From being a nation proclaimed for its raw materials in 1970’s to achieve the status of high-income in 2020 (expected) under Najib leadership, Malaysia has made tremendous financial progress in the last one decade or two. With nation getting economically stronger, activities like waging gaining popularity.
Even though Malaysia has never been South-Eastern Asia’s Las Vegas, but gambling has always been a great pastime for the Malaysians.
The Malaysia gambling laws are quite complicated, there is no clear-cut policy or laws framed with or against waging in the country. Just one hour drive from Kuala Lumpur by train or car, the famous gambling house, the Resorts World Genting is located. Besides, the Monte Carlo Casino, Hollywood Casino and StarWorld Casino in that particular region, ensure the tourists have some heck of fun gambling in Malaysia. While, activities such as betting and waging are prohibited for 60% of its national popularity, which is the Muslims. So, in simple terms, betting is legal for the non-Muslim people with certain restrictions, whereas, both the local and the foreign Muslims are not allowed to bet.
Betting Act 1953 and Exemptions
Act 1953 is the primary law that regulates and governs gambling in Malaysia. Later, this act was amended in 1958, 1959, 1961, 1989, 1992 (twice), and 2006. This 20 pages Act read, unlawful gambling in the country is prohibited, and non-abider will have to face hefty fines and even imprisonment. However, the main point in this act says, people may wager at an authorized and licensed casino house. Plus, the lottery in Malaysia is legal.
If you online casino, then there is good news for you, that there is no restriction of any online gambling.
Live Sports Betting in Malaysia
Also known as the in-play, this form of waging is the buzzword of gambling in the recent years. Here, the punter wagers once the game commences. You can bet on several sports events, such as the Football, Hockey, or any other sports of your liking.
To understand how betting is done, let’s take an example- there is a match between the Arsenal and the Manchester City, you can wager on different aspects once the game is kicked off. These include: placing a bet on the outcome of the game, who will score the first goal, the maximum goal, how many red cards will be issued, means you bet throughout the match. Thus, making gambling enthralling for the wagers, because, this form of betting takes away the need of flipping through big stats and rules to make the perfect bet. All you require complete knowledge about the game. So, if you are a sports enthusiast and a true aficionado with no gambling knowledge, even then you can win big.
How to Win the Game in Live Betting?
Live sports betting is the same as it sounds, as you are going to wager on a match with live action happening in front of eyes. This kind of betting is often called as “in-live,” since you wager from the start of the match until the end. In football betting, there is a restriction that you bet at the kickoff, and then at the halftime mark, in between, you cannot place a bet. Whereas, NFL offers live betting, during the match. So, in both the cases, you can have the luxury of recess your bet at some time and safeguard yourself from losing. The experts say a famous quote about live betting “Predict Momentum Swings to Win,” to seize the moment and win big.
Sports Betting Online- Malaysia Gambling Laws and Regulations
Despite being illegal and the penalty up to imprisonment, the Malaysians are fond of the live sports betting. However, there are lower chances of getting caught when online betting, because the online sports betting websites will never disclose the identity of its members. So, you are safe and secure with online gambling. Do you know RM 1 billion Is wagered daily for football games in Malaysia? Moreover, the good news, Prime Minister Najib Razak is working towards the direction of legalizing Malaysia online betting.
SBOBET is one of the world’s leading website for online sports betting. It is a big brad promising a safe and a secure virtual environment to wager. Here, you can bet on a variety of sports, ranging from football, car racing, to other popular sports.
M8Bet is Aisa’s most trusted sportsbook website, previously with the name of IBCBET. M8Bet offers a complete array of sports betting options, these include online Sportsbook, Live Casino, Slots and Number games.
In the end, from the above, you have probably got an idea about the gambling laws in Malaysia, and what & how live sports betting works.