Everything You Need to Know About Esports Betting in Singapore
Esports betting has witnessed a significant demand push in the recent past, primarily because a significant section of the youth population across the world has shown a growing inclination towards professional video gaming betting. Singapore is no different in this regard — though Singapore does not have a regulated sports betting industry, interested players can register and play through bookmaker sites registered in other countries. Many of these bookmaker websites allow Singaporeans to register on their platform. More importantly, many of these websites also allow transactions in the SGD currency, which makes registering and playing through these platforms quite easy.
In this article, we discuss the best sports betting websites for Singaporeans. That apart, we also tell our readers about the most popular betting esports, including League of Legends, Dota 2 and CounterStrike.
Those interested in Esports betting, primarily bet on top-flight leagues and tournaments involving hours of professional video gaming. Thus, it is important to get certain facts and rules clear. As an example, while it is possible to place your bets on the final rounds of a League of Legends tournament, Esports betters certainly can’t bet during the online qualifying process. Why is it so, you ask. The answer is simple: since Esports handicapping is a new arena, new players and stars are emerging every day. This, in turn, makes Esports handicapping a bad idea.
Read on, in this article, other than informing you about the online betting laws in Singapore, we also share with our readers the best online games to bet on in 2020.
Here's How Singaporeans Can Start Betting on Esports
If you are interested in betting on your favourite esports games, the first thing you must do is find a reliable online betting operator that you can trust with your money. Once you have figured out the right online betting operator, the next thing to do is sign up with this operator. All bookmakers mentioned on our website are licensed and regulated operators and therefore, reliable. Anyone interested in Esports betting can create an account with these online operators. We recommend signing up with all of them to better understand the odds and therefore, ensure the best value for each bet you place.
Once you have signed up with your chosen bookmakers, the next thing you must do is deposit money into your account. Almost all the booking websites support a variety of payment methods, including debit cards, credit cards and e-wallets. That apart, most bookies offer lucrative welcome packages to entice new customers. By availing these welcome bonuses and packages, players can get into their account hundreds of dollars free in the form of bonus cash. Thus, if you see any offers while signing up, make sure to take advantage of them.
Once you have created an account and have money in your account to start betting, the next step is to select the game, league or tournament on which you wish to place your bets. You will find these games and tournaments in the Esports section of the website you have chosen. When you are certain about where do you want to place a bet, decide your stake and place the bet. As simple as that!
Here Are Some Popular Singaporean Esports Tournaments
Esports, in Singapore, is still in its nascent stage. However, the Esports community is growing at a rapid pace in the country, with a significant section of the younger population showing great interest in the game. Though there are many topflight leagues and tournaments to bet on, the list of these tournaments and leagues will only grow further in the near future.
The Singapore eSports League was founded in 2018 and is a national Dota 2 esports championship that one can participate in throughout the year. In terms of its format, the Singapore eSports League is similar to any domestic football division — it uses a ladder format. This championship has become immensely popular since its inception and is likely to gain even more traction in the coming year.
Other than the Singapore eSports League, PVP eSports Championships is yet another famous multi-title league in Singapore. Singtel, Singapore’s one of the biggest telecommunication companies, is the name behind PVP Esports Championships, which was launched in 2018. This multi-title league championship offers a prize pool of US$ 400,000.
Esports enthusiasts in Singapore can also bet on the SEA Tour. Singapore permanently owns a slot in Southeast Asia’s Premier League and therefore, Singaporeans can participate in this multi-league tournament. The team that wins the SEA tour gets to participate and represent the region in various international high-profile events, such as the Lol World Championship and the Mid-Season Invitational.
These Are the Most Popular Esports Games in Singapore Currently
In the recent past, the online Esports betting industry has seen a sudden spike in growth within Singapore. Singaporeans have shown keen interest in several games, with the famous ones being Call of Duty, FIFA, Halo, Fortnite Battle Royale, Counter-Strike: Global Offensive, Heroes of the Storm, Player Unknown’s Battlegrounds, Rocket League, Overwatch, Hearthstone, Starcraft II, Pro Evolution Soccer and World of Warcraft. Though new games are catching the eye of Singaporeans, the games mentioned above enjoy great popularity among online gambling enthusiasts at the moment.
Here Are Some of the Banking Methods Supported by Online Bookmakers
One of the primary reasons why Esports bookmakers having been enjoying great popularity in Singapore is that most of these bookmakers support several different global currencies, including the Singapore Dollars, as well as offer various online payment methods, such as credit cards, debit cards and e-wallets, which makes making transactions on these platforms quite simple.
When it comes to credit cards, most bookmakers support various card networks, including MasterCard, Visa and many others. Similarly, when it comes to web wallet options, though Neteller and Skrill continue to be seen as the most stable deposit and withdrawal e-wallets in the online gambling industry, many online gaming websites support other options also.
As far as direct banking is considered, most online bookmakers support different online banking services, including the Citadel Direct. Further, there is good news for those dealing in cryptocurrencies — most bookmakers and online Esports gambling platforms have started recognizing Bitcoin and Bitcoin cash as acceptable currencies.
It must be highlighted that those using wire transfer to deposit and withdraw money usually have to wait a few days for the money to show in their account. However, if you wish to avoid transactions limits, making direct transfers is the only solution. Similarly, the withdrawal options also vary from bookmaker to bookmaker. Thus, it is crucial that players find the time to go through the terms and conditions properly for each separate banking method before making any concrete deposits.
In conclusion, it can be said that when it comes to banking methods, most online bookmakers offer diversified options, which makes both depositing as well as withdrawing money quite easy.
It Is Important to Be Aware of the Online Gaming Laws in Singapore
Southeast Asia, owing to the influence exerted on the region by Chinese traditions and history, has a rich gambling culture and Singapore is no different. Games of chances are an integral part of gatherings in Singapore. It is common to see elders of families enjoying these games during weddings and other functions. However, the Singaporean government follows a vert strict approach to various vices and corruption. For instance, Singapore is one of the very few countries where chewing gum in public can lead to one going to jail. It is, therefore, no surprise that the Singaporean government has a similarly stringent outlook towards online gambling. Singaporean citizens found indulging in online gambling can end up getting jail term.
In 2014, after cases of citizens indulging in gambling reached their peak, the government of Singapore passed a law that made all kinds of remote gaming and wagering illegal. However, in 2016, the government decided to relax most of these laws to facilitate the launch of Singapore Pools and Singapore Turf Club. Both of these are socially-responsible online gaming companies that support betting on games, such as horse racing, soccer, 4D and Toto. It is is important to highlight that Singapore Pools and Singapore Turf Club continue to be the only government-recognized and licensed operators in the country.
The current government had made it illegal for citizens of the country to bet with any offshore bookmakers. This is a problem, primarily because neither Singapore Pools nor the Singapore Turf Club facilitates betting on Esports. Thus, the only option that interested Singaporeans have is using a Virtual Private Network. Using a VPN, a user can escape the geo-blocks imposed by the government and get access to all the global online bookmakers. In most cases, the use of VPN makes one safe while allowing a user to get access to worldwide eSports betting websites, it cannot be emphasized enough that online gambling is considered illegal in Singapore and therefore, anyone found indulging in any such activity can certainly end up in jail. Thus, players must use a VPN at their own risk.