Online Gambling is the act of placing a bet or wager via the internet. It has become a hugely popular pastime worldwide, and there are now many different gambling sites to choose from. These platforms offer a range of games and betting options that are not available in brick-and-mortar casinos. Some even have live dealers for a more authentic experience!
Unlike land-based casinos, online gambling is accessible 24/7 and can be played on any device. While this accessibility is a positive, it can also make it easy for gamblers to lose control of their spending and can lead to problem gambling behaviour. In addition, online gambling can be conducted in isolation, making it hard for gamblers to monitor their playing habits.
Fraud is a major issue for online casino operators. Whether it’s chargebacks, bonuses that aren’t paid out or wasting time chasing bad players, fraud is a massive pain point for the industry. SEON can help prevent fraud by acting as a pre-KYC check that safely weeds out the fraudsters, reducing costs and improving operational efficiency.
The best way to protect yourself when gambling online is to never play with money that you cannot afford to lose. Decide on a fixed amount that you are willing to spend before starting to gamble, and stop once you reach this limit. This will also help you avoid making the common mistake of trying to win back lost funds, which can often lead to bigger losses and increased problem gambling behaviour.