In the past couple of years, the iGaming industry is taking over the world. These platforms had total revenue of over $62 billion in 2020 and experts predict that it will rise by a third in 2023. Moreover, they are convinced that online wagering platforms will take over the gambling industry by 2025 as their annual revenue will exceed $100 billion.
Online sportsbooks are part of the iGaming industry and these sites allow punters to place bets on pretty much every sport that they can think of at any time and place. Not only that, but they are extremely secure as they utilize the latest SSL encryption software, which is considered the best security system on the market today.
Thanks to these attributes, thousands of betting fans register at online sportsbooks. With that being said, we wanted to provide you with a list of things to remember when betting online. They will help you stay safe and reap the greatest benefits that these sites have to offer. Let’s start breaking down the details.
Licensed Online Sportsbooks Are The Only Option
As you may know, there are scammers that will present to you in a form of an online sportsbook so that you can leave your card details. You want to avoid those. Hence, licensed online sportsbooks are the only option.
If you have a list of sportsbooks where you are thinking of registering, make sure that each selection is a licensed operator. To check whether the operator is licensed or not, you just need to scroll down to the bottom of the home page and check whether a license and license number are displayed. If they are not, then the platform is likely a scam and you should exit it immediately.
Licensed operators also feature tons of sports on which you can place bets. Football, basketball, baseball, golf, e-sports; you name it, the sportsbook features it. In the recent period, darts has become a very popular category to bet on. If you are one of those fans, then bet365 Bonus Code is BET247 will increase your chances of winning a ticket, so make sure that you give them a read.
You Can Claim Bonuses and Promotions
Next up, bonuses and promotions are one of the main reasons why players decide to register at online sportsbooks. You will be pleased to know that after you’ve registered at a betting site, you will become eligible to claim these bonuses.
They come in the shape of welcome offers, daily reload bonuses, Free Bets, cashback bonuses, enhanced odds, odds boost, and tournaments with great prize pools. One thing that is worth a mention is that these bonuses and promotions vary, depending on the chosen sportsbook and they might not be available to all sports events. Hence, you are ought to read the terms and conditions.
There Are Various Ways to Get in Touch with Customer Support
When bettors experience any problems, they will be able to contact the Customer Support team. A majority of online sportsbooks will allow you to contact the Customer Support team in multiple ways – via email, phone, and Live Chat.
Considering the fact that they are extremely professional and effective, you will easily be provided with a solution to your problem.
Terms and Conditions Need to be Read
While speaking about the bonuses and promotions, we mentioned that you are ought to read the terms and conditions. This does not apply just for the bonuses, but overall, for all activities connected to the sportsbook.
By reading the T&Cs, you will get a clear understating of how the sportsbook works and what are its rules. The T&Cs that apply to the bonuses and promotions include the minimum required deposit to claim a bonus, timeframes in which the bonuses must be used, market restrictions, maximum bonus amount, wagering requirements, eligible payment methods, etc.
As for some of the general stuff, the T&Cs state the minimum age that you need to be in order to register and place bets, the accepted payment methods, minimum and maximum deposit and withdrawal times, as well as the processing time of some payment methods.
Choose Your Optimal Payment Method
Speaking of the payment method, you should always choose the one that meets your individual preferences. For example, credit cards have tons of advantages, but if you are from the UK, you will not be able to use them as the UK Gambling Commission has banned them.
Furthermore, you should check the processing time for withdrawals. Some payment methods are processed faster, while for some, it may take a week to transfer the money. Finally, you should see whether the chosen method is eligible for claiming bonuses and promotions.
Many operators consider e-wallets, especially Neteller and Skrill as ineligible to claim their featured bonuses and promotions.