Everything You Need to Know About the KYC Procedure | Bookmaker Verification Process
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Everything You Need to Know About the KYC Procedure | Bookmaker Verification Process

Signing up with a sportsbook is a very simple process unless the bookmaker doesn’t work in the country of your residence or if you’re ISP blocked. But typically, the whole thing doesn’t take longer than a couple of minutes.

Yet registering with a sportsbook always comes with a tedious verification process, most commonly known as KYC, which can be intimidating for beginners. Here we’ll take a closer look at how the bookmaker verification process works, how to do it, and why it’s required.

What Is Bookmaker Verification?

Signing up with a bookmaker is a bit more serious than registering for a Club Penguin account since you’re registering for a service that can be illegal for underage people. And that’s the main reason why bookmakers have a verification process – to ensure that the customers they accept are old enough to bet.

Through the verification process, the bookmaker verifies the user’s identity and ensures that:

  • He is old enough to bet
  • Lives in a country where the sportsbook can operate

What Is KYC – Know Your Customer?

Bookmakers’ verification process is also referred to as the Know Your Customer (KCY) verification, which as the name suggests, is a process designed for the bookmaker to verify the identity of the potential new customer.

Everything You Need to Know About the KYC Procedure | Bookmaker Verification Process

During the KYC process, the bettor has to send the bookmaker some details, just so you can prove who you say that you are. The bettor provides those details by sending the bookmaker various documents, including:

  • Personal Document: Photo ID, Passport or a Driving Licence
  • Proof of Address: Bank statement or a utility bill (electricity bill)*

*Note that the utility bill has to be dated within the last three months

This is just additional information the bettor has to give the bookmaker on top of what is needed to provide when opening an account, such as full name, date of birth, email address, and phone number. The additionally required documents are needed just for the sportsbook to verify that all the information provided is correct.

Why Do Bookmakers Need KYC Verification?

Even though it would be much simpler and quicker to open up an account with a bookmaker without the KYC verification, the sportsbooks have to have it as a part of the regulations they need to follow to keep their gambling licence.

Everything You Need to Know About the KYC Procedure | Bookmaker Verification Process

So even though the KYC verification can seem a bit intrusive since it requires bettors to provide all of their personal information apart from their shoe size, this is not something we should take too personally.

Sportsbooks simply have to follow the rules, including asking all potential customers to complete the KYC verification.

On the flip side, if we stumble upon a bookmaker that doesn’t ask for a KYC verification, it’s a good sign that it doesn’t follow any regulations and likely doesn’t hold a valid gambling licence. In this case, the sportsbook doesn’t abide by any rules, and that could be a problem.

FAQ

How do I verify my bookies account?

To verify an account on a bookmaker, the bettor has to complete the KYC verification, which will ask for a personal document (photo ID, passport or driving licence) and a utility bill (electricity or water bill) no older than three months.

How to bet without verification?

Bookmakers have to ask every bettor that wants to set up an account with the website to complete the KYC verification as a part of the regulations bookmakers have to follow to keep their gambling licence. If the sportsbook doesn’t ask for a KYC verification, then it likely doesn’t hold a valid betting licence.

Can you use bet365 without verification?

No. To use bet365, it’s required to provide full name, date of birth and address, and the bookmaker will eventually request additional verification such as personal documents and proof of address.

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