Just like in several other Asian countries, sports betting Malaysia has become very popular. There are plenty of betting sites offering different sports and a wide variety of markets to stake on.
As a newbie in the sports betting industry, it can be quite difficult to decide which option is perfect for your needs. But in this guide, you will get all the information you need about sports betting Malaysia so that you can get started.
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Different Types of Sports Betting Malaysia
There are several types of sports betting available for gamblers in Malaysia to enjoy. Each type has its own advantages and disadvantages, so it is left to the players to decide which one they want to wager on. The four major sports betting types in Malaysia include:
- Match Betting: In this type of betting, players place small wagers on the results of individual matches. Match bets usually have higher payouts than other bet types, but they are also very risky because it is possible that some matches are not played to the end.
- Forecast Betting: This type involves predicting the result of matches that are going to be played. Placing forecast bets carries a large amount of risk, but they are also very profitable if the correct prediction is made.
- Prop Bet: Prop bets allow you to bet on the outcome of in-game situations, such as the player who scores first or which team will win by a particular margin. Since prop bets are based on chance instead of prediction, they are harder to get right.
- Multi-Event Betting: With this bet type, you can wager on multiple events at the same time. Multi-event bets are less risky than match or forecast bets, so they tend to offer smaller payouts.
Popular Sports Types for Online Sports Betting Malaysia
Malaysian players can choose from a variety of sports to bet on. With each of these sports, there are a range of betting options available. Some of the most popular sports in Malaysia include:
- Horse Racing: This is the most popular option when it comes to sports betting Malaysia. Unlike other forms of sports betting where the odds are fixed, horse racing uses a ‘parimutuel’ wagering system. This means that players bet on the horses against one another rather than against the house. So, the more wagers placed on a particular horse to win, the lower the payout. Bookmakers also have odds for specific race types, including sprints and handicaps. You can also bet on entire races instead of individual horses.
- Football: Football is one of the most popular sports in the world and offers several betting options for Malaysian gamblers to wager on. To bet on football, ensure that your bookmaker offers the league that you want to wager on. The two most common football leagues in Malaysia are the Premier League Singapore (PLS) and the Malaysian Super League (MSL). The odds for the PLS are usually larger than those for the MSL, so you should check out the two of them before betting. Some bookmakers also allow their members to bet on football matches across Europe, such as the English Premier League (EPL), La Liga, Serie A, Ligue 1, Bundesliga, Champions League, and Europa League.
- Basketball: Apart from football, another popular sport around the world is basketball. Most Malaysian gamblers bet on matches from the Malaysian Basketball League (MBLeague), but you can also wager on the NBA as well as basketball games from other leagues. Individual matches or entire rounds of fixtures can be selected as bets. Bookmakers also offer great odds for those that want to predict game winners, tournament winners, the Most Valuable Player (MVP), and so on.
- Tennis: Another popular sport in Malaysia is tennis, and it is available on several bookmakers. Although there are lots of betting markets on tennis, the most common is to wager on whether a certain player will win or lose at set point. You can also bet on match points, sets and tiebreaks.
- Crickets: Malaysians love crickets, so it is only normal that bookmakers accept wagers on cricket as well. Players can predict the outcome of a cricket match between two teams. You can also place over/under bets based on your predictions.
- Rugby: Just like cricket, you can either bet on the winner of the match or use the over/under market to give yourself more betting options.
- Badminton: Badminton is another popular sport in online betting Malaysia. There are several betting markets, but the most common is to predict the winner of the game.
How to Get Started In Sports Betting Malaysia
Before you can start sports betting, you have to sign up and register with an online bookmaker. Although there are lots to choose from, Maixim88 is one of the best options for newbies.
Maxim88 is quite popular among Malaysian bettors because it has all its licenses and security details in place. This online casino has competitive odds and a mobile-compatible site. There are numerous payment options available, allowing you to select your preferred option. Players also enjoy regular bonuses and promotions, including Welcome Bonuses, Deposit Bonuses, VIP offers, Cashbacks, and Freebets.
To get started on Maxim88, simply fill in your personal information on the registration page and verify your account via email. Afterwards, you can make your initial deposit and start betting.
Tips For Newbies to Bet on Sports Betting Malaysia
Even if you are new to sports betting, it does not mean that you have to bet blindly. It is important to protect your bankroll smartly, so here are a couple of tips that can help you bet without losing your hard-earned cash.
Carry Out Your Research
Before you can consistently make money through Malaysian sports betting, you must have an in-depth knowledge of how the different sports work. Also, ensure that you understand the different betting markets and which ones are more likely to pay out. While this might seem like hard work, it will help protect your bankroll.
Get Huge Odds
When betting, you should try to get the best odds you can. This means picking a bookmaker that offers competitive odds. Maxim88 is one of the best Malaysian bookmakers for players looking for huge odds.
Stay Safe Online
It is also important that you stay safe while betting online. Ensure that you input the correct personal information into your casino account and use a secure password to protect the account.
Take Advantage of Bonuses and Promotions
Most bookmakers offer special welcome bonuses to attract new customers. They also offer additional promotions and rewards to existing players. These help to increase your bankroll and extend your bets. Make the most of these extras to boost your payouts.
Do Not Play Favourites
If you have a favourite team, you should know that only betting on them to win can be dangerous. Always ensure that you are betting with your head at all times.
Set a Limit and Stick to it
As a new player, it is easy to get swept up in the heat of the moment. So, remember to set limits and not exceed them. When you start winning, it is advisable to quit while you are ahead so that those wins do not become losses.
Stop When You Are in a Slump
One sure way to end up in serious trouble is to attempt to chase your losses. So, always think of each bet as separate from the previous one. This will allow you to make clear and rational predictions. In addition, you can visit here https://220.127.116.11/category/maxim88-tips/ to know more Maxim88 tips.
In addition to these tips, you must continue learning and growing so as to become a more successful sports bettor. You should also keep up with new trends in sports and bet intelligently so that you can continue to win consistently.