Best Betting Sites in Luxembourg 

Sports Betting Regulation in Luxembourg

Sports betting is legal in Luxembourg and has been since 1987. Online sports betting is also legal and regulated by authorities in the country, as it is mentioned in Luxembourg's gambling legislation. However, unlike other countries where more sports betting companies are allowed to operate, Loterie Nationale, Luxembourg's national lottery, has a monopoly on the country's sports betting market. The good news for bettors wagering in Luxembourg is that the country doesn't tax their winnings. They are exempt from Luxembourg's income tax.

Because Luxembourg is an EU country, it is obliged to have a liberal online betting market and allow sports betting companies to participate in it by obtaining local licenses. However, the country is still ignoring calls to introduce such a sports-wagering environment. Something similar was true for Germany betting sites. So, in 2016, the EU Top Court ruled that Germany could not restrict international bookmakers without German licenses to accept bettors from Germany, as the country didn't provide them with a way to obtain a legal gambling concession themselves. That situation is almost identical to the one in Luxembourg right now.

Welcome Bonus Offers

New bettors in Luxembourg can boost the start of their sports betting experience by triggering lucrative welcome bonuses. The best online bookmakers in the country have attractive first deposit bonus offers for bettors who open a new betting account with them, matching their deposits up to a predetermined amount. For instance, a sports betting site can give you a 100% up to $1,000 welcome bonus. That means that with a qualifying deposit of $1,000, you will get an additional $1,000 in bonus funds from the bookmaker.

Free Bets

There are a lot of online gambling products and promos that bettors find hard to resist. Free bets definitely fall into that category. And for good reason. When a sports betting site gives you free bets, it basically allows you to place sports bets without spending any of the money in your betting account. If you win and meet wagering requirements, you get to withdraw your free bet winnings as real money.

Reload Bonuses

The best online bookmakers in Luxembourg will frequently offer reload deposit bonuses. With these promos, players can benefit from bonus funds when they top up their sports betting accounts during promotional periods. For instance, sports bettors in Luxembourg often get the chance to trigger reload deposit bonuses during popular tournaments, such as World Cups and competition finals.

If the bookmaker you join has such bonuses, you only need to make a qualifying deposit during the promotional period. When you do, the sports betting site will credit reload bonus funds to your sportsbook account. With reload bonuses, betting sites don't usually match your deposit in full, although some do. More often, though, bookies will match your deposits by 50% or a similar percentage.

Cashback

Top bookmakers in Luxembourg know that not every bet will be a winning one. So, they do all they can to help you get through losing streaks without too much damage to your betting account balance. One of the ways in which they do this is by allowing you to take part in cashback betting offers. With cashback offers, the sports betting operator gives you a percentage of your losing sports bets back.

For instance, if the bookmaker has a 10% monthly cashback bonus, you will get 10% of your losses back at the end of each month. However, it is worth noting that only qualifying bets will be eligible for cashback. Cashback betting sites will tell you exactly what constitutes a qualifying bet, but most of the time, you will need to place bets at some predetermined minimum odds and back them with a minimum bet stake amount.

Popular Payment Methods for Luxembourg Betting Sites

Betting sites in Luxembourg facilitate deposits and withdrawals made using a myriad of betting payment methods. So, if you are worried about whether you will be able to fund your betting account with ease or withdraw your winnings without too much hassle, fret not. The best Luxembourg betting sites work with popular banking options. You are probably using these banking methods in your daily life anyway, so you shouldn't have any problems utilizing them for online sports betting too.

• Neteller: Neteller allows you to deposit and withdraw at online sports betting sites in Luxembourg without having to enter sensitive banking information. That is one of the reasons why most bettors choose it, as they can fund their account and ask for a withdrawal only by entering their email account, and without sharing CVV codes or some other private details. Another reason why bettors use Neteller is that it facilitates instant deposits and same-day withdrawals, making it popular among users of fast withdrawal betting sites. As with most e-wallets, though, you will have to pay quite a few fees when using Neteller and may not be able to activate all bonuses you have set your sights on.

• Skrill: Similarly to Neteller, Skrill allows you to deposit and withdraw at online sportsbooks in Luxembourg faster than most other payment systems. However, as with Neteller, you will have to contend with some steep fees that you don't usually incur when paying with credit cards, for instance. However, because punters put ease of use before most other things, Skrill is probably the perfect sports betting companion for Luxembourg bettors. It is super convenient, requires no special actions when depositing or withdrawing and is easily one of the most secure e-wallets out there.

• Visa: If you are someone who likes to keep things simple and still benefit from bettor-friendly transaction speeds and limits, Visa credit and debit cards will be right up your alley. Visa lets you deposit funds into your betting account in a matter of seconds and helps you activate any bonus the sportsbook offers. Unlike some digital wallets, Visa is never excluded from sports betting promos. So, it is the ideal option if you are looking for a convenient payment method that will unlock any betting bonus that comes your way. Unfortunately, not all things are great when using Visa at online sportsbooks, particularly when it comes to withdrawals. Visa payouts may take several days. Only traditional bank transfers take longer to complete.

• Paysafecard: Many bettors in Luxembourg want to deposit without sharing any of their personal or financial information. Needless to say, there aren't a lot of banking options that allow them to do this. However, paysafecard does. The prepaid card lets Luxembourg punters fund their sports betting account by entering the PIN the card comes with. They don't have to type in any other information. So, it is easy to see why privacy-first bettors choose paysafecard over some other banking methods. Paysafecard's drawback includes low maximum deposit limits. Additionally, it necessitates an alternate withdrawal method as prepaid cards are solely for deposits.

• Mastercard: Mastercard is an excellent banking option for bettors who want to focus on their bets and spend as little time worrying about their deposits or withdrawals. That's because Mastercard credit and debit cards get the job done with minimum fuss. Deposit instantly by entering your banking info, as with online payments. Withdrawals are simplified too; provide your banking details to the bookies for easy access to your winnings, skipping complex payout procedures. Mind you, you will have to wait for a few days for those withdrawals to be processed, though, which is the one disadvantage of using Mastercard at online sportsbooks.

• Cryptocurrencies: Crypto payment methods like Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, USD Tether, Ethereum, and others are no longer exclusively available in crypto sportsbooks. These days most sports betting sites accepting bettors from Luxembourg work with cryptocurrencies, meaning you will be able to enjoy the perks of blockchain-based payment systems at your favourite crypto online bookmaker. Some of these perks include super-secure payments, almost anonymous transactions, and lightning-fast deposits and withdrawals. Each crypto payment method has unique traits, requiring familiarity with deposit and withdrawal duration and payment limits understanding.

Conclusion

Luxembourg has a regulated sports betting market, and online sports betting is legal in the country. So, it is not surprising that the small European country has some of the most enthusiastic bettors in the world. Whether it is betting on popular football and tennis events or more obscure sports and competitions, punters in Luxembourg love to wager on their favourite teams, leagues and tournaments.

However, to enjoy their sports betting experiences to the fullest Luxembourg punters should join reputable online bookmakers. Only trustworthy sportsbooks have the bonuses, markets and security credentials bettors need to participate in a betting experience they will relish. The problem is that finding those top-quality Luxembourg betting sites is easier said than done, especially when you search for them without expert help.

That's where Betpack can help. At Betpack, we assess and review reputable Luxembourg sports betting sites and only list sportsbooks that pass our battery of tests with flying colours. In other words, the top-rated online betting sites we feature are all excellent choices for your next Luxembourg sports bet. Pick the one that has the wagering options you need, and enjoy each goal, point or horse racing photo finish in style.