Secure payout for sports betting - what to consider

According to the latest figures, more than a quarter of Germans regularly take part in competitions. These include competitions from magazines, journals, giveaways, lotteries and sports betting. Sports betting has been permitted in Germany since 2011 and the number of participants has risen every year since then. Despite the very short period of time, the somewhat dubious business, which is still sometimes associated with dark bars and crooks, has developed into a serious business with millions of players in Germany alone. There are a few criteria for a good bookmaker that should definitely be checked when choosing one. These criteria, including those relating to secure payment transactions, are presented briefly and clearly below.

Providing an overview of the range
Sports betting providers are a dime a dozen. When the market opened up in Germany a few years ago, many betting providers from abroad rushed onto German soil. The market and its offerings have established themselves and thanks to the Internet, it is very easy for sports enthusiasts to find a betting broker. The countless providers are listed on Internet portals with a brief evaluation using a pie chart and the most important features. With the help of a search function, which has individually definable criteria, the wide range on offer can be further selected. The best five or ten bookmakers can then be examined more closely. If the decision is not clear, further information can either be obtained via customer service or several accounts can be opened with different bookmakers.

The licenses and certificates
Of course, sports betting has not just been around for a few years. The activity of betting on certain events is very old. As far as online betting brokers are concerned, the best known of them were already doing business in Europe before the partial opening in Germany. This is why most bookmakers have licenses from the EU countries Malta or Gibraltar. The simple reason for this is that sports betting and gambling have been permitted there for a long time. Therefore, there are clear guidelines and regulations for the operators. On the one hand, this ensures that operators can operate safely and that customers are safe. Further certificates come from various control bodies for the security of payment transactions and customer data. This is also guaranteed by German inspection bodies such as TÜV or the German Lottery Association.

The available payment methods
Each bookmaker advertises different benefits, bonus payments and rewards for customers. In addition, they all offer different deposit and withdrawal methods. This works simply and quickly via Sofortüberweisung, Paysafecard, Visa, Neteller, Skrill, PayPal or Giropay. There is therefore plenty of choice. This allows the desired amount to be transferred to the customer account, which can then be used for sports betting. For the first deposit, a good bookmaker will then add 100 percent to the first deposit amount. (Source: www.wettanbietererfahrungen.com)

There are different criteria for the payout, which vary from provider to provider. Some bookmakers charge a fee for the payout, while others do not. In addition, some bookmakers have a prescribed waiting and verification period before the payout is made to the bank account. The limits also vary and range from a minimum payout of one euro to a limit of 100,000 euros per day. One way to circumvent these regulations is to use cryptocurrency for sports betting. Not only are the individual payment flows processed directly, but there are also no limits. Further advantages are the anonymity of cryptocurrency and the fact that the account balance can be easily transferred from one bookmaker to the account of another bookmaker. Of course, this is only the case if both bookmakers also accept the cryptocurrency.

Safety in sports betting and gambling
Although, as previously mentioned, Germans enjoy playing the lottery, the business is still viewed critically. There are various reasons for this. For one thing, sports betting was not legal until a few years ago. Then, in 2011, the market was only partially opened up due to pressure from foreign markets. Since then, there have been no really new approaches in Germany to better regulate the market. Accordingly, sports betting is legal in Germany because it is legal in the EU and not prohibited in Germany. Nevertheless, sports betting is well equipped in terms of security with regard to payment transactions, account and data protection as well as betting security. This is guaranteed by the German inspection authorities. The state also benefits from the sports bets that are placed in Germany and is committed to further protection. In the first eleven months alone, more than 160 million euros in taxes were collected. With a tax rate of just five percent, the sum has already more than doubled.

Information about betting and sports
Thanks to the internet, information about providers and their services can usually be found quickly. To bring the topic of sports betting and how safe it is to a conclusion, there are two things to mention about sports betting and betting in general. Sports betting and gambling are two different things. However, there is always a minimal amount of luck involved in every sports bet. Although sports betting is based on the analysis of available information, news, tables and statistics, it can always happen that a prediction does not work out. This can be due to the individual performances of the players, mistakes on the pitch that decide the game or wind and weather that make it impossible to set up a match. Nevertheless, comprehensive research and analysis of the information makes it possible to produce a relatively accurate forecast, which minimizes the risks. If this information analysis were not possible, sports betting would indeed be a matter of luck.

Another point is the information about betting in general. Good quality bookmakers also have a section with information about betting in general. This includes the bookmaker's contact details, licenses and certificates and specific articles about betting. These articles are divided into betting and its risks, including gambling addiction, as well as contacts for anonymous help and advice centers. A further range of information on the subject of betting includes advice and strategies from experienced bettors. There is even a section with predictions from professional players on the platform for the upcoming games, which can be compared with your own predictions. This means that even newcomers can place successful bets right from the start.