Online Sports Betting in the Philippines
Sports betting is a very popular past time in the country. According to online sportsbook news sites in the Philippines, an Italian scholar is reported to have seen bets on cockfights upon his arrival in the 16th Century. And especially with the emergence of horse racing in the 19th Century, betting became more and more predominant in society. Now, Filipinos can also place their bets on online sportsbook sites.
|Is online sports betting legal in the Philippines?||Yes.|
|Are sports betting sites in the Philippines trustworthy?||Yes.|
|Can I deposit via PaySafeCard/Neteller/ecoPayz?||Yes.|
|Do online sports betting sites accept PHP?||Yes.|
Online Sports Betting Laws in the Philippines
According to the Executive Order No.13, sports betting is one of the forms of online gambling that is authorized by the Government. For this, however, sportsbooks must be licensed in a legitimate governing jurisdiction.
According to the Republic Act No. 8407, the Philippine Racing Commission regulates horse racing in the country, while the online sector is left to the Philippine Amusement Gaming Board. There are many websites that can apply for a Philippine Offshore Gaming Operator (POGO) license, however it is not legal to allow Filipino citizens or anyone within the Philippines’ territory to place a bet.
The same rule applies to the CEZA, APECO and AFAB, the free port areas that cannot target Filipinos or anyone outside of thier territory withing the country. Moreover, they are only allowed to offer services to “operate on its own, either directly or through a subsidiary entity, or concession or license to others, tourism-related activities, including games and amusements such as casinos and online gaming facilities”
Despite the fact that PAGCOR offers sports betting through internet parlors, this is still not an online offer. But as mentioned above, it is legal for Filipinos to access foreign online sportsbook sites that have a wide variety of sports to bet on and some of the best odds in the market.
Online Sports Betting Payment Methods in the Philippines
There are several payment methods available for bettors in the Philippines. In order to contribute to the platforms’ safety, they are all transparent. This way, the credit and debit options of VISA and MasterCard are usually accepted. But there are alternatives that are as efficient, such as Skrill, Neteller, ecoPayz or PaySafeCard.
Online Sports Betting Sites Accepting PHP
As sports betting is so popular in the Philippines, operators are interested in targeting locals. As a result, there are several online sports betting sites accepting PHP and bettors are exempt from conversion fees, while also being able to control better their spendings.