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How to spot a Betting Scam

Although most bookmakers are entirely reputable, where there are sums of money being transferred, there will also be betting scams. To fully enjoy the experience of betting on eSports, there are certain steps you can take to protect yourself.

How to Spot a Scam:

  • A genuine bookie must display its operating licence on its website and in retail shops. If this information is not provided, you should avoid handing over your cash. You could ask the bookmaker to provide the details and, if they will not, avoid at all costs.
  • Skin betting has become popular in eSports recently, with players wagering in-game upgrades and items as a kind of virtual currency, withdrawing the funds by selling them off at a game’s marketplace for real cash. This type of betting is completely unregulated, meaning you have no comeback if you are scammed. It has also led to stories of children being involved in betting activity, which is completely unacceptable.
  • A poor quality website, with spelling errors and poor graphics, could be an indicator that it is not a legitimate operation. However, some advanced scammers could hide their intentions behind a slick page, so you should still check out their licensing information.
  • Take a look at online reviews of a bookmaker. Even the best operators will garner a few negative comments, but if the majority are troubling, you should be wary. Are reviewers citing the same problems again and again? If so, avoid that company.
  • Is a bookmaker’s first deposit bonus ludicrously generous? If so, proceed with caution. Once you have deposited your cash with a fraudulent site, it is difficult to retrieve. Don’t be tempted by sites offering a £1,000 bonus for funding your account with £50 – that is just not realistic.

You are safest sticking with reputable bookmakers who have a duty to act fairly towards their customers, with the weight of the Gambling Commission able to fall on them if they do not. Once again, if an offer seems too good to be true, it probably is.