Which betting site is the best?
The process of finding the best betting destination in the UK can be done only after the analysis of different parameters. Here are the key factors that play a role in the selection process:
Just a decade ago, online betting sites did not have complex signup requirements. As the laws in this industry have changed substantially in recent years, this process has become a complicated affair. Hence, we have to place a consideration on the complexity of a signup process with each betting site. Every user who signs up with a betting site has to go through a customer verification process, which has now become more simple, streamlined, and secure. It is recommended to complete this process, as it means that you can enjoy higher deposit and withdrawal limits along with the availability of more bonus offers.
If you are thinking about signing up with any UK bet sites, expect to furnish one or multiple options like:
- Photo ID
- Name, address, and date of birth
- Security questions like first pet’s name or mother’s maiden name
- Address proof
- Preferred payment option
You need not visit any office in order to supply this information, as all can be done from a secure portal. Once the documents are uploaded, you may have to comply with a verification process from the customer support team. Once this is done, you are one of the new customers at a top online betting location. You can also decide to provide some of the information when making a withdrawal. However, you have to be content with min deposit limits in such instances.
In a highly competitive industry, it is not a surprise that a betting site has to clamour for business. The search for new customers eventually leads to the availability of several bonus offers. Each bonus offer will invariably carry a lot of terms and conditions, which have to be analysed in detail before deciding to take the offer. Every bonus offer will invariably have qualifying attributes, wagering requirements, and many more terms inbuilt. All these offers – along with their lengthy terms and conditions – will be analysed. Such a comprehensive analysis helps keep away any frustration. For this reason, our experts dig deep into the bonus offers.
Apart from attracting new customers, the bonus campaigns should also try to retain existing customers. A refund or moneyback bet is one of the common types of bonus offers available to the new customers signing up with a betting platform. Typically, the bonus offer would be limited to £10. Some betting platforms may also with a bet 10 and get 30 offer, although the final bonus figure can vary depending on the platform. It is quite common to witness many bonus offers available for punters who wager on horse races and football. The Best Odds Guarantee is one of the popular bonus offers for someone dealing with horse races, while football specials are largely limited to first goalscorer or hat-trick scorer.
Some offers may look appealing from the distance, but we will look diligently into the fine print so that some poor policies can be exposed. This can help save a lot of your time and money.
New customers to a UK betting site can now count on a large array of options when trying to find an account. Traditionally, credit and debit cards were used across the industry. These were slowly assisted by a growing number of e-wallets. The likes of PayPal, NETELLER, and Skrill opened up several options for users to pay in a secure and cost-effective manner. Most of the e-wallets were able to offer instant deposits and withdrawals whilst charging a fraction of the cost compared to cards.
Since 14 April 2020, it is not possible for UK players to use credit cards, only debit cards work for deposit. This is due to the government’s attempt to reduce the number of gambling addicts.
Our review of the various sports betting sites, however, will be digging deep into each payment method. This would help expose the intricacies of each payment like the time taken for deposits and withdrawals. Each payment option also has its own min deposit and withdrawal limits and it can have a huge implication on the way it is used. Our focus will also fall upon payment options that do not help a player qualify for bonuses and rewards. A growing number of UK betting sites are no longer accepting certain e-wallet deposits for their bonus offers. Every user has to be aware of this situation before deciding to put money into their first qualifying bet.
Many betting sites do not turn out to be an all-rounder, as they would primarily specialise in a couple of markets. It is always a great idea to go with a bookmaker with the best odds on a specific market. This will have a positive impact on a punter’s bankroll. Horse racing and football are two popular entities when it comes to sports betting in the UK gambling space.
This sport ends up with a large number of markets for live and upcoming events. There will also be several options in the futures market. Invariably, all betting sites will focus on providing a diverse number of online bets related to the top leagues. For the purpose of analysis, we would perform research by pitting all betting sites against each other. This action is not performed for just one market, as certain betting sites tend to excel when providing odds for the Premier League while others would have excel in terms of odds for La Liga. It is easy to spot a variance of almost 14% when it comes to the top leagues. The variance does not significantly change in terms of a less popular market, where the competition is also much less.
The competition amongst horse racing betting sites cannot be easily compared, as most of the markets do not open up until just before the races. The comparison would largely be restricted to the Starting Price, which is also expressed as SP. This starting price is a reflection of the odds that are being provided in an actual race. It is primarily used to determine the returns when odds have not been offered or fixed when a wager is made. However, there is not a sizeable difference with regards to this sport, as almost all betting sites provide a bonus known as the ‘Best Odds Guarantee’ where punters will stand to get the higher price.
A growing number of punters are placing importance towards features offered by betting sites. It is common for betting sites to provide markets on a game or on outright. The real competition begins when extra features are thrown in with the odds. Some of the popular features are accumulator insurances, cash out, and bet builder.
The cash out feature has been growing in presence, as almost every punter actively seeks this feature. It is effectively providing a punter with control over their bet. This can be crucial when the stakes involved are rather high. Our team is focused on betting sites that were able to offer this feature, which is making a partial or full exit from the bet. Interestingly, partial Cash Out is not as prevalent as a full Cash Out, as it is currently restricted to only a handful of betting sites. The bet builder provides an opportunity for punters to bring together multiple bets on one game under a single roof. For example, a punter can decide to build a bet comprising of total goals, goalscorer, and result.
Betting Odds and Prices
A crucial point behind any betting site would be their odds and prices. Since the industry is extremely competitive, it is possible to witness variances in different odds of the same event. It is a strong reason why it is recommended for punters to have more than just a single account. If there are accounts with multiple bookmakers, it gives the option to choose the best odds in every bet. Of course, there may be situations when you may stick with the particular bookmaker largely because of any additional bonuses that can be earned by showing loyalty. Still, it is important to have a choice in the world of betting online.
Many betting sites in the UK now provide special promotions like Enhanced Odds and Best Odds Guaranteed. Our reviewers, though, happen to go through each bonus in order to assess their superiority over one another. Even though they may appear excellent on paper, a deeper look into their terms and conditions may reveal a different side to the story. There is no substitute for knowledge and making an informed decision on odds is crucial in the world of betting. Furthermore, there is always an upside of having an option so that you can shop around for the best odds.
The quality of odds is a measure of the payout percentage from the betting site. This differs from one betting site to the other. It can also vary based on sports, while it can even change based on an individual game. This parameter is extremely difficult to measure, but some patterns in the odds can help spot this difference. All betting sites would have a certain amount of margin in order to cover their business. This means that a payout percentage would never be 100%. It usually hovers in the upper 90s, but even a slender difference in this figure can end up costing you a lot in the long run.
Online Betting FAQs
What is the timeframe required to start an online betting account?
The process of opening an account with the best betting sites would be fairly quick, as it takes only around 2 to 5 minutes. You may be required to complete the verification process before the account opening is complete. There may also be requirements to upload specific documents. At the end of the day, you can expect to spend around 10 minutes in total.
What is the procedure to claim a free bet?
Customers can claim a free bet by using a dedicated bonus code for the specific betting operator. After using the bonus code, customers may be required to place a small minimum deposit to qualify for the free bet. Each free bet offer is associated with several terms and conditions.
How can you make a deposit?
All betting operators provide several ways to make a deposit. One can capitalise on support for major debit cards, while support for e-wallets is also growing at a rapid pace.
What is a progressive jackpot?
A progressive jackpot is a growing jackpot where all players contribute a certain percentage of the bet to the slot machine’s total jackpot. Here you have the opportunity to win millions in a single spin. If you are looking for the jackpot itself, it does not matter how much you bet as the winnings fall out randomly and do not depend on the bet value. But the bet obviously affects the usual winning combinations on the game. The most popular jackpot games are Mega Fortune, Divine Fortune, Hall of Gods, Mega Moolah and Arabian Nights.
What are wagering requirements?
Casinos do not want to give out money for free, and therefore they are locking the bonus cash until the turnover requirement is met. Adding a wagering requirement on their bonus is giving the casino a chance to win their money back.
How to turn Casino Bonus Offers into Cash Money?
To redeem the bonus, you must bet the bonus a certain amount of times to meet the wagering requirement. If the bonus is £100 and the wagering requirement is 30x, then you must wager the sum 100 x 30 = £3000. Some casinos also include the deposit in the bonus terms. If we, for example, deposit £100, the formula thus becomes. 30 x (100 + 100) = £6000. We should, therefore, avoid casinos that include the deposit in the bonus terms.
Can I trust Mr Win?
Mr Win was started by friends with long experience in the gaming industry. We have been involved in everything, from the poker boom (2003 and 2006) to betting and casino, not only as players but also as employees of various gaming companies since 2005. We, therefore, have experience from both a player’s perspective on what is required for a product to be attractive but also from the gaming company’s perspective which makes that we have a more fair picture of what is a good or a bad casino.
What is a casino bonus?
There are several forms of bonuses, and what they have in common is that they give you financial added value. This way, you increase your chances of winning and they can provide you with more exciting gaming experience. Of course, counterclaims are set in the form of wagering requirements and other rules that must be met before you can make a withdrawal. The most well-known bonuses you usually hear about are the deposit bonus, welcome bonus and the free spin bonus.
A deposit bonus is generally given to registered players that the casino wants to encourage to stay and play on the site. It can come in the form of a certain amount of money added to your deposit. An example of a deposit bonus could be 100% up to £300. In this case, you get your deposit doubled up to £300. If you deposit £150, you will then receive £300 to play with.
A welcome bonus is usually more valuable when the casino wants to attract players to become members. Sometimes the welcome bonus can be spiced up with extra free spins in some selected games.
What are Free Spins or Bonus Spins?
A free spin is a spin on a specific slot that you don’t have to pay for. Free Spins are popular to hand out to attract new and retain existing players. Since all casinos virtually have the same range of games, they must stand out in other ways as the industry is extremely competitive. Worth mentioning that free spins winnings usually have to be wagered several times before you can withdraw your money. Be sure to read the casino’s terms and conditions so you know what applies.
Which online casino should you play at?
Since RTP will not guarantee a profit, but is a theoretical figure that is based on gambling for an extended period, you can, of course, win much more or significantly less than stated. Above all, you should choose a casino that has a broad range of appealing games and that provides the best welcome bonus. See our top listings for the best deal right now.
Is it allowed to have multiple accounts at the same casino?
It’s not possible and has over the years been abused by many players who want the welcome bonus several times. Although in the short run, it is sometimes possible to create multiple accounts at the same casino, it will, in the long run, block you out because you violate the casino’s terms and conditions.
Do I have to pay tax on my winnings?
All UK casinos that we’re listing on our site are licensed by the UK Gambling Commission, and players from England do not have to pay any taxes on their gambling winnings.