In times when everything is slowly moving online, so does sports betting. Times of waiting in lines to create your betting slip just in time before the game is over. Nowadays, you can bet whenever you want within just a few minutes. Also, all the results are immediately available when the matches finish.
Naturally, as sports betting sites offer many conveniences, lots of Brazilian bettors have gone online. There is a huge selection of sports betting sites in Brazil but it can cause some sweet doubts, such as which sports betting site to choose.
In further text, find out more about the best sports betting sites in Brazil for 2023, as well as their conveniences, best bonuses, how to choose them, and much more.
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Quick Jump
Is Online Sports Betting Legal in Brazil?
Online sports betting is legal in Brazil, although it is quite unregulated. New regulations will take place soon and Brazilian bettors need to be up-to-date.
Sports betting has been banned in Brazil since 1946. However, despite the prohibitive legislation, betting never ceased to take place, initially, in illegal stalls and, more recently, through the internet, in specialized websites, based in territories where there is no “fence”. In fact, millions of Brazilians place virtual sports bets every day, for many years, moving billions. Brazil, aware of the global changes and the damage resulting from the non-regulation of such a market, enacted a law in December 2018.
“Fixed-odds” bets are those in which the bettor, when pointing out the outcome of the sporting event, is already aware of the prize he may receive for the result. As legally established, the fixed-odds lottery must refer to real sports-themed events and will be a public service exclusively owned by the Union, whose exploitation will be “authorized or granted” by the Ministry of Economy in a competitive environment.
However, although in force, the legal diploma still lacks regulation. Because of this, precisely as a result of the nature of a “public service” conferred on fixed-odds sports betting by the law, it may be extended for a further two years. Problems relating to bettors (among others, issues related to pathological gambling and betting by minors) will not be addressed and three problems inherent to the betting market and sports will be highlighted – tax evasion; money laundering, and manipulation of sporting events results.
As has already been reported, the performance of sports betting is a criminal misdemeanor typified in the Brazilian legal system. However, online bookmakers based in countries where the practice is allowed (such as Gibraltar, Costa Rica, Curaçao, and Malta) operate freely in Brazil. As, in practice, the bet is only placed when the data is received on the server based on international soil, bets placed in a foreign territory are not subject to the application of national prohibitive legislation.
And, thus, the first problem that occurs to be minimized with the regulation of Law No. 13,756/2018: tax evasion. This is because, through this legal loophole that makes sports betting a reality decoupled from regulation, approximately R$2.7 billion in possible taxes are not collected annually.
Through the regulation of Law No. 13,756/2018, tax revenue from the betting market will come from (i) operators, who, by acting in a lawful and regulated manner, will generate jobs and income susceptible to taxation; (ii) the proceeds from the collection of the fixed-odds lottery, which will be allocated to social security, public security, education and sports; and (iii) the betting prizes themselves, which, as already provided for in the legal text, will be subject to IRPF.
Since the publication of the legal diploma in question, several specialized entities have been
carrying out studies and projections regarding the future Brazilian sports betting market. In this context, it is projected that the Brazilian sports betting market can reach USD 1.56 billion annually. Therefore, given the numbers already known and those tended, it appears that the tax collection resulting from the regulation of the Brazilian betting market will represent a relevant source of revenue for the State, moving away (or reducing) the tax evasion that currently exists in the sector.
As has already been pointed out, values of figures in billions circulate worldwide in betting stands. Such amounts are transacted absolutely quickly and, many times, without adequate supervision. For this reason, the sports betting market has attracted criminal organizations that use it as a means of laundering money, the second problem inherent to the sports betting market in Brazil.
Evidently, the risk of using the sports betting market for money laundering is increased in a scenario in which betting takes place in an unregulated manner. For this reason, it is relevant that the regulatory decree of Law No. 13,756/2018 provides for mechanisms to prevent money laundering.
A simple search on the internet is enough to realize that there are dozens of sports betting houses available for bettors in Brazil. That’s why choosing a bookmaker to play games can be challenging. Here are the main things to pay attention to.
The first item is the bookmaker’s safety and reliability; after all, when it comes to investing money in a virtual environment, care is needed!
To understand if a bookmaker is reliable, check if the brand has a license to operate, which is usually stated in the footer of the site. As we do not yet have a licensing agency in Brazil, it is common for agencies in Curaçao and Great Britain to be responsible for this release. The best bookmakers are those that follow strict security standards, such as having an operating license and data protection systems.
In addition, the design and functionality have an impact on a sports betting site in Brazil to be selected. After all, the more organized the online page is, the better it will be for the gambler’s experience.
The language presented on the betting sites is also an important point. This is because many housing options are not fully translated into Portuguese. The need for a platform in Portuguese lies in the understanding of game rules or bonus guidelines.
It is clear that the evaluation of bonuses could not be excluded from the criteria. This is because their presence is essential for most bettors to register on a platform. In bonuses, in addition to observing the value, the wagering requirements are also analyzed, that is, what needs to be done to guarantee a profit with the bonus.
Checking the bonus space to analyze what are the advantages that the bookmaker is offering to users is also indicated; in addition, welcome bonuses are interesting, but other types, for already registered users, are also important.
The best sports betting sites in Brazil are those that have a good variety of sports betting modalities. This item is important for two reasons: the first is to expand the possibilities for users, who have more freedom to choose between matches from Brazil and the world; the second is to balance the odds.
Often, a sporting event that has an “obvious” result does not present interesting odds. With more possibilities for sports betting, the house is able to monitor the indices to make everything more attractive to everyone. So, it is important to know that each bookmaker has a different catalog of sports and, in common among all platforms, popular sports, such as football, but not so well-known modalities are not always present on all pages.
Thus, these are the main criteria that more experienced punters observe before entering a bookmaker’s site. The tip is always to do research before registering. In the same way that the user who uses Pix must check if the method is available, it is necessary to check if the preferred method of payment is in the sports betting catalog of a website.
Once the best sports betting houses are chosen according to the bettor’s preference, it is necessary to create a registration to start playing and, in this case, there are also some tips to follow.
In Brazil, only people over 18 can register at sports betting houses or casinos. So if anyone is under 18, they should still wait to start playing.
To register on a website, simply locate the “Register” or “Sign up” button, normally present in the top menu of the platform. In this space, personal data are registered and, in some cases, the chosen bonus or the welcome bonus code will be identified.
Not all bookmakers ask for a complete registration in this first step. However, it is recommended that, in these cases, the user enters the other information in their profile as soon as they complete the process. This is because there are bonuses that are only released upon complete registration.
In some bookmakers, when requesting your first withdrawal — via Pix, pay4fun or skrill — you need to present your personal documents. This is a security step, being done by sending photos of these documents.
The following are the sports that are usually always present in the best sports betting sites in Brazil:
Naturally, not all of them are always present at every sports betting site in Brazil, therefore you must carefully choose the site in order to bet on your favorite sport. But the most popular sports to bet on in Brazil are:
There are different types of bets in Brazil but the most common types of bets are singles, combinations, and crosses.
A bet placed on a single outcome in a sports event. It is the simplest and most straightforward type of bet.
Also known as accumulator bets, these involve betting on a series of selections. To win, all selections must be correct.
Bets placed on a specific statistical crossover in a game, such as a player scoring a certain number of goals and the total number of goals in a match.
A wager on whether the total number of points or goals scored by both teams will be over or under a specified number set by the bookmaker.
A bet where you predict the exact final score of a match, offering high odds due to its difficulty.
Every sports betting site in Brazil will offer certain bonuses and promotions to their new and existing players. These can be used for a better betting experience. The following is a list and a short description of what are the most common bonuses and promotions in Brazil.
A bonus provided to new bettors when they first register with a betting site. Typically includes free bets or a matched bet based on their first deposit.
A bonus awarded to new bettors without any initial deposit requirement. This can be in the form of a free bet or bonus credit for betting.
A bonus that offers a certain number of free bets based on various criteria like deposit amount, betting patterns, or promotional offers.
A bonus tailored for VIP bettors with unique perks and benefits. Perks might include personal account managers, exclusive betting offers, and faster withdrawal options.
What Is the Best Payment Option for Brazilian Players?
Due to legality problems in Brazil, the best way is to use e-Wallets. Yes, they pull some fees with them but they are safe, secure, and instant. Another option recommended is the cryptocurrency market but not a lot of sports betting sites in Brazil will offer such options.
There are many banking options in Brazil when it comes to depositing and withdrawing money to and from betting sites. Remember to check your availability at the bookmaker of your choice.
Not all betting sites provide these modalities for the Brazilian public – as is the case with Boleto Bancário.
These are the most popular and common banking options in sports betting sites in Brazil.
So far, gambling is illegal in Brazil but will soon become legal.
Gambling online in Brazil is safe when done with utmost precautions, such as going to legal and licensed sites and the use of VPN.
Betting on sports online in Brazil is safe when done with utmost precautions, such as going for legal and licensed sites and the use of VPN.
The state does not set any limits therefore only the casino and banking options will make such limits, and they depend individually.
Right now, as betting is still illegal, you don’t have to pay taxes nor report winnings (apart from lotto and horse racing). As all forms of gambling should soon be legal, the situation will likely change.
Choosing fast banking options will determine how long the processing times will last. It can be from minutes to days, depending on payment options.
The best sports betting site will be the one that fulfills your needs. Make sure to always go for reputable and certified betting sites (safety comes first), and then look for other perks, such as good bonuses, customer support in Portuguese, etc.
Brazil is full of foreign betting sites and therefore a selection of sports to bet on will be immense. You can always find popular sports such as football, basketball, tennis, but also less popular ones like darts, snooker, and eSports.
Being the land of football, it is only natural that football is the sport most bet on in Brazil.
Since bookmakers in Brazil are all foreign ones, several different betting odds can be found – those are decimal, fractional, and American odds. Decimals are the most common ones.
Some bookmakers in Brazil will offer free bets as part of bonuses and promotions.
You can either claim it simply by registering or upon the first deposit. Some betting sites will ask for special codes, although these are slowly disappearing.
Brazilian bettors who experience gambling addiction can send an email to [email protected] or call 0800 810 8181. Visiting a local psychiatrist is also a good option.
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