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TonyBet Canada Review 2022

New to the Canadian betting 'grey market', based in Estonia, TonyBet only entered in a big way in 2021.  TonyBet made serious media buys across Canadian television and radio stations for their free to play TonyBet.net site, which is likely why you are looking to check up on them.  TonyBet was founded in 2011 by Antanas Guoga, a Lithuanian businessman and professional poker player. He built up the Lithuanian version of TonyBet to a significant level.  So much so that he was able to sell it to Betsson AB for an initial €4 million, (rising to €6 million) in 2016.  However, this Betsson AB version of TonyBet is not what players in Canada get to use.  Canadians get the Estonian operator that remains and serves an 'international' audience. Let's get into our TonyBet Canada review of this Estonian operator.

 

TonyBet Grade

• European sports & leagues take site focus, not Canadian favourites.

• Poor odds value on most popular sports for Canada.

• Limited CAD banking options compared to top operators.

• No license in Ontario.

 

Is TonyBet legit or a scam? Should you play at TonyBet from Canada?

No, we do not recommend TonyBet for our Canadian audience.  While they are 'legit' and not a 'scam' in that they are a betting site that should not just essentially steal your money like 1XBET might.  However, TonyBet offers very poor odds, they did not tailor their site to Canadian tastes at all despite their huge marketing spend here in Canada. In not tailoring their Canadian site version properly, you will note that their convenience links for leagues and sports look like they were positioned for a European audience, not a Canadian.  In other words, there are so many superior options to TonyBet for Canadian players.

 

Will TonyBet become a licensed Ontario betting site?

TonyBet has no interest in becoming one of several legal Ontario betting sites, or in applying to serve any other provincial jurisdiction should they develop their own market frameworks like Ontario. They will continue to operate from the 'grey market' jurisdiction of Estonia.

 

How are TonyBet Canada odds? Low, they're low where it matters most for Canadians

On what would be the most popular betting markets in Canada on the 'top four' leagues of the NFL, NBA, NHL and MLB, TonyBet offers margins around 7%, when most reasonably competitive sportsbooks are around 5%.  That means their sportsbook hold is 40% higher than the reputable brands for Canada.  Have a look for yourself, you will see odds that look like 1.87/1.87 or -115/-115.  Odds with competitive margins should be closer to 1.90/1.90 or -110/-110 or better.  When you have consistently low odds like this, you really need to win a lot more often in order to remain profitable.  There is almost no chance of that with these odds at TonyBet.

 

Does TonyBet offer CAD accounts & payment methods?

Yes. We will give TonyBet credit for this, they are not trying to make money off of Canadians through currency exchange fees by only offering USD and EUR accounts.  They offer Canadian Dollar account balances and CAD payment methods that include Interac e-transfers and EcoPayz.  While their list of available Canadian banking methods is not particularly broad compared to the top operators that we recommend, they do provide these two popular methods, along with Visa and Mastercard.  Though, given the fees and interest rates associated with credit card usage at any iGaming site from Canada, we would not recommend their use on an ongoing basis.

 

TonyBet Canada bonus offer

TonyBet offers a bonus for new customers up to $150.  However, they only offer 14 days to satisfy the wagering requirements of the bonus, which are five times the amount of your initial deposit.  In other words, the bonus offer may not be easily achievable for some bettors. Find more achievable Canadian sportsbook bonuses and a comparison of their important terms and conditions.

 

TonyBet Canada's other available iGaming types

Like just about every online sportsbook provider, TonyBet Canada looks to offer both online RNG casino games and live-dealer casino games.  However, as TonyBet is regulated in Estonia and has no interest in becoming a locally regulated iGaming operator within any Canadian province, all of their gaming revenues leave Canada, and no taxes or license fees remain for reinvestment into Canadian society.  This is one of the main reasons that interested Ontario players should be looking for licensed Ontario online casinos.  All the brands that we list there are fully legal operators that will pay their fair share back to the province though license fees and taxes, in addition to fulfilling their product testing and Responsible Gambling mandates.

 

TonyBet Canada esports betting

TonyBet Canada does cover esports.  Rather than cover it under the heading of 'Esports', they actually use the name of the given game in their A-Z navigation.  At the time of our review, we found reasonable coverage of current and soon-to-start CS:GO, LoL, DOTA2, Starcraft, Rocket League, and FIFA events at TonyBet.  Some events had only a handful of betting markets, while others had a reasonably good selection.  We did however note an absence of outright event winner markets - something that is offered at the best sites.  The biggest problem we had with TonyBet esports betting was not with their coverage, but their odds margins, which hover around the 9% to 10% region for most betting markets. Compare this to margins near 6% at most of our top Ontario esports betting sites.  The operators listed in the previous link will all be legal Ontario betting providers from early 2022 and they all offer exceedingly good esports betting experiences.

 

TonyBet Canada bottom line: stay away

Despite these significant and obviously negative points mentioned above, you will find plenty of positive "reviews" for TonyBet Canada from various affiliate marketers that couldn't care less about your experience.  Just see how many of them try to answer questions about: 'Is TonyBet a scam?' Since the review sites just want to refer you as a player for a fee, they all say: 'It's totally legit' or some similar non-sense. Don't bother with sportsbook review sites that are positive about each and every site about which they "pass judgment". Read our highly refined list & reviews of the absolute best Canadian betting sites, all of which have rock-solid reputations, support CAD accounts & payment methods like Interac among others.  

In our opinion, TonyBet is just another operator that is looking to profit from the Canadian 'grey market' for online gambling.  They have no intention of operating on a legal basis here once allowed to do so.  With poor odds and a site that appears to be meant for Europe, there are so many superior sports betting sites that you could choose, no matter where you live in Canada.

 

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