ARB402: Going global – offshore bookmaker investigation
The enhanced risk when dealing with offshore bookmakers is primarily the security of your funds and personal information.
The best way to mitigate this risk is to THOROUGHLY research each potential new offshore bookmaker BEFORE you deposit money with, or take a bonus bet offer from, them.
There are numerous resources on the web that you can use to research the reliability, quality and reputation of a bookmaker, the key ones listed in our links page.
When researching offshore bookmakers you should answer at least the following eleven questions:
- what rating they have been given by bookmaker rating agencies?
- how do sports arbitrage forums view them?
- are there any stories of punters being scammed by them?
- do they accept Australian punters?
- what currencies are allowed?
- what bonus offers are provided and what are the conditions attached to the bonus?
- what are the deposit methods, fees, processing times and maximum deposit limits?
- what are the withdrawal methods, fees, payout times and withdrawal limits?
- what arb-finding alert services cover that bookmaker?
- what are their payout rules in relation to tennis, baseball, ice hockey and basketball?
- is your identity required to be verified before withdrawals are paid?
It is very easy and doesn’t take long to check the reputation and reliability of an offshore bookmaker. You must be thorough in your research considering you plan to deposit large amounts of money with them – be safe, not sorry.
If your investigation leads you to believe that the offshore bookmaker is reputable and reliable, and also meets your requirements for currency, deposits, withdrawals and alert services, then you should be safe to deposit funds with them and claim any available bonus bet offers.