Although it may seem difficult to find an honest online casino, it is possible. Experts believe that 25% of all online fraud is committed in online casinos. This fraud is huge and can cause thousands of victims.
Online casinos and gambling sites that are fraudulent often create elaborate websites to establish their online presence. They also use paid advertising to attract their customers (victims). However, they cannot stay in business for long, so they don’t rank well on search engines. So instead, they rely on paid advertisement and a flashy website to win their trust to find clients.
Consumers are more likely to trust sites that cost a lot, and therefore they believe they can be trusted. Most of these sites are built using standard templates and software that can be bought for a few hundred dollars.
These companies set up shops in countries that do not have laws concerning online gambling. They are also smart enough to shut down the site and open a new one before authorities catch them. Many times, accounts and websites are closed before the first complaint is filed with the authorities. These companies may have hundreds of websites running simultaneously and multiple “shell companies” protecting and hiding the true owners. They can then continue to deceive people without being caught.
These companies also know which countries will pursue them for their crimes. Sometimes, the authorities of the country might even be on the payroll. Therefore, it is very difficult to capture these people.
Surprisingly the biggest scam in gambling and betting isn’t related to that. Instead, it involves getting your credit card numbers, personal information, and other financial details. These fraudsters use these numbers to make fraudulent transactions or steal the identity of players. The scammer now has access to 10,000 credits, which allows him to take a few hundred dollars for a lost bet.
This is the only positive side to this whole situation. Credit card companies are responsible for this type of debt and not the cardholder. You won’t have to repay the scammers’ debts as long as the debt is reported in a timely manner. You will have to work hard to get your credit back in order.
Legitimate online casinos rely on fair odds and privacy to keep their customers. When players find an excellent online casino, they don’t have to worry about their personal information. After accumulating enough experience, players will see the same return on their investment in a strictly regulated online casino.
Finding a trusted casino can be difficult. However, your personal information should be protected once you have found one. You should feel the same excitement and joy as when you play at Las Vegas tables. Be careful, and look for reviews from other gamblers/bettors. Only use reputable sites.
