Over the years, sports betpoting has become more digitized. From bettors visiting bookmakers to watch the sporting events live and bet for their chosen players to punters sitting at home while watching sports events live on television and placing bets through the internet. Sports betting is indeed becoming modernized with the help of modern technology.
In Singapore, sport betting sites are popular because of how Singaporeans love sports and gambling. The contribution of the internet made it more convenient for bettors to watch and bet for additional earnings. Through modern technology, people can participate in sports betting anytime, anywhere.
Since sports betting is famous nowadays, questions may have come to mind about how it becomes legal.
How Sports Betting Became Legal
In Medieval times, people participated in sports betting secretly – it was a forbidden activity, and the religious leaders mandated laws to forbid sports betting. People enjoyed sports betting underground, away from the sight of the government.
Then, the Kings of England and France created a law for gambling in the 1190s, establishing the limitation of people who could gamble and the amount of money they could bet.
While in the late 19th century, the United States, Canada, and New Zealand established laws to create a standard to emerge sports betting industry among other nations which thought that sports betting is opening the doors for people to commit a crime.
Meanwhile, some countries realized that sports betting could contribute to economic growth, thus, making sports betting legal.
The Legality of Sports Betting in Singapore
The Singapore government banned all online betting in the country in 2016. They only allow state-owned gambling companies to continue online sports betting. In other words, sports betting is legal in Singapore unless a company establishes it through a legal process, and the right age for a player to gamble online should be at least 21.
Gambling activities are legal in Singapore if two licensed domestic operators, Singapore Turf Club and Singapore Pools, other exempted bookmakers, and sports betting affiliate Singapore have introduced the betting industry to the bettors. Any gambling activities that are not associated with state-owned companies are illegal.
Sports betting is fun when all processes are legal. Legal gambling prevents committing a crime and spending years in jail. It may be thrilling and fun but, there are limitations that you should need to consider before getting into the betting world.