Sport betting in Switzerland

● Sport betting
● Online Sports Betting
● Is Online Sports Betting Legal?

Sports betting in Switzerland

Sport betting

Sports betting is a form of gambling where winning is a matter of correct prediction of the course or outcome of a sports event (Art. 3(c) Gambling Act). Net revenues from sports betting must be used in their entirety for public benefit purposes (Federal Constitution Art. 106(6)).

Local sports betting: local betting events are licensed and supervised by cantonal authorities. Local betting may be offered only at the location of the sports event. Federal law puts limits on stakes and prize moneys. The most widespread variety of local sports betting in Switzerland is on horse racing.

Big changes are coming to online betting in Switzerland. The country prohibited internet gambling for years, but that has all changed due to the new Money Gaming Act passed by parliament in 2017.

The new law differentiates between automated sports betting and local sports betting. It specifically calls out online betting as part of its scope. Similar to poker, punters get a mixed bag. You can now bet on the local match at the stadium or field.

But your access to online bookmakers will be extremely limited. We’re hoping that Swiss casinos will create smart partnerships with some of the better names in the business. That way, you retain access to a variety of lines and odds, the bookmakers keep the market competitive, and the casinos can bring their sports betting options to the market in time. Everybody wins!

Online Sports Betting in Switzerland

Online Sports Betting

Betting in Switzerland bears many similarities to other central European countries, like Germany and Austria, as players are not liable to prosecution for betting online on international bookies. The main difference however from the other two DACH countries is that Switzerland is not part of the EU, 토토사이트 meaning that gambling operators are unable to challenge any federal court rulings on grounds of free-trade inhibitions.

In-person and online sports betting are legal in Switzerland if offered by authorized providers. Swisslos and Loterie Romande have a monopoly over sports betting at the national level and are the only two entities that may offer any form of online wagering.

The Swiss are known for being one of the wealthiest nations in the world, a fact which can be attributed to the country’s efficient banking system. As the citizens practically enjoy high living standards and earn enough money to support all of their needs, it’s no wonder many of them choose to place bets on various sports events every now and then.

Sports betting is one of the favorite forms of recreation of most Europeans. However, in Switzerland, online wagering on the outcome of sports events is yet to become popular. The country’s authorities have always been strict in regard to such gambling activities and for the most part of the 20th century, sports betting in Switzerland has been altogether prohibited.

Is Online Sports Betting Legal in Switzerland?

Is Online Sports Betting?

Online sports betting in Switzerland is a gray area. The only licensed wagering is provided by Swisslos which has recently started to offer online lottery-style betting.  Internet gambling is illegal but the authorities do not prosecute players that place bets with internet bookies. It is widely believed that internet gambling will be legalized within the next few years.

Until then, if you fancy a bet in Switzerland, you’ll need to visit offshore casinos and sportsbooks. Fortunately, there are ample betting websites with bonuses for you to choose from.