The online sports betting industry is a highly competitive market and, depending on where you reside, there may be hundreds – if not thousands – of online sportsbooks to choose from.
As such, it’s incredibly important that you recognise the signs of both reputable and untrustworthy online sportsbooks.
Here are the most important factors to consider before clicking ‘sign up’.
Consider Your Chosen Betting Markets
If you’re hoping to place wagers on popular sports such as cricket, rugby, tennis, and football, you shouldn’t have a problem finding a large selection of online sportsbooks to choose from, but what if you’re looking for more obscure betting opportunities such as a wide range of novelty markets (politics, entertainment, etc.) or lesser-known sports?
As such, it’s imperative that you peruse the range of betting markets available to choose from before deciding on a particular sportsbook.
While online betting has definitely changed the face of the industry, what about being able to place sports bets from anywhere, at any time, without access to your PC or laptop?
Look out for online sportsbooks which offer mobile betting and are compatible with a wide range of devices – iOS and Android – so you never miss out on great betting opportunities.
Read Online Sportsbook Reviews
Owing to the incredible popularity of online sports betting, there is a wealth of information available for sports bettors, including reviews of a multitude of online sportsbooks – both good and bad!
Be sure to read reviews from a few different sources to ensure a well-round picture of the betting sites in Australia you’re considering and if you’re having trouble finding a review on a particular site, it should probably be avoided.
Check the Minimum Deposit Required
While most online sportsbooks will offer a handsome welcome bonus, it’s not the only thing worth considering, as the minimum deposit required to create an account should also a major deciding factor.
While most online sportsbooks will allow you to make deposits as little as $10 / $20, some online sportsbooks require a minimum deposit of as much as $100.
Customer Service Excellence
If you can’t even get hold of the online sportsbook customer service representative when you have an everyday question, how are you going to get hold of them when something goes wrong and you really need their assistance?
Once you’ve created your account, before depositing any funds, get in touch with customer service – preferably through 24/7 online chat – and ask a few everyday questions about deposits and withdrawals. This will give you a better of understanding of how professional the company is and how much value they place in their customers.
Range of Banking Options
The best online sportsbooks will have a wide range of options for deposits and withdrawals available to choose from, not just the standard credit card options.
Banking should be secured by 128-bit or higher SSL encryption technology and you should be able to choose from e-wallets, prepaid cards, and direct bank transfers.
Withdrawing Your Winnings
There is no point in making a well-informed, successful sports wager if you aren’t able to withdraw your winnings once all is said and done.
Make sure that there are withdrawal options that suit your needs and make sure to read reviews which detail how willing the sportsbook is to part with your winnings.