Online Gambling involves placing bets on events such as sports, horse races or casino games via the Internet. It is a form of gambling that has grown in popularity over the past two decades as technology has evolved. It is a safe and convenient way to gamble without the need for travel. In addition to this, it offers players a range of bonuses that can be used to boost their bankrolls.
However, it is important to be aware of the risks associated with this type of gambling. While it may provide access to a wider variety of betting products and more choices, the risks are also greater than those of traditional gambling activities. For example, the risk of gambling addiction increases with increased involvement in online gaming. Moreover, the Internet provides a platform for the development of tools and resources to support responsible gambling including expenditure tracking, self-set spending limits and time outs. Furthermore, operators can enact strategies such as targeted notifications (e.g. pop-up messages) based on patterns of play to identify and contact at-risk customers.
Fraud is costly for Online Gambling sites, as it results in lost revenue from chargebacks and forfeited bonuses. It can also lead to the delay of payments and can result in a negative impact on brand image. This is why SEON enables operators to save money by acting as a pre-KYC check and weeding out fraudsters from the get-go, rather than running full document verification/KYC checks for players who are likely to fail.