With online betting becoming a legal act in the Lion City since last year, it only comes as a complete surprise that a number of Singapore based online sports betting websites have also become available. While local bookmakers are scarce, several of the major international operators now cater to punters rather than the usual customers. So what makes online sports betting in Singapore so appealing to a number of punters?
In an industry where online betting has been made legal in most countries, Singapore has not been far behind in terms of innovation. Most of the online betting portals provide a number of features that allow punters to wager on any sport at any time. Some of these include live scores of games and commentary, up to the minute news and information on players, as well as features such as 'goal prediction' and the like. However, one of the unique features that is now being offered by many websites is the option for punters to make a 'deposit'. The amount of money that can be deposited and withdrawn from an online betting account is determined by the site's policies and regulations.
While some countries have varying policies on online sports betting, Singapore has clear policies and regulations in place for both establishments and individuals to wager on sporting activities. The law does not recognize Online sports betting as a form of gambling, and there are no instances of individuals being imprisoned for using such online facilities. However, the penalties that are applicable for making fraudulent transactions on a financial institution do apply in this case. In addition, Singaporean laws are quite lenient when it comes to online sports betting. A person may only need to pay a fine if he or she wins a wager that he or she made using the credit card.
Some people may not feel comfortable placing their bets in a foreign country. In Singapore, people can place their bets at any of the country's leading online betting sites. The three most popular online betting sites in Singapore are PGA Tour, Star Sports and Betfair. These three gambling sites together account for almost 70% of all online betting volume in the country. The leading sites offer a variety of options for consumers, including specials and promotions which allow consumers to win real cash or prizes without having to use their credit cards.
The best sports betting sites in Singapore will always offer customers the chance to wager on a number of different gambling games including poker, blackjack, baccarat, craps, and other casino gaming types. However, each site will differ slightly in the type of bonuses that they offer to consumers. Most of these gambling sites offer a range of promotions and bonuses to its patrons. For example, at Star Sports, a customer who plays an entire game online without wagering will receive a bonus of two hundred dollars. Other sites like PGA Tour and Betfair also offer a variety of cash and prizes to its customers, but the amounts on offer will differ significantly from site to site.
Online gambling is legal in Singapore and many local Singaporeans enjoy the opportunity to gamble online. While the law requires local residents to play video games in designated gambling areas only, the law does not prohibit individuals from participating in online gambling activities from anywhere in the world. In fact, most online gaming websites operate offshore because they are able to operate legally in countries where it is against the law to gamble or engage in other sporting activities wagering.
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