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Sports, especially football, are a big part of Colombian culture, so it's unsurprising to learn that sports betting is a common pastime for most locals. With an established betting industry and the easy accessibility of betting sites in Colombia, it's very simple to get into sports betting; however, there are a few things to know.
In this article, we'll take a closer look at the sports wagering industry in Colombia and provide answers to key points every aspiring punter should know about.
- Where can you find the best sportsbooks in Colombia?
- Which betting promotions and bonuses are available?
- The current legislative situation in the country
Full List of Colombia Betting Sites
Unlike many other South American countries, Colombia has regulated online gambling with The Colombian eGaming Act. Besides a law, Colombia also has Coljuegos – a body supervising the country's betting landscape and handing out licenses to betting sites in Colombia.
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Welcome offersMultiple payment oGreat supportSince Coljuegos was formed in 2011, it has handed out over a dozen licenses, mostly to local operators such as BetPlay, Zamba, Wplay, and ColBet. However, it didn't take long before some international sportsbooks also received a green light to operate in the country. Over the last decade, Colombia has developed a healthy online betting landscape with plenty of sportsbooks. Yet while locals can access nearly any sportsbook, including Mozzart Bet or BetOBet, most swear by known sports gambling brands such as Bet365 and Betway. It has to do with the recognition of the bookies and the fact that major international sportsbooks often offer better odds and have much better market coverage.
Bonuses & Promotions for Colombian Bettors
In Colombia, bet bonuses and offers are not difficult to find since every betting platform has at least some betting promotions and bonuses available. So, even those looking for matched betting opportunities won't be disappointed with the selection.
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Nowadays, nearly all bookies offer welcome bonuses to attract new punters to log in to the platform. These commonly come in the form of matched deposit bonuses, free bets, and sometimes free spins on the bookies' online casinos.
Beyond welcome bonuses, most sportsbooks have other offers for existing users, such as enhanced odds, free bets, reload bonuses, and more. Some Colombian bookmakers have a far more generous selection of betting bonuses than others, but they all have offers.
Free Bet Bonuses in Colombia
Free bet bonuses are some of the most common and useful betting promotions found on most Colombian sportsbooks in 2024. These are commonly awarded as a part of the welcome bonus but are more prevalent as offers for existing users.
As the name implies, free bet offers are free wagering cash sportsbooks give to punters to bet on sports. The size of the free bet is typically tied directly to the average wager with the sports gambling platform; those who regularly bet with €10 can expect to receive a €10 free bet once the best free bet offers in Colombia are available.
Sportsbooks rarely set any big restrictions on these offers, meaning they can be used to bet on any market; however, some will add a minimum odds limit, making the free bet only usable on markets at a certain price.
Bet on Sports
Football is the most popular sport in Colombia, which explains why all bookies operating there will offer football betting markets. Still, football is not the only sport Colombian punters can bet on.
There is no limitation on which sport Colombian bettors can bet on using any local or international sportsbooks, making gambling in Colombia very versatile. Although the offerings of sports betting markets will vary, all major sports, such as basketball or volleyball, and even some niche sports, such as bowling or darts, are well covered.
Ultimately, the number of markets available will depend on the sportsbook, which is one of the main reasons why using more than one bookie is advantageous.
How to Choose the Best Bookmakers in Colombia
Enough sportsbooks are operating in Colombia to offer punters enough variety when deciding which betting platform to choose. The offer is wide, from local bookies to major international brands and everything in between.
However, while the selection of platforms is generous, it's important to know how to recognize and sign up with top sports betting sites in Colombia. That's fairly easy if we consider a few key factors.
| Tips | Explanation |
|---|---|
| ❕ Security | Security is the most important factor, as any punter must prioritize registering with only secure and licensed bookmakers. |
| ❕ Reputation | Just as important as security is the bookmaker’s reputation. Even a legal and safe betting site might not be the best option if it has a bad reputation due to slow payouts or other reasons. |
| ❕ Betting odds | Betting odds will dictate a bettor’s success, so using only the best bookmakers with the best prices is critical. |
| ❕ Markets | Good market coverage goes hand in hand with competitive betting odds, allowing punters to bet on whichever sport or league they like, the way they want. |
| ❕ Bonus offers | Although not as critical as competitive odds, betting promotions and bonuses can offer much value. |
| ❕ Mobile apps | Especially mobile punters will want to use platforms with Colombian betting apps, but even those who bet primarily on computers will find apps very useful. |
Popular Payment Methods
Nowadays, selecting deposit and payment methods with any bookie isn't a big problem, as most offer a wide range of options. And that also applies to most sportsbooks in Colombia.
Still, Colombian bettors prefer credit and debit card payments, the most common payment option with local betting sites. Those who use international sports gambling platforms tend to gravitate towards E-wallets such as Skrill and Neteller as the more accessible and popular options.
Interestingly, bookmakers in Colombia accept payments in the local currency and US Dollars. That includes local Colombian bookmakers, mainly those who accept E-wallet payments. And since E-wallets offer the option to pay in multiple currencies and a certain degree of anonymity, Neteller and Skrill remain Colombian punters' most popular payment methods.
Crypto payments are slowly gaining traction, but even as of 2024, this is not the primary payment solution for punters. It mainly concerns that few sportsbooks accept crypto payments, making it one of the least accessible solutions.
Mobile Betting Sites & Betting Apps in Colombia
With the accessibility of smartphones, mobile betting has grown in popularity and is nowadays the most popular way to access online gambling, especially among younger people. And Colombia is no exception to that.
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Most sports betting in Colombia is done via smartphones, which explains why all local sportsbooks offer mobile betting apps or at least have an optimized mobile website. Yet the most convenient mobile betting applications are those of major betting brands such as bet365 and Betway, which have the resources to offer the optimal mobile betting experience.
While some bookmakers offer only a mobile website, that is not a problem if it's well-optimized. Still, mobile punters should consider signing up with sportsbooks with dedicated mobile apps, which are more convenient than mobile websites and often have more features.
Sports Betting Colombia: The Gambling Law Framework
The Colombian betting landscape is regulated by the Colombian eGaming Act, which came into effect in 2016 and was overlooked by Coljuegos. The latter is the primary body that licenses wagering sites and oversees responsible betting initiatives. Initially, the Coljuegos only handed out licenses to local bookmakers, but in 2017, they became more accepting of foreign sportsbooks, which quickly proved to be the best Colombian betting sites.
From 2017 onwards, the Colombian betting industry grew exponentially, which was also helped by the government, which decided not to tax any sports betting winnings – on local or international bookmakers – making sports gambling far more inviting.
As of 2024, the Colombian betting landscape is in a good spot, especially relative to other South American countries.
History and Future
Betting and gambling have been legal in Colombia for centuries, but it wasn't until 1943 that the country unveiled the first official gambling license for casinos. Over 3 decades later, in 1977, Colombian authorities reviewed the local law and forged a plan to pave the way for the continuous growth of the gambling industry.
In 1991, Colombian authorities decided to put all betting activities under the state's monopoly, which was a step back in what could've been one of the biggest gambling markets in South America. Still, things changed in 2011 when Coljuegos was formed.
Five years later, the Colombian eGaming Act was accepted as the main law that regulated online sports betting. Since then, the Colombian betting industry has grown exponentially. Initially, the Coljuegos only issued licenses to local free betting sites in Colombia but later started accepting international sportsbooks, which remain the most popular option among local punters.
Since the Coljuegos became more accepting of international betting sites in 2017, the Colombian gambling industry has exploded and continues to grow. The government also stepped in and reduced the taxes on betting, which should make the country more inviting for foreign betting sites, further expediting the industry's growth.
Colombia Overview
It covers everything you need to know about sports betting in Colombia and where to find the best betting sites in Colombia. But before we end, here are some interesting facts about the country and sports in Colombia.
- Bogotá is Colombia's capital and most populated city, followed by Medellin, Antioquia, Cali, and Valle del Cauca.
- Spanish is Colombia's official and most spoken language; however, English has an official status in San Andreas, Santa Catalina Islands, and Providencia.
- The Colombian Peso is the official currency of Colombia, but bettors can also deposit on betting sites in US Dollars if they use E-wallets such as Skrill and Neteller.
- Debit and credit cards are Colombia's most popular payment solutions for online betting. In contrast, those who use foreign bookmakers use E-wallets such as Skrill and Neteller, which allow for deposits in US Dollars and other currencies.
- The most popular and legal online bookmakers in Colombia are bet365, Betway, 22Bet, and Bwin.
- The most popular sports in Colombia are football, baseball, cycling, basketball, and athletics.
- Colombia hosts several sports competitions, including Baloncesto Profesional Colombiano and Categoría Primera A. The country also hosts a popular cycling race, Vuelta a Colombia.
- The most popular sports teams in Colombia are Atlético Nacional, Titanes de Barranquilla, and Junior.
- Some of the most successful and popular athletes from Colombia include Santiago Giraldo, Jackeline Rentería, Egan Bernal, René Higuita, and Catherine Ibargüen.
- Colombia has 5 Olympic gold medals: two from cycling, two from weightlifting, and one from athletics.
- Retired footballer René Higuita is one of the most well-known goalkeepers in history. El Loco has earned the nickname for his risky “sweeper-keeper” playing style.
Bottom Line
It concludes our article, where we covered everything you need to know about betting in Colombia, including where to find the best bookmakers and the best betting bonuses in Colombia. Equipped with that knowledge, you're ready to sign up for an account with the best Colombian bookmakers and start betting!
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Frequently Asked Questions
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Is gambling legal in Colombia?Gambling is legal in Colombia, which has regulated online betting and is home to over a dozen sportsbooks with a local gambling license. That includes international sportsbooks such as Bwin, bet365, and Betfair.
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Is bet365 illegal in Colombia?bet365 has acquired a Colombian gambling license and can operate in the country, joining Colombia's long list of legal international sportsbooks. bet365 was one of the first sportsbooks to offer its services in Colombia and is one of the most popular options among local punters.
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What betting offers can I find at Colombian sportsbooks?There are no restrictions on which betting offers Colombian bettors can find on local sportsbooks. The list includes free bets, welcome bonuses, reload bonuses, enhanced odds, extra places, and more.
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Is PayPal betting possible in Colombia?Yes, PayPal operates in Colombia and is one of the most popular online payment options. However, it's important to note that very few sportsbooks accept PayPal as a deposit method.
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Is live betting possible in Colombia?Live betting is possible on any sportsbook that operates in Colombia. However, while all offer in-play betting, some bookmakers like bet365 are the best option due to wide in-play betting market coverage and streaming options.
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What is the best sports betting app I can download in Colombia?Most popular sportsbooks in Colombia offer mobile betting apps. However, bet365 is widely considered the best option. bet365's app is one of the best available and is compatible with iOS and Android devices.
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Do foreign bookmakers restrict punters from Colombia?While no law would prohibit Colombians from using international sportsbooks, some bookmakers won't accept Colombian punters.
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Which bookmakers offer live streaming?bet365 and Betway are 2 of the most notable sportsbooks that offer in-play betting markets and live-streaming options. Those include most of the biggest sports and even Esports.
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Do I need to pay taxes on winnings in Colombia?Yes, there is a 20% tax on all sports betting winnings in Colombia and any other occasional gains such as lotteries and raffles.
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What are the fastest betting sites for payouts in Colombia?The speed at which sportsbooks pay winners depends largely on the selected withdrawal method. However, two of the best options for fast payouts are Betway and bet365.
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