We have all seen an explosion in the cricket betting sites that are now available to punters in India. Each providing its own take on betting and online gambling which makes it difficult for the customer to decide which site to go for. They all look attractive and offer mind boggling welcome bonuses. However, because online gambling in India is still a grey area, one should be careful of the sites they select. The last thing you want is for an unlicensed site to take your hard-earned money and not give you back the winnings.
This is why it is extremely important that you should play at licensed operators and avoid illegal sites such as Lord Exchange. Furthermore, you should look at the type of license that is held by the operator. At present, there are three licenses that are of great value which include MGA, UKGC and Curacao. The first two are extremely difficult to get and are also heavy on the finances. Curacao is cheaper and can be obtained with relative ease. To get the license, the operator is required to demonstrate that it has created a safe and secure environment for its players. This includes using the latest in encryption technology such as SSL to ensure that customer data is kept safe and secure. Remember you will be providing sensitive financial and personal information and you do not want this to end up in the wrong hands.
With a license in place, the bookmaker is also required to have stringent processes in place for Anti Money Laundering (AML) and Know Your Customer (KYC). The bookmaker is also required to create a responsible playing environment so that anyone with gambling problems can time out or completely close their account if need be.
This is just a small snippet as to why you should play only at licensed bookmakers and avoid illegal sites such as Lord Exchange and King Exchange.