There are a few different laws regulating the gambling in Singapore, which include
- The Betting Act
- The Common Gaming Houses Act
Both of which were drafted before the existence of internet. In year 2010, parliament amended the Casino Control Act, but still no specification was mentioned for online gambling or betting. This created a unique situation which gave rise to online bookies from the countries such as Philippines and UK, where betting is legal.
A pattern is followed in registration on the online betting site, and one needs to deposit money and also give details about the way they would get paid on winning.
- One needs to have attained age of 18 years to participate in betting games
- Opening of an account by filling a form online
- An account balance is set up and deposit is made via debit or credit card or through net banking
- Few sites offer sign up incentives too to attract the player
- Singapore Online Betting accepts Singapore dollars.
- Details of the account is also given where one may accept the winnings
- Some players prefer to keep the winnings in the account only for further betting
After setting up all the mandatory requirements comes the part to choose the areas to place bets on. There are different sports happening all over on which bets can be placed like football, formula 1, wrestling, cricket etc. football rules in Singapore so that is highest speculated sport. The example of the ways in which wager is put on the game:
- Pick the Score – It is a multi-way market wherein one bets what the exact final score would be. This has huge payouts relative to the stake.
- Total Goals – This is a bet that how many total goals would be scored in the match.
- First Scorer – This is where one puts a stake on player who would score the first goal.
- Last Scorer – This is where one puts a stake on player who would score the last goal.
- Team to Score First Goal – betting on the team that would score the first goal.
- Half Time 1X2
- Half Time PTS – It is same as pick the score but valid for half time only.
- Total Goals
- Over Under – The online portal lists a prediction for the number of goals that both teams would score combined. One may make a wager on the chance of it to go over or under given total.
