Risks Associated with Internet Gambling

Abstract

The anonymous nature of Internet gambling and lack of rigorous regulation make online gamblers susceptible to specific risks. Disputes with online gambling sites can occur and examples are discussed including unfair games, player deposits and winnings not being returned, identity theft, and cheating by players. Internet gambling sites can be used for criminal purposes and operators and regulators must take measures to protect players and detect any illegal activity. Potential cheating includes inside information being used to set odds and cheating by players, officials or other involved individuals to win bets. Such cheating can take advantage of players and online sites and is increasingly monitored. This chapter outlines ways in which online gambling sites and operators can act to reduce risks to players and demonstrate the safety and security of their sites as well as ways in which players can minimize their own risks.