Romanian bookmakers

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arbitter101
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arbitter101

Romanian bookmakers
« on: March 26, 2021, 04:41:02 PM »
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During these tumultuous times, we are witnessing the rise of the Romanian bookmakers as never before. The quantity of online and offline bookmakers is increasing rapidly gaining sky-high traction and more and more people are forced to using online bookmakers due to the rising restrictions.

 Bookmakers are using now more than ever PR moves such as contracting local stars, vloggers, sport analysts, and sport stars in order to increment their visibility. By mere observation we can assess that there are bookmakers piled up one upon another on the main boulevards of cities as well as scattered around the
rural areas.

Romanian bookmakers.png

Virtually all of the online Romanian Bookmakers offer sign-up bonuses that are very interesting for Matched Betting, I will not write about them specifically here because they are subject to change, but the trend is that the majority offer 100% of approximately 70 Euros as a welcome bonus, which can be easily be monetised.



Smart Betting

Theoretically smart betting is not allowed but in practice of course it is. There are some bookmakers which specifically state the interdictions against arbing in their T&C. It is also rumoured that there is a shared data-base between bookmakers which they check for suspicious arbing accounts.

As an immediate repercussion of bookmakers spotting an arbing situation, they will limit the account to low sums, the second step of course is that they will probably ban the account for further use.

Taxation and Legal Matters

All online operators must use KYC systems in order to verify the identity of their customers. During this process the bookmakers will ask you for ID, address proof (phone bill, electricity bill, etc.) or for a detailed bank statement (where the address coincides with the one on your ID), there can also be situations where users will have to upload a photo of their debit/credit card.

As for taxation, for offline bets there will be a 5% tax for the actual bet and if the user wins a bet they will have to pay:
1% of the value for sums under 13.678 Euro (approximately);
16% of the value for sums between 13.678 - 91.188 + 136 Euros;
25% of the value for sums over 91.188 + 12.538 Euros;

These taxes will be automatically deducted at the bookmaker.

As for online betting, there is a tax called “vice tax” which is 2% of the actual deposit. There are some bookmakers which bare this tax themselves but usually the client will have to pay for this.
The same taxation scheme as for the offline bets is applied, only that it is based on the withdrawal rather than for winning bets.

Conclusion

All in all, the Romanian betting scene is clearly on the rise, it is in complete legality with strict rules applied from government authorities upon Bookmakers that favour and help increase its usage. Of course due to “covid” more and more people have migrated to online betting rather than offline, which in turn provokes the watchful eye of authorities even more, forcing Bookies to maintain a legal yet profitable market that can sustain the massive impact of customers pouring in on a daily basis.


* Romanian bookmakers.png (137.27 kB, 1198x1234 - viewed 298 times.)
« Last Edit: March 26, 2021, 04:45:26 PM by arbitter101 » Logged
CharlieSheen99
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CharlieSheen99

Re: Romanian bookmakers
« Reply #1 on: March 26, 2021, 05:38:48 PM »
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What do you mean with 5% tax for the actual bet?
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robotzel78
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robotzel78

Re: Romanian bookmakers
« Reply #2 on: March 26, 2021, 07:03:53 PM »
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GoBet is not anymore. Was some Superbet's francise, and they closed more than two years ago.
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campeones
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Re: Romanian bookmakers
« Reply #3 on: April 03, 2021, 09:43:03 AM »
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The Romanian market is one that worths taking a shot. The regulation replaced the pervious Eldorado but didn't kill it. It helps a lot that Romania is flourishing as an economy.
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neopas
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neopas

Re: Romanian bookmakers
« Reply #4 on: Yesterday at 02:20:34 PM »
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The Romanian market is one that worths taking a shot. The regulation replaced the pervious Eldorado but didn't kill it. It helps a lot that Romania is flourishing as an economy.

Would you like to speak about Betano here?
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