Tips for Ranking Online Sportsbooks Effectively

The sportsbook industry has been growing by leaps and bounds in the past decade and there is no sign of stopping that growth. Many countries are starting to regulate online sports betting, as it's a great method to earn revenues in strapped for cash countries that could use a financial boost.

With growth comes a lot of companies looking to expand into the industry and that's why it has become so important to rate sportsbooks vigorously. I've posted the information that I look for below when researching online bookmakers and I hope that new bettors will use this information to ensure that they only join safe sports betting sites.

Your first step should be looking to find out if the sportsbook is licensed and regulated in one of the current licensing jurisdictions. There are numerous jurisdictions where online sportsbooks can become licensed, but the most important part is that the bookie is in fact licensed and regulated somewhere.

You'd be surprised how easy it is to develop an online sports betting site and that means almost anyone can open a sportsbook. However, only the biggest and most financially stable companies will be licensed. Another step you need to take is quickly research online the name of the sportsbook.

Hopefully nothing bad shows up when you complete your search, but if there is anything out there on the internet it will be found. You can find out whether a sportsbook is above-board before you even register an account by doing a quick internet search. Look to make sure there are payout complaints from other bettors like yourself.

Once you've created a shortlist of the best online sportsbooks to join you need to start looking at the betting features of that sportsbook. Do they have bonuses? Do they offer ongoing promotions to keep bettors happy? Do they have competitive odds when compared with other leading bookmakers in the online industry? These are all questions that you need to ask yourself and answer before signing up anywhere.

It may seem like a bit of work finding a safe online sportsbook, but in reality there are dozens of excellent options out there. The problem is that new bettors don't know where to look for the best sites in the industry. If you don't know where to look you'll often find results that are less than desirable.

My recommendation for new bettors is to find trustworthy sportsbook advisers that take the time to rank online sportsbooks by themselves. Many experts have been betting online for 10+ years now and they can provide bettors with the knowledge they need to ensure an enjoyable experience.

Learn how online sportsbook ratings are derived using company information and financials at OddsNerd.com