World Cup boosts sports betting in Brazil, but 'zebras' scare newcomers

The World Cup came to an end with Argentina's victory over France. The traditional habits of the World cup brought to Brazil include meeting with friends, decorations in team's colors and placing sports bets. New players were scared by the 'zebras' of this period.

World Cup boosts sports betting in Brazil. Bookmakers acquire new customers during the tournament. The underdogs of that World Cup drew the attention of experienced bettors and newcomers who follow football. The margin for the bookmakers is good because there were a lot of unpredictable results. After the Cup, the number of betters drops. However, even so, there are more customers in the betting houses. It is common for bet takers to leave after the World Cups. Betway’s Arthur Silva says this is normal. He explains that the more people like football, and the better the odds, it is a good thing for bookies.

The law that allows sports betting in Brazil was sanctioned by the then president Michel Temer in 2018. The deadline for the federal government to regulate this industry ended on December 12 of this year. However, the companies that provide this service in the country are based abroad and they can continue to operate.