3 Signs Your Online Bookmaker Is Safe

Too much involvement in betting will put you at risk of getting involved with scammers and fraudsters. People tend to look for bookmakers who can make more money for them. However, not all bookies are safe. Therefore, you should put extra attention because it involves your money.

Not all websites are trustworthy and so does the bookmakers. You cannot trust anyone blindly. You need to find the right bookies who can make you win. Because only getting rid of scammers is not enough, you have to find the right bookies. You can visit this site for getting more information about the right bookies.

Asking about bookmakers is too common in the betting world. Of course, if someone is entrusting someone with their money, they want some type of insurance. So when it comes to betting online, this becomes of serious concern. Not only do the people want to win but also prevent every possible monetary loss.

Source: Global Sports Business Show

Problems that you may encounter

If you get into the wrong hands, it is possible that not only you are at a high risk of losing the bet but also at risk your bank account information. There are several cases of leaking of banking information or hacking cases of accounts.

Bookies get more hold of your personal email accounts and phone numbers. Thus, they might put you in a difficult position. You might not know about the spam email but once you click on the given link, your accounts will be hacked.

Furthermore, not getting a licensed bookie is equally dangerous for you. Because firstly, you cannot trust that person and he might leak your account information. Secondly, he might not be a real bookmaker and an inexperienced one.

So if you get involved with an inexperienced bookmaker, your chance of winning the game will decrease. He will make risky decisions and put you in a difficult position. You might either win the game or you will lose it completely.

So here are some tips that will help you with the selection of a safe bookmaker.

Source: jonhall.info

1. Check for the license

There is proper legislation for the operation of betting platforms in countries where betting is legal. Therefore, there are rules that you need to follow if you want to work in this sector. It is important for the bookmaker and betting platforms to get a proper license from the legislative authority.

Therefore, before you finalize your bookmaker make sure to look for the license when you finalize your bookmaker. It will put you in safe hands.

There are strict rules to follow to get a pass from the gambling commission. Furthermore, in some countries, the process is rather strict. This is to ensure the safety of people. Therefore, if you find someone who has the license, it means that bookie is the right one.

However, you should be aware of the fact that there are different types of licenses provided to gambling platforms. These 4 types include;

  1. An operating license – that will let the pass holder fully operate betting.
  2. Personal management license – that will be limited to the management on a personal level. That is, the person will become a manager himself and not through the company.
  3. Personal functional license – this allows the person to work by himself. It is for the staff of a betting company.
  4. Premises license – this will let the person set up and run his/ her betting shop. Thus, it is issued by the local council and not by the gambling commission.

The different types of licenses will let you know the credibility of your bookie. For example, the availability of the first three licenses means that the person is an office worker or an operator of a betting platform. This means that you can trust his credibility because the licenses are issued by the gambling commission after strict routine checks.

However, with the availability of a premises pass, you won’t be sure of the betting performance of a person. Though he is eligible to run his business, he might not be a good better or gambler. Therefore, be careful with the type of license too.

Source: Bit Rebels

2. Checking the credentials of the bookmaker

After you are done checking the operating license of the bookie, you need to make sure he is the one. Because not all license holders are the right choices. People can fake a license. Therefore, even if you see the license, make sure to double-check his credentials.

You can do so from the official web page of the gambling commission. If there is a proper legislative authority in your country, you will have the option to check the credibility. All the licensed betting platforms will be mentioned on the official website. Therefore, you won’t be in any doubt.

Furthermore, instead of asking your bookmaker for his credibility pass, you can simply check the list from the gambling commission. Afterward, you can choose which one to select, from the provided list.

Source: Sports Per Head

3. Fake or expired license

There is a possibility that what you are looking at is a fake or expired license. So if the license is fake, you won’t find it on the official list. And if it is expired, it will be on a separate list. Thus, it will deal with all your doubts.

In addition to this, if a bookmaker or betting platform is facing some restrictions, you will find that too. The official papers sum it all. If someone is found doing something illegal, his license gets affected. Or he suffers from penalties and related consequences.

Thus, if you finally realize that your bookmaker has a proper, active license and all his credentials are good, you can go with him. This will bring you a sense of safety and you can trust that person completely. Thus, both of you can share your views on the bet and make the right choice and enjoy the winning game.