Tag: Online sports betting

The industry of iGaming in Colombia

The Colombian gambling business is very underdeveloped when compared to other countries in Latin America. The most common types of games are casino and lottery.

An in-depth look at the iGaming industry in Colombia

Colombia is strictly on the gambling laws and if you are found using outdated machines to gamble you will be charged a fine or prison. The situation is very different from that of gambling in US online casinos. Three Card Monte is an illegal game and violators must pay a fine of up to $ 1000 or 6 months in prison.

Apart from the slot machines, the casinos offer games such as lottery, Baccarat, Poker, Roulette, among others just like what judi online is offering. Sports betting is done on horse racing, Jai Gray Hound Racing and other games.

Gambling over the internet is increasing in Colombia, including bingo casinos and poker at numerous international sites that receive Colombian iGamers.

Colombian online gambling

When talking about online gambling in Colombia, the government has not regulated ​​gambling on the Internet. Colombians can bet on foreign websites without restrictions.  The providers of online gambling service locally in Colombia don’t have a decent legal atmosphere to operate.

Some of the sites that accept Colombian players include Mr. Green Casino, Drake casino, 7-Bit casino, Star Games Casino Chance Hill Casino and Rizk Casino among others.

Online sports betting

Players who like sports betting games can do so on the Internet in the coziness of their own homes using their computers or phones. Colombians can only participate in online sports betting on international sites.

An online sports bet consists of predicting the results of a sports activity and the player places a bet or a result. Colombians like betting on games because they feel that it is much safer and with a lower risk of losing.

Horse racing betting is a significant online game in Colombia. It attracts many bettors with many exchanges in the iGaming market.

Money transfers

Payment of gambling and betting fees is made by bank transfer, credit card, certified check, electronic check, or money order. Players load funds and play games; websites have a cash-when-win system. Money from winnings goes directly to a player’s credit or debit card accounts.