- 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
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.
Found 5 bookmakers
- Convenient usability
- Variety of bonuses
- Lots of deposit methods
- Apps for different platforms
- Unclear legal status
- Extremely competitive odds
- Comprehensive Esports offering
- Jackpot games (including basketball)
- Innovative ‘Advancebet’ feature
- GCash is not a payment option
- Low minimum deposits
- Decent odds
- Variety of payment methods
- Good betting markets
- No live streams
- Min bet is 0.5 peso
- Active Esports markets
- Smooth mobile experience
- Bet insurance promotion
- No dedicated apps
- Low amount of payments
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.
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.
- 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.
- 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.
- 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.
- 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.
|💶 Currency||Philippine Peso|
|🌍 International Code||PHP|
|🗺️ Used in||Philippines|
|🏢 Governing Organisation||Bangko 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.
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:
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
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.
Filipinos are blessed to have such a great selection of payment options at their disposal. While major credit cards are perhaps the most widely accepted payment method, eWallets are a close second. Filipinos are also fond of electronic bank transfers and wire transfers. Vouchers, prepaid cards, and even cryptocurrency are safe and convenient alternatives.
Deposit and withdrawal limits vary depending on the sportsbook and your payment method. Having a higher VIP status can certainly speed things up. Here are some examples of deposit limits at three of our recommended bookmakers for Filipinos.
Time: Up to 24 Hours
Instantly and securely transfer funds from your bank account to your online bookmaker account.
Skrill has been the go-to payment option at online sportsbooks for over 20 years.
Filipino punters who use Bitcoin enjoy highly secure transactions and some of the fastest withdrawal times.
PayPal is one of the oldest and most trusted eWallets for instant deposits and quick withdrawals at Filipino-friendly online bookmakers.
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