Betting Online from Malaysia in Ringgit MYR
For Malay version click here – Klik di sini untuk versi Bahasa Malaysia
Football betting is very popular in Malaysia despite being illegal. While getting caught could run you a RM5000 fine or 6-months in prison, this is extremely unlikely, especially when using foreign bookmakers. The good news is there is no shortage of highly legitimate foreign betting sites that accept bets in Malaysian ringgit (MYR). I’ll cover these sites as well as banking options in this article.
Before getting into the topic, let me quickly put your mind at ease regarding the laws. There’s a big push in Malaysia to legalise football betting for the simple reason that approximately RM 1 billion is wagered by Malaysians each and every day on football matches. Prime Minister Najib Razak is one of many who have called for studies of legal betting. 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 and arrests do sometimes happen, though again the risk is small.
When there are Malaysian betting arrests, they pretty much always involve exchanging money in Malaysia, betting at an internet café, or betting with an Asian bookie who is arrested. The latter is the biggest concern. When major bookies are arrested bettors often get turned in. This happened on a massive scale in 2010 and again in 2012, when Interpol got involved and thousands were arrested, across Asia including dozens in Malaysia. For this reason we strongly suggest avoiding Asian bookies such as M88, 12Bet, sbobet, ibcbet, eastern dynasty and smartbet. 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 bet sports online.
Where To Bet Online From Malaysia
Using Euro Betting Sites from Malaysia
Almost all betting sites will want to at some point to verify your identity. To do this they’ll ask for scans of you photo ID and a copy of a utility bill in your name. Do not even consider 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.
The best banking method for Malaysians is EntroPay. Although this method costs about 4% plus exchange fees to load using your Malaysian debit or credit card, it’s by far the safest option. At some sites you’ll get bonus offers that will more than offset the fees. We suggest opening your account with EntroPay in either USD or EUR, because MYR is not supported. The benefit to using this method is your bank statement will appear as EntroPay as opposed to the name of a bookies website. Should any authorities review your bank records they’ll have no idea you were betting on the internet. Also, for a small fee you can order an EntroPay Plastic Card and access money you cash out of betting sites at any ATM in Malaysia (or anywhere else worldwide).
Best Online Betting Sites for Malaysia
A strong option is www.betvictor.com. They have decent coverage of Malaysian sports and are a top UK bookmaker offering betting on football competitions around the world. Both these two sites also offer betting in Malaysia ringgit currency (MYR). For Super League, though, not any other Malaysian football matches, www.betdaq.com is the betting website with the best odds. Just understand Betdaq is a betting exchange, not a bookie –and they do not accept Malaysian currency so you’ll need to wager with them in Euros.
Finally, if you’re only betting foreign matches, two sites for sure worth considering are Pinnacle Sports (best odds – and accepts MYR currency) and Ladbrokes (no MYR currency – but very friendly to Malaysian clients). Using all 5 online bookies mentioned here and shopping the odds is a great way to improve your chances at making a profit betting sports.
Understanding Decimals Odds
The one and only downside to using European bookies from Malaysia is the odds format is different. In Malaysia bookies use what’s referred to as Malay Odds. At Euro betting sites the odds are called European odds, also called decimal odds.
Decimal odds represent how much you’ll be returned on a winning bet. So for example if the odds are 1.80 and you bet RM100 you’ll get back RM100*1.8=RM180, of that RM100 was your stake and RM80 is your profit. Keep in mind unlike Malay odds there is no positive or negative figure. When betting a heavy underdog the odds might be 2.50. Again, if you bet RM100 the payout is RM100*2.5=RM250 of which RM100 was your stake and RM150 your profit. Had we used Malay odds instead, 2.50 decimal odds are the same odds as -0.67 Malay. This will take a little getting used to, but again Euro bookies are much safer for Malaysians to use than their Asian bookie counterpart.