Europe’s oldest country, Spain’s neighbours, and Cristiano Ronaldo’s birthplace…Portugal is a wonderful country with a rich sporting history and a growing interest in betting. Read on for important information on Portuguese betting laws, the best Portuguese betting sites, popular payment methods, and more!
Table of Contents
- Best Betting Sites We Recommend for Betting in Portugal
- Top Portuguese Betting Sites – Ranked
- Is Online Betting Legal in Portugal?
- Betting in Portugal – Good to Know
- Choosing a Good Betting Site in Portugal
- Best Payment Methods for Players in Portugal
- Is Sports Betting in Portugal Popular?
- How to Bet Online in Portugal
- Best Portuguese Betting Sites FAQs
- ThePuntersPage Final Say
Top Portuguese Betting Sites – Ranked
Is Online Betting Legal in Portugal?
Prior to 2015, the laws surrounding online gambling were strict and no international bookmakers were legally allowed to operate in Portugal. Betting in Portugal was a state monopoly run by Santa Casa da Misericórdia de Lisboa. However, the market was blown wide open after the implementation of the Decree-Law 66 in 2015. This officially regulated the online betting scene and opened the market to international bookies, provided they obtain a local licence from the Portuguese authorities.
Despite this, only a handful of bookies have applied for a licence. Tax rates in Portugal are astronomically high, with online “fixed odds” sports betting companies subject to as much as 35% tax on their turnover. This has obviously deterred most operators from entering the market, and the ones that do usually offer low odds to compensate.
As a result, reports have claimed that over half of Portuguese punters prefer to sign up with unlicensed foreign operators and benefit from better prices without fear of prosecution.
Betting in Portugal – Good to Know
- The legal age to bet in Portugal is 18 years old for tourists, and 21 years old for Portuguese citizens.
- Individuals are not taxed on their sports winnings.
- International betting providers are required to operate in Portugal using a “pt” domain.
- The Euro (€) is the default currency used by bookmakers operating in Portugal.
- Operators must renew their local licence every 3 years or drop out of the market.
Choosing a Good Betting Site in Portugal
When choosing a betting site in Portugal, and when betting online abroad in general, safety should be your top priority. Signing up with a licensed operator will offer you protection in the scenario that something goes wrong. You can refer to the list on the Serviço de Regulação Inspeção de Jogos (SRIJ) website to ensure a bookie is licensed. It’s also good to look out for the SRIJ logo at the bottom of a betting website’s page.
Since many punters choose to go for unlicensed foreign bookies anyway, we'll advise that you take the necessary precautions should you decide to go down this path. Reading through expert reviews is a smart way to get a feel for an operator’s integrity, and thankfully, at ThePuntersPage, we also provide reviews on a long list of online bookies.
On another note, we always suggest you utilise a bookie’s welcome bonus. Of course, due to the hefty tax rates, you’re unlikely to find the generous offers you’d find in the UK, but deals like 888casino’s €8 no deposit bonus are still worth picking up.
Best Payment Methods for Players in Portugal
Multibanco offer a quick and easy way for Portuguese players to deposit and withdraw. Players can transfer money and make direct payments through ATMs, which can be found throughout the country in banks, supermarkets, and airports, or they can simply pay through their online account.
To create an online account, visit Multibanco's website and register using your banking details. A virtual debit card will subsequently be issued, branded according to your bank. Mastercard, American Express, and VISA are the three you can choose from. You can then enter the details of your Multibanco virtual debit card into the cashier of your chosen betting site.
The great thing about Multibanco is the ease of managing your account. You can always log in to your mbNET account to add funds, make payments, or withdraw cash back into your bank account. On top of this, since the card is virtual, you’re never in danger of losing it.
Alternatively, credit and debit card payments are very popular through VISA and Mastercard, as well as e-wallets like NETELLER and Skrill. There’s also MB WAY, an option that facilitates transactions through mobile phones and tablets.
Is Sports Betting in Portugal Popular?
Portugal is a sports-hungry nation, with the most popular sport undoubtedly football. When one of the best players in footballing history is born and raised in your country, it goes without saying that this will generate a huge a following.
Cristiano Ronaldo is adored in Portugal, and recently led his country to their first Euros triumph in 2016. He's far from being the first Portuguese player to be listed amongst the greats, however. Eusébio, Luis Figo, Simão Sabrosa, and Pepe all had illustrious careers at various points over the last 60 years or so.
Benfica and Porto also have 3 Champions League titles between them, with Porto famously winning it against all odds under José Mourinho’s tutelage.
With Portugal boasting such a successful history in football, it comes as no surprise that betting on this sport is extremely popular. Portuguese punters are avid supporters of the English Premier League, the Italian Serie A, the German Bundesliga, as well as the local Primeira Liga.
Portugal's success doesn't end there! Their futsal, rink hockey, basketball, and handball teams are all highly successful, and are popular options for punters.
How to Bet Online in Portugal
To bet in Portugal, you’ll need to start off by creating an account. Visit your new bookie’s website and register. You’ll be asked to enter personal details, including your name, surname, email, date of birth, NIF (Número de Identificação Fiscal), and IBAN number. You'll also have to enter a security question, which will be used if you need to recover your account at a later stage.
At some point, a bookie will ask you to verify your identity and bank details. This might be as soon as you register the account, but others tend to ask after you’ve requested your first withdrawal. Once you’ve submitted the documentation, bookies usually take between 24-48 hours to get back to you. If you have any problems along the way, be sure to get in touch with their customer support, either via live chat or email.
Best Portuguese Betting Sites FAQs
👩⚖️ Is online gambling legal in Portugal?
Online betting is legal in Portugal, as long as bookies have applied for and received a local licence. Right now, few bookies have obtained one. 888casino is one of them, and Betfair are also in the process of applying for one.
💲 Are winnings taxed in Portugal?
Players are not taxed for their winnings in Portugal.
💳 Which payment methods are popular in Portugal?
Multibanco, a local bank transfer payment option, is very popular in Portugal that allows players to pay quickly and safely. Other popular methods include credit and debit cards like VISA and Mastercard, as well as e-wallets like NETELLER and Skrill.
👋 Where can I file a complaint against a Portuguese betting site?
If the bookie is licensed in Portugal and is unwilling to solve your issue, taking it up with SRIJ is your best route.
ThePuntersPage Final Say
Portugal have implemented some of the harshest taxes on gaming operators that we’ve seen, and as a result, the pool of licensed bookies is small. Many punters opt for unlicensed bookies for better odds, but we have to warn you that this does come with an element of risk. Regardless of tax rates, we still expect more bookies to join the market and increase the value for punters to redeem.