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Betting Policy All Over the World

 

Worldwide, betting policy varies between different countries and territories. Betting licensing regulators or gaming boards as they are sometimes known, set out the frameworks and guidelines for bookmakers to follow when they establish betting operations. What all these worldwide organisations have in common is the goal to make sure that their respective betting industries are operated to a set of practising standards that ensures good faith business operations and protects the punter. Obviously, they are crucial actors in ensuring that betting is handled in a fair and responsible manner so fans don’t get ripped off when they’re trying to enjoy their wagering.

Law and Order

 

Licensing regulators have the responsibility of distributing gaming licences to bookmakers. A bookmaker needs a gaming licence to legally operate in a territory. One does not necessarily have to live in the same country as a bookmaker to use their services, but the bookmakers licence will need to extend to their respective country. Gaming boards also hand out planning permissions to anyone trying to open casinos or bookmakers on a high street. Far from being a necessary evil, gaming boards help keep things fair and honest both for customers and for bookmakers.

The Last Line of Defence

 

Often, you will find betting policy centred on a particular country, perhaps because they have more lax tax laws than other territories. One example of this kind of country is Malta, where many bookmakers are registered and get their licenses from. Another such country is the United Kingdom that, historically, as one of the oldest bookmaking industries in the world. It’s important to work with an officially licensed bookmaker so that, in the event of using pesapallo betting info on OddsDigger to line up a winning wager, you’ll be able to securely withdraw your big cash winnings.

Keeping the Business Honest

 

Often, countries will negotiate with each other to ensure a global equivalents in the world’s betting licensing laws. Some countries aren’t quite as picky with their licensing laws or simply choose to turn a blind eye to betting in the first place. This can be dangerous for the punter, because there aren’t any consequences for the bookmakers for foul play or bad business practices. Anyone using an online casino or bookmaker should check that their licensed legitimately in a country with satisfactory gaming laws to ensure that the relationship between punter and bookie is honestly regulated, legitimate and above board.