Put Your Thai Baht to Good Gambling Use

On this page, you will find the best sports betting websites for punters who want to use Thai Baht as a currency. Thailand is a country where gambling increases its popularity, and more and more people are looking for bookmakers which will accept their national currency. Unfortunately, these websites are quite scarce, so continue reading this article to find out what deposit methods they offer and if punters have to pay tax on their winnings.

Where can you bet using Thai Baht?

You will find that only two gambling websites offer their customers the chance to use THB as a payment method, and they are BetVictor and Bet365. Fortunately for people from Thailand, those are one of the best bookies in the world and we would recommend them to anyone.

• Bet365 – This is a website which accepts a wide variety of currencies, so the inclusion of the Thai Baht isn’t surprising. They also have many deposit options for people to choose from, for example, Entropay, Click2Pay, cheque, wire transfer, and debit card. You can also withdraw by using the same methods although if you want your money quickly, we wouldn’t recommend using a cheque. Have a go at it!
• BetVictor – Keep in mind that after you make your initial deposit in THB at BetVictor, the sum will be converted into a more widespread currency such as United States Dollar, Euro, or British Pound. Another downside is that you can only deposit and withdraw money using a debit card. Take a risk!

Gambling Tax in Thailand

Some gambling forms are considered illegal in this country which means that there isn’t any reason for the government to introduce a gambling tax. Of course, you can gamble at foreign betting websites and keep all of your winnings, which is always great. Citizens of Thailand have to pay income tax, but gambling winnings don’t qualify as income; however, we still think that it is best if you don’t boast too much about how much you win when betting.

What payment methods should people who want to deposit in Thai Baht use?

Even though gambling at foreign bookies isn’t considered to be illegal, a safer option would be not to use your debit card for gambling activities if the government decides to change the laws.

Good alternatives to the debit card are eWallets like Neteller or Entropay because transactions addressed to them don’t draw so much attention. You also shouldn’t deposit money into illegal casinos in the country because it can get easily stolen.

Asian Currencies

• • Hong Kong Dollar
  • Malaysian Ringgit
  • South Korean Won
  • Japanese Yen
• • Taiwan Dollar
  • Indian Rupee
  • Chinese Yuan
  • Singapore Dollar