Best New Online Bookmakers

Are new online bookmakers safe to use? This is a common question among Filipino punters. There is ample information on established bookies, which makes it rather easy to assess them, but this is not the case with newer operations. However, there is one surefire way to tell if a new online sportsbook is safe and legit.

Our experts objectively examine all facets of new betting sites and then pass their unbiased opinions to you. Keep on reading to learn which new bookies have met or exceeded our rigid standards. You can be confident that the sports betting sites we recommend are legal, legit, and safe.

best new online bookmaker

List of New Bookmakers in the Philippines

Found 5 bookmakers

8.4/10

  • Wager on over 50 sports and events categories
  • Licensed in Curacao
  • 100% Match Welcome Bonus of up to ₱5,000
  • Deposit and withdraw using fiat currency or cryptocurrency
  • 24/7 Support
  • No Live Streaming
  • Above-average odds margins
  • Neteller
  • Skrill
  • VISA
  • MasterCard
  • Credit Card
  • Bitcoin

New Online Bookmakers – The Ultimate Guide

Everything You Need to Know about New Bookmakers in the Philippines

Which are the best new online sportsbooks? Our experts have done their homework to find the answers. Keep reading to learn what the verdict is. This guide covers:

You’ll learn all you need to know about finding the best new bookmakers for the Philippines right here. There are a lot of things you need to consider when looking for a new bookie. Our experts have covered all the angles and are eager to share their unbiased opinions with Filipino punters.

After reading this guide, you will be able to confidently sign up at a new bookmaker knowing that the operator will provide you with fair odds, prompt payouts, and a safe and secure environment.

What you Need to Know about New Bookmakers in the Philippines

Gambling had already been prevalent in the Philippines long before Magellan arrived in the 1500s. Explorer Antonio Pigafetta wrote about how he came across people betting on cockfights when he arrived on the island of Palawan in 1521. Lotteries, horse racing, and many other forms of gambling like sports betting soon became popular and the first casinos started popping up by the mid-1800s.

  1. MegaSportsWorld is one of the most well-known domestic bookmakers in the Philippines. While punters may wager at over 100 land-based betting shops or place bets over the phone, they are not allowed to place bets with MSW over the internet.
  2. Betting on cockfights has been a legal activity since 1974. There are several cockfighting arenas throughout the country that host regular events and accept bets.
  3. PAGCOR, which is the entity tasked with licensing and regulating gambling in the Philippines, sees 50% of its revenues go into the national treasury. PAGCOR contributed over PHP 18 billion to the treasury in 2019, which was nearly PHP 2 billion more than in 2018.
  4. By law, Filipino punters are supposed to pay a 10% tax on gambling winnings below ₱10,000 and a 20% tax on winnings above ₱10,001. There have been no reports of the government going after punters for evading this tax.

The history of sports betting in the Philippines is a bit convoluted as it has been legalised and outlawed several times over the centuries. The important thing is that online sports betting with offshore bookmakers was legalised with the introduction of 2007’s Executive Order No. 13. That same piece of legislation prohibited domestic operators from offering their services to Filipinos. A court ruling in 2012 reaffirmed the legality of betting at offshore sites.

💶 CurrencyPhilippine Peso
🌍 International CodePHP
🗝️ Symbol
🗺️ Used inPhilippines
🏢 Governing OrganisationBangko Sentral ng Pilipinas
🧾 Denominations₱20, ₱50, ₱100, ₱500, ₱1,000

The Philippines is a hotbed for all types of gambling activity. Filipinos particularly enjoy betting on sports like basketball, boxing, rugby, baseball, and many others. They are fortunate in that betting on sports is legal and they have so many top-tier bookmakers and valuable bonuses to choose from.

The online gambling industry is both highly competitive and highly lucrative. Even though there’s already a seemingly endless number of bookmakers offering their services online, loads of new ones enter the fray every year. This is where MightyTips comes into the picture. Our experts put these new internet sportsbooks to the test and report their findings to you.

The Philippines is the only Asian country with a licensing authority. However, the operators that possess Philippine gambling licenses are not permitted to accept bets from Filipinos. This shouldn’t pose a problem for punters in this Southeast Asian nation as there are no laws that prevent Filipino sports bettors from wagering at offshore sites, including many of the best UK bookmakers.

faq

? Is it legal for Filipinos to place bets with foreign bookmakers?

Yes. Betting on sports online is legal in the Philippines as long as the punter uses a foreign site. Operators within the Philippines cannot accept bets from Filipino residents.

? Can I wager using the Philippine peso?

Some sites support the peso as a betting currency, but you’ll find that a lot of them don’t. Sites that don’t offer the peso for betting will accept a PHP deposit and then convert it into the supported betting currency of your choice.

? Do newer sports betting sites require punters to verify their identity?

Requiring customers to verify their age, identity, and place of residence is standard practice at top-tier bookmakers. This is required by law and is intended to help fight underage gambling and fraud among other things.

? Do I have to claim a welcome bonus at a new online betting site?

No. You may decline any bonus that’s offered to you. In most cases, you can accept or decline the bonus when you are signing up or when you make your first deposit. If you accidentally claim a bonus that you don’t want, contact support to cancel it before placing any wagers.

? Why can’t I deposit at my offshore bookmaker using PayPal?

PayPal only processes payments to gambling sites if the customer is in the same country as the gambling site it is licensed in.

How to Find the Best New Bookies

It’s a little easier to have faith in an established bookmaker like William Hill or Bet365 because they have been in business for such a long time and there is an overabundance of information about them. That doesn’t apply to startup operations, but it doesn’t mean that you can’t trust a newly-launched online sportsbook.

Be it an established international operator or one of the new kids on the block, the best bookmakers share a few traits. To begin with, top online bookmakers are licensed and regulated by respected authorities. You should avoid any unlicensed bookie when you’re searching for the best brand new betting sites. Here are 5 more characteristics of a premier sportsbook.

  1. Competitive Odds

    Making a profit from sports betting is tough even when you consistently get the best odds. Getting bad odds just makes it harder. The difference between getting -110 and -105 might not seem like much to the inexperienced recreational bettor, but experienced punters understand how those centavos and pesos add up over time. Getting the best odds can easily be the difference between making profit and losing money.

    thumbs up
  2. Extensive Coverage

    The best bookmakers serve up a full spectrum of sports. They cover mainstream sports like football, basketball, baseball, and cricket, as well as small market events such as billiards, darts, and figure skating. On top of that, they also offer odds on a range of eSports, entertainment, politics, and much more.

    man with magnifier
  3. Betting Options

    Having a certain sport on the betting menu is one thing. Having the most wagering options is a different story. The days of being limited to wagering on money-lines, spreads, and totals are far behind us. Those who enjoy betting on football obviously prefer a bookie that offers over 300 betting options for an individual match over a bookmaker that gives punters 50 or 60 wagering opportunities.

    different sport balls
  4. Lots of Payment Options

    Not everyone has a credit card. In fact, many Filipinos don’t even have a bank account. Still, punters from the Philippines have a variety of fast, safe, and secure payment options available to them at the top online betting sites. Cryptocurrency, prepaid cards, vouchers, and even wire transfers make it possible for almost anyone to bet online.

    bank card near phone
  5. Bonuses and Promotions

    The best brand new betting sites offer attractive bonuses to new Filipino customers. While these bonuses are an effective way to lure new players, a truly great bookmaker offers an array of regular promotions through which existing customers can earn cash, free bets, enhanced odds, and a plethora of other perks.

    gift box

Top 5 Bookies with Fast Payouts

Nobody likes waiting to get paid. Granted, withdrawing funds is bound to take a bit longer than depositing, mainly due to withdrawals being processed manually, but there are limits. One of the things that punters need to understand is that fast withdrawal times are often not exactly as advertised. Your bookie might boast about how, say, eWallet withdrawals are processed within 15 minutes. What they don’t tell you is that there is a pending period.

When you submit a withdrawal request, it essentially goes into a queue with all the other withdrawal requests. Because most bookmakers process withdrawals manually, they allow themselves a certain amount of time to get the job done. In the meantime, your withdrawal remains pending.

Yes, some bookmakers can process your withdrawals within minutes, but most of them have a pending period that can be anywhere from 24 hours to 72 hours or more. The longer the pending period, the longer you must wait for your money. This is why you should choose a bookie with a short pending period. Some of our fast-payout bookmakers include:

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Top 5 Major New Bookmakers

As you can see, finding a reliable Filipino-friendly bookmaker requires a fair amount of time and effort. It’s easy to get overwhelmed by all the things you need to consider, but the good news is that the MightyTips team has done the work for you. They were assigned the task of examining new bookmakers and they have arrived at a conclusion.

They have come up with their top 5 best new online bookies for Filipino punters. All of the bookies on this list are licensed, offer competitive odds on the widest range of sports, and welcome Filipinos with open arms and a nice bonus. You can sign up at any of these sites, knowing that you will be treated well.

  • 22Bet: Get up to ₱18,000 in Bonus Cash for your First Deposit
  • PNXBET: Claim a Welcome Bonus Valued at up to PHP 5,000
  • GGbet: Claim Free Bets, Risk-Free Bets, and Loads of Bonus Cash
  • Megapari: Get up to PHP 5,400 in Bonus Cash
  • Melbet: Claim up to PHP 5,400 in Bonus Money

 

The Giant of Bookmaking!

Get up to ₱18,000 in Bonus Cash for your First Deposit

22Bet has made quite the impact on the sports betting world since it launched in 2018. 22Bet is licensed in Curacao and gives Filipino punters plenty of opportunities to earn free bets, bonus cash, and other perks. The site does a fantastic job of covering niche markets, including surfing, water polo, shooting, and even skateboarding.

website on screen

2 ratings, average 5 out of 5

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Review Author

Jeffrey Gynn

Jeffrey Gynn

Hello my fellow sports betting fanatics! My name is Jeffrey Gynn and I am excited to be a contributing member here at Mightytips.ph.

jgynn@yahoo.ca