The Best Sports Betting Sites in Panama

Full List of the Best Panama Betting Sites

Panama is home to hundreds of betting sites, including local betting operators and international bookmakers who decided to enter the market. Local bettors are spoiled for choice when picking a betting site in Panama, which has many advantages.

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Although there are a few shady sportsbooks in Panama that you should avoid, most Panamanian bookmakers are safe to use, have a good reputation, and have all the features you would expect to find in top sports betting sites in Panama.

This article will examine which Panamanian bookmakers are the best and which punters should consider using. However, thanks to the local gambling laws and the legal framework implemented by the country, the online betting landscape is fairly safe and competitive, so you can hardly go wrong when deciding which bookies in Panama to use.

How to Sign Up, Verify & Place Your First Bet with a Panama Bookmaker

Registering with Panamanian bookmakers is very straightforward, and it's no different from how you would sign up for an account with a sportsbook in any other country. It takes only a few minutes, as long as you have the needed documents, and you can place your bet in Panama quickly.

1. First, you need to visit the website of the sportsbook you want to register with. Alternatively, you can use a mobile betting app to sign up for an account, but it's typically much simpler via a desktop website.
2. Navigate to the registration button and begin the registration process. You'll be asked to provide a username, password, email address, full name, and address, while some bookmakers will also ask for your phone number.
3. After you've provided all the details, the sportsbook will send you a verification link to your email, which you must open to complete the registration process and set up your account.
4. You might also be asked to complete the KYC verification, which will ask you to send a copy of your utility bill and your picture with a document. Even though you don't have to complete the KYC when you sign up for an account, it's advisable since you'll have to have it before you can withdraw.
5. You can now log in and make your first deposit with an account.
6. When depositing, you'll be asked to pick your preferred payment method and input the desired amount you want to deposit. The transactions are typically very quick but will differ depending on your chosen payment method.
7. You can now start betting with an account set up and money deposited. And if you've already completed the KYC process, you can withdraw with a few simple clicks of a button without any delays or additional verifications.

The Criteria for Finding the Best Online Bookmakers

Picking which Panamanian bookmaker you'll use on your betting journey is the first and most important thing you'll do before you place your first Panama bets. So you must know where to look, how to recognize Panama's best sports betting sites, and which to avoid.

Here are the main criteria for finding the best online bookmakers and how to recognize top sports betting sites in Panama.

Safety and Security

Safety and security are the main things you want in a good bookmaker since you should never use any betting sites in Panama that aren't legal, safe, and licensed. Only this way can you ensure that your money and personal information will be secure, and there is no reason to bet and try to make a profit if you're not sure that the money on the betting sites is safe.

The Website Functionality

If you want to bet on sports in Panama and have a good time, you must register with Panama betting sites, which have a functional website. Most modern bookies in Panama can offer that, but some won't.

So before you sign up, check out the website – does it work smoothly, crash, and does the bookmaker update its odds regularly? You want to ensure that the website runs smoothly, and if you're betting from a phone, you should also check out whether the Panama betting apps are stable and if they work as intended.

Extra Features

Extra features like live betting markets and live streaming are often overlooked but essential to Panama's top sports betting sites. Even if you don't intend to bet in-play, it's advantageous to have accounts with bookmakers where you can, so make sure that you check whether the site you want to register with for online sports betting in Panama has it available.

The Customer Service

Good customer service indicates a good website, so this is another criterion you shouldn't overlook. Even though you'll rarely need to contact a customer service agent, it can save you a lot of time if a bookmaker has a solid customer service department.

Besides the quality of agents, you should also check out if the bookies in Panama you want to register with have more than one way to contact their customer service department. All good betting sites in Panama will have a live chat and email contact, while some might offer a ticket system.

The Sportsbook Reputation

Much like the safety and security of a bookmaker, its reputation is important. Check online reviews and look around reliable websites where you can find bookmaker reviews and see whether the bookie you want to sign up with has a good reputation.

Especially if you're a punter that likes to place a big bet here and there, the bookmaker must be reliable. And the best way to ensure that is the case is to check whether it has a good reputation among bettors.

Popular Bonuses & Promotions

Every bookmaker, including betting sites in Panama, will have bonuses and offers for their customers since they're very effective tools to attract new bettors to the betting site. Although some bookmakers have better rewards than others, a few offers are prevalent among all bookmakers and are typically available on all betting sites.

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Those include welcome bonuses, free bets, deposit bonuses, cashback promotions, and VIP offers, which are more common on the biggest sportsbooks but are, of late, also available on some lesser bookmakers.

Deposit Bonuses

Deposit bonuses are some of the most straightforward promotions but come in many shapes and sizes. This offer can include many different rewards, but they all have one thing in common – they depend on you depositing with the betting site.

For example, a betting site in Panama can offer a $20 free bet promotion for everyone who makes at least a $10 deposit with the site. So to claim the bonus, you'll have to make a minimum deposit of $10 to claim the prize.

Those bonuses often come with some requirements, such as rollover requirements, so read the terms and conditions before claiming it.

Welcome Offers

Welcome offers are special bonuses available only to new customers of the betting site and are often used mainly to attract new bettors to the platform. The most common welcome offer is the matched deposit bonus, where the bookmaker matches your initial deposit and gives you either free bets or free wagering cash.

For example, if you claim a 100% matched deposit welcome offer with a $100 deposit, the bookmaker will award you an additional $100 in free wagering cash. Again, this offer will come with a rollover requirement.

Free Bets

Free bets can be a part of other offers and bonuses, but more commonly, betting sites in Panama give them out randomly to existing customers. The free bet bonus is often the same size as your average bet with the bookmaker, so if you usually wager with $10, you stand to get a $10 free bet when the bookmaker has the offer available.

CashBack

Cashback offers are very straightforward and valuable. They're more commonly available during big events such as the World Cup or other important sporting tournaments and are often tied to accumulator bets.

A cashback is an offer with which you can get your money back if your accumulator misses by one leg. The exact rules of the cashback offer will vary depending on which betting sites in Panama you're using, but the idea stays the same – you'll get back your stake if your bet misses.

VIP Offers

VIP offers are one of the rarest but most valuable promotions betting sites in Panama offers. The VIP offer or VIP program is created solely to award loyal users, who usually accumulate VIP points by being active, which they can convert into various awards.

Those can include lower transaction fees, better odds, BOG offers, even merchandise, free vacation trips, and many more. While very valuable, VIP offers aren't as common and can't be found on all sportsbooks in Panama.

Panama Sports Betting Market Overview

Bet of the Day for Panama

Betting sites in Panama do a fine job with their coverage of sports betting markets. Local punters aren't limited in what they can bet on. It mainly concerns that most bookmakers in Panama are known international betting companies, who typically have a very good market offer.

Besides being able to bet on all major sporting events and leagues, Panamanian bettors also have access to markets on local sports leagues. Often, the local bookies will have special markets for Panamanian athletes. So whether you want to bet on the NHL or local football league, or anything in between, there are always plenty of options to place your bets.

Bet on Sports

Online sports betting in Panama is very popular, and all bookmakers do a fine job of giving the local bettors the sports betting markets they need. So if you want to bet on sports in Panama, you'll have a wide variety of sports and betting types to explore, especially when discussing the country's most popular sports.

Boxing, football, basketball, baseball, and horse racing betting are all very popular among the locals. Yet, even other sports, which might not have as large of a following, are well-covered by betting sites in Panama.

Boxing

Boxing is one of the most popular sports in Panama, and it also makes up a nice chunk of the total betting handle on Panamanian bookmakers. That makes sense, considering Panama is home to many legendary boxers, and the country also consistently does well in international boxing events, such as the Olympics.

So if you're looking to bet on Olympics boxing or the AIBA World Boxing Championship, you can be sure that the betting sites in Panama will have markets for it.

Horse Racing

Horse racing is one of the most popular sports in the online betting world, and Panama is no exception. Moreover, horse racing is also very popular in the country.

Overseen by the Thoroughbred Racehorse Owners Association of Panama, horse racing has a rich history, which explains why so many people like to bet on horses. As a result, all betting sites in Panama offer horse racing betting markets and even live betting on horse races.

Basketball

Basketball is another popular sport in Panama, although Panama hasn't been involved for long. Panama already has a local basketball league in Liga Profesional de Baloncesto, while its national team is consistently involved in international tournaments.

Due to its popularity, basketball has become readily available to all new or old bookmakers.

Football

To no one's surprise, football is Panama's national and the most watched and bet-on sport. No bookmaker in Panama doesn't offer football betting markets, and they all have markets on the local Liga Panameña de Fútbol.

Baseball

While football is extremely popular, many locals recognize baseball as the official sport of Panama. Home to many extremely successful baseball pro players, Panama is heavily involved in baseball, and unsurprisingly, most locals also bet on it.

Much like football, baseball wagering markets are available on all betting sites in the country, from international to local and free betting sites in Panama; it's impossible to find a sportsbook where you can't bet on baseball.

Cricket

Cricket is another sport Panama is known for, mainly due to the success of its national team. But not only is it popular among the fans but plenty of people also bet on cricket religiously, which is made possible by Panama betting sites, which offer cricket betting markets.

Bet on Competitions

Betting sites in Panama offer various betting markets, covering all sports and all major sports leagues. But beyond that, they also cover local tournaments and leagues such as the Panamanian Professional Baseball League, Liga Panameña de Fútbol, Liga Profesional de Baloncesto, and many more.

It's more than fair to say that Panamanian bettors are spoiled for choice when it comes to what they can bet on, especially when it comes to the offer of Panamanian sports leagues, which local bookies extremely well cover.

Esports Betting

Panama doesn't have a local Esports league for any major Esports titles, nor is Panama home to any major Esports organizations. But that doesn't take away from how popular Esports are.

Over the last decade, Esports has been growing in popularity, and it didn't take long before Esports became a part of the betting industry. Nowadays, you can bet on Esports on any online bookmaker, especially on the 3 major Esports titles in Counter-Strike: Global Offensive, League of Legends, and Dota 2.

How to Choose the Best Bookmakers in Panama

Picking a bookmaker where you'll begin your betting journey is the first and the most important step of your endeavor, yet many take it for granted. So instead of starting betting on a bookmaker and only later realizing that you've made a mistake, you should take some time to decide which betting sites in Panama are the best for you, and here are a few tips on how you can recognize the best sportsbooks.

• The most important thing to look for when picking a sportsbook is to ensure it is safe, legal, and legit. It would help if you never trusted a shady bookmaker with a bad reputation or that is not legal, as this will lead to problems and put your money at risk.
• Besides ensuring the bookmaker is safe, you must check the odds quality and whether the sportsbook has enough betting markets. You want to bet with fair prices and have access to as many sports, competitions, and bet types as possible to bet on whatever you want.
• Bonuses and promotions offer much value to bettors, so it's advantageous to register with bookmakers with the best free bet offers in Panama. Although not as important as odds quality, a good offer of promotions and bonuses will go a long way.
• Extra features such as the availability of a betting app, live streams, and live betting are all a big plus and typically found on good bookmakers. And even if you don't plan to bet on live matches or from your phone, consider registering with Panamanian sportsbooks with those options.

If you find one or many sportsbooks in Panama that meet all those criteria, they're good options to sign up for an account.

Which Panamanian Bookmaker Has the Best Odds?

Finding a bookmaker with the best odds is highly advantageous; however, you'll need accounts with several sportsbooks if you always want access to the best odds for every bet you place.

Several sportsbooks are Panama's best sports betting sites, mainly because they offer great odds. But out of them, no one will always have the best odds. That is because the betting markets are volatile, and the odds will constantly shift, yet some bookmakers are more efficient and faster at adjusting the odds than others.

So you can find Liverpool priced at 2.00 to defeat Real Madrid with Bet365, while BetCris will have Liverpool priced at 2.10. Yet, if you look at another match, Bet365 will have better odds than BetCris. This example shows that using just one bookmaker will not allow you to bet with the best odds.

Instead, consider registering with several Panama betting sites to find the best odds on the match you want to wager on before you place your bet.

Deposit Methods at Panamanian Sportsbooks

Not only are all forms of betting and gambling legal in Panama, but the government hasn't implemented any restrictions on payment methods locals can use to fund their betting accounts. As a result, there are many payment options to choose from if you want to deposit money into a bookmaker.

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It's important to note that almost no bookmakers will accept deposits in Panamanian balboa. However, you can easily use the US Dollar instead, which is quite convenient considering that the USD is essentially the second official currency of the country.

PayPal Betting

PayPal is one of the world's most popular online payment methods, used worldwide for buying online goods. But it's also available as a valid payment method on betting sites in Panama.

However, while PayPal has many uses – even as a payment method for bookmakers – it's not as available as Skrill and Neteller. In addition, many big betting companies, such as Bet365, won't accept PayPal. So, if you're looking for an online payment method, Skrill and Neteller are usually better choices since PayPal deposit betting sites are sometimes unavailable.

Withdrawal Methods at Panamanian Sportsbooks

You can withdraw money with all available payment options, including bank transfers and credit and debit cards.

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However, most Panamanian bettors prefer E-wallets such as Skrtill and Neteller since they offer secure and fast transactions – often faster than credit/debit cards and bank transfers.

Mobile Betting Sites & Betting Apps in Panama

All modern betting websites have a way for customers to bet from their phones – by either offering a mobile website or a mobile betting app. However, nowadays, it's not acceptable for a bookmaker to only have a mobile website.

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Luckily, most bookies in Panama will have a mobile app ready for customers who prefer to bet from their phones. While there are some exceptions, big companies like Bet365 and BetCris are great choices for anyone looking to bet on sports in Panama from their phones.

Unlike a mobile website, a mobile app is far more convenient. The app is typically more stable, works faster, and is designed to make betting from the phone as fast and enjoyable as possible. Moreover, some bookies even offer special promotions for mobile app users, so suffice it to say registering with a bookie that has an app is recommended.

Panamanian Live Betting & Streaming

Like the availability of a mobile app, live betting markets and live streaming are nowadays considered mandatory for all modern online betting sites. It has become expected that every bookmaker has both available, and while they do, some do a much better job at it.

Live betting is very popular among experienced bettors since it offers plenty of excellent opportunities. That largely concerns bookmakers being inefficient in setting live odds, which bettors can take advantage of and chase for value.

But if you want to do live online sports betting in Panama and be efficient, you'll need access to reliable live-streaming services. Those are available via streaming platforms, but it's far more advantageous to have live streams on the bookmaker you're using, so if you're a live bettor, consider that before you sign up for an account with sportsbooks in Panama.

The Legal Situation of Sports Betting in Panama

Gambling and betting in Panama are legal and regulated by Junta de Control de Juegos y casinos. The legal framework for betting and gambling in the country revolves around two acts, which were accepted in 1997 and 2002.

The first act was accepted to oversee all land-based gambling and betting, whereas the 2002 act was implemented to control the online betting sector in Panama. Since 2002, Panama has also been giving out betting licenses, which all Panama online sports betting sites must have.

One interesting thing about online gambling in Panama is that all land-based casinos must be located and operated within hotels, mainly because gambling in the country is closely connected with tourism. Moreover, there are no locally licensed bookmakers where you can bet online in Panama, except for Codere Panama.

Instead, most local bookmakers, including BetCris, hold a Malta Gambling Authority (MGA) license.

Gambling Commission & License

Even though Panama issues a local betting license, Codere Panama is the only bookmaker that holds it. Instead, most top sports betting sites in Panama – including BetCris – opt for other MGA licenses.

Nevertheless, any betting company which wants to offer services for locals to bet on sports in Panama can easily apply for a permit. It costs $40,000 for 7 years, with an annual fee of $20,000. Without a license, sportsbooks aren't allowed to operate in the country; however, Panamanian bookies can still offer their services to locals as long as they're licensed – and not necessarily by Panama.

It's also important to note that there is no tax on winnings from Panama online sports betting for the bettors. Even bookies in Panama have it great regarding taxes, as they must pay a maximum of 1% of their GGR. Unlike betting sites in Panama, casinos have to pay 12-18% tax per slot machine or table.

Websites to Avoid

Panama has done a fine job creating a safe online betting environment, and for the most part, it's tough to find yourself using shady bookmakers in Panama. But before you place your first Panama bets, it's wise to know about a few sportsbooks that you should avoid.

A few sportsbooks in Panama that are considered untrustworthy include:

• 1xBet
• 21Bet
• Riverbet
• PremiumBull

Whether they're unlicenced, have a shady past, or have a poor reputation among the online betting community, the four mentioned Panama bet sites are widely known to avoid.

Responsible Gambling Organisations in Panama

Some international companies and organizations can help you in struggling against gambling problems in Panama.

• GambleAware
• GamCare
• Gambling Therapy
• Gamblers Anonymous
• Net Nanny
• GamBlock
• CYBERsitter
• BetBlocker
• Betfilter
• Qustodio
• Gamban

History and Future of Online Gambling in Panama

Betting and gambling have been legal in Panama since 1997. It wasn't until 2002 that the country implemented the needed legal framework for online sports betting in Panama. At the same time, the government also introduced Junta de Control de Juegos y casinos which oversees all betting and gambling activity in the country.

There haven't been many developments since 2002, but realistically, Panama doesn't need to make any changes. The country's regulatory body issues licenses for betting sites in Panama, the required legal framework and fairly low taxes.

The low tax rate (0.2% – 1%) for online bookies in Panama is also why many sportsbooks open their doors there. And that's hardly a surprise knowing that Panama is known as one of the most welcoming betting markets in the world.

Panam is an excellent country for both sportsbooks and punters, and with the betting landscape it has created, no changes is possibly the best move for the future. Even for bettors, Panama is a great place to bet in. If you bet and win in Panama, you won't have to pay taxes as the country revoked the previous tax on winnings.

Panama Overview

Before we close out our article, here are some interesting facts about sports in Panama, the online betting landscape, and the country you might not know about.

• Panama City is Panama's capital and most populous city, followed by Colon, David, La Chrrera, and Santiago.
• Spanish is the official language of Panama, spoken by most people, except for Panama's Indian groups, who still speak their native tongues.
• Panama has 2 official currencies, the Panamanian balboa as de jure official and the US dollar. Since few bookmakers accept Panamanian balboa, most deposits are made in US Dollars, some international bookies offer online betting 5 pound deposit options.
• Panama's most popular and legal online bookmakers are BetCris, Bet365, 22Bet, 20Bet, and N1Bet.
• The most popular sports in Panama are football, basketball, baseball, cricket, and boxing.
• Panama has many local sports competitions, which are also very popular among bettors. Those include Liga Panameña de Fútbol, Liga Profesional de Baloncesto, and the Panamanian Professional Baseball League.
• Some of the most successful Panamainam sports teams are Tauro, Caballos de Coclé, and Astronauts de Los Santos.
• Panama has produced many great athletes, including Lloyd LaBeach, Irving Saladino, Román Torres, and Mariano Rivera.
• Since its first appearance at the Olympics in 1928, Panama has won 3 Olympic gold medals – 2 bronze, and 1 gold.
• Panama's only Olympic gold medal came from the 2008 Beijing Olympic Games when Irving Saladino won Men's long jump.
• Panama's national football team has to date qualified for just one World Cup (2018)
• Despite being one of the most successful Copa Centroamericana teams, Panama has never won CONCACAF Gold Cup (twice third and twice second).