Best Online Sports Betting In Malaysia

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.

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.

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.

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.

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.

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.