In 2020, the global sports betting industry was valued at $203 billion, indicating that the popularity of this pastime only keeps on growing. The rising demand for online sportsbooks resulted in plenty of betting sites springing up every day. With such a huge choice, it can be challenging to choose a sportsbook that will meet your expectations.
As a new bettor, you should know that not all bookmakers keep their promises. That is why we will dedicate this article to all you need to know when selecting the perfect online sportsbook for you. Keep in mind that every bettor is unique, and what is good for you does not always mean it is good for all. However, we will outline universal rules that you have to follow when picking a betting platform.
Check the License of the Sportsbook
The most important thing to pay attention to is the license of the sportsbook. Reputable betting sites display information about their license and operating company at the bottom of their websites. Remember that a stamp of approval from a given regulatory authority does not always mean that the sportsbook holds such a license.
That is why you should verify the validity of the bookmaker’s license by visiting the official website of the relevant regulator. Each regulator has a database, where you can enter the license number of the sportsbook and check its validity, expiration time, and other details about the company.
The most reliable sports betting regulators are the UK Gambling Commission and the Malta Gaming Authority. If the sportsbook holds a license from an “offshore” jurisdiction such as Curacao, Costa Rica, or Panama, we advise you to carefully check it before setting up an account. And if you believe it is reliable, make a small first deposit and try to withdraw your winnings.
Read Some Reviews about the Sportsbook
Read some reviews about the sportsbook you intend to join. You will find plenty of websites dedicated to reviewing online sportsbooks, like superbettingsites. Of course, we do not say that you have to trust them blindly, because everybody can publish information on the Internet, but at least you will get a basic idea. Keep in mind that some companies pay other people to write fake positive reviews. So, always have second thoughts when reading such reviews.
Have a Look at the Sportsbook’s Banking Page
Sports fans should familiarize themselves with the supported payment solutions prior to joining a betting platform. Some payment methods cater to the needs of punters from specific regions only. Furthermore, not all banking options process withdrawals. Thus, you have to make sure that the web-based sportsbook has a payment solution suitable for your needs and preferences. Usually, betting sites that support widely-accepted payment methods are trustworthy.
While on the subject, do not forget to pay attention to the processing times of withdrawals, limits, and fees. Some bookmakers impose tight maximum withdrawal limits, meaning that if you win a substantial amount, you will have to cash it out in installments. As for the processing times, reputable online sportsbooks usually take between 1 and 3 days to review pending withdrawals.
Test the Customer Support Services
Every reputable online sportsbook should have a good customer support service. When betting online, issues might arise. That is why you should always look for a betting site that offers an around-the-clock customer support service. Furthermore, check the available avenues of contact. We advise our readers to select betting platforms that offer live chat support because that is the quickest way to contact the sportsbook’s customer support representatives.
Punters can also test the responsiveness of the sportsbook’s customer support representatives. Bear in mind that you might need to set up an account to access the live chat functionality. Some betting platforms also offer customer support over the phone. This communication channel allows sports fans to talk to a customer support agent right away.
Punters should always read the small print before joining an online sportsbook. In the terms and conditions section, you will find a list of excluded countries. If you reside in any of them, you are not allowed to register with the betting platform.
Reading the terms and conditions is a must if you intend to benefit from a bonus. Most online sportsbooks offer plenty of promotions that come with specific terms and conditions. Some bonuses are available only to punters residing in particular countries, while others might require you to top up your betting account via a specific payment method.