 The future of internet-gambling
The booming of internet-gambling continues. Every week new companies are started on the net, and one can question how far it can go.
My prediction is that after this boom will come a time of cleaning-up. Many companies will not survive the first year. The companies who survive are those that can live up to the following criteria:
- credibility
- service
- fast pay-outs
- online bets
- high limits
- low tax rate
- simple rules
Credibility
It is obvious that a company in the gambling-business must have a high credibility. When I send money to a company I need to know my money is safe and that if I win my winnings will be paid out in a proper way. There are already existing companies on the Internet to whom I would be doubtful to send my money, judging only from their site.
Service
When I place a bet with a company, I demand a fast and good service. I want my mails to be answered swiftly, I want someone to pick up the phone when I call them. I want statistics. And I want my account to be handled in a professional way. Good service means also that the betting-company takes care of all charges from money-transactions.
Fast pay-outs
When I win, I want my money fast, and I want a guarantee for that.
Online bets
Online betting will be a absolute criteria for a successful betting-company.
High limits
There must be a place for high-rollers, and high-rollers need high limits. Many companies on the net today market themselves with high limits, but when it comes down to business, they cut down your bets and close accounts when the bettor wins too much. If they are open for bets, they should take them no matter who is placing the bets. If a company does not trust the bookie-staff that sets the odds, who can it trust?
Low taxes
Companies that have 2,00- 4,00- 2,00 on a hockey-game will not survive in the future, that means 20% off. Tax rate should be a maximum of 10-15 %. This of course puts a lot of pressure on the bookie, and he needs to be real good to stay in business.
Simple rules
The rules and regulations must be held simple. It is not the bettors responsibility to know about all the rules. It can not be the meaning that a bettor have to take part of 300 paragrafs of rules. If I place a bet and the bookmaker accepts it the bet is valid no matter what rules and regulations the company has.
A bet is a bet is a bet. The bookmaker himself is responsible for chosing the bets he wants and not.
The companies that can live up to some or all of these criteria will be the winners in the future.
That is my prediction.
If you think I am wrong, or have any other comments, my e-mail-door is always open.
Your editor,
Carl-William Tovås
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