Bookmaking organizations are companies that provide clients with the opportunity to place bets. It is well known that the most popular type of bets is sports betting, but they can also be related to cultural, political, economic, and other events. However, at the moment there are many options for how bookmakers deceive.
Since the main goal of bookmaker companies is to make a profit, they often use various schemes to deceive clients. Here, the most popular types of fraud and the points to pay attention to when cooperating with bookmakers will be described.
Methods of Fraud in Bookmakers
One of the most common types of deception in betting is false bonus rewards and promotional offers. The essence is that the company guarantees users to receive, for example, a welcome bonus, various promo codes, and other incentives. At first glance, this may seem like a great offer, but in reality, it often turns out that the terms of these promotions are simply unattainable and have additional nuances. For example, a bettor can get a bonus only if their bet has a specific outcome.
Also, scam bookmakers use another common scheme of deception, such as low odds. It looks as follows: users who have not yet completed the registration process on the portal see favorable odds.
These offers are very tempting, but only those who have been betting for a long time find them unavailable. And they are offered to make investments with much lower odds.
Documentary Inaccuracies of Bookmaking Organizations
Fake bookmaker sites often contain a large amount of documentation, but in addition to the main points, there are many sub-points. This way bettors may not thoroughly familiarize themselves with all the documents, which benefits the bookmakers themselves. As a result, the company can accuse the client of violating the rules and take money from their account without specifying what exactly the user violated. Also, after that, the bettor's account may be blocked or deleted altogether.
Dishonest Bets on Inactive Accounts
If a client creates an account and does not log in for some time, they may face an unpleasant surprise when they log in. Bookmakers often use users' accounts to place bets on matches that are knowingly unprofitable for them. At the same time, the player, upon entering their account, may notice changes in the balance and forecasts they did not make. However, it is impossible to prove anything here, as the bets were made directly from the bettor's personal page.
Bookmakers' fraud can also manifest in their refusal to pay out bettors' profits.
This scheme looks as follows:
- the bookmaker requests clients to provide an additional list of documents;
- the user provides all the necessary documentation but still cannot withdraw money;
- the company reports that the funds cannot be withdrawn due to a technical malfunction;
- the bettor loses access to their personal page, and accordingly, to the money on it;
- the client sends an appeal and tries to contact the technical support service, but their requests are ignored.
Thus, all the player's money and all their income remain in the bookmaker's account, and the client cannot prove their case.
The last fraudulent scheme will be one of the most popular, namely cutting limits for bettors. Since it is unprofitable for a bookmaker when a player wins all the time, they resort to various manipulations. And this is one of them. Betting limits vary not only depending on the organization but also on the scale of the event. Therefore, companies resort to reducing the maximum limits for users, which negatively affects the size of their winnings.
Signs of Fraud with Bookmakers
In conclusion, it is worth noting that when choosing a bookmaker for betting, you should pay attention to such points that may indicate fraud:
- payment of additional commissions;
- making payments to personal bank cards;
- requirement to top up the balance immediately with large amounts;
- refusal to withdraw income.
Various manipulations and fraudulent schemes are very popular in the bookmaker industry. Therefore, before deciding where clients want to place bets, it is necessary to thoroughly study all the key legal documentation. And also choose reliable organizations for cooperation.