Online Gambling Mexico
Posted : admin On 4/6/2022- Online Gambling Stocks
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Following the PASPA lift in 2018, New Mexico has become the 6th state in the US to lift the ban on brick and mortar sports betting. Although the NW citizens have recently marked the first year of legal sports betting, the status of New Mexico online sports betting still remains unchanged.
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For the time being, the state still doesn’t allow online sports betting or online casinos within its borders. In this article, we are going to go through some of the options NM citizens have when it comes to sports betting. We will also take a look at the current legislation regarding sports betting and see if and how it will change.
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New Mexico Sportsbooks
Since October 16, 2018, several sportsbooks have set up shop in New Mexico. In time, we can expect the number to continue to increase. Keep in mind that only people aged 21 or over will be allowed to bet legally in any of the sportsbooks.
Below, we will go through sportsbooks that are currently operating and see what you can expect.
Santa Ana Star Casino Hotel
Santa Ana Star Casino is located 10 miles north of Albuquerque. It spans on 100,000 square feet and is currently in the top 3 New Mexico casinos in terms of annual revenue. It was the first casino to officially extend its services to sports betting. The casino launched its sportsbook in partnership with a Nevadan firm called USBookmaking.
The sportsbook is open Monday - Friday, from 9 a.m. to 10 p.m. as well as Sunday to Saturday from 7 a.m. to 10 p.m local time. There are even self-serving stations for the times when the sportsbook is closed. Since New Mexico online sports betting is still not allowed, you can only bet within the casino’s premises.
In terms of New Mexico sports which you can find in the sportsbook, the operator lists NFL, NBA, MLB, College Basketball, College Football among others. On the operator’s casino and sports betting websites, there is only general information about the establishment. So, in order to find the full list of sports and betting odds, you will need to travel down to New Mexico and visit the casino yourself.
Buffalo Thunder Resort & Casino
Buffalo Thunder Resort and Casino started offering sports betting in March 2019. It’s the second casino to do so after Santa Ana Star. The resort is about 15 minutes north of Santa Fe and it is operated by the Pojoaque Pueblo tribe.
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At the time of writing, the sportsbook didn’t have established working hours. However, you can expect the sportsbook to be open during normal business hours.
The sportsbook does offer live betting, which means that punters will get to place bets during matches. It also offers parlay betting, allowing you to place multiple bets on a single ticket. Again, there isn’t a lot of information available on the New Mexico sports on offer or the betting odds.
Before the new regulation on New Mexico Online Sports betting, the operator will not be releasing any sports betting websites. If there is a mobile app, it will probably be geo-locked and the usage will be restricted to the casino’s premises.
Isleta Resort & Casino
Isleta Resort & Casino has made a more recent venture into the sportsbook business. Like Santa Ana Star, the casino has partnered with USBookmaking. This means that visitors are able to bet on a myriad of markets. These include the English Premier League, UFC, NASCAR, Pro Football, NBA, WNBA, etc.
The working hours listed on the Isleta Resort casino and sports betting websites say the following. The sportsbook is open for business from Monday to Thursday 8 am - 10 pm, as well as Friday to Sunday 7 am - 11 pm. There are also 4 wagering kiosks, for the ones who don’t like waiting for clerks.
Inn of the Mountain Gods Resort
The sportsbook at the Inn of the Mountain Gods Resort is powered by William Hill. This is the first, and so far the only, sportsbook in New Mexico which is powered by William Hill. As such, the sportsbook can rely on William Hill’s experience, technology, and infrastructure to offer a top of the line experience.
New Mexico Betting Laws
There are certain differences in the way New Mexico implemented setting up its sportsbooks compared to the other states. In effect, the state’s casino owners (most of whom are Native Americans) used a loophole to allow sports betting practically as soon as the federal PASPA ban was lifted. This happened without any approval from the state legislators. It was possible due to the complex relationship between the federal law, state law, and tribal compacts.
According to NM state law: betting within NM is considered a fourth-degree felony, punishable by 18 months in jail, and a fine which can reach $5,000. However, gambling conducted on Indian Land is governed by tribal law.
Namely, the federal Indian Gaming Regulatory Act defines three classes of gaming as legal. Class 1 and Class 2 are clearly defined. However, Class 3 is, basically, a catch-all category which includes all games not listed in the first two, i.e. sports betting.
So, the casino owners realized that there is no clause preventing them from offering sports betting in their Tribal-state compact. With PASPA repealed, the only legal obstacle to sports betting disappeared. Hence, the lawmakers could do little but accept the decision.
As we have said, Santa Ana Star Casino was the first one to offer sports betting. This opened up the floodgates to other casinos. Now, one year later, there are four establishments offering sports betting. But with dozens of casinos active in NM, it is only a matter of time when more will join in.
It remains to be seen if and when the state of New Mexico will want to step in and impose stricter regulations. One thing is for sure - the implementation of New Mexico online sports betting will require renegotiation of the Tribal-state compact.
States where you can already place an online sports bet today :
Updated on :
Colorado Illinois Indiana Iowa Michigan Nevada New Jersey Pennsylvania Tennessee Virginia West Virginia
New Mexico Online Sports Betting: Events and Betting Markets
All of the currently active sportsbooks have an excellent selection of betting markets. The sportsbooks will include most of the sports and events which are popular in the US. One obvious side effect of New Mexico online sports betting not being allowed is the following. Unlike online sportsbooks, brick and mortar ones make it difficult to compare betting odds. Especially since none of the operators has made the odds available online. So, whichever sportsbook you decide to bet in, you will be lacking choice.
Nevertheless, let’s go through some of the most popular types of bets and betting markets in the US.
Common Types of Bets
Depending on the types of sports, sportsbooks usually offer a variety of different betting options. Whether we are talking about the future New Mexico online sports betting or the current land-based betting. These are some of the most common ones:
Win Bet
Also known as moneyline wager, the most straightforward betting type. It involves betting on the winner of the match, game or any other event.
Point Spread
One of the most popular types of bets in the US, commonly placed on football, basketball and a number of other sports. The bookmaker creates a spread, where they deduct a number of points from the favorite and give points to the underdog. You win the wager if the favorite wins by more than the designated spread. In case you bet on the underdog, you win if they win, or lose by less than the designated number of points.
Totals/Over-Unders
The bookmaker sets a number of points to be scored in a game. Bettors then bet whether the actual number of points will be higher or lower.
Most Popular Sports to Bet On
US punters naturally gravitate towards sports which have a large following in the States. These include the NFL, NBA, WNBA, NHL, MLB, soccer and a variety of college leagues.
Popular New Mexico Events
These are some of the popular sporting events in New Mexico:
- New Mexico Bowl
- Sandia Speedway
- Lost Tierra Torture
- USASA Winter Carnival
Best Teams to Bet On
Finally, here is a list of some popular New Mexico sports teams:
- Albuquerque Isotopes (MiLB)
- Duke City Gladiators (IFL)
- New Mexico United (USL Championship)
- Albuquerque Sol FC (USL League Two)
- New Mexico Lobos (NCAA D-I)
- New Mexico State Aggies (NCAA D-I)
Common Payment Options
New Mexico casinos will take the most commonly-used payment options, which include cash and credit cards. If online sportsbooks start operating within the state, we would expect them to support a variety of online payment services.
New Mexico Online Sports Betting FAQ
Having in mind the complexity of the New Mexico online sports betting issue, we will refer you to our FAQ section for any additional questions you might have.
Are sports betting sites legal in the United States?
At this point, there online sports betting is legal only in a few US states, like New Jersey and Pennsylvania. Other states have only legalized land-based betting. For example, there are sportsbooks operating in New Mexico, New Mexico online sports betting remains illegal.
What do I need to register at an online betting site in New Mexico?
Unfortunately, for now, you cannot register at online sportsbooks, since New Mexico online sports betting is not yet legal.
Is it safe to deposit money at sports betting sites in New Mexico?
As soon as New Mexico online sports betting becomes legal, we have no doubt that it will be safe to deposit funds.
Can I set betting limits?
Online betting sites usually allow users to set a limit. It is safe to assume that New Mexico online sports betting sites will eventually allow betting limits.
Final Thoughts on Betting in New Mexico
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As you can hopefully see, the status of betting in New Mexico is rather complex. The lack of state legislation following the PASPA repeal means that sportsbooks currently operate in a sort of a grey area. It also means that it might potentially take a lot of time before online betting becomes available. This is due to the fact that there has to be a new Tribal-state compact which will address the issue.
At this point, there is a great chance that new brick and mortar sportsbooks will continue to open throughout the state. In any case, we will continue to follow the latest developments regarding New Mexico online sports betting and update you with any new information.
As one of the fastest developing countries in Latin America, Mexico has one of the largest untapped gambling markets in the region. There is large demand in the country for many different kinds of gambling and the local venues are certainly making a decent profit from the demand. As far as online gambling is concerned, the situation is nowhere near its expected resolution. Still, despite that, there is a surge of online gambling activity from Mexican punters, proving that there is a market to be had here. In this article, we will go over the current state of online sports betting in Mexico, covering the legalities surrounding it, the popular betting markets, odds formats and more.
Legality and Regulation of Sports Betting in Mexico
In line with a trend that seems to be standard for North America, Mexico does not have a clear-cut set of laws regarding the legalities of online gambling, including sports betting. The country has had a rocky history with gambling in general, with the practice being outlawed for a good deal of the 20th century. That changed until 2004 when the government introduced new legislation which eased up in certain aspects of sports betting and other forms of gambling.
Currently, all gambling is regulated by the Ministry of the Interior. This institution decides which forms of gambling are allowed, how they are practiced and which operators are eligible for a gambling license. While that may be true for land-based operations, which benefit greatly from the new laws, online gambling has not had such an easy time.
As of June 2018, online gambling is not regulated in Mexico by any government entity and therefore, the domestic scene is nowhere near up to standards. Moreover, Mexican citizens are prohibited from using Mexico-based online gambling services of any kind, as those are only aimed at foreign customers. The few sports betting websites that do offer their services to locals are not regulated by any institution and are, therefore, untrustworthy.
This leaves Mexican gamblers few options when it comes to meeting their betting needs. Many turn to brick-and-mortar establishments, which operate fully legally, while others choose to visit foreign-based gambling websites. Such online sportsbooks are regulated by the institutions of their home country and customers can be certain that they will be treated fairly. Moreover, Spanish is the world’s third most popular language and Mexicans have no problem finding a sportsbook that supports it.
While there has been much talk over the years of legalizing online gambling, so far, nothing has come of it. Similarly, there have also been considerations of banning the overseas websites that currently fill the demand for online gambling but that not come to pass either. As it currently stands, the situation is not improving and it may be a while longer until Mexican punters can fully enjoy online gambling in its entirety.
Mexico Sporting Events Coverage and Markets
The Mexican sports scene is large and diverse, with a dedicated following for each major sport. There are many different sporting events that take place in Mexico throughout the year but local punters do not pass up on the opportunity to show support for their favorite team or individual competitors by staking money. Below, we have outlined some of the most popular betting markets in Mexico, along with the more prominent leagues among gamblers.
Football is always on the top of any list where popularity is concerned and this is also true in the case of Mexico. Mexicans love this sport as much as any other people and their interest in it extends to the sportsbook as well. The Primera Division is the larger football league in Mexico and it draws in a large number of viewers, coupled with a large number of bets placed. Though, Mexicans are also interested in foreign leagues as well, namely, the England Premier League, the German Bundesliga, and the Spanish La Liga, among others.
While football enjoys the top spot in general, there are certain parts of Mexico where baseball is king. Indeed, Mexicans are quite fond of their domestic baseball leagues and are also known to follow the American leagues, as well. This, of course, results in a large number of bets placed on both local and foreign matches, namely on events from the Mexican Baseball League and Major League Baseball.
Though one would not think of it at first, there is a surprisingly large interest in American football from Mexican sports fans. So much so, that the NFL goes out of its way to bring games to Mexico City yearly. Most Mexican punters place their bets on NFL matches, though there are those that also follow the NCAAF games.
Boxing and MMA also pose great interest to Mexican viewers and many flock to their local sportsbook to place a bet on their favorite fighter. In fact, the popularity of these sports is currently on the rise, looking to rival the top sports in the country.
Popular Odds Formats in Mexico
One of the most important aspects of sports betting are undoubtedly the odds and you having a proper understanding of them. After all, what good is registering with a sports betting website if you have no idea what the numbers on the screen actually mean? There are three main different types of odds that one is likely to encounter at an online sportsbook and each format conveys information differently. Below, we have outlined all three of the major odds types that you will see in modern sportsbooks and provided explanations as to what each format indicates.
Decimal Odds
Decimal odds are the most common format in the Western world, being used all throughout Europe and the Western Hemisphere. When you first load up a sportsbook, chances are that this will be the default format. Decimal odds look like this:
Team A: 2.50
Team B: 1.60
There is a fair bit of information that you can take away from these two numbers. For starters, the team with the lower odds is more likely to win the match, in our case that is Team B. Moreover, the numbers also signify the net payout ratio that you will receive for a winning bet. For example, if you bet MXN1,000 then you can take MXN600 in profit and MXN1,000 as your original stake, for a net total of MXN1,600.
Fractional Odds
Fractional odds are the default format for United Kingdom and Irish sportsbooks but it is also supported by many of the top international betting websites. They are presented like this:
Team A: 7/8
Team B: 3/2
Unlike decimal odds, this format only indicates the profit that you stand to make from a given bet. A MXN1,000 wager on Team B will result in you winning MXN1,500 as profit, combined with your original stake for a net total of MXN2,500. This format allows you to clearly see the profit potential of a bet without the need to do additional multiplications in your head. Again, the team with the lower odds is favored to win the matchup.
American Odds
Of course, we cannot overlook the American way of doing things and as it usually goes, it is completely different from anything else out there. American odds do not showcase specific ratios, rather the amount of money that can be won by wagering a specific amount. They look like this:
Team A: -250
Team B: +200
It might look a bit more complicated but it is anything but that once you get an understanding of the format. The minus symbol shows which team is favored to win the matchup, while the plus indicates the underdog in this situation, in our case, Team A and Team B, respectively. What you also have to take into account is what each set of numbers means. The odds for Team A show how much you would have to bet to make a profit of $100, while the odds for Team B are how much you can make as profit for a $100 bet.
Payment Solutions for Sports Bettors from Mexico
As is the typically the case for online gambling of any sort, there is no option of physically depositing money to a bankroll. Instead, punters are required to utilize an online payment service in order to fund their betting activities. These allow for large amounts of money to be transferred at a moment’s notice with relative ease. The online gambling industry supports a large number of payment options that people from all over the globe are able to utilize. Below, we will mention some of the possible services that sports bettors from Mexico will have at their disposal once they register with a sportsbook.
Credit Cards
Credit cards are one of the most convenient methods to make payments on the Internet, which also includes sports betting. They offer users a distinct set of advantages and are the go-to service for a majority of punters. To begin with, they are easily acquired and most people already have one in their wallets. Furthermore, deposits made via credit card are processed immediately, allowing anyone to start placing bets after a few seconds. Additionally, you can also withdraw your funds to your credit card, even if it can take up to 5 business days for the transaction to clear. Most online sportsbooks accept Visa and MasterCard, though some also take payment via Maestro and American Express.
eWallets
Another excellent method of controlling our online bankroll is to use the eWallet services supported by the industry. This type of payment method works like a virtual bank account where you can store and transfer money with the click of a button. Transactions via eWallet process instantly, regardless of whether it is a deposit or withdrawal. This means that you can have your cash readily available whenever you want to place a bet or when you wish to take it back to your personal bankroll. Furthermore, with an eWallet, you can also enjoy a certain degree of anonymity as the services do not reveal your information when making a payment. As for the supported services, the most common include Skrill, Neteller, PayPal, EntroPay, WebMoney, and more.
Cryptocurrency
Cryptocurrencies are a rising phenomenon and online services are taking notice. They are unlike any other payment method since they are not connected to traditional banking systems. When you use a cryptocurrency, you are not transferring pesos or dollars, rather the unit of the given cryptocurrency. These systems come with several very beneficial advantages, namely quick transactions which clear in about a minute. They are not only convenient but since they exist entirely on their own and have are mostly decentralized, you are not required to submit any personal information.
Mexico Online Gambling Regulation
Cryptocurrencies are an excellent way to fund your sports betting activities but there is a learning curve to using them. Additionally, you have to go out of your way to purchase them from an exchange which adds another step in the process. As such, they are not recommended for beginners. Their adoption in the online gambling industry has been slow but more and more websites are accepting payment via cryptocurrencies. The ones that do, typically take Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash and more.
Prepaid Cards
Prepaid cards are not the most common method to fund an online bankroll but they are certainly not without uses. For one, a prepaid service will allow you to easily top up your balance in just a few seconds. Deposits are instantaneous with most prepaid methods and their accessibility also plays a large part in their popularity. Furthermore, using a prepaid card does not require you to reveal any of your personal information and you can easily maintain your privacy on the Internet. Unfortunately, certain prepaid services are not capable of processing withdrawals and if you do end up using one, you will have to cash in your winnings via bank transfer. Popular prepaid cards include ecoPayz and Paysafecard, two of the most renowned services in the online gambling industry.
Bonuses and Rewards for Mexico Sports Bettors
When you first register at an online sportsbook, you will surely notice the various promotions banners all over your screen. This means that you have come across one of the most popular features of the online gambling industry. With most websites offering mostly similar services, they have to find other means of competing for customers. This is where promotions come into the picture and our balances swell with bonus funds.
Every online sportsbook will offer its loyal and prospective punters the opportunity to claim some sort of promotion to reward them for their business. Promotions are a staple of the online gambling industry and a reason why it is developing so quickly. There are several different types of promotions that you can take part in, depending on your sportsbook of choice. While the specifics of each offer will be unique to a particular gambling website, all sportsbooks follow a similar business model. Below, we will outline some of the most common promotion types that await you on the Internet.
Deposit bonuses are one of the simplest and yet most effective means of giving your bankroll a boost. Gambling websites will award you a percentage of a given deposit as bonus funds, which you can use to place bets on your favorite sporting events. It is the most basic ways that you can benefit from your sports betting habits and possibly make a profit. Of course, no one gives free money with no strings attached and there are certain conditions that you have to follow. Namely, you have to fulfill a turnover requirement before you can withdraw the bonus funds. This amounts to x-number of times the value of the deposit and you have to place bets at specific odds to meet the requirement. Once you do fulfill it though, the money is yours to keep and do with as you please.
Free bets, also known as risk-free bets, are another common promotion at modern online sportsbooks. They are as simple as they sound. The sportsbook allows you to place a bet without the need to use your own balance. The free bets come with a predetermined value and can be placed on selected sporting events. Depending on the websites, the winnings can be added to your balance as either real money or bonus funds. In any case, it is one of the best promotions that you can come across and you should take advantage of it whenever you do.
Mexico Online Gambling Market
Loss rebates are the third promotional offer type that you will see in the online sports betting scene, allowing you to recoup some of your losses from a failed bet. The sportsbook may refund a lost bet up to a certain amount as bonus funds or as a free bet. From then on, you have the opportunity to turn the bonus funds into real money. Likely, the amount of the refund will not exceed $20, though anything is good when receiving a refund.
Customer Support at Mexico Sports Betting Sites
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Customer support is something that you should always look out for at modern sportsbooks. There are only so many ways that anyone can help you on the Internet and customer support is the only way that you can be certain of a good experience. While all sportsbooks offer some degree of support, some are doubtlessly better than others. To begin with, the ones that offer live chat support are much better suited to help you than those that do not. A live chat system allows you to directly communicate with a support agent and explain your problems to them in detail. It is quick and convenient, as well as, the prefer method of communication for most gamblers.
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Another factor that you should take into account is how fast a sportsbook answers emails. While it is not unreasonable for a gambling website to take up to 24 hours to respond, the best ones usually reply within the next two hours or faster. Additionally, you should also look into phone support and where it is available. While the number of gambling websites that offer this feature is not too large, it is still an excellent way to contact customer support and it should not be ignored. Finally, you may want to look for websites with support in Spanish. Considering the popularity of the language, this should not be too difficult and many of the major brands will certainly be able to accommodate you.