There are a lot of reasons why you should shop for lines, especially in sports betting. This is to see if there are any more profitable lines out there so you can get the most out of your money. That said, having a list of bookies you can trust definitely won’t as you can cross-reference between them and determine which lines have the most profit.
However, finding a legitimate bookie can be quite a struggle, especially if you don’t know what to look for in a legit bookie. According to Mr. Ong, the CEO of WS88, a legal betting platform in Singapore, having an untrustworthy bookie is dangerous because not only will it scam you from your money, you could also be in legal trouble.
How confident are you in your bookies? Do you trust that they are honest enough with your winnings? Determining if a bookie is legit or a scam is easy enough if you know where to look. Take your cue from the following.
License
Any sportsbook, both online and on-location, can’t operate without a license. If you’re doing transactions with a bookie with no license, then you’re potentially dealing with a predatory bookie. So how do you find their license? Any reputable sportsbook singapore will take great effort in making sure that they are trustworthy and predatory.
The license page should be easy to find. Most betting sites do this as this is important to them because it can affect their business. So with all that in mind, why are licenses essential to them?
Licenses are important to them because it lets their customers know that their finances are audited by a third party and having a license means that they passed their audit examination. So if you see a license on your bookie’s website, that means that you’re most likely dealing with a bookie that has their finances audited and is trustworthy enough with your money.
They Have Book-to-Book Transfers
“Most sportsbooks nowadays allow their customers to have book-to-book transfers with other sportsbooks.” Mr. Ong added.
What is book-to-book transfer? It’s the ability to transfer your funds to other sportsbooks.
This is very convenient since it’s a feature that is fast and easy if you want to transfer your funds. This also means that they are associated with other online sportsbooks and are having business dealings with them.
However, when your sportsbook suddenly shuts off this feature, it’s a red flag. In all likelihood, the other sportsbooks must have cut off ties with them due to some illegal activities like fraudulent behavior or bankruptcy.
Regardless of the reason, the sportsbooks are most probably in hot water. In any case, this is a signal that you should also get your funds out from their system and find another sportsbook.
Great Customer Service
This is a huge red flag for us bettors out there since having no customer service means no one can hear out queries when a problem arises. It’s important to note that all legit sportsbooks singapore have customer service hotlines or emails to take care of their customers’ problems.
Also, these contacts should be 24/7 and should assist in any situation regarding their system. When you see an online bookie without any discernible contact hotline or email, avoid them right away. It’s either they are just starting or is predatory.
The Verification Process is Not Suspect
A common trick that fraudulent online bookies do is delay and avoid any queries about their payments and later claim that they don’t have the necessary information regarding your account.
They’ll send you several requests for information in order to buy you more time and keep your money. If you’re registering for the first time, the verification process should be quick and painless, and you should be able to withdraw and deposit money to your account quickly.
Takeaway
Of course, these are just some of the things you should look for in a bookie. There are a lot more signs that you can look for if you want to know if your bookie is legitimate. Also, always remember the red flags discussed in this article, and you’ll more likely be able to avoid predatory online bookies on the internet.
