Best MuchBetter Betting Sites in Canada
The MuchBetter platform was launched several years ago and is steadily gaining traction among Canadian sportsbooks. As mobile e-wallet payment system, it facilitates faster cashouts than most classic banking options (such as checks and credit cards), which explains its increasing usage rate among bettors. As mentioned in a previous article, MuchBetter is utilized at online casinos and can be used at sports betting sites too.
It’s also an affordable way to transfer funds between sportsbook accounts since no fees are involved. A few bookmakers offer special promotions to MuchBetter depositors, giving them free bets or other perks for using the payment service.
This mini-guide will assist you in figuring out whether MuchBetter is a suitable payment method for you at Canadian books. You’ll learn the pros and cons, how to deposit and withdraw, and everything else you need to know.
Recommended MuchBetter Sportsbooks
Betting sites in Canada are a dime of the dozen, and you can pick and choose from some of the best operators in the industry. But not all of them support MuchBetter, and not all of them are certainly worthwhile. Our research uncovered MuchBetter sportsbooks in Canada and pinpointed the best options.
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What Is MuchBetter?
MuchBetter is one of the latest entrants to the ever-growing selection of payment methods in iGaming, founded in 2017. This fairly new e-wallet is headquartered in London and is approved by Financial Conduct Authority — UK’s financial regulatory body.
The payment service is available worldwide, in nearly every major betting market, including Canada. The US is the only significant jurisdiction that MuchBetter does not currently serve.
MuchBetter racked up a few awards for its service in the industry, including the prestigious CNP Award for the best mobile operator of the year in 2021.
MuchBetter pushed the innovation envelope further than most other payment providers. The company’s flagship e-wallet offers users instant access to funds via a smartphone app with biometrics embedded for extra security. Furthermore, MuchBetter has developed a wearable payment program for third parties, allowing users to make payments via wristbands, rings, watches, fobs, and other accessories.
Why Choose MuchBetter?
We’ve already hinted at a few benefits of using MuchBetter. Let’s examine them further in the context of online sports betting:
- Cutting-edge security measures — MuchBetter uses a number of security protocols to ensure safe transactions. These include biometrics, device pairing, tokenization, and dynamic security codes.
- Partial anonymity — As an e-wallet, MuchBetter doesn’t disclose bank account information or credit card details upon facilitating transactions on betting sites, keeping your financial information hidden.
- Fast(er) cashouts — MuchBetter provides a faster processing speed on withdrawals than most other payment methods offered by CA sportsbooks. Only cryptocurrencies can match MuchBetter’s cashout transaction speed.
- Two-way payment gateway — Unlike Paysafe and other prepaid vouchers, MuchBetter can be used for both deposits and withdrawals at CA sportsbooks.
- Innovative approach — MuchBetter’s wearable payment system is unlike any other sportsbook banking option we’ve encountered.
- Ease of use — MuchBetter’s award-winning mobile app boasts exceptional user experience and is renowned for its simple sign-up process.
- Exclusive bonuses — Some CA sportsbooks offer promotions tailored around MuchBetter users that can come in the form of cash or free bets.
Are There Downsides to Using MuchBetter?
Even though MuchBetter is great, it is not without its drawbacks. Although the benefits far outweigh the downsides, we thought you should know all the facts before making a decision:
- No widespread adoption — MuchBetter isn’t prevalent in the CA sports betting market as PayPal, Skrill, or traditional payment methods like Interac or Visa/Mastercard. There are increasing numbers of MuchBetter sportsbooks, but they have not yet reached the level of availability of the above options.
- Not-as-flexible limits — MuchBetter is in the middle of the pack regarding deposit and withdrawal limits. High rollers are probably better off choosing bank wire or credit/debit cards than MuchBetter.
How to Set up a MuchBetter Account
You must first register with MuchBetter before you can top up your sportsbook account. Follow these steps to get started:
- Go to MuchBetter official website and download the app.
- After installing the app, open it and tap the Sign Up button.
- Type in your cell number.
- MuchBetter will send you a 4-digit PIN.
- Once you provide the verification form, follow the registration prompts and enter your details (full name, address, birthday).
- That’s it — you’re all set!
The next step is to add funds to your MuchBetter wallet. You can do this via several payment methods, including cryptocurrencies, Interac, Giropay, bank transfer, credit card, and CashtoCode.
When your MuchBetter wallet is topped up, you can use it to deposit at a Canadian sportsbook.
How to Deposit at a Sportsbook Using MuchBetter
Here’s how you can add funds to your sportsbook account using MuchBetter (screenshots below are an example from Mr Green.):
- Choose a MuchBetter sportsbook (you’ll find a few suggestions on this page).
- Sign up for an account at your chosen betting site.
- Go to your account menu and select Deposit.
- From the list of payment methods, choose MuchBetter.
- Type in the desired amount and the mobile number connected to your MuchBetter wallet.
- You’ll be redirected to your MuchBetter account. Confirm the transaction from your mobile.
- The deposit should be processed almost instantly.
Can I Cash Out Using MuchBetter?
Most sportsbooks offer MuchBetter as a withdrawal option, but that’s not always the case. Here’s how you can withdraw your winnings if they do:
- Log into your betting account.
- Select MuchBetter.
- Enter the amount you want to cash out.
- Type in the phone number associated with your MuchBetter app.
- The funds should reach your MuchBetter account within 48 hours of confirming the transaction.
MuchBetter Fees and Limits
Online sportsbooks don’t typically charge fees for processing MuchBetter deposits and withdrawals. However, some charges may incur when you add funds to your MuchBetter e-wallet account, for example:
- Bitcoin: 2%
- Visa/Mastercard 0–5%
- Bank withdrawal fees: 2–2.5%
As for transaction limits, these vary widely depending on the sportsbook. MuchBetter deposits typically start at $10 and go up to $10,000 per transaction.
Is MuchBetter a safe option to use in Canadian sportsbooks?
MuchBetter is safer than most other payment methods offered in CA betting sites. The system utilizes cutting-edge security measures like biometric logins, dynamic security codes, device pairing, and transaction review mechanisms. Additionally, sportsbooks use SSL encryption to protect your sensitive information.
Is MuchBetter legal in Canada?
Yes, Canada is one of the many jurisdictions worldwide served by MuchBetter. The system accepts CAD, so you won’t have to pay conversion fees.
Are there any bonuses for using MuchBetter?
Yes, a few sportsbooks offer small bonuses for MuchBetter depositors, incentivizing their patrons to use the service.