Each country sets its own rules for regulating the gambling industry. Some jurisdictions ban sports betting entirely, while others try to create the right conditions for their regulation. It is worth saying that the UK is one of the few countries that has succeeded quite well in this. So, there are excellent laws here that protect users’ interests, but at the same time, do not prevent bookmakers from working stably. Among a huge number of bookmakers there are the best sports betting sites that allow users to get the most out of betting.
Regulation of Bookmakers’ Functioning in the UK
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The UK government has developed relatively clear and straightforward rules defining the functioning of bookmakers on its territory. So, only licensed platforms can work here. They should go through the licensing process in this jurisdiction, but this is not a prerequisite; the bookmaker can get permission to work in other countries.
Only adults can bet on sports. According to some data, about 20,000 teenagers aged 11 to 16 in the country bet on sports from time to time, and the UK government is not happy with this. Therefore, it obliges bookmakers to check their customers carefully to prevent teenagers’ gambling addiction.
In addition, studies have shown that about 20% of all bettors who use a credit card for sports betting develop a gambling addiction later on. It is because they cannot assess their financial capabilities realistically and increase their debts.
Also, the UK government takes into consideration many hacker attacks on online bookmakers. Attackers hack into accounts to withdraw deposits to their accounts and gain access to users’ data. That is why the country’s government obliges bookmakers to install more stringent security systems and use encryption to protect customers from financial terrorism.
The Most Popular Bookmakers
According to some reports, in 2018 there were more than 600 bookmakers in the UK, but after the government tightened requirements for platforms in 2019, their number decreased slightly. Today, a large number of international bookmakers operate here, such as:
- Bet365
- Star Sports
- Betfred
- Parimatch
- William Hill
- 10Bet and many more.
The above bookmakers have a licence to work, offer good cooperation conditions, and make it possible to bet on many sports. They have been on the market for more than a year and have created an excellent reputation.
How to Choose a Good Bookmaker?
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Choosing a bookmaker is a complex process that requires the bettor to know how the bookmaker functions and how the market generally works. First of all, you need to pay attention to the following aspects :
- Number of sports and bets;
- Payment systems;
- Bonus programmes;
- Mobile app and user-friendly interface;
- Support service and much more.
Many experts advise strongly checking the availability of a licence to ensure that the bookmaker is not a scammer. Still, regulators in the UK work very well and block any platform that decides to operate in the country without permission. Here the probability of falling for intruders is very low.
Lots of bookmakers in the UK specialising exclusively in football or horse racing, so you should ensure immediately that the bookmaker of your choice offers a wide range of sports. In addition, we advise you to find out what bets are there on offer. The fact is that today many platforms have about 150 types of bets, while the rest still accept bets only on a win.
Bonus programmes are another critical aspect that you must pay attention to. The more bonuses you can get, the less risk there will be. We advise you to pay attention to welcome and regular bonuses immediately.
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