7 Types of Online Gambling Scams You Need To Avoid
In the world of online gambling, it is easy to get lost in the enormous amounts of available options. This makes it very easy for the most unskilled and most unlucky people among us to fall prey to scams that can cost thousands of dollars each and every day.
For example, you may have seen an advertisement for a “guaranteed” win or a “risk-free” betting system. Or maybe you’ve been contacted by a “friendly” gambler who seems to know everything about the game and wants to help you make some money.
These are all scams, and they’re just a few of the many tricks that online scammers use to steal your money. So, how can you protect yourself? Here are seven of the most common types of online gambling scams and how to avoid them:
Phishing scams are very popular ways for fraudsters to try to get access to your personal information. A phishing scam typically starts with a rogue website that mimics the real gambling site you’re using. This is why it’s important to only ever play at licensed, legitimate online gambling singapore sites for example.
You’ll be asked for log-in details or other personal information which will then be used to steal your money or identity.
Fake Winnings Scams
In a fake winnings scam, you’ll be promised a large payout if you just deposit a small amount of money first. Of course, the “win” never comes and you lose the money you deposited.
Credit Card Fraud Scams
When you make a deposit with your credit card, the money doesn’t immediately go into your online gambling account. It actually stays in an account controlled by the casino which is why this type of scam is so popular.
The only transactions that are processed by the casino are withdrawals. A fraudster may be able to intercept whatever information is being sent between your computer and the casino’s servers to take control of your account.
Identity Theft Scams
Identity theft, where a person or a business pretends to be someone else in order to steal money or information from them, is also very common when you’re gambling online.
Fraudsters can use keystroke loggers to monitor your keystrokes and see exactly what you’re typing. This includes log-in information, passwords, and credit card details.
Hackers can also try to access your private information or online gambling account by taking control of the casino servers with malware and viruses which they’ve already infected them with.
With this type of scam, the casino itself is responsible for stealing your money instead of an outside fraudster. This can happen if someone high up in management at the casino sends altered banking information to the bank where you’re making your deposits or withdrawals which will result in them taking control of your account.
Bonus scams are very common in the online gambling world. Sometimes, you may be offered a bonus that seems too good to be true. This is because it probably is! In order to receive the bonus, you’ll likely need to make a deposit and then wager a large amount of money. However, you’ll never be able to withdraw the bonus or the winnings it generates.
By being aware of these different types of online gambling scams, you can protect yourself from becoming a victim. Remember to only play and bet at licensed and reputable online gambling singapore-based sites, keep your personal information safe, and never deposit more money than you can afford to lose.