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How Should You Choose Your Bookmakers?

26-06-2019

Many factors can influence the outcome of sports betting, some of which are beyond your control. One of the things you can control is the selection of bookmaker. By signing up with a good bookmaker, you`ll have access to plenty of opportunities and tools that can enhance your betting experience and increase your chances of winning over the long run. Take the following factors into consideration when choosing a bookmaker.

Jurisdiction



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It`s safer to choose a bookmaker that`s legally allowed to accept bets from players in your jurisdiction. While a licensed bookmaker may not guarantee that your funds will be fully protected, it has to prove that it`s financially stable in order to obtain a license. If it enters into liquidation, such a bookmaker is obligated to protect your funds as much as it can. Choosing an unlicensed vendor can increase your risk of losing your betting funds.

Payout Time

Sports bettors can lose money very quickly, so it`s only fair that bookmakers should pay out in the shortest time possible. A fast-paying bookmaker shows transparency and instills trust in its customers. Payout times can vary greatly from one bookmaker to another. While some are able to pay out in an hour or less, most established bookmakers take an average of three working days.

Deposit Method

Credit and debit cards and bank transfers are the most common deposit methods in sports betting. Nonetheless, many online sports bettors prefer to use e-wallets because of their ease of use and speed. Using an e-wallet also reduces gambling transactions on your bank statements, which can help you avoid time-consuming inquiries from your bank. So, it`s a good idea to select a bookmaker that enables payments to and from e-wallets.

Bonuses

In an effort to attract and retain customers, most bookmakers offer regular promotions such as free bets and refunds, as well as long-term reward programs such as loyalty schemes. Browse the websites of reputable bookmakers to determine which one offers the highest rewards or the types of bonuses you`ll likely take advantage of. Alternatively, you can sign up with several bookmakers, so you can explore and receive bonuses from multiple sources.

Transaction Fees

Many bookmakers charge a fee for withdrawal, which varies depending on your preferred payment method. While some of them charge a negligible fixed fee, others may take a certain percentage of the total withdrawal amount, which can be a significant sum if you`re a high-stake bettor. Look for a bookmaker that offers free withdrawals or reasonable transaction fees.

With so many bookmakers available, it can be difficult to make the right choice. Following these tips can help you narrow your search and eventually find a bookmaker that perfectly suits your betting style and needs.




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