Best Betting Sites in Finland for 2022

The sports betting scene in Finland is huge. It is home to some of the best sports betting sites offering the best markets and odds. Finns like to gamble; sports betting is a very popular form of entertainment for them. It is estimated that more than a quarter of the country’s population engages in sports betting.

If you are new to sports betting in Finland and looking to learn how it learns, this is the right guide to read. This guide contains a list of the best sports betting sites in Finland and other related information you need to use betting sites.

🏆 Best Sports Betting Sites for Finnish Players in May 2022

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⚖️ Finland Sports Betting Laws & Regulations

According to the 2011 Lottery Act of Finland, sports betting is completely legal in Finland. The Act grants a total monopoly on all gambling activities to the government. This means that Finnish players can only access sports betting services through government-owned gaming companies.

Players can engage in sports betting at Veikkaus. Veikkaus was founded in 2017 as a merger consisting of Veikkaus, Fintoto, and Finland’s Slot Machine Organization. This government betting agency generates over one billion euros a year. The revenue is used for charitable works in science, health, youth work, sports, culture, and social welfare. This is why there is an old saying that “ Even when you lose a bet, a Finn always wins”.

However, most Finnish players prefer to bet at foreign online bookmakers due to better markets and odds. For instance, if the state-run company offers odds of 1.50 for an event, you may get odds of 1.65 at foreign bookmakers.

Finnish authorities do not offer licenses to foreign bookmakers. So they cannot offer sports betting services through .fi domains or promote their services But they are not illegal and players can still bet on their favorite sports through an international sportsbook.

Is Online Sports Betting Legal in Finland?

Yes, online sports betting is legal in Finland. Finnish players can bet on their favorite games through Veikkaus or foreign bookmakers.

🏆 How to Choose the Best Betting Site in Finland

There are tons of betting sites in Finland. Anyone who wants to engage in sports betting must first choose from the wide variety of betting options. Unless you perform a thorough review, it may be difficult to pick the best betting site from the available option. Our team of sports betting experts ran a comprehensive review and came up with the list in this guide.

Let’s walk you through our review process. When looking for the best betting site in Finland, you should prioritize features that offer an exciting and secure gambling experience. Here are some factors to consider before you commit to a gambling site.

✅ License and Security

The security of an international sportsbook is an important criterion to consider before you sign up. Players should not have to worry about the fairness of the bookmaker and whether they can safely bet on sports events. Since Finnish authorities do not issue licenses and have no control over the operation of foreign bookies, you should endeavor to find one that is licensed by reputable organizations.

Players should also research the security of the sports betting website. You want to be sure that your personal details are secure. A sports betting platform should have encryption technology and firewalls that safeguard players’ personal and financial details.

All the betting sites in this guide have licenses from UK Gambling Commission, Gibraltar, Malta Gaming Commission, or Curacao e-Gaming. They also have state-of-the-art encryption technology.

✅ Bonuses and Promotions

It is a common thing for sportsbooks to offer bonuses and promotions to entice new customers and keep their old customers loyal. Bonuses such as welcome bonuses, free bets, and cashback are a great way to improve your bankroll and bet on your favorite sports without a stake. So you should take advantage of them. Look out for the bookmakers that offer the most bonuses

✅ Compatibility and Experience

Finnish players prefer to bet on their mobile devices. The sports betting platform you choose must offer a mobile-friendly website that works seamlessly on smartphones and tablets. You should be able to enjoy a good user experience through your mobile browsers such as Google Chrome, Safari, Opera Mini, and Mozilla Firefox.

Some online bookmakers have dedicated mobile apps on Android and iOS platforms. You can download the app from the website or your mobile store. These apps provide a smooth user experience and use push notifications to notify you when you win or lose a bet.

✅ Markets and Odds

You should also compare the betting markets and odds available to Finnish players. The odds can significantly affect the size of your winnings. Beyond the bonuses and promotions, you should ensure you get competitive odds that guarantee a favorable winning.

The best betting sites in Finland, like the ones in this guide, offer competitive odds on a wide variety of markets in popular sports such as football,  tennis, horse racing, basketball, fencing, golf, hockey, Formula 1, and lacrosse. Finnish punters can also play local sports including the pesäpallo,  mölkky, and ringette

✅ Deposits and Withdrawals

Finnish players should review the payment methods before they sign up on a sports betting site. They must be able to fund their accounts and withdraw their winnings without any hassle. Most betting sites in Finland offer plenty of payment methods that you can use to make transactions on your account.

💵 How to Bet on Sports in Finland

It is pretty easy to bet on sports in Finland. If you are new to sports betting on international betting sites, you just have to follow these simple steps.

  1. The first step is to select a sports betting site in Finland and visit their website through your mobile browser. Alternatively, you can also download their dedicated mobile app.
  2. Go to the “ Sign up” or ‘Create new account section”.
  3. You will be directed to provide your personal information including your name, email, address, age, and zip code.
  4. Set up a username and a password to secure your account
  5. The next step is to upload a verification document such as an international passport, and driving license. The approval process takes 24 hours at most.
  6. After verification, you will be redirected to the deposit page to fund your new account. For most sites, players are required to pay a minimum of €10. 
  7. Choose your preferred paying method and make a deposit. You will get a deposit bonus.
  8. Play your favorite games.

Finland loves sports and has a strong sporting culture. They have produced some of the best sportsmen in Formula One, ice hockey, and football. You will find many sporting events in Finland. Finnish players also engage in other lesser-known sports such as pesäpallo, mölkky, ringette, reindeer racing, wife carrying, cell phone throwing, and hobby horsing. 

Here are some popular sports and markets to bet on in Finland.

Basketball
Basketball Bookies

The Korisliiga is the Finnish professional basketball league. Along with the NBA, it is one of the best basketball competitions in the world. It comprises 12 teams who compete in a round-round style format. Basketball lovers can gamble on their favorite teams in over 22 matches of the season.

Soccer
Football, or Soccer Bookies

Football ranks as one of the most popular sports in the world. It is also a well-played sport in Finland. The government-owned betting agency, Veikkaus sponsors the Veikkausliiga, the first division of Finnish football. It contains 12 teams competing for promotion and to avoid relegation to the Ykkönen.

Players can bet on the Veikkausliiga, Ykkönen, and the Finnish cup. The best sports betting sites in Finland offer markets for all types of football bets.

Horse
Horse Racing Bookmakers

Like other Scandinavian countries, horse racing is a famous sport in Finland. There are horse racing events almost every day of the year. Finns regularly attend horse tracks to watch the lie horse racing. The betting sites in Finland offer markets to players who want to bet on horse races.

baseball
Pesäpallo Sportsbook

Also called Finnish baseball, Pesäpallo is a bat-and-ball sport viewed as the national sport of Finland. The top-tier competition of this sport is called Sportpesis. It contains 14 teams in the men’s league and 12 teams in the women’s league. Many online sportsbooks are now offering odds and markets to bet on this sport.

helmet
Motorsports Bookies

Formula 1 racing, Motorcycling, NASCAR, and supercar racing are popular motorsports events in Finland. The best betting sites in Finland offer markets and odds for motorsports. You can enjoy excellent odds at the betting sites listed in this article.

Hockey
Ice Hockey Bookmakers

Ice Hockey has the highest number for TV viewership in Finland. Finns love to watch the Liiga, the Finnish Elite League, and place bets on their favorite teams. There are a lot of markets and odds for players who want to bet on their favorite teams in ice hockey games.

skateboard
Winter Sports Sportsbook

Finns also have a wide range of winter sports to bet on such as freestyle skiing, snowboarding, figure skating, biathlon, and curling. There are over 100 ski resorts in the country with the skiing season lasting over 200 days a year. You can bet on your favorite winter sports are major competitions like the Winter Games, Winter X Games, and the World Ski Championship. The betting sites offer the best odds on all winter games.

💵 Types of Bets in Finland

There are different types of sports bet options available to Finnish players. The options are so diverse that even seasoned bettors may be confused about the type of wagers to place at Finnish betting sites. It gets easier as you gain experience on sports betting websites. Before then, you can get a headstart on betting by reading this section.

Here are some explanations of the different types of bets in Finland.

➡️ Win Bets

This bet is also known as the Moneyline bet. It is the easiest kind of bet you can play. All you have to do is to pick who you think will win the match. If the person (or team) you pick wins the competition, you automatically win the bet. Likewise, if they lose the competition, you lose the bet.

For instance, there is a match between HJK and Reipas in the Finnish Veikkausliiga, and you want to place a winning bet. You will choose one of the two options to win. If you place your bet on HJK, you win when HJK wins the game. You also lose if HJK loses.

➡️ Handicap Bets

Handicap bets are also called line betting or point betting. It is a type of bet used to level the playing field between players who are not evenly matched. By using a handicap bet, you give a virtual advantage to the weaker team and a disadvantage to the stronger one. So if you bet on the weaker side, they have an edge that increases the chance of winning the bet.

Let’s explain how it works with this example of a football match between KuPS and SJK. If you want to play a handicap of 1.5. SJK, being the weaker side, enjoys an advantage of 1.5 and KuPS suffers a disadvantage of -1.5. This means SJK starts the game with a 1.5 goal advantage and would only lose if they concede more than 2 goals. On the other hand, if you bet on KuPS, they have to score at least two goals without conceding any to win the bet.

➡️ Over/Under Bets

Also called total bets, an Over/Under bet is a special type of bet where Finnish players bet on the combined score of the two teams in a given sporting event. You will have to bet on whether the combined score will be greater or lesser than your selection. 

For instance, In the game between Kouvot and Seagulls, you choose that the total score of the game will be greater or lesser than 200. If you select “over 200 points”, you win if the total score is more than 200 and you lose if it is less than 200. Likewise, if you choose “under 200 points”, you win when the combined score is less than 200. 

➡️ Outright Bets

Outright bets require players to place a stake on who would be the eventual winner of a competition. Players place their bets before the competition starts or after the competition has started. But the odds changes after the competition has started depending on the performance of the team.

Let’s use the 2022 World Cup as an example, you can bet on footballing heavyweight teams like Argentina, Brazil, Germany, or Spain. An outright bet is hard to win because you have to place bets weeks or months before you even get a clear idea of which team might win. It is like predicting the future. This is why it is called the futures bet.

➡️ Accumulator Bets

An accumulator bet consists of four selections or more. It is the process of putting several individual bets on the same bet slip to form a big bet with considerably larger odds. An accumulator bet can increase the size of your winnings. But Finnish punters also stand a higher risk of losing the bet. They lose the entire bet if a single bet is lost.

Let’s say that we place a bet on Argentina, Germany, Finland, and Spain to win the first group stage match of the 2022 world cup. And each team has an odd of 1.69, 1.45, 2.80, and 1.70 respectively. You can make an accumulator bet that combines the total odds of the four teams in a single bet. In this case, the combined odds will be a multiplication of the four odds: 1.69×1.45×2.80×1.70. This equals 11.60 odds.

So if you stake €10, you will win €116 if all your selections come through.

➡️ Betting Exchanges

A betting exchange is a special type of bet where Finnish players bet against each other rather than the bookie. In this type of bet, the bookie takes no risk; they only provide a platform for players to bet against each other and collect a small commission on winnings.

🎰 Online Betting Odds, Margins & Lines in Finland

Betting sites in Finland employ the decimal format because it is easy to understand and players can calculate their potential winning with ease. You can simply calculate your potential win by multiplying your stake with the odds. Your result will be what you stand to win if your bet is successful. For instance, if the odds are 4.3 and you bet €100, you could potentially win €430.

Most Finnish sportsbooks, like the one on this list, employ decimal format. However, players can also change the format of the odds to the one they understand.

🎁 Best Bonuses, Free Bets, and Promotions in Finnish Online Betting Sites

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Finnish betting sites offer a wide variety of bonuses to entice new punters and stay competitive in the gambling industry. Players can enjoy freebies ranging from bonuses, free bets, cashback, and promotions. 

Here are some of the most common types of bonuses for Finnish players.

🎁 Deposit Bonuses

The deposit bonus is the first bonus players get when they sign up on online betting websites. It is part of the welcome offer for new customers. This bonus can get as high as 100 percent. For example, when you deposit €200, you will be rewarded with an extra €200 as the deposit bonus. You can use this bonus to increase your bankroll and stake in your favorite games with minimal risk on your part.

This type of bonus comes with terms and conditions such as minimum deposit limit, maximum cashout limit, minimum odds, wagering requirements, and bonus expiration date. Players must know the rules to maximize the bonus to the fullest.

🎁 No Deposit Bonuses

Unlike no deposit bonus, you can enjoy a no deposit bonus without depositing the account. Finnish players can enjoy free money-to-place bets. However, this type of bonus comes with a high wagering requirement.

No deposit bonuses are offered to both new and existing players. At times, Finnish betting sites offer no deposit bonuses to players that don’t use their accounts often to try to engage them in sports betting.

🎁 Free Bets

A free bet is a special type of bet where you do not have to pay, the bookmaker sponsors the cost of playing. Finnish players can simply use free bets to bet on their favorite games without a stake from them. It also does not have a wagering requirement. However, the price of the stake will be deducted from the winnings.

💳 Payment Options at Finland Betting Sites

Finland is part of the European Union (EU) and employs the euro as the official currency of the country. There is a wide variety of payment options that players can use to make payments to their online betting accounts. Most sportsbooks offer different methods to appeal to different customers with different payment preferences. 

Here are some of the most common payment options at Finland betting sites.

Debit Cards – Depositing your online betting account with a debit card is one of the most convenient methods to fund your betting account. Finnish sports betting websites offer a wide range of debit cards. It is a speedy method to make deposits on your account; your transaction will reflect almost immediately on your account.

It is also a popular choice among Finnish players because they also use them for their day-to-day transactions. The most popular options are Visa, Mastercard, and American Express. 

Credit cards – Credit cards offer an easy and efficient route to send money to your sports betting account. It works the same way as buying something online. All you have to do is input your card details, how much you want to deposit, and your secure pin and you are good to go. 

Credit cards usually have a minimum deposit. The popular credit card options for Finnish players are Visa and Mastercard.

E-Wallets – E-wallets have become popular in Finland and many citizens are beginning to discover the usefulness of e-wallets for online transactions. If you do not have an e-wallet, we will explain what it is. E-wallets are digital wallets to save money and make transactions on the internet with ease. It offers a secure form of payment to people who do not want to share their bank details on sports betting websites.

Finnish punters use popular e-wallet options like Neteller, Skrill, PayPal, Trustly, Paysafe, and Euteller. 

Apple Pay – Apple Pay is a payment method developed by Apple for instant payment of goods and services. It allows iOS users to pay with their iPhones. Bookmakers and betting sites in Finland are now taking advantage of the Apple Pay services. You can now fund your betting accounts with a single click on your Apple Pay application. 

Apple Pay is a great payment method for people who do not want to divulge sensitive details to the sportsbook. It employs the security features of iOS devices such as the touch ID,  face ID, and two-factor authentication to finalize transactions.

Prepaid Cards – Prepaid cards are special cards that you can load with money for buying goods and services. It is also used as a gift card. Finnish players can fund their betting accounts with prepaid cards. For players who do not want to link their bank account to their betting account, this is a great option. It contains a 16-digit pin card that you can input at betting sites to spend the loaned money on the card. 

Popular examples of prepaid cards for Finnish players are Paysafecard, American Express Bluebird, and Eco Voucher.

Crypto – Finnish punters can employ cryptocurrency to fund their accounts. Bitcoin has become a popular option on betting websites and players are beginning to prefer bitcoin to make payments and withdrawals. Crypto payments offer anonymity to players because it does not require divulging personal or financial details.

Aside from bitcoin, online sportsbooks also offer transactions in Dogecoin, Ethereum, Litecoin, Ripple, and Stellar.

What Is the Best Payment Option for Finnish Players?

E-wallets are the best payment option for Finnish players due to their speed and low fees, Notable examples are Skrill, PayPal, Neteller, and PaySafe. Based on popularity, credit and debit cards are the next best option.

👍 5 Expert Tips for Betting in Finland

Becoming an experienced bettor takes time and practice. The sheer number of the betting market can make it challenging to learn everything with ease.  But with constant practice, it becomes easier to gamble on your favorite sports.

The following tips will help new gamblers who just started betting in Finland.

  1. Shop for the best odds – Odds vary depending on the betting website. These differences can have a significant impact on your winnings. You should look for sportsbooks that offer the best odds on sports games.
  2. How much to bet – As a general rule, Finnish players should stake only what they can afford to lose. Even when the potential win seems juicy, you should not risk what would hurt you if the bet is unsuccessful. Develop a betting system and utilize it to make the most of your bet.
  3. Identify your strengths and weakness – Identifying your strengths and weakness can tell you what sports you are more successful at and what types of bet work for you. This can improve your chances of winning.
  4. Spend time on research – You can improve your chances of winning by spending time on research. Knowing the underlying facts, statistics, and history of sports games can help you to make better gambling decisions.
  5. Ignore personal bias – When you make gaming decisions based on your favorite teams and what you want to happen rather than facts, you stand to lose your bets. Do not allow your personal bias to cloud your judgment.
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FAQ

Yes, gambling is legal in Finland. Finnish players can bet on their favorite sports through the government-controlled Veikkaus and international sports betting websites.

Yes, it is completely safe to gamble online in Finland. Most sportsbooks, like the ones on this list, have state-of-the-art encryption and firewalls to provide a safe environment for sports betting.

Yes, sports betting is safe in Finland. Even though international sportsbooks do not have licenses from the Finnish government, players are not restricted from signing up and playing.

The age limit to gamble online in Finland is 18 years. Finnish players have to verify that they are eighteen years old or older before they can bet on sports games.

You have to be at least eighteen years old to be able to place sports bets on Finnish betting sites.

Depending on the bookmaker, the minimum deposit for Finish bettor ranges from €5 to €25.

If you play at Veikkaus, you have to pay thirty percent of your winnings. But there are no laws that mandate players who play at foreign sportsbooks to pay tax.

Depending on your payment method, you should receive your winnings within twenty-four hours.

All the options listed in this guide rank as the best sports betting sites in Finland. You should go for betting sites that are duly licensed by reputable authorizing bodies, offer quick deposits and withdrawals, and an enjoyable gaming experience.

 There is a wide range of sports available for Finnish players to bet on. You can bet on football, horse racing, basketball, horse racing, ice hockey, Pesäpallo, Mölkky, Ringette, Reindeer Racing, and e-sports, to mention a few.

Ice hockey is the most popular sport to bet on in Finland, followed closely by football, basketball, and Pesäpallo.

Betting sites in Finland employ the decimal format to display the odds. The odds act as a multiplier to your stake to provide your potential win.

Yes, there are free bets on Finnish sportsbooks. Players can enjoy bonuses, promotions, and free bets that allow them to increase their bankroll and place more bets on their favorite games.

Players get a sign-up bonus when they create an account on Finnish betting sites and make an initial deposit. The sign-up bonus can be as high as 100 percent of the initial deposit.

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