Are you hesitant to bet in a virtual casino?
Online gambling has grown across the world. In Britain, it’s grown to be 33% of all gambling across the country, making it the largest gambling sector. That outpaces horse betting and even the National Lottery.
With that much growth, there are more and more online casinos popping up, trying to get a piece of the global market.
It also attracts those with less than above board principles. Online gaming has made itself ripe for scams, fraud, and phishing. That can cost you a lot of money, and make you a target of identity theft if you’re not careful.
If you want to know how you can protect yourself from online casino scams, keep reading. You’re about to learn the top casino scams and how you can avoid them.
Top Virtual Casino Scams
Virtual casino scams range from a simple email to fraud. Some will even steal your identity, which could ruin your financial future.
These are the most common scams in the online gaming world.
Slow or No Payment
Yes, there can be processing issues or payment delays that are beyond the control of the casino. Sometimes, banks get a little suspicious and will hold on to the payment to ensure that it’s a legitimate payment before releasing it to your account.
On the other hand, there are deliberate tactics that some casinos will use to delay or avoid paying. They may require a ton of paperwork to prove your identity or say that payment methods aren’t available. They may also suddenly change their terms and conditions.
Are Online Casinos Rigged?
This is a question that many online bettors ask. It seems like the house ALWAYS wins. Reputable casinos will show you your chances of winning upfront.
This is becoming a much bigger issue because the consequences are severe. If you’re hit by ID theft, the casinos could steal your identity, sell it to someone who now has access to your bank account. They can completely drain your bank account if they want to.
One way to avoid this is to use payment options like Neteller. It’s a private and secure payment system that allows you to pay for gambling without having to give them your banking information.
We already mentioned that unscrupulous casinos may change their terms and conditions to avoid payment.
They can also change sign-up bonuses after you signed up. If you signed up at an online casino for a big sign up bonus, they may change the terms after the fact. There may also be fine print in the terms and conditions that state that you’re entitled to a small portion of that bonus.
What’s the lesson here? There are two. First, read the fine print. Second, if it seems too good to be true, it probably is.
Casinos That Use Fake Casino Software
It can be hard to tell a legitimate online casino from a scam. The thing is, some websites weren’t created by software developers who are well known in the gaming industry.
The best developers will have their software regularly tested and audited.
Tips to Avoid Casino Scams
There are many things that you can do to avoid scams when you’re looking online for places to gamble. The first thing to do is to look for legit online casinos. These are casinos that are well run, regulated, and they have a large and loyal following with good reviews.
For example, a casino like W88 is one of the most popular in Asia. Click here to check it out.
Is the Casino Regulated?
That’s the first question that you should ask. A lot of online casinos are regulated by the gambling or gaming commission in the country where they’re registered. The most common countries for online casinos are:
When a casino is regulated by a government agency, you know that they’re held to a higher standard. That will give you peace of mind to know that you’re dealing with a legitimate casino.
If you are a victim of fraud or suspect scams at a virtual casino, you should report it to the appropriate gaming commission right away. This will prevent others from falling victim, too.
Is There Contact Information?
One tip that seems very obvious but is often overlooked is to see if there’s contact information on the website. That means, a phone number, email address, live chat.
You always want to talk the casino first before putting money on the table. You’ll get a feel as to whether or not it’s a legit operation or something that operates out of a boiler room.
There should also be an About Us page that has information about the casino’s ownership. You should be able to find it pretty easily on the website. If it’s not listed on the About Us page, then check the terms and conditions page.
Are They Audited?
Virtual casinos should be regularly audited as part of their licensing requirements. There are a few reputable auditing companies that go through and check the casino’s systems. That includes security, payment processing and the games themselves.
The Isle of Man’s gaming commission has a list of testing companies that are approved for testing and auditing purposes.
This ensures a fair and fun gaming environment for all players.
An audit will also look at the Return to Player (RTP) rate, which gives you the odds of winning. They’ll also check the Random Number Generator. That is what determines if you’ll win or not. The RNG can be rigged so the casinos always win.
You Don’t Need to Be Lucky to Win
Betting at a virtual casino can be entertaining and it can put cash in your pocket. It could also make gambling a losing proposition. Knowing what to look for in a virtual casino and how to avoid scams will help you have a killer gaming experience.
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