The Ultimate Guide to Sports Betting in Brazil
Best Sports Betting Sites for Brazilians 2023
Average Payout Speed0 – 24 Hours
- Available in over 30 languages
- Over 1000 events offered every day
- Extensive list of banking methods
- 24/7 customer service support
- Cryptocurrency accepted
- Lack of live streaming
Average Payout Speed0 – 24 Hours
- Over 1000 daily sports events
- Dedicated smartphone apps
- Live streaming on site
- Cashier supports many currencies
- Long list of payment methods
- Design is convoluted and outdated
Is Online Betting Legal in Brazil?As of 12 December 2018, yes. This is when Brazil’s former president, Michel Temer, signed Law 13,756/2018 into legislation following approval of Provisional Measure 846/2018 just weeks earlier on 20 November 2018. This law gave the green light for fixed-odds sports betting to be rolled out, with Brazil’s Legal Gaming Institute valuing the country’s legal gambling market at approximately R$55 billion. Of course, tax was the primary reason behind the government’s push to legalise the sports betting market. The initial plan was to limit the number of betting licenses issued for both land-based and online operators to just 30. However, no licenses have been issued to date. The COVID-19 pandemic shifted the government’s focus to health matters, and the legal framework for a regulated market still needs to be finalised following sports betting being added to Brazil’s ambitious national privatization plan. What we do know is that Brazilian sports betting sites are expected to be taxed 1% on their turnover. It is also believed that bettors will be taxed 13.8% for any wins of R$1,900 or more, which is in line with the country’s lottery taxes. The legal age for sports betting online is expected to be 18 years old. We’ll update this section when more information comes to light on the legality of sports betting in Brazil.
How to Deposit at Brazilian Sports Betting Sites
Stringent implementation of a prohibition on credit and debit cards means you won’t be able to use your card to deposit at sports betting sites as a Brazilian.Brazilian bettors were dealt another blow in January 2018 when Paysafe Group announced that Skrill and NETELLER would no longer support gambling transactions. After an almost two-year hiatus, the online payments company opened its digital gates for Brazilian online gamblers again in December 2019. But not everyone rushed back. Many gamblers continued to use the alternative banking methods they turned to when the popular e-wallets were no longer an option, including:
AstroPayVirtually all sports betting sites that accept Brazilians support AstroPay payments. The single-use prepaid card is one of the fastest growing payment solutions in Latin America. Prepaid cards range in value from R$40 to R$4,000, with withdrawals made possible via Transferência AstroPay Bank. AstroPay is ideal if you’re seeking a layer of anonymity and wish to avoid sharing your banking details with betting sites.
The Central Bank of Brazil may not approve of Bitcoin, but there is no getting away from its popularity amongst Brazilian bettors. Advantages of Bitcoin betting include less transactions fees when compared to traditional banking methods, anonymity, and the speed in which transactions are processed.The main disadvantage of betting with BTC instead of legal tender is the volatility of the price of Bitcoin.
Boleto BancárioLaunched in 1993, Boleto Bancário is a popular cash-based payment method through which Brazilian customers can make secure payments to online betting sites. It facilitates the movement of funds from bank accounts to other businesses and does not require a credit/debit card. Beloto is regulated by the Central Bank of Brazil, making it one of the safest deposit methods you can select at sports betting sites.
paysafecard is a relative newcomer to the Brazilian market, having only opened its virtual doors to residents of Brazil in 2017.The prepaid payment method requires users to purchase a 16-digit PIN code from a local sales outlet or via the company’s official website. This code can then be entered at sports betting sites in Brazil to fund your account without having to share your banking information.
Bet on the Most Popular Sports in BrazilFootball may be the national sport of Brazil, but it’s far from the only sport that Brazilians love to play and bet on. Aside from the beautiful game, Brazilians particularly enjoy betting on MMA fights, action-packed Formula 1 races, volleyball matches played on sun-soaked beaches, and fast-paced basketball games.
It goes without saying that football is the most popular sport in the country known as “o País do Futebol” – “the country of football” for those of you who aren’t fluent in Portuguese. The two-time World Cup hosts are five-time world champions and have produced some of the best players to have ever graced the planet.The domestic Brazilian Championship A Series attracts fervent support and fosters some of the up and coming starlets who learn their craft before typically moving to Europe to secure lucrative contracts at top clubs. Neymar is a prime example, having moved from Santos to Barcelona before joining PSG.
MMAMade famous by Royce Gracie, Brazilian Jiu Jitsu is now the discipline that underpins the fighting styles adopted in premier mixed martial arts organizations like the UFC and Bellator. Anderson “The Spider” Silva and Vitor “The Phenom” Belfort are two of the greatest Brazilian MMA fighters of all time.
Regular MMA events are held around the globe, presenting you with lots of opportunities to bet on your favourite MMA fighters. Several UFC Fight Nights have taken place in Brazil in recent years, with local fighters like José Aldo and Renan Barão showcasing their skills inside the famous Octagon on home soil.
Formula 1Brazil has produced three Formula 1 World Champions: Emerson Fittipaldi (1972 and 1974), Nelson Piquet (1981, 1983 and 1987) and Ayrton Senna (1988, 1990 and 1991). Only Germany and the United Kingdom boast more championship wins, but Felipe Massa was the last Brazilian to compete in F1. Ayrton Senna’s home city of São Paulo’s has hosted the Brazilian Grand Prix since 1973. Races take place at Autódromo José Carlos Pace, a circuit named after the late Carlos Pace. It is considered one of the most challenging circuits in the world because it runs anti-clockwise and there are many inclines.
With endless miles of sandy beaches, it comes as no surprise that Brazil excels at volleyball. Both the men’s and women’s teams are administered by the Confederação Brasileira de Voleibol (CBV). The men’s team has won gold medals at the Olympic Games, while the women’s team has won two.Amateurs and professionals hone their skills on sandy beaches in seaside cities like Rio de Janeiro and Vitória. In terms of the domestic Brazilian Volleyball Super League, Minas is the most successful team in the history of the men’s league. Rio de Janeiro has tasted the most success in the women’s league.
Basketball is another sport which receives plenty of interest at Brazilian sports betting sites. The men’s national team have performed well in international competition, having won the World Championships twice, achieved three Olympic bronze medals, in addition to regularly winning the Pan-American games.Hall of Famer Oscar Daniel Bezerra Schmidt is considered one of the greatest Brazilian basketball players of all time. Although he never played in the NBA, stars like Bruno Caboclo (Memphis Grizzlies), Cristiano Felício (Chicago Bulls) and Raulzinho Neto (Philadelphia 76ers) have all represented Brazil in the league in recent years.