What Is an Online Bookmaker?
A sportsbook is a digital platform where enthusiasts can place wagers on their preferred sports events based on set odds. These platforms are also often known as bookmakers or simply, bookies.
A digital bookmaker facilitates wagers on the outcomes of various sports events. If your prediction aligns with the result, you claim the bet. Conversely, a wrong guess means you forfeit your wager.
Each sport offers unique wagering opportunities. Premier sports wagering platforms showcase an extensive range of daily and future bets for basketball, sabong, football, boxing, horse racing, and a host of other domestic and global sports.
History of Betting Sites in the Philippines
The Philippines has a thriving sports betting market that has seen explosive growth in recent years. Betting in the Philippines dates back to the time of Spanish colonial rule. Cockfighting was the most popular kind of betting in the old days. Since Ferdinand Marcos approved a bill legalizing gambling in 1975, gamblers have been free to enjoy their pastime.
The advent of the internet has allowed for a variety of new and exciting sports betting options. The Philippines Amusement and Gaming Corporation is the government agency responsible for issuing licenses to the vast majority of sports betting sites in the country (PAGCOR). Gambling in the Philippines is supervised and regulated by PAGCOR. The group not only runs its own casinos but also issues gambling licenses to individuals who wish to open betting establishments. In 2017, PAGCOR’s online betting revenues surpassed US$1.6 billion, which is an incredible amount.
There are currently no rules or restrictions in place in the Philippines that forbid citizens from participating in internet gambling. Many respectable overseas betting sites are available to Filipino bettors, all of which are governed and licensed by prestigious gambling commissions and regulatory bodies.
How are gambling sites regulated in the Philippines?
🌍 Country | The Philippines |
👌 Language | English |
💶 Currency | PHP, USD |
⚽ ️Popular Sports | Football, Basketball, Horse Racing, Tennis |
⚖️ Is gambling legal? | Yes |
🕵️♂️ Gaming Regulator | Philippine Amusement and Gaming Corp |
📃 Gambling Tax | 20% |
💳 Popular Payment Methods | Visa, Mastercard, PayPal, Skrill, GCash, Cryptocurrencies |