Best VIP Sports Betting Sites Singapore

If you’re looking to bet on football, cricket, or rugby union in Singapore, it’s crucial that you know which online bookies are the best. With new VIP sports betting sites popping up every day, it can be difficult to determine which ones are worth your time and money. To save you the trouble, we’ve put together a short guide of only the best Singaporean betting sites.

In order to come up with a definitive list of the top 10 VIP betting sites in Singapore, we put each sportsbook through a stringent evaluation process. This included assessing mobile functionality, the range of available sports and markets, betting odds offered, and perks and benefits for VIP bettors. So if you’re looking for somewhere to place your bets that will give you the best possible experience (and rewards), be sure to read our article.

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What is a VIP Sports Betting Site

At a first glance, it may seem that all bookies offer more or less the same thing to high-stakes players from Singapore. However, upon further inspection, there are some key characteristics that make some bookmakers much better than others. What separates the good ones from great?

Most Common Features of VIP Bookmakers

The features below are crucial for all the best Singapore online VIP bookmakers. If you’re a VIP player and come across a brand that doesn’t offer these features, keep searching. And if you want to be positive you select the top VIP sports betting sites in Singapore, read through the sections below thoroughly.

Best VIP Sports Betting Sites Singapore
Best VIP Sports Betting Sites Singapore

How to Choose the Best VIP Online Bookmakers for Singaporean Players

When it comes to choosing an online bookmaker, high-stakes Singaporean bettors have different preferences. While some prefer a wide range of sports markets, others are looking for specific ones that they’re passionate about. And of course, the betting odds and limits are also important factors to consider. With that in mind, here’s a quick overview of what you should look for when selecting an online bookie as a VIP player from Singapore.

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Legalities and Regulations of Sports Betting in Singapore

According to Singaporean law, sports gambling on any website is illegal. Furthermore, the government takes responsibility for minimizing such illegal activities seriously. To enforce this policy, Internet Service Providers (ISPs) in Singapore are required to block domains of offshore betting operators. In addition, banks and financial service providers are prohibited from processing transactions between unauthorized foreign betting sites.

The Gambling Regulatory Unit (GRU), which falls under the Ministry of Home Affairs (MHA), is responsible for remote gambling in Singapore. Only the two authorized operators in the country, Singapore Pools and Singapore Turf Club, are allowed to advertise betting activities.

In Singapore, sports bettors are not taxed on their winnings because the government considers these to be windfalls rather than a reliable source of income. However, both unauthorized betting operators and punters can face legal penalties for violating Singaporean laws. Punters who participate in illegal remote betting may be fined S$5,000 and imprisoned for up to six months if caught.

VIP Sports Betting Site Singapore
VIP Sports Betting Site Singapore

Payment Solutions for Sports Bettors from Singapore

Although it is often neglected, the payment methods a gambling website offers is important. Unfortunately for Singaporean punters, government policies have restricted the number of banking options available to them.

Visa, American Express, Maestro, and Mastercard are all credit and debit cards accepted by bookmakers in Singapore. However, sometimes these card payments are blocked because banks in the country are instructed not to transfer money to gambling sites based outside of the country. As an alternative, Entropay is recommended for punters from Singapore. Entropay is a virtual prepaid card that is widely supported by offshore sportsbooks.

While Skrill and Neteller are still popular e-wallets for payments, they no longer offer their services to Singaporeans looking Gamble unapproved betting sites.

Since cryptocurrencies are decentralized and not subject to any jurisdiction’s legislation, they have the highest success rate for deposits and withdrawals. Singaporean sports bettors can choose from a variety of cryptocurrencies, including Ripple, Litecoin, Ethereum; but Bitcoin continues to lead the market. Almost all sports betting sites that accept bets from Singapore offer Bitcoin as a payment option.

Avoid extra fees for currency conversion by using a sportsbook that works with your local SGD. And, make sure you check the processing timeframes of the websites you are interested in waiting weeks to receive your winnings is counterproductive to any punter’s experience.

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Bonuses and Rewards for Sports Bettors from Singapore

A great advantage to gambling online instead of in-person is that many sportsbooks offer a welcome bonus, which typically match your first deposit with free credits.

For example, if you were to opt into an online sportsbook that offers a 100% bonus of up to S$200, and then boost your account with the full S$200 for the first time, you would have a total of S$400 to use. However, in exchange for claiming the free funds from the sportsbook, punters are required to wager their bonus amount a given number of times as stipulated in the terms and conditions set by sportsbook.

The free bet is a welcome bonus that’s credited to your account after you sign up or deposit money into your account. The requirements for thefree bet differ between bookmakers, but usually require you to wager at minimum odds.

In order to receive the best value for your money, we recommend that you compare the terms of different betting sites. Many times, free bets are only available for wagering purposes but you may be able to cash out their resulting winnings after meeting certain conditions.

The promotions sections of Singapore-friendly betting sites also feature lucrative ongoing offers that target existing customers. These commonly include accumulator insurances, enhanced odds, and multi-tier loyalty programs where you collect points each time you place a real-money wager with the bookie.

Conclusion

Punters from Singapore have a lot of offers to choose from when it comes to online sports betting. Finding an appropriate bookmaker might seem like a daunting task at first, but with a little research you will be able to identify the best websites that allow bets from your country.

When looking for an online sportsbook that suits your needs, make sure you compare the bonuses each website offers, as well as the payment methods available and processing times for withdrawals. Also, remember to check if the bookmaker you are interested in accepts bets in SGD.

Last but not least, always gamble responsibly and within your means. Stick to a budget and never chase your losses. If you ever feel like gambling is negatively impacting your life, there are many resources available to help you get back on track.

FAQ

  • Is online sports betting legal in Singapore?

    No, online sports betting is not currently legal in Singapore. However, there are no laws specifically targeting individuals who place bets with offshore sportsbooks.

  • What is the minimum age for gambling in Singapore?

    The minimum age for gambling in Singapore is 21 years old.

  • Are there any taxes on gambling winnings in Singapore?

    No, there are no taxes on gambling winnings in Singapore. However, you may be required to declare your winnings to the authorities if you are questioned about the source of your funds.

  • What currency do I need to use for online gambling in Singapore?

    Many online sportsbooks accept bets in Singapore dollars (SGD). However, some may require you to convert your currency into US dollars or Euros. Check with the bookmaker before placing your bet to avoid any extra fees for currency conversion.

  • What is a free bet?

    A free bet is a bonus that is credited to your account after you sign up or deposit money into your account. The requirements for the free bet differ between bookmakers, but usually require you to wager at minimum odds.