Sports Betting in Singapore Explained

Sports Betting in Singapore Explained

The government of Singapore takes the issue of remote sports betting and gambling within its borders extremely seriously. As a result, the 2014 Remote Gambling Act specifically prohibits any sort of remote sports betting or any other gambling activity. The Ministry of Home Affairs or Parliament must authorize any deviations from the standard procedure by making exceptions.

Singapore Betting Sites Online

Because of this, famous European online sports betting websites are unable to enter the Singapore market. Big betting names withdrew from the online gambling sector as soon as the Remote Gambling Act went into force and became law.

Ministry of Home Affairs has only granted two exceptions since the Remote Gambling Act went into effect in 2014. This powerfully illustrates that the Singapore government takes its stance very seriously.

Surely, such a harsh Remote Gambling Act would have an effect on Singapore’s online sports betting. However, many Singaporeans flocked to the local sports betting facilities to put their bets and test their luck after the Act was widely publicized in the media.

Punters in Singapore, like those throughout the world, prefer football bets above those on any other sport, with 70% of all bets going to football.


Websites for Online Sports Betting

Basketball, cricket, rugby, and badminton are the next most popular sports after football, although none of them have the market share that football does. You’d be hard-pressed to deny that sports betting is a big component of Singapore’s online gambling industry based on these numbers.

On the other hand, a wide range of Singapore betting sites have popped up now that online betting has been legalized in the Lion City since 2016. There are few domestic bookies to be found. One can easily choose from this list of the best SG sports betting sites for 2022. This is a great resource of the world’s most reputable bookmakers serving punters.

A Look at the Numbers for Online Sports Betting and Gambling

A 2017 poll found that 52 percent of the 3,000 persons who participated said they had engaged in some sort of gambling in the preceding month. Compared to the poll that was conducted just before the Remote Gambling Act was signed into law in 2014, this represents a significant rise.

In fact, betting on sports in Singapore has seen a significant increase since the market was regulated in 2014. This is the sole explanation for the jump from 44% in 2014 to 52% in 2017. Overall gambling wagers in Singapore reached $7.2 billion. This is up 15% from 2014 before the Gambling Act, according to the Singapore Tote Board.

Betting Sites That Accept Singapore Dollars (SGD)

When placing bets on the internet, make sure to stick with a reputable service that accepts the Singapore dollar (SGD). Listed at the link above are a few of the most well-known and reputable gaming websites.

In the past, Singaporean gamblers had access to hundreds of different web-based sportsbooks. We have, however, been constrained by recent regulatory reforms. Despite this, online sports betting is the clear choice for Singaporeans.

How to Deposit and Get Paid on Betting Sites in Singapore

A foreign bookie account operates very much like a Singapore Pools account. In contrast, with online bookmakers, you must be at least 18 years old, rather than 21 with SG Pools. A simple form on the website’s registration page will allow you to register an account in just a few minutes. The only thing that hasn’t changed is the fact that you must have money in your account to wager.

We used to be able to fund an account using Skrill, Neteller, and other e-wallet providers. However, that is no longer the case.

But if you’re looking for something simple, there are still many options. Using a credit or debit card is the most common method of making an online deposit for Singapore sports betting or gambling. You can use these on any Singaporean-friendly site presently accepting players. All three major credit cards, including Visa, MasterCard, and American Express work. There are fewer sportsbooks in Singapore that accept UnionPay, but you can still use it with a few.

Bitcoin is another increasingly popular alternative. While you can use other cryptocurrencies such as Litecoin, Dogecoin, and Ethereum, bitcoin is currently the market leader by a long margin. It is accepted by practically all betting sites that allow Singapore consumers.


Odds, Bonuses, and Promotions for Online Betting

The government-approved bookmaker is the only bookmaker in Singapore. Football and Formula 1 racing may be gambled on at Singapore Pools. Despite the fact that they’re popular, their odds aren’t great. Getafe vs. Valencia has odds of Home 4.10 Draw 3.60 Away 1.65 at the moment of this writing. Internet betting sites have Getafe 5.00 Draw 3.85 Valencia 1.78 for the same game.


Final Thoughts About Online Singapore Gambling and Sports Betting

Another fantastic perk of online betting is the fact that most websites give a sign-up bonus. In return for this free money, you agree to bet your deposit plus the bonus a certain number of times before you can cash out. The bonus is not compulsory, however.

If you want to use Singapore dollars for online sports betting or gambling, you should open an account at each of the sites on this page. You may then “shop the odds” and wager on the site that has the best odds for each game. You would also do well to take advantage of the unique incentives and promotions offered by both sportsbooks and online casinos in Singapore.