Philippines Betting Sites

Top 5 Betting Sites in Philippines in 2023

• Freshbet
• Greatwin
• Sportsbook.io
• LeoVegas
• Sportaza

Sports Betting Regulation in the Philippines

Land-based and online sports betting laws in the Philippines are pretty complicated. You will be relieved to learn, however, that joining and betting at online betting sites is legal in the Philippines.There is even a 2012 Court of Appeal decision that puts the legality of online betting sites, particularly offshore betting sites, to rest.

According to this decision, any activity that is not listed as specifically illegal is allowed in the Philippines. So, bettors cannot be penalised for it. In short, you are free to register and place bets at online betting sites in the Philippines, and no one can stop you from doing so.

Two Philippine Regulators

Now, let's return to the Philippine gambling scene and the bodies that regulate it. There are two regulators in the Philippines, the Philippine Amusement and Gaming Corporation (PAGCOR) and the Cagayan Economic Zone Authority (CEZA).

PAGCOR - Regulates Land-Based Betting

PAGCOR is a regulator that oversees all retail gambling and betting activity in the Philippines. The state-owned authority also operates land-based wagering establishments in almost all the major cities in the country. PAGCOR is responsible for issuing licences to brick-and-mortar wagering operators too.

CEZA - Regulator of Online Betting Sites in Philippines

CEZA, on the other hand, is the authority in the Cagayan Economic Zone and Freeport. The zone in northern Luzon was established in 1995 by Republic Act No. 7922, also known as Cagayan Economic Zone Act.

CEZA is a renowned regulator recognised globally for its operations and is responsible for issuing online casino and sports betting licences in the Philippines. However, the contradiction with the regulator is that a CEZA licence allows an online betting provider to operate in the Asian online wagering market but does not grant it permission to accept Filipino bettors. 

Fortunately, as previously stated, punters can join betting sites in the Philippines without fear.No law bans them from doing that, and Philippine courts have confirmed that too.

Online Sports Betting Taxes

Regarding sports betting taxes, the laws in the Philippines are quite vague. Going strictly by the book of the law, sports betting winnings, and any type of gambling windfall, incur taxes. If you win up to €170 (PHP 10,000), 10% should be deducted from your total winnings. If your wagering income is higher than PHP 10,000, you should pay a 20% tax. However, reports from the Philippines claim that authorities are yet to persecute bettors for not paying taxes on their winnings.

When you play at the best online sports betting sites in the Philippines, you get all the bonuses you can handle and then some. These bookmakers value both their new and existing players. So, you can expect to benefit from tonnes of free bets, cashback promos, and reload deposit bonus offers.

Free Bets

The best sports betting sites in the Philippines offer a fantastic selection of free bet promotions.With free bet bonuses, Philippine bookies give you bet credits that you can use to place sports bets without spending your money.

Now, there are some conditions you need to meet. For instance, you often need to make a minimum deposit to trigger the free bet. You also need to place a qualifying bet where you meet the minimum odds requirements. For some free bets, you must include several selections in your bet slip, too.

Last but not least, wagering requirements are important. Often, you have to roll over your free bet bonus (and maybe even your deposit) before you can withdraw your free bet winnings.

Cashback

Top sportsbooks for online betting in the Philippines don't just reward you when you win. They also give you back some of the funds you lose. These promotions are called cashback offers. With the best cashback offers, you get a percentage of your losses back at the end of the week/ month, or some other calculating period.

Let's explain this. Let's say you kicked off your online betting adventure in the Philippines, and you won and lost some bets. You won €500 but lost €300. Fortunately, the bookie has a 10% cashback bonus. That means that in addition to your winnings, the bookie will reimburse you for your losses too, and you will get €30 back. Pretty cool, right?

Reload Promos

With reload deposit bonus offers, you get bonus money from the bookmaker when you top up your online sportsbook account. These are usually match bonuses, where the bookie will match the amount you deposit. For instance, if you trigger a 50% up to €500 reload promo and deposit €300, the Philippines betting site will give you €150 in bonus money.

However, keep in mind that, as with other online betting bonuses, you will need to meet some conditions. For example, reload bonuses are usually available at certain times, like during the FIFA World Cup, Christmas, Black Friday, etc.

Also, you might need to meet a minimum deposit amount, wager at designated minimum odds, and bet on select sports betting markets. For instance, to get a reload promo, you first might need to deposit a minimum of €20 and bet on English Premier League odds of 1.50 or higher.

Mobile Sports Betting Bonuses

You can access most sports betting sites in the Philippines via a mobile device. That goes double when you play at the BetPack sites we feature here. You can wager at these bookies either via a dedicated Android or iOS betting app or through a mobile web browser.

Now, even though your mobile betting experience will be similar, it is better if you go with sports betting websites that boast dedicated apps.

That's because apps often come with mobile betting bonuses too. For example, a sportsbook might reward you with free bets or bonus funds when you download its app. You might also get some mobile betting perks when you refer friends to do the same.

How We Compare and Rank Betting Sites in the Philippines

Our mission at BetPack is to give you the best sports betting sites in the Philippines. To do that, we spend valuable time and resources and go through tonnes of aspects of the bookie's day-to-day operations. We record the positives and negatives of each Philippine online betting site in our unbiased reviews and then let you pick the bookie that works the most for you. These are the factors we examine.

Popular Payment Methods for Filipino Betting Sites

The best online sports betting sites in the Philippines work with the most popular payment methods out there. These include credit/debit cards, prepaid banking options, bank transfers, and cryptocurrencies. E-wallets such as Neteller, Skrill, and PayPal are also popular with bettors at Philippine online betting sites. Let's look at each of these payment methods and see which one will beal for you when joining online sports betting sites in the Philippines.

Credit/Debit Cards

If you are looking for a tried and tested payment method for your online sports betting adventure in the Philippines, you can't go wrong with a Visa or Mastercard banking card.

Credit/debit cards facilitate instant deposits and trigger welcome bonuses and free bets without a problem. They are reliable and easy to use, too. You can deposit and withdraw just as you would when making any online payment.

On the downside, to make a credit/debit card deposit, you need to enter a lot of sensitive financial information, including the CVV number, which bettors dread sharing. Another drawback is that banking card withdrawals are not the fastest ones out there and may take as many as three or four days to complete.

E-Wallets

Where credit/debit cards falter, e-wallets excel. PayPal, Neteller, and Skrill deposits are super fast for both payment methods. However, unlike banking card payouts, e-wallet withdrawals are usually completed within the same day.

With most e-wallets, you also don't enter any financial information when depositing into your online sportsbook account. All you need to type in is your email address, and you will be good to go.

On the other hand, e-wallets are notal if you want to get welcome bonuses. E-wallets like Neteller and Skrill won't trigger many of the sign-up offers out there. Despite the fact that digital wallets are the preferred method of payment for punters, including Filipino bettors,

Bank Transfers

With bank transfers, there are no unknowns; what you see is what you get. If you are using bank transfers for online sports betting in the Philippines, you will definitely get your payouts, and your deposits will reach your online sportsbook account. Wire transfers are tried-and-tested payments that have been around for ages and are the first choice for risk-averse bettors.

However, as you might know, bank transfers are really slow. In fact, they are the slowest of all the payment methods you can use for betting in the Philippines. A wire transfer withdrawal may take as long as seven days to get to your account.

Cryptocurrencies

Many online gambling sites in the Philippines accept cryptocurrencies. The great thing about crypto payments is that you can use your crypto wallet to make deposits and withdrawals at online betting websites in the Philippines. So, there's no need to use one payment method for deposits and a different one for getting your payouts.

Another perk of playing at Philippine sports betting sites with crypto is the security you get. You don't leave any sensitive banking information behind you when making crypto deposits. You also know that no one will get to your winnings, as the computing power that an individual will need to do that is not within the realms of possibility.

The drawback of using crypto payments is the speed of transactions. While crypto payments are not the slowest payment systems at Philippine sport betting sites, they are also not the fastest.

All Philippine sports betting websites are not the same. Some are more reliable than others. You may think that the bookie you found is the best Filipino sports betting site out there. And you might be right.

But what if you are wrong? What if the betting website you picked is a fraudulent front for a sportsbook that's after your money and personal information? If that's the case, you are in big trouble.

Fortunately, there's a way to avoid this. All you need to do is go with the legal sports betting sites we feature here at BetPack. Our experts have tested all Filipino online sportsbooks and have included only trustworthy and reliable ones.

These bookmakers are not the only leading sports betting sites in the Philippine industry. They are also the most trusted sportsbooks out there. They have licenses from reputable regulators and use the latest security technology. So, if you want to wager carefree, the best online betting sites we feature are the way to go.

Conclusion

Online betting is allowed in the Philippines. Even though Philippine authorities have not officially given the green light and made online betting legal, they have also not deemed it illegal. And, according to a Philippine Court of Appeal decision, that means bettors at Philippine betting sites can bet online without worrying if they will get in trouble. And that's great.

Another advantage is the variety of Philippine betting sites available to punters.Unfortunately, having so many betting site options also means that sports bettors have to be careful not to fall for a fraudulent bookie.

And that's where we come in. We test and review all sites for online betting in the Philippines, and only include legitimate sportsbooks licenced by renowned online gambling regulators.

But we don't stop at that. We also tell you which Philippine sportsbooks have the best-betting markets, boast top mobile betting options, and offer top-notch live betting sections. We don't forget to inform you about the quality of their sports betting bonuses, either.

So, if you want to make the most of each bet you place, the Philippine betting sites we give you should be your first port of call. Join one now and experience online sports betting in the Philippines the way it should be.