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Did you know that the sports betting industry is said to be the fastest-growing industry in the world? As more and more countries legalize sports betting, we are seeing the birth of countless bookmakers and sports betting apps monthly around the globe.
In 2021, Canada passed a historic bill that not only legalized single-event sports betting in the country and regulated private bookmakers and sportsbooks, garnering support from the masses. It has been a significant step toward the country’s economy and has given massive opportunities to the already driven sports enthusiasts.
Considering all these aspects, what do you think are the significant betting markets in Canada, and where does F1 betting stand? Want to know more? Let’s find out.
Popular Sports for Betting in Canada
The Canadians are highly fond of sports, whether it’s about watching the FIFA World Cup or NHL Stanley Cup. This is one of the reasons why the Canadian betting market is so versatile and offers plenty of opportunities for bettors and gamblers.
Some of the most popular sports to bet on in Canada include,
- Baseball
- Golf
- Football
- Hockey
- Tennis
- Soccer
Aside from all these, F1 betting in Canada is also gaining massive traction as the days go by. There is no doubt that Formula 1 offers thrill and excitement as no other sports do. It may not have been a trendy kid in the school a few years ago, but it’s finally getting the traction it deserves. Not to mention, more and more people are now interested in betting on F1 games.
F1 races have been famous around the globe. There is nothing new about that. But this sport has significantly grown in Canada’s betting industry over the last two years. That is mainly because most sportsbooks and betting apps now offer wagering on F1 races.
It is a relatively new market, so everyone is interested in testing their knowledge.
3 Reasons F1 Betting is Getting Popular
There are many reasons why F1 betting is gaining more traction and why more people are interested in gambling on these races. But the biggest reason behind this massive growth in popularity is that it is among the top 10 sports in the world. It attracts the most players globally, and drivers like Michael Schumacher and Lewis Hamilton have made history.
So, without further ado, let’s discuss why F1 betting is becoming popular in Canada.
1. Wide Range of Sportsbook and Betting Markets
One of the reasons F1 is getting so popular in the betting industry is possible because a wide range of sportsbooks and betting markets are available. You can choose from a wide range of betting options, such as,
- Who will win the race?
- Who will win the tournament?
- Who will end up at the podium?
Bettors can choose from a broader range of betting options and never have to restrict their wagering to a few markets. And countless others to choose from. This gives enormous opportunities to the bettors, and they never have to rely on a single betting market.
Similarly, hundreds of sportsbooks are available to choose from, all of which offer F1 betting lines. Bettors don’t have to restrict themselves to only a few sportsbooks when they can bet on multiple fronts, whoever offers them competitive odds.
This makes F1 betting all the more popular and one of the best sports to bet on in Canada.
2. Betting Makes the Games More Exciting
You already know that F1 races happen all too frequently. This means there are more opportunities to win, and bettors don’t have to sit back and wait an entire year to bet.
F1 races are exciting and enthralling. And once you add the thrill of betting to this sport, it becomes all the more enjoyable for sports enthusiasts. It adds to their already smoldering excitement and makes their favorite sport more fun.
There is no denying that most of the occasional bettors do it for fun and thrill. They don’t religiously spend money on sports betting because that bores them out of their minds. So, when they get to bet on F1 races which are already something most people look forward to, you can expect the wagering to go higher when it becomes even more accessible.
3. Make Profit of Your Knowledge
If you watch FIFA or ICC tournaments regularly, there is an excellent chance that you have become quite informed about these sports. And it can be any sport, for that matter.
When you bet on a sport, make a prediction, and win, you’re making money off of your knowledge of sports. It is always fun to test your honing skills, and the games get even better when you constantly work on increasing your knowledge.
With the advent of online sports betting, it has become more accessible for people to bet on their favorite sports without leaving their couch. The more you read, review, and watch these sports closely, the more informed you become. Thus, better chances of you winning.
People love testing their skills and making money off of their knowledge. This is another significant reason why F1 betting has become more popular. For those of you who watch F1 races regularly and know the patterns of players, it will be straightforward for them to wager on specific betting markets.
Final Thoughts
Various sportsbooks in Canada offer F1 betting. You just have to find what works for you and start wagering money as you see fit. So, these are some of the various reasons why F1 betting has become popular not only in Canada but around the globe.
Always choose regulated sportsbooks to ensure there is no inconvenience and you don’t get scammed. Do your research, and don’t forget to read reviews of these sportsbooks to understand the platform better.
We hope this article has been worth your time and attention. If there is anything else you’d like our readers to know, please leave us feedback below.