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Malaysia Online Betting

For Malay version click here – Klik di sini untuk versi Bahasa Malaysia

Like many other Asian countries, Malaysia has a passion for different types of wagering, including sports betting. Malaysian residents regularly bet on the biggest sporting events from around the world.

We have researched everything you need to know about online betting in Malaysia. If you are looking for the best betting sites, we’ve got you covered. We also cover the latest gambling laws and discuss the most popular sports for betting in Malaysia.

Best Betting Sites in Malaysia – December 2022

4.5/5
Rated by 370 users
Claimed by 384 people this week
20% Up To $200
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

Skrill
Neteller

Average Payout Speed

0 – 24 Hours

Currencies

  • CNY
  • EUR
  • IDR
  • Accepts most Asian currencies
  • Markets tailored for Asian punters
  • Trusted brand part of The Mansion Group
  • Odds are not as good as other bookmakers
  • Support was mostly unhelpful
4.63/5
Rated by 412 users
Claimed by 330 people this week
150% up to RM450
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

Astropay
Diners club international
Eco
ezpay
gocash88
Maestro
Master Card
+6

Average Payout Speed

0 – 24 Hours

Currencies

  • EUR
  • GBP
  • IDR
  • Leading online betting site in Asia
  • Accepts deposits in several currencies
  • Website available in lots of languages
  • Nice promotions and VIP scheme
  • Website needs a makeover
  • Rollover is very high on deposit bonus
4.65/5
Rated by 613 users
Claimed by 265 people this week
100% up to €100
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

Astropay
Bank Wire
Bitcoin
Boku
EcoPayz
ePay
Euteller
+19

Average Payout Speed

0 – 24 Hours

Currencies

  • AUD
  • AZN
  • BDT
  • Over 1000 daily sports events
  • Dedicated smartphone apps
  • Live streaming on site
  • Cashier supports many currencies
  • Long list of payment methods
  • Design is convoluted and outdated
4.5/5
Rated by 325 users
Claimed by 288 people this week
Up to 100% Welcome Bonus
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

Bank Transfer
Bitcoin
Tether
eWallet
Ethereum

Average Payout Speed

0 – 24 Hours

Currencies

  • USDT
  • USD
  • IDR
  • 24-hour Neteller withdrawals
  • Deposit with several cryptocurrencies
  • Native mobile app available to download
  • Live streaming service available
  • Fewer sports than other bookies
  • Restricted in several countries
4.79/5
Rated by 671 users
Claimed by 223 people this week
100% up to €122
Terms and conditions: Register and deposit at least €1. Get 100% matched bonus, up to €122. Bonus amount must be wagered 5x via accumulator bets. Min 3+ selection, min odds 1.40. Rollover must be completed within seven days. Withdrawals unavailable until rollover completed. – Terms apply
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Payment Options

Neteller
Skrill
Siru

Average Payout Speed

0 – 24 Hours

Currencies

  • EUR
  • USD
  • AED
  • Available in over 30 languages
  • Over 1000 events offered every day
  • Extensive list of banking methods
  • 24/7 customer service support
  • Cryptocurrency accepted
  • Lack of live streaming
4.5/5
Rated by 415 users
Claimed by 150 people this week
100% up to €100
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

VISA
Master Card
Skrill
Neteller

Average Payout Speed

0 – 24 Hours

Currencies

  • Get big cash prizes as a VIP customer
  • Access the site in 17 languages
  • Live odds change via colour-coded boxes
  • Explore in-depth sports rules on the site
  • No live streaming service
  • Long list of restricted countries
4.6/5
Rated by 223 users
Claimed by 138 people this week
100% Up To 500MYR
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

24 All Time
2Click
Access Bank
Alfapay
Alipay
Aninda Banka
Astropay
+62

Average Payout Speed

0 – 24 Hours

Currencies

  • ARS
  • RSD
  • AUD
  • Great welcome bonus for all new players
  • Huge selection of markets and events
  • Over 140 different payment methods
  • Safe and secure website that is encrypted
  • Online casino with top slots and games
  • Restricted in many countries

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 12Bet, SBOBET, BET-IBC, Eastern Dynasty and Smart-Bet.

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.

Flag of Malaysia

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

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

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.

Malaysia flags on masts

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.

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 force people to pay.

Malaysia fans inside stadium

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.

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.

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.

Claimed by 384 people this week
Get up to €50 in Bet Credits
Terms and conditions: Terms and Conditions apply. – Terms apply

Betting in Malaysia FAQs

Is online betting legal in Malaysia?

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.

How many casinos are there in Malaysia?

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.

Can I bet online from another country?

Yes! Many online bookmakers accept Malaysian players. You can sign up when you visit the site and begin betting on your favourite sports.
Q.

Is online gambling safe for Malaysians?

A.
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.

About the author

Alan Penny
Alan Penny

Editor-in-Chief

Alan hails from Northern Ireland and is an avid fan of all sports. He has been with us since 2017 and serves as SBO’s Editor-in-Chief. Alan passionately covers everything from the latest regulatory developments across the globe to tips on the latest football matches.