Gambling and casinos have been around for centuries. With the advent of the internet and cryptos, online gambling sites, like crypto sports betting sites, have become increasingly popular. While most online sites are legitimate businesses, there are a few that are not. These fraudulent casinos can cause a lot of damage to unsuspecting players, so it is a must to be able to identify them. So we’ve outlined four signs of an online casino scam and how you can protect yourself against them. Let’s get started.
No License Presented or Fake License
The first sign of online casino fraud is the absence of a license. All legitimate casinos are required to have a gambling license. This is to ensure that they follow the rules and regulations set by the gaming commission. Without a license, there’s no way to hold them accountable for their actions. A fake license is another sign of fraud. Be sure to check the licensing information of the casino before you play. You can usually find this information on their website or in their terms and conditions. So, if an online casino is not licensed or if it has a fake license, it is best to avoid playing there altogether.
No RTP Information
RTP stands for return to player. It is the percentage of money that a casino game returns to players over time. All legitimate casinos will readily have this information on their website or in their terms and conditions. The absence of RTP information is a sign that the casino might be trying to hide something. They could be using rigged games, or they could be withholding winnings from players. So, if you can’t find RTP information on a casino’s website, it is best to look elsewhere.
No Customer Support
Another sign of online casino fraud is the absence of customer support. Legitimate casinos will always have someone available to help their players with any issues they might have. Whether by phone, email, or live chat, there should always be someone available to help you. It is a red flag if a casino does not have customer support. It is because they do not care about their players and are not interested in solving any problems you might have. That said, if you can’t find customer support on a casino’s website, it is best to avoid playing there.
Limited, Suspicious Payment Methods
Did you know that if you’re using a credit card to deposit money into an online casino, your bank can actually reverse the charges if they suspect fraud? That’s because the law requires banks to protect their customers from fraud. So, a casino that only accepts certain payment methods is a red flag. It could be because they are trying to avoid detection or not interested in giving their players the best experience. In either case, avoiding playing at a casino that only accepts limited payment methods is best.
These are just four of the many signs of online casino fraud. If you’re ever unsure about a casino, it is always best to err on the side of caution and avoid playing there. After all, it’s your hard-earned money that you’re gambling with. So, do your research and only play at reputable casinos. Stay safe out there.