The Best Malaysia Betting Sites 2020
Online sports betting is very popular in Malaysia, with the majority of bettors placing bets on major football leagues (EPL, LaLiga etc) and events (UEFA Euro Cup 2020). The site we recommend strongly is AFBCash, as they are operating for more than 15 years, which signifies their credibility. Moreover, the AFBCash also provides a better all-round sports betting experience as they provide odds from 4 different sportsbook and have adapted to the mobile platform.
Why Sports Betting Online?
The reason that so many turn to online sports betting despite its legal standing is due to the lack of options in the legal market as much of the nation is subject to strict Muslim Sharia law.
This however, dose not limit sports betting sites from other countries, such websites offer punters options for betting with one of the best odds you can find anywhere. Many sportsbooks support Asian odds and have a wide variety of bets including parlays, teasers, head-to-head bets, straight bets, moneyline bets and others.
Before you start, remember to check out the promotions on betting site for exclusive offers(especially new player offers). Many offer welcome and first-deposit bonuses, typically with a 100 percent match. If you deposit RM50, you will get RM100 to start betting. Terms and conditions apply, so make sure to check the details
Is Sports Betting Legal in Malaysia?
Unfortunately, online sports betting is presently illegal in Malaysia. The penalties vary depending on which law you’re subject to. For about the non-Muslim populations, it is only legal to bet in live casinos and the only form of sports betting allowed is parimutuel horse racing.
However, the Muslim population of Malaysia is subject to Sharia law that prohibits gambling, you will face a fine of up to RM3,000 and a potential prison.
The Malaysian government is serious about cracking down on “illegal gambling,” but it is focusing efforts on betting houses and bookies, not on bettors. If you plan to place bets on online sportsbooks, odds are you will be left alone provided you exercise caution with your betting, such as doing so over VPN.
What are Popular Sports to Bet on In Malaysia?
Football is easily the most popular sport to bet in Malaysia. The Super League, Premier League, Malaysia Cup and FA Cup receive tons of action. There’s also plenty of betting on the UEFA Champions League, La Liga, Serie A, Bundesliga and the FIFA World Cup.
Outside of football, Malaysians bet a wide variety of sports. Basketball is popular, with the Malaysia Dragons of the ASEAN Basketball League (ABL) being a favorite team to bet. Another popular option is Badminton, as it is somewhat of a national sports in Malaysia.
Currently, due to the rise of e-sports, e-sports betting on Dota2, CS:GO, LOL and others have also come to the main scene in the betting market.
Do Bettors Have to Pay Taxes on their Winnings?
Malaysia is a betting paradise as the law dose not tax the bettor winnings, the bookies have to pay 25% of their earnings as tax. Hence, betting in Malaysia gives bettor an edge as you can be rest assured to enjoy 100% of the winnings.
How to Deposit & Withdraw ?
With online gambling being illegal in Malaysia, you’re going to find your options limited when depositing to any sportsbook.
However, seasonal gambling site operators always have a secure method to help their customers on depositing and withdrawing. Selected sportsbooks may even allow you to deposit using bitcoin or other forms of cryptocurrencies.
There are some secure payment gateways that are specially made for the betting industry in South East Asia, one of which is help2pay.
Mobile Betting Options
As we are further moving towards a mobile eccentric world, some betting websites offers mobile applications and mobile websites for bettors.
Note that due to the legal climate in Malaysia, we recommend that you avoid placing bets in internet cafes or over public Wi-Fi. If you choose to use public Wi-Fi or an internet cafe, please do so over a VPN.