Every year in this country, an estimated amount of MYR 4 billion or $1.2 billion is wagered in sports. 90 percent of this total is wagered on football alone. This is despite the strict laws prohibiting Malaysia sports betting both online and offline.
If you’re in Malaysia, whether you’re a local or a tourist, and regardless of your religious affiliation, if you’d like to try betting on sports, it’s important to take precautions. You must be aware that there are several laws that apply to restrict and penalize gambling: First is Sharia law which applies to Muslim people. Second is the Betting Act 1953 which only allows licensed companies to operate. And third, the Common Gaming House Act 1953 which generalizes and restricts playing any form of game for money or money’s worth. It certainly makes your gambling chances seem bleak, but don’t give up just yet.
There are, of course, underground betting houses. There are only two reasons why you’d want get into these. One, you’re brave, or Two you didn’t read this guide. Seriously, there’s enough risk to be had in gambling, so you probably don’t want to bet on these places.
One practical way of enjoying a good game without looking over your shoulder every ten seconds is opting for online betting platforms. Something like Netflix, but for gambling.
How is online sports betting any safer?
The laws apply only within the jurisdiction of Malaysian government. This is where overseas sportsbook companies and websites come in to help. The first step to start betting online is to find a legitimate site. It requires a bit of research, but what you want to find is a sportsbook site that is licensed by the authority in the area e. g. PAGCOR in the Philippines.
How do I start?
It’s easy to get too excited and jump in to online sports betting. But these are the important things you need to consider first.
- Account Security – Some administrators give predefined password for your newly enrolled account. This can render your account vulnerable. Place your bet somewhere else.
- Fund Protection – Make sure there is a genuine tool for safe transfer of funds.
- Terms and Agreements – We’re all guilty of this. It’s too long and boring. But this is part of your responsibility as a user. If the site doesn’t offer its terms, you can’t trust it.
- User Friendly Interface – Does it look like Netflix for gambling or more like a hodgepodge of buttons and banners? Don’t settle for eyesores.
- Rewards – Many sportsbook sites offer welcome bonuses for new customers. Feel free to take advantage of that.
- Inclusivity – Not all sites accept players from certain locations. You don’t want to waste your time enrolling only to find out that you cannot play.
This guide only covers the basics of starting your journey to a safe, convenient, and legal way to betting on your favorite sports online in Malaysia. I wish you the best of luck, and remember to play in moderation.