Online Gambling Bangladesh
Online Gambling Sites in Bangladesh - October 2020 Displaying online gambling sites that accept players from Bangladesh. To change country go to Country selector or to see all sites in our database visit Online Gambling Directory.
Best 36 Online Casinos in Bangladesh 2020 Although gambling is not formally allowed in Bagladesh, there are many residents here who take advantage of what the online casinos have to offer. They have the internet access to choose from the online casinos that will accept players from this country. Latest online gambling news in Bangladesh New Bangladeshi online casinos and sportsbooks Bonuses § Bangladeshi gambling law Online Gambling Guides in Bangladesh December 2020 - Page 56 GamingZion. The History of Sports Betting Online in Bangladesh. Nearly all forms of gambling have been illegal for a long time under the Public Gambling Act of 1867 1, an act originally created as an Indian law when the region was under the control of the British Empire. Be they online casinos, online poker rooms, or Internet bookmakers, Bangladeshis have no shortage of new sports betting sites when it comes to wagering. Thing is, not all popular betting sites are trustworthy: Popularity is not the only criteria you can use to find the most reliable bet site in Bangladesh.
With land based betting limited to horse racing and no domestic online sites, more and more Bangladesh sports bettors are using international companies to wager online with. The country is situated in South Asia with the Bay of Bengal on its southern shore. The country gained independence from Pakistan in 1971 although it was not until 1991 that democracy was restored. Unfortunately since then the country has been subject to periods of political instability including some violent episodes.
In this article on sports betting in Bangladesh you can first find an overview of live sports betting in the country. After that the online market is covered along with the taxes you may be expected to pay on winnings. Then the accessibility of online sites for Bangladeshis is looked at next – before some final thoughts on the future of the industry.
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The History of Sports Betting Online in Bangladesh
Nearly all forms of gambling have been illegal for a long time under the Public Gambling Act of 1867 [1], an act originally created as an Indian law when the region was under the control of the British Empire. Although the law has seen modifications to allow for occasional lotteries the only significant exemption is betting on horse races.
The exception for horse racing is pretty worthless nowadays. The Bangladesh Rama Race Course, the only racetrack which used to host Sunday racing in the post-colonial age, has now been called Suhrawardy Udyan and is a memorial ground. The area commemorates the spot where the Pakistani army surrendered in 1971 and there have been no competitive racing here for years. Used primarily for rallies and as a tourist site the area has since rapidly declined [2].
Despite this betting still exists although it is kept underground. Sports events like cricket, football and Kabadi often create small betting circles which operate largely uninterrupted by the authorities, who prefer to save their resources for the larger gambling enterprises.
Bangladeshis Can Bet Away From Home
With no legal online companies in Bangladesh and no laws against using foreign sites, in theory Bangladeshi’s can visit whichever intentional site they choose. While these betting sites provide gambling services they do so outside of Bangladesh’s jurisdiction and there appears to be no desire yet from the government to stop it. Meanwhile as technology advances more and more Bangladeshi’s find they can get online.
As there are many companies accepting custom from Bangladesh sports bettors it best to stick to those with solid reputations and a proven history in the industry. Many bookies from Europe are run by large companies, some of whom are listed on international stock exchanges. They are also licensed by some of the strictest bodies governing online gaming.
In addition to a large degree of trust these sites can provide you with some of the best prices on a whole range of events. Sign up bonuses and free bets are often available, just be sure to check the terms and conditions for these as they can vary a lot.
No Taxes as There Are No Bookmakers in Bangladesh
As all online sports betting in Bangladesh is carried out on foreign bookies there are no provisions in place to tax individuals. Therefore once you withdraw your winnings they are yours to do with as you please.
Bookmakers for Bangladesh Residents Are Available, but Almost All in English
While you can find some sites in Bengali it is not common, although nearly all sites offer English. A similar situation applies with the currency used for wagering as not many sites accept bets in BDT, meaning instead the site will have to hold your balance in another currency such as US dollars or Euros. This is not too much of a problem as when you deposit there will be an automatic currency conversion, the same as buying any product online from a supplier, although when you come to withdraw you may lose (or even gain) some value due to differences in exchange rates.
When you come to deposit credit and debit cards are used by many and have proven too be reliable methods. Visa and MasterCard are both accepted by the vast majority of sites, although you may have issues withdrawing to MasterCard. In this case your chosen site can normally arrange a bank transfer or check to be sent.
Other deposit methods include e-wallets like NETeller which allows you to move money quickly from a central online wallet. NETeller also allows you to have you wallet in your chosen currency which cuts down on currency exchanges. If you prefer to use prepaid methods then several options are normally available locally or you could ask the betting site’s customer service as to which one is recommended in your area.
There Won’t Be Any Bookmakers in Bangladesh Anytime Soon
With a large percentage of the population following the Muslim faith it seems unlikely there will be any changes to the legality of gambling within Bangladesh anytime soon. The positive site of this is that there does not seem to be any plans to restrict online wagering via foreign companies and as technology advances it should make such sports books even more accessible.
References
[1]Public Gambling Act of 1867 – ACT NO. II OF 1867
[2]Suhrawardy Udyan Sanctuary For The Homeless – Dhakar Tribune
It is in the nature of most people in Asian countries to gamble, with the same applying for Bangladeshi. Although gambling has not been regulated yet in the country of Bengal, citizens of Bangladesh have taken to online gaming in a big way. Many foreign-based online casinos are already available in the south Asian country, enabling Bangladeshi to enjoy their favorite pastime on the internet.
Best Bangladesh online casinos
Online Casino Bangladesh
As mentioned above, Bangladeshi have several online gambling sites to choose from. The following top-class online casinos take bets from gamblers living in the country:
Online Gambling Legal In Bangladesh
Huge possibilities for online casinos
Figures published by the Bangladesh Bank revealed an increase in gross domestic product of more than 6%. From 1994 until 2013, the Bangladesh GDP growth showed a 5.62% average with a 6.71% increase in 2011. Just like in many countries across the region, the internet penetration rate has grown exponentially. Last year, the number of Bangladeshi internet users soared to a whopping 33 million. The foregoing data and Bangladeshi’s inborn fascination with gambling result in a massive potential in terms of online casino gambling.
Gambling and online casinos in Bangladesh
Market watchers believe that it’s only a matter of time until the Bangladeshi government regulates gambling. There are already many lottery games available, in addition to betting on horse races. In fact, the government operates a bookmaker that offers sports betting. Foreign-based online casinos provide Bangladeshi gamblers with the opportunity to enjoy virtual casino games in a safe and secure environment.
How to deposit money in an online casino when I’m from the Bangladesh?
It’s necessary to play for real money in order to take home cash prizes, while newcomers can first use the free play option. Online gaming sites provide an extensive array of deposit and withdrawal methods that offer players a fast and easy manner to fund their online casino account or complete withdrawals.
- Almost needless to say that Bangladeshi can use all popular credit cards, including Visa, MasterCard, and Maestro.
- Neteller is another frequently used online money transfer service, enabling secure and safe deposits.
- Many Bangladeshi gamblers also choose Skrill as their preferred e-wallet.
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