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Colombia’s affinity for football and other sports, combined with the positive legal attitude towards gambling, makes this South American country the top market for bookmakers. You can wager at local and internationally acclaimed licensed sportsbooks.
The number of bookies is on an upward trajectory, and each new brand infuses diverse bonuses, competitive odds, safe banking, and slick mobile apps. We can help you navigate the market by compiling a list of the best betting sites in Colombia. Get ready for a safe and comprehensive sports betting experience.
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⚖️Legal Status | Sports betting is legal and regulated in Colombia. |
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🔞Age Restrictions | 18+ |
💱Official Currency | Colombian Peso (COP) |
🏛️Designated Authority | Coljuegos |
📊Popular Betting Markets | Football, basketball, and tennis. |
💰Taxation | Bettors pay a 20% tax on winnings, while operators are subject to a tax structure of 15-17% on their Gross Gaming Revenue. |
🏪Betting Shops | There are thousands of legal betting shops across Colombia. |
🌍Foreign Operators | Foreign bookmakers can acquire a license if they have a local company entity. |
💻Online Betting | Colombia has a well-regulated online betting market with licensed platforms. |
🆘 Gambling Addiction Resources | Help is provided via the Coljuegos, which promotes responsible gambling. |
Is Online Sports Betting Legal in Colombia?
Sports betting is fully legalized in Colombia. For a bookmaker to offer its services, it has to obtain a license from Coljuegos, the nationally authorised regulator of Colombia.
Key Factors | Details |
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📜Regulating Law | Gambling Act, is the foundational law, augmented by additional amendments and laws. |
📑Licensing and Operators | Licenses are issued by the Coljuegos, the national regulatory body. |
💰Taxation | Bettors pay a 20% tax on winnings from sport betting activities. |
⚠️Penalties for Violations | illegally operating online or land-based games of chance are penalised with fines ranging from COP80 million to COP100 million, or between six and eight years in prison. |
Before choosing a bookmaker in Colombia, it is always a good idea to check its specific characteristics. In general, the betting experience will differ between sportsbooks. For example, some bookies may have more attractive promotions, others more betting markets. Finding the perfect balance is the recipe for a satisfactory sports wagering experience. These are the most important points that will greatly affect your experience when betting in Colombia.
It’s Coljuegos job to ensure a legal and safe environment for Colombian users. For this reason, all Colombian bookmakers that have the Coljuegos seal printed on their main page are completely safe and legal.
With this, you can ensure that all your personal data, as well as the transactions you carry out, are completely protected. In this way, you will have no reason to worry and you can focus solely on sports betting in Colombia, or its casino games. The ‘Authoriza Coljuegos’ seal guarantees a safe environment.
One of the most important aspects of evaluating sportsbooks in Colombia are bonuses and promotions. The best sports betting sites in Colombia have a diverse line up of generous deals, starting with welcome bonuses for new users, plus free bets, enhanced odds and deposit match offers for existing members. The value of a promo streams not only from the size of the boost, but player-friendly playthrough, and large-cap on attainable winnings with the bonus.
You need to have access to hundreds of betting markets, but also the option to watch fixtures live via live streaming. Popular leagues have to receive odds, but niche sports should not be ignored by the bookmaker. Look for platforms offering in-play bets, proposition bets and parlay options. Compare the available odds with what other operators are offering to get the best value on the market.
Smartphones and tablets provide convenience, and top-tier sportsbooks strive to be available 24/7 from any location. Their solutions for mobile betting are dedicated iOS and Android apps or the in-browser experience. Both options are reliable, but during your assessment, grade higher bookies with an app package. Read feedback from other bettors on respective app stores to gain a better perspective on the functionality of the mobile package.
Absolutely all payment platforms that are accepted must guarantee data security and protection. Colombian bookmakers provide plenty of various, safe and reliable payment methods. In turn, a wide range of options in this regard will always be a positive point. However, still take the time to overview the cashier and inspect the limits imposed on minimum and maximum deposits and withdrawals. Find out the processing speeds for withdrawals, and if any fees will erode your winnings.
Every reputable Colombian bookmaker should provide reliable communication methods for fast resolving of any possible problem, incident, or doubt. For that reason, always make sure that the operator provides a complete customer service powered by live chat accessible 24/7, a dedicated email and an FAQ page. The support agents have to be courteous, quick and efficient.
Formulating a betting slip is hassle-free at the best betting sites in Colombia. Although the process is intuitive, we outline the steps for successfully navigating every stage, from joining a bookie to making a bet. Let’s go over the necessary procedures.
Patiently choosing the online platform that is going to be used to bet on sports is very important. Our experts compiled a portfolio of top-notch Colombian sportsbooks. Yet, you can conduct an independent survey of the market and find a platform best suited for your preferences.
Once you have chosen the Colombian bookmaker you are going to use; you must create an account to be able to use the platform. It is a simple process, load the sign up form via the ‘Register’ button and enter the personal data, such as full name, date of birth, residential address and phone number. Create a username and password.
You will have to upload photos from your identification documents to verify the validity of information supplied during registration. The procedure takes about 24 hours, and once done, you can start freely using the platform and place bets on current and upcoming matches.
Open the cashier via the ‘Deposit’ button or access it via your profile page. Select a payment method. Connect its banking details to establish a link and type the amount you plan to deposit. Confirm the transaction and await the funds to appear in the account balance within minutes.
And that’s it! You are ready to place some bets. Choose your favorite sports, select the games and markets that you want on your betting slip, place a bet, and wait. The lucky ones will have their account enriched by more money, which they can either withdraw or use for further betting.
A good betting site offers a variety of sports popular in Colombia. The range of markets is not limited, and you can bet on niche leagues from every corner of the globe. Bearing that in mind, here are the most popular sports you can bet on.
If all the Colombian bookmakers have something in common, it is their wide range of possibilities to bet online. The huge number of sports betting markets offered by the operators in Colombia adds to almost endless fun. Here are some of the most interesting types of online bets for your sports predictions in Colombia.
A bet placed on a single outcome in a sports event. It is the simplest and most straightforward type of bet.
A wager that allows you to cover two out of three possible outcomes in a sports event, reducing your risk but offering lower odds.
Bets placed in real-time as the sports event is taking place, with odds that change dynamically based on the current score and situation.
A bet that gives one team a virtual advantage or disadvantage, leveling the playing field and altering the odds.
A type of bet that allows you to make multiple selections and covers all possible combinations within those selections to increase the chances of winning.
A bet where you predict the exact final score of a match, offering high odds due to its difficulty.
Bonuses are one of the most popular strategies offered by Colombian online bookmakers to encourage you to bet online. Each bonus contains gift money that you will receive just for creating an account as a new user or for depositing money after completing your registration process. If you are thinking of benefiting from and making use of these gift bonuses, it is essential that you know what types are available. Here are the most common bonuses and promotions that you can find at online bookmakers in Colombia:
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 given to existing bettors when they deposit additional funds. Often takes the form of matched bets or enhanced odds for certain events.
A bonus awarded to bettors who introduce their friends to the betting platform. It can come in the form of free bets, enhanced odds, or a percentage of their friend's first bet.
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 Colombian Players?
When talking about legal betting sites, bank cards have the best features - they are safe, free of fees, widespread, and relatively fast. However, Balato and PayU are equally popular for deposits and withdrawals.
Colombia’s best sports betting sites have multiple payment methods to make deposits and withdrawals, offering convenience and maximum security. Most of them are free of depositing and withdrawing commissions. Generally, to make a withdrawal through a method, it is necessary to have made a previous deposit through the same method due to security issues.
These are the methods Colombians use to enter and collect on sports betting platforms.
Both online and land-based sports betting is legal in Colombia.
Colombia has strict regulations and only safe casinos and bookmakers can receive a gambling permit.
Much like casino gambling, online sports betting is well-regulated and therefore quite safe in Colombia.
Each online sports betting site in Colombia will provide different conditions when it comes to limits. Every banking option has its own conditions as well. It is recommended to read the terms and conditions before depositing money.
The players, or better said, the winners, must pay taxes on the winnings obtained. This retention, the income tax for obtaining prizes, is applied to players if the prize exceeds 906,000 Colombian pesos. The amount withheld for the tax will be 20% of the prize.
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).
It is impossible to choose a single sports betting site in Colombia 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.
Colombian 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 Colombia.
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 Colombia 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 Colombia 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.
Players who experience gambling addiction can always look for a local psychiatrist for help. Also, there is Hospital Universitario de San Vicente Fundación, a private hospital located in Medellín, Colombia, that specializes in gambling addiction treatment.
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