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Sports Betting

FOOTBALL BETTING: WHICH LESSON SHOULD BE LEARNT FROM SINGAPORE? (PART 02)

Singapore Pools organizes betting for all the football tournaments and champions all over the world, national football tournaments of some developed football nations in Europe, Asia, Australia and Singapore. Nowadays, on the official website of Singapore Pools, many “king of sports” addicts who are fond of betting can place bet on tournaments and matches in UEFA Champions League, Europa League and other national tournaments, whether they are competing or friendly ones of England, French, Italia, Japan, Korea, Spain and Singapore.  

Hosting and organizing professional football tournaments and being the first to turn football betting into legal  in the South East Asia, it comes as no surprise when on the list of the International Federation of Football History & Statistics (IFFHS) during the period from 2001-2011, S-League of Singapore always stands in top 1 of the region (ranked 82th), above V-League of Vietnam (ranked 88th), Thai-League of Thailand (ranked 89th), Malaysia Super League of Malaysia (ranked 91th)…

Is this a “two-edged sword”?

It is the high time for the South East Asia regions to take football betting into consideration seriously to turn it into legal. However, if this is not executed carefully, football betting will be a “two-edged” sword, as the football development of many Asia regions would be threatened or stand on the edge of cancelling when players and organizers are aimed to be the “preys” of greedy bettors.

During a court to deal with the darkside in China football, referee Huang Junjie was announced to come up with a 7-year sentence as being involved in serious football cheats for betting. Typically, in the friendly match between Shanghai Club and Manchester United in 2007, a football market in Hong Kong requested Huang to set up the match with the final gap score must be 5 goals for M.U.

Categories
Sports Betting

FOOTBALL BETTING: WHICH LESSON SHOULD BE LEARNT FROM SINGAPORE? (TO BE CONTINUED)

In South Asia, football betting is no longer a big deal which has appeared in many nations such as Malaysia, Singapore, Philippines, Vietnam and recently, Cambodia. However, football betting is considered to thrive most successfully in Singapore with the renowned betting firm named Singapore Pools, one of the biggest sponsors for S-League.

The betting activities taking place in Singapore have been legalized since 1968 with the establishment of Singapore Pools. According to the regulations of Singapore Pools, the participators who take part in any types of betting, casinos or lottery need to be at least 18 years old. Nowadays, there are several types of betting which Singapore Pools has been organizing, including football betting, bet on the Formula One Race (F1), 4-Digits (4D), Toto and the latest, Scratchit with the price of 1,2,5 and 10 SGD and Sweep with the price of 3 SGD.

The customers of Singapore Pools can also sign up the golden or platinum PoolzConnect account to play bet or buy “numbers” via telephones. However, the compulsory requirement for players is that they must  be over 21 years old. The golden accounts are opened for foreigners under the financial condition that they must afford at least 250 SGD in their bank account, while the platinum accounts are only tailored for Singaporean. 

In betting on sports, Singapore only puts limit on the minimum bet which is 5 SGD, there is no maximum one. The winner of any plays and bets which rewarded prize is below 5.000 SGD will be given the money via bank account, or via cheque only if the prize is over 5.000 SGD. Singapore government believes that, by this way. taxes on personal income can greatly be under control.