Stake Sportsbook Review

Stake is a hugely popular sportsbook you may have seen sponsoring major sporting events or being posted by celebrities like Drake.

In this Stake review, we’re going peel back the layers of one of the world’s most popular betting sites. We’ll break down exactly what the Stake sportsbook offers bettors, including their bonuses, betting features, sports coverage, and more.

Ultimately, we want to give you all the insight you need to determine whether the Stake Canada website is worth your time. Ready? Let’s dive on in.

This Stake review is intended to be honest and clear, so we’re going to give you both the pros and the cons of this operator. Below, we’ll take a look at the key strengths and weaknesses of the Stake sportsbook.

Stake Pros

• Fun Features: Stake stands out from a crowded field of operators by offering a huge variety of fun features. They have a great selection of ways to bet and experiences on the website, from live betting to live streaming.
• Massive Sports Coverage: The Stake sportsbook covers a massive selection of different sports and has an array of markets for each one. Whether you are interested in Esports betting or gambling on baseball, there are plenty of options on Stake.
• Attractive Website Design: The Stake website is highly appealing. They are one of the online operators with the best designs. They have a stylish aesthetic and an intuitive layout that gamblers should love.

 Stake Cons

• Only Cryptocurrency Transactions: Stake is one of the top sportsbooks for betting with crypto, but that is actually all they will take bets with. You can only deposit with cryptocurrency on the Stake sportsbook.
• Currently Unavailable in Ontario: Unfortunately, Stake is not one of the Ontario sportsbooks that is currently offered in Canada’s most populous province. However, it appears they are in the process of procuring a license and should be established in the near future.
• Minimal Welcome Bonus: One of the big downsides is that there does not appear to be a major Stake welcome bonus for new users of the sportsbook. While there are a huge number of other Stake promotions, the small welcome offer may be a downside for bettors.

While the Stake sportsbook has some defined flaws that might detract bettors, its evident strengths should also excite many gamblers.

Stake is a legal operator. They are licensed in Curacao and have earned a reputation as one of the more established, trustworthy global operators. That also addresses the question many have, of is Stake legit? They are deeply entrenched in the sports industry, with sponsorships of many massive leagues and events. 

Ultimately, you can trust the Stake sportsbook with your gambling experience. They are reliable, safe, and established. As an offshore betting site, they are one of the many operators existing in the Canadian grey market.

Is Stake Legal in Ontario?

Unfortunately for gamblers based in Ontario, Stake is not available in the province yet. Stake has not procured a license from the Ontario gaming authorities and does not allow users to sign up if they have an IP address based in the province. However, Stake does appear to have a license incoming, with their website claiming they will have an Ontario version available in 2024. Once they procure this license, it will be a major boon to Canadian bettors.

One of the primary downsides to Stake is that they lack a major welcome bonus. There is a small Stake welcome bonus of $7 on sign up, but this is roughly 1/20th of what the typical welcome offer will tend to be. No major Stake sign up bonus is something that many bettors will be a little put off by, but there are plenty of other Stake bonus options available that more than compensate for this oversight.

For those unfamiliar, allow us to quickly explain what a welcome bonus is. This is an offer users get for registering with a website and depositing. Typically, it will come in the form of a matched deposit, so the sportsbook will match the first deposit bettors put in up to a certain amount. 

However, note that most sportsbooks have pretty restrictive terms and conditions on their welcome offers, so gamblers often walk away with a lot less than they think they will. That won’t be a problem here, given that the Stake sportsbook doesn't offer this promotion. But note that there are terms to be aware of for all stake bonus offers.

The different features that a sportsbook provides play a pivotal role in defining the user experience. Having fun features ensures there are a lot of unique ways for gamblers to enjoy the website. For bettors who want to take full advantage of all the Stake sportsbook offers, there are plenty of exciting features. 

Let's look at some of the top features that Stake offers its users. 

Live Betting

Live betting is a major part of the Stake experience. They have a huge live betting page that allows users to see every sporting event that is currently going on, and place bets on it.

Live Streaming

Stake is one of a few operators that has comprehensive live streaming features. Their live streaming features allow bettors to watch an array of different sports directly from the website while they are wagering on them.

Crypto Transactions

Stake is a modern, innovative website, and they have managed to make crypto a central part of their experience. Stake accepts crypto transactions, which allow users to make lightning-fast deposits and withdrawals.

Player Props

Stake has excellent sports coverage, and this is evident in their player prop feature. This is a market not every website has. It allows gamblers to place bets on individual player outcomes rather than teamwide outcomes.

The Stake sportsbook is massive, and that is likely what will attract users to this website. They have extensive coverage of all the primary sports and leagues bettors typically seek out, as well as coverage of leagues that many bettors have never even heard of.

The Stake betting odds are top-notch as well, with highly competitive odds that are comparable to the best in the industry. Users will find that whether they love niche sports or highly popular ones, Stake’s coverage is excellent, with dozens of sports and hundreds of leagues available.

Below, let’s look at some of the most popular sports on the Stake sportsbook.

• Baseball - Baseball is a beloved pastime across North America, and Stake has top-notch coverage of the top baseball leagues, particularly the MLB.
• Basketball - If you love NBA betting, Stake is the place to be. They have a huge selection of odds on NBA games and markets, as well as coverage of other global leagues.
• Hockey - For bettors who love hockey, Stake is a top-notch operator. They have a range of NHL betting markets, with expansive coverage of Canada’s top sport, as well as global coverage.
• Soccer - If a website wants to offer soccer betting, they need to have a worldwide selection of odds. Stake certainly lives up to this idea, with betting options on leagues spanning the globe.
• Football - In the United States, NFL betting is pretty much a religion. Stake is well aware of this fact and offers plenty of coverage of the sport, as well as CFL and NCAA markets.

While the sports coverage is critical, it is only one consideration. Also important are the betting markets and types of bets that a betting site offers. 

Betting markets and types of bets are the outcomes bettors can wager on, and the different methods of gambling a sportsbook provides. Let’s look at some of the different markets and types of bets on Stake.

• Moneyline: Moneyline betting is wagering on the final outcome of the game. If you pick a team on the Moneyline, you've picked them to win.
• Points Spread: Points spread betting is wagering on the final score differential of a game. Bettors can pick for or against the spread, meaning the favoured team will either exceed or not exceed the differential.
• Over/Under: Over/IUnder betting is wagering on the total amount of runs/goals/points in a game by both teams combined. Bettors can pick the over, meaning the teams exceed the line or the under.
• Futures: Futures are long-term bets in a league, like which team will win a championship or which player will be MVP.
• Props: Props are outcomes within a game that gamblers can wager on that don't necessarily impact the final score. On Stake, there are game props for teams and player props for individuals.

Types of Bets Available

• Parlays: Parlay betting is when gamblers combine multiple bets into one. Each leg of the parlay needs to hit for the bet to cash.
• Live Betting: Live betting is when bettors wager on sporting events that are already underway. The odds update and change according to what is happening in the game.

For many sports bettors, a pivotal part of gambling is the mobile experience. That is why many operators provide betting apps to their users that allow them to wager from their phone. Unfortunately, there is no Stake app. 

However, there is a mobile Stake website that is a more-than-adequate replacement. The Stake mobile website perfectly alters the Stake experience to condense it to a smartphone device. It can be accessed through smartphone browsers on iOS or Android devices.

The Stake mobile website provides all the same features and betting offers as the desktop version does.

The sportsbook isn’t everything that Stake offers. There is also a large Stake casino that is one of the primary draws of this website. It is an expansive online casino that features a range of fun ways for gamblers to bet real money on digital casino games.

The Stake Casino includes table games like poker and blackjack, but they also offer a great variety of slot games. Their games come from some of the premier providers in the industry, including Play’n Go, Evolution, Pragmatic Play, and much more.

Stake also has a live casino where gamblers can wager against other gamblers. It all makes for a thrilling online betting experience.

Before gamblers can wager on games and enjoy all that the Stake experience offers, they’ll first need to open an account. The registration process is something bettors will have to navigate on every sportsbook, and with Stake, it is easy and fast.

Stake has a registration process that shouldn’t take gamblers more than a few minutes. Their registration portal is highly intuitive, although they do require some personal information. This is par for the course with betting sites, and Stake can be trusted with user info.

Below is a quick step-by-step guide to opening an account with Stake.

Steps to open an account on Stake:

• Step One: Click on the blue Register tab

• Step Two: Input your personal information, including your email, user name, and age.

• Step Three: Accept the Terms and Conditions and click Play Now, and you are good to begin. 

Once you've opened an account with Stake, you're going to need to deposit into that account to start betting. Hopefully, once you've won big, you'll be making some withdrawals. With Stake, the deposit and withdrawal process is smooth and efficient.

It is worth noting that Stake is a cryptocurrency betting website. Just about all of their transaction methods are for crypto. This has benefits, as transactions are incredibly fast for both deposits and withdrawals. But it also has drawbacks, primarily that bettors who don’t use crypto might be out of luck.

The transaction speeds and minimum and maximum deposit amounts depend on which transaction method you use. But regardless, Stake is a trustworthy sportsbook to bank with and their banking portal is easy-to-use and fast.

If you encounter some concerns with Stake, you'll want to be in touch with their customer support team. Stake is the world's biggest cryptocurrency website, and naturally, they have invested a lot in its growth. Part of that is having great customer support features, and they certainly do.

Stake has all the customer support options bettors could ever hope for. They have a Help Center and How to Guides that address most of the questions that one might have about the website. These are useful resources.

But if you want to contact staff, there are also options. They have a live support feature that pulls up a chat box where users can message support staff. They also have an email where gamblers can send messages requesting information or assistance. It all adds up to top-notch customer service.

Stake might not be the best-known operator in the country, so it only makes sense that users have some questions. Below, we’ll address some of the most frequently asked questions about Stake.

Overall, Stake is a hugely exciting operator that bettors seem to be flocking to. It is an appealing sportsbook with a great website design that draws users in. Stake is known for being an innovative website that primarily relies on crypto transactions and is chock-full of promotions and fun features. 

The Stake sportsbook is comprehensive, with great coverage of sports and leagues around the world. The sportsbook has not procured an Ontario license yet, which holds them back, but it appears they are on track to do so. But overall, this is an exciting website with standout features that make it one of the world's biggest and best operators.

• Features: Live Streaming, Crypto Betting, Player Props
• Sports covered: Baseball, Basketball, Football, Hockey, Soccer
• Apps: Mobile website
• Payment options: Visa, MasterCard, Cryptocurrency
• Contact information: Email and Live Chat