Sports betting is one of the most popular hobbies around the globe. To meet the needs of millions of bettors, hundreds of new sportsbooks are launched on a daily basis. Unfortunately for passionate bettors, not all of them have good intentions.
Many of the new sports betting platforms do not play fair, scamming their users through betting scams. Let’s take a look at the most common betting scams you can find in online betting and what you can do to avoid them.
Types of Betting Scams
There are various types of betting scams UK players will come across. We’ll go over the most common betting fraud. Knowing what might happen will help you prevent it from happening to you.
No Payouts
This is the most common type of online betting fraud. You sign up with a brand. After making your deposit, you place your bet, and you win it. The problem then occurs when you want to make your first withdrawal. You are then met with withdrawal issues like delays, additional verification requirements and, in the end, potential account closure. It’s the most common sports betting fraud that you can find online.
Generous Welcome Bonuses
If a welcome bonus sounds too generous, you better read those terms and conditions twice. This is another common way for illegal businesses to take money away from customers. You meet the minimum deposit requirements, and you get the bonus funds, but you can never make a withdrawal. The goal of these fake promos is to get you to make a deposit.
Not Paying Live Betting Wagers
All fans of live betting know how important it is to make the right bet at the right time. Being quick permits you to make a lot of money. However, there’s a problem with that. As the odds are constantly being changed, it is an excuse for many online sports betting scams. Brands refuse payouts, saying that the odds have changed during the game. That makes a regular bet illegitimate, and payouts are denied because of it.
Terms and Conditions Updates
Have you just logged in and seen an update on the new terms and conditions? You better read it, as it might apply to a bonus you have claimed or a bet you have placed. This is a common strategy that brands use to scam their users, making their bets void.
How to Avoid Betting Scams
Luckily, avoiding betting scams is pretty easy once you know which points to pay attention to. Here are the most important ones to consider.
Pick Fully Regulated Sites
The number one tip to follow is website licensing. All reputable sites display their licensing in the footer of the site. If you take a closer look at brands mentioned on https://nongamstopbetting.info/, which deals strictly with safe sportsbooks, you’ll notice that they’re fully registered businesses holding licenses from strict gambling authorities. This means that these sportsbooks go through a detailed audit of their platforms to ensure that they are fair.
Read User Reviews
User reviews are another valuable tip to follow. Find platforms that specialise in brand reviews, such as Trust Pilot. Read the reviews before signing up. Another place to visit is the official Google and Apple stores, where you can also find reviews.
Pay Attention to Terms and Conditions
Sometimes, the devil is in the details. Even if you feel scammed, this isn’t always the case, as brands include all sorts of rules in the offer’s terms and conditions. Take your time and read every sentence thoroughly. That’s the only way to make sure that you’re following a promo’s rules, allowing you to make the best use of your bonus credits.
What to Do If You’ve Fallen Victim to a Betting Scam
Knowing what to do when the crisis hits is essential. While many people know who to turn to when they are stalked, no many know how to approach betting scams. Reaching out to customer service might be helpful when we’re talking about respectable brands, as errors can happen to anyone, but with illegal businesses, this will not be helpful.
Try reaching out to customer protection agencies and the gambling authority that governs the licence of the particular brand. These are the best bets for getting some sort of answer and help. While it might not allow you to get your money back, it might block the site from operating any further, protecting other players.
Visit all the review platforms and leave your experience with the brand. Warning other players is the best thing you can do, preventing them from experiencing the same faith like you.
