6 Things You May Not Know About Online Casinos in Malaysia
Online casinos have existed in Malaysia for a couple of years now. However, finding accurate information about them may not be as simple with all the conflicting information out there. To help you with your research, we have compiled 6 lesser-known facts you may not know about online casinos in Malaysia.
Are Online Casinos Legit?
We’re not going to blame you for feeling doubtful about signing up at an online casino in Malaysia for the first time. Putting your hard-earned money at risk on a virtual platform that you are not familiar with, you might be wondering if online casinos are legitimate and are whom they claim to be. There are two primary laws that regulate gambling businesses in Malaysian law: The Common Gaming House Act 1953 and The Betting Act 1953. Both laws prohibit gambling activities in Malaysia unless they have been granted a special exemption to operate, such as Genting Highland Resort, Toto 4D, etc.
However, most online casinos in Malaysia operate offshore where it is totally legal to operate. During the last few years, especially during the Movement Control Order (MCO) period, the online casino industry has expanded globally. Many platforms provide their services to Malaysian citizens from different parts of the world, enabling easy access to their entertainment needs even during the pandemic time. Online gambling remains a popular choice for Malaysians today.
If you decide to gamble online in Malaysia, you should pick an online casino that operates outside of Malaysia. This is because the website will not be ordered to shut down and risk losing your earnings, as it does not operate under Malaysian Law. You can check if an online casino carries a gaming license by checking out their websites (see picture below). An online casino that is regulated by a regulatory body of gambling such as the Curacao Gaming Control Board, will proudly display its license on the website
Tricks to Win Even More with Bonuses
Perhaps the biggest differentiator between real and online casinos, a bonus is an online casino incentive that acts as credit for a player to wage and to win. There are various types of bonuses available at different online casinos but here are some of the most common types of bonuses you will often see.
Welcome Bonus – unlike real casino, online casino rewards new player for opening an account and play for the first time. Most new players misunderstand that they would receive the bonus right after they have sign up an account as a form of ‘free money’. In fact, they will have to make their first deposit and then claim the bonus. Think of it like a new credit card that requires you to spend a certain threshold before they release the cash reward. It is also important to note that welcome bonus is only available for every player’s first deposit.
Reload Bonus – this is a bonus granted to players when they deposit into their accounts. In contrast to the welcome bonus which is a one-off, reload bonus is ongoing and can be redeemed every time you deposit as a reward. Do check the casino’s terms and conditions as criteria may vary such as in amount, maximum redemptions etc.
Rebate – also known as cashback, this is a ‘passive’ bonus that rewards players simply for playing. Much like a cashback credit card, the amount of the bonus you will accrue depends on your total wager. The rebate percentage, the period in which the wager is valid also varies among different casinos.
What is the Meaning of Turnover
Turnover is also a term that is widely used in the online casino scene. It is defined as a requirement of play through the sum of the deposit made and issued bonus if applicable, to be able to make a withdrawal. For example, a player deposited RM100 into his or her account. In this instance, the RM100 credit will be locked in the player’s account for cash out. If the turnover requirement is x1, this means the player must wager one time of his or her deposit (RM100 x 1 = RM100).
Similarly, if a player made a deposit of RM500 and redeem an RM1,000 bonus that has a turnover requirement of x5, he or she will need to meet the minimum target of RM7,500 in order to withdraw ((RM500 + RM1,000) x 5 = RM7,500).
It is important to note that turnover is not an indicator of the amount spent by players nor the profit of the operator. Depending on the casino and game of choice, the wager, winnings and losses may contribute to the turnover.
What is the Meaning of Winover
Like Turnover above, Winover is another mechanic utilized by game providers such as Mega888 and 918Kiss. The biggest difference is that it only counts the winnings. Sounds difficult to achieve, but it isn’t because the target requirement is a lot lower than the Turnover. For example, a player deposited RM100 and redeemed a bonus of RM500 with an x2 Winover requirement. In order to withdraw, the player will only need to meet RM1,200 ((RM100 + RM500) x 2 = RM1,200. That’s a lot lower than bonuses with Turnover requirements.
Online Casino Affiliate Program
Do you know major online casino platforms have a program that rewards you for bringing traffic to their website? The affiliate program is designed for players who would like to earn commissions from the casino by bringing their friends or gamblers who don’t know that online casino is available as an option in Malaysia. In addition, major platforms will also provide their affiliates with marketing materials, a dedicated customer support team to help them spread the word by word of mouth, social media and even hosting a dedicated website. The monthly commission can be substantial enough to quit their day jobs and treat it like their own businesses. Evidently, every online casino will have a different commission scheme and user agreement so you should check with the casinos to find out which is the best for you.
Free Credit Bonus
Everyone must have received their fair share of messages like “claim free credit no deposit” or “bonus 888 free credit” by now. It implies that their casinos are giving out free money that doesn’t require you to make a deposit to claim the bonus. Unfortunately, these messages are used to catch your attention but do not have what it takes to live up to the expectation. While we love freebies too, we must acknowledge the fact that a casino is also a form of business, and no business is sustainable by offering free stuff.
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