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Popular Sports for Betting in Denmark
Bets placed on sporting events make up the second highest revenue generator for gambling establishments in Denmark. It was predicted to be worth 2.5 billion kroner in 2019, making it more valuable than even casino games. Football, handball, ice hockey, cycling, and basketball are the five sports that have the highest followers among Danes who bet on sports.
It should come as no surprise that the most popular sport in Denmark is football, just as it should be no surprise that football is the most popular sport in the majority of European countries. Even more impressively, the Danish national team won the Euro Cup in 1992 and has already qualified for the tournament in 2020. A country with a population of only 5 million people managed to advance all the way to the round of 16 in the 2018 World Cup. The Danish Superliga is the most important football league, but other leagues such as the Champions League, Premier League, La Liga, and Italy’s Serie A are also widely watched.
Handball Although handball is a sport that is relatively unknown in other countries, it is extremely popular in Denmark. The number of licensed handball players in the country is staggering at 146,000, and the popularity of the sport is only marginally lower than that of football. The Danish national handball teams for both men and women have had remarkable success on the international stage, and Denmark as a whole has won more than 104 medals in the sport. In Denmark, residents can tune in to TV2 to watch the Danish Men’s Handball League.
Hockey on Ice
The sport of ice hockey is widely played in all of the Nordic nations, including Denmark. Despite the fact that many of the best Danish players are also drafted into the NHL, many people in Denmark watch games from the Metal Ligaen, which is the elite league for ice hockey in Denmark.
In a manner comparable to that of the Netherlands and Belgium, cycling is not only a well-liked form of recreation but also a favored mode of public transportation in Denmark. The majority of towns and cities have fantastic, devoted bike lanes, the likes of which would inspire envy in many other European countries. Thorvald Ellegaard, Michael Rasmussen, and Bjarne Lykkegard Riis are three of the most accomplished cyclists that this country has produced throughout its history.
Basketball Although basketball is another activity that is undervalued in many nations in Europe, its popularity is rapidly growing in Denmark, making it one of the most popular sports in the country. The majority of Danish neighborhoods are equipped with basketball courts, and both the Danish Basketligaen and the NBA attract thousands of spectators each week.
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Betting Bonuses in Denmark
When it comes to betting bonuses, Denmark is among the top countries in the world. A usual welcome offer in Denmark is either 500 or 1000 kr, and it comes in the form of a free bet, which means free money to place a wager, or a risk-free bet. In other words, the money is given to the player without any danger to them (meaning you bet with your own money, but any loss will be refunded).
The one-time wagering requirement for the welcome bonus is set at odds of 1.50 or 1.80 times the bonus amount. The best part is that there are no wagering requirements attached to profits from free bets in Denmark; this means that any money gained can either be withdrawn or used to build up your bankroll.
Ways of Payment That Are Often Accepted on Danish Betting Websites
The betting sites in Denmark accept a variety of payment methods, which are comparable to those offered by betting sites in the United Kingdom and other European countries.
They include prepaid cards such as Paysafecard, debit cards such as Visa, Mastercard, or DK (Dankort), instant bank transfer services such as Trustly, e-wallets such as Skrill, Neteller, PayPal, or Apple Pay, and debit cards such as Visa, Mastercard, or DK (Dankort). In most cases, neither making deposits nor withdrawing money will cost you anything more.
In accordance with the laws that govern the gambling industry in Denmark, online betting services in the country do not accept cryptocurrencies such as Bitcoin or Ethereum.
Dankort (DK) (DK)
The Danish payment system known as Dankort is used nowhere else in the world. It is a form of debit card that operates in a manner comparable to that of a Visa or Mastercard. Because utilizing it is always free for customers, it is popular with merchants and customers alike. On the other hand, retailers simply need to pay a small fixed yearly cost in order to make use of the service. If you have a bank account in Denmark, the Dankort (DK) emblem will almost certainly be printed on your debit card, as it is displayed on the majority of betting websites.
The Danish Legal System Regarding Gambling
Gambling is only one of the numerous industries in which Denmark is widely recognized as one of the most forward-thinking nations. With Danske Spil, the Danish government maintained a monopoly on the gaming industry up until the year 2012. The liberalization of the industry provided local and foreign betting organizations with the opportunity to submit an application for a license, allowing them to legally offer betting, poker, and casino games within the borders of Denmark.
Licensed Denmark Betting Sites
Every online gambling service that plans to operate in Denmark and provide its customers with odds or casino games is required to obtain a license from the Spillemyndigheden. The vast majority of brands had already established a presence in Denmark, but now that the monopoly has been broken, the Danish government is able to impose its own rules and regulations on gaming. Having a website ending in.dk is one of the requirements for obtaining a license. You may discover a version of several international betting sites under the.dk domain, such as bet365, 888sport, and Mr. Green, for example.
The Danish equivalent of the United Kingdom’s Gambling Commission is called the Spillemyndigheden. The institution is responsible for regulating any and all forms of gaming that take place in Denmark. They are in charge of issuing licenses, determining which websites can be used for gambling, and monitoring all forms of legal gambling, including lotteries, casinos, slot machines, gambling arcades, poker tournaments, bingo nights, and more. They ensure that the market is fair and that those with gambling problems and minors receive protection from harm.
Minimum Age for Betting in Denmark
In Denmark, the legal age to participate in any form of betting or gambling, including bingo, gaming arcades, land-based casinos, lotteries, and online casinos, is 18. This applies to all forms of gambling.
Betting Tax Regulations: There is No Betting Tax in Denmark
Bettors in Denmark are not required to pay taxes on any of the earnings they make from their winnings. There is only one requirement for this, and that is that they have to play in locations that are authorized by Spillemyndigheden. Winnings accrued through wagering on unauthorized websites, on the other hand, are regarded by the state as personal income and could be subject to a tax rate of up to 62 percent! Even though the likelihood of actually being caught doing this is low, we would nonetheless advise you to stick to the sites that have been licensed by the Spillemyndigheden, which you can discover on this website.
Gambling is subject to taxation in Denmark; however, this tax is levied solely on the after-tax income of betting establishments, which is set at 28% of gross revenue.
Alterations to the Terms of the Bonus in 2020
In the year 2020, Denmark will implement new, more stringent gaming rules. The majority were related to the sign-up bonuses offered by online casinos and betting companies. They prohibited gambling marketing and lowered the maximum amount that the bonus could potentially be worth. Nonetheless, this turned out to be a positive development for gamblers in Denmark because the conditions for wagering were lowered as a result of the reform. It is significantly simpler to collect any potential gains if you use a normal Danish free bet because the bet only needs to be wagered once.
Are online betting sites legal in Denmark?
Yes, online betting sites are legal in Denmark, but only sites that have been granted a license by the Danish Gambling Authority are allowed to offer online gambling services in the country.
Can I bet on sports on Danish betting sites?
Yes, sports betting is very popular in Denmark, and most licensed betting sites in the country offer a wide range of sports to bet on.
Are there any restrictions on the types of sports I can bet on in Denmark?
No, there are no specific restrictions on the types of sports you can bet on in Denmark. However, some betting sites may offer more sports and markets than others.
Are there any taxes on winnings from betting in Denmark?
Yes, there is a 20% tax on all gambling winnings in Denmark, including winnings from betting.