Gambling is big in the Philippines and sports betting is hugely popular. Filipinos developed their love of betting at the beginning of the 17th century when cockfighting was popular. Nowadays, Filipinos love online gambling, and sports gambling is a big part of that.
Though gambling online is both profitable and popular in the Philippines, there are confusing laws that lack clarity. Typically, this works out well for Filipinos, as they’re able to access lots of online sports betting sites. As a result, the popularity of sports betting online Philippines is seeing huge growth, and there are lots of new sites emerging each year.
In this online sports betting Philippines review, we’ll take you through all you need to know to understand and enjoy online sports betting in the Philippines.
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Is Online Betting Legal in the Philippines?
As mentioned above, there are confusing laws surrounding online betting in the Philippines. Sports betting online, casinos, poker, and lotteries are only legal for certain situations for Filipinos. For example, residents in the Cagayan region are not allowed to pursue online gambling. Foreigners in this region, however, are authorized to do so.
PAGCOR (the Philippine Amusement and Gambling Corporation) oversees all online gambling outside of the Cagayan region. Therefore, despite betting being legal, residents of these areas are not permitted to use online betting sites from their home addresses. Instead, residents must head to a betting outlet specifically run by PAGCOR.
However, just to add to the confusion, the Presidential Act responsible for the creation of PAGCOR doesn’t ban casinos based in foreign countries, and Filipinos can use these too. Therefore, this is why many online sports betting websites can take bets from Philippine citizens.
What Is Philippine Sports Betting?
In simple terms, sports betting means a player predicts the outcome of a named sporting event. Bets and events are variable. There are lots of online betting games to enjoy. For example, players might bet on which team will win the World Cup or they might try and predict the score of an international basketball game.
Whenever a person makes a prediction, they will typically put down a real money bet. If the prediction is proved to be true, they will win a specific amount depending on the odds. Sport betting has lots of different options and bet types are often based on a specific league or sport. You might, for instance, see different types of bets in boxing compared to the NBAs.
As discussed, there are many offshore sports betting opportunities for residents of the Philippines. Sports available include:
- American football
- Martial arts
- Horse racing
- Car racing
- Virtual sports
- The Olympics
There are literally hundreds of betting lines available through different online sportsbooks. Betting is pretty simple with players using a Bet Slip to keep track of all of the different bets they make. Whenever a player clicks on a betting line, this Bet Slip pops up! The majority of Bet Slips indicate a predicted winnings amount if the wager is successful.
With offshore sportsbooks, there are lots of different wagers, including point spread bets, futures, props, teasers, parlays, totals (over/under), pleasers, and money line bets.
There are different payout levels and rules for each type of wagering. When the risk is higher, so is the payout level.
People who are new to betting should be encouraged to use prop bets or point spread bets before trying some of the riskier wagers like teasers, futures, and parlays. With prop bets, players have lots of chances to make money because there are so many different bets available.
Different Types of Sports Bets in the Philippines
|Free Bets||Not to be confused with a risk-free bet, a free bet is separate to your first wager. Some of the best sports betting sites Philippines will simply give you a free bet just for signing up. Other sites offer them in other promotions for existing customers too.|
|Refund Bets||A refund bet is often offered to new players to get them interested in the exhilaration of online sports betting. With a refund bet, you can play any game safe in the knowledge that your bet will be refunded if you don’t win.|
|Risk-Free Bets||You’ll see these offered to people who make their first bet with the sportsbook. If their first bet isn’t successful, the site will credit the player with a “risk-free bet” bonus equal to their first wager amount. For example, if you had wagered $20 for Team X to beat Team Y and Team Y won, you’d get a $20 “risk-free bet” in return. If you won the wager, you won’t get anything extra other than your payout. This means that your original bet is “risk-free”. It’s worth checking wagering requirements for these risk-free bets, though.|
How to Bet – Guide For Beginners
The reason so many people love sports betting is that you get the best of both worlds – the excitement of gambling and the enjoyment of sports. If you love both of these, sports betting ticks all the boxes.
Follow these straightforward steps to start betting on sports online:
- Find a sportsbook online and register to create your account. For Filipinos, it’s important to verify that this is an online sportsbook or casino that is licensed offshore and that it accepts players from the Philippines for real money bets. There’s also the option to bet offline by visiting a PAGCOR (Philippine Amusement and Gaming Corporation) shop, where you can bet in person. However, as this is an online betting Philippines guide, we’ll concentrate on online betting sites.
- When you have created an account, you can visit the sports betting area of the website and look for a sporting event that appeals to you. Again, it’s a good idea to be familiar with the sports you want to bet on. For example, if you’re going to place a bet on the tennis Grand Slam, you’ll need to know enough about the game, its top players and their standings if you have any chance of making an informed bet.
- Look at the different bets available and the odds they’re showing. Later on in this guide, we’ll talk you through the different types of odds to help you better understand what you’re betting on and how it works.
- Select the bet you want to do and choose your stake.
- If you’re happy with your choices, click on ‘submit’ and your bet will be active. You’ll be able to see if you were a success once the sporting event has concluded.
Online Betting Types of Philippines Sportsbook
Nowadays, you can place whatever sports bets you want no matter where you are, thanks to the power of online betting! Betting websites and apps have opened up incredible possibilities for everyone. That’s why they are so popular in Philippines!
Types of Sports Betting Odds
Sports betting odds can differ depending on what online betting site you use. It’s worth noting that how sports odds are written doesn’t determine the payouts; they are just different ways of presenting the same information. Let’s look at some examples of each type of odds. Also, CasinoHEX Philippines prepared the guide on how to calculate sports betting odds. Generally speaking, there are three different types of betting odds. These are:
Also known as Moneyline odds. American, or Moneyline odds, are a number that has a plus or a minus in front of it, e.g. +180. The plus or minus indicates either how much a person needs to wager in order to win $100 or how much you would win for each $100 staked. Let’s look at a specific example to help understand how American odds work. Say you look at some odds and you see:
The plus in front of the Y Team odds means that they’ll be the match underdogs. If you wager $100 for Y Team, you’ll receive $130 plus your original wager. If you wager $10, you’ll get back $23 – your original $10 wager and your $13 winnings. The minus in front of X Team odds means they are the match favorites. If you bet $150, you’ll receive $100 back. If you wager $10, you’ll get back $16 – your original $10 wager, plus a $6 profit.
They are written, believe it or not, as a fraction. These odds are used in Great Britain. As far as fractional odds go, these represent the ratio of the winnings to the stake. Fractional odds examples:
These are typically used more in Europe and, as their name suggests, are written as decimals. Decimal odds, on the other hand, represent how much a person will win for each $1 bet. Decimal odds examples:
How to Choose Reliable Online Betting Site or App
There are many sportsbooks open to Filipinos. The most popular sports to bet on are football and basketball, but Filipinos can bet on any sport they fancy. First of all, given the strict (and confusing!) laws surrounding sports betting in the Philippines, it’s also best to make sure any site or app you use is legitimate.
As well as making sure the site has the correct offshore licenses for the Philippines, you should look at a number of other things before you make your final choice. Pay attention to the bonuses, promotions, offering, and customer support.
Types of Bonuses Available
As far as bonuses go, if they offer welcome bonuses, deposit bonuses, or free bets, you might be on to a winner. Often, you can trust online sportsbooks offering free bets because they’re trying to build your confidence so that you play online gambling real money casinos. Look out for matched bonuses that offer 100% of your initial bet.
Odds and Markets
Another thing to look out for is what sports events and sports betting the sportsbook offers. For example, if you’re really into golf, you’ll need to look for a sportsbook that allows betting on golf. Compare the odds and offerings between a few different sites to see what deals there are and which one gives you the best value for money.
There’s no point signing up to a sportsbook to find out it doesn’t offer online casino Philippines Paypal and that’s your preferred payment method! Before you choose which online betting site to use, take a look at your options for making deposits and withdrawals. Also, look at the withdrawal times for different payment methods. If it’s important to you to get your money out quickly, you’ll need to go to a site that offers this.
Safety and Security
Both your money and your data are very important. Always choose a site that is open about its security measures and safety. If the site uses SSL encryption, you’ll know you’re in safe hands as this is what is used by banks and financial institutions.
Even if you intend to bet from your PC, make sure you choose a sportsbook that offers mobile betting. This will give you the freedom to be away from your computer when your bets are happening, and you’ll still be able to keep track of how you’re doing. Some online sportsbooks have an app while others just have a mobile-optimized webpage.
Also, see if the site offers live betting. For sports, live and in-play betting is really exciting as you can bet on results even when the match is in play. When you play with live betting, you’re right there in the center of all of the action and you can make quick decisions on your betting depending on what you see happening in the game.
You never know when you might need to contact customer support, and the variety in support between different sites is huge. Some sites have a live chat feature, which is a great way of getting an almost immediate response! Others have a phone number, online query form, or email address to get in touch. If there is no live chat or telephone number, you’ll typically wait up to twenty-four hours to get a response – though it can be much quicker depending on the site you’re using.
Sports Betting Bonuses Types
Sports betting sites offer lots of different bonuses and promotions. If you’re new to sports betting or online gambling Philippines, it might take a little while to get the hang of how each bonus and promotion work. To start with, it’s always important to read the terms and conditions for any promotion or bonus. Let’s take a look at some of the different bonuses you’ll come across on Philippine online sports betting.
The most common type is a welcome bonus is offered to new players that register with the site. There are often lots of strings attached to a welcome bonus in terms of wagering requirements. For example, a site might say you receive $1000 as a welcome bonus but if you read the terms and conditions, you’ll see that this has a 25x wagering requirement. In short, this means that you get $1 free for every $25 wagered – which isn’t a lot! Unfortunately, this means that if you want to get the full welcome bonus of $1000, you’ll have to play $25,000.
How to Make a Deposit at a Sportsbook in the Philippines
Your choice of online sportsbook should take into account your preferred payment methods. Generally speaking, sportsbooks in the Philippines will often take all major debit and credit cards, USD, bank transfers, money orders, and even cryptocurrencies like Bitcoin and Ethereum.
After creating an account on a site, you’ll be able to choose to upload funds, and there’ll often be different ways of doing so.
With lots of different sportsbook options in the Philippines, it can be difficult to know what to choose and where to begin. Players need to be wary of possible scams and read online reviews to check the legitimacy of a site. We hope this article can help you do this. We must also stress the importance of choosing only legitimate sportsbooks. Make sure that you do your research and look at what each platform has to offer together with its reputation before registering an account.
As you can see, sports betting in the Philippines is incredibly popular and you have some fantastic online platforms to choose from. Most sportsbooks will allow you to place bets on popular games that Philippine citizens enjoy like basketball, tennis, football, and boxing. You can also place numerous different bets on these sports. For example, with football, you can place bets on the overall outcome of the match, which team scores first, and even score predictions.
Is online sports betting legal in the Philippines?
- Yes, you can bet online legally in the Philippines. However, there are strict criteria depending on your area. For example, some areas require players to visit specific locations to bet on sports online, while others allow online sports betting with offshore casinos.
Which is the best online betting site for Filipinos?
- There are many great online betting sites available to Filipinos. One that comes recommended by many is 22Bet Philippines or 888 casino Philippines. Other popular ones are Betway and Sports Betting.
Do Bettors Have to Pay Taxes on their Winnings?
- This is something that is often discussed. Often, players don’t declare their gambling income and, therefore, don’t pay taxes. However, if audited, there could be legal problems. In the Philippines, there is the common misconception that lower gambling winnings amounts require no tax to be paid. Unfortunately, the information in the Philippine Tax Code is pretty vague too. Theoretically, anyone winning less than PHP 10,000 should pay 10%. On the other hand, anything above PHP 10,001 should be taxed at 20%. That said, there have not been any reports of people being found guilty of tax evasion.
How long does it take for Filipinos to get money from sportsbooks?
- Withdrawal times will depend on each individual sportsbook as well as the method of withdrawal. Typically, e-wallets pay out the quickest, while cards can take up to a week.
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