Sportsbooks are immensely popular, and the Stake betting feature is proving to be one of the best options you can opt for. The site offers a vast range of cryptocurrency solutions that can handle all of your transactions, which is a huge asset given the ever-growing popularity of these payment methods.
In this Stake sports betting review, I will walk you through how to bet with Stake, as well as some key Stake betting tips that will help you along the way!
How to Start Betting on Stake.com
Before you use the Stake sports betting app, you must create your very own account. It’s a simple process that can be completed in three steps once you click on the register button at the top right corner of the screen. The form asks for the following:
- Your preferred language.
- Your email, username, password and date of birth.
- Agree to the terms and conditions.
That completes your registration process, although you could alternatively sign up by connecting your Facebook, Google, Line or Twitch accounts. Stake betting is available across a broad range of countries, including Canada, however, it is not accessible to players in Ontario.
You can use a wide variety of cryptocurrency solutions to handle all of your transactions, including some of the most popular options out there, such as Bitcoin, Ethereum and Litecoin.
How to Use Stake for Sports Betting in Canada
Sportsbooks tend to be pretty confusing with all their available options, and this can be a difficult hurdle for new players. But I found the Stake betting interface immensely easy to access and follow. The page lets you filter your lobby based on the sports you’re interested in or any live events that are happening right now.
Once you pick the sporting event you’re interested in, you can access all the different associated Stake sports betting markets. These will vary from one event to another, but the site lets you set popular bets like moneyline, spread and over/under.
You can also place bets on live bets on sporting events that are running in real-time. Simply click on the event you’re interested in and follow the action through a live scoreboard or live stream.
Sports Offered at Stake Betting
You’ll find a great selection of diverse betting markets available at the Stake.com sportsbook, delving into several popular sporting events. Including the NBA, UFC and Barclays Premier League. Additionally, you get access to prominent esports games and leagues, adding even more variety to your options.
Of course, if you’re into more niche betting markets, the site has you covered too. I was quite impressed by the less popular betting options on offer here too, including alpine skiing, biathlon and even Gaelic football.
These markets are also available with in-play betting, which lets you place bets on sporting events while they are happening. This is where odds movement comes in, updating odds in real-time to reflect the current likelihood of different outcomes.
Stake Betting Odds & Payouts in Canada
There are different odd types, which are used to describe your chances of success, including decimal, fraction and American odds.
- Decimal Odds – These odds calculate the total payout by multiplying the stake by the odds. So, a $10 bet at odds of 1.50 would return $15 ($10 stake + $5 profit).
- Fractional Odds – These odds are expressed as fractions, such as 2/1. So, a $10 bet at 2/1 yields $20 profit plus the original $10 stake, giving you a total of $30.
- American Odds – These odds use positive or negative numbers to show how much you’d win on a $100 bet or how much you need to bet to win $100. So, +150 means a $100 bet wins $150, while -150 means you must bet $150 to win $100.
Odds are calculated by sportsbooks based on the likelihood of an outcome, using algorithms that consider historical data, current form, and other factors. Bookmakers will then adjust these odds to ensure a profit margin.
When comparing Stake.com odds with traditional sportsbooks, Stake.com often gives you more competitive odds because of its lower margins, which in turn maximizes potential returns. Additionally, Stake.com has real-time updates, making sure you always have the latest odds.
Stake Betting Bonuses & Promotions
Upon signing up to Stake.com, you get offered the site’s welcome bonus, which gives you a 5% rakeback on all your wagers for a week. This means that you get 5% back on all of the bets you place within that period.
The site is known to offer additional promotional offers for existing users, and these change on a weekly or monthly basis. You also get event-based promotions set around popular sporting leagues, giving you double winnings, first-half payouts, first goal wins and more.
In some cases, you will need to enter a Stake bonus code to access the promotional offer in question, and these codes are generally sent to your email address. You can also access the Stake’s VIP program, unlocking daily, weekly and monthly bonuses, as well as rakeback offers and tailored bonuses.
Stake Betting Tips & Strategy
Although you ultimately cannot control the outcome of any sporting event, there are still several tips that will help you get started with Stake betting.
- Understand the Odds – Before placing any bets, familiarize yourself with the different types of odds and how they work, helping you to make informed decisions.
- Start Small – Begin with smaller bets to get a feel for the platform and the Stake sports betting process, minimizing the risks while you learn the ropes.
- Promotional Offers – Use the site’s welcome bonus and other promotional offers to maximize your potential returns and minimize risk.
If you opt for cryptocurrency solutions
Be sure to manage your bankroll effectively by following these strategies.
- Set a Budget – Decide on the amount of money you are willing to risk and stick to it.
- Bet a Consistent Percentage – Allocate a fixed percentage of your bankroll for each bet, typically between 1% and 5%.
- Reevaluate Regularly – Periodically assess your bankroll and adjust your betting percentages accordingly.
Latest Betting Updates
You should also keep informed with the latest betting updates, making sure you get the best possible odds from Stake.com.
- Monitor Odds – Keep an eye on how odds fluctuate for different events, as these may indicate shifts in public sentiment or insider information.
- Follow Expert Predictions – Expert analyses and predictions can provide insights which can provide valuable information on which teams or players are favoured.
- Use Analytics Tools – Use available data and analytics tools to track performance metrics and identify patterns for more informed bets.
Join Online Media Platforms
You can also join online platforms like Discord and Telegram to join the dialogue and get a better feel from other bettors.
- Join Relevant Channels – Look for channels dedicated to Stake.com or sports betting, as these communities often share valuable tips, strategies, and updates.
- Engage with Experienced Bettors – Interact with seasoned bettors to learn from their experiences and gain insights into betting strategies.
- Stay Updated – Being part of an active community keeps you informed on the latest news, promotions, and trends related to Stake.com.
Is Stake Betting Legal?
The legality of the Stake betting sportsbook varies by country. In some jurisdictions, like Ireland, Stake.com is fully regulated and licensed, but Stake betting Canada, while legal in most provinces, is not allowed to operate in Ontario.
The sportsbook operates under a license issued by the Curacao Gaming Authority, which allows it to provide online gambling services globally. This licensing ensures that Stake.com sticks to specific standards related to fairness, security, and responsible gambling.
The Stake sports betting app has several responsible gambling tools and resources, such as deposit limits, self-exclusion options, and access to support services for those experiencing gambling-related issues.
Stake vs Other Crypto Sportsbooks
You’ll find several other crypto sportsbooks out there, and they offer differing pros and cons when compared to the Stake app.
Cloudbet is known for its high betting limits and quick payouts, as well as a wide array of betting markets and robust security measures. However, Stake.com offers a more user-friendly interface and a broader range of responsible gambling tools.
BC.Game gives you a diverse selection of games and betting options, with an emphasis on community engagement and social features. But on the other hand, Stake.com stands out with superior customer support and more advanced security protocols.
Sportsbet.io has very competitive odds and innovative features such as live streaming and in-play betting. Stake.com competes by maintaining a balance between competitive odds and a better selection of promotional offers.
| Feature | Stake.com | Cloudbet | BC.Game | Sportsbet.io |
|---|---|---|---|---|
| User Interface | Intuitive and user-friendly | Detailed but complex | Interactive and social | Sleek and modern |
| Betting Limits | Moderate | High | Moderate | Moderate |
| Customer Support | All Round Support | Limited Hours | Community-driven support | Excellent responsiveness |
| Security | High | High | Moderate | High |
| Responsible Gambling Tools | High | Limited | Moderate | Good |
| Promotions | High | Moderate | Moderate | Limited |
Do I recommend Stake Betting in Canada?
Stake offers a very comprehensive selection of betting markets, encapsulated in a user-friendly interface, which makes it easier to navigate and place bets. I also found it to be immensely well integrated with cryptocurrency solutions, creating a more streamlined experience for those of you who want to opt for these payment methods.
If you’re looking for an advanced, friendly and safe crypto sportsbook, Stake can be the right choice for you, and if you are also looking for a good casino experience, check out the Stake Casino review I created to find the best information.
Frequently Asked Questions about Stake Sports Betting
Which sports are available for betting on Stake?
Soccer, basketball and hockey are just some of the many sports available for betting at Stake.com.
Is there a signup bonus for sports betting on Stake?
Yes, you get a 5% rakeback bonus on sports and casino when you sign up for Stake.com.
Is Ethereum and other crypto supported for sports betting on Stake?
Yes, Ethereum, Bitcoin, Litecoin and other cryptocurrencies are supported for sports betting on Stake.
How does Stake compare to regular online sportsbooks?
Stake has lower margins when compared to other sportsbooks and also offers better live odds than some of its competitors.
How competitive are the betting odds at Stake?
The betting odds at Stake are very competitive and in line with the leading sportsbooks around the world.
Is it secure to place bets with cryptocurrency on Stake?
Yes, it’s very safe to place bets with cryptocurrency on Stake, as these methods have high standards of privacy and security.
Is it possible to bet on Stake using a VPN?
Yes, you can use a VPN when betting at Stake.com, although you should always do this within the limits of the law.
