Online Betting Malaysia – The best casinos and bookmakers for Malaysians in the net – Get the top bonuses and play safe with Ringgit MYR currency
Malaysia prohibits bookmakers and online casinos from operating in the country. Of course, this was not always the case, since there were some periods during which some kind of gambling was allowed. Obviously the government needed some money and issued some licenses, but in every occasion this didn’t last long. Now online betting Malaysia is allowed but there aren’t any local operators.
So the only available option for Malaysian bettors are the international bookmakers accepting the local Ringgit MYR currency. Many of them accept players from Malaysia and even offer Ringgit betting Malaysia. Attempts by the government to ban the population from using the services of foreign operators have been unsuccessful.
Check out a list of online sports betting sites that host Malaysian players and offer high quality, safe online gaming. Place your bets, choose the most suitable events and odds among the offers of several dozen online bookmakers in Malaysia. For more information, check out our reviews of the best online sports betting sites for Malaysian players.
Malaysia gambling laws
Online gambling laws in Malaysia prohibit operators of being active in the Asian country. The Malaysian government does not grant licenses to allow operators in the country and tries to ensure that Malaysian players cannot use overseas portals. Internet cafe owners can be held liable for allowing their customers to access online casino sites for football betting and slots fun.
That’s why, when using offshore online sports betting sites, players from Malaysia prefer to use mobile bookmakers. Operators that have mobile versions of the sites. In general, the best option for local Malaysian players is to avoid internet cafes as well as Asian online sports betting sites.
Also, Malaysian banks are prohibited from making money transfers to online gambling sites. In any case, this rule is not strictly controlled, and Malaysian gamblers who want to play on the Internet find ways to get around this ban. Moreover, some of the largest international operators even offer their services in Malay Ringgit MYR currency.
The Common Gaming Houses Act 1953 and the Betting Act of 1953 criminalize gambling, or even participation in it. Malaysia’s Sharia-based laws apply to the Muslim population (about 60%). Please note that on the basis of these laws, foreign Muslims who visit casinos can also be arrested (there are cases of criminal prosecution of Muslim citizens of Pakistan and Indonesia). Under the Common Gambling Houses Act 1953, individuals who visit casinos are liable to a fine equivalent to several thousand dollars or 6 months’ imprisonment.
How to Make a Deposit for online betting Malaysia
Since online gambling is illegal in Malaysia, players need to find limited options when depositing to an offshore online sportsbook or casino. One thing is for sure, that credit cards and bank ewire transfers are out of the question since bank establishments block gambling transactions.
This means that the best options are e-wallets. That’s how players can transfer funds from their bank account or their credit card first to their e-wallet and from there to make their payments. The most commonly used epayment services are Skrill and Neteller. Malaysian players will have to convert your MYR to EUR or USD or GBP in order to make a deposit, unless they visit a provider that accepts MYR.
Other options are EntroPay and PayPal. EntroPay allows you to make payments using USD while PayPal allows a wide variety of currencies. Selected sportsbooks may even allow you to deposit using bitcoin or other forms of cryptocurrencies. For example bitcoins. Since you purchase your bitcoin you will be able to transfer some to your sportsbook account. Then your bitcoin is automatically converted into MYR or the currency of your choice to use on the website.
- Paypal is one of the most popular money transfer services in the world and is also the first choice for many people who place bets in online casinos, and sports betting Malaysia is no exception. Almost any Malaysia betting site allows you to easily make fast and secure payments so that you always stay in the game.
- Skrill is another very popular Malaysia banking option. This is also an e-wallet that has had an excellent reputation since 2000. Skrill allows punters to be anonymous, secure and conveniently move money across accounts with different bookmakers.
- Neteller a Paysafe Group brand, which also owns Skrill, so it comes with the same guarantees on security and reputation. It is also available by almost every Malaysia betting site.
- Bitcoin – One of the most recent additions to betting website’s banking options. It is a cryptocurrency, which is currently trending among the majority of bookmakers. With it, managing your sports betting in Malaysia account will be very fast and secure.
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Casinos and slot machines in Malaysia
In Malaysia, as an exception, there are several casinos operating at the Genting Highlands Resort. The main gaming spaces are Genting Casino and SkyCasino. Players can find a truly luxurious world-class casino there, hundreds of gaming tables and several thousand slot machines. It is a fairly large and frequently visited establishment. They are the only places in the country where Malays can legally play poker and other table card games. This situation has led to difficulties for the operation of underground casinos and sports betting, which the Malaysian government constantly fights against.
In addition, a unique project of the cruise ship-casino Crusino is in Malaysia. Construction will cost at least $ 560 million (estimates are in the region of $ 600-650 million). The vessel operates since the spring of 2017.
Previously, along with casinos, there were slot machines with computer games such as electronic horse racing in Malaysia. However, in 2000, these small gambling halls were closed by a government decision, as they have a negative impact on the country’s younger generation.
Mobile Betting Options
For players regularly on the go, there is always the option of placing bets via their mobile devices. And since most gambling sites offer mobile betting and some exclusive promotional offers for mobile punters. Some sites offer a dedicated mobile app for placing sports bets. Note that due to the legal situation in Malaysia, we recommend that you avoid placing bets in internet cafes or over public Wi-Fi. If you choose to use public Wi-Fi or an internet cafe, do so using a VPN.
Are Gambling Winnings Taxed in Malaysia?
No, winnings from betting online in Malaysia are not subject to any tax. None of the official state-sanctioned casinos or lotteries require winners to pay tax, however, the companies who operate them do.
Is Sports Betting in Malaysia Legal?
The Common Gaming Houses Act 1953 and the Betting Act of 1953 criminalize gambling, or even participation in it. Malaysia’s Sharia-based laws apply to the Muslim population (about 60%). Please note that on the basis of these laws, foreign Muslims who visit casinos can also be arrested!