In order to do any transaction online, a primary requisite is to have an account on the site in which you want to do some transactions. Same is the case in online betting. Whichever site you choose to do online betting, you need to first create your account on that particular website. Singapore, which is world famous for operating both offline and online casinos legally, follows the same rule for online betting. But before focusing on the steps on how to open an online betting account in Singapore, we must see some prerequisites for opening a betting account in Singapore.
Prerequisites To Open A Betting Account:
- Must hold Citizenship of Singapore or must be a Permanent Resident, or a foreigner residing in Singapore, holding a valid Singapore Foreign Identification Number (FIN).
- Age criterion is of minimum 21 years.
- Must have a local mobile number.
- Must have a Singapore residential address.
- And, must not be subjected to any of the exclusion orders of Casino Control Act by Singapore government.
If you fulfil the above prerequisites, then you are eligible to open an online betting account per the Singapore Government.
Steps to Open An Online Betting Account:
To start placing bets online, all you need to do is open an account with at least one bookmaker. And, how to choose that one bookmaker and create your account with that bookmaker is explained below.
Step 1: Identify Trusted Bookmakers– The first step to open a betting account is to recognise and trace a reputable and trustable bookmaker from the crowd. Read about the reviews and conduct a thorough background check of the bookmaker whom you have chosen to trade with. Because there are many such online websites who will lure you to open an account with them and as soon as you deposit money to start trading you will see the website has crashed and your money has gone. It is recommended to open an account with more than one bookmaker because most bookmakers welcome new participants with free bets up to a specified value. Opening multiple accounts also help you to differentiate the best and choose accordingly.
Step 2: Navigate to a Bookmaker’s Website- After choosing the best bookmaker for your betting, all you have to do is open your chosen bookmaker’s website. When you land on the bookmaker website’s homepage, click on “Join Now” tab or “Bet Now” tab or “Open An Account” tab to create your account.
Step 3: Fill-Up The Registration Form- On performing Step 2, you will be taken to a page which has a
registration form on it, which you need to fill up and submit in it online.
Generally, the following credentials are required to fill up the form.
● Your full name, email address and residential address.
● Your date of birth to verify that you are 21-year old or above.
● Your country of residence.
● The currency you wish to trade in.
● A username and a
Further, you may be asked to choose a security question and submit a correct answer in respect to it, for later use in verifying your identity. The registration form gives you access to bookmaker’s “terms and Conditions”, which you must read thoroughly before proceeding with your registration. From these T&Cs, you will be able to learn how to place bets on their website, what are their money depositing and withdrawal policies, is there any registration charges or not, is there any security deposits or not, etc. after completing the form click the “Register Now” tab to successfully submit the form.
Step 4: Deposit Funds- After successful registration, you need to upload money into your account or link your bank account with your betting account (may be asked at the time of form fill up) so that you can start betting. All leading websites accept recognised credit and debit cards and also online money wallets like PayPal, Skrill or NETELLER, etc. The money which you win in your bettings will also be credited in the account which you have provided or linked. If your bookmaker offers you a free bet at the time of joining, then you may be required to deposit a certain amount as security deposit with them, ranging between 5-10 Pounds.
Step 5: Start Placing Your Bet- Once you have successfully uploaded your desired amount in your betting account, you can start placing bets limited to the amount you deposited. And to earn a free bet, you have to place one or more bets of a certain value by using your own funds. In your account profile, you will see options such as track your balance, add or withdraw money, profile change, etc.
The above article will act as a guide for you to open an online Singapore Betting Account successfully, without any help or issues. So, go ahead and start betting now.