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There’s a new and explosive trend worldwide of gambling and sports betting? Internet sports betting where millions of folks enjoy legal online sports betting wagering many billions of dollars every year. The net offers many opportunities for offshore sportsbook betting and has revolutionised the way people bet. With any new form of betting you will find always dangers and pitfalls that it is important to look out for. Online sports betting is no exception. Although online sportsbooks have made it easier to bet on all your favourite sports the net is riddled with unsafe and unlicensed sportsbooks which are only too happy to take your hard earned money and run. It is these cowboys that have made it much harder for the legitimate safe, regulated and licensed online sportsbetting industry to use, and they have given the industry as a whole a bad name.
Therefore it is crucial that anybody who could be considering throwing some cash at their favourite team or sport, look closely at the online sports betting site they’re betting with. There are a variety of factors to consider when assessing whether or not to open an account with the online sportsbook.
Is the sportsbook licensed by a government licensing authority? Their web site should state the country the book is licensed in. If there isn’t any mention of their licensing information on their website then it’s highly probable that they’re not licensed by any government agency. Betting through an unlicensed betting outfit is akin to throwing your hard earned money away. Also some countries have more stringent regulations, oversee their licensees more closely, and require more funds for them to use, eg. UK.
Internet security – Is the sportbook using the-latest internet security mechanisms? Most reputable betting outfits have highly advanced security on their web pages to prevent personal and banking information being exposed and playing football breached.
Depositing options. The sportsbook must have a range of depositing options and preferably accept 3rd party e-wallets such as Neteller and Moneybookers. Using a 3rd party e-wallet service for example Neteller lessens the need to send personal and financial information to every book you sign up with.
24 hour customer support by smartphone and email. A lot of the reputable sportsbooks offer 24 hour support by smartphone, email and online chat.
Incorporates extensive features offering a number of betting types and competitive odds. Some offer a multitude of betting types as well as other features such as statistics on all of their betting products. Some may specialise in betting on a particular sport and may offer the top odds for that sport but offer lousy odds on others. For this reason many professional bettors shop around and open accounts with a number of reputable sportsbooks to receive the very best deals.