According to a survey by the National Council on Problem Gambling, the proportion of Singaporeans who gamble illegally online is just 1 per cent – one of the lowest in Asia – but mobile betting is growing every year. Already at the first 1win login, the user is confronted with strict local identification and payment requirements. This is what this article will be about next.
Legal Framework and Risks
Since 2022, the industry in Singapore is regulated by the Gambling Control Act, which combined the old regulations of the Remote Gambling Act 2014 and the Betting Act 1960. An online operator must be licensed by the Gambling Regulatory Authority; betting on grey sites carries a fine of up to SGD 10,000 or imprisonment of up to 6 months. 1win operates offshore, so the player is personally responsible for ensuring that transactions comply with local regulations and must only use channels that are not blocked by the Monetary Authority of Singapore.
Payment Methods and Limits
Popular ways to deposit money to 1win from Singapore:
- PayNow / FAST transfer (min SGD 5; crediting ≤ 5 min);
- GrabPay, Google Pay and other e-wallets (min. SGD 10, commission 0 %);
- Cryptocurrencies BTC, ETH, USDT (min. depends on the network; confirmation of 1-2 blocks).
Withdrawal is done by the same method as deposit; 1win’s standard limit is up to SGD 10,000 per day. Banks may request confirmation of source of funds for amounts > SGD 5,000, so keep screenshots of betting history.
KYC, Age and Self-Exclusion
In Singapore, any gambling site is required to ensure that the user is ≥ 21 years old and not on an exclusion list.
Once logged in, the system asks for a copy of passport and Utility Bill for an address. Verification via Singpass is not supported, so verification takes 24-48 hours. If the user is on the NCPG national self-exclusion register, the account will be blocked with no withdrawal allowed. In practice, Singaporean players report that automatic document scans speed up double-checks before large withdrawals.
Currency and Tax Nuances
Winnings in Singapore are not subject to income tax, but there are currency costs.
1win SG settles in SGD, but odds are often calculated in USD – the bank will deduct 1.0-1.5 per cent on conversion. Example: bet SGD 100 on odds of 2.10 (rate 1 USD = 1.35 SGD). If you win, 1win will charge SGD 210; if the bank charges 1% for the incoming FAST payment, the result is SGD 208.9 on your account.
It’s also worth bearing in mind that when using e-wallets (e.g. GrabPay or Google Pay) there may be hidden conversion fees, especially if the intermediate currency is USD. Some Singaporean 1win players get around this by depositing directly from multi-currency cards such as YouTrip or Revolut, where the exchange rate is closer to the interbank rate and there are no additional conversion fees when paying in USD.
Importantly, for large payments (more than SGD 5,000 per transaction), some local banks may temporarily freeze the transaction until clarification is received. In this case, the 1win user will need to provide an account statement, betting history or a letter from the operator confirming the origin of the winnings. To simplify the procedure, many experienced players save screenshots of the winning bet and the calculated amount from their personal account in advance.
1win also supports internal conversion to SGD at the exchange rate of the payment gateway, but this rate is fixed at the time of bet calculation, not at the time of payout. This can lead to minor discrepancies, especially when currency pairs are highly volatile. For example, if the USD/SGD exchange rate moved by 0.01-0.015 between the bet calculation and the actual withdrawal, the amount at the exit may differ by SGD 1-2 for an average bet of $100.
Monitoring and Analytical Tools on 1win
The “Quote History” section keeps a 24-hour chart and shows the inbuilt margin. The “Trends” tab sends a push if the odds have moved more than 0.07. The “Value > 3%” filter highlights events with a minimum margin. The “Line Comparison” function compares the current price with the market average, while pop-ups in the mobile app suggest accepting the new value or holding the old one in case of a delay – handy when betting at MRT on the way to work.
In addition, 1win offers a personalised analytics system that automatically collects betting history, calculates ROI and categorises results by market type – forfeits, totals, single and combined outcomes.
Singapore players who bet during the week receive a weekly report: how many bets were placed, how many were live, what the average odds were, and where the main drawdowns were. This allows you not just to play, but to analyse the effectiveness of your strategy and adjust your behaviour.
A session time limit option is also available. When the set limit is exceeded (e.g. 60 minutes), 1win Singapore automatically offers to pause and displays a summary of the current session: number of bets, average odds, balance changes. This feature is especially relevant for users who play from their phone during the day: short gaming sessions may not be noticeable, but can add up to several hours.
Another tool is the setting of auto-cashout on crash games and fast line. The system allows you to set a multiplier value or win amount, when reached, the bet closes automatically, even if the connection is interrupted. This is especially important for users with a variable mobile signal, for example in subways or offices with unstable Wi-Fi.