Brazil Gambling Laws

It is a bit surprising that the gambling legislation of Brazil in the unregulated phase, even being the only democratic country on the continent of South America. In the recent times, the gambling legislation of Brazil went through a lot of controversies. But, without looking into those issues, through this article we will let you know about the laws, taxes, and other aspects related to gambling in Brazil.

Gambling Law

Most of the gambling forms and casino games in Brazil are considered as illegal. It was the year 1946 when gambling was termed as an illegal activity, and the law was passed by Dutra, who was the President at that time. However, he kept horse racing and lotteries out from the list of banned gambling activities. This is the reason why lotteries and horse racing has garnered so much popularity in Brazil. Again in 1960, a number of casinos had to face the heat of being termed as illegal. Bingo lovers took a sigh of relief when the game of bingo was termed as legal in the year 2004. When it comes to online gambling, there is no scope for the investors to come up with their own gambling site as the government does not offer license. So, there is not even a single Brazilian gambling site available for the citizens of the country. In addition, the government of Brazil is all set to ban sports betting in the country.

Games Allowed In Brazil

Like we mentioned above, horse racing, bingo, and lotteries are the only games that are allowed in the country. In Brazil, you can easily find different formats of Bingo games that can be played both online and at land based casinos. When it comes to lotteries, there are mainly two options to go for. One is based on football results and the other is related to numerical draws.

Fees Or Charges

Since there is no online casino site available in Brazil, therefore whatever fees are charged is related to the gambling sites from other countries.

Tax Information

For being considered as an illegal activity, no tax is charged on the amount won through gambling. So, in case you win $1 million through Bingo jackpot, you will not be charged any taxes for the winning amount. It is certainly surprising that the Brazilian government would easily be able to make billions by imposing a small amount of tax on the entire winning amount. However, still there are no such things available in the country. Nevertheless, you can certainly expect some twist and turns in the future to come.

Best Gambling Sites

Once again, there are no gambling sites available in Brazil. However, there are a lot of foreign sites that accept players from Brazil for gambling activities. Below are some of the available options:

  • Golden Rivera
  • CasinoAll Slots
  • CasinoBovada
  • CasinoBet365
  • CasinoBet
  • VictorPinnacle
  • Sports

Canada Gambling Laws

In Canada, there are 10 provinces and 3 territories that allow gambling activities. The popularity of gambling in Canada increased in the year 1990s to 200s. In the year 2001, there were around 31 thousand slot machines, 59 casinos, 1880 bingo rooms, and around 32 thousand retailers of lottery in Canada. According to the gambling reports of the year 2002, an average Canadian is known to spend $483 only on gambling.Furthermore, the legal age for gambling in Canada is 18; meaning a person has to cross 18 years of his/her age to enjoy gambling. Even though there are so many laws related with gambling in Canada, still people do not consider them and opt for illegal ways in gambling.

Casino Games Played In Canada

The punters of Canada enjoy each and every casino game, and the most common ones are mentioned below, check it out.Classic slotsBlackjackCrapsKongX men3D rouletteBladeJackpotsSlotsVideo poker

There are other casino games as well that interests the Canadian gamblers, furthermore you shall find two categories when you are searching for casino games; one is free games and the other one is games for money. You have the option to select one from the two alternatives based on your own requirements.

Gambling Taxes In Canada

It is really good for the gamblers to know that there is no taxation on gambling activities in Canada. The exemption of taxes on gambling is a long term principle of British Law which states that a player betting on gambling activities must not be taxed. On the other hand, the winnings of the bookmaker can be taxed. All the taxation principles are stated in 40(2)(f) of Canadian law of the Income Tax Act. However, the discussion is going on whether to impose taxes on gambling or not.

Gambling Penalties In Canada

If any player goes against the laws of gambling as stated in the Act, he or she shall have to bear penalties. Sometimes, the penalty or fine is imposed by the casino itself; however if the case is serious it is imposed by the government of that particular state. The punishment depends on the act committed, it might be a fine and it might also be imprisonment for several months.

Gambling Websites Of Canada

Though there are hundreds of websites in Canada offering casino or gambling games, there are few most popular among them. You can know about them by continuing reading as follows.High noon casinoWindows casinoGo wild casinoAll slots casinoRoxy palace casinoRed flush casinoRoyal vegas casino

You can find top most players trying themselves and having fun at the above mentioned casinos. Moreover, the software used over here are also the popular ones including Microgaming and Playtech. In addition, the payment modes include Moneybookers, Instadebit, and other debit and credit cards as well.

Fixed-Odds Betting Games

Wagering or betting is all about understanding the odds and payout involved in any casino game. Before a person places his or her money on a bet, he or she usually analyze the odds of winning, measure up the options and then go for it. But, it can certainly get difficult for you to remember the odds associated with the casino games and sports betting games when there are plenty of options to choose from. Thankfully, with the presence of fixed odd betting games it has become easier for the betting fans to keep an account of the odds associated with a number of games. So, what are fixed odd betting?

Fixed Odds Betting

Well, in simple words it means that games which always offer the same odds are known as fixed odd betting games. There are a lot of games in the world of casino that always come with the fixed value of odds. For example, the single betting option in the game of roulette always offers the same odd of 35:1. Similarly, the seven betting system in the game of crap offer the fixed odd of 4:1. Nevertheless, there are some games in the casino world whose variations may not offer fixed odds. For example, some variations of the blackjack game offer variable odds. On the other hand, it is important to notice that the payout is still the same in that case. The only thing that changes is the possibility of winning the game. In straight words, only the odds change, not the payout. Now, let us take a look at the different types of fixed odd betting.

What Are The Types?

There are mainly four types of fixed odd betting systems. They are –

Fractional odds: These types of fixed odd betting games are usually preferred by the bookmakers, and they are more popular in the Ireland and the United Kingdom. You might have already guessed that in this case the odds are in fraction. The most perfect example of this type of betting is horse racing. For example, if a game offers you an odd of 4/1 (referred as four-to-one) then it means that you have a chance to win $100 on a $25 stake. So, the total amount you will receive at the end is $125. Games that offer fractional odds of 1/1 are categorized under even money.

Decimal odds: Casino or sports betting games that offer odds in decimal value are termed as decimal odd betting games. This type of odds is more popular in the regions like Canada, New Zealand, Australia, and Europe. This is the reason why it is also referred as European odds. Though decimal odds and fractional odds offer the same payouts, but they differ in terms of basic definition. In decimal odds, if you place a bet of $100 on a game that offers decimal odd of 1.25, it means that you will get $125 upon winning the bet. So, these types of fixed odds betting are easy to understand.

Moneyline odds: This type of betting odds is more popular among the American bookmakers as it offers just two possibilities when it comes to the outcome. The options are either positive or negative. Sometimes, Moneyline odds are also called as American odds. In simple words, it is the straight-up result of the game without considering the system of point spread.

Even odds: These types of fixed odds are referred as +100 or -100.

Popular Games Under Fixed Odds betting

Below are some of the popular games that come with fixed odds betting system; so take a look if you want to play any:

  • Roulette – Both versions of roulette game that is the American roulette and European roulette offers fixed odds when it comes to betting.
  • Craps – There are a number of betting types available in this game, such as Pass/Come, Don’t Pass/ Don’t Come, etc. and the odds associated with them always remain the same.
  • Poker – It is certainly the most popular option in the category of table games that offer fixed odds betting. Some versions of the poker games offer variable odds.
  • Keno – this lottery game offer up to 20 different odds value for its 20 tickets. But, they are fixed.
  • Bingo – This game always come with the same odds when it comes to betting. So, it does not matter where you are playing, the odds will always remain the same.