Singapore is a sport betting friendly country with some minor restrictions imposed on the same. Although Singapore has state operated sports betting organizations namely Singapore Pools and the Turf Club, Singaporeans also prefer betting through online sports bookies as they offer outstanding promotions, meaty bonuses and a better quality of odds in comparison to Singapore Pools.
Singapore Sports Betting Laws
All online bookmakers mentioned below accept betters from Singapore hence betting on these sites are considered to be legal. Although Singapore has multiple gambling laws on betting that include the Betting Act and the Common Gaming Act but many Singaporeans have been using online gambling sites to place bets.
Online sports betting sites in Singapore offer a plethora of sports that can be bet upon in comparison to Singapore Pools and Singapore Turf Club which only offers betting markets of Formula 1 racing, Horse Racing and Football. Apart from these sports, online sports books offer basket ball, motor racing, tennis, golf, darts, cricket, hockey, snooker, baseball, volleyball and baseball. However, out of all these sports offered the most bet upon sports in Singapore include football, tennis and motor racing.
Sports Bookies in Singapore
This betting exchange is famous for offering good odds when compared to many other sport bookies. Betfair does not charge you on your winning bets and it also provides betters with a platform to bet at sports such as Australian Rules football, Bandy, Athletics, Rugby, Tennis, Trotting, Hurling, Snooker, Surfing, Swimming, Tennis, Volleyball, Winter Sports and Yachting. Apart from these usual sports, you can also wager bets on Politics, Financials, Weather, Reality T.V shows, White Christmas, and Bridge.
Popular Betting Sports in Singapore
Singapore is one of the those sports loving countries where people are often busy either playing or watching a game. With sport betting legal in Singapore, a lot of wagers often use online betting sites or bookmakers to place bets on both local Singapore games and international matches for sports like:
- Moto racing
Football is one of the most bet upon sports in the country with players from Singapore placing wagers on both international and domestic leagues, such as S League, English Premier League UEFA Champions League etc.
Popular Payment Methods for Sports Betting in Singapore
In order to start betting with the online bookies, you need to create an online betting account and deposit funds in your account. The legal age requirement for betting is 18 when compared to 21 which is the requirement of Singapore Pools. The most frequently used deposit methods used in Singapore are Skrill.com and Internet banking.
Skrill is an e wallet service that accepts deposits in 41 different currencies and the Singapore Dollar is one of them. You can start by transferring money in your e wallet by using Visa or Master debit and credit cards and online transfers from banks such as UOB, DSB/UOSB, OCBC, BNU and Citibank through Singapore’s e gate payment networks. Once your deposit is made, you can start adding money to your sports book account. When you wish to withdraw your money from your account you can request for a Skrill withdrawal. Within a few hours you will be able to see the withdrawal reflecting your Skrill account which can be then withdrawn through a transfer or cheque. This e payment service is the most commonly used and it ensures that all your online transactions are safeguarded.
The second most commonly used payment method is internet banking. After registering with the betting site, you can make a deposit by through an online transfer.
Bonuses and Promotions Offered by Online sports books in Singapore
Another advantage of betting through online sites is that sports bookies offer an array of sign up bonuses. Bet365 offers an up to 100% match up bonus of $100 which means that if you deposit $100 then you will get $200. Apart from these welcome bonuses, Bet365 also refunds bets on half-time/full-time, correct score and score cast wagers if the match has ended on 0-0.
Singapore Betting Odds
The world wide betting odd pattern comprises of many layouts including the European Odds, American Odds, Malay Odds, Hong Kong Odds, Indonesian Odds and Indonesian Odds. The odd format followed in Singapore is the European Odd pattern which is supported by all the online sports bookmakers. This decimal odd system decides the payout based on the stake and odds offered. For example if the odds offered by Bet 365 for a game of football is 2.91 and you have wagered $200 on the outcome of the match then you will be paid $200* 2.91=582 out of which $200 is the stake placed and 382 is the payout you have received.