Have you ever wondered whether your sportsbook is licensed? Most people don’t. It’s fair to say that the majority of bettors go about the business of placing wagers on sporting contests with little regard to licensing procedures or regulatory oversight. Unfortunately, this can lead to some grey areas where things aren’t always as they seem.
There are many online gambling sites that claim they are legal when in fact, they are not. When signing up for, say, sportsbook singapore-based sites, always make sure they are licensed. A license means that the sportsbook is operating legally and follows the regulations of their local government as well as some international governing bodies like the IGC, NCCP and ICC.
Here are some ways to make sure your online bookmaker is legal:
Is your sportsbook licensed by a reputable gambling authority?
This is the first, most obvious and important step in making sure you’re dealing with legitimate sports betting business. Most major sites like WB7 will proudly display their gambling licenses as evidence of legitimacy, but some obscure or newer websites may not make it easy to find out whether they are operating legally.
In order to judge whether a sportsbook really has been licensed, you have to check what type of license they’ve been given and where. Publicly available records should be able to tell you the answer.
If you can’t find out where their license comes from, you can assume they don’t have one.
Is your sportsbook free of rogue operators?
The second way to make sure your sports betting site is legal and above board (and this is important) is to ensure that it’s not associated with another shady business in the online gambling world: rogue operators.
What are rogue operators? These are businesses that operate an illegitimate gambling site. Some of them will even pretend to be licensed, but they’re actually rogue because they aren’t licensed by any official authority. Rogue operators may also engage in unfair or dishonest business practices like stealing bets or using underhanded tactics to win (like altering the outcomes of sporting events).
How does your sportsbook protect players’ privacy?
It’s important to find out how your online bookmaker protects you as a player, too. You don’t just want to know that they’re legal. You also want to know that their business is risk-free and safe for customers.
Sites like WB7 with strong privacy policies are probably safe. Sites that don’t guard your privacy (and therefore could easily be hacked) aren’t worth considering, no matter how highly they’re reviewed or how cheap their fees are.
Another thing to watch out for is sites that require you to download software in order to play or bet. Not only does this open up the possibility of getting a virus, but it also means you can’t sign up anonymously.
What kind of promotions and bonuses does your sportsbook offer?
Look for a bookmaker, sportsbook singapore-based sites, for example, that offers a generous welcome bonus or sign-up promotion when you join because these are the sites that care about growing their customer base. If they’re not trying to entice you with a bonus, it’s a sign they don’t really need you as much as other online bookmakers do.
Look for regular promotions and special deals too. These are usually announced on the website or via email newsletters, so be sure to check their promotional page every now and again.
Is your sportsbook safe?
Lastly, make sure your sportsbook is safe for you to play at (and that they’re not linked to any dodgy business models like rogue operators). As said earlier, you want a site that’s licensed and plays fairly. You also want to know what security measures are in place so you can trust them with your money.
The best way to find out about this is to see whether they have a section on their website where they explain how their security works. You can also look for evidence of audits by gambling authorities and endorsements from consumer protection groups.
If you can’t find any information online, don’t be afraid to ask!