In this guide, we’ll help you to boost your betting with the help of top bookmakers and their major advantages. When it comes to bonuses, sports betting, and sports markets, South American betting sites have it all covered for their players. These countries have taken the lead in this regard; Brazil, Argentina, Colombia, Chile, and Peru are some of the South American countries that have been updating their gambling laws frequently to protect the bettors. If you are keen on knowing the latest on the legal sports betting regime and betting sites in South America countries below, then this guide will be of use to you.
Brazil: reported that the feds will issue federal sports betting licenses in 2024.
Argentina: based on a system of regional regulation.
Colombia: was introduced to online gambling through the 2016 eGaming Act.
Chile: enhancing the rules through the new online gambling laws.
Peru: The most recent one regulates online gambling; it has placed heavy taxes on the operators.
Understanding South American Sports Gambling Laws
The online betting is currently developing at a high rate in South America due to the high level of passion concerning sports and the general improvement in internet penetration. South American countries have observed this trend and therefore; several countries are in the process of changing their laws to permit and ensure they benefit from it. However, every country has its own rules and has specific regulating bodies to control the industry.
Brazil: A Complex Landscape
Current Legal Framework
Brazil laws regarding gambling are not quite as straightforward as one might think. However, it is allowed to bet on some games, for instance, poker is considered a game of skill and some types of bingo. Fixed-odds sports betting was authorized by the Law No. 13,756/2018, Setting particular rules, the Ministry of Economy was granted up to four years to complete.
Regulatory Agencies
The Ministry of Economy and the National Coordinator Commission of Horse Breeding govern the betting activity. This year, Provisional Measure 1,182/2023 was put forward with the objective of regulating the activities related to sports betting, including the opening of the market for foreign operators, taxation, and measures to combat problem gambling. These rules are expected to have a major effect on the market once implemented in their entirety.
Argentina: Decentralized Yet Promising
Legal Landscape
The Argentine gambling legislation is also quite a decentralized one, with the authority of the individual provinces being the key determiner of the legal specifics. As for Buenos Aires, there are several bodies regulating various facets of gambling; however, other areas have unique regulations.
Regulatory Bodies and Latest Updates
The principal regulating body is Asociación de Loterías, Quinielas y Casinos (ALEA). The Argentine capital, Buenos Aires, and other provinces have gradually opened the licensing of online gaming in the last few years. Online gambling is still on the rising especially in Buenos Aires and Córdoba provinces.
Colombia: Latin America, A Model
Gambling Laws and Regulations
The gambling in Colombia is regulated by Law 643 of the Colombian Gambling Act meaning that the gambling industry is state monopolized. Coljuegos and the National Council of Games of Luck and Chance (CNJSA) regulate the sector at the country and department levels respectively.
Recent Developments
Coljuegos has recently released a resolution to assist small companies in the legalisation of the electronic slot machines. The country has provided good and efficient standards that has made the entry of foreign operators in the market easy. The Responsible Gambling regulation has been shifted to March 2024, which suggests an emphasis on the effective regulation systems.
Chile: Tightening the Reins
Current Framework
Gambling is well regulated in Chile as up to 1990 it only accepted bets on horse racing. Beginning of the legal sports betting was witnessed in the year 2008.
New Reforms and Related Legal
The Chamber of Deputies of Chile in 2023 proposed several new articles to enhance the law against the prohibited online gambling operations. The Superintendency of Gaming Casinos (SCJ) will obtain new competencies to regulate the sector. The National Responsible Online Betting Policy is to encourage responsible gambling and control advertising by the operators.
Peru: Leading by Example
Legal Framework
Peru has made a great effort to control the online gambling through Law No. 31557 of 2022 and the recent Supreme Decree No. 005-2023-MINCETUR. The management of the industry is under the Ministry of Foreign Trade and Tourism (MINCETUR).
New Regulations and Their Effects
The Peruvian government has laid down certain rules concerning online gambling that include the fact that the operators are supposed to obtain a license and pay a 12% tax on net income. This Supreme Decree offers a mechanism for licensing and contains guidelines for appropriate gambling and advertising.
Popular Betting Sites in South America
It is a fact that majority of people like to gamble especially on sports in South America. It could be for watching World Cup matches or your local soccer team. Yes, there are some trusted betting sites for South Americans.
Some popular sites are:
The Melbet betting sites in South America
Melbet offers various sports markets; these include football, basketball, tennis, and cricket among others. They offer competitive odds. Melbet accepts US dollars, euros, Brazilian reals and many more.
Dafabet has betting sites in South America as well.
Dafabet is mostly associated with the Asian handicap betting but this bookmaker also covers soccer, horse racing, mixed martial arts and other sports. They have good odds and great price every day. Dafabet accepts US dollars, Great Britain pounds and Euros.
22Bet does a good job of explaing betting markets and odds. They accept US dollars, Euros, Argentine Pesos, Brazilian Reals, Chilean Pesos, Mexican Pesos and many other currencies. This makes it easy for South Americans to deposit without the hassle of having to pay fees for currency conversion. 22Bet has many sports with flexible payment for the region.
Understand the following terms when it comes to betting sites in South America.
1Xbet is one of the most widely recognized betting websites. It has numerous sports bets. You can bet on football, basket ball, tennis and many other games. 1Xbet has good odds. This means you can win more money this is because the machine will tend to pay out more in the beginning. If you wish to bet online and earn money in your country’s currency, then 1Xbet is the place to go. It is reliable and very simple to use!
While selecting a betting site, one should consider the bonus options. Freebies are always welcome; everyone likes to get something for free, don’t they?
Some sites in South America offer duble deposit bonuses. Here are a few:
Betandyou in South America
Betandyou offers its new players up to $30 free bet bonus. Posit $120 to get it. They also have daily and weekly promotions such as; free bets, enhanced odds and cash back.
20Bet offers a good welcome package of 120% up to $120 and 120 FS for each of the casino games. Their sportsbook also has some sweeteners such as bonus boosts, cash back on losses, and free bet refunds.
Megapari offers its users what is called the Free Bet Club where users are given up to 15% of free bets every week by placing set bets on any sports event. They also provide “Combo Boost” where one is able to increase on winnings on multi bets.
Thus, if you are looking for a new betting site with nice bonuses, than use the ones listed.
Top Bet Apps to Betting Sites in South America
There are many good betting apps for bettors South America because the region is considered as a hot bed for betting. Here are some of the best:
Betwinner betting sites in the South America region.
Betwinner
Is among the most popular mobile bookmaker in the region of South America. The interface is rather intuitive, with the main page for selecting sports and casino games available in the app. The games that you can place your bet on are football, basketball, tennis, cricket, and many others. It also has a live stream and live statistics to assist you in placing your bets since it is a mobile app. You can also make use of the banking options such as Visa/Mastercard or e-wallets such as Neteller or Skrill.
With Betmaster around, it is quite easy to bet on the go. Their app is compatible with phones and tablets. It is quite easy to use. One can place a bet on soccer in either Brazil or Argentina. You can also gamble playing casino games. The games are provided by such giants as Microgaming. You will be able to play such classic games as blackjack and roulette there. You will also be able to enjoy the fun video slots with interesting themes.
A large number of fans prefer to bet through the 188Bet application. It is very much popular in South America. The sports that you can place your bet on include football, basketball, and tennis among others. Sports can also be viewed live on the app for instance during a sporting event.
The South American betting sites provide several bet types to the customers. Some popular options are:
Single bets
Single bets are types of bets that are placed on a single event for example on a team to win a particular match. If your pick triumphs, you are then paid a certain amount of money depending on the probability.
Multiple bets
Accumulators are also known as multiple bets where you can place your bet on several events. The payout is calculated based on the collective probability and one is only paid out if all the chosen options are correct.
System bets
System bets are made when several picks are grouped into different combinations. You are paid when any of the combinations comes out, depending on the probability stated.
Specialty bets
Some сomparisons allow to make bets on specific events, for example, political, or entertainment-related. These particular bets are not very frequent.
Payment Methods in Betting Sites in South America
Payment methods on betting sites in South America are quite diverse. All the sites presented in the given list provide the users with the possibilities listed below, so it is recommended to choose one of them. Ensure that the payment method that you are going to use is secure and fast.
Here, the most popular are those which are named as payment methods or the ways of its realization:
Credit Cards
Credit Cards: Majority of the sites accept Visa and MasterCard credit/debit cards. These cards enable you to make payment without much effort and in a fast manner. However, some sites do not accept bonuses and thus it is always advisable to confirm from the site you are about to join.
E-Wallets
E-Wallets: PayPal, Skrill and Neteller e-wallets are accepted in most of the websites. It does not reveal your bank details, it also allows you to transfer money within a short time. E-wallets do come with some fees that are charged, although they quicken the process.
Cryptocurrency
Cryptocurrency: Others are Bitcoin = Ethereum , and others are also becoming popular. Crypto ensures that you do not have to reveal your identity while using it and the fees are as well minimal.
Bank transfers
Bank transfers: allowed one to withdraw cash in a secure manner. They do not take or charge you fees. But they can take a few days to get your money. Saving will be hard especially if you require the money in your pocket at that particular period of time.
It is important to consider your options and select the way to transfer your money that suits you the most. Analyzing all the presented possibilities, one can make bets without any difficulty and his or her money will be secure.
Guidelines for Betting Sites in South America
If you wish to bet on sporting activities in South America, then there of some facts to consider. Here are guidelines in betting sites in South America:
First of all, check if the site is real and if you can rely on it. It is therefore important to be wary of various scams and for that reason, one should always asses the sites before using them.
Look for a site that has favorable odds in a game. Bookmakers could attempt to con you when the odds are low, so it is advisable to compare and contract the various bookmakers.
Search for the site that has bonuses and offers. This can help you have more money toward savings and to get over debts.
RehumanizeRead the fine print before you bet your money. This includes the rules and any roll over needs. This shall help in avoiding emergence of other issues in the future.
Safety and Security of Betting Sites in South America
Regarding online betting in South America, some websites are helpful, while others are not. To this end, there are many other respectable bookmakers who abide with the rules. But there are, of course, also less reputable ones which aim at swindling people.
How can one distinguish a safe and secure bookie from the others? Look for these things:
Ensure the bookie has a licence from a reputable body for this. This implies that they must adhere to certain guidelines to protect the consumers.
Determin if the website is secure by checking if the website link contains an S in the HTTP. This protects your information when you are using the site.
Look for the feedbacks of other people on how it was for them to bet with the bookie. If there are many negative reviews then it is advisable to not to go for it.
Thus, by following these tips, you can bet in South America with a secure bookmaker.
Conclusion
In South America there are many betting sites with their advantages and disadvantages. For this reason, it is wise to know what each site has to offer to be in a position to select the most appropriate one. Sports betting in South America is rather diverse, as each country has its own legislation that regulates this sphere. That is why it is extremely important to be in the know to stay safe when betting. Further information, other sources of information or contacting the local regulating authorities may provide more information. Bet responsibly!
Query on Betting Sites in South America
Q: Can I place bets via a mobile device?
A: Yes, almost all the betting sites do have the mobile website as well as the app. A user is allowed to make a bet, deposit, and withdraw his or her funds from the bookmaker via a smartphone or tablet.
Q: Can a sports bet place be used here?
A: A good sports bet site is usually licensed. It also has safe ways of payment. The first thing that you should look for is the “HTTPS” at the beginning of the web address. This can only mean one thing, it is safe. Go through the guidelines to keeping information confidential.
Q: What modes of payment are allowed?
A: Some of the common methods include; Visa and MasterCard credit/debit cards, e-wallets such as PayPal or Neteller, cryptocurrencies such as Bitcoin, and bank transfer.
Q: Is sport betting permitted in South America?
A: Regulations concerning the sport betting sites in South America are not the same in all countries. Some countries have put in place laws that allow and regulate for online betting. Othersited it or even banned it.
Q: How reliable is the gambling site in the area?
A: Make sure the site has a license from regulator of the country or any other recognized authority. Checkout user reviews and the rating they gave. Ensure that the site has a good security feature of using the SSL encryption.
Q: Are there any bonuses or promotions offered?
A: Of course, today it is possible to meet such offers at many sites for attracting new customers and maintaining the current ones. Some of the bonuses may be in form or free bets, matched deposit or even loyalty rewards.
Q: What are the guidelines for responsible betting?
A: Establish boundaries on the amount of money and time that is to be spent on the act of betting. Don’t chase losses. If you have a problem to control your betting, then it would be better to consult someone to help you.
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