The online Malaysia sportsbook alongside others have brought more fun to the gambling world. They have come with convenience, several payment options, bonuses and promotions and various options to pick from when it comes to games and bets. While all that is possible, you also need to be wary of fraudulent sportsbooks. Yes, they do exist. When you sign up to them, you are bound to encounter issues like delayed pay-outs, poor solvency and so on. The good news is that you can protect yourself from all that. The following are the things that you need to look out for.
- Sportsbooks license
Every sportsbook needs a permit. How do you know whether it exists? Since the sportsbook has a website, it will undoubtedly want to show the bettors that they can trust it by providing licensing information on their website. If such lacks, then it only means that the sportsbook is not authorized. In such a case, it would be really advisable to stay away from it.
- Restrictions on book-to-book transfers
Remember that you are always advised by experts to spread yourself across multiple sportsbooks to avoid exploiting the resources of one book which could have you banned. What that means is that there should be a way that you should be able to make transfers across these books. If the sportsbook you are working with suddenly creates such restrictions, then it should be a red flag. It could mean a lot. One is that other books no longer want to associate with them due to their fraudulent behaviors or they are becoming insolvent.
In such cases, it would be advisable just to pack and run!
- Too good to be true bonuses and promotions
Good sportsbooks like bodog will always give new members bonuses and also have other forms of promotions. If you get a bonus offer and you start questioning what is in for that sportsbook, then there is something wrong. Sportsbooks want to make a profit too. Therefore, none of them would want to overdo the bonuses only to end up hurting their cash flow. A book that is willing to forego that is definitely a scam.
Not every sportsbook wishes you well even if they offer the best bonuses online. Do not go for offers that are too good to be true. As much as it is recommended that you take advantage of the bonuses, always go for books that have reasonable ones.
The other indicator of a fraudulent sportsbook is the lack of customer support. Where will you get help if you get stuck? If there is no customer service line, it only means that the book cannot be trusted.