Malaysia Gambling Law
- The legal situation in Malaysia surrounding the issue of gambling and sports betting is very interesting. To begin, Sharia Law which governs the Muslim community, or about 60% of the population of Malaysia, dictates that gambling of any kind is illegal. Hence if you are here reading this and are Muslim, know that gambling of any kind.
- We would like to acknowledge the Coast Salish People of the Songhees and Esquimalt Nations for their gracious hospitality. It is an honour and a distinct pleasure to work within their traditional territory.
Act 289 common gaming houses act 1953 incorporating all amendments up to 1 january 2006 published by the commissioner of law revision, malaysia under the authority of the revision of laws act 1968 in collaboration with percetakan nasional malaysia bhd 2006.
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).
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:
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.
Gambling Laws In Malaysia
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
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.
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.
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Malaysia is one among the largest gaming hub, if you like Malaysia online gambling then check our website we offer different types of betting games. Over the years the craze of online gambling is increased considerably this has given rise to many online casinos. Don’t you worry gambling is legal and upfront cash is taken which is an advantage for the betters who worry that they will be drowned.
We are living in 21st century and we no longer need to go out and look for casinos for gambling thanks to the online casinos and gambling websites. All you need to do is find a reputed gambling website and you can start gambling instantly. Malaysia gambling websites have taken online casino experience to a whole new level. All you need is a system or smart phone with internet connection and you can start playing.
Online gambling is fascinating and hence attracts many people. In Malaysia you will find tons of online casino websites few are really good. Whether you like sports betting or betting or betting on horse you name it and we have it, the entire gaming process is quite entertaining, fascinating and convenient. Best part is you can enjoy it from anywhere anytime. You can enjoy playing your game in your comfort zone you don’t have to worry about crowdie casinos, smoky atmosphere and loud music etc which are common when you visit virtual gambling platforms. Online casinos are preferred by most of the gamblers as there are multiple trusted gambling websites which offer safe betting, better user friendly experience for its members.
As per the remote gambling act which was implemented in 2014 legal permission is given to Malaysians they can take part in all types of remote gambling. So, in remote gambling one can gamble through phone, TV and other types of technology. If you are choosing Malaysia online gambling casino ensure that the casino is in compliance with all rules and regulations set by the law. One needs to be careful in choosing online casino which is reliable and trusted online casino and follows all norms.
When it comes to online casinos there are few features that are associated with these types of websites, it’s important for you to look for these common qualities before choosing an online casino. User friendly smooth features and high responsiveness are two aspects that one needs to check before staring Malaysia gambling online. For an enthralling and amazing experience online casinos use advance software’s which makes your game experience enjoyable. Few other qualities online casinos provide are high percentage of winnings, 24/7 customer support team, safer transactions, features like live odds, more number of games, mobile slots, etc, makes your gaming experience very entertaining, enjoyable, legal and safe.
Want to play online casino and gambling Malaysia? Research well as it is the key to an amazing gaming experience. There are many casinos that ensure that your experience is exciting and dynamic. Live odds help you make best decisions and it supports you too. Whether you are looking for table games, lottery, sports gambling, and betting you name it and you get it in virtual world of casinos.
Frequently Asked Questions About Online Gambling in Malaysia
If you want to play casino games online, you don’t have to visit a traditional casino. Best Singaporean online casinos allow you to gamble anywhere without worrying about any time constraints. You just have to use a computer or smartphone with an internet connection. After completing the signup process, you can choose your favorite game and start playing. Gambling can be done at your own pace and in a convenient and comfortable way.
For playing casino games online, you need to register with a licensed gambling website Singapore. A username and password must be created for the registration. Other details to be entered on the online form are currency name, bank number, email, mobile number and bank address. Payment can be made using safe and reliable encryption technology if you choose CM2BET. You can login using the username and password to start playing immediately.
If you choose the best online gambling Singapore platforms like CM2BET, you can come across a wide variety of games including CMD368, 918Kiss, EzGo123, M8Bet, WinningPT, Joker, iGKbet, Live Roulette, Live Baccarat, Live Blackjack, Live Casino Hold’em, SCR888 and many more. You can also depend on CM2BET for horse betting and sports betting. The live odds shown at our site can be used to make informed betting decisions.
This is very common question that many people are searching to find an answer, especially beginners. When you register with a casino online Singapore and start playing, you cannot expect to win money immediately. It does not matter whether you are playing table games or sports betting, you need a fair amount of luck to win big prizes consistently and even jackpots. In addition to luck, you must design a solid strategy to increase your winning chances
No; casino winnings in Singapore are not taxable. You don’t need to pay any tax for your winnings. The tax liability is applied only for income received in Singapore. In other words, you have to pay tax on income you get locally. There are no capital gains taxes in Singapore. Casino winnings received overseas or locally are considered capital gains and taxation does not apply to them.
If you identify a reliable online casino like CM2BET, you can deposit and withdraw money in a safe manner. Flexible payment options are available and you can choose a convenient option from credit/debit card payment, online transaction, bank transfer and more. Winning are deposited on your account in a timely manner. You can withdraw winnings fast without worrying about any time constraints.
Malaysia Gambling Laws
Casinos offer a broad range of bonuses to attract customers. These schemes can be termed as a part of promotional campaigns. Top casinos offer welcome bonuses, birthday bonuses, cash back offers, introduce a friend rewards, special insurance offers and more. Players can make use of these opportunities to start playing without any extra financial burden.