When it comes to online sports betting in Asia, the residents of Thailand are regarded as one of the most active communities on online platforms. From betting on traditional and local sports like Muay Thai or cockfighting to globally popular sports like soccer, the Thai like to indulge in betting on a wide range of sports.
This article takes a look at online sports betting in Thailand with a particular focus on where the locals can place their wagers and conduct transactions in their local currency.
Betting on sports in Thailand
According to the Thailand Gambling Act of 1935, betting or gambling is illegal in the country, with a few exceptions. The exceptions refer to playing the Thai lottery and betting on horse racing in Thailand at the two legal racetracks in the country, including the Royal Bangkok Sports Club and Royal Turf Club.
Due to strict prohibitions, there is a broad black market for gambling. Many parlours in the country have opened and shut down as the authorities regularly raid these places and subject the offenders with hefty fines of up to 1,000 THB and even jail imprisonments of up to one year.
However, when it comes to online betting, the country does not have any established rules or laws in place. Although it does fall under the premise of the general Gambling Act, since specific laws have not been outlined, locals find ways to bet on their favourite sports or players.
Over the years, the authorities have closed down many illegal sites and imposed punishments on people found to be gambling illegally. While there are no local gambling sites, the advent of offshore gambling has changed the country’s betting landscape, and locals prefer to place their bets with international bookmakers catering to a broad global audience.
Since these platforms operate in several countries and have years of experience, backing their authenticity and credibility, the locals prefer to satisfy their cravings for betting via these platforms.
What bookies accept Thai Baht?
Be it soccer, basketball, Sepak Takraw, Muay Thai, or any other sport, the Thais have varying betting preferences. Every punter wants a smooth betting experience and wants the platform to be reliable, so they can easily place wagers, enjoy the thrill of winning and earn some money in the process.
The payment mechanisms of any platform are an essential aspect of the user experience, and every bettor wants a secure and smooth transaction mechanism. Therefore, even if you bet on an international site, you may want to choose a platform that allows you to make deposits and withdrawals in Thai Baht. This makes the process more accessible, and you do not have to worry about currency conversions and conversion rates.
That said, we have compiled a list of some well-known sports betting sites that accept Thai Baht. Let’s have a look.
1xBet is a popular sports betting site operating in numerous countries. The platform offers around 7000 betting markets and around 800 live betting markets for a wide range of sports. With more than 400,000 users, it is easy to see why many locals opt for 1xBet to place their wagers.
The platform offers a variety of payment methods, and new members get a 100% welcome bonus of up to 2,000 THB.
22Bet, predominantly known for football betting, is a sports betting and online casino platform. Besides football, you can wager on basketball, cricket, tennis, and table tennis, among others. You can get a welcome bonus of up to 5,000 THB.
BK8 is a Maltese-based betting platform catering to various countries in Asia and Europe. You will find a wide range of sports for betting, online casino games, and slots. The platform offers a hefty welcome bonus of 200% up to 20,000 THB.
Parimatch is a well-known global sports betting platform and online casino. The platform offers a sports welcome bonus of up to 5,000 THB.
Megapari is a relatively new betting platform, but offering services in numerous countries worldwide. The platform provides lucrative betting margins, and as a new member, you can get a welcome bonus of 100% up to 3,700 THB.
Bet365 is a popular betting site available in multiple countries. It offers a variety of payment methods. You can make payments in Thai Baht or any other currency if you like.
These are just a few sports betting operators that not only provide services in Thailand but also accept Thai Baht. You can choose bank transfers, payment gateways, e-wallets, or cryptocurrencies for payment depending on your preference and the betting service provider’s available payment methods.
Can I use local currency for placing bets in Thailand?
Most local sites do not accept local currencies. However, many platforms accept Thai Baht, including Bet365, 1XBET, 22Bet, and BK8, among others.
What is the most popular sport for placing bets in Thailand?
Football is the most popular sport for betting in Thailand. You will find most betting markets available for football at online sports betting sites in the country.
Is sports gambling allowed in Thailand?
Betting or gambling in any form is considered illegal in Thailand, with the exception of lottery and horse racing in the two legal race tracks in the country. However, no specific laws exist for online sports betting that forbid it outright, so locals place their bets on international betting sites.