Chile is a large market for online sports betting and gaming. The Chilean public loves sports and bets on their favorite teams. In addition, the big players can withdraw significant sums of money from them.
But there is always the question for beginners and those who are looking to get started on how to know which is the best sports betting house and how to properly bet online.
In order to choose the best sports betting sites in Chile, you just have to follow some simple tips and basic recommendations. After that, the betting experience will be safe and fun, and some cash will surely increase your bank account. Read more about online sports betting in Chile here.
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Is Online Sports Betting Legal in Chile?
At the moment, gambling in general is legal but the online gambling market in Chile is unregulated, therefore Chilean bettors can access many foreign betting sites with ease. The bill will be introduced to fully legalize online sports betting in Chile and further protect the bettors.
Imposing rules for online betting in Chile so that national and foreign betting sites compete on equal terms, is the objective of the bill submitted by the Government to the Chamber of Deputies.
This will allow the legalization of an activity that is currently prohibited, but that is carried out without problems as it involves foreign platforms that operate on the Internet and even target Chilean consumers in particular. According to the Superintendency of Gaming Casinos (SCJ), from Chile you can access more than 900 online gaming sites (not all betting), a market that generates around US$ 150 million annually.
The regulation proposed by the project focuses specifically on online betting and not on internet games, whether or not they are gambling. What is sought is to regulate the operation of platforms that offer a capital gain or loss associated with the uncertain outcome of certain games, guaranteeing the public faith involved.
The idea is that national and foreign betting platforms will have to establish companies in Chile, and obtain licenses to operate and function under the regulation of the SCJ, which becomes the Superintendency of Casinos, Bets, and Games of Chance. These companies will have to pay a specific tax of 20% on the gross income they obtain. If these companies also operate in the sports sector, they will have to pay 2% of their gross income to the sports industry for which they work.
These resources will be allocated to the national governing federation of sport that serves as the basis for the respective object of the bet, or in the event that there is no national federation, to the Olympic Committee of Chile or the Paralympic Committee of Chile, according to appropriate. It will be the National Sports Institute that will define how these monies should be used.
It is estimated that some US$55 million per year could be collected in this way as people who bet will have to pay a 15% tax on their gross winnings. This tax will be paid each time the person withdraws funds from his account and will consider the prizes obtained less the total bets made. The amount will be withheld by the platform, which will pay it directly to the Treasury so that the bettor will not have to do any paperwork.
This industry, which is outside the regulatory framework, is going to have a new regulation consistent with the international standard. And the state is going to generate all the powers so that the superintendence can supervise faithful compliance with the contents of this regulation.
The regulations are also considered to promote responsible gaming, combat gambling addiction, and protect users. All the people who participate in the system will be able to claim in the superintendency against breaches of the companies.
As established by the project, in the event of non-compliance with the regulations, this body may even request the suspension of platform operations from telecommunications companies and operating companies of means of payment. You may also be required to remove advertising from an unauthorized platform.
Finding and choosing an online bookmaker can be a laborious task, and if you don’t have all the necessary information, it can also become a bit of a complicated mission.
First of all, the vast offer of online sports betting sites that exists today in Chile can be overwhelming for anyone. Therefore, it is normal that you do not know where to start. It is also important to note that before choosing a sports betting site, you should know which elements are the most important to take into account. Here are the main points:
Remember that you are going to deposit and maintain a balance with real money, so there is no doubt that safety is of utmost importance. Fortunately, determining if a bookmaker is trustworthy is not very difficult. You must choose a house that has a legitimate and current operating license for the region. Also, the bigger and more subscribers a bookmaker has in a particular country, the more reliable it is.
This point is important regardless if you are a beginner or an experienced bettor. The ease of use of the betting interface is a vital issue for your comfort, security, and agility when placing bets. Make sure you choose a bookmaker whose platform is intuitive and that you can use without scratching your head. This way your experience will be much more fun and exciting.
When it comes to customer service. Try to opt for sports betting houses that offer the option of customer service through direct chat and not just by email.
The welcome bonus and permanent promotions are great parameters to judge a sports betting site in Chile. The best sportsbooks offer convenient welcome bonuses, but with various earnings release requirements. Be very careful not to indulge in sensational or unreal-sounding bonuses.
The welcome bonus for sports betting is usually 100% on the first payment. Some bookmakers offer enhanced bonuses, up to 200%, which can give you an interesting advantage on your first bets.
On the other hand, permanent promotions are a great way to receive additional boosts on a constant basis, which increases your chances of winning more money on your bets.
The best online sports betting sites in Chile usually offer a good variety of payment methods: credit cards, virtual payment platforms, cryptocurrencies, direct transfers, box office payments, etc.
National or international credit cards are usually the most popular method, but if you don’t have one at the moment, check which virtual wallets they accept. The most used in Chile are PayPal, Skrill, Neteller, and Paysafecard.
In the case of online betting, variety is fun. Even though in Chile we place more emphasis on football betting than on other markets, it is important to have other options at hand. In fact, even within football, some bookmakers have greater coverage, that is, they offer you a greater number of soccer tournaments to bet on.
You can also see that they cover other interesting sports such as boxing, tennis, MMA, Formula 1, baseball, etc. It is also a good decision to check that the bookmaker allows you to bet on eSports and Virtual Sports, a market that is growing rapidly.
If you have a setback, question, or problem with your account, you will want to have an efficient customer service team that is available 24 hours a day. Remember that in this case, it is best to choose bookmakers that have Live Chat for user support, so you can solve your problems in a couple of minutes.
Once you have all this information, evaluating and choosing an online bookmaker is a much easier and faster job. Remember to keep these points in mind.
Making bets online is a very simple process that you will surely understand perfectly after reading the following information. Here is a brief step-by-step guide.
Before making any bet you must choose the place where you are going to make it. Always go with safe and reliable betting sites that will provide many options (as described above).
After you have found your favorite sports betting site in Chile where you wish to bet, it’s time to create an account. This takes a few minutes of your time and it’s a necessary step before being able to deposit money and bet on sports. You will need to provide personal and banking details and confirm your registration process by email.
Once you have an account with the bookmaker, it is time to choose the event you want to bet on. It can be football, tennis, or any other discipline that the sports betting site in Chile has to offer. Choose which sports catch your attention. The list is usually located on the left side of the screen.
Finally, you have to select the type of bet you are going to make and the amount you will put into play. Remember that you can choose between predicting the outcome or almost any other feature surrounding the selected event. If you guess right, you will have won!
Although Chile has a tradition in some very popular sports such as football and tennis, we must not forget that there are many fans of other sports such as rugby, baseball, ice hockey and, above all, basketball, which has a strong influence on the south of Chile with a very competitive league that usually fills the gyms where games are played.
Within the world of betting, there are different types of bets. As Chilean bettors love football and other ball sports, such as tennis and basketball, there are several bets that are quite common in Chile.
A bet where you predict the exact final score of a match, offering high odds due to its difficulty.
A straightforward bet where you pick the team or individual you think will win a particular event or match. It is one of the most common types of bets.
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 predicting the halftime and final match outcomes, offering higher payouts but being more challenging than single bets.
The betting bonuses are a great ally for the bettors in Chile. They can be presented in different formats: free bets, return of bets, or the bonus of a percentage of the deposit that has been made, etc. Here are the main types of betting bonuses that you can find in the different operators of the Chilean market.
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 that returns a percentage of a bettor's losses over a specified timeframe. This helps mitigate some of the risks associated with losing bets.
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.
What Is the Best Payment Option for Chilean Players?
As most of the options when it comes to online sports betting sites in Chile come from abroad, the most preferred method would be e-wallets. They are fast, safe, secure, and can be used at many sports betting sites around the world.
Cryptocurrencies are fantastic as well, although not many bookmakers offer such transfers. Lastly, bank transfers should become much more popular with the introduction of new betting laws and regulations.
In order to make sports bets online, you must, first of all, create a user account in one of the recommended sports betting sites in Chile. Then, you must make a deposit of money to be able to make your first bets and be able to take advantage of the welcome bonus.
Each of these portals offers you different options to make your money deposits, as well as the withdrawals of your prizes when you are lucky. This is an aspect that you must take into account when choosing where and how you want to bet.
Among the payment methods of sports betting sites in Chile, you can find several types:
In the following paragraphs we show you which are the most common forms of payment for the Chilean community:.
Land-based gambling is legal in Chile while online gambling is still unregulated. Be that as it may, it is not illegal to place bets online at foreign casinos and betting sites.
Gambling online is always safe when done at legal and certified houses, as well as with the use of a VPN.
Online sports betting is generally considered safe. There are many certified bookmakers who operate throughout the world and have great safety measures. Finding such reputable bookmakers in Chile is easy and always recommended.
As the laws regarding online betting are still unregulated, there are no deposit limits imposed to Chilean bettors. The only limits they can come across are either casino-based or imposed by banking methods.
Players from Chile do not have to report any winnings or pay taxes. If the new regulations come to place, the betting sites will have to pay the tax which will be generated from players’ winnings.
The processing time required before withdrawing money depends on both the bookmaker and the banking option. While most bookmakers offer instant withdrawals, some require 24 hours. In addition, the selection of banking methods is important as well. E-wallets are the fastest, followed by internet banking, credit and debit cards, and lastly bank transfers (the latter taking around 5 working days).
In a plethora of sports betting sites in Chile, it can be impossible to choose a single one and say it is the best. Instead, players should go for bookmakers that offer services that are suitable for the player’s needs. This includes safety, great odds, a variety of sports to bet on, and banking methods of preference.
Chilean bettors can bet on many sports, most commonly football, basketball, tennis, motorsports, and similar.
Unsurprisingly, football is the most popular sport to bet on in Chile.
There are three different types of betting odds that bookmakers provide – decimal, fractional, and American odds. The decimal odds are the most common ones in Chile and they work like this: chances of winning are presented in decimal numbers (1.5, 2.0, 2.60, etc.). Winnings are calculated by multiplying odds with the money invested – 2.0 odds x 1000 pesos = 2000 pesos win.
Some sports betting sites in Chile will offer free bets as part of bonuses and promotions. These are often rare and should be collected whenever possible.
The sign-up bonus is offered to new players. Whoever creates a betting account for the first time at a particular betting site, will be able to collect this bonus immediately upon registration. Sometimes it is needed to input a certain promo code or deposit money for the first time.
Other than reaching for a local psychiatrist, Chilean gamblers who experience gambling addiction can ask https://www.marbella.rehab/contact/ for help.
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