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For the past 10 years, sports betting and casino gambling have seen their peak in Singapore. This may lead to some changes and prohibitions soon as authorities are debating new legislation due to cultural concerns.
Be that as it may, both gambling and sports betting is legal in Singapore, although with certain restrictions. Singaporean people love sports betting and this country has one of the best betting markets in Asia.
Those who love sports betting or wish to start with such endeavors can do so easily via the internet. But with vast options available, it can be difficult to choose the first sports betting site in Singapore. Read on to find out more about sports betting in Singapore.
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| ⚖️Legal Status | Sports betting is legal and regulated. |
|---|---|
| 🔞Age Restrictions | 21+ |
| 💱Official Currency | Singapore dollar (SGD) |
| 🏛️Designated Authority | Gambling Regulatory Authority under the Ministry of Home Affairs. |
| 📊Popular Betting Markets | Football, basketball, and golf. |
| 💰Taxation | Individual winnings from sports betting are not taxed. However, sportsbooks pay a tax on their gross gaming revenue per year. |
| 🏪Betting Shops | Singapore Pools operates several betting shops in Singapore. |
| 🌍Foreign Operators | Foreign bookamer can access the Singapore market only after securing a GRA license. |
| 💻Online Betting | Singapore offers a regulated online sports betting market via licensed bookmarkers. |
| 🆘 Gambling Addiction Resources | Support is available through the Special Hospital for Addiction Diseases and Gambling Therapy for addiction treatment. |
Is Online Sports Betting Legal in Singapore?
Betting on sporting events and horse racing is generally prohibited in Singapore by the GCA, unless an operator is granted a license by the Gambling Regulatory Authority. Players can visit a sportsbook covered by a class license in respect to the desired form of betting.
| Key Factors | Details |
|---|---|
| 📜Regulating Law | Sports betting is regulated by the Gambling Control Act 2022 |
| 📑Licensing and Operators | The Gambling Regulatory Authority (GRA) oversees all forms of gambling. |
| 💰Taxation | Bettors winnings are not taxed. Bookmakers pay a tax calculated based on their revenue. |
| ⚠️Penalties for Violations | Illegal betting is punished by a S$10,000 fine or six months imprisonment, or both. |
As we said, there are many online bookmakers, therefore, it is important to check the legitimacy of the service provider at first glance. There are always providers that don’t take security as seriously as they should. Therefore, it is important to choose a licensed online sports betting site in Singapore.
The Singapore online sports betting market has grown exponentially in recent years. Digitizing betting actually makes betting on sporting events easier and faster. Now users can play directly from home, without going to the betting place, or on the street, wherever they are, using smartphones and tablets.
Below you will discover how to bet online in Singapore, what betting tools are available to you, and how to use them properly.
The most important step to enter the world of online sports betting is registration. This is doubly important in Singapore as legal national sites offer just football and horse racing, while international betting sites offer much more. When you have chosen the betting site (either a sports betting site in Singapore or from abroad), you will have to go to the site’s home page and click on ‘Register’ to initiate the sign up procedure.
Regardless of your preferred betting site choice, you will need to enter your valid personal information. This is so you can collect bonuses but more importantly to deposit and withdraw money. In addition, entering incorrect information can result in your account not being created, suspended, or terminated.
When all the documentation has been completed, all that is left is to confirm your identity. This is usually done via email or by uploading copies of your identification documents such as passport or driver’s license. The entire process will take just a few seconds or a day at the most.
You can either use the Welcome Bonus (if the betting site offers one) or simply deposit money onto your account. The deposit options and methods will depend on the Singaporian betting site of your choice. Choose the preferred method and top up your account.
And that’s it, your account is created and ready for betting.
As said, at legal sports betting sites in Singapore, only football and horse racing are legal to bet on. That being said, these two sports are the most popular at bookmakers. On the other hand, international betting sites offer more markets and possibilities, therefore bettors from Singapore can enjoy a variety of sports. Here are the most popular ones:
When it comes to the style of sports betting, Singaporean players differ little from the rest of the region. In fact, it could be said that Asian bettors pretty much love “safer” bets, meaning higher chances of winning the slip. As the majority of international sports betting sites in Singapore offer the same bets and markets as in the rest of the region. You will have access to a variety of bets to choose from. The major types of bets in Singapore are:
A bet focused on the number of goals scored in a match, it can pertain to total goals scored, or goals scored by a specific team.
A bet that gives one team a virtual advantage or disadvantage, leveling the playing field and altering the odds.
A bet placed on a single outcome in a sports event. It is the simplest and most straightforward type of bet.
Bets placed in real-time as the sports event is taking place, with odds that change dynamically based on the current score and situation.
Online betting sites in Singapore are trying to attract new players and keep those who are already there. That being said, there are several types of bonuses and promotions, and players from Singapore can enjoy many of them.
A bonus provided to new bettors when they first register with a betting site. Typically includes free bets or a matched bet based on their first deposit.
A bonus that offers a certain number of free bets based on various criteria like deposit amount, betting patterns, or promotional offers.
A bonus awarded to new bettors without any initial deposit requirement. This can be in the form of a free bet or bonus credit for betting.
A bonus tailored for VIP bettors with unique perks and benefits. Perks might include personal account managers, exclusive betting offers, and faster withdrawal options.
A bonus that returns a percentage of a bettor's losses over a specified timeframe. This helps mitigate some of the risks associated with losing bets.
A bonus given to existing bettors when they deposit additional funds. Often takes the form of matched bets or enhanced odds for certain events.
A bonus that rewards bettors for their consistent betting activity. It can come in the form of free bets, enhanced odds, or exclusive promotions.
What Is the Best Payment Option for Singaporean Players?
Banking departments at Singapore online casinos prefer to process deposits and withdrawals with a broad range of payment methods. What is the best option is subjective, but you will agree that a secure and fast transaction speed with low fees is preferable. Let’s have a closer look at the most common banking providers.
These organizations work together to ensure that gambling in Singapore is conducted responsibly.
Gambling in Singapore is legal but with quite a few restrictions. Although people can go to casinos and bookmakers, certain types of companies, as well as playing particular sports/games are illegal.
Gambling online in Singapore is quite safe. All one has to do is stay away from risky sites, which is quite easy to do – simply go with gambling sites that are licensed.
Sports betting is legal in Singapore but only for football and horse racing. All other forms of sports betting can be done via foreign betting sites.
Currently, there are no limits proposed by the state, although that might change soon. Therefore, the only limits are based on sports betting sites in Singapore and deposit methods.
No, you don’t need to declare any winnings from sports betting.
This depends on the betting site and the withdrawal banking option. It can go from immediate (e-wallets), 24 hours (cards), to several days (bank transfers).
There are numerous popular sports betting sites in Singapore, many of which are famous internationally, therefore picking a single one as the best is impossible. What’s important is that the site is licensed and safe and it provides the best service to the player’s needs.
Legally, Singaporean players can bet on football and horse racing, when it comes to sports betting. When playing on foreign sites, they can bet on anything that the site offers.
Football. Betting on football is legal and Singaporean players love football nevertheless.
Various betting sites will offer various betting odds. The most common ones are decimal odds as they are most commonly used in the world. Finding the best odds is very important as well, therefore comparing various betting sites is crucial to winning big.
Yes, some sports betting sites in Singapore offer free bets as part of welcome bonuses and promotions.
Welcome Bonuses are either claimed directly upon registration or after the first deposit (depending on the site). Sometimes it is enough to simply create an account, sometimes a promo code must be typed in, sometimes customer service must be called. Make sure to read the requirements before collecting the bonus.
Call the All Addictions Helpline at 6-7326837 or National Problem Gambling Helpline at 1800 6 668 668.
🔎 Looking for casino sites? Here are the best casino sites in Singapore.
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