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New Malaysia Betting Sites 2024

The sports betting landscape in Malaysia has witnessed significant transformations in 2024, with the advent of several new betting sites. These platforms, keen to carve a niche, have brought forth innovations and a wide array of betting options for punters who seek a thrilling wagering experience.

List of best new betting sites

Rank Bookmaker Rating Bonus Get bonus
1
5/5
WELCOME BONUS Up to 500 MYR
PlayRead review
2
5/5
288% Welcome Bonus up to MYR 2880
PlayRead review
3
4.5/5
Welcome bonus of up to RM 200
PlayRead review
4
4.5/5
150% up to MYR 1500 on first deposits
PlayRead review
5
4.8/5
200% welcome bonus up to MYR 388
PlayRead review
6
4.8/5
200% welcome bonus of up to MYR 1200
PlayRead review
7
4.5/5
Welcome Package up to 7,500 MYR + 150 bonus spins
PlayRead review
8
4.5/5
100% first deposit bonus of up to $150
PlayRead review
9
4.5/5
first deposit bonus of 100% up to MYR 588
PlayRead review
10
4.5/5
Welcome bonus of 100% up to 600 MYR
PlayRead review
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How New Betting Sites Are Regulated in Malaysia

In Malaysia, sports betting is surrounded by a complex legal scenario. The Betting Act of 1953 and other legislations put restrictions on betting, but the popularity of online sports betting endures. New betting sites often seek licenses from offshore jurisdictions like Malta, Gibraltar, or Curaçao to operate legally. These external bodies ensure that the betting sites adhere to fair and secure practices, even though they navigate a legal gray area within the country. Compliance with international standards is crucial for these sites to gain the trust of Malaysian bettors.

Pros and Cons of New Betting Sites in Malaysia

Pluses
  • New entrants strive to offer a comprehensive range of sports and wagering options to outshine competitors.
  • Modern technologies like live betting, virtual sports, and immersive interfaces are often seen in new platforms.
  • Lucrative sign-up bonuses and promotional offers attract bettors to try out new sites.
  • Seamless, user-friendly, and mobile-compatible designs ensure easy accessibility.
  • Offers various payment options, including cryptocurrencies, and caters to diverse preferences.
Minuses
  • Ambiguous legal standing may create doubt among punters.
  • New platforms need to work harder to establish their reliability and gain users' trust.

How We Rank New Betting Sites at Betting Malaysia

At Betting Malaysia, we prioritize presenting punters with the best options. Our ranking process is exhaustive and meticulously designed.

Licenses

A legitimate license is paramount. We verify the authenticity and credibility of the licenses held by the betting sites.

Odds and Payout Percentages

We assess whether the site offers competitive odds and high payout percentages, ensuring that bettors get maximum returns.

Variety of Betting Markets

We look for a diverse assortment of sports and betting markets, providing something for every punter.

Betting Offers

Exclusive, attractive, and fair betting offers are examined to ensure they enhance the betting experience.

Payment Methods

We check for the availability of secure, efficient, and varied payment options.

Betting Features

The presence of advanced features like live betting, streaming, and mobile compatibility is also scrutinized.

Bonuses You Can Find from Malaysia's New Sports Betting Sites

Betting sites in Malaysia

Bonuses are a key aspect new betting sites in Malaysia leverage to attract and retain players.

  • Welcome Bonuses: These are typically offered as a percentage match to the initial deposit, enticing new players.
  • Deposit Bonuses: Additional credits or bonuses are awarded when players deposit funds into their accounts.
  • Free Bets: These allow players to place bets without any financial risk, providing a free shot at winning.
  • Cashback Offers: A certain percentage of the player's losses may be returned to them, softening any potential financial blow.
  • Loyalty Programs: Regular players may be rewarded through points or exclusive offers that enhance their betting experience.

Understanding each bonus's terms and conditions is vital to making the most out of these offers.

How To Choose The Best New Betting Sites

Choosing the best new betting sites requires careful analysis.

  • Research Licenses

    Confirm that the site is licensed and regulated to ensure security and fairness.

  • Assess Odds

    Evaluate the odds and payout percentages to ensure potential profitability.

  • Review Bonuses

    Analyze the types and conditions of bonuses offered to gauge the site's attractiveness.

  • Check Payment Methods

    Confirm that the site offers multiple, secure, and convenient deposit and withdrawal options.

Top 3 Best New Betting Sites

Choosing the top new betting sites involves considering reliability, features, and user experience without explicitly endorsing brands.

#1 1Xbet

1xbet Malaysia

1xBet is a well-established online betting platform that has gained popularity for its extensive offerings in sports betting, casino games, live dealer experiences, and more.  With a global footprint. The attractive bonuses, such as the 100% matched bonus of up to 500 MYR, add to the platform's appeal.

Pluses
  • 1xBet Malaysia offers various sports, casino games, and live dealer experiences.
  • The platform is known for its attractive odds, potentially leading to higher returns.
  • Both the website and mobile app are intuitive and easy to navigate.
  • New users can enjoy a 100% matched bonus of up to 500 MYR on their first deposit.
  • 1xBet Malaysia supports various payment options, including cryptocurrencies.
  • 24/7 support is available through live chat, email, and phone.
Minuses
  • The interface may be overwhelming for beginners.
  • Some users find the bonus terms confusing and complex.

 

 

#2 Parimatch

sport betting parimatch

Parimatch, a well-known name in the world of online betting, has been making waves in the industry since its inception in 1994. With its expansion into various markets, Parimatch has established a strong foothold in Malaysia, catering to the needs of local punters and gaming enthusiasts. The platform offers a wide range of betting options, from sports betting to casino games, ensuring a comprehensive gaming experience for its users.

Pluses
  • Parimatch Malaysia offers a staggering 200% welcome bonus to its new users.
  • User-friendly interface that is easy to navigate.
  • Reliable and trustworthy platform.
  • Various customer support channels.
Minuses
  • Fewer local payment methods compared to competitors.

 

 

#3 iBet

iBet Malaysia

iBet Malaysia has emerged as one of the prominent online betting platforms in the Southeast Asian region, particularly in Malaysia. Catering to a wide range of gaming enthusiasts, the platform offers an array of games, from popular slots to the traditional 4D lottery. With its enticing bonuses and user-friendly interface, iBet Malaysia has managed to carve a niche for itself in the competitive online gambling market.

iBet captivates with various bonuses, including a 200% first deposit bonus for popular slots and a unique 4D 12% welcome bonus.

Pluses
  • The platform provides a 200% first deposit bonus on slots and a unique 4D 12% welcome bonus.
  • iBet Malaysia offers a diverse selection of games, including slots, live casino, sports betting, and 4D lottery.
  • The platform is easy to navigate for both beginners and seasoned players
  • Advanced encryption technologies ensure data privacy and secure transactions.
  • 24/7 customer support is available to assist users.
Minuses
  • Sports betting options may be limited.
  • The platform could benefit from a wider range of payment options.

 

Payment Methods at New Betting Sites that Are Available to Sports Bettors in Malaysia

Ensuring a smooth and secure transaction process is pivotal for any betting site aiming to establish itself in the Malaysian market. Below are some payment methods available to sports bettors in Malaysia, each catering to different needs and preferences.

Debit and Credit Cards

Debit and Credit cards are a classic and universally accepted payment method. Brands like Visa and MasterCard are commonly used due to their reliability. These cards facilitate immediate deposits and offer a straightforward withdrawal process. They also come with added security features like two-factor authentication, making them a popular choice among punters.

eWallets

eWallets such as Skrill, Neteller, and PayPal have gained prominence due to their ease of use and swift transactions. eWallets enable bettors to keep their gambling funds separate from their main bank accounts, providing an additional layer of privacy. The transactions are usually processed quickly, with instant deposits and withdrawals taking only a few hours.

Bank Transfer

Bank transfers remain a trusted option for many bettors. They involve transferring money directly from a user’s bank account to the betting site. While this method may be slower, it is highly secure and often allows for larger transaction limits. Many Malaysian punters prefer bank transfers for the sense of familiarity and trust they offer.

Cryptocurrencies

With the rise of digital currencies, many new betting sites have started accepting cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Cryptocurrencies offer anonymity, as transactions do not require personal information. Additionally, cryptocurrency transactions can be processed quickly, and they usually have lower fees compared to traditional payment methods.

Author
Jarin Ahmed
Like many aspiring writers, Jarin focuses on bringing life to the text for her readers. She is an avid sports lover, growing up in a family obsessed with bookies. She is an expert in the iGaming niche and has secondary obsessions with Gardening and cooking.
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