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Malaysia Sports Betting Bonuses

Online sportsbooks often create promotions for free bets or sign-up bonuses.  As a Malaysian customer, you will be eligible for several offers.  However there are rules and restrictions that must be satisfied before you will be able to withdraw your bonus offer as cash.

I recommend that you choose a sportsbook based on how you see yourself playing in terms of banking issues, currency issues and of course how the sportsbook caters to your favourite sports.

However, I understand that bonuses are an issue of interest, so I explain which of my recommended sites have bonus offers and I explain the rules for each site in simple terms.

The Best Malaysian Ringgit Sports Betting Sites

Pinnacle Sports operates as a reduced-juice sportsbook.  This means they don’t advertise & the savings is passed back to bettors with consistently higher paying odds on all sports and offer very high limits. Read the Pinnacle Sports Malaysia review.

Current Asian Football Lines

MYR

Malaysian Ringgit Sports Betting

As a person in Malaysia, it only makes sense that you would want to bet in your native currency in an effort to avoid potential currency exchange fees when depositing or withdrawing funds from your sportsbook account.  Exchange fees can add up quickly, so it is best to avoid them.  In general, when you exchange currency, you will lose anywhere from 3% to 5% of the value of the exchanged amount.

You won’t see this loss charged as a fee.  The loss will actually be hidden in the exchange rate for whatever currency you select.  The financial institution or sportsbook will buy your funds at one rate, then mark it up and sell you those funds at a rate that reflects this 3% to 5% loss in the principal value of your exchanged amount.

Betting in the Ringgit is made possible with three of my listed sportsbooks, and these are displayed below.  The only issue for you will be your ability to bank with your sportsbook(s) of choice.  Understand that there are only a few methods that support MYR transactions to sportsbooks.  You can generally use wire transfers to and from your bank.  However, as your bank is located likely at home in Malaysia and you likely want to avoid leaving evidence that you are dealing with a betting service, you may prefer to use e-wallet providers that are headquartered in Europe such as Skrill or Neteller.  These e-wallets allow for quick transactions usually within a day to process and ensure that only you, the e-wallet and your sportsbook know about your business together.    

Alternatives to MYR betting

The true purpose for the above sportsbooks to offer ringgit betting is one of convenience for their many Malaysian customers.  It makes life more convenient for people to bet in their native currency and save money on fees.  However, as stated, your banking options are limited because so few banking providers support the ringgit.

If you prefer another type of banking method, many of them are open to Malaysian residents, they just support other currencies.  So, if you perhaps prefer prepaid debit card solutions like Entropay or voucher code solutions like Ukash, it will be best if you establish your sportsbook currency in the same currency that will be supported by these banking methods.  This will save you from having the sportsbook exchange currency upon your deposit.  The last thing you want to do is buy a US Dollar balance on a prepaid card and then have your sportsbook exchange the balance and pay a fee to have a ringgit betting account.  Only register your betting account in the ringgit if you intend to deposit ringgit directly.

I outline all of these issues of currency acceptance and transaction methods in more detail on my Malaysian sports betting banking method page.

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Malaysia Ringgit Betting Issues