Bookmakers want to ensure that the punters betting with them are of the legal age, so one of the steps involved with creating a new account is verifying your identification. Additionally, sometimes additional documentation may be needed to prove your source of wealth.
We take a gander at inactive customer accounts at bookmakers and what happens to these so called 'dormant accounts'. Whilst each bookmaker sets out their own specific policies in their terms and conditions, generally, most are labelled dormant around 12 months of inactivity. Bookmakers must give punters 30 days notice and also make an attempt to return the balance before they can take an admin fee.
Placing bets with the bookies does not directly affect your credit score or your ability to get a mortgage so long as you are playing well within your means. However, if your betting life is affecting your other finances, your credit may very well be indirectly affected. We take a look at steps you can take to separate your betting activity from your main accounts, as well as what exactly bookies look into when you first sign up.
Only betting with bonuses, betting on selections where the bookie's odds are out of line, and betting on large amounts in niche markets are just a few of the reasons that may cause a bookmaker to limit your account. Here we run through the reasons why your account may have been limited or a bonus banned and advise on next steps.
Bookmakers make money from bets by setting odds that enable them to make a steady overall take home. With the overhead costs of running a business, hiring staff, maintaining their shops and websites, bookmakers need to make money in order to survive. Whilst bookmakers may make an initial loss on free bets in the short term, in the long term, attracting new loyal customers is more important to them.
Credit cards were banned as a deposit method in April 2020 in an attempt to stop problem gamblers from spending money they do not necessarily have. Debit cards, however, are a trusted source of funds, as the process of setting up a bank account involves thorough identity checks and you can't bet with more money than you have.
In the tightly regulated world of gambling, there are many rules and regulations the bookmaker must follow in order to protect their customers. If the rules are not adhered to, it could mean huge fines or, even worse, they can lose their license. In this article, take a look at what the bookmaker has to do behind the scenes.
Betting VIP schemes range from your average loyalty programme with tier points that anyone can join to invite-only VIP schemes for specific individuals who perhaps have a high turnover. In this article, we compare the two and take a look at how these individuals get invited and what perks you may receive as betting VIP.
Here we detail everything there is to know about betting exchanges, including how the wagers actually work, queuing for better odds, whether the prices are better at exchanges than with bookmakers, why liquidity is important and what offers you might find at an exchange.
In the United Kingdom, gambling is heavily regulated by the government and you have to be 18 in order to gamble. Other countries around the world, however, have different age restrictions, whilst some outlaw gambling entirely. In this article, we focus in on gambling in the UK and detail some of the most recent gambling acts.
If you're wondering if odds vary between bookmakers, you've come to a good place. In this article, we examine the top bookmakers and compare their odds, margins and payouts across multiple sports to see if any one is is better than another. We also explain how to calculate bookie margins.
So, you've placed a bet and now regret it. Unfortunately, once you've placed a bet, it's unlikely that you can simply cancel it. However, if you've made a mistake or have changed your mind, there are a few options of things you can do to try to resolve it, including contacting customer services or cashing out. We also explain more advanced techniques, such as laying or dutching.
With the ever changing legislation of betting laws in the UK, plenty of bookmakers have packed up shop and left the UK market. We take a look at why they've done this in more detail and also have a look at the bookies who have close down altogether or perhaps joined forces and rebranded.
The UK's gambling industry is heavily regulated by the UK Gambling Commission, but happens to those sites that have their license suspended? We examine some of the recent suspensions in the industry and what ultimately happens to those companies.
Bets are sometimes made void for various reasons like event cancellations, player injuries, bookmaker errors, etc., but what happens if that voided bet was a free bet? We explore what happens and how to avoid the void bets in the first place.
Here we take at the reasons for placing a low stakes bet, as well as exploring the minimum deposit levels & stakes by bookmaker. But just because a bet is low stakes doesn't mean there haven't been any big wins!
Whilst you don't have to declare any winnings to HMRC or pay any direct tax, this doesn't mean that the government doesn't take its fair share in one way or another.
Defining the biggest betting company in the UK is a challenge in itself, as many of the bookmakers aren't necessarily based in the UK and there are many factors to consider, such as revenue, turnover, number of customers, etc. We examine the different factors and take a look at some of the UK's biggest in the business.
All bookmakers must comply with Responsible Gaming by offering various safety measures to help curb problem gambling. This includes options to self exclude from the sites for anywhere from 6 months to indefinitely, shorter cooling off periods and placing daily deposit limits.
Unfortunately the unthinkable does happen from time to time and every now and again a betting site collapses. But what happens to your bets and loyalty points? And most important, is your money safe?