Online Betting Safety
When online payments were introduced, a lot of people were sceptical at first. How will this work? Will everybody be able to see what I’ve bought? Will somebody be able to steal my money? Those are only few of the questions that people had. Nowadays a lot of people, in fact almost everybody does at least some of their shopping online. Safety is the main reason why people were concerned about making payments online and online betting is no different here. People, understandably, are worried about their finances and the vital information that are required for processing any online payment, which makes them wonder is online betting safe. In short, we can say that it is quite safe if you’re registered with a renowned and reliable operator.
Why Online Betting Safety Matters
The issue arise from the very beginning of the online betting process. Namely, every punter who wants to be online has to register an account with a betting website. In the process, s/he will be required to provide, name, email address, address and postcode, age and, often, telephone number. All of these information are personal and you have every right to wonder whether they’re safe and whether the operator is sharing this information with anyone.
Even if they are shared with other companies you might be bothered with unsolicited emails and calls, but it might be even worse. What if an online intruder or a hacker gets hold of your information?! Identity theft is a serious problem and it will definitely cause a lot of problems for you.
And let’s take this even further. If you want to bet online and eventually win, you will have to make deposits and withdrawals to and from your betting online. In order to do that you will need to transfer money from your bank account, from an e-Wallet account or use another transfer method. If a third party gets hold of your financial details it will be even worse. A hacker who gets hold of your information might steal money from your account, or use it to fund illicit activities and have you blamed for it.
Fortunately There Are Safety Indicators
Clearly safety issues regarding online betting are quite serious and it is no wonder a lot of punters ask these questions. You shouldn’t worry though, because reliable and trustworthy online betting operators take all necessary measures to ensure that both your personal information, as well as your financial information are kept safely and cannot be accessed by third parties. IT protection is used and this protects the website from hacker attacks and guarantees that it will remain stable. Encryption technology is used to protect all payments that go through the website. Same protection is used by leading payment platforms. Moreover, online betting providers have trained staff that respects confidentiality and is bound, both by contracts and codes of practice not to disclose any obtained information.
The first indicator that an online betting operator is safe is their licence. Similarly, no licence is a clear indicator that the operator is a bit shady. All operators have to obtain a licence in the country where the company is registered. In many cases it is a smaller country like Gibraltar or Malta where the laws are more favourable.
EU laws and regulations guarantee that operators who are legally allowed to work in one country have the right to operate in all the other member states. However, certain countries require every operator that would like to offer services to their citizens to obtain a remote betting licence in the country and pay taxes on the profits made from the deposits of their citizens. The UK is one such example. Every operator is required to be licenced and regulated by the UK Gambling Commission. In short, whether a betting operator has an appropriate licence or not is one of the first things you should consider when deciding if it is safe to bet on a particular website or not.
We already mentioned encryption and data protection. We won’t bother you with the details, or explain in depth what SSL (Secure Sockets Layer) and TSL (Transport Layer Security) means or what is the difference between 128-bit and 256-bit encryption. All you need to do is find out whether a betting website uses encryption technology. This information is usually clearly displayed, either on the main page, or somewhere else on the website. They would hardly be able to obtain a licence and be regarded as trustworthy by punters if they don’t employ top-notch encryption technology.
Seals of Approval
Another indicator of trustworthiness are seals of approval. Various independent bodies and organisations issue seals of approval which betting operators present on their websites in order to ensure potential customers that they are safe and reliable. A seal of the European Sports Security Association or Independent Betting Adjudication Service (IBAS) or several other similar organisations are clear indicators that a betting operator is reliable.
Fair Odds and Good Practices
Another thing that should be taken into consideration is fairness and business practices. An operator might use all the latest methods to ensure that your payments are safe, it wouldn’t mean a thing if they use unethical business practices, refuse to pay out even though your bet won, or announce your bets null and void without a valid reason. The seals we mentioned above are indicators that an operator isn’t doing business in an unethical manner, but you are free to explore and research yourself. Also, you should check how their odds compare to the odds offered by other operators. If an operators odds are always lower than the odds offered by its competitors, then it should be avoided because it doesn’t give you a fair chance.
To sum up, online betting safety is very important. It is a prerequisite and if a betting website isn’t safe, that surely your betting experience won’t be pleasant, and you won’t be successful at it, either. Fortunately, it is not that difficult to establish whether an operator is safe or not. Simply check all aspects that we speak of above and you’ll be alright.