1xbet Portugal 2020 – will it be a reality soon?
1xbet Portugal 2020 – will it be a reality soon?
1xbet is one of the most famous bookmakers in the world, much appreciated for the possibility of doing 1xbet trading . It had a great presence in Portugal before the reform of the online gambling law and even today many gamblers are waiting for a possible re-entry into the national market. The theme of 1xbet Portugal 2020 has been widely debated, but for now, the news does not seem to be the most encouraging.
Having 1xbet Portugal 2020 was a scenario sought by most bettors, but it will hardly happen during this year. Based in the United Kingdom, where it is the market’s leading bookmaker, there are several reasons that prevent 1xbet in Portugal. The main thing is not to have a license from the Gambling Regulation and Inspection Service (SRIJ), an entity that issues the licensing of bookmakers in Portugal.https://bonusregg.ru/
The reasons behind 1xbet Portugal 2020 do not stop here and we will address throughout this article, as well as the bet fairs can offer if you return to Portugal.
In this article about 1xbet Portugal 2020 you will find the following:
1. 1xbet Portugal 2020 priority2. Obstacles for 1xbet in Portugal3. Cross bets and 1xbet Portugal services4. History of 1xbet in Portugal and partners5. Questions and answers about 1xbet Portugal 20206. When will 1xbet Portugal return?
1xbet
BONUS 100% up to € 100
Open Account
Bettilt
BONUS up to € 1500
Open Account
22bet
100% BONUS up to € 122
Open Account
Scandinavia was a priority for 1xbet Portugal 2020
At a convention in Lisbon about online gambling, those responsible for 1xbet 2020 ruled out the possibility of returning to Portugal, at least for now.
A year ago, the company had as a priority the Scandinavian market , more specifically in Norway . Well, entering the Norwegian market is already a reality and it may be time to turn attention to other markets, who knows how to prepare the entry of 1xbet in Portugal.
The problem is that, in our country, 1xbet Portugal 2020 would always have the problem of taxation on sports betting , which in reality constitutes the main obstacle to its return. This is a topic that we will talk about shortly.
LSBet
100% BONUS up to € 500
Open Account
Bet.pt
BONUS up to 50 €
Open Account
Solverde
100% BONUS up to € 1000
Open Account
1xbet Portugal 2020 obstacles
As we have already mentioned, the major obstacle remains the taxation system on sports betting. The truth is that taxes are based on the volume of bets made, regardless of the profit from the bookmaker’s total. Thus, and based on the taxation model practiced in other countries, there is a lack of interest in making 1xbet Portugal 2020 a reality.
The entry of a preliminary proposal in the Portuguese budget for 2019, which aimed to change the taxation model, still gave hope to bettors, but it was eventually withdrawn. It was intended that taxes would fall on gross gaming revenue , with a fixed rate of 25 percent , which would certainly make the tax framework more attractive for companies operating in Portugal as well as for others that were operating. think about doing it.
The return of 1xbet Portugal 2020 can be difficult to predict, but the truth is that even with a less attractive taxation model, there are still bookmakers interested in entering the market.
It is not only 1xbet Portugal that finds taxation the main obstacle to entry into the Portuguese market. The Bet365 , another giant of online betting is also faced with the same problem.
In the last year, three new operators entered Portugal: 888 Casino , Betano and Moosh . The first is just a casino and poker site, while the two were authorized by SRIJ to explore sports betting and games of chance. Competition between bookmakers can indirectly benefit bettors, for example, by creating more attractive bonuses that are able to attract new users.
Betclic
BONUS up to 50 €
Open Account
Pinnacle
Best odds
Open Account
Reloadbet
100% BONUS up to € 500
Open Account
Cross-betting (exchange): 1xbet Portugal 2020’s great asset
As the main asset, 1xbet Portugal 2020 presents cross bets (1xbet exchange). This is a modality in which the bettor can bet in favor of result, as well as bet against it. In other words, it is a kind of stock exchange, in which users buy and sell guesses among themselves.
Let’s take a practical example: Benfica travels to Vitória Sport Clube (Guimarães) in the next round of the 1st football league. Reds are favorites to triumph and, therefore, the bettor decides to place a bet on the eagles. In so-called normal bets, the player had to wait for the game to end.
However, cross-betting is not necessary. If Benfica scores a goal, the odds associated with the reds will drop immediately and that’s where the cross bets come in, since they can then close the bet and collect their profit.
If 1xbet Portugal 2020 is a reality, cross bets will be a success in the Portuguese market. In fact, this is a type of modality that has been claimed by the sector for a long time and can be overcome with the entry of 1xbet in Portugal.
What has more to offer 1xbet Portugal 2020?
As we already mentioned, cross bets are the great asset at 1xbet Portugal 2020, but this online betting giant has more types of bets to offer and also several services. Not to mention, of course, that the odds practiced by Bet fair are among the best on the international market.
In addition to sports betting, you can also count on a good casino page when we have 1xbet in Portugal again. You can play at the best slot machines , at roulette , blackjack , poker (1xbet poker), and count on the best tournaments.
Attractive promotions, various payment methods, a good customer support service and a mobile app are other services that we can expect from 1xbet Portugal 2020.
Poker Stars
€ 10 BONUS = € 20
Open Account
Our Bet
100% BONUS up to € 300
Open Account
Casino Portugal
BONUS 100% up to € 100
Open Account
History of 1xbet Portugal 2020
1xbet is undoubtedly a betting giant and has its headquarters in London and 1xbet UK is the market leader. Founded in 2000, its main asset is that bettors can bet on other players’ chances (cross bets). 1xbet betting allows you to bet on various sports, such as football , basketball , handball , horse racing , among other sports.
1xbet Portugal 2020 had a visit to our country, where it was one of the favorite sites of Portuguese gamblers. However, because of the legal regime of online gambling, it was forced to leave the Portuguese market.
Since then, he never came back and unfortunately we still can’t guarantee 1xbet Portugal when he returns…
1xbet Blip: The Portuguese partner of 1xbet Portugal 2020
Despite not yet operating in our country, 1xbet Portugal 2020 already has a partner. This is Blip , company based in Porto and founded by Portuguese engineers, which was acquired by Paddy Power 1xbet in 2012.
This Portuguese company, which has already been the target of an investment of 72 million euros by 1xbet, employs more than 250 people.
Blip develops 1xbet software for Paddy Power 1xbet.
Bet Winner
BONUS 100% up to € 100
Open Account
ESC Online
BONUS up to € 30
Open Account
888 Casino
8 € free without deposit
Open Account
1xbet Portugal 2020 FAQ
1xbet Portugal 2020 operates in our country?Since 2005, because of the new legal regime for online gambling, we no longer have 1xbet in Portugal. Unfortunately, it is not possible to register 1xbet, or 1xbet to open an account, in our country and we cannot say when 1xbet returns to Portugal.
1xbet when you return to Portugal?Unfortunately, as we mentioned earlier, we have no answer to that question. Like most Portuguese bettors, we would like 1xbet Portugal 2020 to be a reality. That is, that 1xbet Portugal return was this year. But 1xbet in Portugal when? We don `t know yet.
Why can’t we be sure when 1xbet starts operating in Portugal again?Because I need a license from SRIJ and 1xbet Portugal 2020 considers the current taxation to be very high. There is still no cross-betting market in our country.
Are 1xbet odds the highest on the market?We cannot guarantee that they are the highest, but 1xbet online offers very competitive odds.
Is it possible to do 1xbet trading?Yes, trading and exchange are 1xbet’s main assets.
Does 1xbet offer streaming services?You can watch live matches on the 1xbet website, through 1xbet TV.
Is 1xbet legal in many countries?1xbet UK, 1xbet Ireland, 1xbet India, 1xbet Italy, 1xbet Germany, 1xbet Switzerland, 1xbet Netherlands, 1xbet Hong Kong, 1xbet Luxembourg, 1xbet Belgium, 1xbet Malta are some of the legal countries 1xbet. 1xbet Brasil is also very popular. Legal 1xbet in Portugal is something that doesn’t happen yet.
Is the 1xbet app available?In countries where 1xbet Portugal 2020 is currently legal, the bookmaker offers a 1xbet apk. 1xbet apps are available for Android and IOS devices. You can download the 1xbet application from Google Play, App Store or even from the bookmaker’s website.
Does the bookmaker offer 1xbet casino?Yes, when 1xbet Portugal 2020 is a reality, we believe it will have a casino page with the best slot machines, table games and 1xbet poker.
LSBet
100% BONUS up to € 500
Open Account
Luckia
200% BONUS up to 1200 €
Open Account
Solverde
100% BONUS up to € 1000
Open Account
1xbet Portugal 2020 | When will 1xbet Portugal return?
Before the creation of the legal regime for online gambling, 1xbet Portugal 2020 was one of the favorite bookmakers of the Portuguese. However, with the new legislation, he left our country in 2015 and never returned.
Every year, Portuguese bettors hope that 1xbet Portugal will return , but there are many obstacles, such as high taxation and the fact that there is still no cross betting system in our country.
While we are all looking forward to the day when this online gaming giant returns to our country, stay tuned to 1xbet News on our website, where we hope to report the return of 1xbet Portugal 2020.
[ Note : Last updated in December 2019 to include information from the State Budget proposal that suggests changes to taxes on exchanges]
1xbet is one of the most recognized sports betting houses worldwide, highly sought after for the possibility of doing sports trading .
It had a strong presence in Portugal before the regulation reform to online gambling and even today many Portuguese gamblers are anxiously awaiting a possible return.
For this, it would be necessary for 1xbet to obtain a license from the Game Regulation and Inspection Service ( SRIJ ), for the exploitation of online sports betting under a shared liquidity regime .
But is there such an interest? How does the State Budget for 2020 influence this?
BEST LEGAL BETTING HOUSES
BONUS: 100 € IN 3 DEPOSITS OPEN BONUS: 50% UP TO 50 € ON THE 1st DEPOSIT OPEN BONUS: 100% UP TO 300 € ON THE 1st DEPOSIT OPEN
1XBET’S INTEREST IN PORTUGAL
In 2018 the Aposta Legal team had already reported that 1xbet’s interest, although existing, depended in large part on a change in the government’s tax model on bookmakers.
This year we spoke again with 1xbet representatives at the iGB Lisbon conference, which took place in October 2019.
Despite the inflows of international brands like Betano and the great interest shown by others like Betway , 1xbet stated at the time that it did not feel encouraged to press for a license in Portugal.
According to an executive representative in sports partnerships at 1xbet, the brand already has a strong presence in several countries in Europe.
In both Spain, France, Germany and the United Kingdom, 1xbet guarantees to have significant advantages in relation to the Portuguese market, such as:
- higher volume of bettors;
- lower tax burden .
📌 However, in December 2019, the 2020 State Budget proposal surprised us by changing the tax rate exercised on… exchanges.
STATE BUDGET 2020: CHANGE TO TAXES
The changes suggested in the 2020 State Budget proposal include several taxes on legal bookmakers .
Several houses had expressed their displeasure with the tax situation of this sector, claiming that it hinders the competition that legal bookmakers offer to operators who do not pay taxes.
The main obstacle remains taxation on sports betting.
The fee is applied to the total volume bet and does not take into account the effective profit of the houses.
As a result, legal houses are unable to offer services (odds and bonuses) of the same quality as houses without a license.
Bettors end up opting for houses without a license… The State loses the financial contribution of the tax that is not charged to houses without a license, and so on…
WHAT CHANGES IN 2020?
The 2020 State Budget proposal then appears to be a step in the right direction.
- Mainly because there were changes in the tax exercised on exchanges : betting exchanges with shared liquidity.
Although the rate increases from 15% to 35%, this implies that the government is paying attention to the situation of cross-betting (trading) in Portugal.
Proof of this is that it is expected that Placard will soon start offering horse betting. These will work with a ‘shared liquidity’ regime – that is, bettors betting against each other.
Source: State Budget 2020
In the case of poker this is also what happens. The necessary liquidity to make this viable was achieved due to an agreement signed between SRIJ and gambling regulators in France, Italy and Spain.
This is important, as without sufficient liquidity, bets on sports trading may not be filled.
There is no use betting 10 € against Sporting during the game if there is no one on the other side to accept the bet.
More gamblers involved means a more fluid trading experience for everyone involved.
GOOD NEWS?
We cannot claim anything in concrete. Here’s what we know:
- Placard is licensed to be the exclusive holder of an equestrian betting exchange. The information is contained in the OE proposal.
- 1xbet has always been interested in returning to Portugal. The obstacles had hitherto been the lack of concrete legislation and a high tax burden.
- The state will change the amount of taxes exercised on betting exchanges. A clue to a possible reformulation of the legislation that currently prevents 1xbet’s operation in Portugal?
- Agreements are already in place between SRIJ and other European gambling regulatory bodies that make it possible to gather attractive gambling liquidity – something indispensable for the smooth functioning of sports trading.
Looking at these points as a whole, it seems that the pieces that make the return of the most famous sports exchange possible are coming together.
The only discouraging factor is that the change made to the rate charged to the exchanges raised the tax amount from 15% to 35%.
It remains to wait for more information on the subject to draw more substantial conclusions.