With the improvement in technology all across the globe, online gambling scams have started to increase on a daily basis. While First Option Recovery has dealt with a lot of them on a regular basis now, their team of experts have noticed that there are a lot more nuances in the online casino trade. First Option Recovery, a firm dedicated to eradicating online gambling scams all over the world, is a team of dignified personnel consisting of the best attorneys (over 128 by the way), banking advisors and private investigators who work round the clock to help you recover your funds. With a presence in over 22+ countries and having recovered over $19 million for 2300+ happy clients, we are positioned to be the best fund recovery firm in the world.
Some of the most common online gambling scams are as follows:
Rigged Play Money Algorithm
If you are new to the online gambling world, you need to realize that every online casino lets you play initially with play money and then only with real money. However, little do the players know that the algorithm is different for Play money and Real Money, with the latter algorithm suited for the online casino. Take for example, when you are playing Roulette, it might almost be a 50-50 when you are betting on a color (maybe black/red). Imagine you bet on red each time and you will see that it hits black every single time. After a few bets, when you change it to black, it is going to hit red. The chances of it hitting the same color every time are extremely minimal. This clearly proves that when you play with real money the system is often rigged as described by many.
Every casino tries to sign up new customers on a daily basis and the best way to bring them in is by offering insane bonuses. A lot of customers don’t like to sign up for an online casino if it doesn’t see any good offers in the hood. It is that exact stage of emotional quotients that the casinos bank on. The human mind is trained to invest their money where there are a lot of bonuses in hand so that they can win as much money as they can. Unfortunately, the real game starts once you deposit the money. That is when you try to cash in the bonuses and the company won’t let you do so unless and until you make a bigger deposit as soon as possible. You end up depositing more money for your greed of earning more and as an end result, you lose it all at one go.
Credit Card Frauds
This is pretty common among all online casinos where all they want is to steal your credit card information as soon as you end up providing it to them. Initially, you are lured into their offers that they are providing, and end up paying for it. You try to win with the Play Money that is being provided to you and you end up doing do because of the rigged algorithm that is associated with the Play Money. Then you make a deposit using your credit card and soon after playing for some time, you realize that you have lost your money, not only via gambling but via your credit card as well. Hence, it is always suggested to do thorough research before disclosing your credit card information to anyone.
Fake affiliate links and unfair practices
A lot of casino sites have an affiliate link where if one signs up for that particular link, the person gets a small commission out of the lot. However, a lot of unfair practices have been in the business due to the affiliate links where often it is seen that the payouts are not given at a regular interval, nor does the person receive any notification when a person signs up using that link. In case the casino site that you have signed up for offers the same situation, we highly suggest you to move out of it in a hurry.
What to do when you lose your money to online gambling scams?
Gambling is an interesting hobby that a lot of young players have cultivated, however just like every other game, gambling, especially poker and blackjack, is a game of skill, mastery and experience. If you have the necessary skills of the trade, you can be assured of winning big in this game. However, a lot of them still end up losing, not because they lack the necessary skill set but because the online casino itself is running a scam. In such cases, instead of filing a complaint, it is better for you to contact us directly at First Option Recovery. We, as a fund recovery group, have been quite active in recovering funds from online casino scams for a long time now and we have the best team in the business to deal with such issues in the long run. We have the best customer service and we are expecting a mail from you any time soon if you have been a victim of just another online gambling site.