by J. Phillip Vogel
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Canbet at www.canbetsportsbook.com is an Australian-based sportsbook that has provided quality online and telephone wagering on American and international sporting events since 1996. Licensed and regulated (in the true sense of the word) by the Australian government and backed in part by Sky City Limited, a large land-based casino group, Canbet offers bettors an unparalleled combination of wagering selection and transaction security.
Canbet is publicly traded and is Australia's 348th largest company (6th in terms of revenue growth thanks in part to, as Canbet puts it, "the exodus of sports bettors away from financially unstable offshore books").
Australia is one of the most highly regulated countries for Internet gambling. There, government regulations require safeguards for the protection of the bettors. These safeguards state that, "Bookmakers are required to keep punters' (bettors) monies separate from their own in a segregated trust account; all bets are to be recorded by the government regulator; and those records are available if the officials need to arbitrate on a dispute." With these safeguards in place, online bettors have a higher level of security than found with other books.
While the site itself holds to a minimalist design offering little in terms of "glitter," Canbet nonetheless offers something even more important: an impressive array of wagering opportunities. Included in their repertoire are: NFL, college football, arena football, CFL, NBA, college basketball, WNBA, MLB, NHL, golf, tennis, auto racing (including Formula One), boxing, extensive worldwide soccer, and cricket. Canbet's available bet types are equally as extensive and include: sides, totals, parlays (including cross-sport), teasers, round robins, money lines, halves on all NFL and NBA and selected other games, quarters on NFL televised games and playoffs, and NBA playoffs, futures, and props.
In terms of bonuses and bettor incentives, Canbet appears to be lacking at first glance. They rarely offer sign-up bonuses (see limited time FREE $50 offer); have no re-load bonus, no referral bonus, no rebates on losses, and no comp programs. What they do have, though, is a perpetually reduced vigorish on straight bets and parlays. Specifically, all NFL, college football, NBA, and college basketball sides and totals, and baseball totals are booked at 107 rather than the industry standard of -110. This "built in" bonus can wind up being much better in the long run than any of the typical 10% returns that most sportsbooks offer. Add to this a customer support team that in all likelihood is the friendliest and most helpful in the industry, and it's easy to understand why Canbet has such a good reputation.
With first world government regulation, strong financial backing, and arguably the best vigorish, Canbet is truly in a class of its own and may just be the model of what an Internet sportsbook should be.
See Canbet Website
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