Betsafe Casino Review

betsafeBetsafe was founded in 2005 and launched in 2006 as a sports betting service. Licensed by the Maltese betting regulators, Betsafe presently boasts of a large player base of more than half a million, spread over a hundred countries. However, the bulk of their business is focussed around Scandinavian and Eastern European countries.

What it offers

Sports betting odds, bookmaking services, live betting odds and currency converted odds.

Languages available

Betsafe website is available in most of the European languages, including English, Bulgarian, French, Danish, Polish, Norwegian, Spanish and Portuguese.

Owned by

It was previously owned by Safepay Malta. However, the ownership was recently acquired by another Maltese gambling giant Betsson Co.

Which sports are covered by Betsafe?

Betsafe covers most of the popular sports. These include athletics, football, rugby, cricket, hockey, basketball, golf, tennis, winter sports, ice hockey, martial arts etc.

Are other odds covered?

Yes. Betsafe routinely offers odds in other popular miscellaneous categories including music, movies, media, politics, entertainment, weather, celebrities etc.

Bonuses

Betsafe offers modest bonuses that appear to be somewhat less attractive, especially when compared to the ones offered by other bookmakers such as Bet 365 or Ladbrokes.

Presently, Betsafe offers 50% matched bonuses with an upper cap of €50.

Website security

Betsafe website is fully secured for financial transactions. It offers first rate secure protocol service signed and authorized by VeriSign.

Customer support and assistance

Betsafe offers round the clock customer support service via telephone, email and live chat. Free of charge hotlines are available to users based in most of the European countries.

Overall Verdict

Betsafe is a good bookmaker if you wish to place bets on political or entertainment events. Their sports betting odds seem to be just a little inferior to major bookmakers operating in the Eurozone.

UK Betting Industry’s Heavy Reliance on Online Casinos

United Kingdom’s betting market employs more than 107,000 people and is worth more than £6 billion per annum. The figure sums up to a whopping US$9.8 million, and has been so recorded by the United Kingdom’s Gambling Commission. One of the reasons for this huge spurt in business and the billions of dollars earnings is due to the immense growth in the gambling sector in the UK, given the success of online betting. These online betting games are organized and hosted by some of the most popular online casino portals in the United Kingdom.

Uk GamblingThe biggest online gambling market in Europe

UK also happens to the biggest market of online gambling in the entire continent of Europe. The betting industry in Europe is said to be valued at USD 14.7 billion currently. That rounds up to a share of 66.67 per cent of the betting market to the UK. Unlike the US, United Kingdom has been considered the world leader when it comes to online gaming. The change took place when the country passed some favourable laws in the year 2007.

Industry research reports on UK’s betting market

UK houses 8 per cent of the European online casinos (as of 2012), as per a study conducted by Deloitte. Post 2012, the growth in the number of online casinos has occurred at a rate of more than 1 per cent per annum. Betting on the internet on sports alone is worth £650 million per annum. As per a report published by the Guardian, online gaming is as favoured in the UK as any other kind of gambling. This is specifically true when one factors in frequency of gambling. Currently online gaming and betting at horse races are the two most popular forms of gambling in this country. The online gambling population of 2.1 million UK customers make all this possible.

Dacorum Spends Over £99.5 Million in Gambling

DacorumLogoThe latest figures indicate that UK’s Dacorum Borough has spent more than £99.5 million in gambling, this year. The money has been spent in 22 licenced gambling outlets, out of which 16 belong to the town of Hemel Hempstead.

An unfair bet

Organisations like the Campaign for Fairer Gambling allege that the fairly new betting machines with fixed odds are responsible for money guzzling. While the normal betting machines require a preset stake of £2, the ones found around Dacorum allows players to bet up to £100. The money can be bet at a frequency of 20 seconds each and payments can be though cash or a debit card. These factors, many say, is why Dacorum has pumped around £18,523,408 into these betting machines.

Preventative measures

As debt increases in Dacorum, the Campaign for Fairer Gambling has urged the government to regulate the fixed-odds betting machines. They have stressed the need for the stake to be fixed at £2 to prevent gambling from being a major menace. They are hoping that the public joins hands with them in their endeavour.

Already Tony Breslin, Hemel Hempstead’s MP, has vowed to bring up the matter with Prime Minister David Cameron and, also, Secretary of State for Culture, Media and Sport – Sajid Javid. He pointed out that the machines are built to rake in maximum profits and that the destruction of families and communities was irreparable.

Breslin also highlighted the fact that betting outlets in economically backward areas outnumbered those in affluent regions. This, he said called for a united stand from members of Parliament. He has urged other MPs to step up the pressure on the government to bring the stake in fixed-odds betting machines to £2. And to help stem the crippling effects of rampant gambling.

High Street Betting and British Intervention

Gaming in English streets has an uncertain future. Betting shops have notoriously raised millions; leisure, entertainment and growth-promising expenditures are commonplace in such areas. Local British authorities have raised campaign standards to restrict high street betting, and government ministers are focusing upon fixed-odds betting terminals.

Pro-Regulation Demands

bookmakers_A total of 93 council decision-makers have implemented such restrictions to reduce betting terminals’ maximum stakes by approximately 98 percent, resulting in a £2 decrease and legislation drawn from across the political spectrum. Each council has urged ministers pursuing changes to adhere to the Sustainable Communities Act, which is geared towards reducing bad behaviour and criminal elements.

The Association of British Bookmakers

The Association of British Bookmakers has dispelled allegations posed by local council leaders, referring to the industry as “crack cocaine” for gaming. Where rapid bets and impulsive behaviour have recently risen, such complaints are widely found.

The Association of British Bookmakers has indicated a lack of evidence proving reduction in danger and shady activities through a 98-percent stake reduction. Additionally, the association has indicated high demand for such bets in high-population commercial areas. The industry itself has taken steps to regulate additional play pauses, furthering accessibility within high-population areas.

The Future of British Betting Terminals

As stated earlier, little evidence has slowed the council’s regulations. While such efforts carry good intentions, such restrictions have been met with outrage by public terminal users. The public’s reception has further reduced the council’s effects, creating a movement intending to reveal similar lapses in evidence.

While, for now, public gaming terminals seemingly possess a resistance to future regulation, such standards — when put into effect — likely increase the future odds of similar regulatory efforts. The future of British street gaming may face undue resistance, and future legislation may receive a warmer reception due to increased needs for evidence. For now, flimsy evidence carries little weight — but such weight may be recompensated in future years.

Gambling While Hungry: The Unusual Boost

Gambling while hungry may be beneficial, and it may boost calculative decision effectiveness. A Utrecht University, Netherlands, study has revealed   Hungry individuals pay out before their satiated counterparts. Additionally, they may make better decisions.

The “Hot State”

chips and cardsHunger induces high emotional levels—wherein individuals make quick decisions. This state, dubbed a “hot state” by leading researchers, can be hyper-rational, depending upon surrounding circumstances. Utrecht scientists have revealed a link between the hot state and gambling, and hunger-induced individuals

Researchers propose factual evidence supporting improved decision making within specified conditions. This state challenges the initial conception of “impulsiveness” where decision making is considered. While previously considered detrimental, such rashness may boost mental accommodation for specific realms, such as gambling.

Study participants were ordered to fast—removing meals from their routines the night before. As they arrived for the study, some individuals were given food. The others were not. Students undergoing several studies then tested their decision-making abilities.

The Results

The initial two studies paired students with an “Iowan Gambling Task”, wherein virtual cards are utilised for psychological analysis. The final study, meanwhile, prompted subjects for information. Subjects were asked about preferences towards either immediate, small monetary amounts or larger, future sums. Famished individuals fared better in each study.

The study proposed increased decision making with hot states—removing previous notions of irrational, impulsive decision making. Researchers have attributed the effects to “hot states in general”, beyond appetite and hunger. People aren’t necessarily more impulsive, they concluded, but rely upon their gut instincts—benefiting complex decisions within uncertain outcomes.

Where gambling is considered, impulsivity may not be so bad, and states capable of inducing such demeanours may subtly improve decision-making operations. While not unilateral, gambling effectiveness, it seems, may receive surprising benefits.