As online casinos grow in popularity, the industry rakes in thousands of dollars. Unfortunately, not all operators are committed to playing fair. These rogue operators will use a number of tricks and scams to steal your money right out from underneath you. If you decide to play on any gambling sites, you’ll need to know these common online casino scams.
Illegal Sites That Look Legal
People have been pretending to be something they’re not since the beginning of time, so it’s no surprise that there are a few casino sites swirling around the Internet that are not as legal as they first appeared. These sites will model their platforms’ appearances based on legal online casinos. Once people sign up and share their personal and financial information, the operators will scam players, taking their money without giving anything in return.
Losing your hard-earned money in an unfair game is hard to swallow, but having your identity stolen is far worse, potentially resulting in thousands of dollars in legal fees to fix. Unfortunately, there are gambling sites with malicious intentions mixed in with the fair sites. These rogue online casinos use a professional appearance and enticing bonuses to get people to sign up and share everything from their name and address to their government-issued ID. The operators will then sell the player’s identity or information to an identity thief.
One of the most common types of online gambling scams is rigged games. Every casino has a house edge, which is the casino’s advantage and allows them to make profits. However, some operators are not content with a small percentage of wins. Instead, they create games that players have no chance of winning. In this way, they steal all the player’s money without having to pay anything in return.
Spyware and Ransomware
Players who like to download online casinos need to be aware of the risk of leaving their devices vulnerable to spyware and ransomware. Computer spyware will spy on your device, stealing financial and personal information without your knowledge. Ransomware is worse because it locks your device under layers of encryption. You’ll receive messages saying your device will be unlocked if you send payment to an offshore bank or cryptocurrency wallet address.
Protecting Your Money and Your Identity
Unfortunately, the risk of scams is not going anywhere. Any time you play an online casino game, you’ll be at risk of losing your money or even your identity. For this reason, it’s important to educate yourself on the possible gambling scams, read professional reviews, and check that the casino has a valid license from a regulated authority.
No matter the number of precautions you take, you may find yourself in a position where it feels impossible to stop gambling, even when you’re only losing money. If you suspect you or a loved one has a gambling problem, you can reach out to 800-GAMBLER. We can help you determine if you’re exhibiting any of the common gambling problem warning signs and then connect you with local Gamblers Anonymous online meetings. A brighter future is just a call away.