Filipinos are interested in a wide variety of sports, but their passion centers on basketball. Football is also very popular in the Philippines with most of the focus on the international leagues such as the English Premier League. Bettors have to pay taxes on all winnings at sports betting sites.
How much you pay depends on the amount you earn. Any prizes that are over PhP 10, are subject to a flat tax of 20 percent. The sportsbook typically withholds these taxes, but it is possible that an international sportsbook will not withhold these taxes.
Otherwise, online sports betting earnings are supposed to be declared as ordinary income and reported at the end of the year. Depending on your tax situation, you will have to pay anywhere from five percent to 32 percent on your gambling earnings. We recommend that you consult a tax accountant or tax lawyer for more information about online sports betting taxes. Depending on which sportsbook you choose, your options for depositing may be limited compared to other parts of the world.
Some of the larger sites such as poker will accept credit cards, debit cards, bank transfer and a large variety of e-wallets. However, at other sportsbooks you may find options further limited. These e-wallets tend to be the easiest to set up and are widely accepted worldwide. Entropay is an e-wallet that provides you with a virtual Visa card number that can be used to make deposits.
Entropay is a popular option for players in the Philippines and other parts of Asia. Western Union and MoneyGram will allow you to send funds electronically either online or from a physical location to your sportsbook. While a bit more involved than other methods, they are an excellent last resort for players who are unable to use other deposit options.
Note that most deposits are instantaneous except for MoneyGram and Western Union deposits. Those may take up to 48 hours to process. If you prefer to place bets via your smartphone or tablet, then you should check out mobile betting options offered by your preferred sportsbook. Most sportsbooks offer some mobile betting option. The majority of sportsbooks now provide a mobile-optimized version of their website, which means you can access their site through your mobile web browser. Mobile-optimized sites are coded so users can access all of the same features on their mobile devices as they can via their computers and laptops.
In most cases, the sites offer the same functionality as the PC version. If your sportsbook has a mobile-optimized site, we recommend you use Google Chrome or Safari to access their website. Some sites still require that you download a mobile app for your iOS or Android device.
However, many of these apps will feature limited functionality compared to the PC version. What this means is that betting will only be available for the most popular games and styles of betting. Also, you may or may not be able to deposit into your account using mobile apps. To learn more about any available mobile betting options, check the mobile section of your preferred sportsbook. The handicapping, sports odds information contained on this website is for entertainment purposes only.
Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team.
OddsShark does not target an audience under the age of Please visit gambleaware. Google Tag Manager. Oddshark logo linked to Home. Close Menu. Top Philippines Sports Betting Sites. Show More Read Full Review. Check out Sportsbetting.
BetOnline read review is one of the most versatile sites when it comes to deposit options. These are by far the best choice for players as they have an extremely high deposit and withdrawal amount. BetOnline offers loads of year-round promotions for major sports. This deposit comes with a 10x rollover. Check out BetOnline to place bets and win! Philippine sports bettors have a lot of deposit and withdrawal options. Several banking methods which cater to Spanish-language bettors are included on the list below.
When Magellan landed in the Philippines in , one of his crewmen wrote that he saw gambling on cockfights. During the long Spanish occupation of the Philippines, gambling on cockfighting, card dens, and billiards halls was prominent. By the midth century, betting on horse races and local lotteries began. Colonial administrator Antonio de Morga wrote that casino gambling was a social problem at the time.
When American officials governed the Philippines after the Spanish-American War , they tried to ban gambling. By , US officials decided it was hopeless and allowed charitable gambling. In , it received a mandate to operate casinos through Online sportsbooks began accepting players from the Philippines, while online casinos and poker sites do the same.
Online gambling in the Philippines is legal, so long Filipino gamblers play on offshore online sportsbooks, casinos, and poker sites. The Cagayan Freeport allows foreigners to gamble, but not local residents. PACGOR, meanwhile, is both a state-run casino operator and a state regulator of gaming, though it no longer holds a gaming monopoly, as it once did. Credit Card: Visa and MasterCard are free and instant deposit methods. Skrill: Skrill Moneybookers is an eWallet which supports free and instant deposits.
Transferencia Bancaria has a customer base in Chile, Argentina, Peru, Uruguay, and Mexico, but is also available for Philippine sports bettors. Todito Cash: Todito Cash is a rechargeable prepaid card covering the Mexican states of Nuevo Leon, Coahuila, and Tamaulipas, but is available as a deposit method in the Philippines.
Bank Wire: Electronic bank transfers which are free, but take 2 to 10 banking days. This method takes 5 to 28 banking days. These take 1 to 5 banking days to complete. Debit Card: Visa Debit and Maestro withdrawals also are free, though they take 1 to 5 banking days to complete. Skrill payments arrive to you within 24 hours. Neteller withdrawals arrive within 12 hours. These take 24 hours to complete.
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With no official home court advantage and so many months removed from their previous streaks and tempos, NBA teams became trickier to wager on for Filipino sports bettors. However, most of the usual teams made the NBA Playoffs, which started with its typical team format on August Online sportsbooks or POGOs based in the Philippines are not allowed to accept local residents - only foreigners.
However, if you use an offshore sportsbook that possesses a legal license and is regulated outside the Philippines in its own home country, then you are not violating any local gaming laws. The Western Conference is considered the tougher of the two given the quality of players among the teams. The Eastern Conference is typically only dominated by a couple of teams in a given year, though these teams shift in their power pretty regularly.
During the regular season, teams play a total of 82 games 41 home and 41 away. Each team plays its division and conference rivals several times and every team in the opposing conference twice. The NBA is unique among the major American sports outfits in that every team plays every other team numerous times, which is great for Filipino bettors looking for a meaningful statistical edge to help guide their wagers. The NBA Playoffs are broken up into four rounds. The top eight teams from each conference qualify and are seeded.
The 1 team plays the 8 team, 2 plays 7, 3 plays 6, and 4 plays 5. Each series is a best-of Historically speaking, the Los Angeles Lakers and Boston Celtics are the 2 most famous teams in the league. The Celtics hold the record for the most titles with The Chicago Bulls rose to fame in the Michael Jordan era, and the recent NBA landscape has the Golden State Warriors as the most prominent team until , when the team saw a major breakup.
Not coincidentally, all these teams remain extremely popular in the Philippines. Most Philippine bettors are familiar with these players and their teams, and they tend to bet on them in large numbers. The NBA has grown more competitive lately and looks to be on the brink of a restructuring as far as the power rankings go. There are two legal and legitimate ways to bet on the NBA if you live in the Philippines. These sportsbooks have limited NBA action, focusing mainly on the most popular basketball teams in the Philippines.
The second option is to use a legally licensed offshore betting site that serves Filipino customers. These have several advantages over the MSW platform, and those benefits are described below. The MSW brick-and-mortar network is lacking in basketball betting options and live betting, and they do not allow online gambling for Philippine customers.
When it comes to convenience, MSW is all dribble and no dunk. Thus, the best option for any NBA fan in the islands is to use a legal offshore NBA betting site like those listed here. If you live in the Philippines and want to wager in the most convenient way possible while getting the best NBA odds and lines, you can sign up at one or more legal online NBA betting sites for free as long as you're at least 18 years old.
The process is simple: Just enter your name, email address, and a phone number, then create a password and submit the form. However, a condition of receiving this license is that those operators cannot offer online gambling to Filipinos.
This means that if you live in the Philippines, you will have to rely on sites based in other countries in order to enjoy online sports betting. Thankfully, our team of experts has found the best online betting sites in the Philippines so that you can enjoy placing your bets without searching through hundreds of foreign sites in the hopes of finding one you like.
Get started by signing up for one of our recommended Philippines betting sites today! Frequently Asked Questions Do I have to pay taxes on winnings? Taxes on gambling activities in the Philippines vary depending on the type of gambling being done and where it is taking place. In some cases, such as at licensed casinos, you will only pay a withholding tax on prizes larger than PHP10, There is no specific tax on online sports betting, which leads us to believe that you will not have to pay taxes on any winnings you make from online betting in the Philippines.
However, you may wish to consult a local tax expert for complete information on your obligations, especially if you take home a big win. Yes, online sports betting is legal in the Philippines. However, you will not be able to wager at local sites based in the Philippines, as they are forbidden from offering that option to Filipino players. Nevertheless, there are a number of great online sports betting sites based on other countries that are happy to take action from the Philippines.
There is no single best online betting site for any one player. We think that any one of these sites is a great choice for your online betting. However, which one is the best for you will depend on your own preferences and needs, as they each offer a slightly different product. Read our reviews to learn more about each of these betting sites and find the one that is perfect for you.
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