Online gambling is more popular than ever in China. Even though Neteller 1-Pay is no longer available for gambling transactions there are still plenty of ways to deposit and withdrawal at online gambling sites that accept Chinese Renminbi (RMB). For example www.bet365.com is the most popular gambling site in China, they offer multiple versions of baccarat including games with live human dealers, traditional casino games such as slots, skills games such as Mahjong, online poker, online bingo and of course sports betting on European football and Chinese Super League, Yi League and Jia League. At Bet365 deposits are very easy, anyone with a Chinese debit card can deposit and withdrawal using ASIA365.
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- The Case for Investing in the Chinese Yuan. From 2015 to 2020, the devaluation of the yuan by the Chinese government has accelerated from approximately 6.20 yuan-to-the U.S. Dollar (USD) in 2015.
- Gambling in China is illegal under Chinese law and has been officially outlawed since the Communist Party took power in 1949. Any form of gambling by Chinese citizens, including online-gambling, gambling overseas, opening casinos overseas to attract citizens of China as primary customers, is considered illegal.
It not only prohibits gambling in the China online casino sites but also blocks the best online casinos for Chinese players located overseas. The country's policy is to completely prevent its citizens from making bets in the top 10 Chinese online casinos and only left them with the two state-owned lotteries and some sports betting events.
Understanding E-Wallets
In case you’re not familiar – an e-wallet is intermediary between a gambling website and your credit card, debit card or bank account. E-wallets are important for both privacy reasons and because Chinese banks have been instructed by the State Council Information Office (SCIO) to block all gambling related transactions. How the process works depends on the e-wallet in question. When using ASIA365 your e-wallet account is considered “managed”. The gambling site you use to deposit and withdrawal with will handle all aspects.
The disadvantage of most e-wallets is the large fees involved. The good news is if you first open a wagering account at www.bet365.com and then from there cashier follow the instructions for an ASIA365 deposit, you can deposit in RMB without any charge. When it comes time to cash out your winnings you can once again can follow Bet365’s instructions and withdrawal via ASIA365 free of charge.
More Options Outside Yuan Renminbi
For sports betting www.pinnaclesports.com offers by far the best odds. Although their website is available in Chinese language and supports Chinese Yuan Renminbi (RMB) as a currency, they don’t have an easy method for deposits in this language and currency. Serious punters should consider opening an e-wallet account with www.entropay.com using Euro as the account currency. When you deposit Pinnacle will convert the EUR to RMB automatically. From here when you want to cash out of Pinnacle you can use their bank transfer method. Pinnacle gives you one free withdrawal via this method each month, with additional withdrawal after the one free one per month is used up costing ¥170 per transaction. The odds at Pinnacle are so much better than the competitors that this is well worth it for serious punters, even though that initial deposit will have an associated fee.
Betting Odds Formats
When wagering with European bookmakers from China (i.e Bet365 or Ladbrokes) the sports betting odds are available in European decimal format or sometimes UK fraction format. Unfortunately, here Hong Kong, Indonesian-style, and Malay-style odds are not supported. In case you’re not familiar, the payouts are the same, but different places of the world use different methods for listing the odds. The page with my odds converter cover this. To explain it here however, here is a quick explanation of Decimal, Fraction and Hong Kong odds formats.
European Decimal Odds – This is by far the most popular odds format used online. Decimal odds represent how much return a winning bet would pay for each yaun wagered. So for example if the odds are listed as 1.91 and you staked ¥200 a winning bet returns ¥200 stake *1.91 odds =¥382. Worth noting is this is not your profit, the ¥382 return includes your initial ¥200 stake, so your profit is ¥182. Therefore a ¥200 stake at odds 1.91 is risk ¥200 to win ¥182 profit.
UK Fraction Odds – This odds format is used in legal UK betting shops, but is also widely used in India and South East Asia as well. Here if the odds are listed as 10/11 this would mean you profit 10 for every 11 risked. Therefore staking ¥220 on 10/11 odds a winning bet returns your ¥220 stake plus ¥200 of winnings for a total return of ¥420. I calculated this by taking 10/11=0.9091 and then multiplying my stake (¥220*0.9091=¥200). Keep in mind UK odds represent how much you’ll profit, you also get back your stake.
Hong Kong Odds – This odds format is quite popular in Hong Kong, Macao and is sometimes used in mainland China as well. Here odds are always stated as a positive figure usually using decimal points. If the odds were 0.7000 you’d get back 7 jiǎo (¥0.70) for each 1 yuán (¥1) staked PLUS get back your stake. If the odds are 3.40 you’ll get back ¥3.4 for each ¥1 staked plus get back your stake.
Note: to summarize this, European odds calculate only your return which is stake+win. UK fraction odds and Hong Kong odds calculate only your win. When dealing with these you’ll also get back your stake.
Best Online Bookies for China
As I already mentioned in this article Bet365 is the most popular gambling site available Chinese language and offering Yuan Renminbi accounts, while Pinnacle Sports is the site that offers the best odds. However as censorship in China is hard to predict and you won’t always know which sites are next to get blocked by new State Internet Information Office (SIIO) it’s important you have a handful of options. Here are is my list of in order of the best bookies for residents of mainland China.
#1 is Bet365 – as mentioned this is the most popular online gambling site in China. Their company is headquartered in Gibraltar and licensed by both the UK Gambling Commission and Gibraltar Regulatory Authority (GRA). They are very reputable and well respected. In fact, for almost 40-years now they’ve been owned by the Coates family which also owns the English Premier League football club Stoke City. This is a gambling site you can trust and they offer odds on American, European and Chinese sports. For China you’ll find football including Super League, Yi League and Jia League as well as many Asian and world competitions for a large variety of sports.
#2 in Pinnacle Sports – Again Pinnacle Sports is the site with hands down the best odds. Their website is available in Chinese and they offer betting accounts in Chinese Yuan Renminbi (RMB). They’ve been in business since 1998 and are headquartered licensed and regulated in the Curacao which is a constituent country of the Kingdom of the Netherlands. These guys are best known for the fastest payouts, highest limits and lowest margins. They however don’t cover many Chinese Sports. If you’re betting on American or European sports – this a great site to choose.
#3 is 188Bet – This is also a very good website for betting European and American sports. They are friendly to Chinese punters accepting wagers in Chinese Yuan Renminbi (RMB) and offering Chinese language support. Their company is licensed in the Philippines and the Isle of Man, sponsors five English football clubs, and is audited by the most respected firms in the industry including TST. The betting options here are many and live in-play betting for football is well covered. As far as banking options a large number of banks are supported for Chinese debit card deposits and withdrawals in RMB can be made directly to your Chinese Bank account.
#4 is Ladbrokes – This is one the oldest companies in the gambling business, they got their start as a horse racing commission agent in the UK 126-years ago in the year 1886. Today, they have 24% market share in the UK with over 2,000 live walk-in betting shops. Their online gambling site is friendly to Chinese offering language support and betting accounts in Chinese Yaun and they offer a variety of betting odds for all Chinese Super League football matches. Here you can deposit using EntroPay and withdrawal via international wire transfer.
#5 is William Hill – This is another brand similar to Ladbrokes, their company got started in 1930 and today has over 2,000 legal betting shops in the UK and a 25% share of that market. They also offer account in Chinese RMB, support Chinese Language and accept wagers on China football matches. Again, here you’ll also want to deposit via EntroPay and withdrawal via international wire transfer.
#6 is Bodog 博狗– This is another gambling site that offers great odds to China residents. In their casino 0.4% rebates are paid weekly and new players can get a sign up bonus. It’s also very easy to deposit here using a Chinese debit card and when you want to withdrawal, funds can be transferred in RMB to your home bank account. Bodog88 is licensed in the Philippines and they are a highly reputable company that shirt sponsors the English football club West Bromwich FC. The one down side is their sports betting lacks Asian appeal; odds are listed only in European Decimal format and Chinese Super League is not included in their offers.
#7 is Mansion88 – This is a popular brand in Indonesia that is licensed in the Philippines. They are very friendly to China offering RMB accounts and Chinese language support. Here you can deposit via debit card and withdrawal via personal bank transfer. A benefit to M88 is they offer odds in decimal, Hong Kong, Indonesian and Malay odds formats.
#8 is 12bet – this is another site licensed in the Philippines that allows RMB deposits via debit card and withdrawals via bank transfer. In case you’re not familiar with 12bet, they are also known as ibcbet in other areas of the world. In China it is encouraged punters open an account via the 12bet brand as this is the one with Chinese language support and the best banking options. Here you can wager in Decimal odds or any Asian odds formats.
Once again, all website listed here are available in Chinese Language, accept residents of China and offer betting accounts in Chinese Yuan Renminbi (RMB). If you decide to use them to gambling online we at Sports Betting Sites wish you the best of luck.
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Massive crackdown nets thousands of suspects, billions of dollars
Apparently tiring of the massive amounts of illegal funds flowing into gambling outside the country, China’s Ministry of Public Security has completed a harsh crackdown, arresting more than 11,500 suspects, destroying 368 gambling platforms and 148 technical programs and seizing more than US$32 billion, according to a government press release.
It’s uncertain what effect that is going to have on the burgeoning offshore gaming industries in the neighboring countries – or which ones, for that matter – that cater to Chinese gamblers placing their bets from the undetected safety of their domestic living rooms. The ministry’s statement mentioned Vietnam, Myanmar and Southeast Asia as areas where illegal gaming is taking place.
“China has been arresting people for this kind of thing for some time,” said an executive with a Manila-based risk management firm. “If the scale is really different this time, then the [Philippine Offshore Gaming Operators} would be affected. Counter to this is that many of the people that run these operations are Indonesian, Malaysian, whatever. I think this kind of thing won’t kill gambling in the Philippines, but we would expect it to hurt.”
In August 2019, the Chinese Embassy complained to the Philippines over operations that permit online streaming from video studios of casino-style table games aimed at overseas consumers, issuing a stern warning that the burgeoning online gaming industry POGOS, as they are called, were draining hundreds of millions of renminbi through underground banks and cross-border money laundries and “posing a threat to China’s financial security and supervision.” The embassy warned that the government planned to step up action to stamp out illegal gambling and told its citizens at home that if they were gambling overseas, they could be committing criminal acts.
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Duterte so far has refused to shut down what has become a lucrative foreign exchange earner. Bt nor is the Philippines alone although its online gaming operations now dominate the industry. Last year, apparently after a stiff warning from the Chinese authorities, Cambodian police with Chinese help arrested 127 Chinese nationals accused of running an illegal online gambling and extortion ring. The Cambodian leader Hun Sen ordered Cambodia’s flourishing gaming industry closed, causing a real estate crisis in Sihanoukville. Today, however, gaming sources say, the industry has popped up again in Cambodia in defiance of Chinese orders. It’s uncertain if the Chinese raids have now closed down the operations.
On the Chinese mainland, casino gambling is only permitted in the former Portuguese enclave of Macau. Marketing within the mainland of gambling operations outside the country is also prohibited, but it’s clear that word has spread enormously among the Chinese population.
According to the public security ministry, officials began the crackdown at the end of February, deploying agents across the country to carry out in-depth efforts to combat cross-border gambling and related blackmail, fraud, money laundering, abduction, trafficking, smuggling, finance, and other illegal and criminal activities that have grown around the illegal gaming industry.
The alleged criminal activity is sophisticated, with syndicates developing high-tech software apps to move money while hiding activity from the authorities. The crackdown closed 187 payment platforms and underground banks, seized more than 220,000 bank cards, froze more than 28,100 accounts, and identified more than RMB229 billion US$32.3 billion) in funds. Within the country, officials broke up telecommunications network fraud criminal bank accounts and smashed more than 1,200 dens, seized more than 27,000 sets of accounts involved.
Although the Communists officially outlawed gambling when they took power in 1949, they have had big problems trying to quell it. Chinese bureaucrats have been notorious for thieving billions from state agencies and state-owned enterprises to slip across the border to gamble. Chinese police have engaged in a cat-and-mouse game in Macau for decades, arresting government officials and dragging them back to China for trial.
Thus the urge to gamble has created a new economic pillar for the Philippines, which has remained largely outside the sights of the Chinese government. The POGOs, as the offshore operations are known, have exploded in size. Small-time bettors using their phones can live-stream wagers of as little as 10 RMB (US69¢) through Putonghua-speaking computers. More affluent gamblers can use attractive fashionably-dressed proxies wearing headsets to play baccarat and other games. Thus the Chinese at home are finding it easy to spend vast amounts of money and time online, a growing percentage of that passing through Manila. With computers and smartphones, they can hide their gambling from authorities.
President Rodrigo Duterte has said there could be as many as half a million mainland Chinese who have flooded into the country, legally, or illegally although the government officially put the number at 149,000 at the end of 2019. The industry has become the biggest demand driver of office space in Metro Manila, outpointing business office process outsourcing, another industry in which the Philippines leads the world.
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Unfortunately, it has also generated considerable crime, much of it committed by Chinese loan sharks committed against gamblers who get in over their heads in the proliferating casinos. The Chinese embassy charged that dozens of kidnappings and torture cases have taken place against Chinese citizens who gamble or work illegally in gambling entities in the Philippines.
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There is no indication in the public security ministry’s statement that the graft campaign targeted the Philippines. In typical cases, the statement said, “overseas casinos attracted customers to gamble in our territory,” organizing agents to solicit from overseas dens and within the territory. Suspects used software development as a guise to provide technical support for overseas casinos and online gambling groups in Southeast Asia, transferring and withdrawing funds in the country and hiring people to send cash to overseas casinos. Some organized outbound gambling.
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In January, the public security agents discovered that overseas casinos were recruiting domestic personnel to participate in gambling on a massive scale. In Gansu, for instance, public security agents launched a network arrest operation that netted 32 suspects, hunted down another 22 suspects online, froze 1,200 bank cards as well as 269 various accounts and seized cars, computers, mobile phones, and other equipment.