The Philippines’ esports market is home to over 43 million active gamers, underscoring Filipinos’ passion for esports. This passion for esports extends beyond watching; it has also attracted esports bettors, who enjoy watching and betting on their favorite games and players. If you are also one of those who enjoys esports betting, this guide is just for you to help you understand the complete esports betting landscape of esports betting and how you can engage in it in the right way.
Is Esports Betting Legal in the Philippines?
Yes, esports betting in the Philippines is legal for individuals aged 18 or older. However, the local operators might not be able to offer you an online esports market. Using licensed offshore betting platforms that offer esports betting options for Filipinos is a great way to do so, as it is legal.
The legal and regulatory framework for esports betting in the Philippines is overseen by the Philippine Amusement and Gaming Corporation (PAGCOR), which administers esports wagering licensing, taxation, and compliance. It licenses MegaSportsWorld (MSW), which provides betting odds and markets for all major sports, and select online betting parlours. However, it does not currently offer esports betting; it does not prohibit offshore betting platforms, and the government ensures proper industry oversight.
Why is Esports Betting Booming in the Philippines?
With the rapid rise of esports, the esports betting industry is also growing rapidly, and this is especially true in the case of the Philippines. Let’s understand why esports betting is taking off in the Philippines. Read below!
- The country’s macroeconomic factors, such as financial stability, economic health, and favourable policies, are among the key drivers of this rise.
- The growing acceptance of esports as a legitimate sport has created a favorable environment for esports betting to thrive.
- The accessibility of esports betting on reputable online platforms is a primary reason for the strong gaming and betting culture.
- Mobile compatibility for esports betting has become a good way for esports bettors to make money.
How to Legally Engage in Esports Betting in the Philippines?
Esports and esports betting have become a significant part of Filipino culture and are now structured and regulated activities. However, the legal framework for esports betting in the Philippines is still evolving; therefore, it is essential to engage in it legally and responsibly. Here are some things you must consider that will help you know how you can do esports betting legally.
Ensure Age Limit
Yes, the Philippine government does not refrain its people from esports betting. Their approach has always been to focus on industry oversight rather than restrict people from engaging in it. But is essential that you engage in it only if you are above the age of 18 so that you don’t have to face any consequences.
Choose a Reputable Offshore Operator
The Philippine government permits offshore betting operators to operate in the country through a Philippine Offshore Gaming Operator licence. Thus, it is important that bettors use licensed operators to bet legally and responsibly.
Select a Reliable Payment Option
While playing, make sure that you use a reputable wallet, test withdrawals early, and choose sites that are publicly licensed. There are various payment options available, such as GCash, crypto, and international cards, which can offer faster withdrawals, fewer banking restrictions, and better compatibility. For smoother, more seamless play, choose a transparent and reliable option.
Ensure Responsible Gaming
Playing responsibly is non-negotiable to ensure that you are not trapped in the circle of excessive, illegal, and irresponsible gambling. Thus, to ensure the government plays a major role, to ensure self-exclusion programs are included, there is complete information on associated risks, and operators must monitor player behavior and set deposit limits.
You can also check the esports betting full guide on egamingHQ or other reliable betting hubs to ensure your winning every time you bet.
Tips for Filipino Esports Bettors
The people of the Philippines have a strong gaming and betting culture, with highly skilled players and bettors. However, if you are new to esports betting, here are some key tips for you to help you bet and gain effectively.
- Don’t try to bet on anything and everything; stick to tournaments you know.
- Analyse your wins and losses, and never try to cover up your losses with heavy betting the next time.
- Engage in live betting and try to watch streams so that you can analyze well what the conditions of the match are to bet or withdraw.
- Avoid bonus traps; various platforms provide fascinating bonuses, but if you don’t look into them seriously, they may cause serious harm.
- Compare bookmakers for optimal esports odds, as different bookmakers provide varying odds for the same esports match.
Conclusion
Esports betting in the Philippines is moving at full speed, drawing more people to esports and esports betting. But with so many entries of bettors and operators, it is essential that you choose a licensed operator and sensible betting habits so that you enjoy the game with minimum risks and maximum profits.
