Once you decide to open a betting account with any online sportsbook it is very important to understand any house rules and regulations governing the use of that online account. The best starting point is the general House Rules section of that sportsbook’s website which should be able to provide all the information you need.
While there may be some rules and regulations that are specific to one particular online book, most of the rules governing the use of an online sports betting account remain standard across the online sports betting industry.
Just about every online sportsbook will limit you to owning and operating just one online account with that specific book. There is usually a one-account limit based on households with the same specific postal address or computer environments with the same network.
A household can also pertain to email addresses and debit or credit card numbers. A computer environment can also pertain to multiple computers on the same server or network tied into a sequence of IP addresses registered to the same host. All parties involved with a specific household and/or computer environment could become liable for any returned funds, losses or costs incurred by the book for a breach of its terms of use.
You are permitted to access your online betting account from multiple locations. However, most books will monitor your IP usage for the overall security of its members. Books will reserve the right to suspend a betting account if any unusual or suspect IP patterns are detected.
Betting on sports has become every day chatter
If for any reason your account is closed or suspended, you will not be allowed to open another one with that specific book. If you are looking to reopen a suspended account, most books will require a written request. Once documented permission has been received, the account can be reactivated.
While hard to govern, most books will not permit bets for third parties. This means you can not place a bet for someone else. All bets placed will be in your name under your account. If you allow someone else to access your online betting account under false pretenses, it could result in the closure of that account.
If you operate your own sportsbook or if you are employed by a sportsbook, you will normally be prohibited from opening a betting account with another online book. Any attempts to bypass this rule could be considered fraud and the account will be promptly closed.
As the owner and operator of an online betting account, you become solely responsible for the security of your account in terms of safeguarding a username and password. These should never be given out to a third party. You are also responsible for any betting transactions placed through your online account. This is the logical reason why you should always safeguard your username and password.
It becomes your responsibility for tracking account balances as well as your transaction history. This information is stored internally within a book’s operating system for verification purposes. However, you should always be vigilant in monitoring your betting account for any irregularities.
Improper credits to your betting account need to be reported to the online book. Any winnings gained from an improper account credit will be null and void. If any money is withdrawn as a result of an improper credit, the book reserves the right to recover those funds.
The use of outside resources such as third-party betting software, betting systems and professional betting services remain a very sensitive area with most online books. Many will clearly state that they are prohibited. If a book does suspect that these types of outside sources have created an unfair advantage, your online account could be closed with liability tied to any winnings.
Article posted April 21st, 2019
