Best Betting Sites in Singapore (Updated 2024)

Are you a Singaporean punter looking for reliable betting companies? Relax and read this review carefully. You will find leading bookmakers that offer you many games, bonuses and promotions.

Silentbet team tested all reputable betting sites in Singapore that are really worth it in 2024. With the growth in the onling gambling market for Southeast Asia expected to reach US$1.51bn by 2028 it is hardly surprising that online sportsbooks are on the rise. (Source) Let’s learn some quick facts about iGaming in Singapore below:

*All data here is verified by Silentbet experts while conducting a detailed research of the Singaporean iGaming market.

Best Bookies in Singapore: Ranked & Reviewed by Silentbet

1. #1 22bet – Silentbet’s top pick betting site for Singapore
2. #2 Bk8 – top-choice bookie for Singapore in 2024
3. #3 1xBet – Best sportsbook in SG
4. #4 Fezbet – Top-notch promotions and betting bonuses

The gambling market of Singapore offers you a chance to gamble with top betting sites in the country. Let’s review some of the bookmakers you’ll come across here.

Katerina Gadzheva, Betting Expert & Writer for SilentBet

I have tried and tested each betting site below and wrote some of the reviews for them. I also spoke with real Singaporean players who have account there to get their take on the matter. All views are our own while the facts are backed up by sources.

22bet

22Bet is a global bookmaker that offers several betting products to its players. Some of its popular products include e-sports, virtual sports, casino, live casino, and sports betting. 22bet operates from Cyprus but has a license from Curacao.

Bk8

BK8 is a name in the Asian iGaming arena. They strive to be the biggest one-stop hub for all players in Singapore. They offer sportsbook with 96% average odds payout, casino games suitable for high rollers and even have a VIP club.

It is a safe and reputable site that boasts real players testimonials. Hence, its stellar reputation in Singapore.

1xBet

The Russian 1xBet boasts of a huge clientele base globally. The company offers its customers an extensive collection of gambling products. On sports betting, 1xBet offers excellent odds and a huge market selection. The same happens in the casino as games are in plenty. Additionally, it has a generous live casino, bingo, poker, and virtual sports sections.

FezBet

FEZbet is one of the newest babies in the online gambling arena, having been established in 2020. The bookmaker has a license from Curacao, and its headquarters are based in Gibraltar. The brand name of Fezbet flies high due to its sportsbook product. Besides, it offers excellent casino, live casino games and virtuals.

• Currency: Singapore Dollar denoted as SDG
• Population: 5,885,314
• Active Players: 3,060,363 as per 2017 survey
• Designated Authority: Casino Regulatory Authority, Ministry of Home Affairs
• Regulated Gambling Products: poker, sports betting, casino, slot machines, bingo, and lottery
• Types of Operators: online gaming sites, land-based casinos

Gambling in Singapore

Unlike in some other countries like China, gambling in Singapore is rampant. However, it happens with great caution amongst a high level of restriction. The industry offers its players a wide range of products to bet on, leaving them at a crossroads of whether to gamble or not.

The gambling scape in the country is under the check of four different regulations. Thus, the only way to operate legally is by abiding by the regulations. But even in that case, some betting products are not to be offered to Singapore players.

Is gambling in Singapore legal?

Gambling in Singapore is illegal. But, the authorities have legalized several betting outlets. These include the Singapore Turf Club and Singapore Pools. The two allow the gamblers to exercise betting in offline land-based casinos.

Despite the strictness in gambling, some punters have tried to gamble using offshore bookmakers. These have been charged in court over the practice.

Do Singaporean Players get restricted by some bookmakers? Why?

Offshore bookmakers willing to accept Singaporean punters might get a disappointment. This is because Singapore has restricted its citizens from gambling on offshore bookies. Further, it has ordered banks to stop the payments meant for gambling in the offshore bookmakers. With this, the bookmakers have no punters to restrict due to the tough measures by government.

How much tax do you pay on gambling winnings in Singapore?

Even after legalizing some gambling practices, Singapore discourages betting through heavy taxation. According to betting regulations, a levy duty that ranges between 9.5 and 30% must be deducted from your stake after placing it. Well, the duty varies from one casino game to the other. Additionally, a goods and services tax is also charged on the same stake.

The casino also pays some amount of tax based on the revenue it generates. Mostly, this ranges from 12 to 22%.

The most popular betting features and options in Singapore

Most popular bookmakers in Singapore go an extra mile in ensuring that their punters get the best experience. The companies achieve this by offering the players the below unique features:

• Live Streaming – To ensure that punters watch the game live on the bookmaker’s website, many Singapore bookmakers have incorporated this vital feature. It makes the game livelier and realistic, especially when you watch from your mobile device.
• Cash-Out – The cash out is the ultimate way of saving your bet money if you sense an impending loss. Many reliable betting companies offer this feature to their players to ensure they don’t lose all the money in a losing bet. That’s some care, isn’t it?
• In-Play – Through the in-play feature, you can place bets on the games that are going on at a particular moment. Now, imagine combining the three features! What a great moment for a Singaporean gambler!

Available Bonuses for Singaporean Players

All top betting sites in Singapore offer their players a variety of bonuses. The welcome bonus is the most common. Since every bookie has its particular way of welcoming its punters, then the bonuses differ. For instance, some bookies offer their new players a cash bonus with a deposit while others offer them a no deposit bonus. When thinking about where to bet in Singapore, the bonus factor should come into play.

Katerina Gadzheva, Betting Expert & Writer for SilentBet

The best bookies will have promotions in the local currency, meaning you will unlock bonuses in Singapore dollar (SGD).

The Favourite Sports of the Singaporean Punters

Due to the strict restrictions on gambling in Singapore, punters in the country don’t have much choice when it comes to preferred sports. However, the gamblers are lucky as the bookmakers who approach the market study it to identify these gamblers’ preferences. From this observation, it’s evident that football, basketball, table tennis, volleyball, hockey, snooker, and darts are some of the greatest tastes in Singapore.

Are Online Casinos Popular on the Market?

Due to restricted gambling in Singapore, it’s hard for us to gather the necessary statistical data to judge whether online casinos in Singapore are popular in the market. However, most of the bookies offering sports in the country also provide casino and live casino sections. This is one pointer that could be a choice for many.

Currency and Preferred Payment Methods in Singapore

Sadly, the Singapore authorities have ordered banks not to process any payments that are alleged to be from offshore betting companies. Thus, the Singaporean Dollar cannot be used in gambling. To cushion this effect, many gamblers in the country use other currencies to gamble. The payment methods range from e-wallets to cryptocurrencies that banks cannot stop.

Bookies with Mobile Apps for Singaporean Customers

The technological advancement in Singapore creates a good room for the usage of mobile betting apps by gamblers. Therefore, when choosing where to bet in Singapore, consider if the bookie you pick has a mobile app for easy gambling. The apps come in both Android and iOS versions.

Katerina Gadzheva, Betting Expert & Writer for SilentBet

My first-hand experience proves that the top bookies all come with a mobile app for placing wagers on the go.

Final Comments

Singapore doesn’t make the best market for international bookmakers. This is due to the tough regulations that govern the gambling industry in the country. Interestingly, the regulations have implicated many gamblers in the country for playing on offshore bookmakers. Moreover, banks don’t process the proceeds of gambling, and the country’s currency is not allowed in such activities. If one is to gamble in the country, they can only use foreign currency. These stringent measures come when the recent study shows that more than half of Singapore’s population tried a form of gambling some years back.

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