From being a nation proclaimed for its raw materials in 1970’s to achieve the status of high-income in 2020 (expected) under Najib leadership, Malaysia has made tremendous financial progress in the last one decade or two. With nation getting economically stronger, activities like waging gaining popularity.
Even though Malaysia has never been South-Eastern Asia’s Las Vegas, but gambling has always been a great pastime for the Malaysians.
The Gambling Laws in Malaysia
The Malaysia gambling laws are quite complicated, there is no clear-cut policy or laws framed with or against waging in the country. Just one hour drive from Kuala Lumpur by train or car, the famous gambling house, the Resorts World Genting is located. Besides, the Monte Carlo Casino, Hollywood Casino and StarWorld Casino in that particular region, ensure the tourists have some heck of fun gambling in Malaysia. While, activities such as betting and waging are prohibited for 60% of its national popularity, which is the Muslims. So, in simple terms, betting is legal for the non-Muslim people with certain restrictions, whereas, both the local and foreign Muslims are not allowed to bet.
Betting Act 1953 and Exemptions
Act 1953 is the primary law that regulates and governs gambling in Malaysia. Later, this act was amended in 1958, 1959, 1961, 1989, 1992 (twice), and 2006. This 20 pages Act read, unlawful gambling in the country is prohibited, and non-abider will have to face hefty fines and even imprisonment. However, the main point in this act says, people may wager at an authorised and licenced casino house. Plus, the lottery in Malaysia is legal.
If you online casino, then there is good news for you, that there is no restriction of any online gambling.
Live Sports Betting in Malaysia
Also known as the in-play, this form of waging is the buzzword of gambling in recent years. Here, the punter wagers once the game commences. You can bet on several sports events, such as the Football, Hockey, or any other sports of your liking.
To understand how betting is done, let’s take an example- there is a match between the Arsenal and the Manchester City, you can wager on different aspects once the game is kicked off. These include: placing a bet on the outcome of the game, who will score the first goal, the maximum goal, how many red cards will be issued, means you bet throughout the match. Thus, making gambling enthralling for the wagers, because, this form of betting takes away the need of flipping through big stats and rules to make the perfect bet. All you require complete knowledge about the game. So, if you are a sports enthusiast and a true aficionado with no gambling knowledge, even then you can win big.