A recent report on the status of gambling in the Philippines shows that the industry has experienced strong growth in the last five years. Online betting pundits point out that relaxation of rules, penetration of mobile technology, increased number of international tourists as well as great awareness of the Philippine online betting scene have played a great role in this growth.
As Delloite observes in their 2022 sports Outlook, sports betting is now mainstream and bookmakers are in full pursuit of new customers. The Philippine online betting space, as Evelyn Balyton points out is not lagging on this front, she predicts that the number of people engaging in online sports betting will increase twofold and reliance on online sports betting tipsters will grow. Evelyn attributes this growth to the availability of credible and comprehensive analysis as well as reliable predictions. To get more insights on the Philippines online betting scene as well as sports betting predictions and tips from the experienced pundit, check on Evelyn Balyton’s profile here.
E-sports betting
Apart from the growth of online sports betting in the Philippines, new trends have emerged and they are expected to gain prominence in 2022. E-sports, a relatively new area for bettors in the Philippines, is expected to record new numbers.
Esports is being offered by numerous operators each promising a great experience for bettors in 2022. With this trend, what is in it for the Filipino e-sports betting enthusiasts?. Online sports pundits caution bettors to be on the lookout, when the market grows fast, there is a likelihood of unscrupulous operators who are not in to give the best experience but to swindle the unsuspecting betting enthusiast.
It is important to familiarize yourself with the market and also seek help from experts. E-sports in the Philippines will continue to grow and record-high numbers as far as participants are concerned. To be on the safe side and ensure the best experience bettors are advised to carry out a comprehensive research or rely on credible tipsters for tips and predictions.
The question surrounding the legality of esports betting in the country has been dealt with in 2022. Many are interested in gathering as much information as possible. One e-sports betting expert points out that e-sports is legal in the Philippines unlike in many other jurisdictions in South East Asia. The only concern for those who may be looking to venture into the emerging market is the age where one is supposed to be over eighteen.
Use of cryptocurrencies and digital money in betting
2021 witnessed an increase in the number of bookmakers accepting cryptocurrencies in the country. In 2022, the number is expected to increase further giving bettors more payment options. In addition to online betting using Gcash, bettors in the Philippines in 2022 will have access to sites offering Bitcoin as well as other cryptocurrencies. The use of cryptocurrencies in betting has its advantages such as:
- Low transaction fees
- Anonymity for those who would like to maintain their privacy
- Stability as it is not controlled by any central authority
Online bookmakers in the Philippines
Bettors in the Philippines have at their disposal hundreds of bookmakers where they can place the bet on their favorite odds. Majority of those who bet in the country focus on basketball and football, the two most popular sports in the Philippines. However, there are other options including sports that are not available in the country. “For those who would like to bet on it, says one betting agent, the sportsbooks in the country have made it easy for everyone.
Although the law at times may not be clear on some elements of online sports betting, sportsbooks have made it possible for the bettors to bet on major sports events such as NBA, World cup, among others using international platforms. It is expected that bettors looking to wager on their favorite sports will have a wider option as the number of online bookmakers in the Philippines is set to increase.
On the question of most popular betting sites in the Philippines in 2022, online betting pundits observe that Filipinos have shown interest in a wide variety of sports but those bookmakers that offer basketball markets record good numbers. This is attributed to the popularity of sports in the country. 747 betting site and Rivarly bet are some of the sportsbooks that betting enthusiasts in the Philippines can rely on to get basketball bets, others include Betway, Everygame, 22Bet among others.
With lots of bookmakers’ reviews now available on the internet, one betting agent has been quoted advising bettors to carry out due diligence when selecting a betting site in 2022. True to this statement, information flow in recent years and in particular 2022 has been phenomenal and is not comparable to any other period in history. The betting fraternity, especially bettors, should do their homework well if they are to get the best experience in 2022.
As 2022 progresses, the betting scene will continue to experience new trends, bettors need to familiarize themselves to take advantage of the emerging trends. Reliance on platforms that give credible and latest information will increase the chances of learning the trends firsthand.