- Is Online Sports Betting Safe
- Safe Betting Site
- Safe Online Betting Sites In India
- Safe Online Betting Usa
- Safe Online Betting
- Best Online Betting
| Sports Betting Site | USA? | Bonus |
|---|---|---|
| Bovada | $250 | |
| BetOnline | $1,000 | |
| SportsBetting | $1,000 |
While the offshore sports betting sites have more experience with online betting, regulated sites are starting to soar in states where betting is legal. Sites that are safe and legitimate.
- Online sports gambling continues to grow in notoriety, with operations and sportsbooks popping up all over the world, all offering the latest sporting odds. The lure of betting on sport appeals to all levels of punter and consequently, the supporting markets are booming in the online betting.
- Is Betting Online Safe? The most fundamental question is whether or not the overall practice of betting online is safe, and the jury is in. People have been making sports wagers over the Internet for many years at this point. In most free countries (with one notable exception), it is perfectly legal to make sports bets online.
When venturing into any new betting-related activity, you want to sure that you are doing it safely. Is online sports betting safe is the question on many people’s minds. The land-based sports betting world is fraught with seedy bookies and back alley betting rings. These people and places can be many things, but safe is not one of them. This is why many sports fans were wary when the first online sportsbooks started popping up. Could these websites seriously be as legit and secure as they claimed to be?
Luckily, we now have decades of proof that these sites are not only legitimate and above board, but they are the safest way to bet on sports outside of Nevada. There are certain laws in place that make most of America a vacant wasteland when it comes to sportsbooks, meaning there are only two states in the nation that actually have any. If we didn’t have these online options, most of us would be out of luck. This is why their safety practices are very importantto us here at LegalSportsBetting.org.
Where Do These Sites Operate?
All of the legal sports betting sites that you will be using operate outside of America. This is because of several laws including the Wire Act, the PASPA, and the UIGEA which all limit online sportsbooks in their own ways. Taken all together, these laws take away sportsbooks from everyone that doesn’t live in Nevada or Delaware. That includes online sportsbooks as well. The safe sports betting sites that you will be using function out of places like Panama, Canada, the UK, and Costa Rica. They operate under the laws of the lands where they reside. America has some of the most restrictive laws regarding sports betting, so lucky for us these other countries have much more lenient laws.
Are Online Sports Betting Sites Safe?
The sports betting sites that we will point you to have all been operating for more than a decade. Online books do not last very long if they are lax on the safety measures. These sites can afford the latest and greatest security software and hardware for superior encryption and ssl protocols. They send and receive funds through the same impenetrable lines as the major online retailers and money transfer agencies such as PayPal. They have expert technicians that check the sites for leaks or weak spots every month. To date, not a single member of any of the online books that we review has had his or her information compromised in any way. You will not find a single negative review regarding safety.
Is My Money Safe When Sports Betting Online?
Yes, these legal sports betting sites offer the safest and most trusted transaction methods in the business. Deposits can be made via credit/debit cards, as well as money orders, cash wires, and more. This is as safe as making a purchase at a major online retailer. Payouts are just as safe, utilizing rapid transfers, checks, bank wires, and more. These sites only offer the most secure options when it comes to transferring money overseas. Check out some of the member testimonials or professional reviews to get an understanding of the supreme methods these sites use.
Can I Get In Trouble For Using An Online Sportsbook?
One thing that many US residents seem to be confused about is the legal and safety standings of online sportsbooks. There is really nothing to be worried about though. These sites are considered staples in the sports betting community, and are the main sources of wagering action for 99% of the American public. As long as you are following the rules of the site, you will not get in trouble. First off, the site must accept residents of the state you are in. Most sites accept all 50 states, but a select few do not. The site will let you know if they accept your state when you sign up, so that should never be a problem. These sites use things like geotracking as extra safety measures, but also to make sure that no one is wagering from a place that they shouldn’t be. Follow the rules of the site, and you will be fine.
How Old Do I Have To Be To Bet On Sports?
If you are following the rules of the sportsbook that you are using, then you will be over 18. These sites do not accept minors, and they are very good at finding underage users and banning their IP addresses. As long as you are over 18 you will be safe and in good standing with the law when using an online book. If you want to take every precaution under the sun into account, then you can also check your state law for the betting age. Some states set the age higher than 18, usually 21. If this is how your state sees it, then you might want to wait until you are 21, or whatever age they say, before signing up. Again, this is only an added precaution, and you will probably be okay as long as you are over 18.
Now that you have a good idea of what these sites use in order to ensure your safety, you are ready to sign up and started winning some dough! There are plenty of mediocre sites out there that put profit before safety, and are therefore not worth your time. Going with any of the sites that we review will ensure that you are wagering with a bona fide champion in the field on online sports betting.
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Is Online Sports Betting Safe
Using our Recommended Bookmakers in Malaysia
Almost all betting sites will require you to verify your identity at some point if you want to open an account. To do this they’ll ask for scans of your photo ID and a copy of a utility bill in your name.
We don’t recommend betting online from Malaysia unless you have these available. For the photo ID your MyKad works fine but a passport is even better.
A 48-page ICAO e-passport valid for five years costs RM300 and is easy to obtain. For a utility bill either a cable bill, internet bill, water bill, power bill, phone bill or anything similar will suffice. With this out of the way, all you need now is a banking method.
How we Find Safe & Secure Bookmakers
All our recommended sites have been tried and tested by our team. We understand the importance of betting at secure, safe websites.
A great reputation is a must, as is proper licencing. Any time we recommend bookmaker you can be sure that your funds are secure.
You will also know that you are getting fair treatment and that our recommended betting sites will honour bonuses and payout on time.
Banking Options
There are loads of great banking options for Malaysians. One of the most popular money transfer services in the world is PayPal. This well-known site is also the first choice for many people who use sports betting sites.
During their research, our expert team found the sites with the best banking options. Most of our recommended sites allow deposits and withdrawals through PayPal. This makes it easy for you to execute fast, secure payments so you can get on with making bets.
Another popular choice for funding online betting in Malaysia is Skrill. Like PayPal, Skrill is an e-wallet and online payment service that many bookmakers accept. The company has been around since the early 00’s and has a great reputation.
Skrill allows punters to be anonymous, secure and conveniently move money across accounts with different bookmakers. This makes it well worth considering for Malaysian residents.
Neteller is another major player in the online payment industry. It is owned by Paysafe Group, which also owns Skrill, so it comes with the same guarantees on security and reputation. As with the other options listed above, most of our recommended bookmakers will accept payments in Neteller.
The amount of choice bookmakers provide for banking has grown a lot over the last few years. It is now easier than ever to make quick, secure and discreet payments and withdrawals. One of the most recent additions to betting website’s banking pages is Bitcoin.
Bitcoin is a cryptocurrency that increasingly, more and more online betting sites are willing to accept. Betting with Bitcoin provides an extra level of security, anonymity and depending on its, it can offer better value than regular currency.
Football Betting in Malaysia
Football is the most popular sport in the world and in Malaysia, online football betting goes hand in hand with watching games. Football betting sites in Malaysia are most commonly overseas sites that accept Malay players.
There are loads of benefits to online football betting in Malaysia. Firstly, it’s easy and convenient and you can make wagers on the biggest competitions from around the world. The best football betting sites in Malaysia cover all major tournaments and leagues, including the World Cup and the English Premier League.
You also get the luxury of time and information that make online football betting easier and more enjoyable. Traditionally going to a bookmaker was time-consuming and there was limited information available on what you were going to bet on. Now, football betting sites in Malaysia allow you to study stats and get the latest news on each team before making a bet.
Online Sports Betting Malaysia – The Laws
As highlighted above, football betting is very popular in Malaysia. The good news is there is no shortage of legitimate foreign betting sites that accept bets on football in Malaysian ringgit (MYR).
Safe Betting Site
Before getting into the topic, let me quickly put your mind at ease regarding the laws. There’s a big push in Malaysia to change the law to allow legal betting on football.
The simple reason for this is that approximately RM 1 billion is wagered by Malaysians each and every day on football matches. Both brick-and-mortar and online casinos are also very popular with Malaysians.
In 2010, a company called Ascot Sports were rumoured to be the given the first licence for legal sports betting in Malaysia. Due to a backlash from some parts of the Malaysian public, this never materialised, however, there are large parts of society that would like new laws to be introduced.
The upsides are massive tax revenue, taking money out of the hands of organised crime and potentially reducing match-fixing scandals. However, at this time betting from Malaysia is still illegal, though the risk is small.
We strongly suggest avoiding Asian bookies such as M88, 12Bet, sbobet, ibcbet, eastern dynasty and smartbet.
It’s a far safer option to use betting sites licensed in the European Union who have no physical presence or agents in Asia. Using European bookies from home (not an internet café) is a very safe option for Malaysians to wager on sports online.
Are Gambling Winnings Taxed in Malaysia?
No, gambling winnings are not taxed in Malaysia. None of the official state-sanctioned casinos or lotteries require winners to pay tax, however, the companies who operate them do. As online sports betting is not strictly legal in Malaysia, there is no way authorities can enforce people to pay it.
Understanding Decimal and Fractional Odds
The only small downside to using European bookies for online betting from Malaysia is the odds format is different. In Malaysia, betting sites use what’s referred to as Malay Odds.
At European betting sites the odds are called European odds, or decimal odds. Many UK bookmakers also provide their customers with fractional odds.
Decimal odds represent how much you’ll be returned on a winning bet. So, for example:
Safe Online Betting Sites In India
Manchester United to win against Fulham – 1.30
Here if you stake $10 on Manchester United and they win, you win $3 (plus your original $10 stake). In Malay odds this would be 0.30.
Fractional odds are most commonly used in the UK and Ireland and it’s what you’ll see on the websites of betting sites from these countries. There is usually an option to change this in your account preferences, though.
Fractional odds show the potential win on the left and the stake on the right. For example:
Tottenham to win the Champions League – 20/1
Here if you stake $1 on Tottenham and they win, you win $20 (plus your original $1 stake). In Malay odds this would be -0.05.
This will take a little getting used to, but if you need help, you can use our SBO.net odds converter calculator. Access information on different types of odds and let us do the hard work for you.
Betting in Malaysia FAQs
Safe Online Betting Usa
The Malaysian Betting Act of 1953 doesn’t reference online gambling so at the moment, it’s not clear. However, Malaysians can safely and securely access many different online betting sites.
Safe Online Betting
There is just one casino in Malaysia, Resorts World Genting. The resort is around an hour drive away from Kuala Lumpur and is popular with both Malaysians and tourists.
Yes. Many online sportsbooks accept Malaysian players. You can sign up when you visit the site and begin betting on your favourite sports.
Yes, if you use the correct sites. To protect yourself use sites that are fully licensed, have excellent security measures and good reputations with their customers.