Chinese Online Betting Companies
- Chinese Online Betting Companies
- Chinese Online Betting Companies Near Me
- Online Sports Betting Public Companies
- Online Betting Companies
- Top Spread Betting Companies
Gambling in China is illegal under Chinese law[1] and has been officially outlawed since the Communist Party took power in 1949.[2] Any form of gambling by Chinese citizens, including online-gambling, gambling overseas, opening casinos overseas to attract citizens of China as primary customers, is considered illegal.[3] In practice however, Chinese citizens participate in state-run lotteries, regularly travel to legal gambling centers overseas or in the special administrative regions of Hong Kong and Macau and access gaming through offshore based proxy betting and online gambling companies.
Mainland China[edit]
Asian Odds Formats. Asian bookies generally support four different odds formats which are, decimal odds (sometimes called Euro or European Odds), Hong Kong Odds, Indonesia Odds and Malay Odds. No matter which display format you choose the potential payout on a win is the same; the reason for different display options is so punters can view the odds in the format they are most comfortable with. Making a bet with a bookmaker is a great way to test your luck, get an adrenalin rush and make some money in the process. Hundreds of betting websites offer their services to millions of fans who like to bet on sports online. 1xBet Betting Company stands out among other online bookmakers.
The Chinese government operates two lotteries: the Welfare Lottery and the Sports Lottery set up in 1987 and 1994 respectively. The Chinese government does not legally consider the lotteries a form of gambling.[4] Illegal gambling in China remains common, including unofficial lotteries, clandestine casinos, and betting in games such as mahjong and various card games. In 2010, The Daily Telegraph (UK) reported that an estimated one trillion yuan are wagered in illegal gambling every year in China. Problem gambling exists in the country, and may be more prevalent than in countries with legalized gambling.[1]Online gambling is another outlet for illegal gambling in the country.[4]
Various attempts have been made to establish legal casinos in mainland China, although these have been unsuccessful.
In June 2018, the Chinese Government banned all online poker applications. App stores had to remove all poker related applications, and the promotion of poker in general via all social media channels in China (Wechat, Weibo) became forbidden.[5]
Hong Kong[edit]
While some aspects of mainland Chinese law apply in Hong Kong, certain forms of gambling are legal and regulated in Hong Kong. The Law of Hong Kong is based on English common law, having been a British territory until 1997. Gambling in Hong Kong has been regulated since 1977.[6] The Hong Kong Jockey Club organizes much of the legal betting in the region.
Macau[edit]
Gambling in Macau has been legal since the 1850s, when it was a Portuguese colony. The region has a history of gambling on traditional Chinese games. Gambling in Macau now primarily takes place in Western-style casinos; in 2007, Macau overtook the Las Vegas Strip in gaming revenues. As of 2016,[7] 38 casinos operate in Macau, and the region's annual gambling revenues exceed US$27.9 billion.[8]
Offshore gambling[edit]
Legal restrictions on onshore gambling in Mainland China have contributed to the growth of overseas and online gambling sites that cater to Chinese nationals. Integrated gaming resorts in Singapore, Australia, Korea, Vietnam and the Philippines welcome growing numbers of Chinese tourists.
Proxy betting[edit]
As in person visits to offshore gambling venues can be both time consuming and attract the attention of law enforcement, proxy betting has grown in popularity, especially for VIP clients wishing to discretely place high stakes bets. In proxy betting, clients communicate with staffers wearing headsets at baccarat tables in offshore casinos. Proxy betting was outlawed in Macau in 2016 and has never been permitted in Australia or Singapore casinos, but now accounts for 40 percent of the $1 billion VIP gaming market in the Philippines, according to brokerage CICC.[9]
Online gambling[edit]
Online gambling in Mainland China remains illegal, however internet traffic routed via VPNs, underground banking networks and payment platforms enable Mainland Chinese customers to access and remit funds to online gaming sites. According to 2019 estimates published in Economic Information Daily, an affiliate of state-owned news agency Xinhua, the annual amount bet through online gambling in the Mainland is more than one trillion yuan (US$145 billion), equivalent to nearly twice the annual income of China’s officially sanctioned lotteries.[10]
In the Philippines alone, where Philippine Offshore Gaming Operators (POGOs) can register and legally operate, over a three year period from 2016 at least 100,000 Chinese nationals were estimated to have moved to Manila to work for online gambling operators as marketing agents, tech support specialists and IT engineers to serve Mandarin-speaking clientele.[11] To side step restrictions on direct marketing of online gambling in Mainland Chinese print or social media, many online gaming sites seeking to attract Chinese customers have become shirt sponsors for English Premier League football teams. Dafabet’s sponsorship of Fulham FC and W88’s sponsorship of Wolverhampton Wanderers are just two examples of this trend.
Large betting sites like Bet365, BetPat & WilliamHill create mirror sites to bypass local controls as seen a list of how it works here SportsTalk.org in the Guardian it was commented at length that Chinese users can face jail.
See also[edit]
References[edit]
- ^ abEimer, David (9 January 2010). 'China's secret gambling problem'. Daily Telegraph. Shenyang. Retrieved 1 May 2015.
- ^'Rien ne va plus'. The Economist. 432 (9158): 25. 31 August 2019.
- ^'Remarks by Chinese Embassy Spokesperson on Issues of Chinese Citizens concerning Gambling in the Philippines'. Embassy of the People’s Republic of China in the Republic of the Philippines. 8 August 2019. Retrieved 9 August 2019.
- ^ abKalenyuk, Mary (7 November 2013). 'The bets are on for gambling in China'. The World of Chinese. Retrieved 7 April 2014.
- ^'Crackdown on online poker applications in China - Somuchpoker'. somuchpoker.com. Retrieved 2018-06-11.
- ^Deans, Rob (2001). 'Online Gambling: Changes to Hong Kong's Gambling Legislation'. Gaming Law Review. Mary Ann Liebert, Inc.5 (6): 555–560. doi:10.1089/109218801753336166.
- ^2016 Wynn 10-K
- ^'Macau Gaming Summary'. University of Nevada, Las Vegas Center for Gaming Research. Retrieved 7 April 2014.
- ^'China targets PH in offshore gambling crackdown'. Manila Bulletin. Bloomberg. 8 August 2019. Retrieved 11 August 2019.
- ^Master, Farah (9 July 2019). 'Chinese state media target Macau's Suncity in online gambling report'. Reuters. Retrieved 10 August 2019.
- ^Dancel, Raul (20 July 2019). 'Loan Sharks Feed Off Philippine Casino Boom'. The Straits Times. Retrieved 7 August 2019.
Chinese Online Betting Companies
External links[edit]
- China Sports Lottery official website(in Chinese)
Chinese Online Betting Companies Near Me
Why You Should Use Asian Bookies
There are many benefits to using top Asian betting sites. Across the board, the biggest Asian bookies offer outstanding service and brilliant perks for their punters. These include:
- Better Odds – Many Asian bookies operate on lower margins than European bookies. For example, on coin flip bets, UK bookmakers often offer odds of 91/100 (bet 10 to win 19.1). Asian bookmakers often offer the same bet for 19/20 (bet 10 to win 19.5).
- Live Betting – Typically, Asian betting sites are specialists at in-play football betting. Asian bookmakers regularly offer more odds and markets than any of their European or North American focused counterparts.
- Asian Handicaps – Asian handicap betting is very popular, especially in football where the draw is a fairly common outcome. In these markets, Asian betting sites offer a boost or reduction to the number of goals scored by a team that is added to their actual total in a match.
For example, in Premier League football, Southampton and Leicester City has -1 / +1 Asian Handicap odds. This means that Southampton have a one goal disadvantage, whilst Leicester have a one goal advantage prior to the start of the game. For a Southampton win to pay out, Southampton need to win by a 2-goal margin. However, for a Leicester City win to pay out, a draw or a Leicester win by any margin would be enough. Asian handicaps often offer much better value than standard 1×2 outright markets and also make betting more exciting because it removes the possibility of a draw.
- Smaller Markets – At Asian bookies the most popular betting markets are no doubt soccer markets such as the English Premier League, Spanish La Liga, Italian Serie A, and UEFA Champions League. However, at Asian betting sites you’ll also find a plethora of Asian football competitions and smaller, regional competitions in less popular sports such as field hockey.
Overall, Asian bookmakers offer better odds, handicap betting and more markets for both pre-match and live betting.
Is it Legal to Bet Online with Asian Bookmakers?
Yes, it is, depending on where you are playing from. Each country or region has its own gambling laws and Asia is no different. The laws vary greatly across the region although it’s becoming more common that people are legally allowed to bet online.
In some countries like Indonesia or China, there is a ban on online gambling. However, other countries such as the Philippines and Macau offer much more freedom for online bettors.
Most punters in Asia can enjoy online betting just like other people across the world by using offshore sites. Alternatively, you can safely access betting sites from different territories by using a VPN.
The most important thing is to check with your preferred Asian betting site before you sign up to check that they accept players from your country. If you want more information about sports betting in your country, choose from the list below:
The Best Asian Bookies 2021
Depositing at Asian Bookies
The deposit methods at Asian bookies vary by country. Residents of China can generally deposit with their Chinese debit card, other countries like Indonesia and Malaysia can deposit with their home bank account via either online banking or at an ATM.
Thailand residents have a large selection of deposit options. In Vietnam the opposite is true and deposit options are generally limited to MoneyGram, Western Union and local e-wallets.
For many other countries including Singapore, UK, and most of Europe e-wallets are available. Here are some of the most common depositing methods at Asian betting sites:
Debit/Credit card
Most Asian bookies accept debit or credit card to fund your account. It’s convenient and makes it easy to keep track of your funds.
PayPal
PayPal is one of the most recognisable e-wallets in the world and many Asian betting sites accept this method. PayPal makes it easy to transfer funds from across different betting accounts and has an outstanding record of safety and security. Other commonly accepted e-wallets include Skrill and Neteller. PayPal does have restrictions and is not available in every country. Be sure to check with the site you intend to use to check if they allow PayPal as a banking method.
Cryptocurrencies
Cryptocurrencies such as Bitcoin and Ethereum are becoming more and more popular and are now accepted by more and more Asian bookmakers. Cryptocurrencies provide anonymity and security that is enjoyed by sports bettors across the world.
Every Asian bookmaker is slightly different and they each accept different banking methods. Be sure to check the site you want to use has your preferred banking option before depositing.
Withdrawals at Asian Bookmakers
One of the top reasons to wager with Asian bookies is fast, free payouts. Most Asian betting sites offer direct bank transfer withdrawals (often on the same or next business day) to players regardless of location.
Often if you are in Asia, this will show on your bank statement as a cash deposit. That’s right; despite dealing with Asian betting sites with hundreds of thousands of accounts, many of these companies send a local runner/agent to a branch of your chosen bank to complete your withdrawal request as a cash deposit! This is a huge plus for anonymity.
Asian Odds Formats
Asian bookies generally support four different odds formats which are, decimal odds (sometimes called Euro or European Odds), Hong Kong Odds, Indonesia Odds and Malay Odds. No matter which display format you choose the potential payout on a win is the same; the reason for different display options is so punters can view the odds in the format they are most comfortable with or used to dealing with.
Decimal Odds
In this odds format odds are always listed as a positive number, usually with decimals, and represent the total return (stake + win) a winning ticket will pay for each unit staked. For example, decimal odds of 1.91 mean a bet of $1.00 would win $0.91, plus returned stake of $1.00.
Online Sports Betting Public Companies
Hong Kong Odds
This one the simplest odds format to deal with. Hong Kong odds are always presented in a positive number usually with decimal points. These odds represent how much a bettor will be paid, in addition to stake, for each unit wagered.
So, for example if the odds are 0.710 you’re betting on a semi-heavy favourite and will get paid $0.710 in winnings for each $1.00 staked. If the odds are 2.340 you’re betting on an underdog and will be paid $2.34 (plus your stake) for each $1.00 risked if the bet wins.
Indonesian Odds
Indonesian odds are very similar to American odds but they display as 100’s instead of decimals. For example, +134 American is 1.34 Indonesian and -250 American is -2.50 Indonesian.
Negative Indonesian odds show how much you have to bet to win a single unit, so -3.45 odds mean bet $3.45 to win $1.00 profit. When Indonesia Odds are positive it shows what the winnings would be on a single unit stake. So, for example, +1.430 in Indonesian odds is risk $1.00 to win $1.43.
Malay Odds
Malay odds are expressed as either a negative or positive number that is never greater than 1. Unlike all other odds formats that use positives (underdogs) and negatives (favourites), Malay odds are reversed. Negative means underdog and positive means favourite.
When the odds are negative this represents how much you need to bet to win 1 unit (example: -0.750 means bet $0.75 to win $1). When the odds are positive this represents how much you will win on a 1-unit stake (example: 0.670 means $1 bet to win $0.67).
No matter what odds format you use, payouts are the same. For example, betting odds in decimal format 1.90 is the equivalents of Hong Kong odds 0.90, Indonesian odds -1.111, and Malay Odds 0.90. The difference is in how the odds display.
If you are ever confused by the odds offered at an Asian betting site, you should be able to change your settings to your preferred choice. Alternatively, you can use our SBO.net odds converter.
Asian Bookmakers UK
The benefits of using an Asian bookmaker aren’t just open to Asian punters. Many Asian bookies also accept players from across the world, including the UK.
If you’re looking for an alternative to UK bookies, why not check out our list of recommended Asian betting sites listed above. You can enjoy all the perks offered by these site including Asian handicaps, excellent odds and if you join a new site, a generous welcome bonus.
How We Find Legal, Safe Asian Bookies
Online Betting Companies
Despite there being different gambling regulations across the continent, at SBO.net the only Asian bookmakers we recommend are licenced, safe and secure.
Our team has researched the market and found the very best Asian betting sites for you to enjoy. All our recommended Asian bookies have:
- Brilliant reputations with their customers.
- Encrypted websites that keep you safe.
- Certified gambling licences.
Asian Bookies FAQs
It depends on what country you are in. Many Asian bookies accept players from countries like the Philippines or Macau but it’s best to check before you sign up.
Across Asia, many different odds formats are used including decimal, Hong Kong, Malay and Indonesian.
Top Spread Betting Companies
Asia is an extremely diverse continent, especially when it comes to sporting interests. This is reflected in sports betting too, but the most popular choices are football, basketball and cricket.
Increasingly yes. Betting, in general, is very popular and as a continent, Asia has a rich history of gambling. It’s not becoming more and more common for Asians to bet on sport online.