Everything You Should Know About Esports betting Singapore in 2022.
Esports betting has seen a boost in popularity in recent years, owing to a growing interest among the global youth population in professional video gaming betting. Interested players can register and play through bookmaker sites in other countries, even though Singapore does not have a regulated sports betting sector.
Many of these online bookmakers allow Singaporeans to sign up for their services. But, more importantly, many of these websites accept Singapore dollar transactions, making it simple to register and play on these platforms.
This article will go over all you need to know about esports live betting, the esports betting market, its perks, and more.
What is Esports betting Singapore?
Even though it is still relatively new, betting on Esports has seen a significant surge. Esports is already a competitive activity in and of itself; however, when money involves, things can get dire.
There are numerous esports betting platforms where fans of the sport can place bets on their favorites teams. Furthermore, online casinos have added esports betting to their sites, making them even handier for gamblers who want to play all of their favorites games in one place.
People can gamble from wherever they are because most online casino games now offer mobile apps.
Millions of people around the world follow and watch esports betting competitions. According to Newzoo, 380 million people worldwide watch Esports, with 165 million frequent viewers and Esports enthusiasts from China, South Korea, and North America.
How to bet on Esports Singapore in 2022?
There is no way to access an internet gambling website from Singapore without the government being notified. Even if you can gain access for a few days, it is almost certain that you or the operator will discover.
And as previously said, Singapore takes a very different approach to gamble lawbreaking than other countries.
You are punishing together with the team you were a part of. The penalty can range from a minor fee to actual jail time. As a result, its generally advise that you avoid esports betting in Singapore.
However, if you are dedicated and genuinely want to bet on your favorites team, a reliable VPN is required. Therefore, it’s best to choose an IP address with favorable regulations.
It is suitable to have a UK address because of the more complete rules and corporate compliance. Using UK-regulated organizations is the best option to wager on Esports from Singapore. It’s hard to believe this language exists, yet it’s how the government wants to run its businesses. All we can do now is figure out how to get around it. You can then link your e-wallet to your personal account or debit card, make your initial deposit, and begin playing after selecting your preferred payment method.
Live Streaming of Esports
When it comes to Esports, live streaming is highly useful, just like it is in other sports. It’s exciting and helpful to be able to wager on and watch competitions at the same time. Many Esports betting sites are now following in the footsteps of platforms like Twitch and YouTube, which regularly broadcast matches live. Some feeds also provide commentary.
Exceptions to Online Betting in Singapore
For Esports betting to authorize in Singapore, one of its exemption firms must first provide it. A trustworthy corporation licensed by the government to conduct online gambling services is an exception.
This was prompted by a 2016 legislation that saw the country’s online gaming industry become regulated. Only two companies in Singapore get permission to operate: Singapore Turf Club and Singapore Pools.
On the other hand, Esports betting fans will have to wait a little longer because the two providers only offer football betting, 4D lottery, horse race betting, Toto lottery, and motor racing bets.
Is it possible to bet with cryptocurrency?
Cryptocurrency is gradually becoming one of the most popular and effective methods of financing in our society, and this includes sports betting on sites that take cryptocurrency! you can place bets and wagers on your favorite sports using cryptocurrency like bitcoin.
These Are Singapore’s Most Popular Esports Games Right Now
In Singapore, the online Esports betting industry has betting experience from a recent surge in growth. Call of Duty, FIFA, Halo, Fortnite Battle Royale, Counter-Strike: Global Offensive, Heroes of the Storm, Player Unknown’s Battlegrounds, Rocket League, Overwatch, Hearthstone, Starcraft II, Pro Evolution Soccer, and World of Warcraft have all piqued Singaporeans’ attention.
Though new games attract Singaporeans’ attention, the esports events mentioned above are now quite popular among online gambling lovers.
Singapore’s Top and favourite Esports to Bet On
While hundreds of popular video games are professionally played, not all of them are available for wagering. There are a few titles that both bookies and punters are famous in. Let’s take a look at some of the top Esports betting options:
Counter-Strike: Global Offensive Betting on Esports
Valve’s CS: GO is a multiplayer first-person shooter game. CS: GO was released in August 2012 as the fourth instalment in the enormously popular Counter-Strike series. The game comprises qualifying two teams of terrorists and counter-terrorists rescuing captives and defusing bombs.
League of Legends
League of Legends is another popular game. Riot Games created the game, which was released in 2009. Esports betting in League of Legends involves betting on games with ten players in a 5v5 format. Each player is in charge of a “champion” with special abilities.
Esports betting on Dota 2
Dota 2 was published in 2013 as a sequel to Defense of the Ancients. Dota 2 has a thriving Esports scene, with the Dota Pro Circuit at the helm. The International is another Dota 2 tournament with a prize pool of nearly $40 million, making it the largest in Esports history.
Call of Duty: Modern Warfare
Call of Duty was first released in 2003 by Activision, and it has since spawned a slew of sequels. The first-person shooter game has sold over 400 million copies worldwide, indicating its widespread appeal. The Call of Duty League, which featured the top organizations from North America, started Call of Duty Esports in 2006.
Esports betting on FIFA
FIFA is the most popular sports video game on the planet. Every year, EA Sports releases a new game. The initial edition of the game was released in 1993, and it was available on PlayStation, Xbox, and PC. The FIFA Global Series includes the FIFA World Cup.
FAQs
Is Esports Betting Legal in Singapore?
There are no formal rules governing Esports betting in Singapore. Due to the fact that sports betting is banned in Singapore, bettors must sign up with offshore esports bookmakers.
What is the best way to win an esports tournament betting?
There are certain betting tips that gamblers can follow to improve their chances of winning an Esports wager. The first and most crucial is that you should not rely on just one betting website, so having a list of trusted and trustworthy Esports betting locations is always a good idea.
Aside from that, you need to look at some statistical data to get betting tips on what you should bet.
Conclusion
Singapore’s Esports industry has significantly benefited from government support. It has become trendy among the country’s gaming community in recent years. The Singapore Sports Hub built a state-of-the-art facility for local gamers to prepare for contests.
So, the country has viewed Esports as a legitimate sport. However, Esports betting isn’t precisely legal in Singapore when it comes to gambling. As a result, Singaporeans cannot access online Esports betting sites without discovering by authorities.
If caught gambling, you may face fines or jail time. Not only that, but the website that provides the gaming services will also prosecute. Thousands of gamblers use VPNs to access Esports betting sites from different countries.