The internet has opened up numerous opportunities for players who are interested in sports betting. It seems like there is a new sportsbook on the internet every time you look, and it is becoming harder to choose a reputable one among all the ones that exist and the new ones coming up. The good news is that reputable sportsbooks typically have the same qualities, and it is these qualities that you need to look for to know which one is or is not reputable.
Licensing and Legality
Before you deposit money into or place a bet on an online sportsbook, it is important to ensure that they are trustworthy and dependable. The best way to know this is to check their licensing. Having the correct licensing from the various gaming bodies and commissions around the world and in the country, the sportsbook is headquartered means they have fulfilled certain conditions.
These include a guarantee for winnings, data security, conformity with fair play rules and customer service. If they have also partnered with secure payment providers like Mastercard or Visa, they are more likely to be reputable. These payment providers care a lot about their customers, and they would not want to be in the middle of a dispute between a lawyer and an unscrupulous sportsbook.
Check Bonus Transparency
A common strategy sportsbooks use to attract new players is offering different types of bonuses. You will find these bonuses and promotions advertised on their homepages and their various social media platforms. To differentiate between reputable sportsbooks and those who may not be, check how transparent their bonuses and promotions are.
Reputable sportsbooks do not hide any information about their bonuses. They tell you what to do to get these bonuses, what you will get if you follow their instructions and all the terms and conditions that govern their bonuses.
Sportsbooks that are not reputable will always hide some terms and conditions so they can go back on their promises should you use one of their bonuses and win. There have been cases where players have used a bonus or bonus code to place a massive bet, won, and then the sportsbooks went back on their promise.
The best way to know if a sportsbook is being genuine with its bonuses and promotions is to look them up on reputable online review websites. There are some thorough reviews you can check out to see what type of information you should be looking for. For example, check out this thorough evaluation by Mr. Vihreasaari of the BetMGM online sportsbook to see an example of what you should be looking for.
Check Online Reviews
One of the best sources for information about how trustworthy a sportsbook is, is to check online reviews. Because there is money involved, most bettors will go online to post negative reviews if they feel slighted by a sportsbook.
With how expansive the internet is, it is easy to find numerous online sportsbook review platforms after a simple search. Try to find reviews of the specific sportsbooks you want to place bets with to ensure you have the right information.
Also, check their social media pages. If they do not have too many comments on their posts, and they boast many players, these comments were likely deleted. There is no need for a sportsbook to delete user comments if they are positive, is there?
It is important that you also learn to differentiate between genuine reviews and those that are not. Some people lose money and think the sportsbook is to blame. They then leave negative reviews that should not skew your perception of a sportsbook.
In the internet age, it is almost impossible for a sportsbook that is not reputable to survive for more than a few years. People will leave reviews talking negatively about the sportsbook and turn people away from them. The result is dwindling returns until the sportsbook starts losing money and then shuts down.
Try to engage with sportsbooks who have been in the business for more than five years. This is not to say they will be reputable, but the chances of them not being when they have been in the industry for so long are very low.
Reputable sportsbooks do not shy away from talking to their customers to solve any problems or issues they have. These sportsbooks will usually have different ways of getting in touch including email, social media, phone and live chat. Additionally, they may provide other resources to help you find the answers you need.
Providing open communication shows professionalism and high-quality services that the sportsbook can stand behind.
Protecting yourself and your money when placing bets online is important and that is why you should only place bets on reputable sportsbooks. The factors above, when used together, should give you a better picture of the type of sportsbook you are dealing with before you deposit money or place a bet with them.