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What is online betting? Online betting is the placing of bets with the playing and collecting of money done over the internet. Is online betting legal? While most countries do not have laws that make online betting illegal, the situation is complicated and unclear, with different approaches to legislations throughout the world. Where regulations exist, they are often not comprehensively developed and subject to ongoing changes. In those countries where online betting is prohibited, it is difficult to enforce rules. For more information on the legal issues concerning online betting, check our jurisdictions section and your local and national government laws. How old do I have to be to bet online? You must be 18 or older to bet online. What is an online bookmaker? An online bookmaker is an internet website where you can wager on a variety of sports and novelty bets to win real money. How do I get started with an online bookmaker? To start placing your bets with an online bookmaker you have to register and fill out a form providing your personal details and information. You will get an account number (or username) and a password necessary to log into your betting account. Do I need to download and install software to bet? Not to bet on sports. Poker websites and some casinos offer download based games and require players to install software to bet. How does a betting account work? All bookmakers require funds to be posted in advance, thus you send money to them and they credit your betting account for that amount. As you bet, money is credited or debited on your account as you win or lose. When you wish to withdraw money from your betting account, you can do it using any of the methods that could be used for depositing. Make sure you understand the bookmaker's fine print about deposit and withdrawal policies and fees associated. Bear in mind that minimum deposits vary depending on the method that you choose for depositing. Most online bookmakers are modeled to cater to recreational bettors, with minimum bets as low as 0.01 euro, whereas if you plan on betting over the phone be advised that minimums are higher, usually 25 or 50 euro for each bet. We recommend you to read our section on payment options to learn more about each single method. Do I have to pay taxes on my winnings? This depends upon the country where you reside. You should check with proper authorities, or seek advice of a qualified consultant in your country of residence, if to declare winnings. Is betting success based on luck? Not at all, the success in the betting game is reliant upon information and knowledge. Is online betting for me? Whether you are a casual bettor, interested in having some action on TV games, an amateur bettor, wishing to have a chance to beat the book, or a sharp bettor, treating bets as investments and looking for long term profits, there are three "rules" you should always refer to: be disciplined, never bet more than you can afford to lose and never chase your losses. How can Bookmakers Review help me in my betting? We recognize that unbiased information is paramount and both recreational and professional bettors need to know which bookmakers are trustworthy. Our mission is to educate online bettors and give them all the necessary information to make safe decisions on where to bet online. |
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