Canada proposes legalising sports betting
The bill in question has been revived for yet another life, striving to make it possible for the Canadian gaming industry to get up to date with its international rivals. The United States poses a threat to its gaming revenue, as Canadian players often make their way south in order to wager on single sports events. Local players are also interested in placing their wagers on offshore betting sites giving them the freedom to wager freely. In an attempt to optimize the gaming activities within the borders of the country while also retaining players and their money, a new push towards single-events sports wagering has commenced. Waugh is seeking to see changes happening in relation to the existing Criminal Code, as the changes south are have already gained momentum. He pointed out that the discrepancy between the bets remaining in the country and the cash flow making it to offshore wagering sites is concerning and should be taken into account.
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The reasons behind the move have been different. Some lawmakers have cited safety and health concerns whereas others were more realistic to the falling revenues for the state, looking for alternative sources of funding instead. With the public purse shrinking and the federal government stepping in to offer relief funding, states have realized that the best way to alleviate the situation would be to find more money, hence where sports betting comes in. While the future of most sports betting competition was a big what-if for most of the first part of , sports betting leagues have been able to return. Meanwhile, the NBA and NHL have been able to restore their seasons, and we sports fans were excited to welcome the leagues back. They have since transitioned into the playoffs, shaving off a number of teams. In any event, the return of sports leagues has been a success, especially in the circumstances of a global pandemic.
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More importantly they represent the estimated chance of an event occurring. Treating odds as probabilities is the first big step into successful, profitable betting. But cast your mind back to some of the biggest upsets in world sport. Has a result ever shocked or surprised you? Has there ever been an outcome that you never thought was possible until it happened?
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