Dangers of Online Betting Fraud and Sportsbook Fraud

It may seem impossible to find an honest online gambling site these days. Experts estimate that 25 percent of online fraud is committed by online casinos. This is a lot of fraud that causes thousands of victims.

Many fraudulent online casinos or betting sites establish an online presence through elaborate sites and paid advertising. They don’t stay around long and the sites don’t get natural rankings on search engines, reviews or recommendations from other online gamblers 맨션88. They rely on paid advertisements to find clients and a flashy web site to gain their trust.

Customers are less likely to trust more expensive sites because they assume they will be difficult to afford. These scam sites use a standard template and have casino software that can easily be bought for just a few hundred bucks.

These companies open an online casino in a country without any laws. However, they are smart enough not to be caught by the authorities and shut it down. Many times, these accounts and websites get shut down before even the first complaint gets to the authorities. It is possible for these companies to have multiple websites and “shell” companies that hide and protect the real owners. This allows them to continue to scam people, without ever being caught.

Not to mention that these companies know which countries are going after them for these criminal acts. In some cases, the authorities of the country could even be on their payroll. It can be very difficult for these people to be caught.

Surprisingly though, the biggest scam isn’t gambling or betting. Instead, it involves getting credit card numbers and personal data. These numbers are used by scammers to make fraudulent purchases and steal player’s identity. Instead of taking just a few hundred in a lost wager, the scammer now has access 10,000’s in good credit.

There is one upside to all this: the credit card companies, and not the cardholder, are responsible for this kind of debt. As long as you notify the credit card companies in a timely manner, you won’t be required to pay the debt these fraudsters rack up. This will cause a major credit problem and may take several days or even weeks to fix. But, in the end, it should not be a problem.

Online casinos that are trustworthy rely on fair odds, privacy, and word-of-mouth to keep their clients. So when a player discovers a great online casino, there is no need to worry about any of their private information. When a player has enough experience they can expect a similar return to their investment than in a regular (not online) casino that is tightly regulated.

It is not easy to find a reliable casino. But once you do, your information should be secure and you should enjoy the same thrill and excitement at the Las Vegas tables. You should be cautious and seek out reviews from other players/bettors and only use sites that have established themselves to be trustworthy.

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