The Best Sports Betting Sites in Panama

Full List of the Best Panama Betting Sites

This Central American country is home to hundreds of betting sites, including local companies and international bookmakers who decided to enter the market. Punters are spoiled for choice when it comes to picking a betting operator in Panama, which has many advantages. But you need to go with a reliable platform, so here’s how our team does it:

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The easiest way of finding safe and legitimate sites is by focusing solely on companies approved by the Panama Gaming Control Board. It’s an authority that provides user protection and responsible gaming policies, so we first check their licensees. While that makes your choice a bit easier, it’s still tough to navigate hundreds of bookies, especially considering all the offshore options. That’s why our team will help you narrow it down a bit through our top picks.

Megapari

Megapari offers a remarkable variety of betting options that cut across major football leagues, basketball, and Esports, all popular among Panamanian punters. Beyond that, its intuitive website design features a customizable interface that allows users to personalize their dashboards for quicker access to their favorite markets.

megapari.com

New clients who deposit at least 5 EUR will unlock a generous 100% welcome bonus on their first and second payments. Meanwhile, existing members who place bets consistently are eligible for Mega Boosters, Free Bets, and cashback deals, among other recurring promotions.

For swift deposits and withdrawals, Megapari accepts bank transfers, electronic wallets, and cryptocurrencies.

SpinBetter

SpinBetter operates under a licensed and secure framework that prioritizes user data protection, so Panamanian punters are free to bet here with full confidence. It ranks as a top choice for football and Esports fans due to its wide market coverage, competitive odds, and diverse bet types on high-stakes tournaments.

spinbetter.com

SpinBetter’s live betting functionality includes instant odds updates, early cash out, and detailed in-play statistics, as well as real time video streams of Esports games.

As regards promotions, the sportsbook delivers a typical 100% match on the first deposit, up to a maximum of 100 EUR. Regular punters can also maximize value through weekly free bets and reload bonuses tailored to specific weekdays.

Customer support on SpinBetter is accessible 24/7 via email and live chat, but the latter provides the fastest response times on average. For transactions, the operator supports popular E-wallets like Skrill and Neteller alongside a well-varied list of popular digital tokens, including BTC and USDT.

MyStake

The MyStake website design prioritizes speed and efficiency, with a user-friendly layout that simplifies navigation across various categories. Mobile bettors using this platform also have access to a fully responsive app interface that allows them to place bets on the go.

mystake.com

A quick review of the sportsbook’s Promotions page reveals that it caters to both traditional wagerers and cryptocurrency users. For the former category, a 120% welcome bonus of up to $600 on the first deposit. Meanwhile, those who complete their initial top-up via crypto wallets will receive a 170% bonus of up to $1000. Keep in mind that both incentives require a minimum payment of 20 USD.

Beyond these, MyStake delivers additional value through several ongoing promotions, most notably the 35% sports reload offer and 10% cashback on all crypto inflows.

Transactions on this platform are swift – the operator processes deposits instantly and typically completes withdrawals in under 24 hours.

CoinsGame

CoinsGame is a perfectly safe choice for sports betting in the country, thanks to robust security protocols that include SSL encryption and two-factor authentication. Its fair system also guarantees users that the company prioritizes transparency and fairness in every wager.

coins.game

Panamanian fans will find competitive odds across various events, particularly in major football and basketball leagues. In-play betting is also a major draw, as the matchwinner prices here are usually slightly better than the industry average. Additionally, having access to in-depth stats and a responsive cash out feature ensures that punters can edit their strategies in real time. 

Bonuses aren’t this bookmaker’s strongest quality, but bettors can still look forward to daily, weekly, and monthly cashback alongside other ongoing loyalty rewards. Deposits and withdrawals on CoinsGame are crypto-exclusive, with support for Bitcoin, Ethereum, and several altcoins, all offering near-instant processing times. 

Loot.bet

Loot.bet is a premium sportsbook choice for Esports fans in Panama. It covers an extensive selection of markets across top-tier games like Dota 2 and Valorant, with a focus on exclusive promotions tailored to gaming tournaments. 

loot.bet

Loot.bet operates a modern, gaming-themed interface featuring futuristic fonts and a color scheme that provides an immersive experience. Punters wagering on live Esports tournaments can also count on a well-equipped live stream tool for monitoring outcomes across different maps. 

As for promotions, this bookmaker delivers a first deposit reward of 150%, up to 300 EUR, as well as a 30 EUR free bet. Before taking advantage of these offers, ensure to run through the terms and conditions to understand what’s required of you. 

As one of the most innovative operators out there, Loot.bet supports a variety of banking methods, including all the major crypto coins. Its customer support team is available round the clock via live chat, in case you require assistance while wagering. 

Velobet

Velobet caters to Panamanians who prefer betting on mainstream European football leagues like the EPL, La Liga, and the UEFA Champions League. The bookie sets itself apart by providing a comprehensive selection of bet types, with a strong emphasis on player and team props. 

velobet.com

Velobet’s Promotional offerings are easily one of its strongest qualities. The sportsbook grants a 10-dollar free bet to members during the UEFA Champions, Europa, and Conference League seasons. To claim it, you only need to deposit at least $20 using the promo code UEFA24/25. Football lovers can also participate in a weekly leaderboard-based marathon and earn points on every wager. At the end of the week, the top 40 participants are rewarded with free bets ranging from $15 to $1000.

As a welcome reward, bettors can either claim the 150% fiat deposit match, up to $1000, or the 160% cryptocurrency bonus capped at the same amount. Other recurring promotions worth taking note of on Velobet are the 3+1 free bets and weekly crypto cashback.

22Bet

22Bet belongs to the Curaçao-licensed TechSolutions Group Limited, so we can trust its legitimacy in the industry. The sportsbook is a top-rated choice for punters who crave variety since it covers everything, from global football leagues to niche competitions and Esports. Its market depth ensures that fans in the country can explore diverse betting opportunities, including the Liga Panameña de Fútbol and Liga Profesional de Baloncesto (LPB).

22bet.com

Notably, 22Bet’s mobile apps are very responsive, with quick-access menus and customizable bet builders to improve convenience. In-play betting is also easily accessible on mobile, equipped with practical tools that help users make data-driven wagers.

The main promotional attraction here is the 100% first deposit reward capped at €122. For existing customers, 22Bet’s 100% Friday reload bonus, up to €100, on deposits of €1 or more, is a good way to enjoy long-term value.

ChipStars

ChipStars is an ideal choice for Panamanian locals looking for fast, secure, and anonymous transactions when placing sports bets. It is able to provide this guarantee thanks to a strong focus on digital currencies and encrypted financial transactions.

While this operator may not win any awards for website design aesthetics, we appreciate that the layout is clutter-free and easy to use.

chipstars.bet

ChipStars delivers jaw-dropping numbers with its multi-level welcome bonus, split into 200%, 210%, 220%, and 270%, respectively, across four deposits. In total, newcomers to the platform can claim up to $15,000 from this impressive offer.

For deposits and withdrawals, ChipStars accepts Skrill, Neteller, and cryptocurrencies, among other methods. It processes transactions instantly with no fees charged, and the limits are rather suitable for casual gamers and high-rollers.

Rolletto

By offering some of the highest betting limits in the industry, Rolletto appeals to individuals who prefer staking without any restrictions. It also provides great betting diversity across a lineup of 40+ sports and Esports games. Rolletto’s dynamic in-play markets deliver competitive odds on a wide range of events, with match statistics and live video streams to keep punters engaged.

rolletto.com

On the promotions page, you’ll find a unique weekly bonus of up to €100 in free bets on Tuesdays, Wednesdays, and Thursdays. Additionally, the sportsbook offers a 50% free spins deal on sports wagers of at least €50, perfect for bettors who enjoy spinning slots occasionally.

Beyond these, Rolletto keeps new users satisfied by issuing a lucrative 150% welcome promo, up to €1500, on an initial deposit of at least 20€. Its equivalent newcomer bonus for Esports is a 100% match, up to €500. The most region-friendly banking methods on this platform include VISA & Mastercard debit cards and digital coins like BTC and ETH.

FreshBet

FreshBet holds a license from the Curaçao Gaming Control Board, which helps it maintain industry-best security practices for users in Panama. Using the bookie’s website is effortless thanks to a modern design perfectly optimized for both desktop and mobile devices. Live betting is also well-integrated, and those who thrive on fast-paced in-play action should find the intuitive quick-selection bet slip helpful.

freshbet.com

New members on this platform start out with the choice of a 100% sports bonus, a 155% crypto package, or a 100% Esports reward, all capped at €500. Regular bettors also benefit from free bets, loyalty prizes, and up to 75% in cashback on wagers placed in the Top 5 European leagues.

Should you encounter difficulties while trying to claim these promotions, FreshBet’s client support team is accessible 24/7 through email or live chat.

Here’s a comparison table:

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 in any other country. It takes only a few minutes, as long as you have the needed documents, and you can place your bets quickly.

1. Create an account: First, you need to visit the website of the sportsbook you want to register with and click on the “Register” or “Sign Up” button. Alternatively, you can use a mobile app to sign up.
2. Provide your personal details: Up next, scroll through the registration form and fill out your required personal details, including a username, password, email address, full name, and phone number.
3. Verify your account: After you’ve provided all the details, the sportsbook will send you a verification link to your email. Click on it to verify your account.
4. Log in and browse payment options: That’s it; as soon as you sign up, you can load your account and check available payment methods. Most Panama-based bookies allow using credit cards, e-wallets, and cryptocurrencies.
5. Place your first wager: With your newly funded account, you can just scroll through the gaming lobby, click on the odds you wish to wager on, and adjust your bets in bet slip settings.

The Criteria for Finding the Best Online Bookmakers

Before you place your first bets, you’ll need to know how to spot a good sportsbook. Here are the main criteria for finding the top sports betting sites in Panama:

Safety and Security

Safety and security are the key things to look for in a solid bookmaker since some local platforms might be shady and not approved by the gaming control authority. To find safe ones, you should pay attention to licensing and ownership details, payment options, support channels, and user reviews.

The Website Functionality

If you want to bet on sports in Panama and have a good time, you’ll need a platform with a user-friendly and intuitive interface. You should test it on both desktop and mobile devices to see if placing a wager goes smoothly and whether there are any potential crashes or lags.

Extra Features

Extra features like in-play markets and streaming are often overlooked but essential to Panama’s top sports betting sites. Other extras may include special events with boosted odds and head-to-head comparisons and stats for game analytics.

The Customer Service

Responsive customer service indicates a user-centric site, so it’s one of the main things you should be focusing on. Make sure to check if you can access real human support or if it’s just a bot-operated live chat. Also, it’s important to find platforms with a variety of support channels, including live chat, email, or even Panama-based phone lines.

The Sportsbook Reputation

Much like the safety and security of a bookmaker, its reputation is a crucial sign of value. Our team here at BetZillion always checks user reviews on platforms like Trustpilot and forums like Reddit and others.

Popular Bonuses & Promotions

All the major betting sites in Panama offer bonuses for new and existing customers. Although some bookmakers have better rewards than others, a few promotions are prevalent among all.

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Those include welcome bonuses, free bets, deposit bonuses, cashback promotions, and VIP offers. Depending on the site, you might also run into some wagering contests or acca boosts.

Deposit Bonuses

Deposit bonuses are some of the most straightforward promotions but come in many shapes and sizes. It can be a first-deposit boost on your initial payment or a recurring offer for weekly deposits. For example, a bookie might grant a $20 free bet to everyone who deposits a minimum of $10. So, to claim the bonus, you’ll have to fund your account with $10 or higher. Common T&Cs that come with these offers include wagering requirements and qualifying time limits.

Welcome Offers

Welcome offers are special bonuses available only to new customers. The most common type is the matched deposit bonus, where the bookmaker matches your initial deposit and gives you free wagering cash. For example, if you claim a 100% match welcome bonus on a $100 deposit, the site 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, mainly as a part of the welcome package. But, more commonly, sportsbook sites in Panama give them out randomly to existing customers. The free bet bonus is often the same size as your average wager size with the bookmaker. So, if you usually stake $10, you could be good for a $10 free bet.

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. 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. Some are based on weekly net losses, while others could be tied to specific events.

VIP Offers

VIP offers are among the rarest but most valuable promotions you can get on Panama bookies. The program is created solely to award loyal users who usually accumulate VIP points by placing frequent wagers. These points are usually redeemable for other prizes or free betting cash, depending on the bookmaker. Those can include lower transaction fees, better odds, BOG offers, and even merchandise and vacation trips. While very valuable, VIP bonuses are mainly available on the country’s biggest sportsbooks.

Panama Sports Betting Market Overview

Bet of the Day for Panama

Betting sites in the country do a fine job with their coverage of sports betting markets. Local punters aren’t limited in what they can wager on. Most bookmakers in Panama are known international companies that typically have a wide range of sports available.

That means you can stake on sports leagues like the Liga Panameña de Fútbol or the local basketball championship. Our team will help you find the best betting opportunities in this section, and we’ll keep it updated to give you daily tips and insights.

Bet on Sports

Online sports betting in Panama is very popular, and many bookmakers offer locally popular sports and events. For instance, you can lay down your wagers on popular sports like football, boxing, basketball, and volleyball. Other popular options include some niche sports like horse racing betting, or even cricket.

Boxing

Boxing is one of the most popular sports in the area, and it also makes up a nice chunk of the total betting handle on domestic 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 sportsbooks in Panama will have diverse markets for it.

Horse Racing

Horse racing is one of the most popular sports in general, and Panama is no exception. Overseen by the Thoroughbred Racehorse Owners Association of Panama, the sport has a rich history, which explains why so many people like to bet on it.

Basketball

Basketball is another popular sport in Panama, although the country hasn’t been involved for long. Local wagerers can find regular markets and fair odds at Liga Profesional de Baloncesto events, while the national team is consistently involved in international tournaments.

Football

It’s no surprise that football is the main national sport and the most followed one, too. Besides the national league, local punters can also place their wagers on CONCACAF events and tournaments where the national team plays.

Baseball

While football is extremely popular, many locals recognize baseball as the official statewide sport. Home to many extremely successful pro players, the state is heavily involved in the sport, and unsurprisingly, most gamblers also bet on it. Much like football, baseball wagering markets are available on all bookies 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. That’s why it’s no wonder that lots of people also bet on cricket, especially now that the new rules allow hundreds of local and offshore bookies.

Bet on Competitions

Online sportsbooks in Panama offer various markets and cover all sports and major sports leagues. But beyond that, they also feature local tournaments and leagues such as the Professional Baseball League, Liga Panameña de Fútbol, Liga Profesional de Baloncesto, and many more. It’s more than fair to say that native bettors are spoiled for choice when it comes to what they can wager on, especially when it comes to the offer of domestic championships.

Esports Betting

Panama doesn’t have a local Esports league or major titles, but that doesn’t take away from how popular Esports are. Over the last decade, games like Dota 2, League of Legends, and CS: GO have been steadily rising in popularity. That’s why they make great punting options for well-versed bettors. Some bookies like BetWinner and Megapari are especially fruitful when it comes to Esports markets.

How to Choose the Best Bookmakers in Panama

Even in such a well-regulated market like Panama, there are some shady and scam sites you’ll want to avoid. Here are some expert tips on how to choose the best sportsbooks the way our experts do it:

• Check the license and security measures: The most important thing is to check the license and other security-related details. Try to see if the platform uses fair software and SSL encryption.
• Check the odds: Another sign of a site’s worth is the competitiveness of the odds. You’ll want to focus on available markets and odds to see if they are fair compared to other bookies.
• Take a look at the bonuses and promos: It’s always a good idea to also check the site’s wagering boosts and promotions. Make sure to read the T&Cs, too, to understand if it’s a fair or a shady operator.
• Explore the extra features: Finally, you’ll need to focus on the availability of the betting app, live streams, and in-play markets.

Which Panamanian Bookmaker Has the Best Odds?

Finding one bookmaker with the best odds sounds very convenient, but in practice, it’s nearly impossible. The thing is – you’ll need to join several bookies if you wish to get the most convenient odds for various sports and markets. For instance, 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 a different match, the roles could change. So, you should consider joining several Panama betting sites to find the best odds on the match you want to wager on.

Deposit Methods at Panamanian Sportsbooks

Not only are all forms of betting and gambling legal, 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 options to choose from for both deposits and withdrawals.

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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, and it’s also among the most popular wagering payment options in the country. You’ll easily find PayPal deposit betting sites in Panama thanks to a variety of bookies being available. But, if you need decent alternatives, finding platforms that accept other e-wallets like Skrill and Neteller is just as easy.

Withdrawal Methods at Panamanian Sportsbooks

You can withdraw money with all available payment options, including bank transfers and credit and debit cards. However, most Panamanian punters prefer E-wallets such as Skrtill and Neteller since they offer secure and fast transactions – often faster than credit/debit cards and bank transfers.

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Mobile Betting Sites & Betting Apps in Panama

All modern betting operators have a way for customers to wager from their phones – by either offering a mobile website or a mobile betting app. Thankfully, most bookies have mobile apps for those who wish to place bets while on the go via their Android and iOS devices.

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For instance, big companies like bet365 and BetCris are great choices for anyone looking to bet on sports in Panama from their phones. Apps are usually more stable and smooth than mobile versions of bookie sites, and they offer the fastest odds updates and features like in-app streaming.

Panamanian Live Betting & Streaming

Like the availability of a mobile app, live markets and streaming are nowadays considered mandatory for all modern online wagering sites. In-play betting is very popular among experienced punters since you can take advantage of the changes in the odds depending on on-court action. Following up on live streams is, therefore, worth its weight in gold as it provides better insight than in-play stats for educated wagers. If you fancy such options, you should only go for sportsbooks offering in-play features.

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 punting sector. Since 2002, Panama has also been giving out betting licenses, but there are still many offshore sites with an MGA license or other certificates.

Gambling Commission & License

You can rest assured that all the bookies licensed by the Panama Gaming Control Board are safe and vetted. That includes both domestic and offshore sportsbooks. Any betting company that wants to offer services for locals to bet on sports in Panama can easily apply for a permit.

It’s also important to note that there is no tax on winnings from Panama online sports betting for the bettors. Even local operators have fairly convenient tax rates, usually a maximum of 1% of their GGR.

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 Organizations 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. However, it wasn’t until 2002 that the country implemented the needed legal framework for online sports betting. At the same time, the government also introduced Junta de Control de Juegos y casinos which oversees all betting and gambling activity in the state.

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 and has 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 the state is known as one of the most welcoming markets in the world. It’s an excellent choice for both bookmakers and punters, and considering the current gaming landscape, we’re unlikely to see any major changes in the near future.

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 Chorrera, 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 operators 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 the 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).