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Best Betting Sites in Chile

Best Betting Sites in Chile

Updated: 15/03/2024 01:16 PM

If you're looking for the best sports betting sites in Chile, you're at the right place. This guide is specifically designed for new and seasoned bettors looking for the best online Chile bookmakers. It covers a lot of ground, including how we pick them, what betting markets they offer, and what the average Chilean bettor profile looks like. Read on to find a list of the top Chilean online sportsbooks for an easy pick.

Table of Contents

Sports Betting Regulations in Chile

The history of gambling in Chile dates back to 1852 when the first rules were introduced. It has been popular ever since, with the gambling laws changing depending on the Chilean government. The current laws date back to 2005. At that time, the Chilean government banned international sportsbooks, although only on paper. Players are free to enjoy gambling services at offshore operators, despite the fact it's illegal.

The regulatory authority for all gambling services is the Superintendencia de Casinos de Juego. It governs all land-based casinos that have been active for decades. The first land based casino in Chile is the Vina del Mar, which opened its doors in 1931. The SCJ allows a total of 24 casinos to operate in the country, with lotteries being very popular as well. But, just like with everything else, only state-owned companies can offer lottery betting.

Online sports betting in Chile is prohibited. At least for the moment, as there's already a bill forwarded to the Senate that will finally make online bookmakers and casino sites legal. But, they've been illegal for quite a while, with the Chilean government giving the land-based gambling industry full power. Online betting sites have been considered unfair competition and illegal, until the outgoing government in 2022 proposed a new bill.

Current Dynamics and Future Outlook of Online Betting in Chile

Even though legislation has not yet been granted, bettors are expecting good news pretty soon. When online betting becomes legit in Chile, it will undoubtedly have many fans. With no government document that regulates online gambling in the country, Chileans are left to bet online at offshore bookies. You can open up a betting account with ease at international online bookmakers with ease, and place bets on your favourite sports without thinking twice.

They offer top-notch gambling services, and there's nothing the government can do to stop you from joining the VPN-friendly betting sites. Some time in the near future, we might see legal betting sites in Chile, and everyone's hoping regulation comes soon. There's no word on when the gambling laws might allow, so until then, you can rely on this guide to find the top betting sites in Chile and South America. No need to visit betting shops - it's much easier to bet online.

Key Facts & Stats About Online Sports Betting Sites in Chile

Below you can see some important stats about betting in Chile and how the gambling world operates in regards to sports betting and casino games.

Annual Growth Rate

Industry Growth

Betting Frequency

Popular Sports

The betting industry in Chile, which is currently confined to one operator and betting shops, passed the $400 million mark in 2023. It's constantly on the rise, with stats showing an annual growth rate in the vicinity of 40%. That will put it over the $1 billion mark in 2026, and maybe even higher if online sports betting is legalised by then.

How to Pick the Best Chile Betting Sites

With so many foreign online bookmakers to pick from, it's not easy to make a pick. There's no such thing as a perfect bookmaker. Even the top-rated betting platforms have some kind of disadvantages. In the end, you should always go for the betting site that suits you the most. That's never easy as you need to check out betting features, markets, the value of free bets and promotions, mobile apps, and more. There are so many things to look out for when choosing new betting sites. We've combined the most important factors for sports bettors below, so you can make an easier choice for sports betting in Chile.

Step 1

Licence and Reputation

If you want a proper experience at the top sports betting sites in Chile, you have to choose a licenced operator. Despite the fact you're playing at offshore bookies, you must ensure they have a license. Most betting sites in Chile are licenced by Curacao or the MGA. Either way, you must check the licence on your own. This is done easily by scrolling to the bottom of the page. You can see the logo of the licencing authority and the number too. Check them online to see if the number is valid. It's also recommended to check real user comments on the web. Reading our reviews of the top online sportsbooks in Chile or pulling player reviews from the web will give you a perfect idea of what to expect. If the comments are mainly negative, you should look elsewhere.

Step 2

Free Bets and Bonuses

When you're looking for sport betting sites in Chile on the web, you should find those who have the top free bets and bonus offers. A proper online sportsbook will start things off with a welcome bonus or free bet. It should be followed up by more free bets, deposit bonuses, reload bonuses, cashbacks, and more. The more bonuses you have on offer, the better. The best sport betting sites will also have specials ever weekend and for major horse events such as football and horse racing. Make sure to check the promotions page of each Chilean betting site you're planning to join and see if the bonuses hold any value.

Step 3

Payment Methods

Before you start betting at top Chile betting sites, you should check to see which payment methods they accept. The most popular payment methods include cards, e-wallets, prepaid vouchers, and even cryptocurrencies. Make sure the options on offer are trusted. It's preferable to use the same payment method for both deposits and withdrawals. It simply saves a lot of time instead of choosing alternatives to withdraw your gambling winnings. Choose your payment method carefully. You should make sure the limits suit you and that it's easy to use on any device. If it has an app for sports betting on the go, it'll be even better.

Step 4

Variety of Sports Markets

Always choose a bookmaker that has the greatest variety of sports markets. They should cover both fixed odds betting and live betting. Of course, the sportsbook should cover your favourite sports too. It doesn't make a lot of sense to choose an Esports betting site if you're a big football fan. While most online sportsbooks nowadays have at least a few dozen sports to bet on, you should still check the variety. If it has everything you want to bet on and hundreds of markets as well, it's the right pick. Features such as bet builder or early cashout only make things better.

Most Trusted Chilean Sportsbooks Online

Check for reliable betting sites that all licenced and legit, and offer a high degree of security features which include SSL encryption. They also have stellar reviews online with hundreds of positive experiences from real users.

Betting Site	Licence
Velobet	Curacao
Novibet	MGA
Kingmaker	Curacao
BC.Game	Curacao

Free Bets & Betting Offers in Chile

Free bets and betting offers at Chilean online sportsbooks are very common. They come in many varieties. You will most likely get a free bet when you join a top new betting site. If it's not a free bet, you'll have a deposit welcome bonus similar to what online casinos offer. Either way, there's some kind of welcome offer for new players at the most reliable sportsbooks on the market.

And that's not all. Reputable online betting sites will also have free bets and bonuses for regular Chilean bettors. As a regular, you can expect more deposit bonuses, special bets for all kinds of sports events, and even more free bets. You'll find that this bonus is pretty popular with both sportsbooks and bettors. While it's not free money as it suggests, it's as close to it as possible.

When you claim any sports betting offer or a free bet, you should always read the terms and conditions. The same goes for the welcome bonus. The top betting sites will have straightforward rules that allow players to convert the bonus or free bet to real money. Wagering requirements are the most important condition, telling you how many times you need to wager the bonus or free bet before you're allowed to withdraw. Of course, you should also check the eligible markets, the minimum allowed bet, and the time you have to wager the bonus funds.

Special free bets that are on offer for specific events such as football matches or horse races only run for a limited period. That's why you need to read the bonus T&Cs at the best Chilean sportsbooks, regardless if the lingo is too legal or - and we admit it - the whole thing is boring.

How We Compare and Rank Betting Sites in Chile

Here at Betpack, we compare and rank the top betting sites for Chilean punters. Which isn't as easy as it sounds. Our betting sites aren't just names we throw around on the page with no previous research. In fact, we pay attention to many important factors. It's more than just the license or the variety of sports markets and other gambling activities. The betting app is important too, as is the variety of deposit bonus and free bet offers, and of course, the value of the odds.

Here are some of the factors we check when we conduct in-depth reviews of the best sports betting sites in Chile.

Ease of use

Let's start with the first thing, which many consider unimportant. The ease of use of the website you're joining is of major importance in our reviews. A decently organised website with a modern design simply leaves a much better first impression than those with a cluttered interface. You may not think bad designs are a thing in the current era, but trust us - they are. The best betting sites will be nicely organised and available on a range of devices, including PCs, laptops, and of course, mobile devices.

Licence / Security

The licence and the security features of a sportsbook are important as well. We always check the licence before we list the online betting sites. The online bookmakers we list hold valid licences from the Malta Gaming Authority, the UK Gambling Commission and other governing bodies. Of course, we also manually check the licence number on the web, try to ensuring that it's not a scam. A good bookie should also have proper security features that at least feature SSL encryption to keep your data safe.

Welcome Offer

When you're on the hunt for new online sportsbooks, you should ensure it has a range of promotions, welcome bonus and free bets. In fact, it can leave a good or bad first impression just like the design. Betting sites compete against each other in order to attract more bettors. This can only be done with a proper sign up offer. Most will offer a special free bet with fair terms, or a deposit bonus with lucrative offers, or even free bet no deposit bonuses you can find. Whatever the welcome offer, make sure you read the terms. If you don't, you're risking losing your funds and possibly the funds you've won.

Mobile Betting App

Last, but not least, your bookie of choice should be fully mobile-optimised. Mobile apps are getting increasingly more common. If your preferred bookmaker has one, that's great. If there isn't, it should at least offer a mobile-optimised website that works on both Android and iOS devices. With a mobile website, you don't need to download anything. While mobile betting apps are superior in terms of functionality and design, mobile-optimised sites are much easier to use.

Top Chile Betting Sites by Category

Best for	Sportsbook
Best Crypto Chile Bookmaker	Winz.io
Top Chilean Bookmaker for Bonuses	Megapari
Best Chile Betting Site for Football	22Bet

Popular Payment Methods for Chilean Betting Sites

Chilean punters can choose from a wide range of payment methods at the best betting sites in the country. Bank transfers are convenience and popular, except they're mostly aimed at high rollers. This is because of the higher deposit and withdrawal limits, which can't compare to e-wallets.

A good alternative to bank transfers is using credit and debit cards. You can use Visa and Mastercard which offer bank transfer-level security with decent limits. Payouts are fast via cards, although there are much faster options out there.
Among them are e-wallets, some of which have been specifically designed for online gambling. Khipu and Mach Pay are both popular, allowing Chilean bettors to make money transfers with just a few clicks. These options are used for digital payments in Chile every day, and that's why they're so popular.
Alternatively, you can also bet with cryptocurrencies at some betting sites in Chile. They offer fully anonymous deposits and withdrawals with lightning-speed transaction times. They're decentralised which means they're not run by any financial authorities, which makes them interesting for many Chilean bettors.

Most Popular Sports to Bet on in Chile

Chileans like to bet on all kinds of sports, but there are a few ahead of the rest. We'll cover the top three below which are available at the top Chilean sportsbooks.

Football: Football is a religion in Latin America, and Chile is no different. You can bet on all the action from the domestic league, the European leagues, and international tournaments and competitions. More importantly, bettors can find thousands of markets on offer, including fixed odds and live streaming options. Many of the top football sites' betting features and promotions are built around football markets, showing you how popular the sport truly is in Chile.
Esports: Esports is an emerging betting market around the world. It's a major draw for the younger population of Chilean punters. There are tournaments on Fifa, DOTA 2, LoL, and CS:GO all year round, and the action is properly covered at the top online sports betting sites in Chile. Live betting is particularly exciting, with a string of new and exciting markets with excellent odds. Don't sleep on Esports betting at the top bookies in Chile - it's a hit for a reason.
Basketball: NBA betting is a big hit in Chile. Punters can look forward to a lot of action from the best basketball league in the world night in and night out. The odds are excellent at most bookies, with NBA betting props getting a lot of attention. For those looking to improve their experience, incorporating professional basketball betting tips and strategies can significantly increase their chances of success. Live betting is available too, with valuable markets such as next point or quarter scores.

Best Chilean Betting Sites for Sports

Betting Sites	Sports
20Bet	Best for Football
CryptoLeo	Best for Basketball
N1Bet	Best for Esports

Conclusion

Despite the fact it's illegal, online sports betting in Chile is a big hit. Chilean punters won't be penalised for joining international bookmakers, including the bookmakers we've listed on this page. They offer thousands of sports events across fixed odds and live betting markets, with special features such as live streaming and special promotions too.

If you're looking for the best betting sites in Chile, you can take a look at our rankings. Choose the best betting site for your preferences and enjoy sports betting the way it's meant to be.

Frequently Asked Questions

How to Claim a Free Bet from a Chilean Bookmaker?

Claiming a free bet at the top betting legal sites in Chile is easy. All you need is to take a look at the bonus terms. In most cases, you will need to make a deposit and bet on specific odds to become eligible for the free bet and claim it.

Do Chilean Bookmakers Have Good Odds?

Yes, they do. The best online sports betting sites in Chile compete against each other, which is great news for punters as they get great odds. Don't be afraid to shop for odds - compare the value at most bookmakers and choose the ones with highest odds.

Is There a Tax on Sports Betting Winnings in Chile?

Since there are no online gambling laws at the moment, you won't be taxed on your online sportsbook winnings. But, when the Chilean government establishes laws, punters betting in Chile might be taxed up to 20% per withdrawal.

Are There Any Betting Restrictions at Chile Betting Sites?

No, there are no betting restrictions at Chile betting site apart from the age. While online betting is illegal, the government doesn't enact any penalties on bettors who bet at offshore bookmakers.

What's the Legal for Betting Online in Chile?

That depends entirely on the operator. Most bookies in Chile have a limit of 18 years of age for bettors. Some will only allow bettors aged 21 and over.