Dangers of Online Betting Fraud and Sportsbook Fraud
Finding an honest online casino is a very hard task these days, but it’s not impossible. Experts estimate that 25% of online fraud is committed through casinos and online gambling. This is a huge amount of fraud and creating 1000’s of victims.
Fraudulent online betting sites or casinos often establish their online presence by creating elaborate sites and using paid advertising to find their clients. They don’t stay in business long, so the sites never get natural ranking on search engines or reviews or recommendations from other online gamblers. They rely on paid advertising to find their clients and a flashy site to gain their trust link vào fun88.
Unfortunately, more elaborate sites with seemingly trustworthy companies, because they think they can afford a lot of money and they can afford a good and good looking online casino. The reality is that most of these scam sites are built using a standard template and casino software for a few hundred dollars.
These companies are in the business of setting up a number of online gambling and they are smart enough to shut down and start a new site before they find out their scamming activities. Many times, the accounts and the websites are shut down and the first deal is made by the authorities. The reality is, these companies can have 100’s of sites running at once and many “shell companies” are hiding and protecting the real owners. This allows them to get over scam people over and over again.
Not to mention, these companies know which of these crimes and which ones will not. In some cases, they may be the payroll of the country. This makes it very difficult to catch these people.
Surprisingly, the biggest scam is not part of the gambling or betting at all, it’s about getting the credit card numbers and personal information. These scammers use these numbers to make fraudulent purchases or steal the identity of the player. Instead of taking a few hundred dollars in a lost bet, the scammer now has access to 10,000’s of good credit.
The only up-side of all this is that the credit card companies are responsible for this type of debt, not the card holder. So long as you report the debt in a timely fashion, you won’t need to pay back the debt these scammers rack up. It’s a mess of your credit and you may need to spend several days or weeks straightening things out, but in the end, you should be okay.
Legitimate online casinos rely on privacy, fair odds, and word of mouth to keep their clients, so when a player finds a good online casino, they need to worry about their private information. Once a player has enough experience, they will see a similar return on their investment as a normal (not online) casino that is heavily regulated.
The point is, finding a trustworthy casino can be a hard task, but once you do, your private information should be well protected and you can enjoy the same joy and excitement as Las Vegas. Just be careful and try to find reviews from other gamblers / betters and use websites that have already established themselves as a reputable site.
Good Luck!
Michael markets websites and writes articles relating to online gambling and sportsbook betting. You can visit his site for more news about various sports leagues, as well as how to play different casino games