Remember, online casinos and gambling sites are profitable without cheating. They can make more money by running honest operations and turning a consistent profit than they can by stealing from players for a short time and getting blacklisted.
Overall, online gambling is safe. As long as you do a little bit of research and pay attention, the odds of getting cheated are about the same as the odds of getting robbed on the way to or from a regular casino.
Many times, we make the mistake of believing that a trip to a land-based casino is 100% safe and that there’s no chance the casino will do something like cheat. But the fact is that people get mugged and stolen from every day. Sometimes even the places we trust do things that aren’t in our best interest.
I’ve played at dozens of online gambling sites over the years and have visited dozens of land-based gambling establishments. I’ve had a couple of bad experiences, but overall, the safety and security of online and land-based gambling is about the same in my experience.
The best way to protect your money when gambling online is actually simple. All you need to do is set up a separate or segregated bank account to only use for gambling. Of course, there are dozens of possible deposit methods available to online gamblers depending on where they live, but all of them require currency in one form or another.
I set up a second checking account in my main bank, but you could take this a step further and set up an account in a different bank. Most checking accounts now come with a free debit card, so you have faster access to your funds.
Many online gambling sites accept bitcoin. If you want to go this route, you can set up a secure local bitcoin wallet for all of your gambling activities. If you use bitcoin for anything other than gambling, you should set up a wallet for everything else and one that you use specifically for gambling.
Another option is to get a credit card that you only use for gambling. Most online gambling sites accept Visa and/or MasterCard deposits. Credit cards have the added benefit of offering protection from most fraudulent transactions, so if something does go wrong, you have protections in place.