Ontario Sports Betting: Will Some Offshore Futures Bets Be Voided?

Written By Evan Scrimshaw on April 4, 2022
futures bets online Ontario sports betting

One of the unfortunate consequences for Ontario grey market bettors is that the switchover to the legal betting system might end up coming back to bite them – at least those with futures bets on events after April 4.

For any bettors with futures bets on events like the Presidents’ Cup, the Kentucky Derby, the Masters (and any of the golf major), the NHL or NBA playoffs, those futures might be at risk – based on how sites are handling the new Ontario regulations.

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Looking for loopholes

Some books have announced their plans ahead of legal online Onatario sports betting. Coolbet and Bet365 are looking at ways of still crediting winning futures, while Unibet has decided to void all bets pending after the 4th and return the money to customers. But plenty haven’t said how they’ll be handling this.

Whether this news is of good news to customers or not is up in the air. Holders of Montreal Canadiens futures bets will presumably be praying for the voiding of those tickets, but holders of Calgary Flames futures are going to be much less enthused if they lose those tickets.

This also represents an opportunity for the books themselves to make a good impression with their users, as those who treat their customers right will likely to be aided in their recruitment attempts for new users. With the bevy of options available to people now, using this as a chance to buy some good will would make sense.

Updates on books

Bet365

Relaunching an Ontario-only version of their website, customers will have their current balances transferred over, and if there is a winning future, they will be able to contact customer service to have the winnings transferred to the new account.

CoolBet

All bets will be voided and the stakes returned to the user accounts. That said, for users with NBA, NFL Draft, Masters, or NHL futures, CoolBet will credit any successful wagers with site credit if their future bet wins later. And, for those win total and point total bets that are likely to win, they’ll be graded by their likely outcome.

Unibet

All futures will be voided and the stakes returned to the customer.

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