Casino Scams

Gambling can be a form of entertainment for some thrill-seekers. Whether it is a trip to Vegas or sports betting, gambling can be a safe way to have fun as long as you do not gamble any money you can’t afford to lose. 

Unfortunately, this is not the case with many of the people who fall prey to online casino scams. Some casino sites are designed to steal money from customers. The site may have all of the bells and whistles of the legitimate casino site, but scammers use tricks to ensure that they will always get the money. They function like forex trading scams or other types of fraud.

In this risky environment, you need to stay safe. Trader Defense Advisory experts will help you recover from casino scams, forex scams, and other forms of fraud. Contact TDA experts who are experienced in combating scams and provide guidance in the fund recovery process.

The Difference Between Legitimate Gambling Sites and Casino Scams

There are people who look askance at gambling in any circumstances, but the truth is that there are some casino sites that are legitimate and are do not set out to rob users. You can find reviews online for legit casino sites. When you are looking for reliable online gambling sites, ensure they have the following features:

  • A solid reputation
  • Various payment options
  • Secure website, encryption for sensitive data
  • Clearly stated and fair payout policy
  • Responsive customer service

Many online casino scams happen with fly-by-night operations that do not have a significant online presence. A casino that has been around a while with authentic positive reviews from people who have had winnings should inspire confidence. A casino site should provide various payment options. If they ask for payment only in cryptocurrencies that may indicate they have something to hide. 

Check that the casino website is secure and that it uses encryption of sensitive personal data. Look at the website carefully and ensure that there is a clearly stated withdrawal policy. There is no guarantee that the site will honor these policies, but at least ensure that some standards are there. Test customer service to ensure it is responsive, informative, and prompt. Poor, evasive, and abrupt customer service is a telltale sign of scams of all kinds, including casino scams and forex scams.

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5 Ways Online Casino Scams Steal Your Money

Scam artists, whether they run forex trading scams or casino frauds, tend to employ the same methods. There may be slight variations, but if you recognize any of these activities, you may be on the right track suspecting a casino scam. 

  1. Keeping Deposits
  2. Rigged Machines
  3. Phishing
  4. Keeping Winnings
  5. Malware

The laziest of casino scams are those that do not actually do anything with customers’ money but put it in their pocket. No money is being gambled, but the slot machine is just a game without real wins or losses. The scammers will keep telling the victim that they are losing time and time again. When the user starts getting suspicious that they cannot possibly lose this many times in a row, they will suddenly get locked out of an account or similarly ghosted. 

In some cases, the fake casino scam has to make it seem like the user is winning now and again to hold his or her interest. Also, if they win sometimes, they are more likely to gamble more money. In these cases, online or offline casino scams will use rigged machines. 

This means they will let the user win for a certain period of time, encourage them to bet double or nothing, and take it all from them. These casino scams are like forex trading scams in which the trader will make a few winning trades, but the broker will rig it to make sure the money is lost. 

One of the cruelest types of casino scams is the kind that lets the player think they have won a large amount. This will encourage them to gamble more money and encourage others to play. Once the gambler gets others on board, the casino scam will then lock out the player and keep all of their winnings. 

By that time, they have gambled more than they intended to initially and so have their friends. This can make the casino scams more money than if they present consistent losses and can be devastating for players. 

Other casino scammers are multi-faceted. They will pocket the initial funds for bets and at the same time find ways to steal data from users. This means that the customer will not only lose all the money he gambled but can be cheated again when the scam artists hack into their bank account or make transactions on their credit card. 

People are often scammed more than once because not only is their money stolen but their data is also taken in phishing scams. This happens not only with casino scams but forex trading scams and crypto frauds. A persona may think they have been targeted by several scams not realizing that it is the same mastermind behind several frauds, including identity theft. 

Another tactic used by casino scams is injecting malware or spyware into the computers of their victims. All they do is to have their customers click on a link and or download something and they can gain access to users’ computers. From there, they can spy on the user and retrieve sensitive data or log keystrokes to detect passwords. 

Although there are legitimate gambling opportunities in online and offline casinos, there are many casino frauds to watch out for. If you have lost money to one of these scams, speak to Trader Defense Advisory. Our team provides solutions for those who have been robbed by casino scams, forex trading scams, and other fraudulent schemes.

Have You Lost Money in a Casino Scam? Talk to TDA Experts Today

If you have been the target of a casino scam or a forex scam, talk to Trader Defense Advisory. Our team of experts has vast combined experience combating all types of frauds. Consult with us and we will create a claim and help you get started on the path to fund recovery.