Best Betting sites in Chile
In our guide you will find out which are the best online betting websites for Chilean punters. Take a quick look at the table below to compare the best options and read more about them in the text below.
Top Betting Sites in Chile Ranked
The country of Chile is a sizable nation that covers the South American west coast. Along with boring Bolivia and Argentina, the Pacific Ocean is home to the Andes and Chilean Coast mountains.
As a country with a liberal approach to gaming, this best betting sites in Chile guide will delve deeper into its legalities. Moreover, it will address Chilean gambling laws, provide a top list of bookmakers in Chile and other valuable information.
Interesting facts about betting in Chile
As a country steeped in culture and tradition, it is only natural we include exciting facts about betting in Chile. Beyond the natural beauty of the Andes and Chilean Coast mountains, Chile is a country that legalized betting in 2008. To celebrate their liberal outlook towards legalized betting, here are some betting facts about Chile you may find interesting:
- The very first casino to open in Chile and still operational today was the Viña del Mar in 1852.
- It is estimated that Chilean players account for more than $10 million in annual gambling transactions.
- Based on current legislation, every region in Chile is allowed a minimum of one casino and a maximum of three.
- The country of Chile is home to 25 casinos, three of which are located in the city of Valparaiso.
- The Spanish word “casino” in Chile is defined as a social club, gambling house or canteen.
- Valparaiso is the largest gambling city in Chile, with over a thousand gaming machines and more than 50 table games.
Gambling Legislation and Laws In Chile
The South American country of Chile has taken a proactive position towards the legalisation of gambling. The country is home to multiple land-based casinos and has legalised games of chance, lotteries, horse racing and sports betting.
However, in response to onshore operators being unable to legally provide gambling services in the country, the Chilean government gave the Polla Chilena and Loteria de Concepcion the authority to proceed with an interactive gambling platform.
Unfortunately, this applied to onshore operators and failed to address the legality of online betting with offshore operators. In response, the Chilean Ministry of Finance announced plans in 2021 to introduce a bill that will regulate online betting within its borders. The bill’s intention is to allow government authorities to monitor and regulate the activities of licensed operators.
The hope is to create a competitive market that helps generate revenue for infrastructure projects and protect the safety of players. While this is a positive step forward, the Ministry of Finance has yet to follow through with the proposed bill. The legality of online gambling remains in limbo.
While this puts Chilean players in limbo, it is expected that the Chilean government will fully legalise offshore betting up to 2023. While online betting remains illegal, it is not enforced, and players seldom face restrictions.
Which are the top 6 Online Betting Sites in Chile?
The top 6 online betting sites in Chile are Bet365, Betsson, William Hill, Betway, MansionBet, and Hopa. As each has a proven reputation for online gaming excellence, we have included brief overviews of their betting services. In addition, we included pros and cons to help you select the bookie with the platform that fits your need.
- Extensive coverage of sporting events via Racing TV
- Competitive betting odds and multiple betting features
- Nicely populated online casino with live casino
- Some game restrictions may apply in the casino
- Superb sports betting platform
- Live betting and live streaming are available
- Access to the Betsson blog and analytical data
- A generous collection of casino games
- Cryptocurrencies are not available as a payment method
- Excellent reputation for sports betting
- In-play and live streaming via Betting TV
- Enhance odds for football
- iOS and Android friendly
- Does not offer any betting tips
- Features over 25 pre-match and in-play markets
- Free betting tips and access to the Betway Blog
- Offers competitive betting odds
- Cryptocurrency payments are not an accepted form of payment
- Cryptocurrency and mobile-friendly betting platform
- Free to access live streaming
- Competitive in-play and pre-match odds
- Some casino games may be inaccessible due to licensing restrictions
- Features over 20 sports markets and hundreds of daily events
- Mobile-friendly and compatible with iOS and Android devices
- Offers a Spanish language platform
- Does not offer live streaming
Competition between Operators
Under the current legislation in Chile, competition between operators is limited to land-based operations only. While operating online, the major of competition centres around the 25 casinos in Chile and their relative locations. However, as each region is only allowed one casino, the threat of competition between operators is all but non-existent.
Bonuses from Chilean Bookmakers
Like most, Chilean bookmakers offer a variety of incentive themed promotions to attract customers. For the most part, the promotions that punters can dispose of are similar to punters in other countries. The most predominant of those offered include new player bonuses, reload bonuses, free bets, and other sports and casino related promotions.
Betting Features and Options in the Chilean Bookmakers
The betting features and options Chilean bookmakers offer enhance the overall punting quality experienced. Most features and options, such as live betting and streaming, are consistent with most bookies. However, there are some features that not all bookies offer but are worth mentioning.
What are the available Payment Methods in Chile?
The available payment methods in Chile include e-wallets, cryptocurrencies, debit cards and credit cards. Due to the legalities for offshore betting in Chile, the more preferable payment methods for Chileans are cryptos. The benefit to having the crypto option is the anonymity they provide Chileans, even though transactional fees apply.
Chilean bookmakers do not charge a deposit or withdraw fees in terms of transactional costs. However, they set minimum deposits that generally range between $10 – $20. As bookies may accept the Chilean peso, those amounts will be based on posted exchange rates. The minimum amounts for deposits and withdrawals will be based on the respective cryptocurrency concerning cryptos.
Another topic relevant to payment methods is deposit and withdrawal processing times. All deposits are processed in real-time and applied within 30 seconds or less. However, withdrawals are based on payment and can take up to seven days for processing.
What are the Mobile Betting options in Chile?
The mobile betting options in Chile include iOS and Android mobile apps and mobile websites. Each mobile betting option is optimised for user experience and consists of various options. These vary from easy to download apps to betting and player usability features, banking options, and security features.
It is worth noting that betting apps are free to download and install, accessing mobile site betting platforms. The good news for Chilean punters is either option is ideal for sports punting and accessing casino games. The functionality remains the same and is consistent whichever of the two users choose when accessing their accounts.
Are online casinos available in Chile?
Like local casinos throughout Chile, online casinos are easily accessible to Chilean citizens. However, unlike land-based casinos, online casinos are illegal, although authorities make no efforts to enforce online gambling laws. That means Chileans are free to play a wide range of online casinos games, with the largest of those being slots.
Along with having access to an extensive portfolio of slots, online casinos in Chile offer various other games. The majority of these include table games, live dealer games, bingo, poker and other games of chance.
More importantly, all games delivered via our list of top 6 Chilean casinos are regulated and provided by licensed game providers. Not only are each of the casinos licensed and regulated, but they offer generous promotions and other perks.
What are the leading sports for betting in Chile?
The leading sports for betting in Chile are Football, Tennis, Handball, and Basketball. As the leading sports, they are not the only sports as others like cycling and golf are also popular. However, we have included a brief overview of each to explain their popularity.
As a South American country, football ranks as the most popular sport and is favoured by both players and fans. Chile is home to multiple leagues, national teams and is a sport that is a big part of the countries youth sports program.
Tennis is another popular for Chileans due to the country’s success at the World Cup Clay Tournament in 2003 and 2004. Another contributing factor to the sport’s popularity is the Chile Open that is part of the ATP Tour.
A substantial attraction to betting on handball for Chileans is the Chilean Men’s National Handball Team. Adding to its appeal for punters is the countries Handball Federation and their work with schools and local handball clubs.
Basketball is another leading sport closely tied to the country’s national basketball team. In addition to its men’s and women’s national teams, basketball is predominantly played in schools and domestic leagues.
The profile of a Chilean Bettor
The profile of a Chilean bettor is mostly based on historical data that has shown the country to be passionate about sports betting.
The overwhelming majority of those who participate in sports-related gambling activities are males between 18 and 65. However, female bettors in the country are more drawn towards land-based casinos and generally favour games of chance. These average ages were unavailable, as was any data relating to the typical players economic status.
FAQ about online betting in Chile
Is online betting legal in Chile?
No, online betting in Chile is not legal.
Are there any taxes for Chilean players on their winnings?
No, Chilean players are not taxed on winnings resultant from gambling-related activities.
Can I open an account and play in CLP?
This will depend on the sportsbook or casino and whether they offer the Chilean Peso as an accepted currency for deposits or withdrawals.
Are there any betting restrictions for Chile players?
Yes, Chileans will experience some betting restrictions. However, these mostly relate to geolocations and the specific licensing limitations of certain software developers.
Do Chilean betting sites accept Bitcoin and other cryptocurrencies?
Yes, many top betting sites in Chile we recommended accept Bitcoin and other cryptocurrencies.
Are lottery games legal in Chile?
Yes, but only those licensed by the Loteria de Concepcion.
Will I be fined if I gamble with offshore betting sites?
Yes, Chilean laws have fines under its current legislation, although authorities seldom enforce its online gambling laws.
Our verdict about betting in Chile
The current climate for online betting in Chile may be less favourable than Chileans would like, but the future looks bright. From all accounts, the Chilean government favours enacting laws to allow all forms of online betting. Unfortunately, it is not expected to become legal for several years, limiting Chileans options.
However, as we have mentioned, the Chilean authorities do not actively enforce the countries online gambling laws. It is clear the practice is widely accepted, and therefore Chilean punters are free to bet online at their discretion.