July 7, 2022 (Investorideas.com Newswire) The online gambling market is expected to hit the $92.9bn market cap by 2023. Sadly, despite the evident growth, scams are still plaguing the beautiful game. Online casino scams are very common these days, and a lot of people fall victim to them.
To protect you from falling victim, I will be talking about these scams and how you can avoid them.
Firstly, what are online casino scams? They are well-planned and executed schemes that defraud one or several parties of their funds.
Online casino scams can be orchestrated in two ways:
For this post, we'll only focus on the first scheme - rogue casinos defrauding people. The following are the signs of a rouge casino:
A rogue casino will refuse to pay your winnings when due. Each time you attempt to withdraw, a rogue casino will come up with excuses to postpone your payment. Although violating its terms and conditions, a shady casino may take several weeks to repay its players. A casino may postpone payment due to a cash flow problem or try to entice players to take another bonus and play more while refusing to pay out. These incidents are all signs of rogue behavior and should not be overlooked. A site we highly recommend is the Bandar slot Oneida casino. They have a reputation for paying up all winnings when due. You won't have any problem gambling on this site. You should try them today.
Terms and conditions govern all your activity on the online casino site. You have the right to know if a casino plans to change something in their T&C.
Sadly, a rogue casino will occasionally change its rules on the spur of the moment or when it is necessary. In an attempt to substantiate its allegations, a casino may even change its terms and conditions in the middle of a disagreement. This is why you need to read all the terms and conditions before agreeing to use a casino site.
Another way to spot a rogue casino is if they do not have the proper license to operate. A casino must be licensed by the proper gambling authority to operate. A good online casino will have a valid license on its web page for players to see. This license gives players the security to gamble on the site. You should avoid using it if you don't see any of this on the website.
This is another way to spot a rogue online casino site. It is normal for a business to use ads on their website, but if it is too much, you should be wary of the page.
If you receive scores of advertisements or pop-up notifications from a casino daily, you should consider switching to another platform.
Now let's talk about the most common scam activities that a rogue casino can carry out.
This is a common scam carried out by fake casinos. Pretending to be legit, these people will take your personal details when you sign-up and then go ahead to use them for various unscrupulous purposes.
The tricks they carry out include; freezing your account and then asking you to provide identification or proof of address. Outright obtaining credit card details to duplicate your credit cards and steal your funds.
Rigged Games: This is among the most prevalent online gambling scams. The gambling sites will manipulate the games to give you a taste of winning before draining your account. They will make you win some games, which will make you want to play more, after which you will lose heavily.
Deposit Theft: Here, the casino encourages you to make a deposit but then prevents you from withdrawing your money. For shady casinos, this is one of the biggest sources of revenue. So, they always double down on encouraging first-time visitors by offering exciting bonuses and whatnot.
As you can see, rogue online casinos can engage in a variety of online casino system scams, ranging from deposit and identity theft to malware installation and game manipulation. When you sign up on a gambling platform, keep an eye out for any dodgy activity and warning indications. Again, below is a useful checklist to follow before opening accounts at a casino website to avoid online casino scams:
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