Brazilians, like people in other countries, enjoy betting on various sports. Below you will find information on the legality of betting in Brazil and Brazil betting sites. And if you want to bet Brazil with cryptocurrencies, check the list of the best crypto betting sites.
Is Sports Betting Legal in Brazil?
The provisional Measure 846/2018 mainly focuses on revising the country’s monopolist lottery distribution. Before that, there were some legislative mentions like the New Tourism Bill, the Senate Bill 186/2014 and Congress Bill 442/1991 towards authorising land-based and virtual sports betting.
After President Michel Temer signed the bill in 2018, big bookmakers started to prepare for a new start in the country. The matter was put on public debate, and there is no recent news on the final result.
💸 Are there any taxes for Brazilian players on their winnings?
✅ Yes, Brazilian players are subject to taxes on their winnings. Gambling winnings in Brazil are considered taxable income and must be reported as part of a player’s tax return. The amount payable depends on the amount won, with larger amounts having higher rates.
💸 Is PayPal betting possible in Brazil?
✅ Yes, it is possible to use PayPal for betting in Brazil. However, due to the country’s strict gambling laws and regulations, there are certain restrictions that must be followed in order to make sure that your payments are secure and legal.
💸 Is it safe to bet online in Brazil?
✅ The answer to this question is yes, and it can be quite an exciting experience. There are several online gambling sites that are available in Brazil and they offer a safe and secure gaming environment. These sites also provide customers with a variety of different betting options, including casino games, sports betting, poker, lotteries, bingo and more.
💸 What sports can I wager on at Brazil online betting websites?
At Brazil online betting websites, you can bet on a wide variety of sports. Football (soccer) is the most popular sport to wager on in Brazil and you will find plenty of markets and lines to choose from, ranging from simple match bets to more complex accumulators.
Other sports available for betting include basketball, baseball, boxing, tennis, volleyball, as well as other international sports. Many Brazil online betting sites also offer virtual sports and e-sports championships. Horse racing is another popular option. In addition, several Brazilian bookmakers also provide greyhound racing and other specials that can add an extra level of excitement to your betting.
💸 Can I use BRL on Brazilian bookmakers?
✅ Yes, most Brazilian bookmakers accept BRL as a currency for deposits and withdrawals. Make sure to check the terms and conditions of each individual site before making any deposits or withdrawals with BRL, as some sites may have different requirements.
Some sites may also offer higher withdrawal limits when using BRL compared to other currencies. Additionally, some sites may offer special promotions and bonuses for deposits made in BRL.
However, much of the debate centres around the number of bookmakers that should be allowed to operate. What we know is that bettors from Brazil can wager on any sporting event taking place in the country or any other part of the world.
Favourite Sports to Bet on in Brazil
What sports are popular in Brazil? It isn’t difficult to guess that soccer is the most popular sport in this country. For Brazilians, it isn’t just a sport but more of a religious conviction. Nevertheless, there’re numerous other disciplines that have won favour in Brazil. Here are the most popular sports to bet on Brazil bookmaker or betting companies in other countries:
Football has to come first! Residents of this country are extremely passionate about soccer, and they, in most cases, call their homeland “the nation of football”. Brazil has the most successful team in the world. It has won five FIFA World Cup tournaments: 2002, 1994, 1970, 1962, and 1958.
Brazil is the only country that has participated in all World Cup tournaments. Throughout the years, they have produced the best players, including Neymar, Kaka, Ronaldinho, Ronaldo, Rivaldo, Roberto Carlos, Romario, Garrincha, Cafu and Pele.
In Brazil alone, there are more than 2.1 million registered soccer players and over 29,000 football clubs. Additionally, football is a huge part of the culture in the country and is massively played on fields and streets across the country.
As a result, football is the most popular sport among gamblers in the country. Sportsbooks cover both minor and popular leagues Brazil and other parts of the world, including Europe.
During top competitions like the World Cup and the UEFA Champions League, the level of betting in the country reaches insane status. No other sport can closely rival football for Brazilian betting capacity all year round.
Volleyball is the second most popular sport in Brazil. Brazilians have had some outstanding achievements in this sport. Currently ranked as the number one team in the world, the Brazilian men’s national team boasts three gold medals in the Olympic Games. Volleyball is widely played, and millions of Brazilians follow all of its events.
Aside from betting on volleyball tournaments in the country, Brazilians also place Brazilian bets on different competitions in the world, including Russia. Although the capacity is far away behind football, punters bet in Brazil on their national tournament. Betting on volleyball only reaches its peak during the World Cup.
Mixed Martial Arts and Brazilian Ju-Jitsu
Mixed Martial Arts is massive in Brazil. Unlike volleyball and soccer, its popularity has been increasing in recent years. Ju-Jitsu is one of the most popular disciplines developed in Brazil.
Created around 1920 by Brazilian brothers Helio, George, Gastao, Oswaldo and Carlos Gracie, Ju-jitsu developed into a very popular combat sport that has become a key element in evolving the current MMA that bettors and sports lovers in Brazil massively follow. Brazil's most successful MMA fighters are Wanderlei Silva, Royce Gracie, and Anderson Silver.
Betting capacity on this sport is extremely high, third after football and volleyball. While other sports are becoming popular each day, MMA betting will remain popular among Brazilian bettors.
Basketball is another popular sport in Brazil in terms of betting. The national team has won some major trophies, including FIBA Basketball World Championship in 1963 and 1959. They’ve also been runners-up in two editions and finished third in 1978 and 1967.
The basketball team’s success also includes three Olympic bronze medals (1964, 1960 and 1948). Sports bettors from Brazil bet on Novo Basquete Brasil, the leading league in the country. The popularity of Basketball has been enhanced by top players playing in the NBA, including Nene and Leandro Barbosa.
Brazilians love betting on the NBA and the national league in the country. You’ll not find a bookmaker operating in Brazil that doesn’t cover basketball events from all corners of the world.
Formula One is a widely followed motorsport event in Brazil. There’ve been over 30 successful Formula One drivers from the country, including Nelson Piquet, Emerson Fittipaldi, and Ayrton Senna.
The Brazilian Grand Prix is every year’s highlight for racing enthusiasts. Held at Autodromo in Sao Paulo, the Brazilian Grand Prix attracts millions of Brazilians who watch the event live on the racetrack or via TV or live streams. NASCAR is another popular racing event among punters.
Brazil Betting Market
Online sports betting in Brazil is very common. Despite that, there are no local sportsbooks online. Punters need to sign up with international betting sites Brazil that accept Brazilian players. Currently, there are more than 400 online betting companies that welcome Brazilian punters. Most of these Brazil betting sites offer Portuguese language support in order to serve as many Brazilians as possible.
In terms of betting turnover size, most reports show the massive growth that this sector has experienced in recent years. Although online betting isn’t yet regulated in Brazil, more than 152 million Brazilians have access to the internet. This corresponds to 81% of the country’s population. 67% of this population gamble online.
Most Brazilians claim to bet for fun and entertainment, with football being the popular sport. Apart from sports betting, 32% of Brazilians use online bingo, 33% use informal bets Brazil, 36% invest in online casino games, 38% play fantasy games and 69% play the Federal Lottery.
The industry isn’t slowing down as it becomes more and more competitive. Betting enthusiasts and sports lovers are constantly reached by betting ads on major TV channels. On top of that, they see many billboards on the field when watching their favourite games.
The main reason for the increase in these ads and billboards is that the government has failed to regulate the online betting sector in the country. And TV operators have decided to take advantage of this situation and help betting companies market their services.
Brazil Bookmakers Sponsorship
It is challenging to prevent partnerships between bookmakers and sports entities from emerging in Brazil, especially in football. Currently, more than 15 of the 20 Serie A football teams have sponsorships on their playing fields. Aside from displaying billboards, bookmakers close deals with Brazilian teams to print their logos on the uniform.
The deals usually have different aspects, with some not appearing on the uniform but exclusively on the shirts. While the teams help bookmakers to market their services, betting companies, on the other hand, provide funds to help them operate optimally.
How to Find and Pick Brazil Betting Sites
Many betting companies consider themselves local and closer to Brazilians. While the vast number offers many options to choose from, it makes it challenging to find and pick the best Brazilian betting sites. Luckily, there are a few factors to look out for.
Before you can sign up, you should investigate a Brazil sports betting website’s performance in factors like security, safety and licensing, banking options, promotions, customer support and mobile sporting betting Brasil. It would also be vital to look into the market selections, games and leagues offered Brazil betting odds and fairness.
Popular Payment Methods in Brazil
With multiple attempts from the Brazilian government to restrict online payments towards international betting sites, bettors aren’t able to access the services of some popular payment methods. Nonetheless, they still have many local options to go for, including AstroPay, Boleto Bancario, and Itau.
Electronic wallets such as PayPal, Skrill and Neteller are also available to choose from as well as other similar options like Google Pay, PaySafeCard and Apple pay. Punters can also use digital currencies such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.
Many punters use these cryptocurrencies because they want to remain anonymous. Bank transfers and many other newer banking options are also available to pick from. Brazilians aren’t limited in terms of payment methods.