Minimizing Your Risk In Online Betting - Safety And Security When Betting On The Internet

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Gambling Online without Risking more than you Should

Minimizing Your Risk In Online Betting Online betting is a multimillion dollar industry, and more and more people are signing up to gambling sites on a daily basis. Some of these will be experienced gamblers, but others will be trying it out for the first time.

In the following article you'll see various ways to minimize risk when gambling online, including site selection, money management and setting limits.

Choosing a Bookmaker

When choosing a site to gamble on, you want to choose a site that has a good reputation. This can normally be achieved by choosing a site that has been in the business a long time, as a site that has a bad reputation doesn't last long in this competitive industry. These long-standing sites normally offer security for your money and good customer services for any financial queries. If you do have that big win you'll have no worries being paid out either. If you do come across a site you're not too sure about, check them out on forums and message boards or use independent review sites. By following this advice it should ensure you a safe financial environment for your betting.

Choosing a site where gambling in that country is regulated is always a good thing to consider. If you have any doubts whatsoever about a site, don’t use them, and find another one.

Planet Mark's Top Rec:

32Red are giving the old 'High Street Bookies' sports betting brands some real trouble in 2019.

This very slick site offers top-rated odds; a huge range of bets and a big list of player promotions (really, check the latest before you bet elsewhere). This now includes an excellent 100% profit boost offer for all new players.

32Red are my go-to betting site, you’ll quickly find out why once you see www.32red.com/sports for yourself - check them now!

 

30181

 

Planet Mark's Top Rec:

32Red are giving the old 'High Street Bookies' sports betting brands some real trouble in 2019.

This very slick site offers top-rated odds; a huge range of bets and a big list of player promotions (really, check the latest before you bet elsewhere). This now includes an excellent 100% profit boost offer for all new players.

32Red are my go-to betting site, you’ll quickly find out why once you see www.32red.com/sports for yourself - check them now!

 

30181

 

Planet Mark's Top Rec: There are a lot of good reasons why Bovada are the number #1 US friendly sportsbook. Look beyond the big welcome bonus and you'll find the real magic...

Bovada have a huge range of markets (especially when it comes to the bigger events), competitive lines and super-easy deposits / withdrawals.

The killer reason is the promos – you’ll find their list of offers for regular bettors unrivalled anywhere online. Check out www.bovada.lv to see the latest deals for yourself now!

Bovada Sportsbook

Bankroll Management

Bankroll management is often one of the most overlooked aspects of betting, crucial to both maximizing your winnings and keeping your bankroll intact when things are not going so well.

Some gamblers do not consider bankroll management at all, regularly betting a large percentage or even all of their bankroll on a given wager. This is a very quick way to go broke, and many people go through the cycle of doing this and then reloading over and over again.

Many successful gamblers take an approach to bankroll management using units - assigning each bet a certain number of units - usually between one and five. They will assign five units to the most confident bets and just one to the least confident bets. These units are then converted to a percentage, normally one unit will correspond to 1%. Using this approach will guarantee you will never go bankrupt, and will stop large swings in your bankroll - it will also ensure that a winning punter will actually make money, instead of throwing away accumulated winnings with one oversized bet. If you stick rigorously to these guidelines, there is no reason ever to go broke, and your level of risk will be minimal.

Setting Limits

Safety And Security When Betting On The InternetMany sites offer limits when you are gambling and this can safeguard you from gambling more than you would generally want to. If you use the bankroll management guidelines as listed above, this should not be a problem, however we all have moments in gambling when emotions get the better of us, and these limits can help in these situations.

These limits can be set based upon deposit limits, where you set an upper limit for deposits to the site, and this might be over a single day, a week, or longer than that – having hit that limit, you are no longer able to deposit to the site before the time limit is up.

They can also be loss limits. You might have a large amount of money in your account, and not want to have it all at risk at any one time – by setting a loss limit, you can only lose a certain amount of money in a given timeframe.

Passwords

It is never a bad idea to change your password on a regular basis, and this doesn't just apply to gambling sites - any websites that hold your personal and financial details need to be regularly updated. It isn't a good idea to have the same username and/or password for different gambling sites, and it's also not a good idea to have your username and password together in a document either on your laptop or a mobile device.

Gambling and Alcohol

Gambling and alcohol is never a good mix, and with the mobility of betting on phones and tablets much improved, it is more of a problem than ever before, especially in social situations where previously gambling may not have been possible. The best advice is never to gamble when drinking, but judgment does go out of the window – so perhaps remove that gambling App if you have a history of alcohol fuelled betting, or even consider leaving the mobile behind (I know it’s a tough ask!).

Minimizing Risk in Online betting – Overview

Gambling online is relatively straightforward, but by using some of the steps outlined above, you can make it that little bit safer, and risk less money (or indeed make more money!).

Planet Mark's Top Rec:

32Red are giving the old 'High Street Bookies' sports betting brands some real trouble in 2019.

This very slick site offers top-rated odds; a huge range of bets and a big list of player promotions (really, check the latest before you bet elsewhere). This now includes an excellent 100% profit boost offer for all new players.

32Red are my go-to betting site, you’ll quickly find out why once you see www.32red.com/sports for yourself - check them now!

 

30181

 

Planet Mark's Top Rec:

32Red are giving the old 'High Street Bookies' sports betting brands some real trouble in 2019.

This very slick site offers top-rated odds; a huge range of bets and a big list of player promotions (really, check the latest before you bet elsewhere). This now includes an excellent 100% profit boost offer for all new players.

32Red are my go-to betting site, you’ll quickly find out why once you see www.32red.com/sports for yourself - check them now!

 

30181

 

Planet Mark's Top Rec: There are a lot of good reasons why Bovada are the number #1 US friendly sportsbook. Look beyond the big welcome bonus and you'll find the real magic...

Bovada have a huge range of markets (especially when it comes to the bigger events), competitive lines and super-easy deposits / withdrawals.

The killer reason is the promos – you’ll find their list of offers for regular bettors unrivalled anywhere online. Check out www.bovada.lv to see the latest deals for yourself now!

Bovada Sportsbook

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