Which Are the Best Bookmakers in Colombia?
Since gambling was legalized in Colombia, lots of betting sites have emerged in the country. In this section, we will cover the best betting sites in Colombia.
- Population: 50.88 million
- Active players: At the moment, there is no reliable data on the number of gamblers in Colombia. However, it is clear that millions of people in the country gamble online.
- Currency: Colombian peso (COP)
- Regulated gambling products: Sports betting, bingo, lottery, and casino games
- Operator types: Physical and online casinos, physical and online bookies
- Designated authority: Coljuegos
- Status: Regulated
The Best Online Bookies in Colombia
Codere is among the best Colombian bookmakers, and it features a simple and attractive design. The site is managed by a team of more than 100 people, and they all work together to deliver an excellent betting experience. It has been around for more than 40 years and has been able to gain high levels of popularity in the country. The top sports leagues featured on this betting site are the Premier League, Serie A, the NFL, the NBA, and La Liga. On the platform, you can punt on various e-sports leagues, including the LoL Vietnam Championship Series. A great feature you will find at Codere is the Enhanced Odds, and this will boost your winnings from specific wagers.
- It has great bonuses.
- It offers reports on results and match statistics.
- You can use a Codere mobile app.
- It doesn’t have a VIP club.
LibraBet allows punters to place wagers with cryptocurrencies, and these include Bitcoin, Litecoin, and Ethereum. A key benefit of the bookie is that it has a VIP club, which is divided into five tiers. In the VIP club, you will be able to claim cashback bonuses and will work with personal account managers. The monthly withdrawal limits at Librabet are extremely high, so the site can be great for high rollers.
Another great feature of this betting site is the fast markets option, which allows you to punt on events that will be completed quickly. For example, you can predict the results in the first ten minutes. Librabet also has a bet builder feature, so you can easily create your own wagers.
- It accepts cryptocurrency deposits.
- It offers fast markets.
- It has a VIP club.
- It doesn’t have a live streaming feature.
MELbet is a famous international betting site, and it has grown to be extremely popular among Colombian gamblers. The site supports a wide range of payment methods, and they include Perfect Money, Astro Pay, ecoPayz, and online banking. You can also make payments with cryptocurrencies such as Bitcoin, Ethereum, Polkadot, and Dogecoin. MELbet offers bets on top international competitions such as the English Premier League, the FA Cup, the NFL, and the Bundesliga. When betting on specific matches, you will be able to view the game statistics. Also, you can view the movement of the odds. You will also be able to look at the standings of the teams, and this information can help you make betting decisions.
- You can make deposits using cryptocurrencies.
- It offers statistics on different matches.
- It has great betting features.
- The website design could be improved.
Pinnacle was founded in 1998 and has obtained licenses from many countries. On this site, you will find some of the highest odds, and you will also be able to enjoy high betting limits. Pinnacle also covers a range of betting markets, including the game-winner and the total goals. Unlike many similar betting platforms, this one does not usually limit players who are enjoying winning streaks. This is why high-rollers mostly sign up on this platform. The only issue with Pinnacle is the fact that it does not offer many bonuses and promotions. However, they compensate players by offering very high odds. In addition to traditional sports, this bookie covers various e-sports. These include League of Legends, Dota 2, and Starcraft 2.
- It offers bets on e-sports.
- It has some of the highest odds.
- It doesn’t limit players who win frequently.
- You can’t cash out your bets.
Rivalo is a popular betting site that offers betting on football, MMA, ice hockey, volleyball, and golf, among other sports. On the site, you will be able to view betting options that have premium prices. Rivalo also has features statistics and live scores of different matches.
This operator has proven to be extremely secure, given that it uses advanced SSL encryption. Also, the site hasn’t suffered any scandals since it started operating in 2013. The default odds format on this platform is decimal, but you can change this to American format. As a member of this betting platform, you will be able to cash out your wagers before matches end. This way, you will be able to take control of your wagers.
- The welcome bonus has fair terms.
- You can use the cash-out feature.
- It has a bet calculator.
- It doesn’t have a live streaming service.
What You Need to Understand Regarding Gambling in Colombia
Online betting is legal in Colombia, but there are a number of things you need to know before you sign up on these platforms. Let’s look at some of these things.
- Betting Environment
Colombia was one of the first South American countries to legalize online gambling. The country has had issues with illegal gambling, and this is why it has legalized many forms of betting. The minimum gambling age in the country is 18, and you can safely place bets on online bookies.
Colombia has at least 21 gambling houses, and there are also various illegal operations. With the rise of online betting, lots of people in the country have started punting on the internet.
Most casinos in Colombia are located in Bogota, and the biggest one in the country is Casino Rio Pereira. Casinos in the country offer slot machines, baccarat games, roulette games, poker, and even lottery games. Sports betting is also legal in the country, and for a long time, punters could only enjoy the activity at Intralot.
- Active Players
Betting sites in Colombia have become quite popular, and now, millions of people visit these sites to gamble. A large number of punters still visit physical gambling places to gamble.
- Essential Details for Colombian Players
The legal gambling age in Colombia is 18 years old. Even though Colombia has a body that regulates betting sites, it doesn’t have any laws forbidding citizens from using foreign bookies. That means you will be able to sign up on betting sites that don’t have a Colombian gambling license.
- Punter Taxes and Safety
Gamblers in Colombia don’t have to pay taxes on their winnings. Only the gambling platforms will be required to pay taxes to the Colombian government. Since the betting sites are licensed by the Colombian government, you will not risk fraud when punting online.
The Main Factors We Consider When Choosing Online Bookies
Selecting the best online bookmakers in Colombia can be quite challenging. We have to consider the following factors when choosing these bookies:
- The quality of the bonuses and promotion terms
- The legality of the gambling site
- The user experience of the platform
- The quality of the customer support team
- The quality of the mobile app or site
- The availability of features such as live streaming
- The coverage of sports
Which Are the Most Common Odds Formats in Colombian Bookies?
The best sites for betting in Colombia use a variety of odds formats, but the most common ones are decimal, fractional, and American. The menu for the odds formats is usually displayed prominently on the homepage, so you will be able to evaluate the formats before signing up.
The Most Popular Betting Markets in Colombian Bookies
Colombian bookmakers offer a wide range of betting markets, and these include the match-winner. You will also be able to place double chance wagers. Another common betting option is the total goals, which allows you to predict whether the total number of goals will be above or below a certain number. Other betting markets included in Colombian bookmakers are goal/ no goal, Asian handicaps, and the correct scores.
The user experience is another essential factor to consider when looking for the top betting sites in Colombia. This factor is determined by the design of the website, the quality of the mobile app, and the quality of the customer support.
Offers in Colombian Gambling Sites
Colombian bettors can also claim bonuses and promotions when they use different betting sites. The bonuses have different limits, and they also have different terms and conditions. You should go for offers that have fair wagering requirements. Also, you should pick bookies that have lots of bonuses for sports betting.
Important Features in Colombian Gambling Sites
Nowadays, most online bookmakers in Colombia offer in-play wagers, meaning you will be able to punt on ongoing games. The top betting sites in Colombia also offer live streaming services. With this option, you will be able to watch sports in real-time. Lots of online bookies in the country also have a cash-out feature, meaning you will be able to end your wagers before the matches are concluded.
Can I Legally Sign Up in Colombian Betting Sites?
Online casinos are legal in Colombia, and the operators have to obtain licenses from the Coljuegos. Sites that fail to get legitimate licenses will risk being prosecuted and may also be banned for five years. For this reason, most bookies that are accessed in Colombia have legitimate licenses. Others simply partner with licensed Colombian casinos.
Banking Methods for Punters in Colombia
To make their services easier to use, bookies in Colombia have to support a variety of banking methods. These will vary from one betting site to another. Some common banking methods are credit cards, e-wallets, bank transfer, and cryptocurrencies.
Betting Applications for Smartphone Users
Almost all betting sites have now been optimized for smartphones and tablets. However, you should still evaluate the quality of the mobile site. The top bookmakers in Colombia also have mobile apps.
Ensuring Safety When Gambling Online
The safety of a betting site will depend on a number of factors. To avoid getting scammed, you should ensure that the bookie is licensed. Also, it is essential to check whether the site uses encryption technology.
The Quality of the Customer Service
The quality of the customer support will vary depending on the betting site you choose. For the best experience, you should ensure that you sign up on a bookie that offers 24/7 customer support. The agents should be accessible via email, live chat, and telephone.
Can I legally place wagers on sports in Colombia?
Yes, sports betting is legal in Colombia, and it can be done online or in physical betting shops.
Is online betting legal in Colombia?
Yes, the government of Colombia offers licenses to operators who want to offer online betting services in Colombia.
Which are the top betting sites in Colombia?
The top bookmakers in Colombia are Codere, BetWinner, LibraBet, Melbet, Pinnacle, and Rivalo.
Which is the best bookie in Colombia?
The top bookie in Colombia is Codere, and this is because it has a wide sports coverage. The bookie also has a mobile application that will allow you to punt when on the go.
What are some useful Colombia betting tips?
To make consistent profits when gambling online in Colombia, you should adopt a good money management strategy. Also, you should focus on specific sports and teams.
Can I use Bitcoin to gamble in online bookies in Colombia?
Yes, although cryptocurrencies are not recognized as legal currency in Colombia, you can still use them to gamble online.
Can I buy lottery tickets in Colombia?
Yes, the government of Colombia allows citizens and residents to purchase lottery tickets in physical casinos or online betting sites.
Will I have to pay taxes on my gambling winnings in Colombia?
No, players are not taxed when they win in Colombian gambling sites.
Do I have to sign up on bookies that are licensed by the Colombian government?
Although betting sites operating in Colombia are required to get a local license, punters can still sign up on foreign betting sites. The government doesn’t crack down on punters who use such websites and instead focuses on illegally-operated bookies.
Useful Information about Sports Betting Sites in Colombia
- The government of Colombia takes a 15% tax on gross wins for all gambling products, and an additional 1% tax is paid to the regulatory body. However, punters don’t need to pay any taxes.
- As a tourist, you will not have to follow the gambling regulations of the country and can sign up on any online bookie you like.
- Since 1810, Colombia has had gambling houses, but gambling was first regulated by the government in 1991.
- The gambling sector of Colombia brings in a revenue of about $10 billion a year, and this figure has been increasing steadily over the years.
Are Colombian Players Restricted in any Way?
No, Colombia does not have any restrictions for gamblers in the country. Punters can sign up on any betting site they like, although you will enjoy greater safety when using licensed bookies.
Gambling is a long-running tradition in Colombia, but it was first regulated by the government in 1991. The country was among the first in South America to legalize online gambling. Today, the best Colombian bookmakers are Codere, Librabet, Melbet, Pinnacle, and Rivalo. When choosing a betting site, you should ensure that it has an online gambling license. This way, you will not become a victim of fraud. Also, you should consider factors like the quality of the odds, the promotions, and the betting markets included. In order to sign up on these bookies, you must have a minimum age of 18 years.