Top 4 Reasons to Wager at Licensed Betting Sites in India
The World Wide Web seems to have opened up an entirely new world of betting opportunities, especially those in online sports betting. With continuous improvement in technology that shows no sign of hitting reverse gear and seemingly relaxed betting laws, bettors have plenty of bookmakers to choose from when wagering online.
Unfortunately, with so many options, it can be challenging to determine which bookies to trust with your hard-earned funds. In India, for instance, there are more than two dozen online bookmakers, each with individual benefits and rewards.
With so many options, bettors are likely to be overwhelmed. So, what should you consider before choosing a bookmaker? Among other important factors that you need to consider, at all times, you may want to ensure that you wager at a licensed site.
But are there any benefits or advantages of wagering at a licensed betting site? If you don’t know yet, then this article is for you. Today, we shift our focus to the top 4 critical reasons why you may want to wager at a licensed site.
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What’s a Licensed Sport Betting Site?
Licensed sports betting sites have a valid license to offer sports betting services. These gambling sites are under some control or monitoring to ensure they don’t take advantage of their customers.
Their entire operations, from account registration, available games, player payouts and banking methods, are under the watch of some national or international governing body.
In India, for instance, The Public Gambling Act of 1867 is a law that oversees all forms of gambling in the country. Licensed betting sites in India comply with rules and regulations in the country’s Gambling Act.
Reasons to bet with only licensed operators in India.
If you are a bettor about to start your online sports betting journey, you shouldn’t put your complete trust in everything you hear or any bookie you come across as you go about wagering online. In case you don’t know yet, the online sports betting space is one of those places filled with many frauds and bogus sites whose intention is to benefit from your hard-earned funds.
If you fail to do your research well and play at an unlicensed site, you’d have no one to blame should anything happen to you while wagering with such sites. So, why bet only at licensed bookmakers? Here’s why:
Licensed bookies will not disappear with your winnings.
One of the biggest reasons you may want to place your bets with licensed bookmakers is that such bookies won’t disappear with your funds, even if your wins are enormous. Unfortunately, your chances of winning are slim if you choose or happen to wager at unlicensed bookmakers and win big.
They might close your account altogether, leaving you with no option. Even if you report them to authorities, you may invite more trouble as you stand to face criminal charges for wagering and unlicensed bookmakers. To ensure that you are in safe hands, ensure that you only play at websites with a license to offer their services to customers.
In India, for instance, bookmakers such as Betway, 1xBet, 10Cric, 22bet, and 888sport have a license to offer their services to customers. Should you win big on any of these sites, rest assured of all your winnings to the last coin.
Early and quick payouts
As a bettor, there’s nothing more frustrating and unpleasant than waiting for your winnings to arrive for hours, days or even months. Unfortunately, you face that risk if you wager at unlicensed bookmakers. The moment your winnings pass the confirmation phase by a bookmaker of your choice, you should be able to receive them within the shortest time of initiating a withdrawal request.
As mentioned earlier, matters to do with online sports betting can be a bit murky. Here, you can find bogus operators who’ll give you lame excuses on why they can’t release your payouts early, even if your account has undergone some verification.
But again, if you wager with unlicensed operators, do not attempt to blame anybody when they fail to release your winnings on time. With licensed bookies, you get the assurance of early and quick payouts when you hit the withdraw button.
Unfortunately, that’s a guarantee you can’t be sure of when wagering at unlicensed bookmakers with no regulatory authority over their watch. With them, they can choose to pay you anytime they feel like doing so or, much worse, fail to pay out your winnings.
Licensed bookies promote responsible gambling.
If unwatched, gambling can turn out to be addictive. In India, for instance, there are real-life stories of players whose gambling activities turned tragic. When gambling, you must ensure that you bet responsibly and gamble with funds that you can only afford to lose.
If you find yourself using funds meant for personal use to gamble, you are slowly falling into the trap of being a problem gambler. Much worse, if you borrow money from friends or sell your personal belongings to place bets, you are slowly spiraling towards danger. Unfortunately, this is something that unlicensed bookmakers won’t tell you.
After all, their primary goal is to profit from you, and the more you wager with them, the more you make them happier.
If you choose to wager at licensed operators, you’d be able to find a section dedicated to gambling addiction along with the steps to follow to stop such an addiction. With licensed bookies, you can proceed to self-exclude yourself, set your betting limits, and suspend or terminate your account altogether.
Most legit bookies advocate for responsible gambling and are ready to assist customers who wager on their site uncontrollably. Unlicensed betting sites don’t come with this promise at all, and most lack sections on their websites dedicated to everything to do with responsible gambling.
You can sue licensed sites in case of complaints.
When wagering, you may encounter a few challenges. You may sometimes win big, only for your account to face an immediate shutdown. In some, you may find that your funds fail to reflect hours or even days after depositing funds to your betting account.
The challenges could be many. Something ideal about licensed bookies is that in case of any problem or major complaint against them, you can go ahead and open charges against them.
You can hold these sites accountable since they have a physical address that the relevant authorities know, and the office from where they run their operations and real owners that can face the court to answer charges brought against them.
If you choose to wager at sites that don’t have a license, you’ll have no one to prosecute. Most of the owners of such sites aren’t known, and even worse, their offices are primarily in locations where most bettors aren’t aware of their existence.
If you want to be safe and be able to sue your bookie in case of significant complaints, you may want to ensure that you wager only at those sites that have a valid license to operate. Here, you’ll have peace of mind when wagering knowing that you are under some protection.
Best Licensed Sites in India
If you are wagering from India, you shouldn’t count yourself lucky since most of the sites in the country have a valid license to offer betting services to customers.
India has some of the strictest policies and rules on any site that operates without a permit, a big reason why unscrupulous betting sites tend to avoid entering India’s online gambling space. Some of the best betting sites where you can wager with peace of mind while in India include:
Improved technology and relaxed gambling laws have been the reason for the rapid mushrooming of online sports betting sites globally.
In India, you can find plenty of online sports betting sites serving millions of players across the country to the extent that the process of choosing one seems overwhelming.
Even though there are several factors that you need to consider when on the hunt for an excellent online betting site, among other things, you need to factor in the aspect of licensing.
If you intend to have an unforgettable online sports betting experience, you may want to wager with bookmakers that have some license to conduct business.
If you choose to wager at unlicensed bookies, you’ll have nobody to blame should they go against the basic terms and conditions of online sports betting. We believe you are now well aware of some of the primary reasons you may want to place bets at only unlicensed bookies.
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