Betting in Venezuela is a popular hobby enjoyed by many who have an interest in playing casino games or betting on sports. While Venezuelans can bet on sports at five licensed establishments in Venezuela, the favourable betting environment and gambling laws have allowed online betting sites to flourish. This is even more relevant for those located in less densely populated areas who have access to a reliable internet connection.
TOP Betting Sites in Venezuela
Moreso, the limited licensing opportunities and the government’s lack of legislation relating to online betting opens more doors than it close. As a result, Venezuelans are free to punt with some of the top bookmakers in Venezuela and benefit from the lucrative bonus opportunities.
Our list of online betting sites in Venezuela is perfect for anyone interested in where to bet in Venezuela. Considering the open door policy taken towards online betting sites, some of the best bookies offer untapped opportunities for sports bettors. Here is a list of the top five based on our evaluation and player feedback.
Bet365
Founded in the United Kingdom in 2000, Bet3365 is licensed by the UK gambling commission and maintains offices in Gibraltar. As a member of the International Betting Integrity Association, Bet365 delivers a wide variety of betting platforms. Their portfolio includes sports betting, poker, bingo, casino, and live casino gaming.
As an established bookie, the Bet365 platform is considered exemplary in an industry that is packed with competition. The Bet365 interface offers a substantial number of features designed to increase moveability. This ranges from the logically located menus to intuitive controls, assistive features and flexible payment options.
- Pros
- Excellent market covered for over 28 sport types
- Superb features and competitive odds.
- Options for poker, bingo, casino and live dealer games
- Cons
- Some features may be unavailable in Venezuela
LeoVegas
LeoVegas is a Malta Gambling Authority licensed gambling site that is owned and operated by LeoVegas Gaming Plc. Established in 2012, the multi-faceted betting site is based in Triq Bisazza, Sliema and includes instant sports and casino betting access. Praised for its reliability and reputation, LeoVegas is the recipient of multiple awards and is available in ten languages.
As a sports betting provider, the LeoVegas sports betting platform is designed with a simple to use interface. Mainly focused on live betting, it features multiple navigational options such as upcoming and tending. Likewise, the sportsbook includes multiple promotional offers, a loyalty program and a higher than average rate of usability.
- Pros
- Over 30 sports betting markets
- Competitive im-play betting odds
- Multiple Venezuelan-friendly payment methods
- Cons
- Does not offer Live streaming
Betway
The brand Betway is member site of the Betway Group and has been operational since opening in 2005. Based in Malta and the official partner for Westham United and the Tottenham Spurs, Betway is licensed by the Malta Gaming Authority. Likewise, the bookie is eCOGRA certified and a member of the International Betting Integrity Association.
As a bookie with a reputation for offering a reliable platform for sports punters, bettors will find over 25 markets. Each displays events in an easy to navigate manner with odds and betting markets clearly displayed. Other options include quick links for upcoming sporting events, an online casino and a variety of esports.
- Pros
- Large variety of sports
- Excellent live betting platform
- Superior odds for live and pre-match events
- Cons
- Cryptocurrencies unavailable
Betwinner
Betwinner is an established sports betting operator that was founded in 2018 and owned by Prevailer B.V. Located in Cyprus, the company is the holder of a license in good standing from the government of Curacao. As a Venezuelan-friendly sports provider, Betwinner offers extensive market coverage for over 25 sport types and includes live betting and streaming options.
As for the betting platform, BetWinner balances its betting services with a variety of customizable features. These are available for all platforms, including the sportsbook, casino, games section, live casino, bingo and lottery. In addition, options are available for languages, currency, support and banking functions.
- Pros
- Access to over 1,000 sporting events monthly
- Crypto-friendly payment options
- Includes a betting exchange and casino
- Cons
- Website needs to be visually updated
Marathonbet
Marathonbet was founded in 1997 and is a United Kingdom Gambling Commission, Curacao, Spanish, Italy, and Belarus licensed betting establishment. Owned by the Marathon Group, it has established offices in the United Kingdom, offers sports, casino, sports and virtuals and betting on financials.
Marathonbet provides a finely-tuned interface that is player-intuitive to accommodate its multiple betting opportunities. Some of the features inherently incorporated into the site include easy access to top and side menus. Additional features are available for quick access to results, statistics, settings, promotions and apps.
- Pros
- Strong betting odds
- Loads of options
- Excellent customer support
- Cons
- Welcome bonus for the sportsbook not available
Why Choose Online Betting in Venezuela
When it comes to why you should choose online betting in Venezuela over brick and mortar establishments, the answer is easy. First and foremost, online betting establishments offer a far greater range of gaming options than your typical land-based casino. Along with your usual collection of table games and slot machines, there are opportunities for sports, poker and bingo enthusiasts.
Even moreso, the legalities for online betting in Venezuela provides an excellent opportunity to punt with licensed bookmakers. While you will find new Venezuelan betting sites, most are established and operate under strict guidelines. Considering the illegal trade in Venezuela, that alone is a strong argument for favouring online versus land-based. Moreover, it is difficult to beat the higher odds bookies offer, and for casinos, the higher payout percentages are appealing.
Is Online Betting Legal in Venezuela?
One advantage Venezuelans have over other South American countries is the ability to bet online legally. This results from the laws governing gambling legalizing sports, casino, fantasy, bingo and poker. The only issue from a legality standpoint is the gambling laws do not account for online regulation. While legal within the country, the licensing authority has only issued licenses to a small number of operators.
However, from a player perspective, this is advantageous as Venezuela does not limit access to unlicensed Venezuelan operators. Essentially, bettors or free to play as they see fit without fear of actions from the government. Likewise, sportsbook and casino operators are able to operate freely without any penalties.
Trivia/Did you know that…
While gambling is legal in Venezuela, only dog racing, horse racing, bingo hall operators and the national lottery are licensed by the National Commission for Casinos, Bingo Halls, and Slot Machines.
While the Venezuelan national language is Spanish, the majority of licensed betting sites cater to the tourism trade and therefore offer English speaking dealers.
Like other regulated jurisdictions, the Venezuelan government requires players be at least 18 before they are legally entitled to gamble at a state-licensed betting establishment.
Venezuela has 14 licensed gambling establishments in 13 different cities. The largest o those is located in the city of It features nine poker tables, over 325 slot machines and close to 30 table games.
Like other Latin American countries, cockfighting and bullfighting are legalized in Venezuela.
Are there restrictions on Venezuelan players by some bookmakers?
The general climate in Venezuela with most bookmakers is such that punters will not experience many restrictions. This levels the playing field as it increases the flexibility Venezuelans have in terms of options. While this is relevant when betting on sports, casino punters will experience some software restrictions. However, this is few and far between and should not result in an over abundance of service denials.
Gambling Facts at a Glance
- Currency
Venezuela is one of the few countries that have refused to adopt other currencies despite the Venezuelan Bolívar suffering severe economic difficulties. It is continually rated as one of thelowest valued currencies in the world. - Population
Based on the latest data, the population in Venezuela is estimated to be 28.3 million. The country’s population represents 0.36% of the world’s population and has an average of 83 people per square mile. - Active players
Unfortunately, due to political unrest and Venezuelans’ constant economical upheaval experience, active player data is limited. However, the information available suggests more than 40% of its population regularly gamble in hopes of supplementing their income. - Regulatory authority
All gambling activities and licensing in Venezuela is regulated by the National Commission for Casinos, Bingo Halls, and Slot Machines. Unfortunately, the commission has only issued a limited number of licenses and generally turns a blind eye to online betting venues. - Licensed gambling products
The range of licensed gambling products in Venezuela includes slot machines, bingo, lottery, casino games, fantasy sports and sports betting. In addition, bullfighting and cockfighting are legally licensed within the country. - Types of operators
Like most world economies, the Venezuelan gambling market is comprised of state-licensed casinos and offshore operators. Based on state law, all operators are required to be licensed, although the majority operating online are licensed by international gaming control boards.
How to Choose the Right Online Betting Site
Anyone who enjoys sports betting will appreciate there is more to choosing the right online betting site than meets the eye. When one considers the sheer volume of sportsbooks, spontaneity is not the way to go. Before jumping the gun and sighing up with a bookmaker, you may want to take the following considerations:
- Ensure the bookmaker has an established reputation that testifies to their trustability, accountability, safety and secure handling of personal data.
- Verify the operator has a valid license from a reputable gaming control board that authorises it to operate legally within your country.
- Offers competitive odds and pricing and includes a comprehensive variety of betting features such as cash out options, live streaming and in-play betting.
- Includes a diversified selection of promotional products such as special offers, deposit bonuses, free bets and VIP services.
- Offers above-average customer support services that are responsive and available via a variety of methods such as live chat, email and telephone.
Bonuses for Venezuelan Players
In the highly competitive world of sports betting, bonuses for Venezuelan customers play an important role in a bookies overall success. In this respect, Venezuelan players are spoiled when it comes to choosing bonuses aimed explicitly for their benefit.
The promotional bonuses at their disposal range from new player offers to free bets and cashback bonuses. In addition, bookmakers frequently offer opportunities for enhanced odds and other special offers such as exclusive giveaways.
Most Popular Sports to Bet on in Venezuela
In an era that allows bettors the flexibility to explore their love of sports betting, Venezuelans are predictable in their choices. Exactly where their loyalties lie in terms of sports popularity are mostly driven by cultural preferences. Based on statistics from leading Venezuelan bookmakers, the most popular sports in Venezuela include:
- Football
- Basketball
- Baseball
- Tennis
- Rugby
- Cycling
- Swimming
- Golf
Mobile Betting in Venezuela
For a South American country whose economy is often stressed, its mobile network is surprisingly reliable. There are over 28.7 million mobile users in the country, which translates into one device per person based on population statistics. The availability of mobile betting apps and mobile versions for sportsbooks and casino is substantial. Most online operators offer mobile compatible websites, and industry trends suggest this is preferred by the majority of bettors in Venezuela.
Are Online Casinos Popular in Venezuela?
While Venezuelans have the option to gamble at 14 licensed gambling establishments, online casinos are the popular choice. A major contributing factor for this is their overall availability and superior accountability and regulatory oversight. The fact that the best Venezuelan online casinos are licensed gaming establishments only strengthens their popularity. Not only does it ensure a safe betting experience, but it increases Venezuelans faith in the legitimacy of payouts. As a result, Venezuelan bettors flock to online casinos to play card games, slots, scratchcards, instant win games, or live dealer games.
Supported Payment Methods
The majority of Venezuelan sportsbooks provide viable payment solutions as a means to freely deposit and withdrawal. As the availability of payment methods are similar to other jurisdictions, they include credit cards, prepaid cards, mobile payments and cryptocurrencies. Transaction times for deposits are instant, while withdrawals can take up to seven days. However, cryptocurrency withdrawals are often processed in real-time.
Like many punters in other countries, Venezuelans are required to pay taxes on a portion of their reported winnings. This includes a 16% tax on winnings derivative from lottery and horse racing and 34% for casino game winnings in Venezuela. However, as online operators are not required to report winnings, taxation is subjective to the individual’s winningness to report gambling-related income.
FAQs
Are Venezuelan bookmakers safe?
Is it legal to gamble online in Venezuela?
Yes, it is legal to gamble on sports, bingo, poker, and casino games in Venezuela.
What is the minimum deposit requirement with a Venezuelan bookmaker?
The minimum deposit requirement will depend on the particular bookie. Generally, this amount is equal to $20USD.
Which bookmaker has the best betting sites bonus in Venezuela?
One bookmaker with a reputation for offering some of the best betting sites bonuses is Bet365. They include deposit bonuses, free bets, and odds boosts, to name a few.
How old must I bet to place a bet?
The minimum age requirement for Venezuelans is 18.
Which is the best sportsbook in Venezuela?
While we believe determining the best sportsbook in Venezuela is a personal choice, we have found Bet365 offers one of the best platforms for sports betting.
Do top Venezuelan bookmakers charge withdrawal fees?
Generally, most will not apply any withdrawal fees unless withdrawing to your bank or a cryptocurrency.
Which Venezuelan bookmakers offer the best bonuses?
As the nature of bookmaking dictates a high level of competitiveness, it is impossible to suggest one bookies offers are better than another’s.
Final Thoughts
Even though Venezuela has a troubled history with illegal gambling, it is remarkably open, leaving bettors with a wide range of choices. The most valuable of those is to bet freely online without the added burden of restrictions or overly aggressive regulations. The regulatory safety measures add to the value afforded to Venezuelans who punt online, as is the generosity resultant from competitive promotional offers. Ultimately, these are far more favourable than those offered via land-based establishments and more profitable in the long run.
