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Staking money on the outcome of sporting events is a preferred pastime for millions of people. As statistics released in recent years indicate, sports betting yields between 30% and 40% of the global gambling industry’s overall revenue.
Thanks to the rapidly developing technologies, punters are now able to wager on their favorite sports from the comfort of their surroundings. In fact, online sports betting is the most rapidly growing segment of this industry on a global scale. If you are wondering why online sports betting has become so popular and where is the perfect place to make wagers online, you should keep on reading the information the professionals of SuperBettingSites are providing.
There are numerous reasons why you can have a great time betting online and the primal one is that wagering makes watching your favorite sporting events all the more exciting. Nothing quite compares with the feeling of making a correct prediction on the outcome of an important match. Also, online sportsbooks are known to offer a greater diversity of markets punters can bet on as well as more competitive odds. At SuperBettingSites, you can find more information about the different types of odds formats, the types of bets you might enjoy and the websites that offer the best odds online.
What also helps the popularity of this industry is its straightforwardness. All it takes is staking some of your money on the outcome you believe is correct and if you guess, you are paid out according to the odds the bookmaker has laid out for this result. Of course, things tend to get a bit more complex if your intentions are to become a consistent winner and this is where SuperBettingSites comes in. But even if you only fancy a quick punt or two but have no idea where to start, reading the articles on SuperBettingSites may be the right thing to do.
We provide you with extensive information on everything you need to know about becoming a better punter, from basic explanations of what sports betting is all about and how odds work through legality matters, popular markets, reviews, and ratings of the best sportsbooks on the web. You can go through this homepage for concise information on sports betting or use the available links to skip to more specific topics.
Online Sports Betting Regulations by Country
Sports betting may be a favorite pastime of millions of sports fans but the unfortunate reality is that placing wagers online is not legal and regulated in all countries. It is of essential importance to check whether these activities are regulated and permitted in the location you live in. To spare you the efforts, we shall outline in brief the legal status of online sports betting in several countries.
USA
Some jurisdictions prohibit citizens from participating in such activities as was the case in most of the USA until recently. Only punters residing in the states of Nevada, Oregon, Delaware, and Montana were allowed to participate in some forms of sports betting because of the Professional and Amateur Sports Protection Act (PASPA) that passed in 1992.
The enactment of this piece of legislation resulted in an almost nationwide ban of online sports betting but fortunately, the Act was overturned by a decision of the Supreme Court in May 2018. This favorable ruling of the Court paved the way for individual states to pass their own legislation regarding the legality of online sports betting. Delaware has already legalized fully online sports betting. New Jersey is also among the states that legalized online sports betting, along with Pennsylvania, West Virginia, Indiana, Michigan, Iowa, New Hampshire.
In 2020, Tennessee and Colorado are also expected to legalize virtual sports betting and join the rest of the states which have allowed their citizens to legally place online bets on their favorite sporting events. More states are expected to follow suit, legalizing and regulating this popular form of gambling within their borders. (Visit the USA sites)
UK
The United Kingdom is one of the best-regulated online gambling markets in the world. Betting on sporting events’ outcomes from the convenience of your home is fully legal in this jurisdiction and all online sportsbooks operating in the country are licensed and strictly regulated by the local UK Gambling Commission (UKGC) under the provisions of the Gambling (Licensing and Advertising) Act of 2014.
After the enactment of this favorable legislation, many local and offshore betting operators recognized the enormous potential of the UK market and penetrated it by applying for UKGC licenses. This gave local punters an incredibly broad choice of legitimate online sportsbooks. Enforcing proper regulations certainly makes sense considering how widespread this form of gambling is among UK citizens. The online sports betting market in the country has been growing at a steady pace after the introduction of the regulations.
As of 2001, punters from the UK are no longer expected to pay a levy when betting on their favorite sports. Instead, a tax was imposed on the sportsbooks operating from within the country which caused many local betting companies to transfer their operations offshore in an attempt to escape taxation.
Local regulatory authorities solved this issue with the introduction of the so-called point-of-consumption tax, demanding a 15% slice from the profits all licensed bookmakers earned when servicing UK punters, regardless of the physical location of the operators. Of course, bettors are still “taxed” in a way, not by authorities but by the bookies themselves who secure their profits by offering customers reduced odds and larger margins. (Visit the UK sites)
Australia
The legal situation in regard to online betting in Australia is a bit daunting. After the enforcement of the Interactive Gambling Amendment Bill of 2016, online sports betting remained legal but some of the amendments in the legislation outlawed specific types of wagering.
Web-based sportsbooks were in effect prohibited from accepting bets on the in-play markets (bets on events in progress) from Australian punters. This pertains to both locally licensed and offshore gambling operators. For one reason or another, wagers made before a given sporting event have started to not count as a form of “interactive” gambling according to Australian authorities and therefore, are allowed.
That being said, many foreign-based sports betting platforms fail to comply with these restrictions and would continue to accept wagers on their in-play markets from Australian customers. This may be attributed to ignorance regarding the new regulations but many offshore operators simply choose to ignore the changes because the Australian authorities do not prosecute them for not complying. (Visit the Australian sites)
Canada
Canadian punters can have their peace of mind knowing that betting on sports online is legal in their jurisdiction but there are restrictions that need to be complied with. The complexity here stems from the fact that each Canadian province has its particular laws and requirements in this regard. A license by the respective province needs to be issued in order for a sportsbook to operate legally on its territory.
What further contributes to the confusion is the distinction between what forms of sports betting are allowed and what is forbidden. Locally licensed sports betting operators are permitted to offer only parlay aka accumulator bets, where wagers on several events are combined and the punter wins only if all selections in the parlay are successful. This heavily restricts the legal betting options for Canadian punters.
However, since offshore bookmakers licensed outside the country are not blocked, Canadian bettors looking for a greater diversity would often choose to experiment with different wager types by visiting foreign websites. Furthermore, players from this jurisdiction are not harassed by local authorities for participating in offshore sports betting activities. (Visit the Canadian sites)
Austria
Gambling, sports wagering included, is fully legal and regulated in the Republic of Austria. Austrians are particularly keen on betting on the outcomes of European soccer games due to the massive popularity this sport enjoys in the country. Sports and horse wagering are regulated on a state level, with each of the nine Austrian federated provinces (Bundesländer) having each own legislation and regulatory body.
The sports wagering laws in the Bundesländer all rest on federal legislation that dates back to the first half of the 20th century. However, each federated province has amended its betting legislation in line with Austria’s updated anti-money laundering policies.
Both landbased and remote forms of legal betting are available to Austrian punters. The legal definition of sports wagering, the licenses’ duration, and the allowed product scope vary between federated states. Some states only allow for traditional wagering on the outcomes of sporting events. Others, like Tyrol and Vorarlberg, also permit social betting, i.e. on presidential elections or other cultural and political events.
ESports are not explicitly regulated on Austrian soil but all nine states regulate pool betting. In-play wagering is disallowed in most provinces although some permit it with certain restrictions. In Vienna, punters can place in-play bets only on the partial or end outcomes of live events.
The country has an open licensing regime, with no restrictions on the maximum permits for bookmakers. This approach helps create an open and well-developed market. Licensed landbased and remote betting operators have to pay a 2% tax on the wagers they collect.
Some provinces require online licensees to have a physical presence (servers etc.) within their territory. State authorities are not in the habit of blocking local punters from accessing unauthorized online sportsbooks. The legal sports betting age in most Austrian Bundesländer is 18 years old.(Visit the Аustrian sites)
South Africa
There is no denying South Africans are keen on sports, even more so considering some of the world’s top-performing athletes hail from the country. This love for sports extends to regularly punting on local and international competitions. South Africans can do it legally since the country regulates both landbased and online sports betting.
The regulatory landscape changed after the enforcement of the 1996 National Gambling Act. The legislation paved the way for regulated sports and horse wagering, leading to the creation of the National Gambling Board of South Africa (NGB). The country regulates these activities both on a federal and provincial level.
The NGB has a central role in aligning the regulatory standards across all nine South African provinces. A main priority of the regulator is ensuring the protection of local punters and preserving the sports’ integrity in South Africa.
The NGB also strives to curb the proliferation of illegal betting activities and prevent problem gambling by thoroughly reviewing all promotional materials for the sports betting and racing industries.
The bookmakers looking to service local punters must obtain licenses from the regulators in one of the nine South African provinces. The Western Cape Gambling and Racing Board leads the race in terms of issued permits, with over forty operating bookmaking licensees.
Sportingbet is one of the leading licensed providers of betting services in the country, with more than 100,000 active punters since its 2009 launch. South Africans who engage in unauthorized betting theoretically may suffer penalties, although the local authorities tend to prosecute operators rather than individual bettors.
Ever since the gambling industry’s liberalization back in the mid-1990s, sports betting in South Africa has witnessed unprecedented growth. The industry continues to maintain this positive trend, reporting a 20% average growth between 2010 and 2019.(Visit the South African sites)
Norway
In Norway, the state has a monopoly over the entire gambling sector whereby two state-owned companies have exclusive rights over the provision of sports betting services. Operators cannot distribute or market their products to Norwegians without permits from Norway’s Gaming Authority.
The market is closed to foreign competition – no commercial operators have received licenses so far. The Norwegian regulator can only grant permits to non-profit organizations, which leaves local punters with limited legal betting options. Two laws are responsible for the current monopoly on sports betting, one of them being the Gaming Act of 1992.
It granted exclusive rights to Norsk Tipping to provide lotteries, instant-win games, and soccer betting. The 1927 Act on Tote Betting enabled Norsk Rikstoto (the Norwegian National Tote) to become the exclusive pari-mutuel betting provider for equestrian sports.
These restrictions hardly prevented local punters from taking their action to offshore sportsbooks that target Norwegian customers. Sports betting with unauthorized websites was so rampant that it led to the enforcement of the 2010 Regulation on Payment Transfers. This legislation effectively prohibits local banks and financial institutions from processing payments to offshore betting sites.
Nonetheless, these measures have done little to restrict unauthorized betting activities in Norway. Many offshore sports betting operators have managed to dodge the restrictions by using third-party payment processors. Such sportsbooks cater to local punters by supporting NOK and offering their services in the Norwegian language. (Visit the Norwegian sites)
Belgium
Gambling is embedded in Belgians’ culture. The Federal Act of 7 May 1999, or the Gaming Act, is the country’s main piece of legislation that governs the provision of gambling services throughout the country except for the lotteries. This means that sports betting also falls under it. The country’s gambling regulator, the Belgium Gaming Commission, was established under the Gaming Act and currently, it still performs its regulatory duties. Sports betting is also within its scope of powers.
In 2011, lawmakers adopted some amendments to the law to include online gambling and sports betting. Belgium offers 10 different licenses, depending on the products a given operator wants to offer. The relevant license for offering sports betting services is the so-called F-style license. F1 licenses allow the organization of up to 35 bets, while to accept wagers, operators should acquire an F2 license. According to the country’s legal framework, to be able to accept online sports bets, operators need to acquire an F1+ license.
The F-style licenses are interrelated and an operator needs all of them to legally offer online sports betting services to players from Belgium. Acquiring a sports betting license in Belgium is not an easy task as the applicants need to meet some strict requirements. F-style licenses are valid for 9 years. A curious fact is that the most popular sport on which Belgians place bets is soccer. However, placing bets on sports such as tennis, boxing, horse racing, cycling, and others is also an option. (Visit the Belgian sites)
Finland
An undeniable fact is that Finns are fond of all forms of gambling, including sports betting. The provision of gambling activities throughout the country is subject to a state monopoly. It is held by three entities, each responsible for a different gambling branch. When it comes to sports betting, it is the Veikkaus Oy that is tasked with overseeing the industry. It is also responsible for regulating the national lottery and instant win games.
The other two entities are RAY and Fintoto Oy. These regulate land-based casinos and pari-mutuel horse racing, accordingly. There is also a fourth entity called PAF and it controls the provision of all kinds of gambling activities in the Aland Province. As for now, PAF and RAY are the two entities that are allowed by the Finnish government to legally run gambling sites. Sports betting enthusiasts can legally place bets on their favorite sporting event only if they are 18 years old or more.
As it turns out, there is a major loophole in the Finnish regulatory framework as the country neither blocks offshore operators nor prevents Finns from placing bets at offshore gambling sites. The European Union and Finland often lock horns over the state monopoly on gambling.
In December 2020, the European Gaming and Betting Association (EGBA) advised Finnish lawmakers to put an end to the monopoly, being the only European country that still maintains such a regime. Experts believe that the country’s lawmakers will amend their gambling laws in the near future. Veikkaus has been recently criticized for its marketing policies. (Visit the Finnish sites)
Germany
It is hard to say whether online gambling in Germany is legal as the country has adopted a perplexing stance on the matter. What adds up to the confusion is that the industry is regulated on a national level but the different states can regulate gambling the way they deem it wise. Sports betting is viewed as a form of gambling.
In 2008, the Interstate Treaty on Gambling (ISTG) came into effect to ban all forms of gambling except for sports betting and horse racing run by state-owned companies. Initially, all states agreed to adopt this piece of legislation. This unanimity lasted only until 2012, when Schleswig-Holstein decided to regulate the industry and license several operators. A few years later, the country was scrutinized by the EU for its strict gambling regulations which gave rise to some changes.
Germany’s gambling market has always been a rough diamond that should be polished to deploy its full potential. Unfortunately, the authorities kept their eyes closed for the gambling industry’s great potential for years. In 2020, news agencies reported that the lawmakers are to legalize online casinos and online poker.
Under new regulation that is to come into force on 1st July 2021, an unlimited number of sports betting providers will be able to enter the German market. Currently, it is perfectly legal to place a sports bet at an offshore casino or sports book and subsequent winnings are subject to a 5% fee. (Visit the German sites)
Italy
Italy is a beautiful country that takes pride in its ancient history. Gambling throughout the country can be traced back to the Roman Empire, when people were making bets on Gladiator fights. Nowadays, gambling is among the Italian’s favorite leisure activities. The oldest casino across Europe, Ridotto, opened doors in Italy in 1638.
Over the years, Italian authorities made efforts to reduce the exposure of its residents to gambling activities. The pivotal year for the online gambling industry was 2007 when Italian lawmakers introduced the so-called Decree on Liberalization. Fast-forward to today, the country differentiates the games based on luck from the games that require some special skills. Sports betting is viewed as a gambling activity based on luck. Hence, Italians can legally bet on various sporting events.
Until 2010, all foreign operators were blocked. Only the Italian National Olympic Committee (CONI) and the National Horse Breeders Enhancement Society (UNIRE) were allowed to offer online and offline sports betting services. This means that even though sports betting was regulated, it was a state monopoly.
In 2009, the European Commission scolded Italian legislators for the strict gambling rules. As a result, in 2010, the country’s gambling regulator, Amministrazione Autonoma dei Monopoli di Stato (AAMS), was given the green light to issue licenses to foreign sports betting providers as long as they meet the requirements. (Visit the Italian sites)
New Zealand
Much like its neighbors, the Australians, Kiwis love gambling. The main piece of legislation that currently governs the industry is the Gambling Act 2003. Since its implementation, the law was amended twice. Currently, it states that only individuals above 18 years old are allowed to place sports bets, play lottery games, or buy scratch cards. The minimum age to gamble at a casino is 20 years.
The main regulatory body overseeing sports betting and gambling activities is the Gambling Commission. It, on the other hand, falls under the authority of the Department of Internal Affairs. The Gambling Commission does not have the power to change the laws but rather perform its duties within the established legal framework.
New Zealand’s gambling law outlines four major classes of gambling activities that are legal. If a given gambling form does not belong to any of them, it is against the law. Kiwis can legally place bets on sporting events online as long as the operator is based outside New Zealand. Operators are strictly forbidden to promote their gambling services within New Zealand. The government slaps wrongdoers with hefty fines of up to $10,000.
Punters should be careful when selecting a preferred online sports betting provider as their interests are protected according to the legal framework established by the specific licensing country. Even though Kiwis can choose from a variety of odds, they tend to prefer the decimal format as determining their winning potential is a child’s play. (Visit the New Zealand sites)
Scotland
Scotland is a constitutional part of the United Kingdom that occupies a third of Great Britain. The regulation of its gambling industry is in the hands of the UK Gambling Commission that was founded in 2007. The law that establishes the legal climate for the provision of gambling activities in Scotland is the Gambling Act 2005. Over the years, Scotland went through a thorny path when it comes to gambling regulation.
Nowadays, all forms of online and offline gambling activities are regulated throughout the country. This means that punters from Scotland are free to place the type of bet they wish to on their favorite sports team. Under the gambling law, sports bettors should be at least 18 years old to legally participate in gambling activities, including sports betting. Scottish sports betting shops tend to present the odds either in decimal or fractional format. The fractional odds enjoy greater popularity among Scottish people.
The legal framework throughout Scotland aims at protecting punters’ best interests and stamp out gambling-related problems. Winnings from sports betting activities are tax-free. Operators who would like to legally offer sports betting services in Scotland are required to have a license issued by the UK Gambling Commission. Obtaining such a license is no picnic as the gambling authority maintains the highest standards on the market. (Visit the Scottish sites)
Sweden
For years, Swedish authorities aimed at introducing a state monopoly on gambling activities in a bid to limit illegal gambling. Svenska Spel was the only state-owned entity that was allowed to offer gambling services within Sweden without infringing the law. The two major laws that governed the gambling industry up until recently were the 1994 Lotteries Act and the 1999 Casinos Act.
In 2002, the Swedish government introduced amendments to the already existing laws, allowing Svenska Spel to offer online gambling services. Hence, Swedish punters had a very limited choice in terms of virtual sportsbooks and casinos. In 2005, the popular online sportsbook Ladbrokes tried to set its footprint on the lucrative Swedish market, but its attempts failed.
The gambling landscape throughout the country dramatically changed in 2018, when the country introduced amendments to the Gambling Act. The new legislation opened the possibility for foreign operators to enter the Swedish market. Interested operators were required to obtain a license from the county’s gambling regulator Spelinspektionen.
Under the country’s gambling laws, licensed sports betting and casino operators should offer no more than one Welcome Bonus to Swedes. What is more, punters under the legal gambling age of 18 years old are strictly prohibited from joining a sportsbook. The number of payment solutions is also very limited. In an attempt to minimize gambling-related problems, all Swedish bettors are required to set limits on their daily deposits. (Visit the Swedish sites)
The Netherlands
Sports wagering is among the most widespread forms of gambling in the Netherlands. Until recently, the sector was subject to a state monopoly – the only two entities that could offer betting in landbased or online form were the state-owned Dutch State Lottery (Nederlandse Loterij) and Sportech Racing BV. Unauthorized bookmakers who explicitly targeted Dutch residents suffered heavy financial penalties.
The Dutch sports betting industry finally opened to private and foreign competition with the approval of the Remote Gambling Act (Wet Kansspelen op afstand) in 2019. The passage of this bill is a turning point in the history of the Dutch gambling industry. It paved the way for legal remote betting in the country and opened the market to foreign bookmakers.
The Remote Gambling Act enters into force at the beginning of March 2021, with the first locally authorized betting sites commencing operations at the beginning of September 2021. The Act sets the requirements for advertising and problem gambling prevention, creating a safer betting environment for Dutch punters.
Apart from traditional sports betting, prospective licensees can accept wagers on eSports, fantasy, and virtual sports. Authorized operators can also offer in-play betting as well as horse and harness racing. Kansspelautoriteit (the Dutch Gaming Authority) issues the remote licenses and supervises approved licensees.
Applicants will not be required to partner with local brick-and-mortar operators to receive permits. They also have to comply with a 32-month cooling-off period before they submit their applications. This means an operator must not have targeted Dutch punters without authorization within this timeframe, or else their application will be rejected. (Visit the Dutch sites)
Denmark
Sports wagering is legal on the territory of Denmark but only on condition the bookmakers hold valid licenses that enable them to service Danish punters legally. Where remote gambling is concerned, the Danish Gambling Authority (DGA) issues two types of permits – betting licenses (for sports wagering) and online casino licenses (for the provision of table games and slots).
The Danish Gambling Authority (Spillemyndigheden) regulates the industry under the provisions of the Danish Gambling Act. A license issued by the DGA covers remote and brick-and-mortar sports betting services and has a validity of up to five years.
Remote applicants also have the option to apply for combined permits that would allow them to offer both wagering on sports and online casino games. A full list of all approved remote and landbased bookmakers is available at the DGA’s official website. Punters from Denmark have legal access to the services of leading sportsbooks like Betfair, 888, Unibet, and Mr Green.
All licensed sportsbooks in Denmark must pay annual license fees and duties based on their gross gaming revenue (GGR). Operators based outside Denmark or the EU/EEA must appoint representatives with permanent domicile in the country. Said representatives must first obtain the approval of the DGA.
Licensed sportsbooks can only provide betting to punters who are at least 18 years of age. Respectively, the websites must be available in Danish and support the DKK as a currency. Residents who punt at unauthorized betting sites are not held liable under Danish law. (Visit the Dannish sites)
Ireland
Ireland has been regulating sports wagering since the early 1930s under the provisions of the 1931 Betting Act. This outdated piece of legislation was amended by the Betting (Amendment) Act of 2015, which paved the way for the licensing of remote sportsbooks and betting intermediaries.
More changes followed after the approval of the Gaming and Lotteries (Amendment) Act of 2019 that came into force in December 2020. Pari-mutuel wagering falls under the scope of the 1929 Totalizator Act and its subsequent amendments. Only two tote operators have received totalizator permits so far – Horse Racing Ireland (the permit expires in April 2021) and the Irish Greyhound Board.
Operators looking to penetrate the Irish market legally must obtain valid licenses from the local regulators, the Revenue Commissioners (colloquially known as the Revenue). There are no restrictions on the number of remote betting licenses at the moment. However, the Revenue may impose one such cap if it deems fit.
Remote sportsbooks can only accept punts from Irish bettors who are of legal gambling age (18 years old in the country). In addition to licensing fees, approved online bookmakers are subject to a 2% wagering duty. Charges of 25% apply to the commissions of betting intermediaries. The validity of the permits is typically two years.
With that said, it is a common practice for offshore-licensed sportsbooks to provide bookmaking services to Irish residents. Such operators have usually obtained their permits in jurisdictions with contemporary regulatory frameworks like Malta or Gibraltar. (Visit the Irish sites)
Portugal
Portugal is a country with a long gambling history and it is the country with some of the oldest brick-and-mortar betting facilities in Europe. Throughout the years, Portugal has legalized various forms of gambling, allowing its residents to legally place bets on casino games, sports events, lottery, and bingo. Both online and offline betting is possible in Portugal, making it a great place to live if you are a fan of recreational sports betting.
Gambling in Portugal is regulated thanks to two primary pieces of legislation, i.e. Decree-Law No. 422 (The Gambling Act 1989) and Decree-Law No. 66 of 2015. Betting on horse races was legalized with the passing of the Decree-Law No.69 of 2015. Meanwhile, football pools aslo known as Totogolo were decriminalized in 1998 under the Decree-Law No. 68. The two regulatory bodies in Portugal are the Gambling Regulation and Inspection Service (SRIJ) and the Lisbon Holy House of Mercy (SCML). The SCML regulates the National Lottery, land-based fixed-odds sports betting, and mutual horse race betting. Online sportsbooks are allowed to offer odds on sports events only if they have obtained licenses by the RJO (Online Legal Gambling and Betting Regime).
Although different forms of gambling have been decriminalized in the past, the Portugal government still takes steps towards improving the laws that regulate this industry. The latest amendment to the law was introduced in 2020, eliminating the so-called progressive tax rate. New changes to the legal framework of Portugal are expected either in 2022 or perhaps even sooner. (Visit the Portuguese sites)
Spain
Land-based gambling enjoys great popularity in the country of Spain but online gambling has also started to catch up in the last few years. It is predicted that thanks to the growing interest in online wagering, the overall gambling industry in Spain is expected to continue developing in the upcoming years and reach even a larger scale.
Spain has legalized both the online and offline form of gambling, allowing players to legally enjoy betting on casino games, sports events, horse races, bingo, poker, and lottery. While the state laws regulate online gambling, the regional authorities in Spain are responsible for the regulations of regional land-based gambling.
The Royal Decree, also known as Law 16/1977, was the piece of legislation that decriminalized sports betting, as well as other forms of land-based gambling. The same law also defined the taxation pattern for licensed gambling operators, with the tax rates ranging between 15% and 50%.
With the rise of interactive gambling, a new law was passed in 2011. It legalized online gambling and marked the establishment of Dirección General de Ordenación del Juego (DGOJ), which is the regulatory body that oversees the activity of online gambling operators in Spain. DGOJ is also the jurisdiction that issues licenses to operators who wish to offer online sports betting services to Spanish players. Bettors are required to declare their profits from gambling-related activities in their tax returns. Meanwhile, online sportsbook operators are required to pay a Tax on Gambling Activities, which amounts to 20% of their gross gaming revenue. (Visit the Spanish sites)
Hungary
It is safe to say that Hungarians live and breathe gambling, and sports betting in particular. Playing casino games and betting on sports started to gain even more traction after the legislative changes that were introduced back in 2013. Before that time, the choice of online platforms Hungarians had was only limited to the state-run site Szerencsejáték Zrt, while the government took steps to block and blacklist overseas operators that attempted to penetrate the gambling market.
Things changed for the better in the country, as lawmakers had no other choice but to ease the restrictions overseas operators faced while they are looking to accommodate Hungarians. The restrictions were lifted as a result of the growing pressure from the EU, and this move was much-awaited by operators. After overseas operators were authorized to compete for the Hungarian gambling industry, a number of established and well-known brands eyed the untapped market.
Presently, offline betting on sports is monopolized by the country, while overseas operators are given leave to provide their services in Hungary. The though rules of engagement and steep fees are what urge them against competing on the market. (Visit the Hungarian sites)
Czech Republic
Sports betting and other gambling activities in the Czech Republic are completely legal. Their constitutionalizing began back in 1990 and within one year the first two operators legally entered the Czech market – Fortuna and Tipsport. In the next 19 years, only brick-and-mortar premises were allowed. In 2009 online betting became part of legitimate gambling activities and the first online sportsbooks were created.
What is characteristic of the Czech sports betting market is that punters can bet with locally licensed bookies as well as with big international brands headquartered outside the country. There are no taxes on the bettors’ winnings but local gambling operators must pay significant taxes to the state, which indirectly limits the bonuses and prizes they can provide.
The services offered by major sports betting brands in the Czech Republic are in no way different from the ones in other markets. Local punters can enjoy all the incentives possible – generous welcome bonuses, free bets, reload and rebate promotions, and lucrative cash prizes.
As for the most popular sports Czech punters bet on, they are undoubtedly ice hockey and soccer. Bettors have at their disposal numerous betting markets covering many domestic leagues and all major international tournaments. The local legislation puts no restrictions on the sports you can wager and also on the bet types, thus enabling punters to have a complete and flawless betting experience. (Visit the Czech sites)
France
Over the years, France’s online sports betting scene as a whole has undergone many notable changes. In the early two thousands, the only operators legally allowed to offer gambling services online were the FDJ and PMU. Thankfully, the laws were somewhat alleviated in 2009, and one year later, ARJEL was established. ARJEL was, at the time, responsible for issuing licenses to foreign operators.
Apart from spread betting, nowadays, most forms of online sports betting are perfectly legal in France. However, the country’s current regulatory body, the ANJ, is quite strict when it comes to the conditions that need to be met for a bookmaker to be eligible for a license. While this has, so far, heavily limited the number of bookmakers that are legally allowed to offer sports betting to French punters, France is one of the safest countries out there for gambling aficionados.
All bookmakers who wish to operate within France must first obtain a license by the ANJ, the country’s aforementioned regulatory body. Furthermore, there are separate licenses for general sports betting versus horse racing. If an operator is looking to offer both, they will need to acquire two separate licenses that need to be renewed every 5 years. Fortunately, there is no imposed limit on how many licenses the ANJ can issue currently.
As for the requirements pertaining to the punters themselves, any French resident is legally permitted to partake in sports betting, provided that they are at least 18 years old, and that they are not listed as an individual prohibited from gambling. (Visit the French sites)
Greece
Sports wagering is fully legal in Greece in both landbased and online form. Greek punters are now able to enjoy a decent variety of locally licensed online sportsbooks thanks to the recent liberalization and re-regulation of the country’s gambling market.
The industry is governed by two primary pieces of legislation, the first one being Law 4002/2011 which regulates gambling in general. Law 4635/2019 amended some of its provisions, effectively putting an end to the monopoly of the state-owned OPAP. In turn, this enabled private foreign companies to finally receive Greek licenses.
Greece has adopted an open licensing process, whereby interested sports betting operators can apply for Type A permits from the local regulator, the Hellenic Gaming Commission. The permits for sports wagering have a duration of seven years and cost €3 million per operator, with the option for renewal one year before expiration.
Greece has some of the highest gambling taxes in Europe, with licensed operators contributing 35% of the gross revenue. Greek punters also pay withholding taxes on their sports betting profits and the rates reach 20% for winnings exceeding €500.
The Greek regulatory authority maintains a whitelist of all approved betting firms as well as a blacklist of unauthorized operators with blocked domains. Both are regularly updated and readily available on the regulator’s official website. Some of the biggest brand names in the sports betting universe have already gained the approval of the HGC, including prominent names like Betsson, Unibet, and bet365. (Visit the Greek sites)
Brazil
Sports betting and gambling in Brazil have been considered illegal since the adoption of a decree signed by President Euricio Gaspar Dutra in 1946. The only exceptions were related to state-governed lotteries, wagers on horse racing in authorized tracks, and a brief open period for slot machines.
Over the years, there have been many debates in the National Congress of Brazil regarding the legalization of sports betting and different opinions have been discussed, taking into consideration the religious, ideological and economic aspects of the topic.
Eventually, Brazil has taken the necessary steps in the legalization of fixed-odds sports betting with the adoption of Law No. 13,756 in December, 2018.
The authority that is in charge of preparing the legal framework for fixed-odds sports betting is the Ministry of Economy, and more precisely the SECAP (the Secretariat for Public Policy Evaluation, Planning, Energy, and Lottery). It has been granted with a four year period to deliver a unified document, containing the legal criteria according to which licensed and regulated sportsbooks are supposed to operate.
There are many offshore sportsbooks accepting Brazil-based punters, but currently there are no Brazilian operators. Consequently, it is of paramount importance for Brazilian punters to be familiar with the specifics of sports betting, as well as the leading global bookmakers, offering competitive odds, lucrative bonuses, and convenient payment solutions. (Visit the Brazilian sites)
Turkey
Turkey is easily a country in which the East meets the West, and its strictly controlled gambling industry goes to show this. The gambling activities residents of the country can freely access are thin on the ground, and only include betting on sports, horse races, and game of chance. These activities are considered regulated gaming and betting, and are exempted from the description of prohibited forms of gaming provided in the law.
Offline gaming was also formerly authorized, but a ban on such activities was introduced back in 1996. Around two decades ago, online gambling also started to pick up steam in Turkey, but lawmakers turned the legality of such activities on its head and introduced a blanket ban. Yet, gaming operators continued to freely service gambling enthusiasts from the country until 2013, when the government went for stricter control over the operations.
Under the new set of rules, fines and imprisonment will be imposed not only to residents of the county who take part in authorized gambling but to operators that offer such services as well. In spite of the fact that the government has taken measures to block overseas operators, there are still betting sites that neglect the ban and accept users from Turkey.
The only forms of gambling residents of Turkey can legally engage in are betting on horse races, given that it is provided by the Jockey Club of Turkey, sports betting, which is offered by the IDDAA, and playing the lottery. (Visit the Turkish sites)
Argentina
Argentina is among the jurisdictions whose legislation regarding sports betting is not the same for the whole country and therefore needs to be carefully researched so that you do not end up in violation of any local regulation. Until recently, only land-based gambling activities were fully legitimate, so the country has a large number of brick-and-mortar casinos and betting shops.Since 2018, online sports betting is legal in the city and the province of Buenos Aires where operators can apply for a license issued by the Provincial Lottery and Casino Institute. The relevant requirements are hard to fulfill so betting operators do not show much interest. While the local legislation says nothing about online sportsbooks managed by foreign brands, it does not explicitly prohibit their activity and logically this is the preferred choice of many Argentine punters.
This is especially favorable for the local bettors since they can benefit from all the features and promotions provided by bookies like bet365, 22Bet, RedBet, and Betway. To fund your account balance, you can use debit & credit cards, bank transfers, Skrill, Neteller, Paysafecard, AstroPay, and other payment methods.
Winnings are not taxable, but keep in mind that the Ministry of Finance imposes a gambling tax of 5% on all online betting transactions. (Visit the Argentinian sites)
Mexico
Mexico’s gambling history is quite rich, with games of chance dating all the way back to the time of the Aztecs. The late 19th and early 20th centuries saw further popularization of the practice thanks to French influence. The Gaming Law introduced in 1947 complicated things and led to a lot of confusion since wagering was declared illegal, but the Ministry of the Interior was put in charge of regulating and authorizing gambling establishments.
Thankfully, Mexico’s sports betting landscape has been growing steadily in the past couple of decades. The 2004 and 2013 amendments to the country’s Gaming Law made the legislation restrictions and rules significantly clearer, and nowadays gambling is regulated and legal.
Mexican online bookmakers can operate within the country provided that they are part of a brick-and-mortar venue that has acquired the necessary permit from the Ministry of the Interior. Furthermore, Mexican netizens are not prohibited from wagering at off-shore online sportsbooks, nor are the websites themselves discouraged from accepting punters from Mexico. This leaves Mexican bettors with a wide variety of online bookies to pick from. (Visit the Mexican sites)
Japan
Japan has a fascinating culture and gambling and sports betting have always been an integral part of it. The East-Asian country has played host to a number of prominent sports championships over the years and its population is keenly interested in various sports.
Presently, under Chapter 23 of the Penal Code in Japan, only certain types of sports are legally approved for sports betting. These include horse racing, powerboat racing, motorcycle racing, and bicycle racing. Furthermore, Japan permits only the pari-mutuel form of betting, whereby bets of certain type are placed in a pool and the final payouts are determined when the pool is closed.
Licenses for operation are granted only to certain state-governed entities. Horse races are operated and managed by the Japan Horse Racing Association. Motorcycle and bicycle races are supervised by the Japan Keirin Autorace Foundation, while motorboat racing is governed by the Nippon Foundation.
Among the favorite sports disciplines of Japan-based punters are baseball, football, tennis, horse racing, and golf. Many more sports are available at the Japan-friendly online sportsbooks, allowing every bettor to find their favorite market. Foreign-based bookmakers provide Japanese bettors with a variety of betting options, including many of their domestic leagues, as well as other major global championships. (Visit the Japanese sites)
Qatar
Being the country with the third-biggest GDP per capita in the whole world, Qatar has the potential to greatly benefit economically from a regulated gambling scene. That said, like many other Islamic countries, Qatar has deemed every form of gambling to be illegal. Naturally, this makes it difficult for people who enjoy sports to place wagers on their favorite teams or players.
The ban on gambling applies to both the offline and online forms of the sector. If you are visiting the country, do not expect to see any brick-and-mortar casinos, kiosks, or any other gambling facilities in Qatar. That said, it is known that there are quite a few illegal betting activities taking place in the country. However, those who offer or participate in such actions risk being caught and penalized in accordance with the sanctions described in the 2004 Penal Code of Qatar.
Even though online betting is illegal in the country, punters in Qatar take advantage of several legal loopholes and tend to place bets on offshore betting sites. Since the government of Qatar is not taking serious actions against foreign sportsbooks, there are quite a few offshore bookies that welcome bettors from Qatar.
While there is a way to make sporting wagers online, if you reside in Qatar, you should be very careful when choosing a sportsbook to join. It is always important to check the reputation of the bookie, the sports it covers and the odds it is offering. Being able to make secure payments via e-wallets, prepaid cards, or cryptocurrencies is also among the advantages Qatari bettors are advised to look for when choosing a website for their sports betting. (Visit the Qatari sites)
Thailand
Thailand is a country with long traditions in sports betting and gambling which, however, are currently almost 100% illegal. Like anything forbidden, interest in these activities is constantly increasing. Local punters have found ways to overcome legal restrictions and enjoy their favorite pastime.
The 1935 Gambling Act is the main document that regulates all forms of sports betting in Thailand. The only gambling activities you can legally perform in the country are the state lottery and betting on horses at certain race tracks.
Although not explicitly mentioned in any legislative document, online sports betting is considered to be against the law. This does not prevent some local bookmakers from launching sportsbooks. It is generally not a good idea to place your bets through them. There is a great chance to be misled regarding the payment of your winnings. What is more, you run the risk of going to jail, being deported, or paying a hefty fine.
Nothing is lost, though. There is a minimal chance that any of the above will happen to you if you choose a betting operator based outside Thailand. In the worst case, your access to the online sportsbook may be blocked, although this does not happen very often. Betting via a licensed international bookie will allow you to benefit from an abundance of betting markets, payment methods, bonuses, and promotions. (Visit the Thai sites)
Vietnam
Vietnam is a country situated in South Asia, with a rich history that dates all the way back to 20,000 years ago. Naturally, wagering activities have always been quite well-liked in Vietnamese society and this is evident by how old certain games of chance are in the country. Bau Cua, a game involving dice, was part of everyday life for many Vietnamese individuals, and wagering on fights between male betta fish is another ancient activity.
Legally, however, things have been tough for gambling enthusiasts in the country. For a long time, the lottery was the only gambling activity that was legally permitted to Vietnamese punters. We are happy to say that things seem to be changing, however, and the government has slowly but steadily been making progress towards regulating the nation’s gambling market.
Although online betting has not been legalized at the time of writing, brick-and-mortar gambling is more accessible nowadays in terms of what is legal. Bettors are allowed to wager on international soccer, horse racing, and greyhound racing events, although there are many conditions that need to be met.
The laws have not stopped Vietnamese punters from wagering online as well, however, and nowadays the practice is widespread among those who use their smartphones to place bets online. Sports such as soccer, mixed martial arts, and eSports are especially popular. (Visit the Vietnamese sites)
Malaysia
Malaysia has hosted several major sports tournaments over the years, including the Commonwealth Games in 1998. Malaysians are avid fans of many sports and sports betting is among their favorite pastimes. However, there are only a few legal and regulated forms of gambling within the country. Currently, these include six privately-operated lotteries, three authorized horse racing tracks, and a single land-based casino, Resorts World Genting.
Taking into consideration that Malaysia is a country of multi-ethnic background, it is important to note that Muslims, making up 61% of the population, are forbidden to participate in any kind of gambling activity. The rest of the ethnic groups are not restrained from taking part in the legal forms of gambling available in the country. Malaysian citizens of non-Islamic background are allowed to gamble when they reach the age of 21.
Malaysia has three major laws in relation to gambling – the Betting Act of 1953, the Common Gaming Houses Act of 1953, and the Shariah law. The Betting Control Unit, operating under the jurisdiction of the Finance Ministry is the legal authority in charge of granting permits to legal betting venues in the country. The betting activities carried out at the three authorized racecourses in Malaysia are supervised by the Pan Malaysian Pools Sdn Bhd.
Malaysia’s residents have the opportunity to sign up for offshore sportsbooks and bet on major sports tournaments from around the world. The sports that are much-favored in the country are football and badminton. (Visit the Malaysian sites)
Types of Odds and Vigorish
Now that you have acquainted yourself with the history and the legality side of sports betting, the next step in understanding how the odds and vigorish work. And it is a very important step you are not recommended to skip on if you strive to be successful with your bets in the long run. The experts of SuperBettingSites have provided information about the three most common odds formats you will come across at most virtual bookmakers. These will help you to easily understand the odds lines, no matter where you are placing your bets. Most of the bookmakers that we will recommend you accept wagers in all three formats and the purpose of each of those is to show you how much money you can extract from the outcome you are betting on.
Decimal Odds
The first format uses decimals to express the odds which are listed by the bookies like this – 1.44, 2.00, 4.00 and so on. This is probably the simple method for odds expression and one that prevails in Continental Europe, Canada, and Australia. We believe that the decimal format is one of the easiest ways to calculate the exact amount you will collect from a given winning bet.
One way to do this would be to follow the formula where you first multiply the decimal odds by your stake and then subtract the stake from the result. This helps you determine whether or not a specific proposition gives you good value for your investment i.e. bet. Let’s provide several examples for you to see how it works in practice with a $10 bet:
- For odds of 2.33 – (2.33 x $10) – $10 = $13.30 in net winnings
- For odds of 5.00 – (5.00 x $10) – $10 = $40.00 in net winnings
- For odds of 1.50 – (1.50 x $10) – $10 = $5.00 in net winnings
Fractional Odds
The second way to list odds is to use fractions and this way of expression prevails across the United Kingdom, especially in specific sports like horse racing where you will see odds of 7/1, 1/1, 3/1, 9/1 and so on. Fractional odds show you how many units you can potentially win for each unit you put on stake. So to proceed with the 7:1 example, you will collect 7 units if you bet one unit and win.
The formula used for calculating your potential payout with fractional odds is a bit more complex than the one for decimals but we will make sure to provide an example that will make things easier to grasp. What you do in this case is multiply your stake by the odds as we have done in the examples below:
- $10 x (7/1) = $10 x 7 = $70 in net winnings
- $10 x (10/2) = $10 x 5 = $50 in net winnings
- $10 x (1/1) = $10 x 1 = $10 or even money
Things get slightly more complex when your bookmaker offers you odds that are expressed in reverse i.e. the fraction contains an integer numerator that is smaller than its integer denominator like so 4/5, in which case you can possibly collect 4 units in winnings with a 5-unit bet. When this happens, it is said that the odds are “against” a given outcome occurring.
Of course, this gives you poor value because you need to risk more money than the amount you can potentially win. At SuperBettingSites, we hope that punters will always be able to find the best odds and make bets with the biggest potential. This is why we provide a way to calculate your potential win no matter how the odds are looking. When the odds are expressed in reverse, the calculations are still performed according to the same formula. The complexity stems more from punters having to perform a bit more difficult calculations. Here is how it works in a few quick examples:
- $10 x (4/6) = $6.66 in net profits
- $10 x (2/5) = $4.00 in net profits
- $10 x (1/4) = $2.50 in net profits
You can also use the odds to calculate the implied probability of a given bet and convert it into a percentage figure. So let’s try an example where you are backing a horse, say Northern Star, to win the Kentucky Derby at odds of 6/1. What you need to do is divide the denominator of the fraction by the sum total of the numerator and the denominator and then multiply it by 100 to convert the result into a percentage figure, like this 1 / (6 + 1) = 1 / 7 = 0.142 x 100 = 14.28. Therefore, the likelihood of Northern Star winning the Kentucky Derby is not particularly high at approximately 14.3% so you may have to think twice before you stake money on this horse.
American Odds
And finally, there are American odds which you may encounter by the name of “moneyline”. You have probably guessed where this format is mostly used so let’s proceed by explaining how these odds work. In this format, the odds are expressed through negative and positive numbers. When a positive number is used, it shows you the net profit you can earn with a successful wager of $100.
But if the odds are expressed with a negative number, it indicates the amount you are expected to put on stake in order to collect $100 in net profits. The negative numbers are used for the favorite in a given event and therefore would yield a smaller payout. And vice versa, positive numbers are used for the underdog as winning bets for such outcomes would result in a significantly higher payout for the punter.
Of course, we will also provide a way to calculate your potential profit when you see American odds. Luckily, the formula we use is pretty much identical to the previous two, at least when your odds are expressed with a positive number. Therefore, your potential winnings are equal to the staked amount multiplied by the positive odds divided by 100. Here are two examples for clarification:
- $40 x (130/100) = $52 in net profits
- $20 x (200/100) = $40 in net profits
The formula for odds expressed with negative numbers differs in that the punter is required to divide the negative odds by 100 and then divide the stake by the results as we did in the examples below:
- $20 / (-150/100) = $13.33
- $15 / (-250/100) = $6.00
The Vigorish
Bookmaking is, after all, a business like any other and therefore, the primary goal of a bookmaker is to turn a profit. The experts at SuperBettingSites will let you know how exactly is that achieved. Bookies accumulate a profit by setting the odds for the bets they offer in such a way so as to reduce volatility for themselves. At the same time, the odds they offer should reflect the real probability of a given event happening. The odds are also set in such a way so as to attract relatively equal amounts of betting action for both outcomes, which balances the books.
A bookmaker would choose their margin (which is usually between 2% and 10%) and then lay the odds for the possible outcomes on the basis of this margin. The margin is in practice a commission that is built into the odds of all bets and is often referred to as vigorish (vig), juice, or overround.
The simplest way to explain how the vigorish works is by using an example with only two outcomes, both of which are entirely random but have equal chances of occurring, like a coin flip, for instance. Since the chances of the coin landing on heads or tails are practically 50/50, the odds for each outcome should be even, or at least would be in an ideal world. It is almost the same with bets on heads-up matches where both players are in equally good form and have relatively even chances of winning.
However, in such cases, the sportsbook will offer you odds of 9/10, for example, or 1.90 in the decimal format and -111.11 in the moneyline format. You bet $50 on each outcome for a total of $100 on stake. The overall profit you can expect to generate would be equal to $95 according to the formula for profit calculation we provided earlier, i.e. $50 x (9/10) = $50 x 0.9 = $45 + $50 (initial bet) = $95.
The remaining $5 from the $100 you initially invested will be collected by the bookmaker as a commission. This also allows us to calculate the margin for one such bet. We do this by subtracting the net profit from the overall staked amount, so in this case, the margin is equal to 5%. In other words, the bookie is guaranteed to profit with $5 for every $100 punters wager on a bet with these odds.
Sports Variety and Markets
There are many reasons why online sports betting is so popular among punters but the biggest incentive for people to switch from landbased to online sportsbooks has to do with diversity in terms of sporting events and markets. There are all kinds of sports you can bet on online and these are not limited only to the usual basketball, football, tennis, hockey, cricket, horse racing, and baseball options.
At SuperBettingSites, we often review online sportsbooks that would also offer odds on numerous less conventional options like motorbikes, cycling, darts, hurling, and handball, among many others. Bettors who are looking for something new are even given the option to make a punt on the outcomes of TV specials and presidential elections.
The options where markets are concerned are just as diverse. The great thing about online sportsbooks is that they tend to offer very extensive coverage of both popular and less known sports. You can wager on different events from the Premier League, the World Cup, NBA, NFL, the ATP World Tour, the PGA, and NHL.
Of course, the specifics of some sports are such that they would offer a greater variety of markets but generally, the options at online sportsbooks would include over/under, straight bets, point spreads (handicaps), propositions, outrights, and parlays, to mention a few. Betting on the in-play (live) markets has particularly big popularity. Many players would prefer to wager money on the live markets because this enables them to place their bets after the events have already started, which naturally increases their chances of making a correct prediction.
Many sportsbooks would also support the so-called exchanges where players can both accept odds backing their favorites and lay odds to sell them to fellow punters in order to lock in profits or minimize their losses.
Our Betting Guides
Mobile Sports Betting
We know that most of you rarely have the time to sit at home and make bets online. However, as most things nowadays, sports betting is also available with a few taps on your smartphone. The majority of online sportsbooks either offer dedicated apps for Android and iOS devices or you can simply load the virtual bookie via the browser app of your device.
At SuperBettingSites, we pay attention to the mobile compatibility of each online sportsbook. This way, you can learn what types of bets you can make on the go, whether you can easily manage your balance and how convenient it is to place your wagers via your handheld device.
Many virtual sportsbooks will also offer generous bonuses and promotions to their members who bet on the move. What is more, some bookies might offer exclusive offers, available only to mobile punters. At SuperBettingSites, we always evaluate the perks you can enjoy both while betting on desktop and on mobile devices.
Sports Betting Banking Methods
From depositing in person at their bank to digital wallets, credit cards, vouchers, and cryptocurrencies, punters face plenty of deposit and cashout options at regulated online sportsbooks.
On this page, we at Super Betting Sites break down the most broadly available banking solutions. Our team accentuates their merits and weak spots to help you pick the ones that work best for you.
We pay attention to factors like efficiency, security, cost, availability, and speed. Spare yourself the trouble of researching on your own and go through our detailed payment-method reviews to make an informed choice when funding your sports betting account.










Bitcoin
Invented in 2008, Bitcoin is a decentralized cryptocurrency that has taken the online sports betting community by storm. Bitcoins are virtual coins punters can send over the internet to fund their sportsbook balance. This highly innovative solution offers numerous advantages compared to conventional payment methods.
A buyer can transfer some bitcoins directly to a seller with the help of peer-to-peer technology. This eliminates the necessity of having to use any intermediaries like banks or clearinghouses. Being decentralized, Bitcoin is not associated with any bank or financial institution. This way, punters can transfer funds to and from their betting accounts while retaining their full anonymity.
The fees for Bitcoin transactions are significantly lower, and you can use the method in any country without any prerequisites or arbitrary transfer limits. There are two ways for punters to obtain bitcoins – they can either mine them themselves via free applications called miners or purchase them at an exchange.
When you transfer some of your bitcoins to a sportsbook, an electronic signature is added. After a few moments, a miner authenticates your transaction and stores it in the blockchain network. Bitcoin is an open-source virtual currency, which means anyone on the blockchain can review the code.
Due to all these advantages, the number of online sportsbooks to accept Bitcoin is constantly on the rise. The method provides punters with more flexibility since it is available for both deposits and withdrawals. In essence, Bitcoin is changing the betting industry in the same way the World Wide Web did.(Visit Bitcoin sites)
PayPal
Punters looking for an easy-to-use, efficient, and swift payment method may want to consider trying PayPal. Founded in 1998, this is one of the oldest online payment systems in the world. Today, PayPal has more than 325 million users worldwide and is available at over 7 million businesses across 202 countries.
Considering all this, it is hardly surprising some of the world’s most renowned online sportsbooks have added the method to their cashiers. Punters looking to use this solution must first set up PayPal accounts in one of the 25 supported currencies. Once you register, you have to transfer some funds to your PayPal wallet to top up its balance.
The easiest way to do this is to link the e-wallet to your credit or debit card. British punters should keep in mind that connecting their e-wallets to credit cards is disallowed due to local gambling regulations. They can still utilize PayPal but will have to fund it via other methods, like bank transfers, for example.
Bettors can use any device they like to manage their sports betting balance with PayPal. The e-wallet is mobile-friendly and offers an intuitive app one can download for free from Google Play or the App Store. Payments with PayPal are easy as pie – you have to sign into your PayPal with your email and password when transferring money to or from your sportsbook balance.
As great as PayPal is, there are some disadvantages associated with using it for online betting purposes. PayPal is only available to bettors from regulated markets like Great Britain, Italy, Belgium, Denmark, and Sweden. Punters from the United States can also implement it but only in states where sports betting is legal and regulated, like New Jersey and Nevada.(Visit PayPal sites)
E-wallets
A growing number of sports betting enthusiasts prefer to make payments via e-wallets as deposits and withdrawals are carried out promptly and safely. Sports betting operators employ a variety of digital wallets, the most popular out of which are Neteller, Skrill, ecoPayz, PayPal, and WebMoney. Deposits are usually processed right away, while withdrawals take no longer than 48 hours.
The fee for currency conversion rarely goes over 4%, making digital wallets among the cheapest payment service providers that punters can use. Talking about currencies, we cannot help but mention that some of the bigger e-wallets such as Skrill, Neteller, and PayPal are available in many countries. One of the biggest advantages of using digital wallets is that they support both deposits and withdrawals. In other words, punters do not have to select an alternative method for cashing out funds.
Using an e-wallet to top up your betting balance is extremely easy. Punters have to first set up an account with a preferred digital wallet and upload funds to it. To do so, they can use their debit/credit cards, prepaid vouchers, bank transfers, etc. Some countries such as the UK introduced a ban on casino payments via credit cards that extends to e-wallets.
Another important thing to mention is that e-wallets feature minimum and maximum limits on deposits and withdrawals set by the specific sports betting operator. Punters who decide to use digital wallets are advised to pay attention to these limits and select the one that corresponds to their needs.(Visit E-Wallets sites)
iDebit
iDebit is a trustworthy online payment solution that allows punters to transfer funds directly from their online banking accounts. Currently, this payment solution caters to the needs of Canadian sports betting fans who have a bank account with online banking at one of the supported banks, including Bank of Montreal, Canadian Imperial Bank of Commerce, Desjardins, National Bank, Royal Bank of Canada, Scotiabank, Simplii Financial, or TD Canada Trust.
Only individuals above 18 years old are allowed to use iDebit to upload funds to their betting accounts. Payments made via iDebit are bank-specific, meaning that withdrawals might take up to 5 business days. Deposits are usually carried out instantly, but a small fee of $1.5 is imposed on all payments from online banking.
Sports betting enthusiasts who would like to use iDebit to make a deposit can avoid the fee by making a payment directly from their iDebit accounts. The fee for transferring your winnings from your iDebit balance to your bank account is $2.
Punters do not have to set up an account when they upload funds via iDebit. On the other hand, to cash out your winnings via this payment solution, you will be required to create an account. Personal information is transmitted safely thanks to advanced 128-bit encryption technology. (Visit iDebit sites)
Skrill
Skrill is the world’s leader when it comes to sportsbooks payments. Hundreds of sports betting sites offer punters the opportunity to deposit or withdraw funds via this digital wallet. It supports 40 different currencies and is available in approximately 200 jurisdictions. Skrill users can have peace of mind that their information is in safe hands and it will not be revealed to the sportsbook operator they are betting with.
To make a deposit via Skrill, bettors need to open a Skrill account and fund it with real cash via bank cards, bank transfers, banking platforms, etc. Funding your Skrill account will cost you 1% of the amount of your deposit. Punters will need to verify their accounts, which is a hassle-free process. Depending on the method you will use to top up your Skrill account, you might have to wait up to 5 business days.
Uploading funds to your sports betting account via Skrill takes just a few minutes. Skrill supports not only deposits but also withdrawals. Provided that you wish to pull out your sports betting winnings via Skrill, you should know that the money will appear in your account within 24 hours after the sportsbook you are punting with approves the payout request. (Visit Skrill sites)
Apple Pay
Some virtual sportsbooks allow iOS users to handle their payments online using the service of Apple Pay. This is a solution that allows fast and secure transactions that can be easily managed through your iPhone, iPad, Apple Watch, or Mac device. The service of Apple Pay can be compared to an e-wallet, which allows fast online payments that do not require exposing any type of sensitive information.
As this is a popular payment solution among iOS users, more virtual sportsbooks have started supporting the service. Chances are, punters can easily find trustworthy interactive casinos that will allow them to top up their accounts via Apple Pay. Before you can use the service, however, you will need to create your account via the Wallet app on your iOS device. To use this solution for your online sportsbook payments, you will need to save the details of your credit/debit card to your Apple Pay account. Some iOS devices allow you to add your cards to the Wallet app by simply scanning them with the camera.
Apple Pay allows you to make fast and secure deposits at online sportsbooks. Every payment requires verification either via the Touch ID or Face ID feature of your device. This adds another layer of protection to your online betting payments. Deposits via this service are instant and do not impose any surcharges. The one downfall of the method, however, is that it cannot be used for withdrawals from online sportsbooks.(Visit ApplePay sites)
Bank Transfer
Hardly there is another payment solution punters are more familiar with than bank transfer. It continues to rank exceptionally high on the list of the payment processors sports bettors prefer using while carrying out their deposits or cashouts, and there is a good explanation why. Bank transfer is still a well-liked means of payment because it allows players to move larger sums to and from their betting accounts, it is exceptionally reliable, and most importantly, no middleman is needed for the completion of the transaction.
The wide limits of the amounts punters can upload and take off the preferred betting site is what renders bank transfer a payment method, which works equally well for high-rollers and small-stakes punters. No matter the direction of the payment, it will be wrapped up between two banks, which translates into some exceptionally high security levels.
It is an easy-to-use payment method, and most importantly, it will be at hand for all fans of betting on sports who have a bank account. There is no need to open and maintain separate accounts, which makes the transfer of funds even more hassle-free.
As this is one of the most commonly used payment methods, sports bettors can expect to see it on the banking pages of the majority of the virtual bookies. This leaves punters with plenty of options to select from if they insist on managing their funds through bank transfer.(Visit Direct Bank Transfer sites)
Neosurf
Virtual punters will often be able to top up their online sportsbook accounts via prepaid vouchers by Neosurf. This service enables bettors to instantly deposit to their accounts and share no type of sensitive information during the payment process. This makes Neosurf an extremely safe option that many prefer.
Every Neosurf prepaid voucher has a specific 10-digit PIN, which must be used by punters when they wish to deposit into their betting balance. In fact, that is the only type of information that is required to be shared when you initiate the payment at a virtual sportsbook.
Typically, deposits via Neosurf are processed instantly, allowing punters to bet on their favorite sporting events right away. What is more, usually, deposits carried out via Neosurf do not levy any fees from the online sportsbooks.
Prepaid vouchers by Neosurf can be purchased online from the official website of the payment service. In addition to using the 10-digit PINs for deposits at online bookies, bettors can also open a myNeosurf account and use the service as an e-wallet. It is possible to upload the vouchers you have purchased to your Neosurf account or you can upload funds via your credit/debit card or another payment solution.
To make online sportsbook payments even more convenient, Neosurfs offers a dedicated app. It allows punters to handle their prepaid vouchers and Neosurf accounts on the go, enabling mobile bettors to initiate deposits no matter where they go. One disadvantage of this service, however, is that Neosurf is available only as a deposit option.(Visit Neosurf sites)
Paysafecard
As betting on sports gains even greater popularity, punters are invariably on the lookout for a payment method, which allows them to handle their funds in a stress-free and quick fashion. The prepaid Paysafecard vouchers are a payment solution punters lean towards using because of their safety levels, cost-effectiveness, and promptness.
Sports bettors might be impressed by how easy it is to purchase and use the prepaid Paysafecard voucher as all it takes to funnels funds into their account is to key in its unique code. No banking information is needed in order for punters to add funds into their accounts. Additionally, the privacy of the payments is also guaranteed, and no information on punters’ top-ins will be left out.
One of the greatest benefits of using this payment method while betting on sports over the Internet is that punters will get to choose between a handful of denominations and currencies. Sports bettors will have the chance to get their funds online in a matter of a few seconds, and thus to start betting without any ado.
In spite of the fact that Paysafecard is available exclusively for top-ins, it still poses as one of the most commonly used payment solutions.(Visit Paysafecard sites)
Prepaid Card
Most respectable online sportsbooks support prepaid card payments, allowing betting enthusiasts to safely top up their accounts. Depending on the country of their residence, punters might have access to different prepaid card services. No matter the option is available to you, you can expect fast, secure, and hassle-free payments.
The most common prepaid card solutions that can be utilized at online sportsbooks include Paysafecard, Neosurf, as well as prepaid cards powered by Visa or Mastercard. They will allow bettors to instantly deposit into their sports betting accounts and place their favorite bets whenever they are in the mood for some wagers.
In addition to the speed of deposits via prepaid cards, another great advantage of this type of payment solution is the security it provides. Since prepaid cards do not require providing any type of personal or banking information, you do not need to worry about unauthorized individuals taking advantage of the data that you share during your sportsbook transactions.
Most online sportsbooks will not impose any fees for deposits via prepaid cards, making this payment solution a budget-friendly deposit option bettors can use online. One disadvantage that is often related to using prepaid cards at online sportsbooks is that they are not available for withdrawals. This being said, some betting sites will allow punters who have Paysafecard accounts to use the service as an e-wallet and withdraw their winnings in a fast and secure manner.(Visit Prepaid Card sites)
Types of Promotions at Online Sportsbooks
One of the best ways to make the most out of your time at an interactive sportsbook is to claim some of the bonuses that are often presented to punters. There are different types of promotions that one can enjoy while betting online and we, at SuperBettingSites, will make sure to inform you which offers are great and which ones you should avoid. Depending on your status, you can often enjoy promotions for newcomers or be rewarded for being a loyal member of the sportsbook.
No Deposit Bonuses
No deposit bonuses are not as common as they used to be but some online sportsbooks allow their new patrons to enjoy free betting bonuses without having to upload any real money to their newly opened account.
Although such promotions may sound very tempting, often they may be very deceiving as the wagering requirements that apply to them are hard to be met. At SuperBettingSites, we are always diligent about reviewing the different bonuses that virtual sportsbooks offer. This is why we will let you know if a Free Bet promotion requires you to wager amount that is way too big before you can cash out your winnings.
If we do come across a Free Bet offer that sounds generous and is beneficial for your online betting, we will not miss the chance to let you know. In the meanwhile, you might take a look at the other incentives that sportsbooks are offering.
Match Deposit Bonuses
When you are a new member of a virtual sportsbook, this is the most common type of offer you will be able to redeem. It simply requires you to deposit a certain minimum for the first time, which will make you eligible to receive a bonus that will match your deposit with a specific percentage.
The percentage of the bonus will range between different virtual bookies and so will the minimum deposit that will unlock it. Make sure to always read carefully the terms and conditions that apply to the offer, before you go ahead and claim it.
While matched bonuses are common for the new members of a sportsbook, sometimes such offers may be available to regular punters. Although the idea of having extra money to bet with may sound tempting, you should also keep in mind that, more often than not, such bonuses come with wagering requirements.
Before punters are allowed to cash out their bonus or the winnings they have accumulated thanks to it, they will have to wager the amount of their bonus a certain number of times. We want to warn you that some virtual sportsbooks also include your qualifying deposit in the sum that needs to be wagered prior to bonus withdrawal. We recommend you to avoid such offers, as they are rarely beneficial for punters.
Enhanced Odds on Specific Sporting Events
Some virtual bookies will actually allow you to enjoy better winnings on your first-ever successful sporting bet. Enhanced odds are often offered instead of a match bonus and many punters enjoy this type of promotion.
As an encouragement to continue betting online, some virtual sportsbooks also offer daily price boosts which can be very beneficial for fans of sports betting. Since often such deals have pretty good terms and conditions, many punters enjoy making use of enhanced odds.
While the terms for such offers may differ according to the specific sportsbook, usually enhanced odds promotions will have a set maximum for the bet you can place. It can be somewhere around $10 but there are some online sportsbooks that have set the limit to as low as $1. Often when this offer is available only to new punters, they will receive their winnings in the form of free bets. Regular sportsbook members, however, will most likely be able to enjoy their winnings from enhanced odds right away.
How to Pick the Best Online Sportsbook
Now that we have presented readers with basic information on legalities, betting options, and odds, we shall proceed by listing a few of the traits they should look for when choosing an online sportsbook. There are hundreds upon hundreds of websites that would accept wagers on sports but the unfortunate reality is that some of them simply cannot be trusted. SuperBettingsites will help you to determine whether a sportsbook is reliable and you will simply need to look for the qualities listed below.
Versatile Markets
A broad range of options is always a good sign for a sports bettor. When selecting where to place your bets, you should ensure you choose a bookmaker with comprehensive coverage of both popular and smaller events for the sports you are interested in. You can take a look at the sportsbooks the experts of SuperBettingSites have covered and learn where you can enjoy the best odds on major sporting events, as well as, some less popular options.
Remember some of the sports may not be listed among the available options because they are not in season at the present moment. You can make sure if these are available or not by contacting the sportsbook’s customer service team. It is always a good thing to have options even if you currently do not intend to bet on a given sport – you may have a change of heart at a later stage.
Competitive Odds
There is one thing all good punters have in common and it is shopping the lines. A reliable sportsbook would acknowledge that if it wants to stay in business, it needs to keep its customers happy and one way to achieve this would be by offering them better odds than the competition. Do not settle for a sports betting site where the odds are poorer than normal as this would cost you over the long run. We recommend that you do good research before you start betting online and compare the odds that different sportsbooks are offering.
Software and Interface
When choosing where to place your bets, you need to ensure the software your online sportsbook uses is robust enough to guarantee you a seamless experience, but compatibility should also be taken into consideration. Some of the biggest names in the online sports betting industry, like bet365, have developed their own platforms running on proprietary software. Others would prefer to use the software of third parties.
We recommend you to rely on sportsbooks that use the high-quality sports betting software of innovative companies that include Geneity Limited which is a subsidiary of Playtech’s alongside OpenBet, Betradar, and 2DB. The optimal solution would be for you to choose a sportsbook that supports multiple languages and currencies and is compatible with a broader range of desktop and mobile devices.
The interface a sportsbook uses is of equal importance. It should be intuitive enough to allow for quick and straightforward navigation. While hunting for a good sportsbook, you should be on the look-out for websites that display the odds in the format you are accustomed to. The most trusted bookmakers on the web will support all three popular formats – the moneyline, fractions, and decimals.
Promotions
Good odds are one way to make more money from sports betting but there is yet another way to get more value when you are wagering online and it is by taking part in the promotional incentives hosted by your online bookie. A reputable sportsbook would host a greater variety of such incentives as a means to reward its punters for their patronage. It is always a good idea to check what bonuses different bookmakers offer and choose the website with the best offers.
Some of the bonuses that are commonly available include free bets, sign-up deposit matches, reload bonuses on following deposits, and cashbacks. At SuperBettingsites, we always make sure to let you know about the different promotions available at online sportsbooks and the terms that apply to them. This way, you will be able to decide where you can enjoy the best offers and revel in a lucrative online betting.
Broad Cashier Options
For punters to be able to wager at an online sportsbook, they need to register and transfer some funds into their accounts. Of course, it is of equal importance for them to be able to cash out their winnings and do so in the quickest manner possible. Therefore, it is of essential importance to find a sports betting site that allows for quick and fee-free deposits and offers you fast payout speeds.
Withdrawals from online sportsbooks typically require a specific amount of time to process and the funds that punters cash out remain pending in their balance until the transfer is vetted. Check the processing times of the sportsbooks you are interested in and choose the sites with the shortest time frames. If you are interested in the way different payment options work, you can take a look at the banking solutions the experts of SuperBettingSites have covered. This way, you will be able to choose the option that is most suitable for you and will allow you smooth payments online.
The commonly accepted methods at online sportsbooks include credit or debit cards, digital wallets like PayPal, ecoPayz, Skrill, and Neteller, prepaid cards by Entropay and Paysafecard, Bitcoin, and bank transfers.
Customer Care
Another way to evaluate the reliability of an online sportsbook is the level of customer care it demonstrates. Aim for sportsbooks that provide you with different means of contacting them. The availability of a live chat feature is extremely important, especially when you encounter a problem and need to have it solved quickly.
The support staff at trusted sportsbooks would be available at all times of day or night and would respond to punters’ queries in a professional and courteous manner. Trusted sports betting sites would usually offer support in several different languages so that non-English speaking punters can easily communicate their issues to the staff. Any haughty remarks or unprofessional behavior should be treated as warning signs – avoid sports betting websites whose support does not show the necessary level of respect towards customers.
Trustworthiness
We have put this trait in the last place but it is the most important thing you need to look for. Always make sure you place your bets at sportsbooks that operate under a valid license as this will prevent you from becoming a victim of scams. The professional reviewers of SuperBettingSites will always let you know where a certain sportsbook operator is licensed. This way, you can be sure whether you can trust the website where you are about to make sports bets online. A valid license ensures you are wagering on a trustworthy website that guarantees you a safe betting environment. The licenses that hold the biggest weight are the ones issued by the regulators from Malta, Gibraltar, the UK, the Isle of Man, and Alderney.
If you lack the experience to sieve out the reliable betting sites from the bad seeds out there, you can easily check the reviews we publish on SuperBettingSites.com. Each of these is carefully vetted by us and has the seal of approval of a reputable licensing authority.
The Rules Smart Punters Follow
Luck plays a part in all forms of gambling and sports betting is not an exception to this rule. However, this is one of the few forms of gambling where the bettor can win consistently and overcome the bookmakers’ vig by implementing a proper approach into their sports betting. Here are a few quick rules smart punters follow that will get you started:
- Build a separate bankroll for sports betting and never resort to using money you cannot afford to part with
- Do your own “bookkeeping” and keep track of all bets you place, regardless of their outcome
- Do not succumb to your emotions – a smart punter always remains rational
- Shop the lines for the best odds that give you good value
- Narrow down your bets to specific markets and specialize in specific areas
- Avoid betting progressions like the Martingale, these are inherently flawed and applying them can lead to financial ruin
- Take the time to do a research on teams and sportsmen’s form and performance in previous events. Injuries are a major warning sign for experienced punters
Is Online Sports Betting Right for You?
The truth of the matter is no one can answer this question more accurately than you can. Yet, there are several things that can be used as indicators to tell whether or not sports betting is an activity you should get involved into.
If you are uncomfortable with losing money, sports betting (and gambling in general) is not for you. A certain amount of risk is always involved when one gambles and if you are unwilling to come to terms with this, it would be foolish of you to bet on sports, or on anything else for that matter. Otherwise, you risk getting sucked into the vicious cycle of chasing your losses and this never ends well.
In order for a punter to win on a consistent basis, it is necessary for them to do their homework and invest some time into researching the teams or players they plan to back. This helps you make informed decisions with your bets and if you are reluctant to invest the needed time and efforts, you will be better off finding another hobby.
Ask yourself do you possess the necessary level of discipline that is needed to exercise proper money management. If not, your sports betting will almost certainly become an unprofitable venture that is doomed to failure sooner or later.
FAQ
Is it legal to wager on sporting events online?
This depends entirely on your country of residence since interactive betting laws vastly differ from one jurisdiction to another. Some jurisdictions have legalized online betting and would regulate their markets very rigorously while others have outlawed such activities altogether. Also, there are countries that are considered “grey zones” where online gambling is legal but local licenses are rarely granted to offshore operators. The latter may choose to continue servicing punters from such countries under the regulations of other jurisdictions.
Which are the best sports to bet on?
Choosing the sports you bet on is entirely up to you. Sports that work for one punter may not be suitable for another. As a general rule, you should concentrate on the sports you specialize in, i.e. the ones you are the most competent about. At the end of the day, it all comes down to personal preferences but try your best to avoid experimenting with sports you know nothing about just because you are bored.
How big should my sports betting bankroll be?
This depends on whether you are betting recreationally or aspire to become a serious punter. If you are betting for recreational purposes only, you can wager as little as you wish since many online bookmakers would accept very low minimum bets. There is no need to risk substantial amounts of money just to entertain yourself. However, if you intend to make online sports betting a source of income, you should consider building a bankroll that is big enough.
Which online bookmakers offer competitive odds?
This is a tough one to answer since there are hundreds of sportsbooks on the web. Finding one that offers you good value is very difficult considering the vast choice of options but the efforts are worth it – betting at competitive odds is an overriding factor when selecting a sportsbook. The sports betting operators we have reviewed on SuperBettingSites.com are known to offer good value to punters, so we suggest you check them out and compare them.