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So you’ve got decided to start betting online – or perhaps you just want to find a new dependable sportsbook – what do you will need to be aware of?
Well I am in a position to speak 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 united states market. I have had at least three online sportsbooks go broke on me – luckily my losses were kept to several 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, do not hold accounts with the sportsbooks they are advertising and also have not researched the businesses they can be involved with.
You are keeping your money within an account online. Therefore you should think of the sportsbook you are considering as a bank – an area that you intend to keep funds long term.
Read press articles rather than reviews – reviews tend to be written 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 to ensure that in the event the sportsbook company goes under – your funds continue to be safe.
Find out should the sportsbook is independently audited.
How long has the operation been online – three to four years is generally a good marker as the minimum.
Test out the customer services to determine should they meet your standards or football soccer agent (i loved this) the standards they promise you.
In the event you know about betting already, then check some of their odds and lines – are they in keeping with what you will expect? Some less scrupulous sportsbooks offer very attractive prices to lure unsuspecting bettors.
Find out if 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 and also the associated charges. These vary quite a bit from book to book. Options should be available which are free or where the sportsbook absorbs the charges. But ask yourself ; how easy is it to get access to my money and how much does it cost?
Not all of the above are critical – but help towards finding a secure book.
Should you have already have an account with a sportsbook watch out for lapses in customer service and slowness of payment – these may be signs that the company could possibly be in trouble.