Argentina is a vigorous Latin American country where most sportsmen, viewers, and punters are emotional and impetuous. The legislation related to gambling and sports betting, in particular, is relatively vague. It resembles the US to some extent, with the difference that here regulations may differ even from one city to another.
Betting on sports has been a part of Argentine culture and everyday life for a long time. The recent advancement of technologies further boosts the locals’ interest in the field by making sports betting more flexible and easy to practice.
We will not surprise anybody by saying that soccer is probably the most popular sport in the country. After all, one of the names emblems in this sport is Diego Armando Maradona, who with his ingenious play and colorful personality has put Argentina on the world football map forever.
If you are not an experienced punter, you may have a lot of questions related to this attractive field. Do you wonder how to decide whether a particular online sportsbook is reliable or not, or if there are specific country restrictions you must comply with? You are at the right place. We have prepared detailed information about online sports betting in Argentina, so keep on reading.
Legalities of Online Sports Betting in Argentina
Historical Betting Overview
The initial forms of gambling on the territory of today’s Argentina date away back in time. We will begin our historical overview in the 19th century when the turf (horse racing) became extremely popular. In the beginning, it was an elitist betting activity performed by nobles and wealthy tradesmen only. Over time, that changed and more people were engaged in this pastime. Betting was considered a way to socialize, have fun and earn some money.
A key event was the establishment of the Buenos Aires Jockey Club in 1882, which gave a strong push to horse racing as one of the everlasting favorites of the betting community in Argentina. A couple of years earlier, in 1867, the first South American football game took place and quickly won the hearts of local fans. Logically, as years passed, more events were held so people started betting on the matches outcomes.
An interesting variation of soccer betting is La Quiniela that is still very popular in Argentina. Its beginning most probably was in 1929 at a Spanish sports bar called La Callealtera. The essence of La Quiniela is making a forecast on several matches, most often within a lottery ticket. Usually, the earnings are divided between charities, prizes, and ticket distribution.
What You Need to Know About Sports Betting in Argentina
Having in mind that online sports betting was completely illegal until 2018, the land-based betting shops, race tracks, casinos, and bingo halls are still popular. However, online bookies licensed by foreign regulatory bodies were able to operate on the Argentinean market although it was a legally grey area. Most cities have only one brick-and-mortar casino, while there are some exceptions of course.
Each province in Argentina is authorized to regulate the gambling activities being executed on its territory. This means that the rules applicable in one city may not be effective in another, so you must always check the local legislation before looking for a betting shop or an online sportsbook.
Some regions in the country are bet-free as the local authorities have decided that no gambling will be accepted within a certain province or municipality. Not everything is lost in this case, as there are a lot of international sportsbooks that accept punters from Argentina regardless of their exact location. Currently, their operation is not regulated by the state authorities, but it is not forbidden also, so you are on the safe side.
Online bookmakers operating in Argentina, especially the foreign companies, follow the latest trends and provide their users with native mobile applications, in-browser apps, various betting markets, and all kinds of promotional offers. As for the payment methods, bettors can use bank transfers, credits cards, eWallets, prepaid cards, and online banking systems.
Odds Format in Argentina
One of the first steps to become a successful bettor is to fully understand what different odds formats mean. In general, odds show the possible payout if you place a winning bet. There are several options, but the most famous ones are decimal, fractional, and American.
Argentine culture including food, entertainment, gambling, and sports betting is highly influenced by Spain. Both countries are focused on soccer as one of the leading sports and hence, the most popular odds format on their territories is decimal (eg. 2.9). It enables punters to quickly calculate the return in case they make a successful prediction. It should be borne in mind that the decimal odds indicate the eventual overall return, but not the net profit.
The USA is not that far away and basketball is a preferred choice of bettors in Argentina, so you can often come upon the American odds format while exploring the online sportsbooks. Its characteristic feature is that it comes either with a minus or a plus in front of the number, depending on whether you support the favorite or the underdog.
Argentine Betting Laws and Legislation
When it comes to regulation, sports betting in Argentina is quite a complex field. There is no general law that applies to the whole country. Specific provisions are in force in the individual provinces and there are even regions where any gambling activity is forbidden.
The National Criminal Code of Argentina states that the operation of any gambling business without valid authorization is considered a criminal offense that leads to a penalty of three to six years’ imprisonment.
Regardless of the restrictions present, betting on sports is widespread and leads to the accumulation of significant turnover. That is why the local authorities have begun to introduce some legislative changes that will allow them to better control the market and collect taxes which will eventually increase the revenue in the country’s budget.
The first step was taken by the province of Buenos Aires in 2018 which approved a legislative measure that legalized online sports betting, casino, and lottery games. According to Law No. 15,079 and Decree No. 181/2019, operators must obtain a license issued by the Provincial Lottery and Casino Institute. Non-Argentine betting companies may function only under temporary joint ventures together with a local company. The proviso is that the local entity must have a share of at least 15%.
These recent changes in the Buenos Aires province and city regulations will probably affect other jurisdictions. Currently, they have two options – to initiate licensing procedures or to conclude agreements with administrations that have already legalized online sports betting and gambling.
Despite the fact that sports betting is not regulated on a state level, at the end of 2020, the Ministry of Finance increased the gambling tax from 2% to 5%. The state tax is intended to apply to all online betting transactions. Punters’ winnings are not taxable unless they are professional bettors or eSports athletes.
Betting Restrictions in Argentina
The minimum allowed age for executing betting and gambling activities in Argentina is 18 years. Due to the unequable legislative coverage in the country, however, this restriction is hard to control in some of the regions.
Bettors who have decided to bet only via locally legalized sportsbooks must check which ones have acquired a license in their province of residence. Bookies will not accept wagers from punters outside the respective area. The authorities in Buenos have expressed an intention to oblige bettors to register a credit card for paying taxes and fees when they gain any winnings.
Neither of the laws and regulations in Argentina specifically outlines advertising of sports betting. However, we can conclude that only licensed operators are allowed to engage in promotional and marketing activities. The legislative acts that are in force in Buenos Aires require the winnings to be included in the advertising materials and initiatives.
Online Betting Regulatory Body in Argentina
Although being governed on a federal level, Argentina used to have the National Lottery (LNSE) which was responsible for the regulation and monitoring of games of chance throughout the whole country. Many of its powers were transferred to the government of the city of Buenos Aires in 2017 and one year later its existence was terminated by means of a special decree.
Now, each of the 23 provinces plus the city of Buenos Aires has the powers to govern all gambling activities including online sports betting that are carried out on their territory. This means that there are 24 different regulatory bodies in Argentina dealing with online betting.
For the city of Buenos Aires it is Lotería de la Ciudad de Buenos Aires SE and for the Province of Catamarca it is Caja de Prestaciones Sociales de la Provincia de Catamarca. To get any information from any of these institutions you need to speak Spanish or use a translator because neither of their websites is available in a language different from Spanish.
There is also the Association of Argentine State Lotteries (ALEA) that is an industry association but does not have regulatory powers. However, it made an important proposal in July 2021. ALEA urged gaming and betting operators to adopt the new .bet.ar domain names as a tool to combat illegal gambling. As this is a pretty new measure, its effect is yet to be evaluated.
Popular Betting Markets in Argentina
Soccer almost always appears in the Top 5 of the most popular sports no matter which country we are discussing. When the main theme is Argentina, however, this discipline far surpasses all other sports both in terms of the fanbase it has and the events punters can place their bets on. In two consecutive football generations, there are prominent Argentine players who have glorified the country around the world – Diego Maradona and Lionel Messi. Bettors can try to guess the outcome of countless events each week and place all types of bets you can think of.
Although basketball first appeared in the United States, it has gained huge popularity in Argentina. Fortunately for the local fans, the men’s national team is one of the most successful worldwide. It has won the quintuplet crown: FIBA World Cup, Olympic Gold Medal, FIBA Diamond Ball, FIBA AmeriCup, and Pan American Gold Medal. Online sportsbooks feature events from Argentina Basketball League A, Argentina La Liga, the NBA, the NCAA, the Euroleague, and many more.
When talking about sports betting in Argentina, one can never miss horse racing, no matter if in connection with the classic betting on racetracks or via online bookmakers. This discipline has been an unalterable part of the local lifestyle since the end of the 19th century. Nowadays, the top event of the year is the Gran Premio Nacional, which is the equivalent of the Kentucky Derby.
Among the sports with the greatest number of betting markets available is tennis. The four Grand Slam tournaments are featured as well as hundreds of events from ATP, WTA, ITS, and Challenger series.
Having in mind the Argentines are avid fans of many sports, it is not possible to outline all of them within this review. We will only add motorsports to the above shortlist. According to some analysts, it is only soccer that excels it in the hearts of the local sports aficionados. Motorbikes, Formula 1, and speedway, you can find all of them within the online bookies operating on the territory of Argentina.
Popular Betting Markets in Argentina Summary | |
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Sport | Leagues |
Soccer | Argentina Primera D Metropolitana, Argentina Superliga, Copa Libertadores, UEFA Champions League, UEFA Europa League, etc. |
Basketball | Argentina Basketball League A, Argentina La Liga, NBA, NCAA, Euroleague, Adriatic League, etc. |
Horse Racing | Palermo, Las Piedras, Maronas, Hipo Chile, Woodbine, Turf Paradise, Ascot, 1965 Chase |
Tennis | US Open, Australian Open, Roland Garros, Wimbledon, ATP Campinas Challenger, WTA Montevideo 125K Series, etc. |
Motorsports | Formula 1, Speedway World Championship, World Superbikes, Sydney SuperNight, etc. |
Argentine Online Betting Bonuses
It is time to turn our attention to one of the most pleasant parts of sports betting – the bonuses. The local legislation has no special provisions regarding the promotional offers, so if online betting is legal in your area, you can enjoy the whole range of enticing bonus offers bookies around the world provide.
Most online bookmakers that accept punters from Argentina greet them with different welcome bonuses. Usually, it is a 50 or 100% bonus up to a certain amount in free bets. Some sportsbooks provide a whole welcome package related to the first three deposits. In order to receive the bonus, punters must first meet a particular wagering requirement (5x, 3x, etc.).
Another common incentive is the refer-a-friend promotion. Usually, there is no limit on how many friends you can refer. You benefit from this type of bonus if your friend sets up an account, makes a deposit, and places a bet within a certain time period.
Regularly using high stakes is stimulated by rebate bonuses. We will give an example. If a punter places bets with a total amount of $2,000 for example within one week, he will be automatically awarded a certain amount in free bets. Some bookies have specific requirements regarding the eligible bet types, so always check terms and conditions before taking part in a promotion.
Major online sportsbooks have loyalty programs intended to please their long-term patrons. These are usually point-based, with punters collecting loyalty points via their real-money betting experience. After reaching a preliminary set level, they can exchange the accumulated comps for different prizes – free bets, enhanced odds, cash amounts, etc.
We advise you to regularly check the promotions section of your online sportsbook. It may have additional offers that are available for a limited time only but to provide you with a significant reward.
Mobile Betting in Argentina
The advancement of mobile technologies and their presence in our daily lives are ubiquitous. A significant part of online bettors use their smartphones to place bets since this enables them to practice their favorite leisure activity no matter if they are at home, in the office, or on a vacation. There is hardly a modern online bookmaker that has not taken care of on-the-go punters by developing a mobile-friendly sportsbook to serve their needs.
Online bookies in Argentina make no exception to this rule and provide their registered users with different means for a flawless betting experience regardless of the device used. The most common option is a mobile version of the main betting website. In-browser apps are not limited in terms of functionality and features, and usually have no visual differences with the site. The technologies are advanced enough to enable online betting no matter which is your preferred browser.
Some bettors show a preference for downloadable apps. Major betting operators are well aware of this and have developed dedicated mobile applications for Android and iOS devices. Sometimes, although not very often, the app must be downloaded as an apk file directly from the sportsbook’s website. There are technical requirements about the version of the operating system, so check the info prior to downloading.
Popular Betting Banking Methods in Argentina
Argentina-friendly online sportsbooks accept a wide range of payment methods which is a good move since nowadays punters have diverse preferences.
As soon as you log in and access your cashier, a list of the available deposit and withdrawal options will show up, starting with the commonly used credit and debit cards (Visa, Mastercard) and online bank transfers. Regardless of technological advancement in the payments sector, bank cards still remain a favorite choice of the traditionally minded punters. The only downside is that in some cases withdrawals can take up to 5 days.
Those who want to reveal as little personal data as possible are moving to eWallets. Among the options Argentine bettors have are Skrill and Neteller, which contribute to more flexible transactions and instant deposits. Withdrawals are also possible and you can access your funds in no more than 48 hours.
One of the best options is to top up your account via the prepaid solution Paysafecard. Using it is extremely simple. All you have to do is enter the unique 16-digit code and the money will be immediately added to your balance. This payment method is not suitable for high-stake professional punters, however, since it has lower maximum transaction limits than all other methods.
Although not being popular in all parts of the world, AstroPay has managed to attract a lot of punters residing in Latin America and Asia. An advantage of this payment method is that AstroPay cards can be funded directly with the local currency and can be purchased via the locally used Pagofácil, Cobro Express, Rapipago, and other services. Some bookies support AstroPay withdrawals, but the maximum amount is usually not more than $500.
Popular Banking Methods in Argentina | |||||
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Payment Method | Fees | Deposit Limits | Deposit Times | Withdrawal Limits | Withdrawal Times |
Credit cards (Visa, Mastercard) | 1.0% – 10.0% | Min $10/Max $30,000 per transaction | 1-3 business days | Min $10/Max $30,000 per transaction | 1 – 5 business days |
Online bank transfers | Varies | Min $10/Max $100,000 per transaction | Up to 24 hours | Min $10/Max $50,000 per transaction | 1-5 business days |
Skrill | Up to 5% | Min $1/Max $5,000 per transaction | Instant | Min $10/Max $38,000 per transaction | Up to 48 hours |
Neteller | Up to 2.99% | Min $1/Max $5,000 per transaction | Instant | Min $20/Max $50,000 per transaction | Up to 48 hours |
Paysafecard | 0-3% | Min $10/Max $1,000 per transaction | Instant | N/A | N/A |
AstroPay | No fees | Min $10/Max $10,000 per transaction | Instant | Min $10/Max $500 per transaction | N/A |
What to Watch When Picking Argentine Betting Site
Now that we have discussed the basics of online sports betting in Argentina, it is time to find a sportsbook that you will feel comfortable with. If digging up through the countless offers online is not your thing, you may refer to our Top 10 list with the best bookies accepting players from Argentina.
If you prefer, you can do your own research by looking for some key features that will ensure your trouble-free and enjoyable betting experience. The most important thing when betting online is your data and transactions to be strictly protected. This is 100% guaranteed only by bookmakers that hold a valid license issued by a trusted regulatory body. Having in mind, the Argentine gambling legislation is still vague, it would be better if you choose an operator licensed by the Malta Gaming Authority, the UK Gambling Commission, the Kahnawake Gaming Commission, or any other state authority that is experienced in regulating gaming and betting activities.
It’s good to know what payment methods the sportsbook supports before you make a registration. Not all bookies accept deposits in local currencies. The solution they offer is an automatic currency conversion, but sometimes it leads to additional charges. Make sure you have all the info in advance to prevent unpleasant surprises in the future.
It is a good idea to check how the mobile applications behave on your mobile device and if they provide all functionalities needed.
Sports betting is a highly competitive field, so you better pay attention to indicators such as the variety of sports and bet types, the availability of competitive odds, and profitable promotional offers.