Best Betting Sites in Latvia for 2024

The best betting sites in Latvia ranked. Find our top picks, bonuses, plus info on local gambling laws. Everything you need is provided as straightforward and helpful information.

List of Betting Sites in LV

• 🥇 Revolution ✪ Best Betting Site in Latvia
• 🥈 Fresh ✪ Great for Football Bets
• 🥉 Betsafe ✪ Top Deposit Bonus
• ⭐ LV BET ✪ Great Betting Markets
• ⭐ Fenikss ✪ Best Site for Live Bets

By exploring Latvia’s betting scene, we’ve identified top online sportsbooks and presented them in an easy-to-follow list. Each offers unique benefits that can match your preferences. Below, we have categorized the bookmakers, highlighting their best features.

In the following sections, we will take you through several topics covering diverse elements of sports betting. We use the framework of our key performance indicator system. Keep reading to discover information to assist you with your decision on where to begin.

Those looking for the best sports betting sites in Latvia will find our review helpful for refining your search. We take a very structured and systematic approach to ranking sportsbooks using the performance indicators listed above. With our team of industry experts, we give you the flexibility to find your perfect operator.

The Regulation of Sports Betting in Latvia

The Lotteries and Gambling Supervisory Inspection of 1998 was the country’s first Act to establish rules and regulations guiding gambling. Further, the Control Department is the government body that monitors and regulates its gambling activities. However, the licensing process falls under the mandate of the Legal Department.

In January 2014, there were a series of amendments to the Latvia betting laws. The Lotteries and Gambling Supervisory Inspection of Latvia proposed the introduction of a blacklist. Online betting sites legal operation in Latvia require a license or else face a ban by all internet service providers in the country. More serious is that financial institutions are also blocking transactions within blacklisted sportsbooks.

To obtain a valid license from the Legal Department, a sports betting site in Latvia will have to pay a one-time fee of €427,000. Additionally, a site will need to run in a proportion of 51% or more of Latvian citizens. Unlike other international markets, the licensed bookies will have to undergo an annual review of their licenses. Further, the operators will require to pay a 15% tax on their gross gaming revenue.

Latvia’s Gambling Act pushes to include some responsible betting measures. For instance, punters must set a bet limit for a single game or a maximum amount for all bets within a 24-hour timeframe. Further, players can also opt-out of a betting operator freely. Here below, we show you a list of the country’s legal sports betting sites:

• SIA LATSSON LICENSING – (Betsafe) – License No E-1, TI-07
• GALAKTIKA N.V – (Fresh) – License No 8048/JAZ2016-050
• SIA LVBet – (LVBet) – License No A-69; TI-14
• SIA ALFOR – (Fenikss) – License No TI-06
• SIA KLONDAIKA – (Klondaika) – License No TI-08
• Rabidi N.V. – (Rabona) – License No 8048/JAZ
• Olybet Latvia SIA – (Olybet) – License No TI-16
• DMG Solutions B.V. – (Prontobet) – License No 365/JAZ
• SIA Paf Latvija – (Paf) – License No TI-09
• TonyBet OÜ – (TonyBet) – License No E-07; TI-18

How to Open an Account at a Latvian Bookmaker

Signing in at an online betting site is easy and speedy. Our table below lists three necessary steps to open an account with any legal sportsbook. Here is what you need to do:

These steps can help you speed up the process and start your online betting journey faster. Remember, the sign-up/register button is usually located at the top of the screen. Once you click it, follow the instructions carefully and make sure everything is accurate to avoid future hiccups.

How We Choose the Best Betting Sites

Our ranking system for identifying the top betting sites is rigorous, utilizing a comprehensive framework that considers all vital criteria. This objective approach ensures the finest details distinguishing similar platforms. Below, you can find each one in detail:

Sports and Leagues on Offer

One of our priorities is to evaluate the competitive markets at the top betting sites. They must have a wide coverage, multiple bet types, and competitive odds to rank well. Take a look at the most bet-on sports:

Different Betting Types

As football is the most popular sport, each online sportsbook that offers more applicable betting variety is ranked better. The following wager types for football are what each leading platform should offer:

Payout, Odds and Lines at the Best Bookies

When deciding which platform to use, odds are a unique aspect to consider. Experienced gamblers will be able to identify high payout platforms and take advantage of them. However, if you are new to the setup, it can be confusing to chase the best odds constantly. The list below shows some of the top betting sites based on their payout rates:

• Revolution – 93.76% Payout Rate
• Fresh – 94.12% Payout Rate
• Betsafe – 98.06% Payout Rate
• LV BET – 93.50% Payout Rate
• Fenikss – 94.24% Payout Rate
• Klondaika – 95.14% Payout Rate
• Olybet – 94.54% Payout Rate

Bookmaker Offers: Free Bets, Bonuses and Betting Sites Promotions

One of the industry’s most practical methods of attracting players is the welcome offers. Sportsbook promotions can usually be categorized as deposit matches, enhanced odds, or free bets, all of which are extremely beneficial. Below are the best bonuses for Latvians:

• Best Bonus in Latvia – Revolution
• Free Bets Offer – Fresh
• Enhanced Odds – Betsafe
• Best Sign-Up Offer – LV BET
• Ongoing Promotions – Fenikss

When analysing welcome betting bonuses, we first check the terms and conditions. These are important aspects about the betting sites in Latvia you should always consider. Wagering requirements, minimum odds, and excluded payment methods are all things you should watch out for. Stay away from the bookmaker if those look unrealistic.

Safety and Security

The volatile online gaming market requires a cautious approach when choosing a platform. It is expected to have security concerns when signing up to a new sportsbook. Our experts recommend the safest online betting sites which are fully licensed. Secure betting sites should always work with some of the following organizations:

Betting Apps and Mobile Platform

Betting apps should offer a user-friendly interface, swift navigation, and a rich list of betting markets and sports. They should ensure secure, diverse payment options, offer live streaming and provide timely updates for in-play betting. Below, we have given you details on the best sports betting apps available in Latvia:

• Revolution Mobile App – Quick Load Times
• Fresh Mobile App – Fantastic Native App
• Betsafe Mobile App – Seamless Navigation
• LV BET Mobile App – Rapid Bet Placement
• Fenikss Mobile App – Quick Load Times
• Klondaika Mobile App – Massive Market Variety
• Olybet Mobile App – Great Interface

In-Play Betting & Live Streaming

To judge a bookmaker’s in-play offering, we assess the diversity of live betting options across sports, the speed and accuracy of odds updates, and the availability of streaming services. That should all be very similar to what they offer on desktop. Additionally, seamless platform functionality and reliable customer support during live events are crucial for an optimal in-play betting experience.

Payment Methods Available at Latvian Betting Sites

When making deposits at an online sportsbook, it is crucial to know that you are using a quality site that is both safe and efficient. There must be a wide variety of banking and eWallet options, fair deposit limits, and reasonable withdrawal times. Here are the most popular payments offered by lawful Latvian betting sites:

Extra Features Bookmakers Offer

Several extra features can greatly improve the overall quality of an online sportsbook. We are always on the lookout for new, innovative implementations that elevate the experience. Aspects such as cash out, live betting, and bet builder aggregate contribution to the sportsbook rankings. Below are some examples of the best extra features currently available at the best betting sites.

Betting Site Customer Service Standards

Customer service is crucial to the reputation of a sports site, and many need to deliver acceptable standards of user interaction to rank better. Some are for more urgent requests, while others take time for a reply. The table below shows the five most popular customer service methods offered by the best betting sites in Latvia.

Conclusion

The gambling industry is growing every year. There are numerous trustworthy online betting sites that offer a variety of betting types, sports, and markets. Ranking bookmakers is a thorough procedure requiring extensive research and considering essential factors. Here are the results, illustrating the best sportsbooks in Latvia:

• Revolution – Best Betting Site
• Fresh – Top Football Markets
• Betsafe – Great for In-Play
• LV BET – Easy to Navigate
• Fenikss – Great Customer Rewards
• Klondaika – A Wide Variety of Markets
• Olybet – Lots of Football Odds

Our review has covered almost every dimension of the sportsbook framework you’re likely to encounter. You should have the know-how to choose a betting site that suits your preferences and criteria.

Frequently Asked Questions

What are the best betting sites in Latvia?

There are numerous top betting sites in Latvia, and we list all of them in this page. All of our recommendations offer impressive bonuses for both new and existing customers. It's also worth noting that even if the government has imposed bans on foreign bookmakers, some top ones are still accessible to Latvian punters.

What betting offers can I find at Latvian sportsbooks?

Are you pumped up for the top betting offers in Latvia? Then, you're in for a lucrative treat from the betting operators that we include in this review. The bonuses come in various shapes and sizes for both existing and new players. They include but are not limited to cashbacks, free bets, deposit matches, and reload offers.

Is betting legal in Latvia?

Yes, betting is totally legal in Latvia with the sports betting regulation done by the government since 1998. Currently, the Gambling and Lotteries Law is in effect, implying full regulation of the betting sector. The country has a few licensed bookmakers, but local punters still prefer some major international bookmakers due to diverse betting markets and better odds.

Is PayPal betting possible in Latvia?

Sadly, Latvian bettors can’t practice betting using PayPal because the payment method isn’t allowed in the jurisdiction. Basically, you'll need to link your PayPal account to the country you reside in. And, since it's not allowed in the country, you cannot forge an identity from a different region. Nonetheless, there are other various payment methods available for the Latvian online betting market.