Since European countries started to ease regulation on sportsbooks, online sports betting has become increasingly popular. In this review, we will be giving you a detailed review of sportsbooks in Lithuania. Online gaming became popular in Lithuania in 2001. If you can meet the requirements of a specific bookmaker, you can open an account and start placing bets there.
Table of contents
Online Sportsbooks pros
Variety of payment methods.
Great customer service.
Well-optimized betting apps for mobile devices.
Online Sportsbooks cons
Some of the casino sites are not safe.
The mobile apps don't have all the features available in desktop apps.
Most sportsbooks charge transaction fees.
First deposit:
Many bookmakers target the Lithuanian betting market, and they've been providing players with the opportunity to win huge prizes. As you read further, you will learn everything you need to know about sportsbooks in Lithuania. Let's go!
Betting history in Lithuania
Compared to countries where online casino betting isn't legal, things have been easy for gamblers in Lithuania. Online gambling has been legalized in Lithuania; therefore, the license provided covers all gambling activities happening within Lithuania.
The Gaming control authority constantly searches the betting market to find out if there is a new sportsbook. The gaming control also checks for licensing and blocks any sportsbook that isn't properly registered.
Online Betting
When it comes to betting in Lithuania, you have to ensure that you're placing your bet on a licensed casino site. The easiest way to find out is to check if the casino mode of operation follows the rules set by Gaming Control Authority. The law is easy to understand, and you should only play in gambling sites with a clean criminal record and good online reputation. Otherwise, you will be at risk of playing with your money.
Even though the gambling industry is yet to develop in Lithuania fully, many online bookmakers have been fully licensed by the Gaming Control Authority. When you sign up on any one of them, you won't have to worry about the law. On the other hand, your ISP should instantly block you whenever you try to access an illegal casino site, and bypassing such restrictions can land you in legal trouble.
Winning tax
A lot of countries place a tax on winnings gotten from betting services. While planning your betting budget, you have to consider the tax. If you're placing a bet in any Lithuania sportsbook, you will be charged a 5% rate on lottery tickets, and 18% tax is set on the number of receipts from bingo bets. 13% rate is also imposed on gambling with remote operators.
If you're considering taxes on table gambling and machines, there is a high chance that you will pay a fixed tax rate. For the gambling machine, you will be charged £260 every month. You also have to pay a tax of £130 on table gaming options. The casino games with the highest tax are roulette, dice table, and card games. You have to pay £2300 monthly if you play any of those games.
How to set up a betting account
Unlike in the past, setting up a betting account has been simplified. When you are on the website of your preferred bookmaker, search for the join button. After clicking on it, you will be taken to a page to input your details. Always submit your accurate information. There is a high chance you will be asked to verify your account details later. All the games offered by your bookmaker will be displayed after login. You can choose any one of the games and start gambling.
Best Lithuania Betting sites
The best betting sites should offer players a lot of exciting features. Some of them provide a good selection of sports, free bets, and the like. Before signing up on a Lithuania betting site, you have to do enough research on the betting sites available. Then compare them and choose the perfect one for you.
The first bookmaker that offers Lithuanian citizens the opportunity to place wagers is Bet365 which is why the casino is popular there. Bet365 offers almost all the betting services available, and they also provide great odds. All you have to do is place a wager on your preferred fixture.
Sports and Leagues
The majority of the best betting sites in Lithuania offer many sports players can wager on. Basketball is the most popular sport in the country, and the Lithuanian basketball team is one of the most successful worldwide. Details about the sports competitions people gamble on in the country are below.
Basketball
Many players in Lithuania prefer betting on basketball to any other sport. The most famous basketball competitions in the country are FIBA and FIBA Europe Cup. Since most Lithuanian sportsbooks include their game's fixtures, players can wager on them.
Football
Just like basketball, many gamblers love to bet on football. The most famous football competitions are the European leagues and the UEFA champion league. That diversity makes it possible for players to bet on different fixtures.
Boxing
If you like betting on games that promise high rewards, you should consider boxing. It is popular in Lithuania, and it is also popular in other European countries. Virtual sportsbook is also available for boxing competitions in the country.
Darts
Darts is not only played for entertainment. Many people gamble on it to win real money. Since there are different leagues and competitions on Darts, you will have various options. The Unibet European championship promises the highest reward out of all Dart competitions.
How to select the best sportsbook in Lithuania
Payouts and odds at bookies
While selecting a bookmaker, you have to consider the odds they offer. When you're betting at a gambling site that offers great odds, you will always get great payouts. While playing In-Line betting, the bookie can handicap a team to make a fixture more competitive. You will get a 4% payout rate if you bet at Matchbook. On the other hand, the payout rate of BetSafe is as high as 93.14%. It is essential to know that the payout rate changes with each sport.
While some sports can have a low payout rate, others have a high one. It is better to compare the available sports and choose the one with the best payout rate. The odds of bookmakers also change with time.
Bonuses and Promotions
To evaluate virtual sportsbooks, you have to put bonus offers into consideration. Great betting sites will keep you excited and entertained by providing bonus deals and promotions. The welcome bonus is one of the best tactics sportsbooks use to attract new players. Every website comes with different bonus deals. Some of the most popular offers in Lithuania are free bets, deposit matches, odds offers, and many more. Before you choose a sportsbook, you have to consider your priorities.
Even though bonus deals are always attractive, it is essential to check the bonus requirements that come with them. If you proceed to place a bet without studying bonus requirements, you might end up regretting your action later. In most cases, you might need to have gambled a particular amount of money before you will be allowed to withdraw your funds.
Some betting sites can go as far as asking you to gamble with thousands of euros. To avoid falling into that kind of situation, you have to take time to study the terms and conditions of your bonus offer. The best sportsbooks don't only offer bonus deals to newcomers, they always have a special package for existing punters too. That is how everyone can be content and continue betting with that particular site in the long run.
Mobile Betting
A lot of players now prefer Lithuania sportsbooks that are available on android and apple devices. They spend more time on their phones than on their computers. Before you download a betting app on your smartphone, you must check its specific features. These features include impeccable optimizations and available payment methods.
By using a mobile app that is well optimized, you won't find it difficult to place bets. It is also preferable to go for mobile apps with all the desktop version features. The user interface of a mobile app is also essential. If you use a betting app with a simple interface, you will easily find your way around games.
Even if you're a beginner, you won't find it challenging to place your first bet. The best Lithuanian betting applications are Matchbook mobile app and the BetSafe mobile app. Since some mobile apps offer live betting and live streaming, you won't miss any of the desktop app's features.
Customer service
One thing that is common to all great betting sites is good customer service. A good sportsbook will have professionals ready to assist players 24/7. When you are confused about anything related to the website, these professionals should be prepared to give you a perfect reply within a few minutes.
The best contact methods for customer service include telephone, email, live chat, and social networks. You will find most of them available in sportsbooks in Lithuania. The most effective is the live chat, and it enables you to seek assistance any time of the day. When your sportsbook has excellent customer service, you're at an advantage over others.
Types of Bets
Since there are different types of bets, players are allowed to choose from various options. As a result, you will have a great gambling experience. All you have to do is work on your betting skills. The best betting platform in Lithuania offers many bet types to ensure their customers enjoy gambling with them.
The most popular bet types in Lithuania include:
Moneyline - A moneyline wager simply predicts that one team or player will defeat another. It is the simplest and most-sraightforward wager in sports betting.
Pleasers - A pleaser bet is a wager that allows the player to move the line in favor of the sportsbook in exchange for better-than-normal odds. It's similar to a teaser, except the sportsbook gets the better line and you get the chance to win more money as the player.
Pari-Mutuel - Pari-mutuel betting, also known as pool betting, is a distinct type of wager. Instead of betting against a bookmaker, you're betting against other bettors who are betting on the same event.
Teasers - A teaser is a type of gambling bet that allows the bettor to place bets on two different games at the same time. The bettor can adjust the point spreads for the two games, but the return on bets is lower in the event of a win.
Other types of bet are: Proposition Bets, Cashouts, Futures, and Parlays. Before choosing any of them, you have to know their different features. That is what will help you make the right choice. The sportsbook you choose can determine the bet type that is available for you to play. Different sportsbooks offer different bet types. To improve your betting skills, you should try playing various bets and not just stick to a particular bet type.
Security
To identify safe betting sites, you have to search for the ones that use encryption systems to protect relevant details about their clients. When you create a new account on a betting site, you will be asked to provide your name, ID number, and other relevant details about you. To keep all your information safe, you have to use sportsbooks that prioritize protecting clients' data. Encryption systems work by converting data into special codes.
Since all your personal information will be converted into special codes, you're protected. GoDaddy and Sectigo offer data protection systems in Lithuania. Majority of the best Lithuania betting sites partner with gambling associations. The best gambling associations include Gamblers Anonymous and GamCare. If you think you're getting addicted to gambling, you can contact any of those companies.
All gambling sites that partner with those companies will reach out to you when you also contact them. Always ensure to sign up with a secure and reliable betting site. On most websites, you will find the license numbers at the bottom of the landing page. It is the fastest way to identify a reliable bookmaker.
Live Betting Options
Live betting is all about wagering on live games. It is legal and available all over Lithuania. You can place live bets on sports such as basketball and tennis. A lot of bookmakers have also made live streaming available in their casinos. Lithuania's best live betting applications are Matchbook, Betsafe and Genting bet. The majority of these applications come with the live streaming feature.
Many online bookmakers have made it possible for players to cash out before the fixtures they bet on are over. The only condition is that you might receive funds lower than your initial bet amount, which depends on when you're cashing out. To enjoy betting in Lithuania, you have to gamble responsibly and never stake an amount you can't afford to lose.
Payment methods
Before choosing a sportsbook, you have to check for the payment method it offers. The best betting sites allow players to choose from a long list of payment methods. These payment methods include debit cards and e-wallets. The best betting sites in Lithuania will enable players to deposit and withdraw with Visa card, master card, bank transfer, Skrill, Neteller, Paysafecard, and PayPal.
It is essential to know that you won't find all payment methods in Lithuania betting sites. However, most of the betting sites provide more than four payment methods. Even if you're not charged while depositing or withdrawing with these payment methods, your sportsbook might collect minimal taxes.
Additional Features
Sportsbooks are not limited to betting types, event variety, and sports. A good betting site should come with extra features. One of such features is virtual sports betting. In the last few years, virtual sports have grown popular among players, and that is because it is advantageous and amusing.
Bookmakers who offer fast cashout and fast bets will also be prioritized among players. It is essential to know that no sportsbook provides all of these features. You have to search for the one that offers the feature you prioritize.
eSports betting
eSports betting has started to become popular in Lithuanian sportsbooks. A lot of players now put it into consideration while searching for sportsbooks. Apart from the massive payouts that come with eSports betting, it also offers a lot of bonuses, similar to bonuses for casinos. As a gamer, you're going to enjoy eSports betting with GentingBet, Matchbook, and BetSafe. They are the best sportsbook for eSports betting in Lithuania. To cash out big on eSports betting, you should play Counterstrike.
Other games that promise great cashout include League of Legends and Rainbow Six. If you've never tried to bet on eSports, you should try to place your first bet. It won't only help you improve your betting experience; you will also have a lot of fun. Since there are various games on the platform, you can easily choose the one you like. Once you give eSports betting a try, you will fall in love with the game.
Gambling License
The Gambling law of the Republic of Lithuania regulates all gambling sites in the country. All sportsbooks that comply with their requirements can apply for a gambling license. A betting site that has not been licensed will be considered illegitimate and unreliable. It is also essential for gambling sites to state relevant information about their headquarters. The UKGC, Malta Gaming Authority, and Gibraltar Gaming Commission are some of the most popular gambling licenses from other countries.
Gambling has grown so popular in Lithuania recently. Thousands of people bet in online sportsbooks and casinos daily. Most people now prefer online betting over land-based casino betting. Apart from online betting being more practical, it comes with more bonus features and events. You have to gamble on the top-rated betting sites to maximize your experience.
While finding out if a particular sportsbook is legal, you have to search for a legal license number on their landing page. You also have to find out if a specific sportsbook is reliable before registering on its website.
Conclusion
There are a lot of reliable betting sites in Lithuania. By betting on these bookies, you will have a chance to compete for big cash prizes and other bonuses. eSports betting is also available on the majority of Lithuanian sportsbooks so that you can maximize your betting experience.
Virtual sportsbook is another betting feature that will guarantee you a lot of fun. It comes with numerous bonuses, events, and bet types. The best sportsbooks in Lithuania are Matchbook, Genting Bet, and Betsafe. If you want huge payouts, you should bet with Matchbook. Betsafe is the best platform for betting on basketball events, while Genting bet offers the best welcome offers.
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FAQ
Is betting with PayPal acceptable in Lithuania?
You can bet with PayPal in Lithuania. It is even one of the most reliable platforms for depositing and withdrawing money from your betting account. Since it is popular and used worldwide, there are no doubts about its authenticity. Even though a small fee is charged while processing payments, it's worth it in the long run. As it offers maximum security, it also offers fast payments.
What is the best app for betting in Lithuania?
While searching for a great app to place bets in Lithuania, you have to prioritize safety and mode of operation. You will find many betting sites with different sports, promotions, and events. So you have to choose one that comes with the features you prefer. To avoid technical errors, you also have to select an optimized sportsbook.
Are there live betting options in Lithuania?
In the majority of Lithuanian sportsbooks, live betting options are available for gamblers. There is also a new live betting feature known as in-play betting. A lot of players and punters like the in-play feature. You will always have fun while betting on live games. There are also some bookies where you can cash out before the end of fixtures. Even though you might not cash out all your deposit amount, the feature still offers you a great advantage. Studying this review will make it easy to get started gambling in Lithuania.
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