How do Asian betting sites compare to other bookmakers?
The main difference between Asian sports bookmaker sites and other sportsbooks mostly lies in the scope of their operations. Of course, there are many bookmakers in other nations that promise various benefits to the average punter, but Asian bookies are still a popular option in the gambling market. Here’s how they compare with European bookmakers and International sports betting sites.
Comparison with European bookmakers
Asian bookies are a strong alternative for billions of professional sports bettors online thanks to their favorable odds and a wide array of handicaps. European bookmakers, on the other hand, are known for offering some great freebies to attract the average punter. However, the truth is there are pros and cons for both options depending on your budget and goals.
European bookmakers are a popular option since most bookies are well-known brands that have been in the market for years. Moreover, European odds are based on a simple 1X2 concept that is easy to understand, even for beginners. But compared to Asian bookies, European bookmakers offer slightly lower odds.
Compared to international betting sites
But how do Asian bookies compare to International betting sites based in the USA, Malta, and other offshore betting markets?
Compared to International betting sites, Asian bookmakers are popular for their high odds, a wide variety of betting options, and availability of local Asian competitions. However, with gambling restrictions in countries like Singapore and China, many Asians are turning to international gambling sites.
How to Choose the Best Asian Betting Site?
With online sportsbooks gaining popularity across the world, several bookmakers have risen in the Asian betting market. These bookmakers not only accept sports punters from Asia, but other countries in Europe, North America, and Africa.
So, how can you choose which bookmaker is legal, safe, and reliable? Here’s how you can choose the best Asian sportsbook to place bets on your favorite sports.
Compare the betting options and match them to your needs
When placing wagers on leading sports, you have to strive to get the best odds possible. It’s for this reason that new sports punters need to research which Asian bookmakers have the best odds in the betting markets that they’re interested in. As such, we recommend using odds portals to compare the betting options and odds available for every sports event or game.
If you compare the available betting options and odds, it’s easy to choose the best Asian bookies for the specific type of bet you intend to make. You might have to create several Asian betting accounts, but the effort will be worth it. Additionally, creating a gambling account also gives you the perfect opportunity to test out the welcome bonus package.
Check bookmaker reputation and payout rate
When reviewing top bookies in Asia, it’s essential to consider the operator’s reputation in the industry. Reputable Asian bookies are known for their trustworthiness and reliability, which instill confidence among punters when placing bets. It’s important to check the bookies’ track record in promptly paying out winnings.
Conversely, Asian betting sites with a questionable reputation may have a history of having issues paying out their players’ winnings. That erodes the trust among the players and contributes to a negative user experience. As such, it’s essential to research a bookmaker’s industry reputation before registering your betting account.
Read up on users’ reviews
Before you start gaming on a new betting site, it’s worth reading multiple user reviews about the platform or the managers. That gives you different opinions and perspectives about the casino platform, which gives you a better understanding of what to expect when you join the site.
User reviews can narrow down the strengths and weaknesses of every gambling site, but you need to know what to check when reading reviews. The information available in these reviews ranges from web design to available markets, support options, and more.
Test and explore the selected site and its terms and conditions
Like other service providers, Asian betting sites operate under a specific set of terms and conditions. These terms and conditions include wagering requirements, time limits for bonuses, excluded payment methods, applicable fees, and betting/ withdrawal limits.
Reading the terms and conditions gives you a clear picture of what to expect and the basis of a casino’s conflict resolution. Going through the terms and conditions also helps you to secure your data from malicious sites and easily know the restricted countries for different operators.
How to Bet Online on Sports at Asian Betting Sites?
Now that you understand how you can choose the best bookie, it’s time to choose the right choice for your betting needs and start the registration process. Here’s how you can do that in three simple steps:
- Sign-up – Locate the sign-up button on the Asian bookmaker’s website and start the registration process. You must be 18+ years old to register your account and start placing wagers on your favorite sports.
- Verify – The verification process ascertains your age, identity, and nationality but comparing the details provided during the registration process with your official documents.
- Place your bets – Now that you have created and verified your betting account, it’s time to deposit your first deposit and start wagering. Some operators may offer you a welcome bonus.
Banking Options at Asian Sites
Asian bookmakers accept both local and international payment methods when depositing and withdrawing your funds. Local currencies like the Chinese Yuan or the Indian rupee are widely accepted without any conversion fees, but international punters can also wager using other currencies including the Euro and USD. These local and international payments are facilitated by safe and secure banking systems, including:
Credit or Debit Cards
Most Asian gambling sites accept deposits through debit and credit cards since they’re readily available, safe, and secure. Some of the most widely accepted debit/credit cards in Asian gambling sites include Mastercard, Visa, and American Express.
Local Bank Transfers
If safety is your top priority when depositing and withdrawing money from Asian sportsbooks, then bank wire transfers are the solution. Local bank transfers feature sophisticated KYC procedures, which feature multiple security levels to prevent illegal activities like fraud. However, local bank transfers can take 2-5 days to complete, causing slight delays in withdrawals and deposits.
E-wallets like Neteller, Muchbetter, and Skrill have become staples in Asian bookmakers. These electronic wallets facilitate cross-border payments across many countries in different continents and you can top up the wallets using different local banking methods. Some e-wallets like Skrill also accept deposits through hundreds of local payment methods available in Asian countries.
Vouchers and Pre-Paid Cards
As a casino payment method, vouchers and pre-paid cards are worth the same as bank card accounts. You can buy prepaid cards like MasterCard or Visa, load them with the amount you want, and start making deposits on Asian sportsbooks. However, they don’t need to be connected to a bank account and you can’t withdraw your casino winnings into a prepaid card.
Bitcoin, Tether, Litecoin, and other cryptocurrencies are among the most prominent payment methods in the Asian sports gambling market. These crypto transactions facilitate fast deposits and withdrawals while securing the player’s data and money through blockchain technology. Additionally, crypto transactions facilitate anonymous betting.
Asian Handicap Betting – a key advantage of Asian bookmakers
Asian handicap is a style of betting on sports that involves giving one team or player a virtual advantage over the opponent. The differential varies depending on a number of factors, including form, historical performance, home-field advantage, financial strength, and player availabilities (injuries and suspensions).
One of the main features that make Asian handicapping a huge advantage of Asian bookies is that it eliminates the possibility of draws, which are bound to happen in sports like soccer. Unlike the traditional 1X2 bet, Asian handicaps can make it a two-way bet. Additionally, handicaps can be expressed in terms of points or goals to be added or deducted from the final score, depending on your wager.
By eliminating draws and introducing handicaps, Asian handicap bookmakers reduce the risk associated with traditional betting where two-thirds of the result may lead to losses. With handicap bets, you stand a 50% chance of winning and there’s a wide range of betting options, from winning margins to differences in corners and bookings.
What other types of gambling sites are popular in Asia?
While online sports gambling is still the main attraction towards Asian platforms, there are various types of gambling sites operating in the region. These gambling sites can be classified into three groups:
Asian Online Casino
Although not many Asian countries have legalized casino gambling, Asian online casinos are growing in popularity among gamblers looking for a traditional gaming experience. These gaming sites provide a variety of casino games, including slots, roulette, and blackjack.
Asian Betting Agents and Sportsbooks Brokers
An Asian betting broker or agent is an organization or individual that accepts and pays out the wins on different sports bets. They are basically third parties that aggregate sports odds, take deposits on sports bets, and pay out the winners on behalf of sportsbooks.
Asian Betting Exchanges
Asian betting exchanges are essentially contemporary platforms that are gradually emerging as alternatives to conventional online bookies. These betting exchanges operate as marketplaces, enabling the users to set the odds and bet against the odds at the same time. That gives punters and bookmakers more flexibility.
Popular Sports for Betting in Asia
Online bookmakers in the Asian market focus on a wide range of sports and leagues. While European and international football competitors are universally well-liked by punters worldwide, leading Asian bookmakers also focus on International and national leagues that comprehensively cover local events.
In Korea and Japan, for instance, baseball is largely a famed sport, with bettors placing wagers on MLB and other homegrown leagues. In India, cricket is all the rave. Additionally, sports like tennis and golf are also featured in Asian bookies alongside North American leagues like the NBA, NHL, and NFL. Here are Asia’s top sports that offer odds on different outcomes.
Football – The most popular sport in Asia
Like in most places across the world, soccer is Asia’s most popular betting sport. The sport is a fan favorite for many Asians, with millions betting on international events like the FIFA World Cup and European competitions like the English Premier League, UCL, and La Liga. Additionally, Asian bookmakers also pay attention to national and local leagues like K-League, Chinese Super League, and more.
Cricket – Top Sport in South Asia
Cricket is an incredibly popular sport in different South Asian countries, holding a special place in the hearts of many fans in the region. As such, South Asian countries like Sri Lanka, Pakistan, Afghanistan, and Bangladesh have enthusiastic cricket communities that passionately follow the sport while wagering.
Racing events on Asian bookmakers consist of top American and British events like the Kentucky Derby or the Cheltenham Festival. Most of these Asian-facing gambling sites also offer a Facebook devoted to national and local equestrian events. Additionally, some sites also feature cockfighting and greyhound racing markets.
With the Asian market accounting for about 50% of the total revenue from the esports betting market, it’s clear that video games are reshaping the digital gambling world. South East Asia is also home to more than 250 million video game enthusiasts, who bet over $4.4 billion annually.
Besides football, cricket, horse racing, and esports, Asian bookmakers also offer great odds on other sports events, including:
- Tennis and Table Tennis
The most popular types of bets in Asian Betting
Asian betting sites are known for offering a broad range of betting markets, spanning from straight-up 1X2 to over/under, corners, and more. Here are the most popular types of sports bets placed by Asian bookmakers.
- Over/Under – This betting market involves predicting whether the number of goals scored with be over/under a certain number e.g Over/Under 2.5.
- Corners – Similar to the over/under market, corner bets involve predicting whether the number of corners in a game will exceed a particular number e.g. Over 8 corners.
- Total Goals – Besides betting on the Over/Under market, many punters also choose to wager on the total number of goals in a match.
- Odds or Evens – This betting market involves predicting whether the number of goals scored by both teams in a game will either be an even or odd number.
- HT/FT – It involves predicting the results at half-time and full-time.
- Correct Score – This bet is all about predicting the correct score of every team in a game. For instance, you can bet on a correct score of 2-2 on Manchester United vs Manchester City.
- Bookings – Involes betting on the number of red and yellow cards in a game.
- Outright Markets – These types of bets cover the outright winner in a competition or a sports event like the World Cup or league soccer.
Asian Bookies Odds
Asian gambling sites generally feature four types of odds, including international format odds (decimal odds), Malay odds, Indonesian odds, and Hong Kong odds. However, the potential payout remains the same.
Worldwide Odds Formats
Three types of bookmakers odds are common in international, European, and offshore Asian bookmakers. That includes:
European or decimal odds are popular among Asian bookmakers that welcome players from Australia, New Zealand, Canada, and continental Europe. These odds are easy to understand and work with since the underdogs and favorites can be spotted quickly by looking at the numbers.
The number on the decimal odds represents the amount a punter wins for each $1 wagered. In other words, the decimal number also includes your stake, meaning there’s no need to add it back. For instance, if you bet $10 on an event with 2.24 odds, your potential win will be (2.24 x $10)=$22.4.
- American or Money Line Odds
American or moneyline odds are popular among punters in the US. The negative sign denotes the favorites and shows the amount of cash you’ll need to stake to get $100. The positive sign on the other hand shows the underdog and indicates the amount you’ll win for every $100 you stake.
- British or Fractional Odds
British or fractional odds are the most traditional and popular sports odds. These are normally written with a hyphen (-) or slash (/). For instance, a fractional odd can be written as 6/1 or 6-1, meaning that you stand a chance to make $6 for every $1 you bet. That means your potential win in this case will be $7 when you add back your wager.
Mala odds are given as a positive or negative number that’s greater than 1. Unlike other odds formats, negative odds represent the underdog while positive odds represent the favorites. When Malay odds are negative, they represent the amount you need to wager to win 1 unit. For instance, -0.75 Malay odds means you bet $0.75 to win $1 or $75 to win $100.
Indonesian odds formats are similar to American odds, but display the figures in 100s instead of decimals. For instance, -250 American odds translate to -2.50 Indonesian odds.
Negative Indonesian odds display how much you need to bet to win a unit. For instance, -2.50 means you bet $2.5 to get a $1 profit. Positive Indonesian odds, on the other hand, show you what you will win with a single unit bet. For instance, +3.45 in Indonesian odds means you’ll $1 to win $3.45.
Hong Kong Odds
Hong Kong odds are among the simplest Asian bookie odds formats. These odds are presented with a positive number, normally with decimals. The Hong Kong odds represent the amount that a bettor will get paid and the stake required for every wagered unit.
For instance, if the Hong Kong odds are 0.820, you’re wagering on a favorite and you will receive $0.82 in winnings for every $1 staked. If the Hong Kong odds are 2.50, you’re wagering on the underdog and you will receive $2.50 (plus your stake) for every $1 risked.
Conclusion: why choose Asian betting sites?
Asian bookmaker sites are widely gaining popularity among professional sports punters for several reasons. For starters, they deliver a diverse range of betting markets that rivals the traditional sports market. That includes a diverse range of Asian handicaps, featuring everything from betting on goal/point margins to corners and more. Additionally, these benefits are also available to sports punters from other continents, including Africa, Europe, and North America.
FAQ about Asian Bookies
❓⚽️ ➤ What are Asian bookies?
Asian bookies are popular sports gambling sites that originate from Asia, with unique odds formats for sports betting. These sites have plenty of solid odds and handicap markets, attracting players from across the globe.
❓⚽️ ➤ What is the best online handicap site in Asia?
With the popularity of Asian handicap betting among skilled punters, there are plenty of handicap sites that you can trust. Some of the best handicap sites in Asia include BC.Game, 1XBet, Crypto Games, Dafabet, and 22Bet.
❓⚽️ ➤ What is Asia’s best betting exchange?
While betting exchanges are still relatively new to many Asian punters, there are several top contenders you can trust. Some of the most reliable betting exchanges in Asia include Betfair, OrbitX, Smarkets, and Matchbook.
❓⚽️ ➤ Which is the best bookie in Asia?
The best sports bookie in Asia depends on a number of factors, including odds, reputation, regulation, and gambling options. That said, some of the best bookies that tick all the right boxes in this sector include Dafabet, 188Bet, MaxBet, and M6-Sports.
❓⚽️ ➤ What is the biggest sportsbook in Asia?
1XBet is the biggest and most reputable online sportsbook in Asia. Thanks to its exclusive bonuses, competitive odds, and variety of sports betting markets, 1XBet has remained a market leader since its launch in 2011.
❓⚽️ ➤Who is the best bookie in the world?
When it comes to betting on sports, Betway is the best and most accessible platform for gamblers in Asia and abroad. However, there are several reliable bookies you can trust, including 22Bet, 10Cric, MegaPari, and more.