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Sports Betting in Taiwan 2020

If you love sports betting, Asiabet is the place to be. Our experts have created a complete guide to betting websites that accept players from Taiwan.

The Taiwan Sport Lottery program is the only legal bookmaker within Taiwan. However, many people choose to bet online and get a much better deal. We’ve done the hard work for you by finding the best Taiwan online betting sites. You can access better odds and more betting markets at safe and trusted bookmakers by signing up with any site on our online sportsbook directory in Taiwan. Here at Asiabet you’ll find:

Advantages of Online Betting in Taiwan

There are many countries where online gambling is fully legal. One example is the United Kingdom (UK), which has licensed bookmakers since 1961. Another is the Philippines, where the bookies offer some of the best odds on football. Online bookmakers in Taiwan that are licensed in these countries are global businesses. Therefore, compared to the Taiwan Sports Lottery company (TSL) , placing bets at an offshore Taiwan sports betting site offers several advantages. Among these are bigger bonuses, more competitive odds than many land-based bookies, and wide selection of local and international sports, including Taiwan E sports betting. What’s more, our top partner sites also support many languages and currencies, including the Taiwanese language and Taiwanese Dollar currency.

How to Sign Up With the Best Taiwan Sports Betting Sites

If the only thing stopping you from signing up with the top-rated bookies for Taiwan-based punters is the sign-up process, you’ll be glad to know that it’s super easy. Just follow my hassle-free guide below and you’ll be enjoying the best odds in minutes.

As you can see, online bookmakers in Taiwan have a very straightforward signup process, so all that’s left for you to do is sit back and place bets from your desktop or mobile. And if you still have any questions about which payment method to use, the next section has all the information you need.

Why Use E-Wallets for Online Betting in Taiwan?

One of the main challenges we face when looking for betting websites that accept players from Taiwan is which online payment method to choose. In order to have a better online betting experience and play in local currency, many Taiwanese gamblers are choosing to open an e-wallet. Skrill is one of the best e-wallets for Taiwan because accounts can be opened in Taiwan dollar (TWD) and the fees are less than EntroPay charges. There are plenty of other e-wallet options, including NETELLER and another popular e-wallet called Entropay. Fortunately, signing up with Skrill is fast and easy.

In addition to supporting our currency and having low fees, another benefit to Skrill is online bookies also issue payouts via this method. Skrill is essentially an online bank account where money can be stored. You can load money to your account with a credit card, debit card, or bank transfer. You can withdraw from Skrill by requesting a transfer to your Taiwan bank account. You can also store a Skrill balance for future use. This is nice when using multiple online betting sites to shop around for the best odds. You can take money out of one, and then store it to redeposit at whichever bookie has the best odds just before making a bet.

Overview of Taiwan Sports Betting

Taiwan Gambling Laws

I will discuss online betting in much greater depth in this article, but first, it is important to understand that online betting in Taiwan is technically illegal. The specific laws can be found in Chapter 21, articles 266-270 of the Taiwanese Criminal Code. As the law was created back when our KMT government ruled Mainland China the penalties are in Yuan. The penalty for social gambling is a hefty fine and you could even be sentenced to up to 3-years in prison.

Although Taiwan gambling laws appear to be strict, to date – the law has never been used to target residents who gamble online at legal and licensed foreign sites for online betting in Taiwan. For example, the top Taiwan Online betting sites can be highly legitimate companies that happen to own an English Premier League team or any other popular team. Such casinos could be licensed by the UK Gambling Commission (UKGC), the GRA (Gibraltar Regulatory Authority) or the Malta Gaming Authority. The bottom line is that these bookies are huge worldwide brands with customers from around the globe – they do not take part in any form of illegal activity. They have no physical presence in Taiwan and therefore are outside the jurisdiction of our gambling law.

Gambling and betting have been part of Chinese culture for thousands of years and today it is just popular in Taiwan. We have many agents and bookies, and a large percentage of our population bets at offshore Taiwan sports betting sites. Recognising this, in 2008 our government decided to make some form of land-based sports betting legal by creating a new sport lottery. The same as all lotteries in Taiwan, the Taiwan Sports Lottery (TSL) is now legal to use. The odds offered are, however, as mentioned earlier, not competitive with those offered by online bookies. In the next section, I will provide more comparisons and explanations between land-based and online betting in Taiwan.

Taiwan Sports Lottery vs Online Bookmakers in Taiwan

Compared to the Taiwan Sports Lottery, what is offered at foreign sites has many benefits for punters. At most top quality sites, anyone with a funded account can log-in and watch high-quality streams of live sports matches. You can do live betting on the games while watching them online. There are also additional wager types such as which team will score first, which players will score first, will both teams score, total corners, which team will have the most yellow cards and dozens of others.

taiwan sports lottery shops

Sports Lottery Shops are found throughout Taiwan but are a terrible option for punters

Tips for Online Sports Betting in Taiwan

Whether you’re a beginner or a veteran punter, our expert team of gamblers have got lots of pointers to placing bets at online bookmakers in Taiwan. Feel free to check out our handy beginners’ guide to sports betting, as well as the guide for advanced punters to get the most from your chosen Taiwan online bookie.

One of the most important things you should become familiar with is, of course, how betting odds work at land-based and online bookies. This is the topic I will cover next.

Odds Formats

Taiwan Sports Lottery lists their odds in European Decimal odds format. In this format, the odds display the amount returned per NT$1 dollar staked. For example if you stake NT$1000 at odds of 1.91, a winning bet returns NT$1910, of which NT$1000 was the stake and NT$910 is the winnings.

At Taiwan online betting sites there are many different odds formats offered including Hong Kong and Malaysian odds formats, however, European Decimal is the easiest to use. Therefore look for Decimal, DEC or EUR on the settings menu of the site you are using in order to select this option.

Profit Margins

Understand that Taiwan sports betting odds are set in order to make a profit. Take for example a wager that has a 50/50 chance such as the flip of a coin. If the odds were fair, the payout would be to win $1 for every $1 staked. Because the bookmakers need to make a profit they pay less than $1 per $1 staked. At online bookies for sports betting in Taiwan, the line for NBA handicaps is set at odds of 1.91 ($0.91 profit per $1.00 staked). However, the odds at the Taiwan Sports Lottery are far worse – 1.77 (or $0.77 per $1.00 staked).

Taiwan sports betting sites registered offshore set their lines so they average 4.5% profit on the total of all bets they take. So, if they take one million dollars in bets, they would expect to make $45000 in profit. TSL, on the other hand, sets its lines to an average of 11.5% profit per bet. So in the same scenario, if they took an even million in bets, the TSL would expect to make $115000 in net profit. This further demonstrates why online bookmakers are a far better choice than the Taiwan sports lottery results.

Accumulators

In fact, the difference in profit margins is even larger than explained in the previous paragraph, for the reason that Taiwan Sports Lottery, as the name indicates, is a lottery. Most often it is required that wagers be made as accumulators as opposed to single bets. Instead of picking just one bet, an accumulator involves choosing multiple selections, and to win you must get all selections correct. If your bet involves 6 games and you get 5 correct and one wrong you get paid nothing. This is obviously nothing short of daylight robbery.

Popular Taiwan Sports Betting Options

The best bookies on Asiabet’s online sports directory for Taiwan offer all the most popular sports from around the globe. Here are just some of the sports you can enjoy betting on at the top Taiwan online betting sites.

Basketball Betting at Online Bookmakers in Taiwan

Basketball, in particular NBA, is a very popular sport for betting in Taiwan. This has long been the case, but it has caught even more attention in our country due to the success of Jeremy Lin – who is of Taiwanese descent – entering the NBA in 2010 and becoming a star player. With Taiwan Sports Lottery there are several options for placing a bet on basketball.

With most of the above markets, TSL requires bets to be 3-team to 6-team accumulators. For certain matches, some singles and doubles are allowed. There is also a form of betting called Suǒyǒu wánfǎ: Hùnhé guòguān (所有玩法:混合過關) which means “all games played mixed up”. This allows you to bet different markets together in the same accumulator. For example, you can add a handicap from one game, a total from another, and a match-winner straight up from a third into the same accumulator.

As mentioned previously, Taiwan sports betting sites have much better odds. They also support all of the above wagering options and offer markets not only on the NBA, but on basketball leagues worldwide. TSL offers other leagues too such as European basketball, but for those markets, their margins are even higher (up to a 14% hold). With top sites on Asiabet’s online sports directory in Taiwan, you can find holds as low 2.5% on leagues such as NBA from the United States, PBA from Philippines, CBA from China, and all the European leagues. The highest price you will find on point spreads is a 4.5% hold when betting online. At TSL the same is 11.5% to 14%.

Baseball Betting

For baseball betting from Asia, I won’t explain the markets because they are the exact same as I just covered in the basketball section. One exception is that for major televised games TSL offers Single Inning Home Away Draw (單局主客和) also known as Single Inning 1X2. This allows you to bet on whether the results of a specific inning are home team winning, a tie, or an away team win. While this is a neat form of betting, the downside is the margins are very high. TSL sets the odds in such a way they expect to profit about 14%. At top sites, there would also be live betting available. Here you can bet on things such as whether the next pitch will be a ball, strike or hit, or what the result of the current at-bat will be. You can also bet on the main markets while the games are in play.

Football Betting

For football/soccer, Taiwan Sports Lottery has odds on all the major European leagues. They offer five different types of wagers which are as follows:

Unsurprisingly, the TSL’s soccer odds are as bad as the ones they offer on basketball and online betting in Taiwan offers much better value. At Taiwan Sports Lottery the odds are set in such a way they stand to profit about 11% on HAD (1X2) bets and about 14% on all others. For football, 1X2 is often available with margins of 4.5% or less online. There is also a way to get even lower margins which involves betting using Asian Handicaps. Asian handicap is the best way to bet on football because it has the lowest margins. This means an increased chance of winning over the long term. This is only one of the many football markets available through online bookmakers that are not provided by the TSL.

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Asian Handicaps for Taiwan Sports Betting

The best sites for Asian handicaps can have margins as low as 2-3% compared to 11+% with TSL. In Asian handicaps, a point spread is used. If you bet a team -0.5 it means at the end of regulation you deduct 0.5 from their score to see if they are the winner. If you bet a team +0.5 you add 0.5 to their score at the end. If you bet a team -1 and they win by 1, or a team +1 and they lose by 1 the outcome is a tie. In this case, all bets are refunded. A unique feature is sometimes one-quarter and three-quarter handicaps are used. If the handicap is 0.25 half the stake is bet at 0 (no spread) and the other half at 0.5. If the handicap is 0.75 half the stake is bet at 0.5 and the other half at 1.