Things You Need to Learn about Online Bookmakers before Opening an Account

October 19, 2014 | By E-FanSite | Filed in: Betting Guides.
The bookmakers in town IMG_4957

The bookmakers in town IMG_4957 (Photo credit: tomylees)

It is essential for you to learn some key elements about online bookmakers before you decide on opening an account with any bookmaker. Reading online reviews on bookmakers is one of the first things you should consider to do to help you choose the right bookmaker operating online. Make sure to check out the terms and conditions and reviews left by previous users on the betting platform you intend to be a part of. Also, check other external forums and chat rooms. Below are some key elements you should learn before opening an account with an online bookmaker.

Reliability is the most important thing you will consider when joining an online bookmaker. Check out whether the online bookmaker you are interested in joining has a proven track record. Do not join any bookmaker online that does not handle payouts on time, look elsewhere. Check whether the bookmaker responds immediately to an inquiry that you drop by email.

Always read the rules of the bookmaker site stated in their website. If you have any doubts, just drop them an email requesting to clarify. Check out the rules thoroughly before you open an account.

You will not want to pay taxes on your winnings if you live in a different country. Private online bookmakers pay taxes to the countries where they are based on. Check this option out too.

You should join a bookmaker online that have several methods of payout. Be sure to be comfortable with their method of payment. Also, check out the transaction costs involved in initiating a payout through bank transfer, online payment gateways such as Moneybookers, etc.

Make sure to check whether the odd offer by the bookmaker is favorable when compared with the rest out there. Many bookmakers change their odds but if you do not get the odd which was offered at the time you placed your bet, find another online bookmaker.

Choose the bookmaker that requires a minimum amount for opening an account. There are some bookmakers that will demand a huge amount of money to be deposited before joining them. Consider all these things before you open an account with them.

Today, you can bet online on everything as online bookmakers give you the chance to place hundreds of bets per event or match. Remember, gambling is a huge industry today and you will have to act smart if you want to make the most out of it.

One comment on “Things You Need to Learn about Online Bookmakers before Opening an Account

  1. Kens Mekdo says:

    There are a few other issues which you must remember never to do. You must never drink while making bets on the web. This must especially be followed if you are making live bets. Drinking and Online betting do not go well together and you might make some bad betting decisions under the influence of drinking. So, be sane and in your senses while betting on sports online.

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