Singapore Dollar Casinos
For a city-sized island, Singapore surprisingly has one of the world’s most valuable and traded currencies. Long associated with wealth and investment, Singapore is home to the Singapore dollar. Replacing the Malaya and British Borneo dollar in 1967, the Singapore dollar was pegged to the British pound sterling before being allowed to float in 1985. There is estimated to be roughly S$29.1 billion in circulation, helping to make the Singapore dollar the thirteenth most traded currency globally.
Singapore is not a huge fan of online gambling and has been known to prosecute players (as happened in 2016) for engaging in illegal online betting, under the powers of the 2014 Remote Gambling Act. However, while you can end up in trouble for betting illegally, many Singaporeans regularly continue to do so. To aid them in that quest, many offshore Singapore dollar casinos accept the SGD as a currency.
Casino List with SGD Currency
About the Singapore Dollar in Gambling
Around 1.8% of all daily currency trades consist of Singapore dollars, making it the thirteen most traded currency. Much like its US counterpart, there are one hundred cents in a single Singapore dollar. While S$1, S$20, S$25, and S$500 notes are no longer part of the currency, S$2, S$5, S$10, S$50, and S$100 bills are. Aside from Singapore itself, Brunei is also listed as an unofficial user of SGD, alongside its own Brunei dollar.
The Singapore dollar is accepted via many of the mainstream payment providers, although Singaporeans may find that their access to some of these payment platforms is limited. Given that Singapore does tend to track illegal gambling transactions, you should only opt to use a handful of them, and we will discuss these shortly.
Online Gambling in Singapore
Gambling is largely illegal in Singapore. Exceptions have been made for Singapore Pools and the Singapore Turf Club. These only offer limited gambling options, such as horse racing, football betting, and lottery games. Both are land-based enterprises designed to mimic Las Vegas, but without conventional gambling games, obviously. You must be aged 21 or over to bet with those options.
Online gambling is not permitted, so any Singaporean hoping to bet online will have to do it at an offshore or international casino. While Singapore is concerned with underground gambling, they do tend to crack down hard on those innocently betting at these sites. For this reason, choosing a top Singapore betting site is of paramount importance, and we will show you how to do that below.
Advantages and Benefits of Using SGD in Online Casinos
Betting with Singapore dollars may sound advantageous for players in the city-state, but it can be fraught with difficulties. For instance, Singaporean banks are obligated to shut down transactions related to illegal gambling. Moreover, Singapore does not recognise several payment providers that would conventionally be available, such as some e-wallets.
Given this, there are not too many advantages to wagering with Singapore dollars online. Instead, we would encourage you to use another option, such as US dollars or cryptocurrencies.
Tips on Finding a Great SGD Online Casino
The simplest way to avoid trouble is to bet at one of the two state-sanction Singapore betting sites. These constitute SGD online casinos, even if they are not really casinos at all. However, if you do want to bet on international domains, here is our guide to offshore Singapore dollar casinos.
- Do your homework first. You will likely want to use a VPN to mask your location, so you must ensure that any SGD online casino you choose permits the use of VPNs. There are not many that do.
- Be particular and picky when it comes to licensing and regulation. The more secure an online casino is, the less likely they are to take you for a ride. This is important when many operators know that Singaporeans will often take any casino that accepts them, and some may attempt to get away with a shoddy service.
- If you opt to wager with Singaporean dollars, try to avoid using payment methods that are regulated in Singapore, such as banks. Choose a casino that has international payment options that are not watched as closely.
- If you are struggling to find suitable places to bet, then do not hesitate to use our recommended Singapore dollar casino list. These casinos should offer the services listed above and be arguably safer for you to bet at than random SGD casino sites.
Popular SGD Deposit Methods and Withdrawal Options
Singaporeans can use a wide array of deposit methods to bet at sites. However, some of these – most notably banks in Singapore – are monitored by the authorities and under orders to stop gambling-related transactions. Therefore, we would urge you to consider other Singapore dollar payment methods at casinos. Here are some of the better ones…
- Cryptocurrencies (options like Bitcoin are hard to track, making them well-suited for Singaporeans)
- E-wallets (EcoPayz, Skrill and Neteller may work for you)
- Prepaid vouchers (there is no way to track these, but you cannot use options such as Paysafecard for withdrawals)
- Prepaid cards (it may be worth signing up for a prepaid card, which you can load from your bank and use to deposit and withdraw online)
