The great innovation that the new century brought to the world of online betting was the incorporation of machine learning within the game dynamics. However, to improve the player experience, a transversal integration of the industry is required that involves the participation of banking solutions that point directly to the role of the state.
Before being able to talk about the future, betting in Paraguay needs to resolve its immediate present and be regulated in a more effective way, because, although it is true that a fairly wide range of Paraguayan consumers can bet using virtual wallets such as PayPal and Skrill, there is a potential public that is still excluded because there are no nearby mechanisms to make deposits and withdrawals of money.
Here are the best sports betting sites in Paraguay for 2024 and how to use them.
1 | Make your first deposit and get a 100% match bonus |
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4 | Welcome Deposit Bonus of up to 500 Free Spins! |
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5 | £30 free bets for just £10! |
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Quick Jump ⇣
Is Online Sports Betting Legal in Paraguay?
Paraguay has a strong regulatory framework on the subject of games of chance and is building a tender for the operation of online betting. Even so, at the moment you can make sports bets in Paraguay on different websites of international operators.
Sports betting in Paraguay has a curious situation that is shared by all online gambling in general and that is that at the moment they are not regulated but they are not illegal either. Paraguay has the National Gaming Commission as the body in charge of granting licenses to companies in the sector, but not to casinos and online betting houses.
Paraguayan legislation dates back to 1997 and as such has become outdated in the face of the arrival of new online gaming platforms, which is why it is one of the Latin American countries that are in the process of updating it and approving a new bill to regularize it and to report the benefit to the country as well. Not only on the tax issue but also at levels of popularization of the region.
But the situation does not prevent a good number of sports betting sites in Paraguay. In fact, some operators are already demanding that Conajzar be in charge of giving them the pertinent permits to be able to operate legally and that it be more independent than at the moment. It must also have the mission of blocking actors who are not legal and safeguarding the rights of people who bet.
Some of the websites have licenses from their countries of origin, such as the one granted by the authorities of Gibraltar, the license granted by the government of Curaçao, or that of the United Kingdom. It is important to highlight that the new law plans that in Paraguay the definitive step will be taken to reach a regulation that encompasses both physical gambling and online gambling to coexist without problems.
The representative of the Authentic Radical Liberal Party (PLRA) announced in a regular session of the Senate that he is working on a gambling bill to “address and prevent more irregularities” in the field and “protect citizens from the danger of addiction to gambling” bets.
Conajzar opened the call for tenders to grant permission for the exploitation of sports betting in person, electronically, and online “exclusively throughout the national territory.” This motivated several unions to demonstrate against it because, as they accuse, it allows a monopoly.
In this sense, the president of the Paraguayan Chamber of Games of Chance, Aníbal Salomón, presented this week a question to the Conajzar through a note in which he demanded that the tender must be “open, public and well carried out”. Salomón’s proposal and that of several unions is based on the fact that there are not many companies that can meet the requirements imposed for the tender.
Many bettors in Paraguay love to search for their favorite bookmakers on their own. If that happens, there are several criteria to pay attention to. The main basic points that we consider in an online betting house are the following:
It is essential that they have one and that it has good conditions. But it is also good as long as the offer has a good amount to play or rollover conditions that are not too harsh for users. Some of these promotions offered by the sports betting sites in Paraguay are no deposit bonuses and that always helps players who are new to the world of online betting to start using them without putting their own money at risk from the start.
Other options are free bets, which usually give the same amount to play as the one entered as the first deposit. With some luck, the players will achieve some objective that will be rewarded by the bookmaker.
The amount of the odds is very important, and that is why we should compare different bookmakers to make an assessment. We should also analyze the markets available for betting. This means that the highest-rated sports betting sites are the ones that allow you to earn a little more money on their respective betting lines. It should be noted that the best bookmakers in Paraguay usually have better odds in a specific sport.
A fundamental section today that must be present without a doubt in any bookmaker. Fans usually watch sports live and that is when they decide to bet. Some of the important points of the live section is that the sports betting house offers a streaming service where you can watch the game or some live broadcast.
We must highlight the options that also provide statistics that players can analyze to make the best decision when putting their money at stake.
The bookmaker cashout is a function with which you can close a bet before the end of the match or sporting event you bet on, in such a way that you can collect a part of the profit, regardless of the result.
This implies that the sports betting site in Paraguay offers you a certain amount of money, which is determined according to the probability that your bet will end in profit or loss. This means that the amount you win could be more or less than what you bet in the first place.
It is an option that can be used to secure a profit or minimize losses. For example: if your team is winning a game, but you have a feeling that they can turn it around, you can use cashout to secure the win. With this option, the bookmaker can offer you an amount that is higher than what you wagered, but that may be less than the possible profit that you will get if you continue with your bet and your team wins.
Two things matter almost equally in this section: quality and quantity. It is difficult to find an online bookmaker in Paraguay that does not offer the best traditional payment methods such as VISA, Mastercard, and Maestro. Even with the applications developed by banks, the use of bank transfers has become popular as one of the main payment methods used by players.
Perhaps Bitcoin is one of the latest, newest, and most interesting being added. Although of course there are many more methods, what happens is that not all of them work with the same ease nor will you be able to see your deposit reflected immediately, and that is one of the characteristics that we will judge so that you choose the payment method that best suits you.
In the event of any eventuality or problem, the bookmaker must have the means to contact quickly. Its customer service is one of the situations in which users can ask for solutions in order to play in a completely satisfactory way. The ideal in the different online betting houses is that there are different methods of communication and that some can be 24/7.
The most traditional is by telephone in the lines that each of the bookmakers makes available on their web pages. There is also a live chat with one of their agents and email in which you must fill out a form with all the doubts that they have and they will contact you shortly to give an answer.
One of the most important points when choosing a bookmaker in Paraguay is the reliability of the site because nobody wants to enter a web page and put their data and money at risk.
That is why we also must evaluate bookmakers and explore everything they offer at a security level, from their prestige, the licenses that legally certify their operation, and even if they have security and encryption systems.
The use of mobile phones and tablets has been ever-increasing, so we should also check if the bookmaker has an app for Android and iOS devices, so that the bettor can have fun from the place where they are.
Even if the bookmaker does not have an application for mobile devices, we check if their website is responsive, that is, that it is capable of adapting to any screen and works wonderfully, as if it were played from a desktop computer or a laptop.
Those who have never placed bets online may think that this is a complex task, however it is not. Major sports betting sites in Paraguay emphasize simplifying their pages to make them intuitive and easy to use. In this way one can start placing bets in a matter of a few minutes and it will not take long to dominate the page and locate all its options.
The only mandatory requirements to place a bet online are registration with the bookmaker and making a first deposit. This opens the possibility of benefiting from a welcome bonus and allows us to start betting from the moment our deposit has been made.
Registration at a bookmaker is similar to what we could do on any other online sales page. We require a series of personal data, such as name, address, email, telephone number, etc. It is important to make sure that the data is correct, because making mistakes in any of them or providing erroneous data can cause problems when collecting our benefits.
Once we have finished with the registration we can access to make our first deposit. For this we can use one of the multiple payment options offered by the bookmaker. We will find options that will make it easier for us to have our money automatically, such as virtual wallets or credit cards, and other more traditional and slow ones, such as bank deposits that will take some time to be charged.
One of the great advantages that sports betting sites in Paraguay have compared to face-to-face ones is the welcome bonus. In essence, it is a promotion that the house gives us for registering and making our first deposit. Most bookmakers will offer such bonuses after the first deposit, although it can happen that some will offer them immediately after completing the registration. The bonus varies according to each house, but in general, it is an amount that we can use to bet and win as if it were money deposited by ourselves.
The betting profile has been created, the money deposited, and the welcome bonus claimed. All that is left is to place bets. Log in to your account and you will see what the bookmaker has to offer. Most commonly, football matches will dominate the first page but you can select a variety of sports to bet on.
Click on the match, click on the market, click on your prediction, and confirm your choice. A virtual betting slip will be created and when you select the amount of money to bet, the final possible earnings will be shown. If you like what you see, confirm the selection and that’s it. If not, you can change your choices as many times as you like before creating a betting slip.
Withdrawing money is just as simple a task as making a deposit. One can use one of the many methods available in the house to make the withdrawal. As it happens with the deposit, we will find methods that take very little time to make the money available, such as virtual wallets and other slower ones such as bank account deposits. Obviously, some of the deposit methods will not be available for withdrawal, this is the case for example with prepaid cards.
Paraguayans love sports, so much that they stand out for the variety of preferences towards sports, and below we show you the most popular sports disciplines on betting sites.
Before starting to bet on this sport, it is essential to understand that different types of bets are present which you should know about, and thus it will be easier for you to undertake your journey in this wonderful world of sports betting and even obtain rewarding profits. Here is more about the diversity of existing bets, as these points will help better understand the basic concepts:
A bet where you predict the exact final score of a match, offering high odds due to its difficulty.
A bet focused on the number of goals scored in a match, it can pertain to total goals scored, or goals scored by a specific team.
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 wager that allows you to cover two out of three possible outcomes in a sports event, reducing your risk but offering lower odds.
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.
As said, Paraguayan sports betting sites will offer various bonuses to attract new bettors. Such bonuses are used to have a greater advantage when betting for the first time, although they come with certain requirements. These are the most common bonuses:
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 Paraguayan Players?
We believe that the best option is electronic wallets, especially PayPal. It is a payment platform that has it all, security, convenience, and speed both for depositing and withdrawing money earned in sports.
There are many payment methods to use in Paraguay to deposit and withdraw money. However, despite this large number, these can be easily classified into four large groups: Credit or debit cards, bank transfers, prepaid cards, electronic wallets or purses, and online banking services. Here are the most important in each of the groups.
Of course! Games of chance in Paraguay such as sports betting, casino games, lotteries, raffles, bingo, pools, horse racing, or tele-bingo, are games authorized in places such as licensed casinos and bingo halls.
According to the legal regime for the exploitation of games of chance by the Congress of the Paraguayan nation, the application of regulations is applied in several dimensions, from the national to the departmental and finally the municipal.
When we talk about online betting and casinos, the matter is more complicated to examine because no law prevents you from betting online in Paraguay from off-shore betting pages (located outside the country) that are not regulated by Conajzar (National Gaming Commission of Paraguay), is very common.
Nor is there a regulation that provides us with more information, although it is true that thousands of Paraguayans regularly bet on the main online betting pages.
Each bookmaker has specific terms and conditions of use, including deposit limits. Make sure to read them out before joining a bookmaker.
Luckily, the law demands bookmakers to pay working tax, therefore players won’t be affected by any tax.
The conditions for you to see the money won in your account are usually very different between bookmakers or even between payment methods. Usually, the bookmakers will ask you to verify your account so that the withdrawal process is faster, registering all the data that they request can make the time between the request and the moment the money reaches your account is from 10 hours to an hour. It is important to note that some of the websites may take more than 10 hours to finish the withdrawal process.
Not a single sports betting site has the same offer as another one. And every punter has his own wishes and style of betting. Therefore, finding a sportsbook that suits your style would be the best choice.
Football is the king of sports in Paraguay, there is no doubt about it, to the extent that sports betting houses have commercially associated with some of the clubs, while many others have found a way to advertise during the matches in television broadcasts.
The odds of a bet is the inverse of the probability that that event can occur and is expressed in numerical form with different types of representation, such as decimals, fractional or English, and American. The most common are decimal odds – the lower the odds, the higher chance of winning.
When you deposit an amount of money and play it, the house gives you one or more free bets. The value of free bets usually depends on the amount deposited and wagered. With this offer, the player only receives the portion of the winnings and not the money wagered.
The Sign-up bonus can be claimed after registering at a bookmaker in Paraguay. For this simple registration process, the players are awarded a certain bonus, depending on a bookmaker. Sometimes it can be necessary for a player to deposit some funds first.
There are several centers and hospitals that can help with gambling addiction. For example, Jugadores Anonimos can be of great help, as well as contacting a local doctor.
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