There are hundreds of online sportsbooks to choose from, but this doesn’t mean that they are all worth your time and money. Crime impacts most industries around the world, and sports books are not exempt. Choosing the wrong online sportsbook can literally make or break your entire experience, and that’s why it’s important to choose wisely.
While some sportsbooks may not be outright thieves, selling your financial information off the highest bidder, but if they refuse to pay out your winnings, they are thieves nonetheless.
I started EjWager-CrimeHistorian.com to inform punters and players on the types of crime that are associated with gambling, and I’ve also made it my personal mission to educate my readers on the ways they can safeguard themselves. Today we will discuss how legitimate sportsbooks prevent crime and what you can do to safeguard yourself.
How Soccer Betting Sites Prevent Crime
So you’ve done your research, read the reviews, and have taken to sports betting forums to find a top site amongst the many soccer betting sites available, and you’re almost 100% sure that you’ve found a legitimate site.
But how can you be sure that your information is protected?
What are soccer betting sites doing to prevent punters becoming victims of crime and gambling?
Regulations and Licensing at Soccer Betting Sites
Online sports betting is a truly global experience. Companies from all over the world have established online sportsbooks which has opened up the betting market to punters from every corner of the globe.
As amazing as this is, the downside is that gambling regulations and licensing differs greatly from one region to the next, and it can be challenging to ensure that you are protected.
Owing to the often outdated gambling laws and regulations of many regions, punters are often forced to use soccer betting sites that are owned and operated outside of their country of residence, and this of course is one of the main concerns of punters.
There is unfortunately no single organisation that regulates online gambling, but there are several well-known and legitimate gambling jurisdictions in which many soccer betting sites are based and operate out of.
How Online Sportsbooks Prove Their Legitimacy
These well-known gambling licensing jurisdictions only serve their purpose if they ensure that the online sportsbooks that are granted licenses are thoroughly tested for legitimacy and if they do everything they can to protect the consumer. Gambling and crime is prevented at soccer betting sites by these regulatory requirements:
- Fit & Proper Person Test: this is a fancy way of saying that the company who owns and operates a particular online sportsbook have to prove themselves as being trustworthy.
- Segregation of Customer Funds: customer bankrolls are required to be kept separate from the company’s money, to protect customer funds if the company ever went bankrupt.
- Software Testing
- Auditing: legitimate soccer betting sites have to be subjected to third-party auditing by independent companies on a regular basis.
- Dispute Management Process: if anything goes wrong, punters need to have a proper recourse and a formal complaint procedure is a requirement of the relevant licensing authority.
Protecting Yourself from Crime in Gambling
The only way to guarantee that you are safeguarded from becoming a victim of the kinds of crime associated with gambling is to ensure that you are using a legitimate site.
Read review and recommendation sites, and make sure that the soccer betting sites you use have 128-bit SSL data encryption software in place, to make your personal and financial information impenetrable to would-be thieves.