Scam Bookmakers
Written by
AZ team
Last updated on
Sadly, online scam betting sites have become a very profitable business in recent years. Many fake bookmakers have shown up, and thousands of players have lost a lot of money because of their unfair actions. Some scam sites go broke and canโt pay players back, which isnโt always planned. But others are made to trick you into putting money in and never letting you get it back. On this page all the sites we’ve selected are tested, trustworthy and proven!
Velobet – 9.5/10 rating
โฝ Great range of betting markets
๐ Owner: Santeda International B.V.
๐ Established: 2023
๐ GEOs: Canada, New Zealand, Finland
๐๏ธ License: Comoros
Banking
Min. deposit: $20
Max Monthly Withdrawal: $15,000
Withdrawal time: Instant
Advantages
- Generous sport welcome bonus
- Accepts many countries
- New bookmaker with high odds
Cloudbet – 9.5/10 rating
โฝ Over 4000 slots
๐ Owner: Halcyon Super Holdings
๐ Established: 2013
๐ GEOs: Argentina, New Zealand
๐๏ธ License: Curaรงao
Banking
Min. deposit: 0.001 BTC
Max Monthly Withdrawal: No limit
Withdrawal time: Instant
Advantages
- Accepts many cryptocurrencies
- Loyalty and VIP program
- Big variety of sports betting
Sportsbetting AG – 9/10 rating
โฝ Big variety of sports betting markets
๐ Owner: Itagui Inc
๐ Established: 2003
๐ GEOs: USA, Canada, New Zealand
๐๏ธ License: Antigua & Barbuda
Banking
Min. deposit: $20
Max Monthly Withdrawal: $100,000
Withdrawal time: up to 24 hours
Advantages
- Optimized for every device
- Accepts cryptocurrencies
- 24/7 live chat
Betonline – 8.5/10 rating
โฝ Accepts players from many countries
๐ Owner: Imion Limited Casinos, Termas del Arapay Management S.A.
๐ Established: 2004
๐ GEOs: USA, Canada, Australia
๐๏ธ License: Panama
Banking
Min. deposit: $20
Max Monthly Withdrawal: No limit
Withdrawal time: Up to 24 hours
Pros
- Many cryptocurrencies available
- 24/7 live chat
- Mobile app
Signs to look for
Luckily, there are a few signs that can help you spot sportsbook fraud and avoid getting tricked. These sites often look professional and have few obvious red flags. They use different tactics to get new players to sign up and deposit money. Typically, these sites offer a lot of betting options and attractive bonuses. Sometimes they even have live chat support, guiding you through the deposit process.
Scam betting sites also use big marketing campaigns to get more customers. For example, they might call you with a tempting offer or special deal. Be cautious and donโt fall for it. The same goes for emails from unknown sportsbooks.
Another trick scammers use is to offer higher odds on bets and then later cancel winning bets, giving strange reasons. They might say there was a mistake or the odds didnโt have a valid market value, but usually, this isnโt true. Some sites will even label you as a professional bettor and cancel your winnings to avoid paying out.
Choose where to sign up wisely
Generally, itโs really important to make sure a bookmaker is licensed and regulated before signing up and depositing any money. Do your research-donโt just trust any operator with your cash. Check out reviews and always look at our list of scam betting sites.
In short, if an offer seems too good to be true, it probably is. Remember the advice above, and you can be confident that your bets will be safe and secure.