Online sports betting is an extremely popular form of gambling. It just takes a few seconds to set up an account and start betting but, unfortunately, it is also easy for online sports bettings to scam you out of your money.

 

 

 

Every year sports betting are taking millions of dollars away from bettors by failing to pay out their winnings or by rigging the game against them. There are a handful of sportsbook scams out there and it is important to avoid them when placing your bet.

If you want to stay safe, then follow these tips.

 

Look At The Timestamp

 

Don’t gamble on new online sports bettings that have just come about. These sports bettings may be honest but, more likely than not, they will be scams. There are many cases where sports betting has just opened for business but then suddenly gone out of business only a few months later, without paying their players. You should be gambling with online sports bettings that have been around for at least three to five years before trying them out.

 

Check Their Reputation

 

Always check to see if the online sportsbook that you are interested in joining has a good reputation. You should be able to easily find reviews and feedback about trusted online sports betting sites. If they do not have any reputation, then it is likely that they were scam sports bettings and operated with little payment towards their players.

Check reviews of bettors that have actually used that site before. Sites like TrustPilot are great for reviews because they offer both customer reviews and reviews written by employees of online sportsbooks.

 

Look At The Hidden Details

 

Check for hidden or small print fees. Many sites employ these tactics in the hopes that players will not read them closely. Some sports bettings may charge fees for processing withdrawals or deposits, while others may have rates of exchange.

 

Test It Out First

 

Don’t gamble with real cash until you are confident about where you are placing your bets. Online sites allow people to make fake bets with “play money” first. This allows you to try out sports betting before depositing your cash.

Then, always remember to withdraw your money as soon as you are finished betting. If the sports betting is legitimate, then they will have no problem with you withdrawing your money.

Avoid sports bettings that employ any of the following tactics to trick you out of your winnings like failing to pay out on bets, slow payment processing, or taking excessive fees.

Even if you somehow manage to get all of it right and are really really sure of the sites, the chances of getting scammed is still there. Hence why, you also need to know how to maximize your winnings so that once you find your perfect sites, you can readily start to make some money. Here are some useful tips to start your gambling journey:

1. Understand how the sports betting odds work. The sports betting odds represent the likelihood of an event occurring. In order to make money from betting, you need to find bets where the odds are in your favour.

2. Shop around for the best odds. Don’t just bet with the first sportsbook that you find. Compare the odds at different sportsbooks to see which offers the best value.

3. Find good value bets. A value bet is a bet where the odds are in your favour even if the chance of the event occurring is low. For example, a bet on a team that is 2/1 to win may be a value bet, as opposed to a bet on a team that is 1/5 to win.

4. Bet in-play for the best value. The best bets are in-play and in-running, or live in sports betting terms and is where you place a bet when the event is actually happening. Live odds change dynamically with every minute so you can take advantage of changing odds if your chosen team is performing well or badly.

5. Place bets with a bookmaker that offers in-play betting and high odds. This is where you can find value bets, as they often offer high odds and in-play betting on less likely events to attract long term customers and sports bettors.

6. Read the rules for any bonuses offered by sportsbooks. Many sportsbooks will offer bonuses or incentives for new customers, but this often comes with strings attached. Make sure that the terms are suitable for you before accepting any bonuses.

7. Don’t bet more than you can afford to lose. Gambling is a great way to enjoy your favorite sports and teams, but it’s also an unpredictable business with many risks. Make sure that you are always in control of your money when placing bets, and don’t bet with money that you can’t afford to lose.

8. Always check the sportsbook’s reputation before joining or depositing real cash into an account. If they have a poor reputation then there is probably a good reason for it, so make sure that the sportsbook is well established and has a good reputation before you place your bets.

9. Find out how quickly withdrawals are processed by a bookmaker before signing up or depositing any money into an account. If they offer quick withdrawal times then you can be sure that they will pay out on winning bets quickly too which is essential to being able to get the best value over time.

10. Only fund your betting account with money that you can lose. There is a real risk of losing money when gambling, so make sure that you only bet with money that won’t impact you if it’s lost. It’s also a great way to stop yourself from spending too much on gambling.

After reading this article, readers will be able to choose the safest online betting site to place their bets. This article is good for people that are looking into online sports betting and want to protect themselves from scams.

 

 

Tags: avoid sports betting scams, sports betting

This entry was posted on Monday, January 17th, 2022 at 7:58 am and is filed under Sports Betting. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.