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4 reasons why you should ONLY use Licensed Betting Sites

28 October 2020

Wanna get started betting online? In this article, we will explain why you should only use licensed betting sites.

Licensed betting sites

India is filled with betting sites of variable quality and character. While there are some great betting sites in India, there are also some really bad apples that you need to stay away from.

In order to avoid bad betting sites, we recommend that you always use a licensed betting site.

What is a licensed betting site?

A licensed betting site is a bookmaker that has obtained a betting license from an official, government-approved regulator.

This gives the betting site a certain amount of legitimacy and trust compared to betting sites without a license.

Below you will find a list of the best licensed betting sites in India

Licensed betting sites

Betting sites with license

  1. 100% Up to ₹2,500

  2. 100% Up To ₹10,000

  3. Bet ₹1,000 And Get ₹3,000 Free Bet

  4. 150% Up To ₹12,000

  5. 100% up to ₹30,000

  6. 100% Up To ₹10,000

  7. 100% Up To ₹8,000

  8. Up to ₹4,000 in Bet Credits

  9. Bet ₹1,500 and get ₹1,500 in Free Bets!

  10. 100% Up To ₹8,000

Here are the top 4 reasons why you should ONLY use licensed betting sites.

Licensed betting sites are regulated by the authorities

Licensed betting sites are all regulated, meaning that they are subject to the rules and oversight of an official betting site regulator.

Most trusted betting sites are licensed and regulated by the Malta Gaming Authority (MGA).

  • Malta Gaming Authority is like the gold standard of betting licenses.
Malta gaming authority gives licenses to trusted betting sites only smaller

MGA imposes some of the most strict regulations on betting sites, and that is why you can always trust betting sites that are licensed by the Malta Gaming Authority.

Other common betting regulators include the UK Gambling Commission which is also a very reputable regulator.

One step further down the ladder, we have Curaçao eGaming. This is also a great betting regulator, but not quite as strict or reputable as Malta Gaming Authority.

Betting sites with license keep your money safe

Licensed betting sites undergo financial auditing on a regular basis.

This audit is carried out by the official regulator who issued the license to the betting site.

This audit includes making sure that the betting site is operating within the confines of the law and not aiding in the funding of criminal activities or the like.

On licensed betting sites, your money is always safe!

When auditing betting sites, the regulator also makes sure that the player-deposited funds are kept in separate ring-fenced accounts, away from the regular business accounts of the betting site.

This means that even in the unlikely event that the betting site was to go bankrupt, your money would still be returned to you.

Licensed betting sites allow you to complain

One of the great benefits of using a regulated betting site is that you can launch a formal complaint to the betting regulator if you receive unfair treatment.

Let’s say that you want to withdraw money from a betting site and you are asked to provide tons of paperwork in order to verify your identity and they keep you waiting for an unreasonable amount of time.

If this happens to you, you could absolutely launch a formal complaint with the betting regulator against the betting site.

Licensed betting site support

MGA makes it easy for players to launch a complaint against a licensed betting site

The betting regulator is like your trusted companion. They work for us players, and they always try to ensure that players are treated fairly and according to guidelines.

Tip: If you feel like you’re being unfairly treated by a betting site, you can always send them an email threatening to launch a formal complaint if the issue isn’t solved - that usually helps speed up the process!

Trusted betting sites rely heavily on being licensed in order to operate legally in many markets. So they don’t want to get into trouble with the official regulators.

Licensed betting sites are real companies

Online betting has become incredibly popular in India over the last couple of years. This had led dozens of betting sites to open up and start accepting Indian players.

Many of these bookmakers are good, safe, and trusted betting sites. But a small minority of them are fraudulent sites that are only interested in scamming their players and running away with all the money.

To avoid scam sites, we recommend that you only use licensed betting sites.

Licensed betting sites are real companies. They have real offices, employees, and corporate values. They pay taxes and they earn money by actually providing a good service that customers are asking for.

Scam sites can’t obtain a license from an official regulator, because they lack all of these things.

Anyone can set up a fake betting site and attempt to scam people. But not anyone can obtain a betting license.

To obtain a betting license, a betting site must pay a substantial fee, follow certain very strict rules and open their books to the online regulator.

This is why obtaining a betting license is very difficult, and why you can always trust betting sites with a license.

Which betting sites are licensed in India?

India does not currently have a betting site licensing system in place.

Therefore, no betting sites are licensed in India.

Hopefully, a local betting licensing system will be created at some point, so that we can have a truly regulated betting site environment in India.

But until that happens, we must look towards international regulators to find betting sites that are safe and trustworthy. such as Betway.

Licensed betting site

Betway

Licensed by Malta Gaming Authority

Betway is one of the most trusted betting sites in the world.

Betway was established in 2006, and since then, they have worked hard to build up a great reputation of trust and transparency.

Betway is licensed by Malta Gaming Authority, one of the best online betting regulators in the world.

So if you’re looking for a secure, licensed betting site, we definitely recommend that you go for Betway!


Betway licensed betting site

All the relevant licensing information can always be found in the footer of the betting site

Are only licensed betting sites legal in India?

A betting site does not have to be licensed in order to be legal in India.

The only 2 requirements for a betting site to be legal in India are:

  • Betting site must be based outside India
  • Betting site must accept Indian Rupees.

If a betting site lives up to those 2 parameters, then it’s technically legal in India.

With that said, we always recommend using a licensed betting site.

Join a licensed betting site

If you’re ready to get started betting online, we recommend joining a betting site with a license.

Licensed betting sites offer greater protection and are always more trustworthy.

Here is a list of licensed betting sites in India:

Licensed betting sites

betting sites with a license

  1. 100% Up to ₹2,500

  2. 100% Up To ₹10,000

  3. Bet ₹1,000 And Get ₹3,000 Free Bet

  4. 150% Up To ₹12,000

  5. 100% up to ₹30,000

  6. 100% Up To ₹10,000

  7. 100% Up To ₹8,000

  8. Up to ₹4,000 in Bet Credits

  9. Bet ₹1,500 and get ₹1,500 in Free Bets!

  10. 100% Up To ₹8,000

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