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How to choose a bookmaker?

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Not every beginner can figure out how to choose a bookmaker. Today, there is a large offer on the betting market. It all starts with which bookmaker to prefer – legal or offshore. Dozens of companies lure new customers with bonuses, promises of high odds, and winnings. But you don’t need to register on the first-best site whose ads you liked. Read a detailed guide on how to choose a bookmaker based on various parameters and characteristics. Thanks to this instruction, you will avoid unfortunate mistakes.

The modern bookmaker business is a major subject of the world market with a turnover of billions. It involves various companies that offer services for accepting bets on sports, e-sports, and non-sports events. A large number of bookmakers is a positive point, because high competition leads to an improvement in the quality of service. But there is also the other side of the coin: it is difficult for an ordinary bettor, especially a beginner, to navigate in such a variety. We hope that our material will help you understand the intricacies and nuances of choosing a suitable bookmaker. We are recommended to visit ufabet เว็บแม่ for more info.

Legal and offshore bookmakers: who to choose?

The first selection criterion for any player is the legal or offshore status of BC. The difference is as follows:

  1. A legal office receives a license from the Federal Tax Service of the goverment, fulfilling the relevant requirements. International bookmakers are licensed by the gambling agencies of Malta, Cyprus, Virgin Islands, etc.
  2. BCs carry out client payments through the Centers for the transfer of interactive rates (TSUIP). This guarantees payment of winnings. Offshore offices will not provide you with any guarantees.
  3. Legal bookmakers must be registered with specialized SROs. Unsatisfied customers submit complaints to such organizations, which are necessarily considered. Filing a claim to an offshore licensing authority is a rather conditional matter.

The client’s rights while playing in a legal BC are protected by domestic legislation. Why do many sports fans continue to use the services of offshore offices? Let’s consider the various pros and cons of this choice.

Legality of playing in an illegal BC

Let’s immediately emphasize an important point:

A bettor who uses the services of an offshore online bookmaker does not violate the law .

The obligation to obtain a license on the territory of the country is assigned to the company, and not to its customers.

The violation of the law begins when the player does not pay tax on the winnings. Many consider the disadvantage of legal BCs to be that tax deductions are automatically deducted from them at the time of withdrawing an amount of 100$ or more. In fact, the law requires that tax be paid on winnings, regardless of where they are earned. So remember:

The choice is directly worldview: you are an anarchist or a law-abiding citizen.

Registration and verification procedure

There is a big difference in this regard. In a legal BC, replenishment of the game account and admission to bets is possible only after the verification of the player. This procedure can last even for several days. Customers often complain about this.

In the offshore office, you can start betting immediately after filling out the registration form and creating a user profile. It would seem that this is an advantage of international BCs.

But there is a dangerous trick here. Identification will start when you want to withdraw your first winnings. And there is no guarantee that you will pass this test. The bookmaker will start demanding all kinds of documents, statements, and certificates. If this foreign company also requires a notarized translation. You can’t get rid of sorrows, and the advantage that seems to turn into a big problem.

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Christopher Stern
Christopher Stern is a Washington-based reporter. Chris spent many years covering tech policy as a business reporter for renowned publications. He has extensive experience covering Congress, the Federal Communications Commission, and the Federal Trade Commissions. He is a graduate of Middlebury College. Email:[email protected]

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