Nowadays, more and more gambling aficionados who are keen on wagering on sports decide in favor of interactive bookies, thus making a switch from their brick-and-mortar counterparts. This is only natural since web-based bookies give punters an easy access to a real wealth of sports which are popular on a global scale and allow them to make their stakes irrespective of the time and the location.
As it turns out, this is an opportunity gamblers from around the globe are intrigued by, and sports bettors from Norway are not an exception either. In essence, many Norwegians are hooked when it comes to wagering on sports, with more and more bettors turning their eyes to interactive bookies. Interestingly, Norway is one of the countries which have some quite strict laws when it comes to gambling. Despite the fact that online gambling is not outlawed, such undertakings might turn out to be quite tricky due to the fact that Norsk Rikstoto and Norsk Tipping are the only companies which are permitted to supply such services to punters.
Still, bettors should not get dispirited just yet as there are certain loopholes in the legislation of the country which allow them to gain access to a host of dependable and reliable interactive sportsbooks which are based overseas.
Legality and Regulation of Sports Betting in Norway
The gambling market in Norway has undergone some dramatic changes over the past few years mainly because of the advance in technologies which resulted in the emergence of a broad variety of interactive bookies which are targeting namely punters from the country. Gambling aficionados are undoubtedly those who can greatly benefit from the situation, but on the contrary, this puts the monopoly of the state in a jeopardy. That is the reason why the government goes all out in order to deal with this problem by coming up with various regulations and provisions.
Interestingly enough, despite the fact that Norway is one of the countries which hold quite a tough stance when it comes to gambling, the gambling rate of the country is on an upswing. Unlike Sweden and Finland which are members of the European Union, Norway is not compelled to relax its control on gambling, and it continues to hold a firm grip on such forms of entertainment.
As it was already stated, the current state of affairs in Norway gives the country a monopoly on gambling due to the fact that the only companies which have a legal right to provide such services on the territory of Norway are the Norsk Rikstoto and the Norsk Tipping. This came about thanks to the introduction of several regulations we will pay more attention to now.
Key Sports Betting Laws
In the first place, we should clarify the fact that according to the legislation of the country, gaming operators are not permitted to market their services as long as they do not possess a license issued by the Norwegian Gaming Authority. The latter is controlled by the Ministry of Culture of Norway, and its main function is to oversee and regulate all forms of gambling which take place in the country. Another responsibility of this regulatory body is to deal with problems which may arise among citizens of Norway who have gambling addictions.
In order to get a clearer picture of the situation in Norway, the first piece of legislation we should pay special attention to is the Penalty Code of the country according to which citizens of Norway are not permitted to take part in any games of chance or in other words, all games which are based on winning as long as they are not sanctioned by the country.
The Totalisator Act of 1927 is another piece of legislation which to a large extent defines the legal landscape of the country. According to the Act, punters will have the opportunity to make real-money bets on horse racing as long as the operator possesses the respective license. Presently, Norsk Rikstoto has become the only company which has the legal right to carry out horse betting across Norway.
Another major law concerning gambling is the Gaming Act of 1992. The latter gave Norsk Tipping the exclusive right to arrange wagering on the rest of the sports and sporting events.
Another major piece of legislation which was introduced only three years later is the Lottery Act of 1995. This Act is quite often referred to as more in-depth due to the fact that in practice, it encompasses all forms of making real-money bets, including wagering on sports.
In 2008, making real-money bets was outlawed in Norway as long as bettors have signed up for an account at a foreign sportsbook. It is true to say that this led to a lot of anxiety among sports bettors. The good news is that this act has not been enforced yet, meaning that in Norway, it is not illegal to wager on sports over the Internet, even if the bookie is based overseas.
Norway Sporting Events Coverage and Markets
Norwegians are among the people who get a real kick out of watching sports and who are real devotees when it comes to sports betting. It is of no surprise that winter sports list among the real fan-favorites for bettors from Norway. Sports such as skiing, curling, and ice hockey seem to be of interest for citizens of the country. When it comes to ice hockey, however, punters might be happy to hear that they can make wagers on events such as the NHL, the AHL, and the Spengler Cup, to name just a few.
As it turns out, it is not only winter sports which enjoy an amazing follow base and betting action from punters from Norway as football is yet another sport which has managed to win the hearts of punters. Best of all, Norsk Tipping gives lovers of this particular sport the chance to place their bets on some of the major events which take place around the globe. It is true to say that every interactive bookie which is worth its salt gives gambling aficionados the opportunity to make stakes on all major events such as the English Premier League, the National League, the FA Cup, as well as on internationally-held competitions such as the UEFA Nations League, and various other. And what is even better is that a good deal of the sports betting sites boast in-play betting which has become extremely popular recently, and which allows gamblers to wager even after the beginning of the event.
Another sport which garners an overwhelming betting action from Norwegian bettors is handball. In essence, Norwegians are real fanatics when it comes to wagering on this particular sport. Luckily, a large number of the decent Norway-friendly sports betting sites enable gambling aficionados to make bets on major such events the likes of the International Friendly Games and the Men’s World Championship, to mention just a few.
Horse racing also lists among the high-profile sports for Norwegian punters. As it was already stated, Norsk Rikstoto was granted the exclusive right to conduct horse wagering on the territory of Norway. Still, as long as you are intent on signing up for an account at any of the internationally-based bookies which welcome gamblers from the country, you might be delighted to find out that most of these gaming sites facilitate betting on global horse races, as well as on events which take place in Ireland and the United Kingdom.
Popular Odds Format in Norway
As long as you are not a total greenhorn at sports betting, perhaps, you are familiar with the fact that when you have made a winning bet, the payout you will get corresponds to the odds. While being on the subject of odds, punters should keep in mind that there are three major formats in which odds can be displayed and which include American odds, fractional odds, and decimal odds. Decimal odds are arguably the most popular manner in which odds are displayed. In essence, this is the format which is predominantly employed by sports bettors from Norway as well.
One of the distinctive traits of this odds format it that it functions in a fairly simple manner due to the fact that bettors simply need to multiply their stake by the odds in order to get their potential profit. It is important to note, however, that the result you will eventually get includes the initial stake you have made. Thus, as long as we assume that you have made a winning bet of $20 at odds of 1.5, this will mean that eventually, you will pocket $30 (20 x 1.5 = 30). In this case, the total return you will get includes your initial stake of $20.
Payment Solutions for Sports Bettors from Norway
As it was already stated, the government of Norway has passed several regulations which aimed at hindering gambling aficionados from making real-money bets at sports betting sites which are based overseas. One of the steps which were made in this direction was that financial institutions were prohibited from processing transactions to gaming websites which operate outside the country. Still, currently, things are much different due to the fact that Norwegian sports bettors have at their disposal various convenient banking solutions which make the transfer of funds at the push of a button.
Modern-day technologies make the deposit and the retrieval of funds as easy as a pie. A good deal of the Norwegian-friendly interactive sportsbooks facilitate payments via several of the most widely-used digital wallets such as Neteller and Skrill (formerly known as Moneybookers). It is anything but surprising that e-wallets have made it to the list of the supported ways of payment of most of the web-based bookies due to the fact that it takes almost no time to manage your funds via them, and what is more, you should not fret over any security issues.
Along with the aforementioned e-wallets, many sports betting websites also accept payments via ecoPayz. The latter gives bettors the freedom to make payments over the Internet in a secure and a time-efficient manner as well. Once you have established your ecoAccount, you will be able to make deposits and request withdrawals without a care in the world.
As long as you are a more security-conscious bettor, you need to know that prepaid cards are a viable option as well. Perhaps, one of the first such options which spring to your mind straight off is Paysafecard. In essence, this banking solution is extremely well-loved by Norwegian bettors simply because it is easy-to-use and at the same time, it ensures that you will never overspend. As long as you are keen on using a prepaid card when loading your sports betting account with cash, you might also be interested to hear that ecoCard is yet another option Norwegian punters can rely on.
Credit and Debit Cards
Another banking solution which is almost invariably on the list of the supported ways of payment and an ever-growing number of bettors opt for are credit and debit cards. Occasionally, gambling operators facilitate payments via cards issued by Visa, Maestro, and Mastercard. It is important to note that as long as you have decided to retrieve your funds back to your Mastercard, your transaction might be rejected which is why it is advised to have an alternative.
There is no doubt that credit and debit cards are a viable option due to the fact that this is one of the banking solutions which are universally accepted. What is more, such transactions are conducted in almost no time, thus letting gambling aficionados to start wagering right away.
Bonuses and Rewards for Norwegian Sports Bettors
It is true to say that bonuses and promotional incentives have gradually become an inseparable part of the agenda of most of the interactive bookies. In essence, a large number of the Norwegian bettors are particularly interested in this specific aspect of their gambling adventure simply because bonuses and promotions can give their sports betting balance the desired boost.
As it turns out, enhanced odds are one of the most irresistible promotional offers for Norwegian bettors. It is of no surprise that more and more bookies give their patrons the chance to make use of enhanced odds as such incentives have undoubtedly become real fan-favorites. As their name implies, enhanced odds offer dramatically increased odds on a specific sporting event, which therefore means that the payout you will enjoy grows dramatically as well. Still, gambling aficionados should take into account the fact that in most cases, such promotions are made available exclusively to newly-registered users of the bookie. Other than that, usually, bettors need to comply with certain limits when it comes to the amount of money they wish to wager. Nevertheless, such promotions have a great value and can become a nice way to start your betting session.
Another promotional incentive which is overwhelmingly popular among sports bettors including those from Norway are the so-called free sports bets. Just like enhanced odds, in most cases, free sports bets are granted to punters who have just signed up for an account at the interactive bookie. Best of all, once the bonus funds are credited, you can use them up in the manner you wish, and by wagering on the sporting event you prefer. Normally, gambling aficionados can take advantage of such promotional incentives only if they have made at least one successful stake.
It is fair to say that the welcome bonus remains the most enticing promotion Norwegian gamblers are presented with immediately after they have set up their sports betting account. For their most part, gambling operators will match your first deposit to the bookie at a specific percentage.
No matter what is the promotional offer you are intrigued by, we recommend reading its terms and conditions thoroughly due to the fact that this is the best way to find out whether the promotion is fruitful at all.
Customer Support at Norwegian Sports Betting Sites
While contemplating whether to join an interactive sportsbook or not, one of the key aspects you should consider is the customer service. It is only natural that you wish to know that there is someone who is invariably on standby to lend you a helping hand, irrespective of the issues which have arisen during your betting session.
That is why we recommend going for dependable and established interactive sportsbooks as every proper bookie gives its patrons the chance to approach its representatives in a prompt and a hassle-free manner.
It makes sense that currently, more and more gambling operators offer a live chat feature which gives sports bettors the opportunity to reach out one of the customer support agents in a split second. Most of the decent web-based bookies have ensured that their users will be serviced in the twinkling of an eye which is essential, especially if you are plagued by an emergency.
Many betting operators also allow their patrons to approach the customer support team via phone. This is a nice alternative as long as you wish to have your problems resolved promptly, but at the same time, you do not feel like making use of the live chat feature. Norwegian gamblers can also resort to addressing their queries via email as long as none of the above-mentioned options appeals to them. And last but not least, we should not forget to mention that a large number of bookies offer quite extensive FAQ pages which might help you when you are in trouble as well.