The victims can be either the house/gambling site or its punters. ![]() The same principle that is behind these kinds of techniques has inspired fraud in the online gambling world.įraudsters utilize a range of scenarios to come out ahead, which are discussed below. ![]() Most people understand how sleight of hand and trickery can tip the odds of a game. The rules around online gambling are designed to make games fair, but they can be bent or broken by fraudsters looking to increase their winnings.įraudsters have been targeting casinos and other gambling institutions for years. Online gambling fraud is any instance where a rogue actor manipulates or exploits an internet gambling site for their gain. Protecting your business and customers from the effects of online gambling fraud is more important than ever for gambling websites. A general increase in internet usage has spurred dramatic growth in the value of all types of cybercrime - up 300 percent.Ī multi-billion dollar industry is driving more business owners to protect themselves with online fraud prevention. ![]() However, as things become more popular with punters (or players), they also attract the attention of scammers. Pandemic lockdowns drove people towards at-home activities, and gambling sites were one of many beneficiaries. Online gambling was more popular than ever in 2020.
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