Advantages and disadvantages of foreign bookmakers

Is it safer to play with a licensed operator?

Some licensed bookmakers override the law and come out unscathed. So you’re not necessarily safer by playing with a licenced bookie. In order to help you choose we’ve listed here the main sticking points between bookmakers who have a licence and those who are foreign-based

Bookmakers that have a Gambling Regulatory Authority of Ireland license

By choosing a bookmaker with a licence, you’ll have convenience. You will pay more taxes on your winnings which are lcurrently the highest in the world. Your winnings therefore will be drastically reduced. Prognosticators, who are only familiar with one country, may be biased and less accurate than other global prognosticators.

Furthermore, as mentioned earlier, bookmakers have agreements to encourage them not to destabilize the market within each country, that means you won’t have access to surebets or valuebets. Finally, since there are fewer gamblers the odds will be significantly less appealing. However you will probably be taking less of a risk if you are gullible and naïve because the government has done all the work for you and if you ever do get scammed, it will happen less often.

Bookmakers that do not have a Irish Gambling licence

You can increase your winnings not only due to the higher number of players but also because of the bookmaker’s more attractive bonuses and because you won’t be subject to higher taxes. Creating an account will be a bit more tedious because you’ll have to do more than simply register with a bookmaker. To accomplish this, you will definitely need a virtual wallet, a broker or a VPN. However, by using tools to help make you anonymous you will be audited much less often. Since they are more discreet it’ll be easier for you to win and spend your money.

You will have much more possible bets including Asian handicaps and you’ll have access to new games which were previously not available. Additionally, you’ll also have access to winning accounts, which are blocked or closed, as the case may be, with traditional bookmakers. However don’t head straight for the most suspicious bookmakers but stay with those who are the most well known (there so many of them choosing one can be fun) to be sure of getting the most reliable predictions and without getting scammed.

Of course, since bookmakers do not have the right, in principle, to pay out any money if they don’t have a licence in Ireland, cashing out will be a bit trickier, but you can easily find, as mentioned above, virtual wallets suited to your needs.