Horse racing betting vouchers philippines

In tighter enforcement moves prior to the legislation and partly pressured by the Chinese government, the Cambodian government banned all online gambling, resulting in significant impact in the local gambling market. As a result, the number of actively operating casinos shrank from 76 to 34 operators by the end of Laos There are two Chinese- or Macau-owned casinos operating in Laos Similar to the Cambodian market, both casinos cater exclusively to Chinese tourists from across the Chinese border.

The first casino to operate was King Romans, while Savant Vegas is the latest operator. Myanmar Myanmar formerly known as Burma has a very complicated political environment. For starters, the country is in transition from an almost year military rule into a democracy Elections have been held but Myanmar suffers from deep legacy of ethnic and religious fault lines 55 that has even overlapped into gambling laws.

There are fractured and renegade provinces still under the command of rebel forces opposed to the either the military rulers or new democratic parties Casinos were legalized in 57 , but this served as another vehicle to facilitate political corruption. The widely reported example is that of the USD15 billion new development known as Yatai City 58 , where in exchange for casino approvals to rebel forces, the latter agreed to assimilate back into society. Proxy betting is wagers placed by offshore punters almost exclusively from China in legal online casinos.

The local authorities were pressured recently by the Chinese government to crackdown on these online casinos as they facilitate illegal money outflows from the Chinese mainland. There are at least 47 licensed land-based casinos operating in the country, including 43 owned by the national casino regulator As the pandemic drastically reduced land-based casino tax revenues, the Philippines in December approved three casinos in the capital of Manila to offer online sports betting in the form of horse racing and cockfighting Timor-Leste After gaining independence in through a public referendum from Indonesia, Timor-Leste struggled to find new forms of economic revenue streams.

While it negotiated for oil drilling concession rights with neighboring Australia, Timor-Leste explored with awarding casino licenses. In , the Malaysia-based public listed slot machine maker RGB International submitted the first application for a casino license paying a USD, deposit, only to face delays in license issuance.

RGB subsequently withdrew their application Thailand, Indonesia and Brunei There are no legal gambling operators in these three countries. Brunei and Indonesia are sharia law countries and prohibit any form of gambling. Those who are found to be gambling are imprisoned or fined. Oceania The Oceania region consists of all the Pacific Ocean island nations i. For the purposes of this paper, we will focus on Australia and New Zealand for two reasons.

The first is the small population size of the Pacific Island nations wound render any sports betting market to be a very minor industry. Second, the Australian and New Zealand sports betting markets are very mature industries able to offer deeper insights for fantasy sports regulatory models elsewhere. Gambling Act and Racing Act are the two laws that regulate gambling and sports betting in the country To better control sports betting, only two government-linked organizations—the New Zealand Racing Board NZRB and Lotto New Zealand, are allowed to offer sports betting and online sports betting within the country.

Interestingly, offshore betting operators while they cannot market their products in New Zealand may offer wagers to New Zealanders. Fantasy sports operators, however, may be caught out through the prohibition of interactive gambling in the Gambling Act , but fantasy sports competitions may escape the legislation. For example as part of the guidance on the Act, the New Zealand Department of Internal Affairs offers this explanation 67 : If any competition involves "gambling" and there is consideration paid to enter then it will breach the prohibition on remote interactive gambling.

Where a competitor chooses or selects winners for future games or sporting events this generally involves some element of chance as well as skill. If entry is genuinely free it will not be caught by the Act. If there is some consideration or more than a true communication cost then this type of competition will be caught by the Act. If this explanation of the intention of the law is strictly interpreted, fantasy sports team selection which is a skill can be allowed, as it is not selecting winners or winning events, but rather the performance of individual real-life players.

New Zealand also hosts six land-based casinos first approved through the Casino Control Act , although further issuance of casino licenses was curbed with the Gambling Act Under the same law, casinos cannot offer internet gambling to local citizens. For a nation of just over 25 million people, the level of gambling on a per capita basis is incredible.

Australia is also home to 13 land-based casinos. Gambling is regulated at the state and territory level 71 in Australia. As of , there are different gambling laws including amendments across all states and territories There is legal precedent that a gambling law once approved in a state or territory is applicable across at the federal Australia wide level Despite this, the advent of offshore gambling sites into Australia resulted in federal legislative response. Specifically the law prohibited online gambling that involved all contests that included chance or a mix of chance or skill, rewarded with cash prizes, required entrance fees to play and even bets between online platform participants.

To overcome this legal gray area and to preempt a future legislative tilt, existing fantasy sports operators seem to have hedged their legal position by partnering with Australian sports governing bodies, strengthening the argument that fantasy sports increases fan interest in the sports leagues and thus legal sport betting. This in turn besides positively advocating for the societal and sports industry benefits of encouraging fantasy sports contests and increases government tax revenues.

Overview Our review of the legal and regulatory landscape of the Asia-Pacific fantasy sports industry, covering 21 countries, offers five important insights for stakeholders. The first insight is that contrary to common perception, legal sports betting is available in a third of countries nine countries in the Asia-Pacific region.

As in most cases, there exists a hierarchy of such product or bet offerings in these various national markets. Australia and New Zealand jointly head the hierarchy, by allowing sports bets in all major sporting codes. Japan occupies the second rung with punters able to bet on five sporting events—the local football league J-League matches, horse racing, auto-racing, cycle racing and speedboat racing. Taiwan, South Korea, Singapore and Hong Kong take the middle positions of the hierarchy by sanctioning bets on a few major sports including overseas leagues.

At the bottom of the rung is Malaysia and China. Malaysia offers horse racing bets, while Chinese sports betting is limited to international football matches through a state lottery. Collectively, these nine jurisdictions have established laws regulating sports betting, which may signal regulatory acceptance of fantasy sports to coexist.

Our analysis shows this is the case for Australia, New Zealand and Singapore. The second insight is that it is abundantly clear that there exists no fantasy sports per se regulation in the Asia-Pacific region. However, because fantasy sports is almost exclusively organized through the internet and thus online, many Asia-Pacific jurisdictions have enacted online gambling laws that may impact fantasy sports competitions.

Only New Zealand allows offshore betting operators to take online bets including online sports bets onshore although they cannot market their services onshore , while Australian law and Singapore law regulates through state licenses online sports betting within the country. Such a scenario offers fantasy sports operational security in the form of the Australian regulatory model.

That is since sports betting is legal in these markets albeit in limited number of sports regulators can require fantasy sports operators to be licensed. The third insight is that second largest potential sports betting and fantasy sports market in terms of consumer size—Indonesia population of million —being a Muslim nation, does not currently allow any forms of gambling or onshore betting whatsoever.

It would not be over zealous therefore, based on the market conditions elsewhere in the region, to state that offshore sports betting providers already have bridged the gap. Despite that, Indonesia may yet offer future opportunities for betting operators because of its unique political framework. While being the largest Muslim country in the world, Indonesia practices a moderate and tolerant form of Islam in most of its provinces The exception being the island of Sumatera, especially northern Sumatera where strict sharia law is enforced.

Bali also has liberal laws for alcohol consumption forbidden in Islam and Western style tourism lifestyle. An existing sports betting model horse racing has been in existence in neighboring Muslim Malaysia since , which also is one of just four Muslim countries in the world that hosts casinos. Four national football governing bodies China, South Korea, Japan and Australia are already actively working with fantasy sports providers, and given their combined market sizes and formidable role in regional marketing rights agreements, there exists an opportunity for the regional football governing body—the Asian Football Confederation AFC —to take the lead in self-regulating football-based fantasy sports competitions.

A parallel model known as sports integrity fees in sports betting as used in Australian sports could serve as an example for the AFC Australian sports betting operators pay national sports governing bodies an integrity fee for use of match data for gambling purposes i. Such market stakeholder-driven self-regulation may help lawmakers in the Asia-Pacific take regulatory risks or ease restrictions on fantasy sports competitions.

The medium-term impact would be increased fan interest in the actual game. The AFC has trialed early moves with fantasy sports within its flagship Asian Cup championships 82 but remains on the sidelines for further expansion of this strategy. This is contrast to its peers such as the European football governing body UEFA, which already actively promotes fantasy football using its own website.

Our review in this paper has revealed that the gambling industries in Macau, Laos, Cambodia, Philippines and North Korea are directly dependent on Chinese gambling tourism. Further evidence from the Philippines, where Chinese gamblers can indirectly bet online, showcases the massive size of both legal and illegal online gambling in the Asia-Pacific.

As such, the recent move by China to curtail gambling tourism activity of its citizens 84 may result in significant increase of illegal offshore online betting. While it remains unclear as to the share of sports betting in this pool, there remains a strong probability much of this gambling tourism wagers can be parlayed into illegal sports betting sites.

What are the implications for fantasy sports operators? For one, with increased outflows to illegal online sites, regulators may turn extremely conservative to offer any concessions for fantasy sport that will create loopholes for illegal gambling. Second, forward-thinking regulators may sense an opportunity to channel these new wagers to fantasy sports competitions by enacting specific fantasy sports laws, which have curbs against pure chance like competitions.

Regulatory framework for the Asia-Pacific fantasy sports market In this section, we return to the seven Nevada sports betting model regulatory best practices and consider the findings from our analysis. We then offer a regulatory framework for Asia-Pacific legislators and stakeholders: Integrity is paramount in the game; sports betting will fail if the game itself is riddled with integrity legacy issues We find Asia-Pacific is still a hotbed for global football match fixing 85 despite a long history of such activities.

International sports data company Sportradar reported match fixing incidents in Asian football matches even during COVID in Therefore, sport governing bodies, in particular the Asian Football Confederation, need to improve its strategies to combat this malaise. Without confidence in the integrity of matches, lawmakers would be reluctant to approve sports betting and fantasy sports for the masses, if consumers are exposed to cheating on the field. State-level jurisdiction is supreme to federal level laws; Australia, Japan and China are the three jurisdictions that have both state regional and federal gambling laws.

In the past until , regions in the Philippines also had the right to grant gaming licenses. State-level authority to grant gambling licenses has the advantage to meet local conditions and needs such as tax codes, local job creation, religious factors and political climate. State lawmakers are more in touch with public sentiment toward gambling in their local constituencies.

In the Asia-Pacific, the lack of access to online legal sports betting is a very high opportunity cost to a punter. Therefore, thousands of illegal operators thrive in the market to fill the market need. This is the single biggest reason to legalize sports betting, by simply offering a legitimate product or service. The political reality in countries such as China, Laos, Cambodia, Malaysia and the Philippines continue to see direct government intervention in commercial gambling markets.

New market players would be cautious of making major investments in sports betting and fantasy sports infrastructure if such interventions take place despite existing legislation. Illegal punters are here to stay, so enforcement must be ongoing despite regulation There is strong enforcement evidence against illegal gambling in Malaysia, Singapore, China and Australia.

The New Zealand model of approving offshore operators legal and illegal to offer online bets to locals is rather unusual and may actually deter predatory illegal operators. At the extremes, the Philippines regulation of licensing offshore operators to operate from the country largely for China based punters is another special business model that competes with illegal non-licensed offshore operators. The New Zealand and Philippines models are examples pre-emptive enforcement. The Nevada model called for a comprehensive technology integrity at all levels of gambling especially with online gambling or wagers taken outside the casino environment.

The Nevada Gaming Commission established in regulates technology in gambling. In our analysis, we did not encounter other than a passing reference a discussion on gambling technology in the Asia-Pacific. What we did find were the availability of many private proprietary fantasy sports platforms in Asia for the Indian market 87 , which raises the question: how as a regulator do you ascertain the credibility of these technologies?

What Is Pari-Mutuel Betting? Pari-mutuel betting is a type of wagering where the house — in this case the racetrack or racebook — does not extend credit or take on any risk. In traditional casino gambling, games are "house-banked," meaning that you can win money from and lose money to the house. Racebooks work on a different system, whereby all wagers come in, are pooled together, a commission is removed from the pot by the bookmaker, and then the remainder is paid out to winners.

This is pari-mutuel wagering. Literally, the pari-mutuel definition is "mutual betting," or pool-based betting. This disparity between the pari-mutuel system and typical gambling is how horse racing betting got its own laws separate and distinct from the state and federal gambling regulations that govern casinos and card rooms in the US.

Unlike sports betting — with the exceptions of things like Triple Crown futures — all wagering is pool-based, or pari-mutuel, in nature. When you see a line you like, make sure you saddle up and place your wagers immediately. Place — A bet that a given horse will finish in either first or second place. Show — A bet that a given horse will finish in first, second, or third place. Exotic Wagers Parlays Exacta — A bet on the winner and runner up, in order.

Quinella — A bet on the winner and runner up, in either order. Trifecta — A bet on the winner, second place, and third place, in order. Superfecta — A bet on the winner, second place, third place, and fourth place, in order. Daily Double — A bet on the winners of two consecutive races on the ticket. Pick 3 — A bet on the winners of three consecutive races on the ticket. Pick 4 — A bet on the winners of five consecutive races on the ticket. Pick 6 — A bet on the winners of six consecutive races on the ticket.

All of the top online racebooks accept Bitcoin and other cryptocurrencies, which are their preferred methods of deposit.

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You will have free bets that act as an incentive to register a new account, which you will use to gamble. Nearer the festival weeks, the Bookmakers bring you details of free latest bets offers, explicitly for horse racing tracks and live racing. Money-Back Specials — Here, the gamblers get back their stake in the form of free bets rather than actual cash. Hence will help you to at least make a win. Enhanced racing odds — An incentive is offered to the gamblers to open up an original horse betting account.

As a result, the necessitation of enhanced odds on horse racing is made available. Sometimes fancy runners are also provided with this in some big races. Offering best odds — Bookmakers ensure that gamblers have the best odds that can make one win. As a result, you will be able to get the best odds as expected in the first place to make you start on the right track.

The Best Sportsbooks for Horse Racing that Accept Filipino Players Filipinos love and enjoy sports, which is why many online sportsbooks sites accept players from the Philippines. Although it can be hectic to find safe and legal horse racing betting sites, there are licensed regulators to ensure betting on sport in the Philippines is safe. The best bookmakers include: 1xBet 1xBet is making waves in the online gambling world. The operator is very fashionable and that is why many gamblers love it.

This site is fast, easily accessible and easy to navigate. It offers more extensive betting options, and therefore the Filipinos embrace it. Punters need to register, and after that, they will obtain a user name and a password to their account. It is very user friendly coming with flexible payment methods. Furthermore, it accepts payments in Euros, Hong Kong Dollar, and other currencies.

It also accepts your credit card when you want to gamble. Malta Gaming Authority regulates Betfair, which makes it a reliable betting platform. Besides, Betfair offers amazing welcome bonuses to first-time gamblers with over 32 sports to bet on. However, there is a wagering requirement for the gamblers. Gamblers have to meet all the wagering requirements to cash out their winnings. These are just some of the popular bets that you can play in horse racing.

You can find other types of bets and wagering options depending on the club or the website where you will place the bets. It is highly recommended that you read first about the different types of bets before playing in real money. It also helps if you follow the sports and the previous results in horse racing.

Knowing the past results and statistics in horse racing can help you make informed bets. You can also rely on horse racing tips and news that are often published in local papers and many websites focused on the horse racing industry. This type of sport is still popular in the country. Even though the industry has faced some challenges in the past, races are still hosted which allows players to bet on the results.

There are three well-known racing tracks in the Philippines. Two of the popular racing tracks are located in Carmona and Naic, Cavite. Although you can find betting terminals in the race tracks, you are also given the option to bet off-site and online. Some several licensed casinos and operators accept bets online and in off-track betting terminals.

Simply visit these terminals to enjoy the perks of horse racing Philippines without the need to be physically present at the race tracks. Just like other sports, horse racing features several bets.