined score of the game. Instead of predicting the outcome of the match, football fans can also select whether a game will be a high-scoring affair. For example, you could bet on there to be Over 207.5 points, so if the final score featured a combined 208 points or more, then your bet would be a successful one.

Props

Bodog basketball props

Prop bets revolve around individual or team performances. So, you could bet on LeBron James to have a triple-double in terms of being in double figures for points, assists and rebounds in a game for the LA Lakers.

Teaser Bets

Teaser bets are similar to parlays, but you have the bonus of altering the point spread. The odds shift with the spread movements, of course, but teasers can be a way to make parlays more likely to win, albeit at a lower payout.

Basketball Free Bets

You should have no issue trying to find inviting offers at a basketball betting sportsbook. This will help kickstart your betting adventure as a new player, so here are some of the different best free bets you will encounter:

Matched Deposits

This is the most common offer you will see, available with many NBA sportsbooks. You will get an offer from the best NBA sportsbooks, and if it is a matched deposit, you will usually see this matched at either 50% or 100%. This is the percentage of your deposit, so 100% means your bonus will be the same amount as your deposit. 

Risk-Free Bets

These types of bets come with no risk attached. They come in two ways, either you will receive the basketball betting for real money site you play at to place, or you will place the bet with your funds and receive them back if you are not successful. Either way, you get free chances to win funds with these, so obviously, they are great for players. 

No Deposit Free Bets

This kind of offer is much scarcer. These are no deposit free bets, and as the name suggests, they are given to players without the need to make a deposit. Great for exploring new sites, these offer something completely free, even if it is small.

Sportsbook Welcome Bonus Promo Code Min Odds
Powbet 100% deposit match up to $150 Not required 1.5
Bodog 100% deposit match up to $400 Not required 1.01
Leon Bet 100% risk free bet up to $200 CA200 1.8
N1 Bet 10% free bet up to $300 Not required 1.01
Betstorm Get a $10 free bet with your first $10 bet Not required 1.5

Live Basketball Betting

When you place a bet on basketball events in real time, you’ll be live betting. All the best new sportsbooks in Canada that we’ve listed in this guide offer live betting markets. Very often, you can find all current and upcoming in-play bets on a separate page of the sportsbook.

One of the main differences, and sometimes, one of the main benefits of live betting is that odds are constantly updated. The best new sportsbooks, including Powbet and Bodog, update their odds in real-time, just as soon as something happens in the event.

Basketball Betting – Biggest Events

The basketball schedule runs pretty much throughout the year and here are some of the biggest events to bet on:

NBA

The NBA is the most lucrative competition. It is split into the Eastern and Western Conference, and at the end of the season, whoever wins the NBA Finals after the end of the regular season, is presented with special NBA rings.

Olympics

The pinnacle of any international athlete’s career, the Olympics are once every four years, and the US has had a stronghold in terms of hoovering up gold medals.

Spain’s La Liga

Known as the Liga Endesa for sponsorship reasons, it is the top men’s basketball division and there are a few recognizable teams that share the same name as the soccer teams, such as Barcelona and Real Madrid.

March Madness

One of the elite NCAA men’s collegiate tournaments, it goes on throughout the entire month of March and it is a knockout tournament providing plenty of drama.

Live Streaming at Basketball Sportsbooks

On top of offering live betting, some NBA sportsbooks will provide you with the chance to live stream the action whether you’re in Alberta, British Columbia or elsewhere. This means you can keep up to date with what is happening on the court, and you can do this while you have the betting markets open, so you can watch them change as the game progresses.

Many streaming platforms at the top sites for basketball betting will have HD quality with no buffering issues so you can enjoy uninterrupted coverage.

Basketball Sportsbooks and Banking

The best new sportsbooks in Canada have made it as easy as possible for you to deposit and withdraw funds. You can pay using Canadian Dollars on all our featured sites, and most of them also let you pay with Bitcoin and other cryptocurrencies.

The vast majority of payment methods provide you with instant deposits and fast withdrawals. CAD payment options may incur additional fees, but crypto payments are normally only subject to network fees. Moreover, you can usually deposit and withdraw higher amounts when you opt to pay with Bitcoin, Ethereum Litecoin, and other supported cryptocurrencies.

Sportsbook Accepted Payment Methods Deposit Limits Withdrawal Times
Powbet Credit card, debit card, Paysafecard, Skrill, Neteller, Interac, ecoPayz, Postepay, Bitcoin, Ripple, Ethereum, Litecoin Min: $10

Max: $10,000

0-7 business days
Bodog Credit card, debit card, Interac, Bitcoin Min: $10

Max: $5,000

0-15 business days
Leon Bet Credit card, debit card, Interac, MuchBetter, Neosurf, Ethereum, Tether Min: $1

Max: $14,500

0-5 business days
N1 Bet Credit card, debit card, Interac, MuchBetter, ecoPayz, Neosurf, Bitcoin, Ethereum, Tether, Dogecoin, Bitcoin Cash, Litecoin Min: $30

Max: Varies by user

0-7 business days
Betstorm Credit card, debit card, Interac, Bitcoin, MuchBetter, Paysafecard Min: $10

Max: $700

0-7 business days

Basketball Betting Tips

With basketball betting, there are a few things you should keep in mind to get the most out of your time spent at a sportsbook. You won’t go too far wrong if you do the following:

Understand American geography

You need to know and understand American geography to work out where teams are and how that affects travel. This plays a huge part in establishing how tired some teams are, knowing where they have been, and going next.

Keep an eye on Form

Every basketball will drift in and out of form throughout a very long season. When teams play so many games, sometimes you need to take a bigger picture of how things are looking.

Be Selective

You don’t need to bet at every opportunity, and the NBA is a great league to be selective in. The league offers hundreds of games, so be selective and only place a wager when confident. If you don’t like a bet, there will be many other opportunities around the corner for you to bet. 

Explore Markets

While it may be tempting to stick with the Moneyline, once you become more experienced, then it’s good to branch out and look at other markets, such as points spreads and props to fill your betting slip with.

Fade the Public

Sometimes, the public can be suckered into bad bets with basketball sportsbooks. Stick to your guns and trust what your instincts are saying, so you can improve your chances of maximizing your profits.

How to Bet on Basketball Games in Canada

If you’ve never placed an online sports bet before, we’ve created the following step-by-step tutorial just for you. In this example, we have chosen one of the best sportsbooks in Canada, Powbet, and will be showing you how to register an account, deposit funds, claim your bonus, and place your first sports bet.

Step 1: Register an Account

Visit the Powbet website and click on “Play Now”. Click on the appropriate bonus offer and click on “Next Step”.

Powbet registration

Step 2: Enter Your Details

Provide your personal information, including a valid mobile number and email address.

Complete the registration process to receive an automated email from the Powbet team. Click on the link found within the email to confirm your email address.

Powbet enter details

Step 3: Place a Deposit

Select your preferred payment method by clicking on the appropriate logo. For each banking option, you will need to match or exceed the minimum payment limit.

Enter the amount you wish to deposit and follow the on-screen instructions to complete your payment.

Powbet payment methods

Step 4: Start Betting

Once you have completed the above steps, you will be free to start betting. Head to the sportsbook lobby and pick the markets that appeal the most.

Powbet sportsbook lobby registration

Conclusion

Basketball betting can be hugely challenging, but it is so enjoyable in equal measure and the sportsbooks we have outlined in this guide will be very fulfilling, so we recommend you try playing at Powbet.

By joining this renowned site today, you’ll be able to claim a 100% match bonus worth up to $150. No promo code is required to activate this offer, but you will need to fulfill a 6x wagering requirement within 30 days.

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