How to Bet
New to betting, or want to understand a bet type properly before you use it? These guides explain the core ideas in plain English, with worked examples in Canadian dollars. Start with reading odds, then move on to spreads, moneylines and parlays.
The guides, in reading order
📖How to Read Betting Odds in Ontario — American Odds Explained →
Ontario sportsbooks display American odds by default. Learn to read minus and plus prices, convert them to implied probability, calculate your payout, and compare the same line across books to find the best price.
Updated June 9, 2026
📖Point Spreads vs Moneylines — A Plain-English Guide for Ontario →
A plain-English guide for Ontario bettors on the two bets you meet first: the moneyline picks the winner outright, the point spread handicaps the favourite. We cover the puck line, the run line, NFL key numbers, and a worked $20 example.
Updated July 21, 2026
📖Parlay Betting Explained — How Parlays Work in Ontario →
A plain-English guide to parlay betting in Ontario: how parlay odds and payouts are calculated with a worked example, what a same-game parlay is, why correlation changes the price, and an honest look at the math behind long parlays.
Updated June 7, 2026
📖Same-Game Parlay Guide for Ontario — How SGPs Work and Price →
A plain-English guide to the same-game parlay (SGP) for Ontario bettors: how correlation moves the price, how to build one, why payouts vary so much between books, and an honest look at the long odds.
Updated July 17, 2026
Betting should stay entertainment. Set a deposit limit before you start, and if it stops being fun, free help is available through ConnexOntario (1-866-531-2600, 24/7). 19+ only.