There are some many online sportsbooks out there that its hard as a recreational bettor to make a decision where you can bet in the knowledge that you won’t be come another person ripped off by a rogue sportsbook. The fact is that there are less dodgy operators around than, say, 2 years ago. However, this does not mean you don’t have to do your homework when deciding where to bet. Here are some simple things to look out for when selecting an online sports betting operator:
Licensing – not enough can be said about this. There are some very questionable places in the world that grant “gambling licenses”. As far as we are concerned, the only places that offer valid licenses are first world countries, Costa Rica and Antigua. Steer clear from anything else.
Margin – every sportsbook takes some sort of margin on each bet, although it varies greatly. If either you can not find information about the margin, or it seems excessively high, move on.
Bonuses and Promotions – If a sportsbook offers a huge sign up bonus, it is often reason for suspicion. Why would anyone increase your odds by giving you tons of free cash. Bonuses have their place, but its a sweetener and no more.
Payout procedures – Are these clearly published on the website? Even if its is, send them en email to confirm their process and turnaround time.
Blacklisted? – You’d be amazed what pops up if you search for “Sportsbook name” + blacklisted in Google.
Customer Service – Phone the toll free number listed on the site before making a deposit. Ask them a simple question like what is their minimum deposit. If you don’t get a concise answer, in proper English, it’s time to leave.
Track record – How long have they been in business, or better yet, can you even establish this from their website.
There are many other things to look out for like ownership and awards won. At the end of the day, you should trust your gut instincts and do enough research to make you comfortable. Sports betting should be a fun activity and free of the stresses of wondering if your money is safe.