As with most European countries, sports betting has become a more popular activity in Denmark. Danish and international bookmakers fight to attract both new and experienced bettors, and therefore offer a wide range of sports, sign-up bonuses and payment methods. This article explains the conditions for betting in Denmark, along with some handy tips and tricks.
To learn more about our value betting software at Trademate Sports, click here.
For more than 60 years, Danske Spil, a state-owned operator, had a monopoly over sports betting in Denmark. However, with the rise of the internet, international bookmakers became increasingly popular to Danish players, and such operators collected large amounts of the sports betting revenues. The government has therefore liberalised the betting market in recent years.
In 2012 the government passed the Danish Gaming Act, which aims to prevent all the money from Danish bettors from leaving the borders, but also, and more importantly, to maintain the consumption of betting at a moderate level and to ensure that betting is provided in a fair, transparent and responsible manner. As a result, online bookmakers need to have a licence granted by the Danish Gambling Authority, Spillemyndigheden, to legally operate in Denmark, regardless of where they are based. There are various obligations that come with such a licence, including that of following the Danish law of gaming, which will protect you as a sports bettor from fraud.
It is not illegal to use a non-approved sportsbook in Denmark, but there are some restrictions that apply, such as tax obligations and the risk of pay-outs being cancelled.
Another major advantage of using a licenced bookmaker is that you won’t need to pay taxes on your profits, as this responsibility is shifted to the bookmakers. This is of course great news, as it poses good opportunities for some seriously solid profits.
Furthermore, licenced bookmakers enable you to choose any banking option as there are no state-imposed restrictions on deposit/withdrawal methods. This includes alternatives such as credit and debit cards, e-wallets and bank wire transfer.
However, if you choose to use sportsbooks that don’t hold a licence, you risk having to pay taxes on your profits. Furthermore, there’s a risk of the Danish Gambling Authority prohibiting the pay-out of profits from a non-licenced bookmaker. A reason for this may be that the operator has marketed itself towards Danish players, which is only allowed for licenced operators.
There are several aspects you need to consider when choosing bookmakers for your trading adventure. First of all, the bookmakers you pick should be licensed in your country. Secondly, they should provide amazing welcome bonuses. Lastly, they should have a website available in your language.
Here is a list of bookmakers Trademate Sports recommends that also hold a valid Danish licence (updated 15th of June 2020):
Bet365: Bet365 is one of the biggest companies of its kind, with licenses in dozens of countries all around the world. One of these countries is Denmark, meaning that it is perfectly legal for you as a Danish player to place your bets at bet365.dk.
They also have great sign-up bonuses, granting every new Danish player a 100% welcome bonus on their first deposit up to 1,000 DKK.
Even better, you can use the Oddshero Matched Betting software (click here) to turn over your bonus for free!
LeoVegas: This operator is based in Sweden and is among the favourite sportsbooks in Scandinavia. One of the reasons is their very competitive odds. In addition, LeoVegas offers decent bonus deals, including a solid sign-up bonus of 100% when depositing 1,000 DKK.
Mr Green: This is an attractive bookmaker for Danish bettors for several reasons. Firstly, its platform is easy to use, and it is available in Danish. On top of that, Mr Green covers all the markets Scandinavian players prefer to bet on.
Lastly, Mr Green has a good welcome bonus for its Danish players where they offer a 100% bonus on the first deposit up to 1,000 DKK.
NordicBet: As its name suggests, this operator is focused on the Nordic sports betting market, and warmly welcomes Danish players. NordicBet also offers a 100% welcome bonus up to 1,000 DKK.
Unibet: Last but not least we recommend Unibet, a global brand, which offers a Danish platform. They also give new customers a competitive sign-up bonus where they match your deposit up to 1,000 DKK.
· Danske spil
Betting at online sportsbooks that don’t have a license issued in Denmark is something the government is looking to prevent. To keep the players away from such bookmakers, the Danish government has imposed measures that block access to those websites. However, despite their efforts, many Danish bettors do manage to bet at Asian bookmakers without any legal hassle.
One way is by creating an account at a betting brokerage such as BetInAsia or Sportmarket, which will give you access to a lot of bookmakers at once, including some Asian sportsbooks. By signing up to one of those brokerages you will open the door to several sharp Asian bookmakers, which all have more competitive odds than the soft bookmakers. If you’re looking to trade on the Asian market, our product Trademate Pro will give you access to value bets with the best sharp bookmakers. To learn more about why you should use sharp bookmakers, click here.
Not only is sports betting legal in Denmark but the bettors are not required to pay any gambling tax. This makes Denmark a perfect place for those looking to make some extra cash through value betting.
If you’re wondering how betting works in other countries you can check out our other articles here.
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