Residents in Singapore know how strict their laws are, especially when it comes to gambling. In fact, gambling in public is illegal, which is why there are no casinos in the small sovereignty. However, even if conventional gambling is prohibited, there are still ways that you can get your gambling fix, especially if you want to make a sportsbet.
There is a couple of government-licensed bookmakers in operation in Singapore. However, they are not quite as effective as those in other countries, but more on that later.
What sports can you bet on?
If you are new to sports betting, you probably have no idea what kinds of sports you can legally bet on in Singapore, and if you found out, then you might be a bit disappointed.
The only sports that the few bookmaking companies do take bets on are football (soccer for those of you in the West), tennis, cricket, basketball, and only recently, e-sports; and even with that, you can only participate in Singapore pools. Although these are popular sports, there are many more that were left out, like boxing and MMA.
How much can you expect to win?
There really is no set amount that you can win when you are gambling anywhere in the world. However, when you make a sportsbet in Singapore, you can only join in the local betting pools where there are fewer participants, which usually also means a smaller pot.
However, there are times when big bettors do step into the pool, which makes the prize pool a bit bigger. But the times that this happens are few and far in between.
Online betting in Singapore is not all that bad though. The thing about gaming in Singapore is that your winnings are not taxable as they are considered “windfall”, and thus not considered as your income.
Is There Any Other Way to Bet on Sports?
It is a good thing that you are not locked or forced into using only the local bookmaking services. There are lots of online bookie services that you can choose from, and they are all legal because they operate offshore.
Another reason why you should consider using these online betting platforms is that they are quite easy to use. In addition, you have a myriad of sporting events that you can choose from, and you can also choose which pool to join. This means you can potentially walk away with significantly larger winnings.
Even though gambling is illegal in Singapore, it does not mean that there is no way that you can experience the thrill and excitement that comes with making a sportsbet.
Although there is a couple of local betting platforms that legally operate in Singapore, there are other online platforms that you can choose to use that offers more in terms of freedom of choice. With these online betting platforms, you can choose from any sport you like, from anywhere in the world.