For any new bettor, one of the first steps on the path to gambling is learning how to open a betting account online. It can be a treacherous task for those that are inexperienced, and there are several pitfalls along the way that can present a considerable issue for the ill-informed. That’s why we’ve compiled this guide, which will teach you everything you need to know about how to open an online betting account.
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It doesn’t matter if you’re betting on the latest esports tournaments or traditional sporting events, the journey ultimately looks exactly the same. There are several general steps to follow for any type of bettor, regardless of the betting platform that you’re putting your faith (and money) in. However, if you want to remain safe and secure at all times, it’s best to take advantage of a guide that teaches you how to open a betting account – just like this one.
What are the Dangers of Opening a Betting Account?
If you’re eager to open an online betting account, it’s important to make sure that you’re doing it for the right reasons. If you’ve got a broad anticipation of making millions by betting on top-flight sports teams, you may need to rethink your approach.
One of the key dangers of opening a betting account online is the key pitfall that sees an inexperienced bettor lose more money than they can afford. They’ll be chasing the wins amidst a sea of losses, and they’ll be unable to get out of that losing streak.
Of course, that’s not everyone’s story, and it’s different for each user.
It doesn’t matter if you’re taking part in esports betting or if you’re throwing down a wager on the Super Bowl, there are some universal dangers to be aware of.
- Don’t use unlicensed or unregulated betting sites.
- Don’t bet more than you can afford to lose.
- Don’t bet using methods you don’t understand, such as cryptocurrency-focused betting.
- Don’t circumvent rules, such as geographical restrictions that can be navigated around using VPNs.
- Don’t lie when opening an online betting account – you must obey the laws of your local region.
So, if you’re opening an account with an online casino or signing up for the best esports betting site, you’ll need to make sure you’re avoiding these dangers.
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How to Open a Betting Account Online
Here’s the part of our guide that’ll teach you how to open a betting account on any website.
Find the Platform
First, track down the betting operator that you think looks the best. There are a few key things to look out for when selecting a betting platform:
- Are the reviews for the betting site positive?
- Does it have markets that can see yourself betting on?
- Does it look trustworthy at first glance?
- Is it easy to navigate?
- Is it licensed and does it use a safe payment platform?
For some, simply recognising the brand name of the platform is enough to warrant signing up. For others, deep and comprehensive research must be completed before they feel safe betting on a website.
You may also be interested in the following guides:
- How to open a GG.Bet account – an esports betting specialist site with a matched deposit of up to $300
- How to open a MyStake account – a crypto betting website with a dedicate esports matched deposit bonus of up to $500
- How to open a Pinnacle account – an esports betting specialist site with the best odds in the industry.
- How to open a BC.Game account – a crypto betting website with a series of four deposit bonuses.
Complete the Registration Process
Typically, the registration process when opening an online betting account will be almost identical from site to site. It can usually be done through a website, or through a mobile betting app. This is the longest part of opening a betting account, as it’ll require you to fill out a form with personal information. This will generally include your name, country of residence, age, and other identifying information.
For the top betting sites, these forms are typically safe and reliable, and you won’t need to worry about entering personal information.
If you’re in a country that requires a know-your-customer (KYC) process to be in place, you’ll need to take some extra steps before you can use your betting account. These steps would typically consist of:
- Proof of identity through photo identification.
- Proof of permanent resident address through a bill or letter.
- Proof of payment method through debit or credit card.
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Customise your Profile
On some platforms, you’ll have the ability to customise your profile, tweaking certain settings to put your own mark on your account. For instance, you may be able to alter the currency, various display options, sounds and notifications, and betting limits.
There’s nothing too in-depth to worry about, usually. If you’re making use of esports betting strategies and placing wagers on Call of Duty tournaments, for example, there may be functions that allow you to link your gaming accounts to your betting accounts.
Fund your Betting Wallet
Once you’ve finessed your profile, it’s time to put some funds in your betting wallet. This can often be as simple as linking a credit card and selecting how much you want to deposit into your account. If you’ve read the terms and conditions and rules on the platform, you’ll know the minimum amount that must be deposited – and the maximum amount that can be.
If you’re going to use cryptocurrency, then the platform will need to accommodate that. Generally, most betting sites will use the same payment methods – there aren’t so many that it can be confusing.
Read also: Best Crypto Wallets for Online Gambling
At this point, you’re ready to get stuck in and start placing bets.
Become a Successful Bettor
With our betting guides, you’ll learn everything you need to know to become a top-tier bettor. It’s not an easy path, though, and there are various elements to betting that may be difficult to understand at first glance. There are many strategies to consider and all kinds of betting terms that will only be clear to a veteran bettor – at least at first.
It’s a case of time, effort, and investment – eventually, you’ll figure it out.
