Safe online betting is all about wagering with safe sports betting sites. The two go hand-in-hand.
Since the inception of the internet, cyber threats, scammers, and dishonest sportsbooks have been on the rise. This is exactly why you have to be sure you’re trusting your money with one of the legit betting sites out there.
Don’t worry, there are simple solutions to being sure you’re participating in safe online betting.
Read on to educate yourself on the principles of safe online betting, how to identify secure betting sites, the risks of bad betting sites, and most importantly, the best sports betting site in Tanzania — Parimatch.
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Is Online Betting Safe?
Safe online betting is at the forefront of every soon-to-be punter’s mind. Perhaps the most frequently-asked question from enquiring hopeful bettors — is online betting safe?
The short answer is yes, there are a myriad of safe sports betting sites that you can have confidence in. In fact, there are regulations in place so you can be certain the online sportsbook is trustworthy.
But when money is involved, there will always be snakes in the grass, so you have to be careful not to get bitten.
Being duped online is not only infuriating, it can leave you in an extremely tumultuous situation.
We’re not trying to scare you away from online sports betting, we’re just trying to highlight the importance of wagering with legit betting sites like Parimatch.
As mentioned, betting online is absolutely safe, so long as you take the proper precautions.
How to Identify Secure Betting Sites
There are four key components to safe sports betting sites.
If the online sportsbook you’re considering doesn’t have all four, you should look elsewhere. Here’s what they are.
It must have a valid gaming license
The first thing you should look for when searching for legit betting sites is a valid gaming license. All safe sports betting sites have a license from a legitimate gaming commission.
A gaming commission is a government agency responsible for regulating online sports betting in a defined geographical area, in accordance with state law.
For example, Parimatch has a valid gaming license from the Gaming Board of Tanzania.
Before the commission issues a gaming license, the inquiring online sportsbook goes through a rigorous background check. If the company (sportsbook) is deemed reputable, they will be issued a license.
The safeguards don’t stop once a license is issued. The gaming commission regularly checks on each and every corporation they issue licenses to. They even welcome complaints from users to help them identify whether an online sportsbook is breaking the rules.
If a sportsbook is found guilty of negligent behavior, their gaming license is stripped faster than you can say bet. Furthermore, the operators of the online sportsbook will be subject to severe penalties, and it becomes nearly impossible to get another gaming license.
Safe sports betting sites, like Parimatch, understand how important it is for their users to have trust in them. Which is why they make their gaming license accessible on their website and betting app.
It must offer fast, reliable payouts
It’s your money and you need to be assured that you have total control over it. That is to say, withdrawing money must be as quick and simple as it is to deposit.
One of the most common scams online is when a sportsbook makes it hard to withdraw money.
In other words, if depositing money is as simple as tying your shoes, but withdrawing money feels like rocket science, you should steer clear.
The more hoops you have to jump through to get your money out, the more likely you are to get scammed.
Before you deposit money, you have to be sure exactly what the process is to withdraw funds. If the online sportsbook doesn’t clearly define the withdrawal process or if it feels confusing, there’s a good chance they aren’t legit.
All safe sports betting sites offer customer support. If you are the least bit unsure about the withdrawal process, you should reach out for answers.
It must have security measures
Secure betting sites all have measures in place to keep your identity, data, and your money safe.
Think of a traditional bank stowing cash or gold in a safe. This is one of their security measures against would-be thieves. Online sportsbooks work slightly differently, but the same principle applies.
With the internet, the concern is cyber threats, otherwise known as hackers.
If an online sportsbook doesn’t have the latest technology to protect against hackers, then there’s reasonable cause for concern.
There are a couple ways to see whether an online sportsbook is adequately protecting against malicious cyber threats.
The first way is to read their privacy policy.
If you aren’t comfortable with how your data or money is processed, then you should consider looking elsewhere.
Logically, if the sportsbook you are considering doesn’t have a privacy policy, you should question their integrity.
The second way to know if a book has adequate protection is to reach out to their customer support. Simply ask how they protect against cyber threats. Specifically, you should be asking if the data they process is encrypted.
Data encryption translates data into a foreign code, unreadable by anyone without the decryption key. When the data is encrypted, even if a hacker breaches the online sportsbooks defenses, they can’t do anything with it.
It must have a strong reputation
The longer an online sportsbook has been in operation, the better. Legit betting sites can only develop a strong reputation from years of proven success and satisfaction.
In this way, think of an online sportsbook like a restaurant. If a restaurant has been around for fifty years, it’s likely because they have a satisfied customer base who keep coming back for more.
Same is true with safe sports betting sites. Users don’t just value great odds, they value safety above all. If their experiences have been safe and secure, they’ll continue placing wagers — bolstering the sportsbook’s reputation.
The best sports betting site is often determined by users who write thoughtful reviews. Scour the internet and see what people are saying about their experiences with the online book you are considering.
If the sportsbook receives overwhelmingly positive reviews, you can be confident their application is legit.
What are the Risks of Choosing a Bad Betting Site?
Safe online betting is so important because the risks of an unsafe site can truly be harmful. Here’s why you should be a perfectionist when it comes to picking an online sportsbook.
Theft
This one almost goes without saying. Does anybody, ever, want to be stolen from?
There’s a good chance you’ve experienced some form of theft in your life. If so, you know that being robbed is not only a disgusting feeling, but it can also negatively affect your mental health.
Identity Theft
These days, identity theft is all too common. If your identity is stolen, con artists can use your personal information to commit fraud.
Illegitimate sites will clone your details and use them to fraudulently apply for accounts, loans, credit cards, etc.
Safe sports betting sites take every necessary precaution to prevent this from happening.
Fee Gouging
If a dishonest sportsbook takes either all or a hefty amount of your winnings, you’re getting fee gouged.
Too often people agree to terms and conditions before actually reading them.
To prevent fee gouging, be sure to read the terms and conditions, so you can be certain your money ends up in the right hands when you win a bet.
Rigged Games
Safe sports betting sites are fair betting sites.
A crooked book will rig the odds so that it’s impossible for the bettor to win.
Think of it like a head coach or manager cutting a deal with the referee before the match. It’s cheating, plain and simple.
Computer Viruses
Mobile bettors are especially at risk for viruses and malware.
When you download a betting application from an untrustworthy source, you’ll likely also be downloading viruses onto your device.
Having good anti-virus software on your computer or mobile device will help protect against spyware, malware, adware, and other forms of cyber attacks.
Why You Should Choose Parimatch for Placing Bets
Well this one’s easy. It’s because Parimatch is the safest, most secure option — it’s the best sports betting site in Africa.
But seriously, don’t think we’re blowing our own trumpet. Read the reviews and see what people are saying. There’s plenty of good reasons why it’s the most popular online sportsbook in Tanzania.
Remember the four components of safe sports betting sites?
Parimatch has all four, on top of the best odds in Africa.
- Parimatch has a valid gaming license.
- Parimatch instantly pays your e-wallet upon winning a bet, and funds arrive in your bank within 3-5 business days.
- Parimatch has the most up-to-date security technology, including data encryption.
- Parimatch has a 29-year history of proven success, and is the gold standard for safe online betting.
There are a manifold of other reasons why you should choose Parimatch other than just safe online betting.
Parimatch has an intuitive dual language mobile betting app, the most variety of bet types, and the best odds available across all sports/esports.
Would you like to try betting? Check out this article on how to bet and win and place your first wager!
Conclusion
Finding safe sports betting sites may seem inconvenient, but the effort is well worth it.
Online sports betting is all about having fun and winning a bit of money. You don’t want to find yourself in a situation where you’re angry and your money’s been stolen.
Luckily, you’ve got Parimatch — the safe, secure betting solution you can always count on.