Gambling is both an exciting and rewarding hobby, taken up by the young and old in practically every country around the world. In Malaysia, laws mean that many people must gamble with online casinos based in other countries, but the thrill that comes with placing a bet isn’t diminished by gambling at a computer instead of in a real-world casino.
Betting online does carry certain risks, however, though they’re risks that you can mitigate with a little research and planning.
Here, we’re going to explain to you how to stay safe and secure while betting online, how to handle your bets on casino websites, and what sort of betting options are available to Malaysian gamblers.
Types of Online Gambling
Players have been placing their bets online for many years, making use of secure websites and online transactions to play their favourite casino games and bet on sporting events from the comfort of their own home.
Broadly speaking, online bets are split into three main categories:
- Casino Games – These bets cover everything from poker bets to blackjack, roulette, craps and baccarat. Bets are usually placed on individual hands and the value of a bet can change from game to game. Each casino game offers different odds of winning too, and different betting odds depending on a wide range of outcomes too.
- Sports Betting – This involves placing a bet on a particular outcome of a sporting event, whether it’s which team will win a football match, which horse will win a race, or even game specifics like the number of goals scored or a team’s final position in a league. Unlike with casino games, players already know the odds and potential returns from these bets before the game is even started.
- Tickets – Some games in online casinos are ticketed. Sometimes this means, for example, a player paying for entry into a tournament that awards them free games, but it can also cover games like bingo where players pay to enter and then place no further money on wagers.
Many people worry about the security of sending money online and giving their personal details to online casinos. But, with just a little common sense and some prior research, there’s no need for concern.
The first step is to only use reputable online casinos, ones which have been recommended by those you trust and which have positive reviews from other gamers. Sites like ours, Online Casinos Malaysia, can help with this – we have published lists of casinos that we recommend and routinely check the online casinos to make sure they are secure.
Beyond that, do your research online to find out more about any casino you plan on using. Use search engines to see whether any past players have had complaints about the casino in question, and look at the casino’s own website to see what measures they’ve put in place to secure your data and money.
Online betting doesn’t have to be risky – just do some research first and make sure you only ever give your details to people and businesses that you trust.
Secure Online Casino Banking
Another thing to consider when placing bets online is the banking options offered by the online casino that you plan to use.
Because the online casinos available in Malaysia are based in other countries, they will usually accept a wide range of currencies and support deposits and withdrawals from many different banks. Casinos tend to accept payment from various payment providers too, giving you a lot of flexibility in how you move money between the casino and your own bank.
You should only ever choose to use a casino that supports the payment methods that you are happy with – never use a service that you don’t trust or give your bank details to a casino that you don’t think is 100% secure.
How To Bet Responsibly
Finally, an important part of betting online is knowing how to do so responsibly. Gambling is an exciting hobby and it can be very rewarding too, but knowing when to call it quits is the key to having a good time and not getting into financial trouble.
Perhaps the best way to ensure that your gambling doesn’t get away from you is to set limits. Many players set themselves a money limit per day, week or month, and make sure that they stick within that – setting a total wager limit is a good way to make sure that you never end up too much out of pocket if you hit a losing streak.
What currencies do online casinos accept?
Because the online casinos available in Malaysia are based all around the world, the selection of currencies accepted at each will vary. Even if a casino doesn’t accept a currency, however, you will still be able to make a deposit – you may have to pay a currency conversion fee first though.
Do online casinos accept Malaysian bank transfers?
In theory, yes. As long as you have your bank details to hand, you should be able to pay money into (and withdraw from) your casino account. Different casinos and banks have different rules, however, so it’s always best to check with both before you make any large transactions.
Where can I find a list of trusted secure online casinos?
Here on Online Casinos Malaysia we publish lists of recommended casinos judged by our experts on a range of criteria including their security and banking methods.
You can see a list of recommended casinos here – LIST