Horse Racing Betting in Singapore
In Singapore they have only a single government approved bookmaker. This is Singapore Pools which offers betting on football and Formula 1 racing. Although they are popular their odds leave a lot to be desired. At the time I’m writing this article, they have odds on a football match between Getafe and Valencia of Home 4.10 Draw 3.60 Away 1.65. For the same match I can find Getafe 5.00 Draw 3.85 Valencia 1.78 using internet betting sites.
As I will explain in this article this is not an isolated case. It doesn’t matter if we are looking at S.League, English Premier League, La Liga, Serie A, Bundesliga, or any other football league – online bookies have better odds. In this article I will discuss internet betting in-depth, starting with choosing an online bookie.
Singapore Dollar (SGD) Bookies
When betting online it is important to choose a website that is well regulated and that supports Singapore dollar (SGD). The international online bookmaker 1xBET meets the requirements and is among the most respected bookmakers for sports and horse racing in the gambling industry.
Previously players in Singapore could use 100s of online betting sites. However, with recent regulatory changes, our options are now more limited. The sites listed above are currently the top choices. The support local deposit options, have both English and Chinese languages and offer good odds on a huge number of markets.
Is Online Betting Legal?
There are many different laws that regulate gambling in Singapore. These include the Betting Act and the Common Gaming Houses Act both which were drafted before the internet existed. In 2010, parliament amended the Casino Control Act, but did not specifically mention online gambling or betting.
This has created a unique situation. If someone were to travel abroad and make a bet in a local bookmaker overseas, this would obviously be legal. So if I use that same bookmaker’s website is that too legal? Because there is no specific mention of this in our country’s laws, this question remains something of a grey area.
So what exactly do our laws say about online gaming? The truth as addressed by the Singapore Business Review is not much. Certain elements of our laws have been used against businesses (for example: internet gambling cafés). However, no player has ever been arrested or fined for betting online in Singapore when using legal online bookies from the UK, Philippines or any other overseas jurisdiction. Also, the way online deposits and payouts work, no one will ever know what your money is being used for.
How to Deposit and Get Paid
An account with a foreign bookie works very similarly to those offered by Singapore Pools. With online bookies you however only need to be age 18, as opposed to 21 with SG Pools. You can open an account in minutes just by filling out a simple form on the website’s registration page. The part that is the same is that you need an account balance to bet.
While we once had access to Skrill, Neteller and other ewallet services, now our options for funding an account are more restricted. However, there are still plenty of easy to use choices. The most popular way to deposit online is still credit and debit cards. These can be used at every site that currently takes Singapore players. Visa, Mastercard and American Express cards all work. Unionpay has more limited support but can still be used at a select number of Singapore betting sites.
Another option that is becoming more and more popular is Bitcoin. While other cryptocurrencies such as Litecoin, Dogecoin and Ethereum can also be used, Bitcoin is still the market leader by a long way and is accepted by nearly all betting sites that take Singapore users.
Webmoney, OKPay, Payeer and Perfect Money are also options though you will have much more success using a credit or debit card or Bitcoins.
Horse Racing Singapore
Best Bet: Race 3 – 1 Salvador