Safe Online Betting
When looking to venture out into sports gambling, you are likely to find hundreds of online sports betting sites out there. When looking for the best sports betting sites, therefore, the most important issues to consider are the perks that come with the websites. This will ensure you enjoy the greatest sports betting online experience. These perks include signing bonuses and easy usability among others. In this article, we are going to review three of the best online betting sites, which are Bovada, BetOnline, and MyBookie.
Online Horse Betting top bonuses - Bet on horse racing online at over 200 race tracks in America and get the best horse racing odds for the Kentucky Derby! Online Horse Betting Sites 2021 - Best Racing Books #1. Bonus: 50% up to $250. Bonus: 50% up to $1000. Bovada online betting is a hot spot for gamers looking for a fast thrill. Blackjack tables have been the most popular table game. Since 2011, Bovada has served 1,198,909,137 rounds of blackjack and these numbers continue to rise. Bovada also offers online.
#1 Bovada
Bovada.lv also known as Bodog.com in Canada is among the best sports gambling websites that has been in existence since 1994. The site’s domain is registered in Latvia. The platform provides access to sport, casino, poker, and racebook wagering.
Bovada has continually offered promotions and offers to its customers. For instance, first-time deposits for sports get bonuses of 50 percent for deposits up to $250, 100 percent for deposits up to $1000 for casino bets, and 100 percent for deposits up to $1000 as poker bonus.
Making a deposit or a withdrawal is easy and only attracts a small fee. For first-time deposits, the processing fee of 4.9 percent is waivered. Payouts are done using rapid transfer, otherwise known as money gram.
Bovada allows sports betting online on their user-friendly mobile interface or in their state of the art poker and casino gaming rooms. The minimum wager online is $1 and $50 for mobile bets. The only limitation to using Bovada is that the odds are posted late and that they have very low wager limits.
Safe Online Football Betting
#2 BetOnline
Licensed and regulated in Panama, BetOnline offers sports, live, poker, casino, and live dealer types of betting. It offers a wide range of payment options and several accepted currencies, thus making it one of the most convenient sites for customers across the world.
You get a welcome bonus of 50 percent on deposits up to $2500. However, bonus levels are tiered for different types of wagering. The online game library is categorized into 3D slots, table games, slots, and video poker. Most of the bets are placed online since their mobile platform only allows sports betting.
Maximum and minimum deposits and withdrawals are different for different payment options that are offered on BetOnline. Its major shortcoming is that it has high rollover requirements that customers might find difficult to understand.
#3 MyBookie
MyBookie is one of the newest top online sports betting sites in the market. It was established in 2014 in Costa Rica and is fast growing to compete with other older bet staking sites. The minimum online wager on MyBookie is $10 and the maximum is $1000. For mobile wagers, however, there are no limits.
Wagering options for MyBookie include straights, totals, open wagers, action points, teasers, reverses, if bets, futures, and money lines among others. You can bet on games such as NFL Football, college basketball, NBA basketball, NHL hockey, soccer, golf, and horse racing among others.
With one of the highest bet bonuses in the industry, MyBookie gives you a welcome bonus of up to 50 percent for up to $1000 if you are a first time depositor. For reloads, they offer a 20 percent cash bonus. This makes it one of the best sports betting sites.
Its mobile platform has a user-friendly interface that makes it very easy to use. Their customer service is also highly efficient and offers top-notch customer service. This puts them among the best online betting sites today. MyBookie, however, only caters to recreational gamblers as opposed to other top sites that allow professional gambling. The site has also been said to lean more on the US sports market as compared to international sports.
Using our Recommended Bookmakers in Malaysia
Almost all betting sites will require you to verify your identity at some point if you want to open an account. To do this they’ll ask for scans of your photo ID and a copy of a utility bill in your name.
We don’t recommend betting online from Malaysia unless you have these available. For the photo ID your MyKad works fine but a passport is even better.
A 48-page ICAO e-passport valid for five years costs RM300 and is easy to obtain. For a utility bill either a cable bill, internet bill, water bill, power bill, phone bill or anything similar will suffice. With this out of the way, all you need now is a banking method.
How we Find Safe & Secure Bookmakers
All our recommended sites have been tried and tested by our team. We understand the importance of betting at secure, safe websites.
A great reputation is a must, as is proper licencing. Any time we recommend bookmaker you can be sure that your funds are secure.
You will also know that you are getting fair treatment and that our recommended betting sites will honour bonuses and payout on time.
Banking Options
There are loads of great banking options for Malaysians. One of the most popular money transfer services in the world is PayPal. This well-known site is also the first choice for many people who use sports betting sites.
During their research, our expert team found the sites with the best banking options. Most of our recommended sites allow deposits and withdrawals through PayPal. This makes it easy for you to execute fast, secure payments so you can get on with making bets.
Another popular choice for funding online betting in Malaysia is Skrill. Like PayPal, Skrill is an e-wallet and online payment service that many bookmakers accept. The company has been around since the early 00’s and has a great reputation.
Skrill allows punters to be anonymous, secure and conveniently move money across accounts with different bookmakers. This makes it well worth considering for Malaysian residents.
Neteller is another major player in the online payment industry. It is owned by Paysafe Group, which also owns Skrill, so it comes with the same guarantees on security and reputation. As with the other options listed above, most of our recommended bookmakers will accept payments in Neteller.
The amount of choice bookmakers provide for banking has grown a lot over the last few years. It is now easier than ever to make quick, secure and discreet payments and withdrawals. One of the most recent additions to betting website’s banking pages is Bitcoin.
Bitcoin is a cryptocurrency that increasingly, more and more online betting sites are willing to accept. Betting with Bitcoin provides an extra level of security, anonymity and depending on its, it can offer better value than regular currency.
Football Betting in Malaysia
Football is the most popular sport in the world and in Malaysia, online football betting goes hand in hand with watching games. Football betting sites in Malaysia are most commonly overseas sites that accept Malay players.
Safe Online Betting In India
There are loads of benefits to online football betting in Malaysia. Firstly, it’s easy and convenient and you can make wagers on the biggest competitions from around the world. The best football betting sites in Malaysia cover all major tournaments and leagues, including the World Cup and the English Premier League.
You also get the luxury of time and information that make online football betting easier and more enjoyable. Traditionally going to a bookmaker was time-consuming and there was limited information available on what you were going to bet on. Now, football betting sites in Malaysia allow you to study stats and get the latest news on each team before making a bet.
Online Sports Betting Malaysia – The Laws
As highlighted above, football betting is very popular in Malaysia. The good news is there is no shortage of legitimate foreign betting sites that accept bets on football in Malaysian ringgit (MYR).
Before getting into the topic, let me quickly put your mind at ease regarding the laws. There’s a big push in Malaysia to change the law to allow legal betting on football.
Safe Betting Site
The simple reason for this is that approximately RM 1 billion is wagered by Malaysians each and every day on football matches. Both brick-and-mortar and online casinos are also very popular with Malaysians.
In 2010, a company called Ascot Sports were rumoured to be the given the first licence for legal sports betting in Malaysia. Due to a backlash from some parts of the Malaysian public, this never materialised, however, there are large parts of society that would like new laws to be introduced.
The upsides are massive tax revenue, taking money out of the hands of organised crime and potentially reducing match-fixing scandals. However, at this time betting from Malaysia is still illegal, though the risk is small.
We strongly suggest avoiding Asian bookies such as M88, 12Bet, sbobet, ibcbet, eastern dynasty and smartbet.
It’s a far safer option to use betting sites licensed in the European Union who have no physical presence or agents in Asia. Using European bookies from home (not an internet café) is a very safe option for Malaysians to wager on sports online.
Are Gambling Winnings Taxed in Malaysia?
No, gambling winnings are not taxed in Malaysia. None of the official state-sanctioned casinos or lotteries require winners to pay tax, however, the companies who operate them do. As online sports betting is not strictly legal in Malaysia, there is no way authorities can enforce people to pay it.
Understanding Decimal and Fractional Odds
The only small downside to using European bookies for online betting from Malaysia is the odds format is different. In Malaysia, betting sites use what’s referred to as Malay Odds.
At European betting sites the odds are called European odds, or decimal odds. Many UK bookmakers also provide their customers with fractional odds.
Decimal odds represent how much you’ll be returned on a winning bet. So, for example:
Manchester United to win against Fulham – 1.30
Here if you stake $10 on Manchester United and they win, you win $3 (plus your original $10 stake). In Malay odds this would be 0.30.
Fractional odds are most commonly used in the UK and Ireland and it’s what you’ll see on the websites of betting sites from these countries. There is usually an option to change this in your account preferences, though.
Fractional odds show the potential win on the left and the stake on the right. For example:
Tottenham to win the Champions League – 20/1
Here if you stake $1 on Tottenham and they win, you win $20 (plus your original $1 stake). In Malay odds this would be -0.05.
This will take a little getting used to, but if you need help, you can use our SBO.net odds converter calculator. Access information on different types of odds and let us do the hard work for you.
Betting in Malaysia FAQs
The Malaysian Betting Act of 1953 doesn’t reference online gambling so at the moment, it’s not clear. However, Malaysians can safely and securely access many different online betting sites.
There is just one casino in Malaysia, Resorts World Genting. The resort is around an hour drive away from Kuala Lumpur and is popular with both Malaysians and tourists.
Yes. Many online sportsbooks accept Malaysian players. You can sign up when you visit the site and begin betting on your favourite sports.
Yes, if you use the correct sites. To protect yourself use sites that are fully licensed, have excellent security measures and good reputations with their customers.