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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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.
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.
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.
The influence that basketball has in the south is so strong that, if we compare it with football games, we can say that it has many more followers than the king of sports and, probably, they are very attentive to the results of the NBA.
Towards the north of the country, baseball is a sport that is played a lot. We cannot say that there are major leagues in this sport, but it does have a large number of followers who enjoy watching, playing, and betting on the MLB.
We cannot forget the fans of rugby and American football, sports that, despite having a very small niche in Chile, generate a lot of attention. That is why Chilean bettors are very interested in the results that the NFL can offer.
One of the sports that has given Chile the most joy is tennis, and it is that we can find great exponents such as Marcelo Ríos, former number one in the world, and players such as Nicolás Massú or Fernando González with great successes in their career, as well as Anita Lizana (one of the best tennis players in history and number one in her genre). Nor can we forget the present with players like Christian Garin or Nicolás Jarry who, in one way or another, make people talk on the ATP Tour.
And finally, undoubtedly the most popular sport in the world: football. It is by far the favorite sport of Chileans and the one that generates the most sports bets in Chile in bookmakers. Among the alternatives to bet on football we have the major European leagues such as Serie A, the Bundesliga, the Premier League, or LaLiga Santander, while on the South American continent, players bet on Chilean First Division, as well as other national leagues, such as the First Division from Argentina or the Serie A from Brazil.
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.
Exact score sports betting is a style of betting where, if we get the exact score of the match right, we can win a lot of money in one go. In other words, in sports betting on exact results, the objective is to guess the score with which a match will close, that is, the number of goals/points that the teams will achieve.
As this task is quite challenging, playing this style of correct score betting is recommended in leagues where a minimum score or one-goal difference results are very common, as it is much easier to hit. In general, the South American leagues tend to be unpredictable, which ultimately makes it more difficult to get it right, although whoever succeeds, will obtain very good profits.
It is possible to bet on the exact result in almost all sports, as this type of sports betting is quite popular in Chile. Of course, depending on the sport, the type of scoring will vary. These are two of the most popular sports in which you can place this type of bet:
Markets are the different types of bets that can be placed on each sport. Football has one of the widest ranges of markets available to Chilean bettors, and featured options include:
Auto racing also offers dozens of markets, especially if you are betting on Formula 1 or Formula E. Some of the best auto racing markets are:
Horse racing has always been popular with punters, even before there were online sports betting sites in Chile. The most popular markets in horse racing are:
Cycling does not have as many markets as the first 3 options, but there are still many alternatives to choose from. The most common markets are:
The odds are one of the fundamental elements that every bettor must take into account before placing a bet. Before choosing between the universe of bookmakers that exist in the Chilean market, it is important to know that not all of them have the same values for their odds and this can make a significant difference in favor of some.
One of the most common terms in the betting dictionary is odds, a very important aspect that every bettor needs to know. The odds in sports betting are a value proportional to the probabilities of some result or event occurring within a given event. The value of the odds corresponds to the probability of one of several possible results for a specific market but also determines the profits that the bettor will obtain if his selection were to win.
There are different types of odds, the most common format is decimal. An odd of 2.00 is equivalent to 50% probability and the higher the value, the lower the percentage. In addition, the same value is multiplied by the amount of the bet to calculate the profit of the bet, this is the reason why having higher odds is much better.
Although it is important to know what odds are, it is also important to know how to calculate betting odds and how bookmakers in Chile establish a value according to the probabilities that some result will happen. It is said in the previous section that a 2.00 odd is equivalent to a 50% probability for a result, this percentage is obtained by dividing 100% by the value of the odd, so 100%/2.00=50%.
Each Chilean bookmaker entrusts this task to its specialists or traders who establish different parameters to calculate betting odds according to the probabilities of each result, to various factors that include the sporting aspect of the teams and/or players involved, the conditions and the context in which an event takes place, to the trend among bettors and the house’s profit margin.
The total sum of the odds is usually always over 100% and the excess is known as overround, which is nothing more than the bookmaker’s profit margin. On the other hand, the percentage of money that a bookmaker allocates for prizes is known as the payout.
The bookmaker obtains the profit margin in the event that bets of equal proportion are placed on all possible results. If the profit margin is reduced, the odds values will increase proportionally.
For example:
Chile wins 1.70
Draw 3.75
Bolivia wins 4.60
In this sense, to know the bookmaker’s profit margin, we will divide 100 by the value of each installment to obtain each percentage value, and then we will add them all. So that…
100/1.70=58.82%
100/3.50=26.67%
100/4.60=21.74%
58.82 + 26.67 + 21.74 = 107.23%
The percentage that we obtain when adding all the results is greater than 100% means the margin in quotas is only 7.23%.
The sum of all the percentages will always be greater than 100% and the higher the profit margin (with respect to 100), the lower the payment to users. We must, therefore, seek to get as close as possible to 100%.
When choosing a bookmaker you have to look at many aspects, but one of the most important is the odds. If a bookmaker sets very high-profit margins, the odds will be much lower. On the other hand, if the profit margin is quite low, you will be able to get better odds.
Many bookmakers in Chile tend to lower their profit margins a bit on some specific sports, or on tournaments, they sponsor or seek to promote. Other websites tend to set very low-profit margins when preparing the odds, with the aim that the bettor can obtain a greater profit from them
The lower the margin in the odds, the better these will be and, consequently, the greater the benefit you can obtain when betting.
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.
No deposit bonuses are those that do not require you to deposit an amount into your user account in order to be claimed. Normally, they are usually free bets or an amount of money so that you can place your bets. On some occasions, winnings may be withdrawn in real money; however, in others, they will be represented in the form of a bonus balance.
On the other hand, you will need to meet certain conditions in order to benefit from these betting bonuses. In this way, you will be able to obtain profits on your bets, by benefiting from the no deposit bonus that you have selected. This type of betting bonus can only be used once and by a single user.
Free bets are used by many operators in Chile in their betting bonuses. In this type of bonus, free bets are offered to users free of charge. You will find, depending on the operator, a more or less generous amount to enjoy in free bets. Free bets are free balances offered to reward customers who use the operator’s services.
When you win, you can keep the winnings generated by the free bet, but not the original amount wagered. There are several types of free bets: with risk, free without a deposit… Normally, these types of bets have to be enjoyed in certain games previously selected by the operator.
The wagering requirements that this type of betting bonus usually has are, normally, a little more demanding than in other types of bonuses. What is clear is that with free bets, you have the advantage that if you lose, you will not have risked your funds.
Also known as a cash-out bonus – with this type of bonus you can recover part or all of the funds you have deposited to place your bet. To do this, the Chilean bookmaker will refund that amount to your account. Normally, this type of bonus is presented in the form of credit and is subject to compliance with certain requirements.
In any case, if your bet is a winner, you will not see your winnings increase. In this way, the margin of loss of your profits will be considerably reduced. Normally, cash-out betting bonuses cover a certain event or competition.
Sign-up betting bonuses are those that operators offer when you open an account with them. Also known as first deposit bonuses, they usually consist of a bonus that ranges between 50% and 100% of the amount that you have deposited for the first time in your account.
In addition to being the most popularly known as part of welcome bonuses, this is not always the case. They can also be part of promotions as well, or bonuses associated with special dates, such as birthdays, Halloween, etc.
In most sports betting sites in Chile, you will find this type of betting bonus available. Both for your sports bets and for casino games, operators usually have this type of bonus.
Note: Check the offer of betting bonuses in different operators. You will be able to benefit from attractive conditions on your bets, selecting various betting bonuses on different betting pages.
The betting bonuses have certain characteristics (or rather terms and conditions) that, even with particularities, are common to most of them. Knowing them will be of great help when selecting the bonus that best suits your gaming needs. Here are the main characteristics that define the bonuses of the best bookmakers in Chile.
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:
✅ Credit/Debit Cards – All sports betting sites in Chile accept this method because it is one of the most used to make online transactions.
They offer 100% secure transfers since the bookmakers are “PCI-DSS compliant” and this means that their transactions with credit and debit cards are one of the most reliable and secure methods to deposit and withdraw.
On certain occasions, your transaction will go through the so-called “secure terminal” and you will have to share a code that the bank has given you. This can slow down the process, because your withdrawal can take up to 7 days.
✅ Bank Transfers in Chile – Many bookmakers offer the option to deposit money by making a bank transfer to and from your bank account. In these cases, on many occasions, you will have to wait a few days for the deposit to become effective, so it is not an immediate method.
They are accepted by numerous online bookmakers in Chile and you can use this payment method both to deposit and withdraw money from the online bookmaker. Likewise, today banks have strong security systems that support these online transactions.
You must take into account the commissions charged by the bank for withdrawal transactions, and currency exchange, among others. Likewise, the withdrawal process may be slower through bank transfers than through other systems such as Paypal.
✅ PayPal – PayPal has more than 150 million active accounts and operates in more than 200 countries, making it the main reference for online payment methods.
The transfers are immediate and you only need your email and password to make your deposit to bet online. This payment system accepts transactions in different currencies, the money arrives in a few seconds and its international scope makes it one of the most used and well-known means.
Paypal has a payment retention policy and can sometimes hold money that arrives in your account for a minimum of 7 days. This is a measure to ensure the security of the transaction.
✅ Webpay – Webpay is a payment gateway that was born in Chile and that complies with all security and trust regulations to make online payments. It is one of the most used payment gateways in Chile, so you can deposit safely and confidently. Transactions are fast, it has security plus system that protects your banking information and, as it works as a payment mediator, it does not charge commissions for the service, unlike other payment methods. You can deposit through debit cards, credit, and bank transfers through Webpay.
To withdraw your winnings the options are more limited, for example in bookmakers like Coolbet you can only withdraw money if you choose the bank transfer option through Webpay.
✅ Astropay – The main product of this method is the Astropay Credit Card. By using it you can make transactions with greater security, speed, and comfort. Astropay also has an app that you can use to monitor your transactions or make them from there.
You don’t need a bank account to create an Astropay account and deposit online. Likewise, you can top up your Astropay card from the app, and depositing at your favorite bookmaker will only take a few minutes.
Although Astropay is gaining more and more popularity, it is still not as widely used in online sports betting houses in Chile.
✅ Skrill – Skrill is a virtual wallet that you can use in thousands of online establishments as well as online betting houses in Chile. There are online bookmakers that accept cryptocurrencies as a means of payment and Skrill allows you to acquire and make transactions with this electronic currency. Bodog is one of the houses where you can deposit cryptocurrencies. You can also affiliate your debit card, credit, and bank account to Skrill and deposit safely.
When you want to withdraw your Skrill balance via your bank account, the fees can be a bit high. Most sports betting houses in Chile have this system.
✅ Neteller – Neteller is similar to Skrill. These are online accounts with which you can make payments, deposits, transfers, and much more. In Chile, you can use Neteller to place bets online on several websites.
As it is the ally of the majority of bookmakers in Chile, the transactions are guaranteed and you do not have to worry about security. In addition, Neteller stands out for charging low commissions in the market, for its debit or electronic card, and for working for deposits and withdrawals on sports betting pages.
At the time of withdrawing your balance through Neteller, this transaction can take several days. Keep this in mind in case you need your money immediately, as sometimes it takes up to 3 days.
✅ Trustly – With Trustly you can make instant bank transfers, simply by using the access codes to your online banking. It is a payment method very easy to use, so it will only take a few minutes to make your deposits at the online bookmaker in Chile that accepts Trustly as a payment method. It also has a high-security system to protect the information, accepts transactions in different currencies, and allows you to affiliate your credit and debit cards.
Trustly sets maximum and minimum limits for your deposits and withdrawals at online bookmakers. You must take this information into account to determine the number of your transactions.
✅ Cryptocurrencies – In some bookmakers, you can make your deposits and withdrawals of prizes with cryptocurrencies. This can have its risks, due to the fluctuations of these currencies, but at the same time, it confers a point of innovation and flexibility that many users values.
Cryptocurrencies can often be exchanged (or rather sold) for real money, and when the time is right, a player who bets using crypto can earn much more.
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.
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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