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So you have decided to start betting online – or possibly you just want to locate a new trustworthy sportsbook – what do you may need to watch out for?
Well I am in a position to talk from some experience – I did at one time hold accounts with about sixty bookmakers in Europe, UK, Australia and offshore – the latter catering mainly to the us market. I have had at least three online sportsbooks go broke on me – luckily my losses were kept to a number of thousand dollars – which could sound a whole lot but it could have been a lot worse.
It’s not that easy finding a reputable sportsbook – partly because the web is populated by website owners whom shall sing the praises of a sportsbook or casino simply because they earn revenue from signing up customers via an affiliate program. Often these website owners know nothing about betting, don’t hold accounts with the sportsbooks they may be advertising and have not researched the businesses they’re involved with.
You are keeping your hard earned money within an account online. Therefore you should think of the sportsbook you are considering as a bank – a place that you intend to keep funds long term.
Read press articles as opposed to reviews – reviews are often authored by the sportsbooks marketing team.
Test run the software by joining and playing for free – most sportsbooks offer this facility.
Find out if your funds are insured or separated in ESCROW accounts so that in the event the sportsbook company goes under – your funds remain safe.
Find out in the event the sportsbook is independently audited.
How long has the operation been online – three to four years is normally an excellent online soccer marker as a minimum.
Test out the customer services to view whenever they meet your standards or the standards they promise you.
If you are aware about betting already, then check several of their odds and lines – are they in keeping with what you would expect? Some less scrupulous sportsbooks offer very attractive prices to lure unsuspecting bettors.
Find out should the sportsbook is part of a bigger group of companies. Sometimes what this means is added solidity.
What will be the deposit and withdrawal options as well as the associated charges. These vary quite a bit from book to book. Options should be available that can be free or where the sportsbook absorbs the charges. But ask yourself ; how easy is it to get access to my money and just how much does it cost?
Not all the above are critical – but help towards finding a safe and secure book.
If you have already have an account with a sportsbook watch out for lapses in customer support and slowness of payment – these may be signs that the company may very well be in trouble.
