Betting on Sports in Bangladesh
The only legal form of gambling in Bangladesh is betting on horse racing. Horse racing is very popular, and Suhrawardy Udyan, located in Dhaka – formerly known as Ram Kurs Ramny – regularly hosts such contests.
The Gambling Act of 1867 clearly states that betting is allowed only under certain conditions. Betting is only allowed during horse racing, at the racetrack and through an authorized bookmaker.
Online Sports Betting in Bangladesh
There are no online sports betting sites in the country, as betting in this country is limited to horse racing and the state does not issue licenses to operators of online gambling sites. Nevertheless, local players wishing to bet online on sports can access any foreign portal that accepts players from Bangladesh.
Choosing a Bookmaker
Choosing a bookmaker is not always an easy task, especially when it comes to more inexperienced players who want to start their journey. Nevertheless, there are a few tips that may prove important when choosing.
Security and Licensing at Bangladesh Bookmakers
With the Internet becoming an increasingly popular place for fraud and other such crimes, it is crucial that you consider the platform you choose in terms of its safety and legality. Always choose a bookmaker with the best security protocols and which operates legally. This way you will be protected from various problems that may arise.
Best Odds and Various Sports Disciplines
Be sure to choose an online betting site in Bangladesh that has favourable odds and offers you a large selection of sports to bet on. When we talk about odds, we are touching on the most obvious aspect of player success, as the best possible odds will indicate a big profit, which will be crucial in the long run.
As for the choice of sports, there are more and more markets available with excellent betting opportunities, which is vital for some players who prefer to bet online on different sports disciplines.
Payment Methods at Online Bookmakers in Bangladesh
One of the features that have become crucial when choosing a sports betting site in Bangladesh is the payment methods they offer to their users. And the more there are, the better. Many people are still suspicious of this industry, so the choice of e-wallets is very important. The ability to conveniently and quickly conduct your transactions is without a doubt one of the most important parameters when choosing a location for betting online.
Ease of Use
It may not seem like it, but a site with a nice layout and simple navigation can make a big difference, especially for more experienced players. Players in Bangladesh are looking for faster access to certain markets and software that is more intuitive when it comes to placing bets online, which can be crucial to player success. So be sure to look for an online betting site that is easy to navigate and not too confusing when searching for events to start betting on.
How to Bet Online in Bangladesh
Although it’s an extremely exciting world, some caution should be exercised before betting, after all, caution is never too great when it comes to financial transactions (and laws, too). This is basic advice on how to register and bet online in Bangladesh.
Step 1 – Find a Betting Platform in Bangladesh
Although there are several “hacked” sites out there, find a site with a good reputation and reviews from customers. Don’t be lazy to spend twenty minutes studying the reviews – this will keep you away from online scammers.
Look for the bonus.
The vast majority of betting sites in Bangladesh offers a welcome bonus. This is an amount directly related to your first deposit that usually allows you to bet for free. As terms and conditions change, it’s worth keeping an eye on the amount of the bonus and if there is any promotion related to a particular championship. If you use the online betting bonus wisely, you can immediately double your initial investment, increasing your chances of profit.
Step 2: Sign Up for an Online Betting Site in Bangladesh
Once you’ve chosen the Bangladesh betting site that best fits your profile, it’s time to learn how to sign up for it. As with most websites around the world, the idea is to create an account with a username and password – to facilitate deposits, withdrawals, etc. Rest assured that they won’t ask for a lot of personal information: it only takes a few minutes.
These are usually basic questions such as full name, date of birth, CPF, address, email, phone, username and password. Here’s a warning – always fill out your information as accurately as possible (especially the CPF), as sometimes bookmakers require a background check to avoid fraud. If something goes wrong, your account can be blocked and even deleted in the future.
Registering with an online bookmaker’s office is easy. Below we’ll do a step-by-step guide on how to sign up for online sports betting sites in Bangladesh in an easy and quick way:
- Click “Register” on your favourite online betting site.
- Fill in your identification details on the site – such as your username and password.
- Fill in the personal information requested by the betting site. The main betting sites will take care of them. You can register without any worries.
- Click “Done” and you’re done. Your registration at the betting site of your choice will be complete. But don’t deny yourself from registering at only one betting site. The more you do for others, the more opportunities you will have to get better quotes.
- Once you have completed creating an account at your chosen betting site, it’s time to confirm your registration. As with most online betting sites, the bookmaker will send a confirmation to your email. Simply click on the link provided in the email to get full access to your account.
Step 3 – Deposit Money on Bangladeshi Betting Sites
Now you can make your first deposit and start betting online. Simply go to your newly created account, click on the bank link, choose your preferred payment method and deposit as much money as you wish. Once the money is deposited, you can get your welcome bonuses (sometimes you can get them without a deposit) and place some sports bets online.
Although the world of online betting is very accessible, it is worth mentioning some restrictions on registration. The main one has to do with age: bookmakers only accept users over the age of 18, which is normal all over the world. Bookmakers in Bangladesh also do not accept players who have previously violated the rules – usually with multiple registrations and false data.
Deposit and Withdrawal Methods
All sports betting sites in Bangladesh are foreign, so you often need to exchange currencies to place bets. To do this, you can choose certain payment methods that will do all the work for you with ease and anonymity. On the other hand, some sports betting sites accept taka as currency, and in such cases, the conditions are much better.
Payment methods can be classified into several categories, such as:
- Bank transfers;
- Credit and debit card transfers;
- Electronic wallets;
- Mobile payments,
- Cryptocurrencies.
Since sports betting is illegal in Bangladesh, some payment methods are better suited than others, mainly because of their high security and anonymity. Therefore, bank transfers and credit card transfers should generally be avoided, as they are linked to national banks through which the government can monitor your money flows. Likewise, mobile operator transfers are very similar – they operate on a national level and, therefore, are also not recommended.
You are left to trust electronic payments such as e-wallets and cryptocurrencies, as they are not tied to national laws, and depositing and withdrawing funds are much easier and safer.
Conclusion
Online betting is the safest, most profitable and most reliable method of betting on sports in Bangladesh. By following the simple rules in this article, you can avoid negative experiences. Don’t forget to use a VPN before you place your bet online.