For example, Fubo Sportsbook (fuboTV) and MaximBet (Maxim Magazine) both closed operations after relatively short stints in the sports betting industry. Newer and inexperienced operators are less likely to succeed long-term, even if they are associated with established brands in other industries. Long-term operators like DraftKings and experienced land-based gaming operators like MGM Resorts’ BetMGM are likelier to be in better financial shape than single-state operators. Tier One Considerations: Most Important Factorsīankruptcy and lost customer funds are rare in the regulated US market, but solid financials reduce the risk even further and ensure betting sites have the funding to keep their security standards up to par.Īlthough it’s impossible to thoroughly investigate a sportsbook’s financials from the outside, established brands with a nationwide presence tend to have the funding they need to run a smooth operation. DraftKings is perhaps the best in this regard, but Bet365 is also very high in that list despite not being as known in the US market. There seems to be a continuous tug-of-war between tier one and tier two safety considerations – rarely do you get both in one sportsbook.

Tier two relates to how online sportsbooks treat their customers – how quickly they limit winners, whether they offer non-predatory bonuses, etc.Īnd last, a quick note: Brand-name sportsbooks are the most stable, secure, and reputable in terms of paying winners and following the law, but some tend to push the line with questionable actions like voiding bets on technicalities or limiting winners too quickly.

Tier one is the first and most important: It covers the steps betting sites take to safeguard customers’ funds and personal information. Under the obligations category are two sub-categories of security measures safe betting sites take to protect their customers. How Safe Betting Sites Protect Their Customers Let’s discuss both sides of this coin, beginning with sportsbooks’ obligations to their customers. If an online betting site doesn’t have minimum security standards in place or treats bettors poorly, there’s nothing customers can do to overcome that. A positive experience begins with choosing a safe betting site. Of the two, sportsbook obligations come first. On the other are the steps customers can take to enhance their own safety. On one side are sportsbooks’ obligations regarding customer security. Safe online sports betting is a two-sided coin. The Characteristics of Safe Betting Sites

Established: 2000 in the UK first US license in 2019.

Safest online parlay sites