Unfortunately, online scam sportsbooks have become an extremely lucrative business in recent years. A great number of fraud bookmakers have appeared on the market and thousands of bettors have lost millions due to illicit practices of these operators.
In some cases scam bookies go bankrupt and cannot compensate punters, which in its nature is not really an outright fraud, but others are designed to deliberately lure you into depositing and never paying back.
Signs to look for
Luckily, there are a few signs you that can help you identify sportsbook fraud and set the alarm bells ringing. These sites have several things in common and if you learn how to recognize them, you will protect yourself from walking straight into the trap. Below are the most common techniques fraud bookmakers use and their common features:
- Scam bookmakers tend to be professionally designed with virtually no suspicious signs. They employ various tactics and techniques to entice new players to sign up and deposit funds. These bookies will usually offer a large number of markets, plus additional attractive incentives. In most cases, the scammers will even provide a live chat service and their representatives will kindly walk you through to the deposit process.
- Scam betting sites usually produce massive marketing campaigns in order to sign people up. For instance, they might call you on the phone asking you to deposit with the promise of an eye-catching bonus or special offer, but it goes without saying that you should not fall for it. The same applies to emails from unknown sportsbooks.
- Another tactic that many rogue sportsbooks apply to steal money from gamblers is to offer higher odds on a certain event and later void the winning bets, stating absurd reasons. The bookie may claim it has made an error or the offered line didn’t have a market value. Sometimes this could be true, but in most cases it is not. Additionally, a common strategy of these bookmakers is to deem you as a professional bettor and cancel all your winnings.
Choose where to sign up wisely
Generally, it is vital to remember that before signing up and depositing funds at a bookmaker, you should make sure that it is licensed and regulated. It is needless to say that you must always make an in-depth research before trusting an operator with your money. Get to know the site by reading different reviews and always check our list of scam betting sites.
In a nutshell, if the site comes with an offer that is too good to be true, then don’t sign up. You are advised to keep in mind the point outlined above and you will be at peace that your bets will be placed in a safe environment.