There’s an abundance of offshore betting sites in Malaysia. It’s simply because the government doesn’t allow betting sites that are based within the country. From what we’ve seen, the majority of the operators are based in either Curacao or in the Philippines. The bonus provider in question today, iBet, is also a Filipino brand!
In this post, our main focus is on the welcome bonus it offers for Malaysian punters. We’re going to evaluate the claiming process as well as the terms and conditions needed to unlock the bonus for withdrawal.
iBet Sports Welcome Bonus
Let’s shed some light on the bonus before we do anything else. It’s a deposit match bonus which means you’re not getting any iBet free bets this time. After your first deposit goes through, the operator of iBet will match it by 100%. The match amount is capped at MYR 588. It’s somewhat an arbitrary number for a bonus but if it works, it works.
Once you get the bonus, you can use the funds to increase the number of bets you would have otherwise placed. Or, you could double the stake for the same number of bets.
It’s ultimately your call and that’s what we like the most about 100% iGaming bonuses. It lets you customize the bonus for applications that actually matter to you. If you got iBet freebets, on the other hand, you could only place the bets on pre-selected sports events.
Promo codes or bonus codes, whatever you may want to call them, are not a common accessory to betting bonuses. Many online gambling sites impose them on their bonuses to make the bonus exclusive.
They’re “exclusive” in the sense that if you don’t know about the code, you won’t get the bonus. it makes people want to look out for these codes which in return, increases brand awareness for that particular betting site. Thankfully, you don’t have to use any such promotion code on iBet. Rather, you’ll need to collect coupons from the site.
How to Claim the Welcome Bonus
To make sure that you’re getting the bonus in your account in the first place, you need to claim it correctly. Just follow along with our guide.
- Sign up for iBet website by simply clicking on the “REGISTER” link on the homepage.
- After your account is ready, you should find a “Coupon” section on your account interface. Choose the 100% welcome bonus from that list.
- Once you choose the coupon, the site projects your bonus winning based on your deposit amount as well as your wagering requirement.
- If everything plays out as it’s supposed to, you’ll receive the bonus in your account right away.
iBet Bonus Terms and Conditions
This is arguably the most important part of our guide so pay attention. If you miss any of these T&C while wagering, you’ll lose the bonus forever.
The wagering requirements for the iBet welcome bonus is 18x deposit + bonus. So, it’s technically 36x wagering on the bonus as it’s a 100% match. This is somewhat on the higher side for an online sportsbook. In our experience, reputed bookmakers stick to under 20x wagering for the welcome bonus.
You get 30 days to use the bonus funds from the date it’s credited into your account. It means you need to wager the bonus and the deposit within 30 days. As the WR is on the higher side to begin with, it only makes sense that the bookmaker gives you enough time to complete the process.
Interestingly, there are no minimum odds restrictions or bet restrictions for the iBet welcome bonus in Malaysia. You can use the funds for all the offered sports.
Except for the high wagering requirements, we really like the iBet welcome bonus in Malaysia. The amount you can win, MYR 588, is a great way to boost your bankroll in the initial days of betting. You can virtually spend double the money and win double the amount you would otherwise win.
So, if you’re looking for a good welcome bonus at an online bookmaker where you have a huge collection of sports betting options, iBet could be an excellent starting point.