Betting and Gambling FAQ
The world of gambling and sports betting can seem complex for beginners. This guide provides essential information to help you grasp the basic principles of these activities and offers relevant instructions for engaging in healthy gaming.
Firstly, it’s important to note that each betting house has its own specific rules outlined in their Terms and Conditions. Additionally, all platforms must adhere to the laws and regulations of the country in which they operate.
The Brazilian Institute of Responsible Gaming (IBJR) is dedicated to promoting responsible, healthy, and safe gambling in Brazil. The organization also supports the sustainable and responsible development of the Brazilian betting market.
IBJR was founded by nine betting groups: Bet365, Flutter, Entain, Betsson Group, Betway Group, Yolo Group, Netbet Group, KTO Group, and Rei do Pitaco. Since then, other betting houses have joined the institute, all working towards the common goal of regulating online betting and casinos in Brazil.
Founded in March 2023, IBJR aims to provide information on healthy gambling practices. The institute works directly with regulatory bodies to ensure a more sustainable, secure, and integrated experience for everyone.
Its mission is based on ethics and transparency, striving to raise awareness in society and contribute to its development by promoting more responsible and beneficial practices for all involved.
Gambling
What is gambling?
Gambling is an activity where the outcome is determined by chance, with participants betting money or other valuables in hopes of winning. In these games, results cannot be directly influenced by the players’ skills or knowledge, making the outcome unpredictable and largely chance-driven. Gambling games are commonly found in casinos and betting houses, and they come in a wide variety of categories, each with its own unique gameplay.
What are the most common types of gambling games?
Online casino portals offer a wide range of games, with some of the most common including roulette, blackjack, baccarat, poker, dice games, and the popular slot machines.
Is it possible to consistently win at gambling games?
As mentioned earlier, these games largely depend on the player’s luck. While it’s possible to get lucky in the short term, there is no secret or “magic trick” to winning at gambling games. Therefore, gambling should be viewed as a hobby or pastime.
Is it legal to gamble?
In Brazil, the regulation of gambling is still in progress. However, it is permitted on online casinos or betting portals as long as the site’s domain and provider are based outside of Brazil.
What is considered gambling in Brazil?
In Brazil, gambling is defined as any game where the final result is determined by a device or factor of randomness.
How can I protect myself from gambling addiction?
To protect yourself from gambling addiction, follow the recommendations in our official best practices manual for players.
What are the signs of a gambling problem?
Gambling can become problematic when it shifts from being a hobby to a priority, leading to addiction. Look out for signs such as:
- Betting more money than planned, exceeding your financial limits, and compromising your budget and savings;
- Constantly trying to recover losses, leading to a compulsion for new attempts and a vicious cycle of financial loss;
- Feeling the need to lie or hide gambling from friends and family, concealing statements or evidence of gambling;
- Feeling irrational and restless when not engaged in gambling, showing signs of emotional dependence;
- Neglecting personal responsibilities and interests, such as work, studies, and relationships;
- Taking out loans or borrowing money to sustain your gambling habit, resulting in debt
How can I help someone addicted to gambling?
If you or someone you know shows signs of a gambling problem, it’s important to seek professional help, such as psychotherapy, support groups, or, in severe cases, rehabilitation clinics.
Several organizations, like the Player Support Institute, are dedicated to providing support and assistance to players with addiction and their families.
What is the difference between sports betting and gambling?
Gambling involves activities where the outcome depends mainly on luck, without requiring any specific skill. For example, games like slot machines, roulette, and bingo are determined by random events, and the prize amount often can’t be predetermined.
On the other hand, sports betting, also known as “sports forecast lottery,” involves predicting the results or moves in sporting events. Success in sports betting requires certain skills, such as knowledge about the specific sports event. It is also known as fixed-odds betting because participants know in advance the amount they will receive if their prediction is correct.
Sports Betting
What does it mean to place a bet?
Betting involves making a prediction or agreement where a person wagers money or another valuable item on an uncertain event, expecting a return if their prediction is correct. In sports betting, this means predicting the outcome of a specific sports event, such as a football game or a basketball match.
How do you place a bet?
To place a bet, first create an account on a betting site and choose your preferred sports event. In the match tab, you’ll find the odds table, indicating how much you can win if your prediction is correct.
Besides betting on the winning team, you can also predict match events and key players, like the top scorer. To place your bet, simply click on the chosen odds and enter the amount you wish to wager.
How do you overcome a gambling addiction?
Like gambling itself, gambling addiction should be taken seriously and treated with professional counseling. It’s important to seek help and support to receive assistance tailored to your needs.
Here are a few steps you should take in this situation:
- Recognize the problem.
- Block access to gambling.
- Seek professional help and support groups if necessary.
- Establish goals to create a healthy routine.
- Take care of your mental and physical health.
- Seek support from friends and family.
If you have more questions, visit our player support page.
Is it possible to make money with sports betting?
Yes, making money with sports betting is possible. However, it’s important to recognize that betting depends on external factors and carries inherent unpredictability. Winning is never guaranteed, and risks are always present, so it’s essential to treat betting as a hobby or form of entertainment.
Bet rationally, with both emotional and financial responsibility, and always keep the risks in mind.
What is the best sports betting site?
IBJR comprises member companies that specialize in online casinos and sports betting. All our partners adhere to strict policies to ensure greater transparency, security, and reliability in their services.
Is betting legal in Brazil?
Yes, online betting and gaming are allowed in Brazil.
On December 12, 2018, President Michel Temer sanctioned Bill No. 13,756, which pertains to the regulation and legalization of sports betting in Brazil. However, it is important to note that the full implementation of this law is still pending.
Learn more about Betting and Gambling Laws.