There are a multitude of online casinos where players wager large sums of money in the hopes of winning millions in return.
In some cases, the majority of and inexperienced players bet their money on any mobile gambling sites without checking the credibility of each of these sites.
Over the past years, many internet casinos have been permanently closed by authorities due to participating in fraudulent activities. In addition, issues involving gamblers who are unable to receive their money continue to arise.
With the growing number of concerns and anomalies in online gambling service providers, players are being constantly warned to be more vigilant.
Researching about the legitimacy of mobile gambling sites before engaging with it is highly urged by authorities. Apart from that, there are also other ways players can determine real from fraudulent online casinos
Here are key indicators of rogue online casinos that players can use as a reference to discern whether to bet their hard-earned savings or not:
1. Missing or Non-Existent License
Gambling license is granted to online casinos that have duly met the standards of licensing authorities. At present, the countries issuing gambling licenses are:
- Alderney
- Belgium
- Costa Rica
- Curacao
- Denmark
- Estonia
- Gibraltar
- Isle of Man
- Italy
- Kahnawake
- Malta
- United Kingdom
The need to acquire a license is not limited to brick-and-mortar stores. Virtual casinos must also acquire one because it indicates that the business is authentic and that it operates under legal circumstances.
Players should note that gambling licenses should not be obscured. It should be placed somewhere where players and visitors can easily see it when they visit the online casino’s website.
Otherwise, the absence of a gambling license implies that the online casino could be involved in illegal matters or unauthorized activities.
2. Slow Payouts
If payments take time to be released, chances are the players are being scammed. As such, there is a high probability that their winnings will not be released unless the culprits are arrested.
Another common scenario under slow payouts is when players receive their prize money but are likewise charged a withdrawal fee of as high as 25%. It is clear that the goal of fake casinos is to gain money from swindling unsuspecting players.
Transacting with licensed casinos is the best option as these casinos have the capability to accept payments from different established payment merchants, including credit cards, online bank transfers, global e-wallets and cryptocurrencies.
If an online casino has limited payment options then take it as a warning sign that the website could be a scam.
3. New Name in the Market
Authorized gambling sites continue to flourish in the fullness of time. It becomes even more active and stable once it has successfully established its “legitimacy” in the business world.
Meanwhile, fraudulent casinos do not thrive for a long period of time. Fraudulent gambling sites would usually exist between six months to one year.
In the event that an online casino’s website shows that it has only existed for less than a year, it would be preferable to look for other sites that are at least five or ten years older to avoid being victimized.
4. Few Games with Myriad of Bonuses
Casino owners continuously think of adding a variety of games that can effectively charm players to stay on their site; hence, sites that offer few and low-quality games suggest unlawfulness.
In addition, the games featured on the site should showcase decent and stunning appearance and graphics. It must be clearly indicated that the game was created and produced by the widely recognized software developers.
Some of the most reputable software and game developers for online casino games are NetEntertainment, Microgaming, NYX Gaming, BetSoft, NextGen Gaming, Play’n Go, Yggdrasil, Evolution, and Ezugi.
In contrast, fake casinos have few games but offer many free spins and high bonuses. This strategy aims to lure gamers who are willing to risk their money.
Once fake casinos have profited millions, these fraudulent businesses disappear almost instantly.
5. Negative Reviews
A reputable casino’s objective is to gain the trust of its players. Deceiving players to their advantage is the last thing that legitimate online casinos intend to do.
But, for fraudulent casinos, damaging the reputation and hacking into the security of their players bears no significance as long as they are able to hoard as much money as they could.
In return, victims of fake online casinos leave bad reviews through customer discussion forums and social media.
It is to be expected that enraged customers of legitimate online casinos also leave bad reviews, but if the reviews for a site are mostly unfavorable then one can be certain that the site is fooling their players.
6. Missing Contact Information
Legitimate online casinos are able to provide their players with all the vital information they need about virtual gambling.
Some of the information that can be found on a legitimate site’s information includes the casino’s contact information or a customer service phone number that players can use for raising their queries or reporting certain problems they encounter on the site.
Other vital information made readily available by real online casinos include a variety of payment options allowed by the website, their privacy policy, user agreement, and disconnection policy.
In a fraudulent online casino, none of these key details are present or accessible in the website. If there are contact numbers or payment options indicated, these information are most likely false or bear limited and vague details.
Players or customers can report fraudulent online casinos and online gambling websites to the Federal Trade Commission (FTC) through the following numbers: 1-877-382-4857 (1-877-FTC-HELP) / 1-866-653-4261. Other steps that players can take to put a stop to fake online casinos can be found here.
Did you find this blog helpful? Share this with your friends to inform them about possible frauds they may be encountering while gambling online. Stay tuned to our blog for more helpful information about online casinos!
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