Above all, beginners, in particular, ask themselves how serious is betting online, and how safe is it? If you want to answer these questions, you have to look at online sports betting from several sides in order to get a reliable overall picture. In addition to the security factor, the reliability of the provider also plays an important role, as does web security. This is the only way to ensure that you don’t fall for a dubious betting provider.
The seriousness of the sports betting market is growing steadily
The first online sports betting providers appeared in the mid-1990s, and the question was absolutely justified as to whether everything was going well and whether the amount would be paid out in the event of a win. At that time there were quite a few black sheep, which took advantage of the new medium internet to make quick money. They founded online betting offices and casinos in the Caribbean, where the servers were also located, and literally ripped off their customers. It particularly affected the American users, because the Internet connection in Europe was not yet sufficiently developed, so it was not as well known in our latitudes.
Intertops was the first well-known and professional provider to appear on the market in 1996 and a short time later several others came online. This heralded the era of reputable online betting providers. What nobody expected at the time that online sports betting was such a triumphal march.
Online sports betting – a highly professional and serious business
Today the topic of sports betting online is a business that is carried out in a highly professional and serious manner. It is expected to reach $155 billion in market value by 2024. The large online betting providers of today have been in business for many years and have in some cases already adopted the structure of a group with well over 1000 employees.
You ensure their reputation and a good reputation with marketing strategies for which they spend millions and even well-known football and sports clubs have concluded sponsorship contracts with various betting providers. This is exactly what makes online sports betting so safe because this environment no longer offers black sheep space because, without a correspondingly large investment, no one can gain a foothold in this business. In other words, the fraud providers were simply pushed out of the market years ago.
These are the quality features of a reputable betting provider
Every reputable online sports betting provider must have an authorized license, which entitles it to accept and mediate sports betting.
In Europe, these permits are issued in Malta, Great Britain, or Gibraltar, and in the USA, they are issued by American Gaming Association. Each of these countries has a high level of security in the gaming business. All the authorities pay attention and regulate the function and the operation of the service providers.
In some cases, there are groups behind the online sports betting providers that are listed on the stock exchange and these are subject to additional financial control.
The large and well-known betting providers are members of some prominent gaming and betting associations. This specifies the standard and safety guidelines very precisely and permanently monitors their compliance with the help of independent testing facilities.
However, if an online sports betting provider gets into financial distress, for example, because it has done poorly, then this has no effect on its customers. Because the betting provider is then usually taken over by a larger and financially stronger competitor who then enjoys a larger market share. This has happened several times in the past.
So, is online betting safe and reliable?
Yes, online betting is safe and reliable. Because all betting providers work with HTTPS protocols on their websites, check the IDs and also point out all important guidelines. There are also forums and provider reviews where it is possible to get an idea of the individual providers and where warnings are given, should a dubious bookmaker appear.
However, a comparison of the betting providers should take place if you want to bet online. You shouldn’t be choosing on the basis ofpromotion and ads on the internet. Furthermore, you should inform yourself about the reliability of the provider and also check their license number. Another good way to get an idea of the selected bookmaker or online betting provider is to contact the support and get important information there, such as ID verification and more unless this is noted on the website of the provider.