The goal of a bookmaker is to make money. They care the least about the players and their profits. Most often, the size of the bookmakers' profit depends on their tricks, which they use to attract players and their bets into their criminal business.
Bookmaker Fraud
Bookmakers deceive players at almost any stage. This can be seen, for example, in the reviews left by commentators. Bookmakers are usually loyal to the depositor until they start earning large sums or winning. As soon as the player becomes wealthy, the bookmaker or the bookmaker's office can immediately reduce their betting limits or even block the withdrawal of money, or the account.
How Bookmakers Cheat
Modern bookmakers have learned various ways to enrich themselves by deceiving their clients. Inexperienced players or novices registered in the casino suffer the most. Fraud is present on both a large scale and in small semi-legal schemes.
There are several ways of cheating that bookmakers use:
- cutting the player's possible limits, most often this trick is applied to those who have started earning steadily from betting, for example, on sports;
- the bookmaker is not profitable with a regular client with stable earnings, almost every bookmaker's office has a fixed rate on certain limits;
- unprofitable promotions or bonuses for beginners, for example, welcome bonuses;
- promotions, discount coupons, and beneficial promo codes, valuable prizes, draws, or attracting referrals. Dishonest bookmakers do not fulfill their obligations regarding the promised promotions;
- returning the amount on a winning bet with odds of 1.0, this way dishonest bookmakers deceive their clients. The essence is that they do not allow winning a large amount of money, citing program errors, apologizing, and offering to return the amount with odds of 1.0;
- placing sports bets instead of the player. Fraudulent bookmakers deliberately bet on losing positions to earn more money;
- refusing to withdraw funds from the player's account. This is one of the most common tricks by dishonest bookmakers. To avoid paying out winnings, bookmakers do not respond to inquiries, require additional documents, or cite incorrect system operation or technical reasons.
Dishonest Bets
The most insidious way of cheating by a bookmaker is through third-party bets. This direction is used by scammers with the most dubious reputation. They do not care when a player registers their account and starts placing bets and even winning. But after some time, they discover their profile has been robbed, with nothing left in the account. The player may notice bets they did not make, with large amounts and odds. It's impossible to prove anything; the fraudulent bookmaker claims the player simply forgot about the bets they once made.
Scam Bookmakers
A scam is fraud or deception carried out by a specific person or group of people towards a single user and usually takes the form of a false promise or sometimes coercion or threat.
Usually, such methods can be used by scam bookmakers. This type of deception involves earning money without allowing the withdrawal of funds for the player who was offered a bet. The most ruthless scam bookmakers are casinos. Large winnings cannot be withdrawn due to additional checks, card blocks, and so on, making the person nervous or lose the winnings again in the same casino.
Fake Bookmaker Sites
Fake bookmakers imitate real ones, only they are less attractive and appealing in design. If users discover fraudulent actions on the site, they leave many negative reviews about the bookmakers' work, then the site quickly closes and a new one is created, imitating a popular one. The most naive people still believe in the scammers, their guarantees about strategies, quick and high earnings, but end up being deceived by the scammers. One should be cautious with such offers.
Signs of Fraud in Bookmakers
To avoid falling for the tricks of bookmaker fraudsters, remember a few positions that will help identify them:
- offer high stakes,
- quick wins,
- suspect matches with canceled bets,
- fixed matches or games,
- reduction of maximum withdrawal limits,
- changing odds without prior notice,
- refusal to withdraw funds from the account,
- account blocking,
- account freezing.
Attention and caution are what those who decide to earn easy money on bookmaker sites need.