Currently, sports fans can leave their guesses on the most varied sporting events around the world. In Brazil, this activity is gaining more and more followers and the industry is booming. A proof of this is that 19 of the 20 clubs that played the last edition of the Brasileirão had partnerships with bookmakers.
However, the functioning of the sports betting market still raises doubts among the public. The ideal for those who want to start betting is to know the subject before deciding to invest your resources. After all, the odds are endless and the segment encompasses countless factors.
Furthermore, it is essential to know that this is a legal practice as long as the betting platform is located outside the national territory. Brazil has not yet regulated the activity, but the process is underway and the government’s expectation is to conclude everything next year.
The Estado de São Paulo published a very detailed news about the world of betting last Tuesday, 21st. Check out all the information below!
How does sports betting work? The step-by-step guide to understanding the world of hunches
Nowadays, sports betting allows a person in Brazil to deposit money in a dart competition in England or even in the Nicaraguan youth football league. Among Brazilians, the practice has become increasingly popular and the market is growing. Betting companies sponsor 19 of the 20 clubs that competed in the last Brazilian Championship, advertise on the main TV channels in the country and have recently acquired the purchase of sports blogs and websites. But how do sports betting work in Brazil?
For beginners, it is important to study the topic before deciding to bet your rich little money. The possibilities are multiple and the area involves many aspects to be assimilated. English terms like bets, odds, tipster are common words in the betting world. Estadão listened to specialists and people in the field to try to solve the main doubts of beginner bettors. First, it is important to know that this is a legal activity as long as the site you are betting on is hosted outside Brazil. It’s like traveling abroad and playing outside. But the action will be considered illegal if the site is located in national territory. Brazil has not regulated this type of gambling.
How to start betting
It is essential for every gambler to define a strategy well and assess the risks and rewards. Several Brazilian bettors follow information and statistics daily about the players and teams involved, keep an eye on possible embezzlements and are aware of changes in these scenarios.
In betting on football matches, for example, it is possible to guess not only on the results of the matches, but also on the number of goals in a game, whether the two teams will score, the number of corners and cards, and even which player will be the first or last to swing the net. Everything is ‘bettable’.
When you’re ready to start betting, you’ll need to register on your chosen site. You must be over 18, for example. More experienced punters recommend evaluating how much each bookmaker pays for a specific game and then making their guesses. Next, you need to create a personal account, enter bank/payment information, and then deposit an opening balance.
It is also possible to make the deposit through Pix, bank slip, transfer, credit and debit card, cryptocurrency, and other options, depending on the company. Having chosen the sport, the league and the match, all you have to do is evaluate the odds (quotes) and place the bet.
The minimum bet amounts vary depending on the chosen company. In some houses, it is possible to deposit at least R$10 in order to participate. They offer different benefits to attract more customers. Some of the most common are the “welcome bonus”, which doubles the initial amount deposited when you register, and free bets. But to prevent people from signing up just to get the bonus amount without betting, the houses count on the rollover. In other words, a list of requirements that the player must meet to guarantee the bonus.
What is punting and trading
There are two different betting models. In punting, the player makes his guess and waits for the end of the game to know the result. In trading, which is more complex, you act as a stock exchange investor, buying and selling within a game. In other words, you are interested in variations in odds (quotes) during the event.
When a bettor hits his guess, the amount won goes to his bank. The money does not automatically fall into your bank account registered on the site. You must inform the amount you want to withdraw. Most withdrawals are made by bank transfer. Therefore, you need to inform your bank information. There is a minimum amount to withdraw, but it varies depending on the bookmaker and the amount drops into the account in one to two days. The best time to withdraw money depends on the player’s profile.
Types of bettors
There are options from companies that are best suited for different levels of players, from beginners with lower stakes to professionals with larger stakes. Many players find tips and manuals on how to improve betting, minimizing mistakes and maximizing the possibility of winnings, following digital influencers in the field on their social networks. Telegram groups gather thousands of interested parties.
Gambler Jonas Caetano is one of the well-known names in the field and is part of the Clube da Aposta team, a project created in 2010 that specializes in the production of content on the subject. With a website and social networks, the team gives tips, clears doubts and explains details of the betting world, in addition to offering free and paid courses for those who want to delve into the subject.
“At the end of 2016, on vacation from college, I was watching investment videos and I found one about sports trading. I started watching it and started betting. I found myself in these areas. I started off in an unpretentious way, but I started doing very well. work began to appear”, says Jonas, who highlights the heating of the market in recent years.
“I noticed a very big growth in the last two years. Companies started to see the Brazilian market with a lot of potential, due to the national passion for football, the large population, etc.” He also highlights that Brazilians like to bet, to challenge their luck.
In the betting world, a well-known figure is the “tipster”. He is an experienced bettor who gives betting tips and suggestions to other people. The service can be free or paid (monthly). In order not to fall for scams, the “tipster” is required to prove solid performance through registrations on gambling sites.
Many use the service and delegate this function to someone else, as they are specialized in the area, who have knowledge and time available to analyze the best betting scenarios. In this option, it is also possible to browse sports and/or championships that the bettor doesn’t know much about and, thus, puts his trust – and values - in the tipster to increase the possibilities of winnings. This expert also provides tips and methods that you can use in the future.
The work pace of the most experienced bettors is dynamic and can involve a lot of adrenaline. For those who are serious, the betting business brings a world of possibilities to be explored. There is a lot of detail and information to look at, analyze and learn from. One of the top and most popular names in the business is Lucas Tylty, with 1.3 million followers on Instagram.
The most profitable players with regular winnings often suffer from a limit on some betting sites. Thus, as they are blocked, they need to look for another bookmaker, which does not block them.
Sports betting legislation
Three years ago, FIFA disclosed that the betting market moved approximately US$ 159.7 billion globally during the World Cup in Russia, according to figures from the company Sportradar. The federal government estimates that it moves around R$ 2 billion a year in Brazil, but the amounts could be even higher. Companies operating in Brazil are based abroad.
In 2018, a law was passed to begin regulating sports betting, but the completion process has dragged on ever since. “The prospect of future regulation of sports betting is moving at a snail’s pace. While the unregulated betting market has been proliferating in Brazil without stopping to pay any tax, the federal government has been banging its heads since 2019 regarding the drafting of the legal text that set the operating conditions in the country. It is even contradictory to understand this delay when the government talks about tax reform and increased collection, as there is a source of revenue falling from ripe to be exploited”, evaluates lawyer Eduardo Carlezzo, specialist in sport law.
This year, the regulation of sports betting underwent changes and should be implemented in 2022. Recent changes in legislation have changed the tax part. Before, taxation would be on gross collection and, in July, it changed to corporate profits, following the European model.
