Portrait of the Brazilian Online Bettor: Income, Behavior, Risks

Research by Idwall and Opinion Box provides valuable insights into who Brazilian online bettors are, their income, expenses, and behavior.

Over 51% of Brazilian bettors earn no more than $790 per month, highlighting the country’s economic instability and the growing interest in betting as a way to supplement income.

The article presents key data to help understand this phenomenon.

Income of Brazilian Bettors

According to the research, more than half of Brazilian online bettors have an income of up to $790 per month, making up 51.2% of all respondents. This suggests that for many, betting is not just a form of entertainment but a way to offset economic difficulties.

However, only 4% of participants earn more than $3950, confirming that online betting remains largely accessible to people with low or medium income levels.

Betting Expenses

The majority of Brazilians who bet spend relatively small amounts. 43.1% of respondents spend between $1.7 and $10 per month, indicating moderate interest in online betting. While 7.3% are willing to invest more than $52 per month, which signals a significant risk for these users.

Education and Social Profile

The study also showed that 33% of online bettors have a higher education degree, and 22.5% of them have completed a master’s degree. This suggests that betting appeals to people of various educational levels and social statuses. However, 20.8% of participants only have a high school education, highlighting the broad accessibility of betting.

Betting Frequency

The frequency of betting also varies among bettors. 38.7% of participants place between 1 and 5 bets per month, while 14.3% place more than 50 bets monthly. This confirms the diversity of user behavior, ranging from those who bet infrequently to those who actively engage in betting.

Risks and Security

Given the popularity of online betting, it is important not to overlook the associated risks. 18% of respondents have encountered fraud, and 10% have fallen victim to account hacking. This underscores the need to choose reliable and licensed betting platforms.

It is important to note that only licensed sites with the “.bet.br” domain can operate in Brazil, which helps reduce the risk of fraud.

Conclusion

The profile of the Brazilian online bettor reflects the economic situation in the country, where many see betting as a way to make up for low income. Despite the risks associated with fraud and security, this market continues to grow. Bettors should carefully choose a betting platform to avoid fraud and other threats.