Sports betting in Portugal has gained significant momentum. In this concise overview, we delve into the growth of this industry in Portugal. Our experts at Allbets have meticulously picked the premier betting websites, emphasizing those that provide the most attractive bonuses and odds.
Our selections are based on in-depth evaluations of feedback from Portuguese bettors. This guide will also discuss the tax implications for online sports betting in Portugal and the ease of access to these sites for Portuguese users. Furthermore, we'll explore possible future trends and changes in this sector.
This Step-by-Step Guide will explore the world of online sports betting in Portugal. We begin by exploring the development and expansion of this industry in Portugal. The guide then discusses the process of placing bets on sports online in Portugal, including information about any applicable taxes.
Following this, it details the accessibility of these betting websites for residents living in Portugal. Finally, the guide offers insights into future changes and developments in Portugal's online sports betting landscape.
Online betting in Portugal started in 2015. It's popular because many people in Portugal love sports. The government ensures online betting is safe and follows the rules through a group called SRIJ. They permit companies to be trustworthy and follow their guidelines.
The rules for betting in Portugal began in 1961. A charity called Santa Casa da Misericórdia de Lisboa was chosen to manage and make rules for all betting in Portugal. Now, private companies can only do fixed-odds sports betting. The government, through SRIJ, controls other types of betting.
Even though online betting is allowed, many people in Portugal still like to bet in person because it's traditional. This shows how Portugal is mixing old traditions with new ways of betting.
How is online betting regulated in Portugal?
Is betting legal in Portugal? In Portugal, online betting is not just a game of chance but a well-organized and legal activity. Since 2015, thanks to a particular law, this digital world of betting has been neatly regulated.
The primary regulator, the SRIJ, monitors all online betting activities closely. They ensure that only those companies with a special license can offer betting options online in Portugal. If you want to bet online in Portugal, you must pick a site with the SRIJ's approval for a safe and legal betting experience.
The government has set specific laws to manage all kinds of gambling, including online betting. These laws help the government control how gambling works in the country.
Online betting has become popular in Portugal. For instance, in just three months of 2020, these online betting sites earned more than €69 million. However, there's a challenge, too: the taxes for these companies are pretty high. This has made some big betting companies decide not to operate in Portugal.
Portugal's way of handling online betting is intelligent and careful. It's all about ensuring that betting is done fairly and safely while also helping the country's economy.
🌍 Country
Portugal
👌 Language
Portuguese
💲 Currency
Euro
⚽ Popular sports
Football, athletics, tennis, swimming
⚖️ Is betting legal?
Yes
🏢 Regulator
Regulucao e inspecao de jogos
🧾 Gambling taxes
None
💳 Most popular payment methods
VISA, MasterCard, MBway, MultiBanco, PayPal
Top 5 best online betting sites in Portugal
In the dynamic world of online sports betting in Portugal, various platforms have unique features and offerings. These betting sites cater to various preferences, from the latest cryptocurrency-friendly options to well-established brands. Let's delve into some of Portugal's most notable sports betting platforms.
Vave
Step into the dynamic world of Vave, a 2022 newcomer shaking up the online betting scene. Managed by TechOptions Group B.V. and boasting a Curacao gambling license, Vave stands out with its intuitive interface and wide-ranging sports options. It's a hit among modern punters, particularly for embracing cryptocurrency transactions.
Bonus
Requirements
Minimum Deposit
Deposit Methods
100% up to €500
New Account
10
Visa, Mastercard, Bank Transfer, Skrill, and Cryptocurrency
Dream.bet, a fresh face in 2022, rolls out the red carpet for Portuguese betting enthusiasts. This site is a haven for bonus lovers, lavishing newbies and regulars with spectacular offers. Simple to join and regulated under Curacao's watchful eye, Dream.bet boasts a staggering selection of over 25,000 monthly events across 25+ sports.
Bonus
Requirements
Minimum Deposit
Deposit Methods
100% up to €500
New Account
10
Visa, Mastercard, Bank Transfer, Skrill, and Cryptocurrency
Launched in 2021, CryptoLeo is a trailblazer in the cryptocurrency betting domain, courtesy of Uno Digital Media B.V. This platform is a live betting paradise, offering an array of sports from football to volleyball and the electrifying world of international esports.
Bonus
Requirements
Minimum Deposit
Deposit Methods
100% up to €500
New Account
10
Visa, Mastercard, Bank Transfer, PayPal, and Cryptocurrency
Since 2007, 1xbet has been a reliable port for sports betting under the guidance of the Curacao government. This global platform serves a daily feast of over 1,000 sports events, with swift payment methods and bountiful bonuses for every customer.
Bonus
Requirements
Minimum Deposit
Deposit Methods
100% up to €500
New Account
10
Visa, Mastercard, Bank Transfer, Skrill, and Cryptocurrency
Entering the fray in 2020 under TechSolutions N.V., 20BET quickly established itself in the European betting landscape. It's a versatile playground that caters to both novices and seasoned bettors with its broad array of betting options, including the thrill of live betting and analytical perks like statistics and forecasts.
Bonus
Requirements
Minimum Deposit
Deposit Methods
100% up to €500
New Account
10
Visa, Mastercard, Bank Transfer, Skrill, and Cryptocurrency
Pluses
A diverse betting selection
Allows players to bet on esports
Offers enticing welcome bonuses
Minuses
Relatively new and still building a good reputation
What did we take into account when picking the best bookmaker in Portugal?
As the Allbets team, when selecting the best bookmakers in Portugal, we considered several crucial factors:
1
Licensing and Legality
We prioritized bookmakers that are licensed. They must have an active Portugal's Serviço de Regulação e Inspeção de Jogos license. This ensures legal compliance and security.
2
Popularity of Sports
We chose bookmakers offering extensive coverage of football events. It must also support other popular sports like basketball and Futsal.
3
Payment Options
We looked for bookmakers supporting a variety of payment methods. This includes local and exotic options for the convenience of Portuguese bettors.
4
User Experience
We evaluated the ease of use. The website interface must be modern. Their customer service must be responsible and effective. It must ensure a seamless betting experience.
5
Bonuses and Promotions
We considered the value of sign-up bonuses. The presence or absence of ongoing promotions is also considered) considered.
6
Competitive Odds
Bookmakers offering competitive odds, especially on popular sports in Portugal, were favored to maximize potential winnings for bettors.
7
Market Depth
A wide range of betting markets, including in-play options catering to diverse preferences, was a significant criterion.
8
Tax Considerations
Aware of the 44% tax on betting profits in Portugal, we sought bookmakers offering features or advice to help manage this aspect.
How to bet online in Portugal
To start betting on sports events in Portugal, follow these steps:
Choose a Reliable Bookmaker
step 1
Start by picking a licensed platform. This site must have shown that it is trustworthy. The ones highlighted in this article are good places to start.
Sign Up on the Platform
step 2
Register an account on the chosen bookmaker's site. Provide accurate personal information and complete any necessary verification process.
Claim Bonuses
step 3
Many Portuguese sports betting sites offer bonuses for new customers. After signing up, check out and utilize these bonuses.
Select a Sport and Event
step 4
With your account ready and bonus, choose from various sports and events offered by Portuguese betting sites.
Place Your Bet
step 5
Make your bet based on research, the odds offered, and your preference. After placing your bet, wait for the event's result.
Popular Sports for Betting in Portugal
Portugal's love for sports is deep. It is not limited to cheering in the stands. It extends to a thriving betting culture. With over 37% of the population actively placing bets, the nation pulsates with the thrill of prediction and the potential for windfalls. But which sports ignite the most passionate wagers? Let's delve into the top 4 contenders:
Football
Football, or soccer as it is called elsewhere, is the dominant betting sport in Portugal. The beautiful game runs through the country's veins, with die-hard supporters passionately following the Primeira Liga, the peak of domestic play. The excitement transcends national boundaries, with international leagues, the Champions League, and the World Cup capturing punters' attention.
Basketball
While football takes the crown, basketball's popularity is soaring. Portugal's national team's appearances draw supporters from all parts of the country. Famous teams with NBA stars have also garnered fans worldwide. Yes, Basketball betting is witnessing a meteoric rise. Its fast pace and unpredictable outcomes make it a slam dunk for adrenaline-seeking bettors.
Tennis
The accomplishments of legendary champions such as Joo Sousa and Pedro Sousa fuel Portugal's passionate tennis scene. This translates to an exciting betting environment in which every serve, volley, and arduous baseline rally has the possibility for a winning strike.
Horse Racing
Horse racing boasts a rich tradition in Portugal. With iconic race tracks like Campo Grande and Hipódromo de Cascais, it draws in enthusiastic crowds. This heritage translates to a dedicated betting community that meticulously analyzes jockeys, pedigrees, and track conditions to back their chosen steeds.
Portugal's online sports betting landscape is evolving rapidly. The introduction of new platforms is redefining the betting experience. Let us review the best new betting sites in Portugal.
🏆 Vave: Vave is one of the newest entrants in Portugal. It was launched in 2022. Vave has since stood out with various sports markets. It caters to popular and niche sports preferences. The platform is particularly notable for embracing cryptocurrency.
⚽ Dream.bet: This platform launched in 2022. It is rapidly making a name among Portuguese sports betting enthusiasts. It distinguishes itself with an impressive array of over 25,000 monthly events across over 25 sports. This ensures a diverse betting experience. It is particularly appreciated for its generous bonuses.
⚡ CryptoLeo: This sports betting platform was established in 2021. CryptoLeo represents a novel addition to Portugal's sports betting landscape. It focuses exclusively on cryptocurrency transactions. This is gaining traction for its wide-ranging betting options, including popular sports and international esports contests.
📊 1xbet: 1xbet, established in 2007, has expanded its reach to Portugal. It offers a comprehensive betting experience. 1xBet is known for providing an enormous selection of over 1,000 sports events daily. The platform's support is in over 50 languages. This makes it an accessible choice for a global audience.
🎉 20BET: This is a recent addition to Portugal's online betting scene. It was launched in 2020. 20BET is swiftly carving out its niche. The platform is lauded for its broad spectrum of betting options. It also stands out for offering attractive welcome bonuses to new users.
How popular is mobile betting in Portugal?
In 2024, mobile betting in Portugal became popular. People spent almost three billion euros on online gambling in the first part of the year. This was 35% more than last year. The reasons? Online betting is now legal, and there are good deals for betting sites. People are also liking mobile betting and sports betting more.
Mobile apps and special bonuses made betting more accessible and more fun. New payment methods like eWallets made paying safer and more accessible. The money from online betting, including mobile, went up 25% to over 196 million euros early in 2023. This shows mobile betting is a big part of Portugal's betting world.
Best sports betting apps in Portugal
The mobile sports betting scene in Portugal is dynamic, with several apps leading the way in convenience and user experience. These mobile solutions are shaping the future of sports betting in Portugal, offering flexibility, diversity, and ease of use. Let's discuss the top 3 betting apps in Portugal.
The Vave mobile app is accessible on iOS and Android devices. It offers a comprehensive range of betting options. This platform integrates sports betting and live betting. It has a simple layout. The mobile app is designed for convenience. Additionally, it stands out for its seamless integration of cryptocurrency payments and prolific bonuses, making it a versatile choice for bettors on the go.
Dream.bet does not have a dedicated mobile betting app for its iOS users. This might be seen as a limitation for users who prefer a native app experience for their betting activities. However, Dream.bet compensates for this with an easy-to-navigate website that offers a wide range of betting options. Users can access approximately 30 sports in numerous markets and enjoy a fantastic sports welcome bonus through the platform's mobile-optimized website.
This is a newcomer in the sports betting market. It has a mobile app for Android devices. However, it does not offer a standalone mobile app for iOS. Despite this, the platform provides an excellent mobile browser site. The website is optimized for on-the-go betting. The mobile site features a simple interface. All essential buttons are conveniently located on the screen for easy access.
Pluses
Well-optimized mobile site
Easy navigation
Varied betting options.
Minuses
No iOS mobile app.
How to Deposit at Portugal Betting Sites
Depositing funds at Portugal betting sites is straightforward. There are popular payment methods available to bettors. These methods combine convenience, security, and speed. Here is an overview of the popular payment methods for betting in Portugal:
Cards
Bank Transfers
E-Wallets
Cryptocurrencies
Cards: Visa and Mastercard are widely accepted at Portuguese betting sites. They offer a familiar and secure way to deposit funds. Transactions are usually instant, and these cards are known for their robust security measures.
Bank Transfers: A traditional method preferred for its security. Bank transfers might take longer to process than other methods. However, they are reliable and widely trusted. Many bettors opt for bank transfers to move significant funds.
E-Wallets: Digital wallets like PayPal, Skrill, and Neteller are popular. They offer speed and convenience to bettors. They offer instant deposits. They don't require sharing bank details with the betting site. Thus, they provide an additional layer of security.
Cryptocurrencies: The betting space is seeing a growing popularity of cryptocurrencies. Thus, many Portuguese betting sites now accept betting deposits in cryptocurrencies. These offer anonymity to bettors. They also offer low transaction fees. These features account for the increase as a preferred choice for tech-savvy bettors.
Payment Options
Deposit Time
Withdrawal Time
Deposit Limits (€)
Withdrawal Limits (€)
Debit/Credit cards
Up to 2 hours
Up to 2 hours
10 – 10000
10 – 10000
Bank Transfers
Up to 48 hours
Up to 48 hours
10 – 20000
10 – 20000
E-Wallets
Up to 2 hours
Up to 2 hours
10 – 5000
10 – 5000
Cryptocurrencies
10 to 30 minutes
10 to 30 minutes
10 – 10000
10 – 10000
The Future of Online Betting in Portugal
Portugal's online betting industry grew significantly in 2023. Betting revenues increased by nearly 25% to €196.4 million. Football betting was prevalent. Portugal is also focusing on safe gambling, with many players choosing to self-exclude.
Across Europe, including Portugal, there are new rules to make online betting safer and more responsible, like better advertising and protecting player data.
Efforts to make these rules similar across Europe are ongoing, but it's challenging due to different national laws. New technology like AI is also used to keep online betting safe and fair.
In the coming years, Portugal's betting industry is projected to skyrocket. New technological innovations will drive this growth.
Responsible Play in Sports Betting in Portugal
Responsible play in sports betting in Portugal emphasizes maintaining a fun and leisure-oriented approach to gambling. This principle involves betting for entertainment within affordable limits. Organizations provide responsible gambling tools and self-assessment questionnaires. These help individuals recognize and control their gambling habits.
In Portugal, several organizations offer support for gambling addiction. Linha Vida provides anonymous, accessible, and confidential psychological counseling for gambling addiction. It offers support, information, and referral services not only to individuals directly affected by gambling but also to their families, health professionals, education workers, and community workers.
The Portuguese Samaritans, although not explicitly mentioned for gambling support, are typically involved in offering help for various forms of addictions and mental health issues.
Gamblers Anonymous operates in Portugal. It offers support groups and resources for individuals struggling with gambling addiction.
The emphasis in Portugal on responsible gaming reflects a broader commitment to ethical and secure gambling practices to minimize the risks of addiction and the associated personal and social consequences. This is facilitated by a combination of self-awareness tools, limit-setting options, and support services provided by various organizations.
Betting in Portugal: Conclusion
The betting landscape in Portugal is evolving rapidly. It caters to fans' football, futsal, basketball, and cycling interests. Advanced technology, including artificial intelligence, virtual reality, and blockchain, enhances the gaming experience. These innovations contribute to safer and more transparent gaming.
Vave: A wide range of betting options with a global reach 🌍
Dream.bet: Fast payouts and smooth gameplay experience ⚡
CryptoLeo: A rich, engaging, and immersive gaming environment ⚽
1xBet: Diverse gaming options, appealing to a broad audience 🏆
20BET: Innovative and captivating betting selection 🎉
Portuguese betting companies are not just focused on providing entertaining games but also committed to player safety. Measures like setting deposit limits and offering options to pause gambling are implemented. These practices ensure that gambling remains a fun and responsible activity.
FAQ. Frequently Asked Questions
Selection criteria include security, bonus features, payout options, mobile betting compatibility, website functionality, and reputation.
Payouts determine the amount won from a stake, and odds indicate the win ratio. Bookmakers with higher payout rates and fair odds are recommended.
Yes, most online betting sites offer promotional bonuses to new players to encourage registration and deposits.
Common bet types include moneyline, totals, over/under bet, teasers, doubles, and parlays, offering various game options.
Safety measures include licensing and robust encryption systems like GoDaddy, Thawte, RapidSSL, and DigiCert, ensuring data safety and security.
Professional casino content writer with 5 years of experience. He has been privileged to work with many popular casino brands, which are mostly ghostwritten. He’s a casino player and punter too, and has helped many players to get most out of gambling.
With more than 10 years of experience in online marketing, and special focus on the gambling affiliation sector over 5 years, Martin Lasmanis is a true expert in his niche. Today, Martin's vision is to build the largest lead generator company in the world. Fortunately, we have the perfect team to make his dream come true!
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