The Risk of Fraud in Online Gambling

Online Gambling

Online Gambling is the practice of placing wagers on events or games of chance through a virtual platform. It is a growing industry that is increasingly being targeted by fraudsters. Our research found that the risk of fraud in this sector varies dramatically by region. While there is no single way to prevent fraud in the online gambling industry, a combination of best practices can help to reduce the overall risk of the platform.

Typically, all that is needed to gamble online is a computer or smartphone and a reliable internet connection. Players will visit web platforms commonly referred to as ‘online casinos’, choose the game they want to play and place bets with money they load into their account. When they win, the winnings are added to their bankroll and when they lose, the money is deducted from it.

Some people may develop an addiction to gambling, but there are ways to help. Identifying triggers, finding healthy activities to replace gambling and seeking support are all good options. There are also medications that can help with the withdrawal process, but it is important to speak to your doctor about this before trying any of them.

Most legitimate online casinos are licensed and regulated by government bodies. This ensures that they are able to meet certain standards, such as fairness and transparency, which protects players. Additionally, most legitimate online casinos will not rig their games to increase their profits.