Did you know that India is one of the fastest-growing online betting markets in the world? According to a report by KPMG, the online gaming industry in India is expected to grow at a compound annual growth rate (CAGR) of 21% from 2020 to 2025. However, not all betting apps are created equal. Some are legitimate and trustworthy, while others are fraudulent and unreliable. How can you tell the difference?
In this article, we will provide a guide for newbies in online gambling in India on how to distinguish legitimate apps from fraudulent ones. We will cover four main aspects that you need to consider before choosing a betting app from license and reputation, features and offers, claims and promises, and payment methods.
Why You Need to Check the License and Reputation of the Betting App
The first, and perhaps the most important thing, that you need to check before signing up or depositing money on cricket betting apps is its license and reputation. The app’s license is proof that the app is authorized and regulated by a reputable gaming authority, such as the Malta Gaming Authority, the UK Gambling Commission, or the Curacao eGaming License. These authorities ensure that the app follows fair and transparent rules, protects your personal and financial data, and pays out your winnings promptly.
Checking the license and reputation of a betting app can help you avoid scams or frauds that may try to lure you in with false promises or deceive you with hidden agendas. It can also help you find quality service, a variety of sports and markets, competitive odds, generous bonuses, and convenient payment methods.
How to Identify Legitimate Betting Apps
Here are some best practices on how you can check the license and reputation of a betting app:
Look for the license number and logo on the app or website
Usually, the license number and logo are displayed at the bottom of the homepage or in the about us section. You can also click on them to see more details about the license. For example, Betway has a license from the Malta Gaming Authority with the number MGA/B2C/130/2006. You can see the logo of the authority and click on it to verify the license on their website.
Read online reviews and ratings from other users
User reviews can be found on social media platforms, forums, blogs, or comparison websites. Look for honest feedback, positive or negative, about the app’s features, offers, customer support, security, and payouts.
For example, 10CRIC has a rating of 3.9 out of 5 stars on Trustpilot. From this information, you can conclude that the platform is at least legitimate and is favored by a lot of its users.
Complaints and negative reviews can also give you a perspective in weighing the pros and cons of using the app.
Contact customer support
You can test the legitimacy of a betting app by checking how responsive and helpful they are in addressing customer concerns and questions. Usually, you can contact a legitimate betting app via live chat, email, phone, or WhatsApp, among other platforms.
How to Spot and Avoid Betting Apps that Have Unrealistic or Suspicious Claims
Here are some tips on how you can spot and avoid betting apps that have unrealistic or suspicious claims:
Do some research on the app’s background and history
You can use online sources such as search engines, social media platforms, forums, blogs, or comparison websites to find out more about the app’s origin ownership license, reputation features, offers rating reviews, etc. You can also look for any complaints, reports, or lawsuits against the app. You can also use our comparison website or tool to see if the app is listed among the legitimate ones.
Check for red flags or warning signs
You can use your common sense intuition or experience to identify any signs that something is wrong with the app. such as spelling errors, grammar mistakes, broken links, missing pages, pop-up ads, malware alerts, etc. You can also look for any signs that something is too good to be true such as unrealistic bonuses, odds claims, etc. You can also check the app’s bonuses or odds for any unrealistic or suspicious offers.
Making sure that you are putting your money and playing on a legitimate betting app in India is an important thing. Playing in a fraudulent app not only endangers your money but risks your privacy and security, too.
As online betting apps keep on growing in popularity, new platforms will continue to rise every day. Of course, this will also include fake platforms that are out there to take your information and your money from you. As such, remembering and applying the best practices discussed here will help you navigate through these online risks and enjoy your betting experience to the fullest.