In Singapore, there is just a single law about sports betting – the Singapore Pools that provide betting on football and Formula 1 racing.
Singapore Online Sports Betting – Football Betting Markets:
In this article, people would be able to discover some important features and information about Singapore’s online sports betting. Allow me to start with the most exciting part of the game – the bonuses and promotions.
1. Singapore Online Sports Betting – Bonuses And Promotions:
The first thing to know in this article about Singapore’s online sports betting is the bonuses and promotions.
A great feature of online betting is that almost all sites provide some form of sign-up incentive. For instance: at 22.214.171.124, newbies are welcomed with a 100% sign-up bonus up to $200 (SGD, meaning that your starting balance would be $400 if you deposit $200. In exchange to take this free money, you accept to wager your bonus + deposit, 3-times prior to cashing out. If you do not accept this, then this is fine. You do not have to take the bonus. I used 3992u.com as an example just due to their static high-value promos.
At 126.96.36.199, there are a lot of special promotions and bonuses available just for players from Indonesia, Malaysia, and Singapore. The reason why I have not listed their offers is that their offers are frequently changed.
It is wise to have accounts at each site that supports Singapore dollars listed here. This would allow you to “buy the odds” and bet at anything that offers the best odds for each match. This would also allow players to take advantage of the special promotions and bonuses that each website provides.
2. Is Singapore Online Sports Betting Legal?
There are a lot of different laws that regulate betting in Singapore. These include the Common Gaming Houses Act and Betting Act both of which were drafted before the appearance of the internet. In 2010, parliament revised the Casino Control Act but did not specifically mention online betting or gambling.
This has formed a special situation. If players were to travel abroad and make a bet in a local bookmaker overseas, this will definitely be legal. Therefore, if I use the same bookmaker’s site, is that legal too? As there is no certain mention of this in Singapore’s laws, this question is still something of a dark field with no light.
So what exactly do the laws of Singapore say about online betting? The real thing as addressed by the Business Review of Singapore is not much. Singapore’s laws specific elements have been used against businesses (for instance: the internet betting cafeterias). Nevertheless, no player has ever been fined or arrested for Singapore online sports betting when using legal online bookmarks from the Philippines, the UK, or any other jurisdiction aboard. In addition, the way online payouts and deposits work, no one would ever know what your money would be used for.