Filipino Sports Betting Legality
Legal sports betting is available to both the Filipino local residents and foreigners. Online gambling industry is fiercely regulated and protected by the state. As a result, the sports betting sites that operate in the country must be owned by a Filipino. Apart from this, gambling sites are perfectly legal to use.
Safety Of Online Sports Betting In Philippines
Due to the state interest in the gambling industry, safety and security of online betting is taken very seriously. All bookmakers, established and new, offer the bettors to use their bank cards to deposit money. However, some prefer to use e-wallets.
Catering To Philippine Sports Bettors
A local Filipino sports bettor may be disappointed at the lack of options with the principal online Filipino sportsbooks. International bookmakers, like William Hill’s, Bet365, 1xbet, and others, offer fantastic betting options and a wider variety of sports, including esports, like Dota and League of Legends. They cover more sporting events and offer live betting. The government recognizes the citizens’ interest, so they let local bettors use the VPN access to register on best online betting sites outside of the country. The odds remain the same for the Filipino residents, as do the wagering rules.
Depositing Money And Withdrawing Winnings
To deposit money with any gambling site, you first need to create an account there. Before doing so, check their exchange rate: no booker operate in pesos, so you have to convert your amount into USD, EUR or GBP. Next, choose your deposit option; it can be a bank card or an e-wallet.
Withdrawing money is just as straightforward, and your winnings will once again be converted into pesos. At most bookmakers cashout takes up to 24 hours.
Philippines Gambling History
Gamblers favored the achipelago since 16th century. Initially they were Chinese, but with time the Europeans also discovered the benefits of free gambling territory. There were cock fights, card parlors, billiard halls; later, lotteries and horseracing came from Europe. Today Metro Manila alone houses over 20 casinos. Nowadays foreigners and the Filipinos alike turn to the Internet. Online betting in the Philippines is the future of the industry, and The Nationals e-Sports tournament was launched in 2019.