Online gambling is naturally risky which is part of the excitement and thrill. With the passage of time, it is now amongst the most profitable industries on the online world. Improvements and continuous innovations in technology have made online gambling games and betting options more accessible and convenient to play. Because of these, even individuals who aren’t essentially gamblers also try their luck in this flourishing industry. Whether it is casino games, sports betting, poker, or the lottery, there is definitely something that you will find which you will enjoy and love.
With the rapid growth of online gambling, providing more methods of online payment has become necessary. Among the payment methods that online gambling sites support include credit and debit cards, wire transfers, money orders, electronic checks, certified checks, e-wallets, and even cryptocurrencies. With the diversity of available payment options, there is a high rate of scams and frauds in the only gambling industry, which isn’t a surprise.
Stay Clear Of Scams and Frauds, Choose Legal Online Gambling Sites
So as to avoid scams and frauds when engaging in online gambling, one way is to only choose to play and place your wagers on legal online gambling sites and platforms. However, it can be taxing to find a legitimate online gambling site with the ever-increasing number of them appearing on the internet.
In order to check the legitimacy and reliability of an online gambling site, the Kangkang Agency make certain these sites are eat-and-run verification completed. This indicates that the site is checked for authenticity, making sure that it has the proper valid license from recognized authorities that issue an online gambling license to prove their legality.
By playing and betting on a legitimate online gambling site, you ensure your safety and security as eat-and-run verified sites are not only checked for authenticity and legality, but are also checked for scams or frauds by looking into its history. If any scam or fraud is found, the site is included in the list of scam sites for others to be wary.
Their customer support team and technical support team are reachable and ready to answer any general queries as well as help resolve any technical concerns for a smooth and enjoyable online gambling experience.
Online Gambling Fraud and Scams to Watch Out For
Any game of chance, from online casinos to online sports betting, may be infiltrated by online gambling frauds and scams. Some of the types of online gambling frauds and scams that may befall includes:
- Game Rigging, Sports Fixing, or Match Fixing. This is where a game is played to get a pre-determined outcome that benefits scammers without regard for and causing damage to bookmakers.
- Betting Fraud. Insider information are offered by scammers with the promise of gambling profits for certain fees.
- Collusive Gaming. Poker bots are used by players. If not, players connive with others so as to form deceitful gaming policies.
- Credit Card Fraud. Some scammers make use of details from credit cards to purchase online gambling gift cards and other items and/or replenish an online gambling account.
- Identity Theft. Online thieves were successful at stealing over $107 billion from individuals through online fraud. While a small percentage was done by online casino scammers, it could still happen. Some online casinos only exist to gather from its users as much data and information as possible, which they will use in numerous nefarious ways, or sell that information on the black market for fellow criminals to purchase.