Best Sports Betting Sites in South America

South America has a massive market for sports betting, which previously had very scarce regulations. Fast forward a bit, and now nearly every state has its own rules, regulators, and licenses. That’s why our team wanted to give you a detailed guide and explain those rules for each to help you pick the perfect bookie in your country.

Top 3 Bookmakers in South America
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South America is home to over 400 million people divided across 12 nations. In the biggest countries, such as Brazil or Argentina, online sports betting is a legal activity regulated by reputable authorities. Meanwhile, countries like Ecuador and Chile don’t have specific local regulatory frameworks, but punters there are free to register and bet with licensed international sportsbooks.

Football is by far the most followed sport in South America, which makes it hugely popular among bettors. Basketball and volleyball markets are also widespread within the region. To enjoy a top-quality betting experience, punters must know how to identify leading bookies on this continent. Luckily, we’ve done thorough research to uncover useful information on the best South American bookmakers and the top bonuses they offer.

Full List of South America Betting Sites

Before recommending betting sites in South America, we evaluate the sportsbook’s odds, market depth, bonus offers, and support. Our team also reviews the mobile compatibility and range of betting features available. Only the bookies that check out in these categories make our full list of recommended platforms in South America.

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The most common promotions available to South American bettors are first deposit match bonuses that fall within the range of 100 – 200%. Many bookmakers also grant free bets, reload, and cashback deals to regular members.

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Choose Your Bet of the Day in South America

Sportsbooks offer hundreds of betting opportunities every day, with each one priced differently. On this page, we’ll give you the best deals of the day, focusing on popular sports events and the most competitive odds for placing your wagers.

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South American Betting Regulations by State

Each country in South America has its own rules and regulations on online betting. While some states offer completely legal online wagering, others still prohibit such activities. Our team investigated the matter further, so take a peek at our findings for each state below:

  • Argentina: In Argentina, there are 24 different state jurisdictions, and each has its own rules on online gambling and betting. In 2025, over 15 of these jurisdictions allow online sportsbooks, and locals can also access offshore platforms.
  • Bolivia: In Bolivia, online betting isn’t exactly illegal, but it’s not completely legal either. It’s more of a grey zone situation, and the state bans all unauthorized gaming activities.
  • Brazil: Online wagering is legal in Brazil, but the country has some specific rules and regulations. To be exact, there are around a dozen legal bookies approved by the domestic licensing authority. However, there are over 50 other sportsbooks licensed by local jurisdictions in certain areas, so that makes the choice even more diverse.
  • Chile: Strict betting regulations in Chile forbid local punters from accessing any sites outside of the country’s regulatory system.
  • Columbia: Punters from Colombia can legally place online wagers on platforms licensed by the local Coljuegos regulatory authority. However, the country doesn’t explicitly state that offshore bookies are restricted.
  • Ecuador: There aren’t any local guidelines limiting online betting in Ecuador, but the state has rather scarce regulations. It’s a similar situation to Bolivia, but you can gamble without any legal risk.
  • Guyana: The state of Guyana has its own licensing body, so local punters can safely wager on approved betting sites. On top of that, you can easily find offshore bookies available to bettors from Guyana without any worries or possible repercussions.
  • Paraguay: Recently, the Paraguay Chamber of Deputies expanded the local market by removing the previous monopoly situation. Users from the area can now access both domestic and international bookies completely legally.
  • Peru: Peru has regulated online betting since 2024, and it opened its market to hundreds of online bookies, including all the sites we’ve recommended in this guide. Suriname: Suriname offers legal online betting, but only on sites that are approved by the local regulatory body.
  • Uruguay: In Uruguay, only the local La Banca lottery is legally able to offer online sports betting events.
  • Venezuela: The situation on online betting in Venezuela is similar to Bolivia and Chile, with no legal restrictions or regulations limiting local punters.

Best South American Betting Sites

There are plenty of worldwide recognized bookies you can bet on from South America. Some of the big leagues that we’ve reviewed at BetZillion so far include bet365, 22Bet, 1xBet, Megapari, BetWinner, and others.

You can also explore specific locally licensed sites in many countries, as well as other offshore bookies in states like Chile and Bolivia. We were especially thrilled to see just how many in-play events you can find, including popular tournaments like the Copa Libertadores and the Copa America.

Betting Odds & Markets

For those wondering about the betting markets offered by the best South American bookies, you’ll pretty much get it all. We’ve explored the betting lobbies at our recommended sites already, and these are the most common types of markets:

  1. Match-winner markets
  2. Futures (outrights)
  3. First-half/Second-half bets
  4. Handicaps (spreads)
  5. Totals
  6. Player props
  7. Win margins
  8. Draw no bet
  9. Placement bets
  10. Interval bets

Of course, the selection varies by sport, and there might be some differences depending on where you place bets. One thing is certain, though – you won’t feel short of options as long as you select a vetted operator.

We especially value all the player props and in-play betting markets, which come in hundreds, depending on the site. For instance, BetWinner has some of the most competitive odds on match-winner bets, while SpinBetter has a top-notch choice of markets for Esports. Player props on popular events further spice things up, and we loved the selection of goal-scorer wagers on the latest Copa Libertadores matchups at 20Bet.

Uncover Competitive Sports Betting Odds in South America

The sports betting market in the region is growing rapidly, and locals have a wide range of both domestic and offshore platforms to bet on. After reading this guide, the only thing left for you is to pick a safe and vetted site verified by our experts.

One tip we always suggest to our readers is to widen their range when seeking the best odds. Shop around and compare the odds to find the most convenient place for making your bets, and don’t forget to check out our detailed bookie reviews to help you with the decision.

Any questions? Notice an error? Let us know!
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Author
Betting Guru

Tim is our betting guru. Every gaming site needs one, and Tim’s our guy. He has plenty of experience in betting online and is quite successful at it. Tim’s favorite sports are hockey, baseball, and Esports. Tim believes the latter to be the future of betting.

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