Trademate Sports — How to do Sports Betting and Trading in Germany

In general, German sports bettors are required to pay a 5% tax on all bets they place. This tax is applicable to all residents of Germany and anyone placing a bet within Germany. This legislation was passed in 2012 as an attempt to deter people from gambling online.

Having 5% of the betting stake deducted is certainly a negative, but in order to keep their German customers some bookmakers have found ways to lower the burden; such as Tipico and Betfair, who have decided to absorb the tax themselves, thus allowing customers to bet normally. Other firms such as Interwetten have taken the approach to only tax winning bets, with the company covering the tax on losing bets.

To read more about the best bookmakers to use in Germany, along with the legal and tax situation for bettors, click on the link below to read the whole article!

Originally published at https://www.blog.tradematesports.com on July 3, 2020.