Am I using a reliable Sportsbook? How can I tell?
There has never been a better time to bet on sports online, and there are more options than ever before. It’s becoming increasingly difficult to distinguish between reputable and dishonest sportsbooks, as both have a significant share of the market.
We’ve put together this manual to help you through the process of choosing a reliable sportsbook. It’s possible that scammers are getting better at what they do, but there are also a number of indicators that can help you identify a legitimate sportsbook. So let’s get to it!
Reasonable Incentives
In order to be considered safe, a sportsbook will not offer bettors perks that appear to be too good. It’s safe to assume that any sportsbook posing as a non-profit organisation is out to steal your money in some other way. Therefore it is beyond important to access and get hold of a comparison of advantageous free bets bookies to see which are reliable and which might be fake if you are looking for free bet incentives from your sportsbook of choice. A free bet as offered by the likes of BoyleSports and BetVictor is ‘free money’ that you can use to place a bet. The only typical caveat with a free bet though is that your free bet stake is not paid to you if you win, just your winnings.
What does “outrageous” mean to us? If a team is listed at +1000 on the betting moneyline, or if you’re offered a 500% bonus — stay away. Assess the odds, wagering limits and bonus conditions to ensure they are in line with industry norms.
Valid Licensing
If you only look for one thing, let it be their valid licensing. The same way that a property law firm needs proper licensing form the government to be able to run, sportsbooks are no exception. Reputed and reliable sports governing bodies require the licensing of gambling sites. It is possible to identify the least risky sports betting websites through the use of these licences.
On the home page of many websites, you’ll see the logo of a governing body for sports or a sportsbook licence. The fact that the sportsbook has a licence shows that it is in compliance with the law. When you place a bet on a legitimate sports betting website, you are granted a certain amount of protection.
Verification of Identity
Here, you’ll learn about how to successfully withdraw money from your sportsbook bank account. Licensed and regulated businesses, such as these online sportsbooks, are the mark of a legitimate sportsbook.
As a result, they must abide by the rules and regulatory requirements of the jurisdiction in which they obtained a licence. The KYC/AML (Anti-Money Laundering) requirements of international sportsbooks require that sportsbooks always confirm the authenticity of their clients before sending payouts.
There are a number of consequences for sportsbooks who fail to verify the identity of their customers, including involvement in criminal activity, facilitating illegal gambling, damaging their relations with their payment processors, and even sending payouts to the wrong party.
A sportsbook that wants to stay legal and provide its customers with the best possible service can’t do any of these things.
Untrustworthy sportsbooks are more likely to evade this security measure, so they don’t require customers to authenticate their identities. Neither legal compliance nor building a reputation in the market will be of much concern to a sportsbook looking to enrich itself at the expense of its customers. They’re only interested in your money, and they’ll take it and run!
SSL Protection
Securing a connection between a web server and browser using SSL (Secure Sockets Layer) is standard security technology. A huge amount of web-specific terminology, but this encoding ensures that the data exchanged for both you and the webpage is secure.
Millions of sites on the web use SSL technology to safeguard financial transactions with customers who have paid. Fraudsters will have a much more difficult time stealing delicate personal and financial information from websites that employ this technique.
Withdrawing and making deposits at your sportsbook necessitates the transmission of personal financial data. There are only two possible explanations for sportsbooks not running this SSL encryption: the sportsbook is deliberately attempting to take your data, or that they have no idea what they’re doing when it comes to internet security.
A sportsbook that doesn’t have SSL protection isn’t worth your time, and neither are the two other reasons to avoid it. What are the telltale signs of an SSL-secured site? Easy! If a site has a https:// prefix and a locked icon, it is secure. That’s all you need to do!!
Why is it Important to Pick a Safe Sportsbook?
Unless your sportsbook respects your deposits and winnings, sports betting is a waste of time. As one might have already heard, it is being said that Women’s state pension age will never go back to 60, this means that any probability to win money that arises, is always ideal to take a look at it.
Let’s pretend you’ve signed up and made a deposit at an unauthorised sportsbook. No matter how unlikely it may seem, it’s possible that one or more of the issues mentioned below may arise at this sportsbook:
- Your winnings could take up to 45 days to be paid out.
- Customer service is nonexistent.
- Not crediting or cancelling winning bets
- Outright heist of your hard-earned cash
- infected desktop or smartphone by viruses
By registering with a reputable sportsbook, you can avoid all of the aforementioned problems. Make sure you hold your sportsbook responsible and never accept anything but the best possible experience for your wagering needs!