Nearly 20% of the world’s population prefer online betting to traditional betting, and this shows how far this practice is progressing. There are plenty of reasons why people prefer to do it on the go, rather than having to visit sports betting venues, and the biggest ones include freedom and control over your investment. Peru is one of the countries where people enjoy this pastime, and here we are going to list some of the things you need to know about Peruvian online betting sites and laws.
1. There are more sites than you might imagine
The first thing you need to know is that this industry is extremely popular in Peru, and since traditional gambling is legal, but frowned upon, millions of people choose to go online for this hobby activity. Many sites offer this to their users, and some are better and more versatile than others.
Since there are hundreds of places where you can spend your time playing these games and betting on your favorite sports, and since not all of them are transparent, there are also many rules and regulations regarding these websites, and you have to pay close attention to which ones you choose.
2. The site must have a license
Online betting became completely legal in 2008 in the country, and since then sites must have a license in order to operate. The problem with this is that there are a lot of places people can bet, and as we mentioned before, not all of them have these permits.
Telecommunications regulators and law enforcement in Peru are doing their best to block off places that don’t have the necessary licenses, but they can’t be as fast as new places are popping up. Thus, it is recommended that every user first checks the legality of the website before choosing to share their banking details with the site.
3. There are many popular sports
The people of this country like to bet on different sports, and the most popular is football. Since it is also one of the most popular sports in the country and this country has many world famous players, online betting should focus on this sport.
However, it is not the only sport enjoyed by people who want to test their skills and luck, and some of the other trendy options include volleyball, basketball and tennis.
As you can see from websites such as www.lotoperu.com, there are many different games you can indulge in, and if you want to bet on tennis in Peru, you can use a brand like Te Apuesto Peru.
4. Transactions are monitored
When we log our credit card information or add our bank details to a website, we want to know that we are safe. Unfortunately, there are many places that look legit, but once we end up making a mistake and sharing our personal details with them, we realize we’ve been scammed and funds are flowing out of our account without us knowing. approved.
You should know that things are much safer in this country and every gambling transaction including online betting is monitored by the authorities so things cannot go unnoticed. They use a specialized computer system that prevents sites from scamming individuals and, in the same vein, prevents people from trying illegal things to make a quick buck.
5. You can use different currencies
Another interesting fact you should know about these sites is that you are not technically limited to a specific currency. Many people like to use Peruvian sol as their currency of choice, but some opt for US dollars. So, in most sites, you can use at least these two, and some even choose to offer other options to their customers as well. Note that this is not regulated by law, so you may come across betting venues where only one currency is available, and you should only use that currency to place your bet.
Along the same lines, in most places you can choose between the two main languages - Spanish and English to navigate the website. However, with modern technology, even if you wish to view the site in other languages, you can do so automatically with the translation feature.
6. You can opt for many deposit and withdrawal methods
Finally, if you’re worried that your options are limited when it comes to putting your money into the site or withdrawing your profits, know that you shouldn’t worry. There are a variety of options for every user, and chances are you’ll find what you need in a click or two.
Credit and debit cards are the most popular options, but you should know that there are minimum and maximum deposit limits that depend on your provider and the website you choose. You can also use the Skrill e-wallet or even Neteller. Bank transfers are another popular option, along with other types of cards and online wallets.
The withdrawal options are similar, and you can choose between the ones we have already mentioned, as well as a few other options, but again you should know that there are limits that vary between 10 and 100 thousand dollars depending on the site. , their rules, and regulations, as well as the method of deposit or withdrawal chosen.
As you can see, sports betting via the Internet is completely legal and regulated in the country. However, not all websites are safe and secure, and even though the government tries to do everything they can to monitor and block sites if necessary, you can still be scammed. For this reason, you should see if the place is encrypted and if they have the necessary licenses. Take your time to explore your options, and remember that to succeed in betting you need not only luck, but also information and skill.