Which are the best sportsbook that provides a better betting experience for Singapore players? Read on to find more about Singapore pools sports betting slip.
The Asian culture is packed with various superstitions and luck motives that can impact the manner in which luck works. Singapore isn’t an exception to this, and as a result, betting in Singapore is a very active market today. Therefore, it was natural for both offline and online gambling to grow in this region until 2014. Back then, there was no law to govern or restrict the scene. Nevertheless, Singapore’s Remote Gambling Act and the Common Gaming Houses Act enacted in 2016 changed almost everything. The entire online sports betting scene in Singapore only features the Singapore Turf Club and the Singapore Poles alongside a few licensed and regulated land-based casinos.
Singapore betting laws crediting the monopoly of the Singapore pools has resulted in lower betting odds. Essentially, this has pushed online bettors to wager on offshore sports betting sites despite the possible $5000 fine or spends a maximum of 6 months in jail. Although it might seem harsh, these measures are focused on people gambling in public, and there’s no Singaporean who has ever been prosecuted for betting online. Moreover, ex-pats living in Singapore are allowed to use offshore betting sites. Expats don’t need to worry about any legal consequences.
Things you need to know about betting in Singapore
- To be allowed to gamble at Singapore pools, bettors should be 21 years and above
- Two regulated casinos, Sentosa and Marina, allow foreigners to play for free. However, Singapore bettors should pay 100 SGD every day or 2000 SGD every year.
- Unlicensed and regulated sportsbooks aren’t declared illegal, but Internet service providers usually block most of them.
- eNets is Singapore’s most popular payment processor
- The Singapore pools began their activities in 2016 and were followed by the Singapore Turf Club in November 2016.
Singapore Sports Betting
Essentially, the Singaporean betting industry, as mentioned previously, is mainly dominated by the Singapore pools, which offer low odds and limited betting offers. For this reason, there are many foreign sports betting sites, which have entered the Singapore betting market, largely capitalizing on the demand for Singapore bettors for betting markets and competitive odds. Finally, there are scam gambling sites that Singaporean bettors should avoid.
Singapore pool is the main licensed gambling operator in Singapore to deliver betting mainly on motor racing and football. To create an account and enjoy the best betting odds, you need Singapore sports betting slip. Keep in mind that you must be a resident of Singapore, or if you’re a foreigner, you must have a Foreign Identification Number. Also, you must be at least 21 years old and in possession of a local address. However, these Singapore pools have slightly low opening odds, lower than the international sportsbook online offer. Overall, the Singapore pool odds for soccer betting are the most appealing; there is no welcome bonus or other bonuses to boost your betting experience. Furthermore, suppose you’re looking to enjoy some amazing casino games or poker on the side. In that case, such isn’t available at the Singapore pools.
Unlike the Singapore pools, the offshore sportsbook offer is a perfect oasis for Singapore bettors. With the minimum age being 18 years to open an account and the wide range of betting offers and better odds, offshore betting websites are a better option.
For instance, 1xbet welcomes its bettors with a 100% welcome bonus. It offers the punters a heft offer for the Asian handicap bets on football, beginning with League and other international competitions. Moreover, you can also enjoy a wide range of casino games, virtual sports, and letters at 1xBet.
Also, 22Bet comes with a great welcome bonus of about 100% for the new players and hundreds of betting markets on all the 44 sports they host. A wide variety of Asian handicap bets is available for all bettors in Singapore, and bettors can expect better odds and other perks to increase their winning opportunities.
Illegal betting sites
With the strict gambling laws and regulations that have been drafted in Singapore, the number of illegal betting sites in Singapore has increased dramatically. There are many sites that operate via the local agents and also work in credits. These sites don’t own any license and aren’t regulated. As a result, they are very risky to choose the best place to place your wagers. Besides the risk of not getting paid or even getting manipulated, there is always a risk of going to prison or a hefty fine. Although IPS often blocks illegal betting sites, these might find ways of functioning via proxy servers and mirrors.
Online Singapore football betting
Soccer is the most popular sport that Singapore bettors focus on with regards to sports betting. The online football betting Singapore pools only offer a few markets, and the betting odds are lower than even what some of the poor offshore betting sites will have. In this section, we’ll discuss the football betting Singapore pools offers and compare them.
Singapore Football Odds
Let’s start this section by discussing the Singapore football odds. With a local bookmaker, the Singapore pools enjoy lots of monopoly offer the betting market; they don’t have an issue in having low odds. Its lack of competition, which makes this betting pool have very low betting odds.
Another vital decision points towards offshore sports betting sites, which come with great odds. Although Singapore pools feature European odds, the offshore betting sites also come with fractional betting odds and even Indo or Malay odds.
Asia Handicap & market
As we continue our comparison, we’ll focus on different betting markets and the Asian handicap bets. Utilizing the same soccer match as the example, we found out that although Singapore pools only provide one over/under 2.5 markets, competitors such as 22Bet have over ten over/under betting lines. This situation doesn’t improve if you look at the Asian handicap market. The Singapore pools still offer one market, although 22Bet offers ten betting lines per club.
If you take a closer look and examine the entire situation, this trend continues. Some of the betting markets you’ll find at the Singapore pools include:
- Halftime PTS
- Halftime 1×2
- Total goals even/odd
- Team to score the first goal
- Total goals
- Pick the score
- Fulltime – halftime
- ½ goal
- Asian handicap
However, we don’t have to list all the betting markets provided by offshore sportsbook because they are so many these articles will be endless. There are numerous markets to choose from, both in-play and pre-match.
If you’re looking at the best soccer leagues Singapore pool bettor can wager on; you cannot fail to notice the few options. In this case, we have:
- Europa league
- UEFA champions league
- Japanese –J league
- Swedish Allsvenskan
- Holland Eredivisie
- French Ligue 1
- Italian Serie A
- German Bundesliga
- English premier league
- The domestic S League
To perfectly determine the main differences between offshore sportsbooks and SG Pools, we want to turn it into a real-life situation. You cannot compare the live bets offered by offshore betting sites to those provided by SG Pools. The best offshore betting sites offer numerous live betting options as compared to those of SG Pools.
Besides the incredible advantage towards offshore bookmakers with regards to live sports betting, brands such as 22Bet and 1xBet also offer hundreds of live-streamed sports events and services such as speed bet and cash out. The cash out was well received by punters from around the world.
Singapore Gambling – How To Cash Out And Deposit
With regards to payment methods, the scenario in Singapore is pretty simple. However, most online sportsbooks accept gamblers from Singapore that aren’t delivering the perfect payment method. It’s important to take note of the fact that most sportsbooks accept Asian players stick to bank wire transfers only.
eNets one of the most popular banking methods in Singapore. eNets is owned and managed by the most powerful banks in Singapore, including UOB, OCBC Bank, and the DBS Bank. This payment processor allows bettors to pay using debit and credit cards using JCB, AMEX, MasterCard, Visa, or direct debit through banks mentioned above and Citibank. Technically speaking, there’s a great chance that you will not even realize that you have used eNets before, because in most cases, the banking page only shows the bank transfer and traditional credit card symbols. The least you can deposit using eNet is SGD 25. The only drawback with this payment processor is that it’s not good for cashouts.
This is an international wallet, making it easier for bettors to deposit at offshore sports betting sites. In the same way as skrill, Singapore bettors can use Sticpay via eNets through the local bank. Bettors can easily open an account in Singapore dollars and cash out funds from Sticpay to your account. It takes less than 6 hours for your credits to reach your account with a fee of between 2% and 2.5%.
Neteller and Skrill
As one of the highly popular payment methods, skrill is available to Singapore players. You can create an account in USD and SGD and top up your account using eNet. Also, there’s a small fee of about 0.9% if you add extra money to your account, and for cashouts, you can issue the skrill prepared MasterCard and cash out at your local ATM. However, Neteller cannot be used on all sportsbooks for Singapore bettors. Although it supports Singapore dollars, you’ll only deposit through Neteller in a few bookies.
Other payment methods
Many sportsbooks are focusing on the Malaysian and Singapore markets, which offer direct bank transfer methods through financial companies in the area such as POSB, Maybank, HSBC, DBS, Am Bank, or Affin Bank. More importantly, there is an increased safety level when using the wire transfer. Although alternatives such as UnionPay, Payeer, Paypal, WebMoney, or bitcoin, all these options are available for players who cannot find other ideal payment options.
Online sports betting in Singapore FAQ
Can I register for a Singapore pool online account?
Yes, you can sign up at Singapore pool if you’re a Singaporean living in Singapore. However, you cannot open an account if you don’t live in Singapore. Regardless of whether you are a Singaporean, you cannot access the Singapore pool from broad.
Do punters pay tax from their winnings?
No, winnings from sports betting aren’t taxed, both in land-based casinos or Singapore pools. Nevertheless, with reference to the Casino Control Act, all Singapore residents are required to pay SGD 100 every day.
Is Bet365 available to Singapore players?
Those interested in the Bet365 online legit Singapore won’t be happy to know that the sportsbook has recently stopped accepting Singapore bettors. This means Singapore players cant open new real money accounts. There are many top-notch sportsbooks that accept punters from Singapore; you can check out 1xBet for an incredible betting experience.
Can you play casinos online in Singapore?
If you’re bored of betting on sports and want to have some fun playing casino games such as blackjack, poker, table games, or slots, the local offers available are very limited. No regulated or licensed offers casino games so if you’re looking to play, you must choose from the available offshore casinos or travel to the available land-based establishments including Marina Bay Sands or Sentosa Casino.
Again your gambling solution will come from offshore casino sites accepting Singapore players. Besides offering some of the newest casino games, you can also enjoy live dealer games, progressive jackpots, table games, and online slots. Not to mention you can claim lucrative casino bonuses.