Sports betting scam

Sports betting scam

Photo: ferenc isza / AFP via Getty Images.

Uefa Euro 2020 kicks off on Friday after being delayed for a year due to the outbreak of the coronavirus pandemic.

It is running from 11 June to the final at Wembley in London on 11 July, across 11 different countries.

Some of the other host cities include Glasgow, Amsterdam, Bucharest, Budapest, Copenhagen, Munich and Rome.

As with most sporting events, the competition will see a huge amount of sports betting, and although it is a legitimate industry, there will be a number of scammers looking to take advantage of people eager to place a bet.

Here are the top things to look out for: Fraud and identity theft, fraud can happen both on and offline, however, online fraudulent activity has been on the rise since the pandemic forced people to stay at home and conduct more activities online.

Ensuring you are betting with a reputable online provider can reduce the risk of scams, as well as making sure websites are not asking for unnecessary banking information or other personal information such as your passport number, home address or telephone number.

Read more: UK investment fraud reports jump by a third as criminals exploit covid pandemic.

It is recommended that you search for the bookmakers licence details if you are unsure.

Not all betting sites are regulated within strict authorities and it is advised to stay away from such bookmakers.

The most respected iGaming authorities include the MGA, GLA and the ukgc, and most websites list their licensing authority at the bottom of their homepage.

Photo: Joaquin Corchero / AFP7 via Getty Images.

Extravagant offers, if a sportsbook offers a sign up bonus that seems too good to be true, chances are that it is and they are trying to lure in unsuspecting people.

Be careful if you are also contacted on the phone or by e-mail with a lucrative sign up offer or promotion by an operator you have not previously dealt with.
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