There are so many scams and rip-offs when you gamble online. Gangsters cash in money via stolen credit cards or fake identities; stash it in gambling websites; then pass it on in many bets or wire transfers to conceal it from authorities.
Bonus abuse (again, the illegal practice of not paying your bonuses according to the terms and conditions of the casino) results in a banishment and forfeiture of winnings.
Rigged games
Rigged games on the internet casino gaming are not good for the player as they bring loss of money and lose user’s trust. Rigged games can also put a gambler at risk and open criminal cases against the site.
There’s chip dumping, in which different accounts compete against each other to rig odds, and device farming and location spoofing where the game helps to rig odds for you.
Players who play in rigged games could get banned for months and other sanctions such as being unable to use credit cards or payments options to gamble on the official online casinos.
Bonus abuse
Casinos online normally offer some very attractive bonuses and promotions to attract new customers, but these bonuses and promotions can be very bad for the game if the gamblers misuse them to get rich – this is bonus abuse and it can leave the gaming sites with a huge loss.
Cheaters use various tricks to abuse casinos’ promotions and go unnoticed — for example, setting up more than one account to get the bonus, relying on the idiocy of terms and conditions, or designing ways to play the wagering requirement sequentially. They’re cheaters who hurt the real players because their tricks mean fewer rules and fewer bonuses for everyone.
To mitigate this risk, iGaming platforms can use advanced identity verification tools that alert on fraudulent account activity and trigger KYC due to risk calculations as well as tracking of changes in user behavior to identify abuse cases.
Promotional fraud
While promotions are one of the most important elements online casinos use to attract and retain players, online casinos must also guard against predatory practices that may harm player accounts: rigged games, payment attack, and hidden funds in gambling accounts – the latter particularly bad for players who depend on winnings to cover bills and expenses. That might be a violation of the Philippine consumer protection act (article 315 of the Revised Penal Code regarding estafa (swindling).
Promotional abuse is another common type of online casino fraud, in which scammers leverage the fact that players have access to gaming software to get their personal and financial information, use it to charge back, enfraud or phish users – all the more so when operators are required to verify users under Know Your Customer laws.
Predatory practices
Online casino predatory games like deceptive advertising, games that are not fair and unjust terms and conditions can also damage players. Such infractions can lead to scamming, identity theft and grief for the right players – not to mention damage to the trust of customers and loss of revenue for the website.
The anonymity afforded by online gambling can also be used by thieves to conceal hacked credit card numbers and perform other crimes. They can work in pairs to win games or host secret tournaments to transfer criminal proceeds from one player to the next.
Predatory pricing could help consumers to save money at first, by providing discounts, but do irreversible damage: there is a dearth of competition and innovation in an industry, which means more expensive products and services for customers.
Legality
Unfair casino dealings can not only devastate casinos’ bottom line but do a lot of damage to the reputation of casinos, driving away real players and destroying the entire business. It’s not only that criminal penalties can be brought against online gambling operators for fraud or cheating by virtue of cybercrime legislation incorporating extraterritorial jurisdiction.
Gaming legal online casinos generate significant revenue which can be taxed by the government for public services and infrastructure projects so players can enjoy fair play. For players, casinos are obliged to comply with compliance rules and, if operators don’t, they may be fined heftily by regulators at the national or EU level and even have their licences suspended or cancelled in violation of the rule.
