When looking for a Hong Kong bookmaker, you should consider a wide variety of betting options. Don’t be shy of trying as many as you can – over 130 betting types will be available for football matches, for instance. High-quality bookmakers should offer a wide variety of betting options since a smaller variety can reflect the overall platform’s quality.
The Hong Kong Jockey Club regulates the betting industry in Hong Kong. The organization is the sole license holder for online gambling, including online lottery betting on football and horse races. However, this monopoly has been strained over the years by competition from offshore and illegal bookmakers. In 2002, Hong Kong’s government banned international bookmakers from operating in the territory. In response, the Hong Kong Jockey Club collaborated with the government to enact laws to clamp down on illegal bookmakers. This would also increase HKJC’s revenue to HK$88 billion annually.
The HKJC is responsible for more than half of the wagering turnover in Hong Kong. It remains the single largest taxpayer in Hong Kong. Betting turnover from Hong Kong’s horse races in 2002 was HK$71 billion, with ninety percent of the total generated through online and mobile channels. However, commingling only accounted for about 17 percent of total racing turnover. In addition to on-course betting, the HKJC also has an off-course betting branch in Hung Hom.
HKD deposits accepted
Hong Kongers have several primary concerns about online gambling, including HKD deposits and payment methods. Wabo娛樂 Although the government is not friendly to gambling, many international brands have taken advantage of the opportunity. Many of these brands accept Hong Kong dollars as payment and have Chinese-language versions of their websites. Regardless of the issue, the betting industry in Hong Kong is thriving and has attracted thousands of Hong Kong-based sports fans.
If you prefer to deposit in Hong Kong Dollars (HKD), you can make your payments at JETPA ATMs. JETCO member banks automatically send cheque books by ordinary mail and will debit your transacting account for the fee. In addition, the amount of money you can deposit with your deposit card will be converted to local currency upon withdrawal. However, you must be aware that a transaction limit can be pretty high.
Offering a cash-out option to customers in the betting industry is a controversial topic in Hong Kong. While offering credit in the legal gambling industry is prohibited, the same ban does not apply to the illegal gambling market. However, a recent survey asked respondents to consider a hypothetical scenario where a gambling institution offered credit. When asked if this feature would encourage customers to spend more money on gambling, nearly twenty percent of illegal gamblers said that they would be more likely to use it. The average illegal gambler would increase their gambling expenditure by HK$3005 per month if the option were available.
Availability of eSports betting options
Compared to traditional sports, eSports is becoming more popular in recent years. Many people are using this new technology to place bets. However, in eSports betting, the first step is learning about the game. Although many eSports tournaments are famous, not all are easily tipped.
A good bookmaker will offer multiple banking methods, including credit and debit cards, prepaid cards, and cryptocurrencies. Moreover, it should accept various currencies, including Bitcoin, Ethereum, and Neosurf. These online bookies also accept banking transfers, e-wallets, and prepaid cards. Besides these, you can bet on eSports events all year round.
One of the biggest reasons sports betting sites in Hong Kong succeed their customer service. While the world’s most customer-facing sector has plenty of shady businesses masquerading as legitimate companies, sports betting sites are often praised for their superior customer service. Poor customer service can bring the entire platform to a standstill, so sports betting sites in Hong Kong are dedicated to providing their users with excellent service.