What are the risks of playing in an online casino?

12/26/2012

While gambling itself is associated with some risks, online casinos come with additional risks that you need to keep in mind. Scammers are roving the Internet in search of novices who may not be too careful, so that they can take advantage of their lack of caution. Playing in an online casino is definitely more convenient than actually visiting one, but be mindful of the risks involved and like the much clichéd but true saying, “it is better to be safe than to be sorry.”

Find out if the website you are visiting is legitimate. Flashy advertisements and apparently great offers that some fraudulent websites put up can be a trap. A lot of scammers know exactly how to replicate the layout of a legitimate site and make it look like the original. One way you can be sure of not falling into this trap is to go through a trusted organization to find a legitimate online casino. One such organization is the Interactive Gaming Commission.

Don’t put in any money unless you’ve thoroughly investigated the website. Scammers are known to change the name of their website quite often so that they don’t get caught. Not investigating a site properly may lead to your losing a lot of money before you even realize it. Another pitfall of online casinos, as it is with regular gambling, is that there is a high likelihood of getting addicted. When you find yourself playing only for making more and more money rather than just for the entertainment, you’re well on your way to addiction.

Safety of your e-wallet or credit card information is something that you need to be absolutely sure of. Enquire if the website is using credible software for encryption of the information. Also, don’t randomly divulge your information to persons claiming that it is for a valid reason. Do your research and get information on the transparency of these casinos before you start playing.

After you’re sure that it’s a safe bet to play in the online casino you have chosen, set yourself a budget and a time limit, and stick to it. These are things that are very easy to lose track of, and you may end up losing more than you can afford to. So the key here is, do your research, know your limits, and don’t treat it as a means of livelihood!