Online gambling is more popular than ever. With the wagering figures tied to this market, it’s no surprise that the industry’s size is expected to grow from $103 billion in 2025 to $169 billion in 2030. But as this sector’s value and popularity increases, so do the risks of scams.
This detailed guide sheds light on the major online gambling scams and how you can avoid them. We’ll also deliver context on what to do if you’ve fallen victim to any of these scams.
Online Gambling Scams: Popular Variants to Note
Scams in the online gambling industry come in different forms. However, here are some of the most common variations we’ve encountered:
Fake Websites
This ranks as one of the major scams in the virtual wagering world. Fake websites usually mimic the look and feel of functional and regulated gambling sites. For context, you can register, fund your account, and play games without any problems.
However, issues arise when you want to process withdrawals. These platforms restrict all payout requests. So, you won’t receive funds no matter how many complaints you make.
HOW TO AVOID: Before creating an account at any online casino, verify its license by clicking on the seal. If it doesn’t redirect you to the regulatory body’s website, it’s fake. Avoid the site at all costs.
Phishing Scams
Some cyber criminals can get information about the casino you’re playing at. As such, they can send an email with a letterhead of your favorite gambling site, prompting you to click a link to verify your account.
If you hit this URL, you’ll be transferred to a site that mirrors the actual online casino and spot a segment to insert your login credentials.
Once you do enter these details, scammers can log into your account and withdraw funds without your authorization. If you’ve got no money, they could harvest your personal details and sell them to the highest bidder.
HOW TO AVOID: Don’t click on links sent to your email address. If you’re uncertain, send a message to online casino support and they’ll let you know if that message is genuine or not.
Promotion Scams
Some sites can pull off promotion scams. These portals can put up bonuses with otherworldly values to attract unsuspecting players.
After activating the offer, you’d notice it’s available for a limited timeline and has a sky-high wagering requirement (i.e., 80x and 100x) that makes bonus withdrawal practically impossible.
HOW TO AVOID: Always read the terms and conditions of a bonus. That way, you can see if featured caveats align with your gambling preferences.
Withdrawal Limitations
Some sites restrict players from withdrawing funds. This scenario usually takes place when the bettor has made a big win.
Once that happens, they can conjure up unattainable payout conditions or assert that the bet was void since the player flouted some non-existent terms and conditions.
HOW TO AVOID: Read reviews before you sign up at an online casino to see if players have made negative remarks about the site’s operations.
Have You Been Scammed? Here’s What You Can Do
Some people might be unlucky and be victims of the above scams. If that’s you, here are some things you can do:
- Stop Usage: Don’t transact or play games on the site anymore.
- Report to the Relevant Authorities: If you’re playing at a licensed site, report them to the entity that issued the certification.
- Call Your Bank: If you notice your bank information has been compromised, call your financial institution to suspend your account or update your login details.
- Warn Other Players: Write a report detailing your experience at an online casino on iGaming review sites. That way, other players can see it and steer clear.
Conclusion
The online gambling sector delivers entertainment and rewards. However, there are several risks involved. To avoid the scams listed in this article, stay informed and remain vigilant. Don’t click on unknown links and don’t visit unlicensed sites.
