Welcome to Betting Sites, we aim to bring you trustworthy reviews on the best betting sites in the UK.
Below you will find a breakdown of the current offers that are available to UK customers.
Best UK Betting Sites:
Today we’ll be looking at everything you should know about choosing a UK betting site, including how to deposit and withdraw your money, and how the law can impact your choices.
Why Choose Betting Sites?
If you’re someone who enjoys a bet, then no doubt you’ll find yourself in a situation where you learn that a key player is going to be in (or out) of an upcoming match. You need to make a bet as quickly as you can in response to that, as odds can change quickly.
Betting online is the fastest way to secure your bets. If you aren’t at home when the news comes in, you can use your mobile at most betting sites to get the bet down. All you need is an internet connection. It’s one of the main reasons people are making the move to online betting and turning away from traditional offline gambling.
The Legal Framework
Gambling was widely legalized in the UK in 1960 with the introduction of the Betting and Gambling Act. Gambling in the country is monitored and controlled through the UK Gambling Commission (UKGC), which was established with the Gambling Act of 2005. Generally, people aged over 18 in the UK are able to legally bet on just about any sport.
The legal framework was a little sketchy on gambling sites hosted outside of the UK until 2014, but the Gambling Licensing and Advertising Act put offshore sportsbook into regulatory framework of domestic ones; clearing the situation up.
Any betting site, whether it’s domestic or foreign, must be registered and licensed by the UKGC in order to legally operate in the UK.
How to Tell if Betting Sites are Legitimate?
There are two things you can do to determine the legitimacy of a betting site in the UK:
- Find reviews of sites from trusted sources
- Search the public register at https://secure.gamblingcommission.gov.uk/PublicRegister/Search, which can tell you if a company is registered. The Gambling Commission website also allows you to see the account details of the licensee, including if their license is currently active and any sanctions placed against them.
Online betting sites are required by law to verify the identity and age of their customers. This means that gamblers may have to submit an electronic form of identification, such as their driving license. It sounds scary, but rest assured that legitimate websites will take your privacy and security very seriously. They will take every effort to keep your information secure, and these efforts are designed to cut down on fraud; not increase the risk of it.
Depositing and Withdrawing Money with Betting Sites
There are several ways in which the UK gambling industry is different, and one of those is deposit and withdrawal methods. The UK has taken a legalise-and-regulate approach to matters, giving lots of freedom to punters.
Below are some of the more common deposit and withdrawal methods available.
No matter how you choose to manage your money though, you should rest assured you are getting a great standard of security from the UKGC and their regulations as far as the legality of the transactions, the safety of your money, and your ability to withdraw your money are concerned.
The most widely accepted deposit options with betting sites are:
- Wire Transfer
Less common options include;
Websites will display a list of options before signing up. This information is generally kept in an FAQ or “Getting Started” section of their website. If you aren’t able to find the information, just get in touch with their customer support department. Many websites have instant chat features that allow you to connect directly and instantly to representatives who can answer your questions.
One thing to be aware of is that certain bonuses may be locked behind certain deposit methods. Be sure to read all the small print on a bonus before you deposit your money to claim it. One reason websites do this is to encourage users to use a particular banking option.
If you aren’t sure you’re ready to make a deposit, the good news is you might still be able to get started. Some betting sites offer what they call “no deposit free bet” bonuses. It basically allows you to make a bet without the need to deposit your own money.
These free bets tend to be small, but larger offers of up to £50 can be found. As you might guess though, there are some restrictive terms and conditions placed on these kinds of offers. The more generous the offer, the more restrictive the terms attached to it. No deposit free bets require you to “rollover” the free bet a set amount of times before being able to withdraw the money you make with your bets. A higher bonus amount means a higher rollover amount.
Withdrawal options tend to mirror deposit options. Once again, the information will be available on the website before signing up. Be sure to sign up at a site where you are able to use your chosen deposit and withdrawal method.
After making your withdrawal, you may wonder if you should declare it in your taxes as income. The good news is that you don’t have to! Sports gambling winnings are not taxable in the UK. Go out and enjoy your winnings, knowing The Man can’t get his hands on them!
Choosing a Betting Site
The deposit and withdrawal options are only one key concern when choosing a betting site. The five most important things to consider are:
- Safety of transactions
- Free, easy, and quick transactions
- Good bonuses
- Wide choice of sports/games
Be sure to do proper research into the new betting site before joining up. Read through some reviews and see what other users have to say, and double check the UKCG public register to ensure they are fully licensed. If the UKGC says that they can be trusted, they can be trusted.
Finally, when comparing bonuses, the law says that sportsbooks outline all terms and conditions related to bonuses. It’s on you to read the fine print though. If you do feel that you have been misled or lied to about a bonus, you can file a complaint with the UKGC.