However, naturally, the question always arises: is it allowed to place sports bets in Brazil? Is it legal or illegal to make money from gambling?
In this article, we will answer these recurring questions and also give you some tips on how to place bets safely.
How do sports betting work?
The basic procedure for the operation of a sports bet is known to everyone: in a sporting event, such as a football game, for example, the bettor chooses who will win the game or if it will end in a tie and invests a certain amount. If the choice is a winner, the bettor receives back the invested amount, plus the profit of the bet; if the choice is a loser, the invested amount is lost.
Given this basic explanation, let's understand how sports betting works today. Every year more and more bookmakers appear and Brazil has been one of the main markets that have generated interest in these platforms. No wonder, almost all football teams in series A and B are sponsored by bookmakers.
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These bookmakers work online, offering dozens of betting options in the most varied sports. In the same football match, for example, it is possible to bet not only on the winner of the match, but on the number of goals, corners, and Asian handicaps, among many other possibilities.
Is it legal and allowed to bet
A frequent doubt among beginners in sports betting concerns the legality of the activity, if, after all, it is allowed to bet in Brazil. The question is pertinent.
Still, in the 1940s, then-President Eurico Gaspar Dutra ordered the closure of bingos, casinos, and any type of gambling in the country. From then on, bets in Brazil were only worth those authorized by the government, such as the sports lottery.
It turns out that, with the advent of the internet, sports betting sites began to appear around the world. And, of course, these platforms also reached the Brazilian public, and it soon became a fever.
Over time, a breach in the law of the 1940s began to be observed: it prohibited betting in the country in physical establishments but did not say anything about online betting – not least because there was no internet at that time.
For years, sports betting lived in limbo within the country, until in 2018, President Michel Temer signed a law legalizing sports betting in Brazil. All that is missing is a text that sets out the rules for the regulation.
In any case, there is no reason to have doubts: sports betting is legal and, therefore, allowed in Brazil.
Tips for betting safely
With the expansion of sports betting and the emergence of new platforms in Brazil, it is important to choose the site where you want to deposit your money well.
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One of the best ways to bet safely is to choose bookmakers that are already recognized in the market, such as bet365, for example. This can be done through internet forums and discussion groups.
It is worth checking what deposit and withdrawal methods the platforms offer and also what communication channels are available. Having good support is essential for better safety.
A tip is to observe the reputation of sites on platforms precisely such as Reclame Aqui, which values the feedback offered by bookmakers whenever there is a complaint.
How to make money with football betting?
Making money with football betting is something totally possible, but it's not something simple. So forget about those ads that promise easy money without much effort. Being successful in betting requires dedication, studies, and talent. Here are some tips to succeed in this market:
1 – Start by investing little money – First of all, if you are starting out, it is important to invest only what you can afford to lose. Sports betting falls within what the financial market calls variable income. Even professional gamblers experience fluctuations, so don't risk money that will be used for other purposes.
2 – Manage your bankroll – Even starting with a little, it is important to already use the concepts that guide the life of any bettor who wanted to have a long life in betting. So make bankroll management that makes you comfortable. Divide your bankroll into 50 units, for example, and use one unit to place each bet. This will give you peace of mind to survive any bad tides.
3 – Study the markets
In the beginning, it is natural for the gambler to still not know which exact path he wants to follow. So test markets, competitions. Note which markets you tend to have better results in, discard those whose results are poor. From this filter, it will be easier to have good results.
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