Is It Possible To Make A Living Out Of Sports Betting In Malaysia?
Making a living out of sports betting is something we only hear in fairytales or see in films, well people like Vegas Dave a sports gambling hustler will disagree and for good reason. The question is can you make sports gambling a career in Malaysia or is it just for the American Dream?
Malaysian Gambling Laws
Gambling over the internet in Malaysia is unlawful, at least in the eyes of the law. According to the law, it’s apparent that running a gambling business online is unlawful, but it’s not clear if using a gambling website is criminal, too. The statutes that exist now were drafted many years ago, and they include no mention of the practice of making wagers online.
For the majority, internet gambling is pushed underneath the rug and ignored. On a daily basis, many Malaysians wager on sporting events over the web. Many of the world’s most popular online gambling companies welcome Malaysian consumers and even allow them to deposit and withdraw in ringgits Malaysian currency.
This does not, however, imply that you will be fully safe gambling in Malaysia. More and more people are calling for Malaysia to outlaw internet gambling since Sharia law actually holds power there. It’s up to you to determine if it’s worth it. By right, the law only states Muslims cannot gamble but the lack of gambling infrastructure doesn’t leave many legal options either.
Use Offshore Sites For Gambling
When gambling online in Malaysia, stick to overseas sites that aren’t headquartered in the country. There are two main reasons for this. To begin with, local sites headquartered in Malaysia are completely illegal and operate in the shadows, with no oversight from any government agency whatsoever. There’s nothing you can do when one of those businesses goes bust and takes all your money with it.
Secondly, there are not many physical bookies and officials will not fly all the way across the water to shut down a bookie. With the use of VPNs, it’s possible to gamble safely at many offshore bookies to reduce the risks of getting caught if authorities ever decide to become strict. Thankfully nowadays, one can learn, compare and choose from a list of sports betting websites 2024 that offer punters from Malaysia safe bookies to try and make a living. Keep in mind that the use of said sites isn’t exactly legal and it’s essential to keep yourself safe if looking to go this route.
Making Sports Betting A Career
In order to make this highly risky job a reality there are a few tips one should consider before attempting the unimaginable.
Setting Up Expectations
If you’re already tempted to skip this section, you’re the kind of person who needs to stick to this chapter religiously. To begin, it’s critical to set reasonable goals. Earning profit from sports gambling takes patience and effort, just like anything else in life.
Anyone hoping for a quick fix or demanding little effort is setting oneself up for failure. There’s nothing wrong with starting it just as a “side” project if you’re employed or in school.
It’s a smart idea to work during the daytime and then invest what they’re earning at night and on weekends.
Whether you’re a student, a full-time employee, or a professional poker player, we think this strategy makes good sense. It’s a good fit for value betting because the bulk of matches is played at that time anyhow, and thus the edges are present. If you don’t depend on the money you win from betting to pay your bills, you’re taking on less risk since you have a stronger financial foundation.
As a bonus, it allows you to reinvest your winnings and keep your bankroll growing. As a result of this, you may expect to see an increase in sales and earnings.
In this manner, you can continue to work until you have enough money to do it full-time.
Become a Master & Specialize
Investing in a wide range of stocks may be the key to success according to Warren Buffet. according to Warren Buffet. But when it comes to sports betting, it’s not a good idea to split your bets over numerous sports and leagues. It’s true that some gamblers profit from placing bets on arbitrary events.
However, specializing in one or very few disciplines and leagues makes it easier to generate money. Specialization allows you to become an expert in a certain field. You have a higher chance of defeating the bookies if you do this.
There are a plethora of sports and leagues to choose from when it comes to sports betting.
You might also specialize in a certain sorts of wagers, such as a parlay, money line, totals, or props.
Conclusion
It’s an extremely difficult task trying to become a professional sports bettor and just like you can find tips to help you survive the cryptocurrency bear market, the tips in this article can help you on your journey.
