Table with 4 Online Bookmakers for Thailand
- Population: As of 2020, Thailand is the 20th most populated country in the world, with a population of 69.8 million people. This is equivalent to 0.9% of the worlds population and a population density of 137 per kilometre.
- Active players: While Thailand strictly forbids gambling of any kind beyond horse racing and the national lottery, it is estimated 70% of its population actively place bets on poker and sports.
- Currency: According to Blomberg News, the Thai Baht (THB) is one of the worlds top performing currencies and ranked 10th as the most used currency in the world.
- Regulated gambling products: Thailand’s only regulated gambling products are the National Lottery and horse racing. All other forms of gambling are illegal and unregulated.
- Operator types: Currently, the list of operator types in Thailand include the Thai government and offshore operators.
- Designated authority: The Department of Tourism in the Sports and Tourism Ministry is responsible for all oversight, regulation, and management of Thailand’s gambling-related products. Currently, its responsibilities include the national lottery and horse racing.
- Status: The status of betting in Thailand is anything but friendly, which is unlikely to change in the near future. The country has long been a staunch opponent to gambling, and that leaves bettors with few options beyond state sanction lotteries, horse betting and offshore bookmakers.
Top Rated Bookmakers in Thailand
Thailand is a favourite destination for those seeking remarkable beaches and incredibly vibrant landscapes. It is also a favoured destination for top bookmakers in Thailand, such as 1xbet, Melbet, SpinSports, and 1xbit.
Here is a breakdown of what they have on offer for Thai bettors:
1xBet is top betting site in Thailand and has, since opening in 2007, continued to experience unparalleled growth. There are few other bookies who have developed a betting platform as extensive as 1xBet. The choices for sports punters are among the best online, with futures, pre-match and in-play options available. All come with nearly unmatchable odds, the ability for multi-live events, live streaming, and so much more.
However, their supportive betting options are where 1xBet puts its mark on the competition. Here, Thai bettors can choose between playing in the casino, playing bingo, and poker, to name a few. Of course, virtual sports, live dealer games, scratch cards and fishing games are other options Thai punters are free to explore.
- Superior interface and reliability
- Over 28 sports markets
- Free access to live streams
- Some casino games unavailable to Thai players
Melbet is top betting site in Thailand and has, since opening in 2007, continued to experience unparalleled growth. There are few other bookies who have developed a betting platform as extensive as 1xBet. The choices for sports punters are among the best online, with futures, pre-match and in-play options available. All come with nearly unmatchable odds, the ability for multi-live events, live streaming, and so much more. However, their supportive betting options are where 1xBet puts its mark on the competition. Here, Thai bettors can choose between playing in the casino, playing bingo, and poker, to name a few. Of course, virtual sports, live dealer games, scratch cards and fishing games are other options Thai punters are free to explore.
- Excellent live streaming options
- In-play betting on top competitions
- Large volume of other games
- Limited punters resources
As an operator whose roots began with an online casino, SpinSports has made great progress as a sports betting provider. With 18 sports markets available to Thai players, SpinSports is more than capable of delivering progressive odds. The user interface is finely tuned with featured links, multiple menus and other call-to-action options. These are complementary throughout the site, whether punting live, using the sports betting app or playing in the casino.
The casino is just one of the many design features punters can access at SpinSports. It comes packed with energy and what seems like a never-ending selection of games. Adding to the list of gaming opportunities is jackpot games, live casino games and esports.
- Generous number of sports markets
- Superb casino with live casino and jackpot games
- Sign up bonuses and VIP club
- Does not offer Tai-Kadai language options
Any bettor who prefers punting with cryptos will appreciate 1xbit is one of the best sites for betting in Thailand. As a crypto betting platform, they offer everything bettors can hope for when it comes to sports betting. To start with, there are over 30 sports types offering hundreds of daily events at 1xBit. These are perfect for anyone wanting to bet pre-match, and likewise, those who like betting live. On top, bettors can choose between betting on big tournaments, punting on national teams, and access live previews.
Just as importantly, 1xBit makes good on its promise to connect with its customers by offering many other choices. These start with esports, slots and live casino games and progress to Toto, lottery, virtuals and financials. Whatever your game, you can expect the experience to be geo-targeted and full of action.
- Generous welcome bonus
- Excellent odds for baseball and football
- Multiple useability options
- Only accepts cryptocurrencies
Important Things to Know About Betting Sites in Thailand
Even though the Thailand betting market remains essentially unregulated, there are some things to know about betting sites in Thailand. Fortunately, that doesn’t relate to anything negative, moreso its environment, competition, and other key info for Thai players.
With that said, here are a few Thailand betting tips and important things to know about betting sites in Thailand:
- Betting Environment
Beyond state-sponsored horse racing and lotteries, gambling is all but prohibited in Thailand. Like neighbouring countries, its prohibitive laws date back centuries, and odds are unfavourable they will change. However, Thailand has a very active online betting environment that tends to be overlooked by authorities.
Competition amongst Thailand bookmakers is as robust as it is in any other country with prohibitive gambling laws. Fortunately for Thai bettors, they haven’t had to contend with aggressive blocking ISP’s as they tend to focus on adult sites. Resultantly, competition is healthy, and punters have remote access to a large variety of betting sites.
Aside from state-sanctioned lotteries and horse betting, the government does not welcome outside operators. This includes land-based operations such as casinos or gambling operations that are based offshore. However, while offshore gambling is unwelcome in Thailand, it is prevalent and widely accepted.
- Active Players
By some estimates, more than 60% of the population in Thailand gamble on a regular basis. This is based on income generated from state-held lotteries, horse racing and services offered by online casinos and bookmakers.
- Key info for Thai Players
One of the key pieces of information Thai players need to be aware of is betting online can result in penalties of up to 5,000 baht. However, as internet betting sites are not required to share bettor information, few, if any, face fines or other punitive action. Subsequently, to reduce the risk, only wager with licensed offshore bookies.
- Gambling Taxes and Players Safety
The legal climate being as it is in Thailand, the government does not tax winnings resultant from betting in the lottery or horse racing. As online betting is illegal, any winnings resultant from online betting are also non-taxable.
Sports Betting in Thailand: An Overview – How We Choose the Best Betting Sites
As we have mentioned, the competition between Thai bookmakers is substantial. Ultimately, the drive to dominate the Thai market has resulted in a greater number of betting sites. However, what sets us apart is how we choose the best betting sites for Thailand. Take a look at what we consider when choosing the best Thai bookmakers:
- What is the bookmakers’ reputation?
- Do they offer a large selection of betting markets?
- Do they have competitive odds?
- Do they offer competitive bonuses and promotions?
- Is the customer support services efficient and professional?
- How do they handle customer complaints?
- How do their customers rate them overall?
What Kind of Odds Format is Used in Thailand?
Like other Asian countries, fractional and decimal odds are the most common formats used to display odds. Nonetheless, most international bookies will provide multiple options for how odds are displayed. This can include Indo, Malay and Hong Kong odds formats.
Available Betting Markets in Most Thai Bookmakers
When evaluating betting markets, Thai players have the luxury to choose from a large variety of markets. Betting sites like 1xBet and Melbet offer a substantial selection, such as double chance, Asian handicap and 1×2. Generally, these will be available on a wide variety of sporting events such as football, badminton and tennis.
Since the majority of Thai gambling sites are established, there is a high standard of usability. This results in bettors having access to the essential tools needed to navigate and place bets without difficulty. Moreover, it ensures they can quickly process payments, access betting histories and other player-intuitive features.
Bonuses and Promotions for Thai Bettors
Most gambling sites accessible to players from Thailand offer a variety of competitive promotions and bonuses. Some examples Thai players can anticipate receiving include new player offers, cashback bonuses, free bets, and odds boosts. However, that is just a few offers as ACCA boosts and reload bonuses are also frequently offered.
Live Betting, Live Streaming & Cash Out Features
Thai bettors will be hard-pressed to find a bookie who doesn’t offer live betting in today’s competitive environment. Live streaming is another top-contender for competitive sports betting, especially in markets such as Thailand. It is by far more entertaining and offers the added advantage of punting based on match conditions. Add in options like the cash-out feature and you have a perfect climate for entertaining sports betting and money management.
Online Casinos in Thailand
Online casinos are the only option for Thai players who want to try their luck on slots or other casino games. Unlike the Thai government, online casinos no not limit the type of casino games Thai players can enjoy. More importantly, they offer them untapped potential thanks to the regulated market and licensing stipulations towards fair play. As to whether it is legal, all gambling is technically illegal in Thailand. However, with little enforcement activity, it means Thai players are free to play casino games at their discretion.
Available Methods for Withdrawals and Deposits To Punters In Thailand
With bookmakers like 1xBet they tend to feature payment methods that target players from Thailand. The important thing to note is while bank transfers are available, not all Thai financial institutions process gambling transactions. To balance the availability of options, bookies include cryptocurrencies, e-wallets, and other payment solutions such as prepaid debit cards.
Mindful of the available methods for withdrawals and deposits, transaction limits will vary between bookmakers. On the plus side, most keep the minimums to an affordable amount consistent with Thai player preferences.
Mobile Betting and Betting Apps
Mobile betting and its availability used to be a question on the minds of bettors, but that is seldom the case today. Generally, nearly all bookmakers have optimised their websites to be accessed via a mobile device. In many cases, they have also invested in the creation of iOS and Android betting apps. Subsequently, Thai punters can choose which application is ideal for them without having to compromise quality or functionality.
Safety and Security
While there is often a presumption government regulated gambling entities are safe, the same presumptions are not afforded to online betting sites. However, the legal and financial obligations required by gaming control boards demand the utmost attention be paid towards safety and security. Resultantly, companies like 1xBet and SpinSports operate in a tightly controlled and regulated manner.
Is the Customer Support Good Enough for Thai Players?
Since offshore operators operate in a virtual world, their only opportunity to develop a good rapport with customers is via support channels. To ensure they do not fail in their opportunity, most operators offer various support options. Generally, the options Thai players can access include live chat, email, telephone and on-site FAQ.
Are sports betting legal in Thailand?
No, sports betting is not legal in Thailand and is a punishable offence.
Can you bet online in Thailand?
Yes, punters from Thailand are able to bet online, and millions do so regularly.
What are the best online bookmakers?
Generally speaking, the best online bookmakers in Thailand are those located offshore who are licensed by a respected gaming control board. This provides then the ability to place bets in a safe and regulated environment.
What is the best sports betting site in Thailand?
Based on research and reputation, the best sports betting site in Thailand is 1xBet.
Is it safe to bet online in Thailand?
Yes, is it 100% safe to bet online in Thailand. In fact, offshore betting sites operate to a higher standard due to the regulations that govern their license.
Will I have to pay taxes on winnings when betting online?
No, Thai players are not taxed on any winnings resultant from betting online.
Do Thai bookmakers report winnings to the government?
No, bookmakers offering services in Thailand are under no obligation to share winnings or player information with the Thai government.
How long do Thai bookmakers need to settle a bet?
Generally, bookmakers settle bets within 24 hours. However, settlement could take longer if there are delays if waiting on official results.
It is estimated that the Thailand government benefits to the tune of $6 billion annually from revenues resulting from lottery and football betting.
It is also estimated that the illegal gambling industry in Thailand is worth as much as $10 billion annually. If the Thailand government-regulated gambling, it could generate billions in additional revenue.
Unlike most nations, Thailand does not have any age restrictions for betting on horses or the national lottery. The youngest bettor ever recorded to have placed a bet on the lottery was seven, while more than 20% of bettors are between 15 and 18 years of age.
Are There Any Restrictions for Thai Players?
As of 2021, Thai players are restricted from all gambling activities other than lottery and football betting. However, Thai players are fortunate enough not to face any restrictions when placing bets online. The only exception is they may experience some banking restrictions or access to certain game types.
Regardless of the legality of gambling, betting on sports is a well-entrenched recreational activity in Thailand. Fortunately, most punters haven’t had to worry about the governments’ hard-lined position towards gambling. As they tend to look the other way and focus more on illegal gaming houses, Thai bettors have multiple bookies they can use.
Ultimately, there is a risk, but it is mitigated by gaming control boards that favour the right to player privacy. Subsequently, the best betting sites in Thailand offer excellent opportunities and remain open for business.