The Criteria for Finding the Best Online Bookmakers in the Philippines
For nearly a decade it has been possible to bet online in the Philippines. The best bookmaker, either local or offshore, has to be secure, safe, and provide a variety of money lines, betting options and bonus offers. No booker accepts pesos, though, so you need to check their exchange rates and the means of depositing and withdrawing money. Registration at most of them is really straightforward, and cashouts take up to 24 hours. Mobile and live betting may also be available.
The Regulation of Sports Betting in the Philippines & the Gambling Environment
The Filipino gambling industry is state-run, which means that the government is protective of who can operate the online sportsbooks and how this affects the people. The bookmakers that operate in this market are regulated by the Philippines Amusement and Gaming Corporation (PAGCOR). In terms of legal sports betting, only Flipinos can operate gambling sites in the country. The only licensed operator, MegaSportsWorld, focuses on traditional sports.
If you are an esports fan, you will have to access an international bookmaker to place your bets. These are well-known foreign bookers, like 1xbet, Bet365, William Hill’s, and others. You will have to use VPN to access these sites from the Philippines. When you do, make sure the booker is reputable and takes your privacy seriously.
History and Future
Gamblers favored the Philippines since 16th century. There were cock fights, card parlors, billiard halls; later on, lotteries and horseracing were introduced. Today in Metro Manila alone there are over 20 casinos, and the archipelago is seen as a tourist hot-spot for gamblers. In recent years, due to the increase of online betting, foreigners and the Filipinos alike turn to the Internet. Online gambling in the Philippines is the future of the industry, which is fiercely regulated by the state.
Betting in the Philippines: Conclusion
To sum up, online betting in the Philippines is a thriving industry that attracts both established bookers and newcomers. However, if you are a Filipino and want to place bet on sports online, you have to use an offshore bookmaker.