How Sports Betting Differs Across The World

Sports betting has been increasing in popularity as of late, becoming a global sensation. While many countries are partaking in online sports betting, each country has its own set of rules and regulations to govern this process. It is important to determine if sports betting is legal in your country before attempting to take on this exciting hobby.

With each country following its guidelines, it can be difficult to determine the legality of it, as most of them do not provide a clear distinction of what is legally allowed and what is not. It is therefore up to bookmakers to ensure that they follow the rules and regulations of their home state. One of the benefits of sports betting in a country that allows it legally is that you can access

Betting on sports in Australia

Australia’s history in gambling dates back to 1810 and has remained a popular hobby ever since – with over 6 million active players currently. So much so that Australia has been dubbed one of the world’s leading gambling states. You need to be over the age of 18 to legally gamble. Australian laws tend to favour gambling, and do not charge tax on online gambling winnings as lucky and not gains. Instead, bookmakers are required to pay the tax.

Sports betting in Canada

The government needs to approve all betting houses, without this approval, the establishment will be illegal. It is also illegal to place bets for someone other than yourself. As of 1970, individual states are able to provide authorisation for the establishment of casinos. One of the downfalls of betting in Canada is that you cannot place single bets, you need to bet on multiple games.

Betting in Belgium

Unlike other European Union nations, gambling is legal in Belgium. Legislation requires online betting establishments to apply for a license for gambling in that region, as they would for a physical casino. There are also limits in place with regards to foreign companies that can operate casinos in Belgium. If any player is found to be accessing illegal sites, they will receive a fine of up to £25,000.

Sports betting in the UK

In 2007 the Gambling act came into effect and lead to the boom in the gambling industry. Most forms of betting and gambling are legal, make it one of the world’s most gambling-friendly locations. You need to be over 18 years of age to gamble.

Singapore

In this country, remote gambling is strictly prohibited unless otherwise stated by Parliament or the Ministry of Home Affairs.

Do your research

When it comes to sports betting, always research your country to determine what is legal and what is not to prevent any serious, legal consequences. While gambling has a rich history, it is also an ever-expanding industry with its own rules and regulations to guide it all.