iBet Malaysia Review

Pluses
  • Properly licensed and regulated by the Malta Gaming Authority
  • Enough payment methods for Malaysian punters
  • Secure SSL encryption of transactions
  • Plenty of sports to bet on
  • Betting markets are reasonable
Minuses
  • Gambling is illegal in Malaysia
  • Still a new sportsbook

While we were browsing different bookmakers in Malaysia, we stumbled upon iBet, which is a fairly new gambling site in the industry. That doesn’t bother us, because all bookmakers were new at one point.

You may be wondering now: is iBet legal in Malaysia? The answer is ‘no’. However, we still took the liberty to make a comprehensive review of this online betting site for Malaysian punters. Hope you learn a lot about this bookmaker from this review!

Credibility

Before we start ranting about anything else, we want to tell you that iBet is a safe online gambling platform to bet on horse racing and other sports.  It started its journey in 2021, so this one is still fairly new to the online gambling world.

Despite so, it has a valid iGaming license from the Malta Gaming Authority (MGA/B2C/748/2019). Backed by gambling organizations like eCOGRA to settle gambling disputes and issues, this Canadian sportsbook is doing quite well so far!

Welcome Bonus

Once you open the website, the Promotions tab is located at the top and quite easy to find. The 100% non-sticky welcome bonus promises a reward of €100 (equivalent to Malaysian currency).

This offer is only available to new customers of iBet and there is a specific validation of the offer. So, you should make deposits and play with the bonus money before it expires. The minimum deposit amount for the welcome bonus is only €10.

Besides, you must wager 40 times with the offered bonus within 30 days. Without complying with the terms and conditions of the welcome bonus, you won’t be able to claim the reward.

Other Offers & Promotion Code

Other bonuses that you may receive on iBet are free bet credits, iBet soccer tournaments, cashback, and deposit bonuses. There aren’t many bonuses on this platform, but that doesn’t mean they won’t be available later on!

While registering your account with the sportsbook, use iBet bonus code if they are available. Unlike other top sportsbooks, this one still needs time to build the platform up. So, please be patient!

Check offers and bonuses from other Bookmakers

50% bonus up to 300 000 + 50 Free Spins
Enjoy a 100% matched deposit bonus of up to 5 BTC
55000 TNB + 150 Free Spins
Welcome Deposit Bonus up to 180%
Bonus 100% up to ₹30 000
100% Welcome Bonus up to 3000 + 300 Free Bet
Welcome Bonus is 750 INR
1 deposit up to 20000 INR

Registration Process at iBet

To register on iBet, you don’t have to worry about paperwork. The process takes only a few minutes from your desktop or mobile site.

In order to qualify for registration on iBet live, you must be 18 years of age or older. Minors are not allowed to navigate or wager on gambling platforms, so beware!

Having said that, let us show you how you can register at iBet easily:

  1. Go to iBet.com and find the Sign-Up button in the top-right corner.
  2. Be prepared to enter some personal information, like email address, password, full name, date of birth, local residence, and preferred currency.
  3. Once you are done with the registration process, the site may ask you to verify your account.
  4. For verification, be ready with copies of your passport, driver’s license, national ID, utility bills, bank statement, and related documents.

Deposits & Withdrawals

Despite being a brand-new sportsbook, iBet offers a diverse collection of payment methods for deposits and withdrawals. Ideally, if you want quick transactions, then you should go for e-wallets, like Skrill and Neteller.

No matter which payment method you chose, all your transactions are secured by SSL encryption. With that cleared up, let’s look at your options for payment in iBet:

Payment Method Deposit Duration Withdrawal Duration Minimum Deposit
AstroPay Instant Under 24 hours €10 (equal to Malaysian currency)
Trustly 2 to 4 days 2 to 4 days €10
Skrill Instant Instant €10
Neteller Instant Instant €10
VISA/Mastercard 1 to 3 days 2 to 5 days €10
Bank transfer 1 to 3 days 2 to 5 days €10

Sports Betting at iBet

In Asia, iBet Malaysia has the potential to represent sports betting on a number of sports that are not limited to iBet cricket, tennis, cycling, darts, basketball, rugby, MMA, motorsports, table tennis, badminton, ice hockey, and so on.

You can bet on super league tournaments, test matches, and other major events that occur all over the world. Since live-streaming is available, watch the game live while you make bets on live iBet.

Live Betting

Live betting is a modern addition to online gambling sites that brings in a lot of punters. When you bet on live sports, you can do so while the match is still ongoing. It gives you plenty of time to analyze the situation and make informed decisions.

You can even change your bets based on the odds of the game. Besides, soccer results and iBet live scores are displayed on the site after the match.

Parimatch Odds & Markets

The markets in iBet horse racing bookmaker is not bad, but there is room for improvement. To expand in Malaysia, the bookmaker can focus on sports that are popular in the region. However, the odds are competitive, and the punters have a chance to bet on various markets.

Some of the bet types that are common on iBet are point spread, moneyline, outright, accumulators, parlays, proposition, handicap, futures, win, and totals.

Overall

There is little to complain about when it comes to iBet as an online betting site. Unfortunately, the platform has no scope for app download, so don’t trust any alternative link provided by third-party sites to download iBet app.

Further on the overall review of iBet, we think the sports market is incredible, even though horse racing can be added. The welcome bonus has a good value to offer, but we couldn’t find any free bet or free credit for the loyalty program.

The customer support team is good with live chat and Help Centre support. Besides, the payment methods are diverse, and the platform is legitimate. We just wish it success in the upcoming days!

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