Gambling is a multi-billion dollar revenue that benefits the government. As licenced gambling operators rake in money, they also need to pay taxes. Malaysia, a Muslim country, allows non-Muslims to bet on casinos and international sports events to somehow earn money through taxes and in a way put a stop on illegal gambling.
In Malaysia, gambling remains a political issue. A large part of its population are Muslims covered by the Sharia Law that prohibits any form of gambling. Non-Muslim locals in the country include Indians and Chinese. These minorities are not under the Sharia Law and are permitted to bet on lotteries and horse races only. This restriction gave rise to illegal gambling and eventual decline in the profit of legal casinos and gambling entities in Malaysia. Profit loss means lesser tax revenues for the government. It was estimated that Malaysia’s illegal sports betting totals to about 20 billion ringgit annually.
The country gave Ascot Sports a licence to run sports betting in Malaysia. Non-Muslim locals and tourists in the country can place wagers on basketball, soccer, motorcycle racing, golf, and tennis. The permit is hoped to put a stop on illegal betting and potential loss of 4 billion ringgits annually in tax revenues. Despite the licence, the Ministry of Finance still reiterated that all employees and stakeholders in the sports betting operations must be non-Muslims.
Regarded as the largest betting site in the world, Betfair allows its users to compete against one another, allowing them to place higher bets on better odds and even make more complicated bets. The great thing about this site is aside from sports betting, the site also offers a huge selection of casino and bingo games. Do note that the bookmaker will charge a small commission.
Roy Richie Casino
A relatively new bookie, Roy Richie Casino is a reliable and trustworthy online sportsbook that offers its users highly competitive odds on a huge selection of sports markets. In addition, the casino also has notable bonuses and superb customer service. Upon visiting the site, players can choose from thousands of betting options ranging from popular sports leagues to almost unknown leagues. Many users enjoy using this online sports book for its option of multiple betting. The site is also easy to navigate and is available on a mobile device.
The casino is under licencing by the Malta Gaming Authority.
One of the popular online bookmakers in Pinnacle. It gained a large following with its great offerings of odds across a huge game selection. The site is accessible to more than 100 countries and now serve hundred thousands of customers worldwide. The site also offers fast payout times and incentives for long-term players. Pinnacle is famous for offering competitive bets on hockey, baseball, and basketball. They are licenced and regulated in the Netherlands but headquartered in Curacao.
One of the earliest gambling casinos, Unibet is a reliable online sports book headquartered in Malta. The company now serves more than 7 million players worldwide. Many of their players engage in sports betting but they also have a great online casino including a progressive jackpot slot machine. The site offers very good odds value, mobile betting, and live streaming. Minimum deposit required is only 10 EUR. Players from Malaysia can get as much as 50% up to 50 EUR bonus.
This Germany-based online sportsbook offers unique modes of payment including bitcoin. While the site is not under any known licencing jurisdiction, it offers one of the best quality customer service. It also is popular for fair play and openness to accept players from different countries. The website is available in 40 languages.
Players also get a welcome bonus valid on all website bets. To get the bonus, create an account and make a minimum initial deposit of 5 mBTC. Successful deposits mean you can get a first deposit bonus of 100% match deposit bonus of up to 1 BTC.
The site allows punters to place their bets on a wide range of sports including volleyball, basketball, tennis, table tennis, ice hockey, alpine skiing, American and Aussie rules football, soccer, and even long-term bets. Other less popular sports include baseball, bicycle racing, boxing, and motorbike racing. Odds are good and the site also allows different odds formats such as Malay and Indonesian odds.
Another reliable online sportsbook is William Hill. Its odds value is about 94%, which is still very good. The site is playable on mobile devices and also offers live streaming. Minimum deposit is 1 EUR and the minimum withdrawal amount is also 1 EUR. The players are also allowed to engage in live betting and phone wagering.
Novibet offers its users thousands of wager options daily. Novibet Sportsbook caters to many sports betting markets that users can play every day for a whole year. The site is easy to use and offers its users pre-match and live betting. The live betting section is popular among punters when they want some quick action before the match begins. Aside from live bets, players can head on to the virtual sports section and wager on virtual tennis or football.
Novibet also has daily sports bonuses and an excellent customer service.
While the site is still relatively unknown, TLCbet is slowly making its presence felt in the online betting industry as made partnerships with Premier League teams. This allows punters to place bets real-time by providing complete statistics and charts. The live betting feature is available on android devices and desktop computers. The software refreshes odds immediately and there are no downtimes, allowing players to bet before kick-off and hedge against the risks.
BetMotion Sports is a great bookmaker that has made its name in sports betting. The site accepts a lot of customers worldwide except those from the United States. Many of the users originate from Asia and Europe. The site has a simple and user-friendly layout. Its most popular sport is football seconded by tennis. It has an interactive menu that users can tweak depending on their liking.
While the site offers different sports betting, live betting is only available for football, basketball, and tennis. The odds across sports are the same and are not dependent on which sports you frequently bet on.
Again, online sports betting is illegal in Malaysia. The only way for Malaysian residents to place their bets on online sports is by using international bookies and at the comforts of your home. Using reliable online sports betting sites with international gaming licence will not get you in trouble since they are beyond the Malaysian government’s jurisdiction and that these sites operate legally.
Malaysian residents can use Asian bookies that specialize in football and other sports. These websites support a wide range of currencies including the Malaysian ringgit. Players can also register with a European bookie but depositing is not as easy as Asian bookies. The best way to deposit is by using an e-wallet such as Neteller.
It is highly advisable to use multiple betting sites so you can have an idea about which sites offer the best odds, promotions, and bonuses. You can also compare which has the easier deposit and withdrawal processes.
To play and have better chances of winning in Malaysia sports betting, you have to be familiar with the Malaysian odds format, which is often supported by Asian bookmakers. Malaysian odds or Malay odds is often used by more experienced punters. Odds using this method are described in positive or negative odds.
Negative Malay Odds. Bettors will receive more than even money when the odds are negative. This is because you dealt with an underdog with has 50% lesser chance of winning.
Positive Malay Odds. This type of betting odd means that what you bet on has 50% more chance of winning.
This type of odds is not available in European bookies. These bookies use US or UK odds, fractional odds, and decimal.
American Odds are the usual format in most betting sites. Like the Malay odds, they are expressed in negative or positive numbers. Positive odds mean the amount a player will win on a successful bet. On the other hand, a negative odd represents how much a player will bet to win. Decimal Odds is also known as the European Odds and is the easiest format to understand as it simply represents how much your bet will earn. The two numbers on Fractional Odds mean the amount one can win (first number) and the stake (second number). For example, 10/1 means you stake 1 to win 10.