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Online Betting in Sri Lanka 2020

If you love sports and you love betting, you’re in the right place. Asiabet is the number one portal for online betting in Sri Lanka. Thanks to our online sportsbook directory in Sri Lanka it’s never been easier to place bets on football matches or get the best cricket odds in Sri Lanka.

We’ve reviewed hundreds of online bookmakers to find the best places to bet in Sri Lanka. Our experts have created a range of sports betting guides and strategies to help you become a winner. We’ll also show you how to use e-wallets to deposit to online bookies with ease.

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Join our top-rated bookies for Sri Lanka betting here:

Sri Lanka Sports Betting Sites

While the majority of our population of nearly 21 million engages in some form of gambling, this year it is estimated that less than 4 million of us will engage in any form of personal internet usage. Until internet penetration increases and Parliament passes amendments to regulate online gambling in Sri Lanka, our only option is to use foreign online betting sites.

With some 2,000 turf agents and betting centres in our country one might wonder – why bother using foreign bookmakers?

If you read this article in full, you’ll discover there are in fact many reasons, including a wide selection of local and international sports, attractive bonus offers, and better odds.

Land-Based vs Betting Online in Sri Lanka

For those who prefer betting in person, there are betting shops all over our country that accept bets on horse and greyhound races as well as cricket and football matches. With all this being said, many sports lovers still feel that online gambling in Sri Lanka is a much more convenient option.

Prior to licensing requirements, many land-based bookies were unregulated. As they were among the highest taxpayers in our country the authorities mostly turned a blind eye during periods of our history when betting was illegal. Any site offering online betting in Sri Lanka that operates unlicensed risks consequences if caught. The Betting and Gaming Levy Act now sets the penalty at a  hefty fine and/or a prison sentence. This is why many are choosing to go for online betting in Sri Lanka instead.

At our recommended sites, you can bet whenever you feel like it on a wider range of betting markets, and the odds are usually much better than what you’ll find at local betting shops. Plus, there are usually special sign up bonuses for newcomers, as well as plenty of ongoing offers for loyal returning clients.

With these laws now covered I continue this article with discussions on our two most popular sports – cricket and horse racing.

How to Sign Up with Top Sri Lanka Betting Sites

If you’re thinking of making the switch from land-based to online Sri Lankan sports betting, our no-fuss guide is here to help. Just follow the simple 3-step guide below and you’ll be placing bets in minutes:

And that’s it – you’re all set for betting online in Sri Lanka! If you’ve still got any doubts, the rest of our guide below will help to answer some of the most common questions about Sri Lankan sports betting.

Why Use E-Wallets for Online Betting in Sri Lanka?

If you open an account with any Sri Lanka betting site, you will need to make deposits and withdrawals. You can use your deposits to place online bets on cricket, football, horse racing, greyhounds or any other sport you like. And, of course, you can then cash out any winnings to use as you please. For example, if you bet Rs. 5,000 that Sri Lanka will win a 20-20 match against India, this is deducted from your balance, leaving you with Rs. 10,000 in your account. If Sri Lanka wins that match – the Rs. 5,000 stake is returned to your account and the winnings are added too. At any time, you can cash out all or part of your winnings. To do so you need a banking method.

There are several online banking methods available at Sri Lankan sports betting sites. But the easiest and most convenient method by far is an e-wallet. Using e-wallets for Sri Lanka betting gives you several advantages over more traditional banking methods. The benefits of using e-wallets include lower or no fees when converting currencies, being able to bet in any desired currency, the ability to manage all your transactions in one place, and more privacy on your bank statement.

The most popular e-wallets are Skrill 1-Tap, EntroPay, and Neteller. Of these, Skrill is our preferred option as it functions just like an online bank account and comes with an ATM card you can use to withdraw your winnings. Once your Skrill account is funded you can use it to deposit money to any of the betting sites listed earlier. You can also use it to withdraw your balance. Money can be taken out of Skrill by bank wire, by requesting a paper check or by ordering a free Skrill MasterCard debit card. This debit card can be used at any local ATM machine both in Sri Lanka and overseas. It can also be used for online purchases.


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Cricket Betting in Sri Lanka

There is no team sport more popular for betting in Sri Lanka than cricket. Our country, then known as Ceylon, began competing in first-class matches in 1926. We were, however, underdogs in most competitions for nearly 7 decades. It wasn’t until our surprise victory in the 1996 Cricket World Cup that we emerged as one of the top cricket nations. Our national team proved this was no fluke. They went on to win the ICC Champions Trophy in 2002, and were runners up at the 2007 and 2011 Cricket World Cup and the 2013 ICC Champions Trophy.

Recently, it seemed like our domestic cricket was destined to gain a world following. The T20 competition Sri Lanka Premier League (SLPL) debuted in 2012 and in its first season all the top UK bookmakers offered betting odds. It came as a great shock that just before it was set to begin, the 2013 SLPL Season was canceled in July 2013.

At the current time, no domestic Sri Lanka cricket betting is offered by land-based establishments. For One Day Internationals, Test and major tournaments our national team plays in, however, there are plenty of betting opportunities. Also, all the top websites for online betting in Sri Lanka on our list mentioned earlier offer betting on Indian Premier League (IPL) as well as all English and Australian domestic competitions and more.

Make sure to use our top recommended betting sites to get the best cricket odds in Sri Lanka!

Horse Racing in Sri Lanka

The history of Sri Lanka horse racing is both long and colourful. It started in hill-side settlements in the late 1840s and was introduced to Colombo about a decade later. Originally races were held on Galle Face Green. After Ceylon Turf Club formed (1861) a turf track opened in what was then a suburb of Cinnamon Gardens.

On 22 June 1893 Colombo Racecourse opened and is where history was made. In 1922 this was one of the first locations in the East to add a tote board. In 1942 this racecourse became an important part of World War II history. Racing however resumed but it ended in 1956 when the sport was banned as immoral. This is when the start of Sri Lanka’s passion for UK horse racing began. Following the 1956 ban of Sri Lanka horse racing, agents began emerging throughout the country.

Remember whether you choose live or online horserace betting with Sri Lanka betting sites that are registered and regulated offshore, these activities are perfectly legal. Although land-based horseracing is available in Cambodia, it is very difficult to beat the diversity of races, as well as the competitive odds and special bonuses, offers and promotions available at companies that offer online betting in Sri Lanka.

Football Bets in Sri Lanka

Though football has a solid following in Sri Lanka as the country’s third most popular sport, both national and local league teams have failed to make waves in international waters. Our national team’s most historic achievement was becoming champions in the South Asian Gold Cup in 1995.

Our recommended sportsbooks offer online betting on football leagues around the world, including the World Cup and the Champion’s League. So, if you are an avid fan of international teams and championships, then you can easily make place bets on football with Sri Lanka betting sites.

Enjoy World-Class Betting Online in Sri Lanka

It’s plain to see that Sri Lankan sports betting online is not only possible – it’s easy, convenient and a far better option than sticking with the limitations of land-based betting shops. There are some minor drawbacks, such as having to use a foreign currency like the US dollar, but that’s a small price to pay for premium online betting that is fun and safe. What’s more, if you choose to signup with an e-wallet such as Skrill, you can bet using any currency you wish while enjoying lower or no conversion fees.

The sportsbooks we list here offer betting options on thousands of markets for the most popular sports from around the globe and we guarantee you’ll get the best odds and bonuses here too. If you’re about to start your online betting journey, you might as well make sure it will be the best you can get. So, don’t forget to check out our list of the top internationally-renowned bookies for Sri Lankan sports betting in the table at the top of this page.

Online gambling in Sri Lanka is safe along as users stick to foreign online gambling sites. Although land-based gambling had been popular in Sri Lanka for a long time, it was unregulated until 2010. Nowadays, many players choose to sign up to online casinos and sportsbooks to take advantage of competitive offers and better odds.