Is sports betting popular in Venezuela?

Sports, especially soccer and baseball, are an integral part of daily life for Venezuelans. Venezuelan teams actively participate in the Major Leagues and in many international competitions. Therefore, it is not surprising that sports betting is very popular in the country.

Online gambling is also incredibly popular with the population and bettors are always looking for new markets to bet on. With everyone in the country following various international competitions like the FIFA World Cup and the English Premier League, online betting certainly has a place in people's hearts.

Some of the main sports betting options for Venezuelans are soccer, baseball, cricket, rugby, horse racing, and track and field races, among others. The best part is that there are many gambling houses in Venezuela that bettors can explore to make their plays.

How is the landscape of sports betting in Venezuela?

To put things in perspective, Venezuela's population is 28,5 million and there are more than 3,6 million active gamblers in the country. The legal age for gambling is 18 and many local and international bookmakers have found a home in this nation.

Gambling is legal in the country and the respective laws that guide it have been in effect since 1997. All forms of gambling, both online and offline, are legal. Only “offline” gaming platforms are regulated. In contrast, "online" gambling platforms have no restrictions on offering gambling opportunities to Venezuelans.

What are the largest online bookmakers in Venezuela?

Many online bookmakers have opened their platforms to Venezuelans. It should be noted that there is no local bookmaker in Venezuela that is licensed, which means that punters only have foreign bookmakers to frequent.

The good news is that there are no restrictions, which means that they can access any online bookmaker to make a play. Some of the major online bookmakers offering games and betting opportunities in the country are:

  • 1XBet
  • Betfair
  • 22Bet
  • NetBet
  • MelBet, among others.

Deposit options at online bookmakers in Venezuela

Since there are no restrictions for online gambling in Venezuela, local bettors have many payment methods to explore. Some of the most popular options are credit / debit cards and bank transfer. They can also use an e-wallet to make a deposit and withdraw their winnings.

The e-wallet options that are available to bettors include Skrill and Neteller, among others. When using an e-wallet to make a deposit, it is recommended to pay attention to the currency conversion fees. You have many options to choose from. Therefore, do not settle for the most expensive ones.

Conclusion

Sports betting is big business in Venezuela and the legal age to gamble is 18 years old. When it comes to the online gambling environment, great development is still expected. Currently, there is no licensed sportsbook offering sports betting in Venezuela.

Bettors only have international operators to frequent and there are a good number of reputable companies that offer betting markets to Venezuelans. One of the attractions of online gambling platforms is that, unlike "offline" gambling, where taxes are applied, winnings on digital platforms are not subject to any tax.

 

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