Can you Trust Online Sportsbooks with your Money?
Before betting on any online sportsbook, it’s essential to know its reliability. There are so many duplicitous sites out there that you must stay away from.
Likewise, there are some reliable websites where you can register and bet with confidence. Click here to see what we’re talking about!
In this article, we’ll explore how far you can trust these websites with your money.
Here are some of the signs you must watch out for to determine if a sportsbook is fraudulent:
- Delayed payouts
- Poor customer service
- Winning wagers not credited
- Making off with deposits
To know if a site is credible, you must take into account some factors:
1) License
Check your sportsbook’s operating license. By law, sports betting sites are required to be fully registered and licensed. Most legitimate sportsbooks will display their licensing details on the website. Beware of the fake licenses, as some sportsbooks are notorious for displaying outdated or fake licensing agreements.
2) Massive bonuses
Having good bonuses doesn’t mean that a website isn’t doing well. But you should look out for anything too good to be true. For example, a 550% signup bonus. If a site offers an unreasonably high number of bonuses or lucrative offers to its bettors, there could be something fishy about it.
3) Book-to-book transfers suddenly discontinued
Most sportsbooks allow transfer of funds to other sportsbooks. If yours has suddenly shut down this feature, it could suggest that there’s something off about it. It can mean that other sportsbooks have decided not to deal with them anymore due to various reasons such as fraudulent practices or bankruptcy.
4) Weird website
A reputable sportsbook should have a professional website and a clear user interface. No matter what device you use to open its site, the interface should be clear and workable. If some sections of the site aren’t working, it’s an indicator of a poor-quality website. Any reputable sportsbook would invest in a professional website.
5) Service
You should be able to reach out to customer service and get a timely response. No matter what type of organization you are dealing with, you should be able to communicate with them in case of any queries or complaints. One of the best ways to determine if a sportsbook is good enough is by assessing the customer service response time.
6) Verification process
Many fraudulent sportsbooks try to stall when it’s time to pay their clients. They’ll get stuck in the verification process that’s required before making the payment. To do this, they could ask for the information multiple times or even get you to send it via mail instead of uploading electronically. Any good sportsbook should be able to verify your information on the web.
Conclusion
Now that you know how a legitimate sportsbook should function, you’ll be able to make a better choice on what sites to bet on. Always remember, a good betting site should be licensed, have responsive customer service, clear terms and conditions, fast payouts, a decent website, and good reviews.