The Ongoing Battle Against Bonus Abuse in the Gambling Industry
Date: 2023-12-23 Author: Dima Zakharov Categories: CASINO
The Unending Challenge of Bonus Abuse
In the high-stakes world of gambling, the allure of outsmarting the house has persisted for centuries. However, even with sophisticated fraud prevention, verification, and payment risk management tools, the gambling industry is still plagued by fraudsters exploiting bonuses.
The Moral Ambiguity of Bonus Abuse
The gambling industry's reputation often attracts individuals willing to cross ethical boundaries. Hollywood movies and real-life stories have glorified the cunning of these bonus abusers. It's seen as an intellectual battle against capitalism.
The Case of Jonathan Howard
Consider Jonathan Howard, a UK resident jailed for bonus abuse. He might not view his actions as wrong due to moral ambiguity and the potential for massive profits.
The Elusive Solution
Despite numerous fraud and verification tools available, the battle against bonus abuse continues. Fraudsters find ways to bypass security solutions, such as device fingerprinting and document verification.
AI's Role in the Arms Race
Advances in AI make it challenging to detect fraudulent documents, creating a technological arms race where security measures are consistently outsmarted.
The Impact of Digital Wallets
Digital wallets and virtual cards have altered payment-based risk management. They allow users to create multiple accounts linked to a single wallet, making it difficult to prevent bonus abuse.
The Syndicate Challenge
Bonus abuse syndicates recruit individuals to exploit offers, making it hard to trace correlations between players. This challenge persists in response to open banking and geolocation tracking.
The Importance of Gameplay Analysis
While risk solutions are essential, gameplay analysis is the only foolproof method to detect bonus abuse. Operators need to improve their ability to analyze gameplay risk and break down silos between risk teams and CRM.
In Conclusion
The battle against bonus abuse in the gambling industry remains ongoing, with existing solutions falling short. To effectively combat this issue, a comprehensive approach that includes gameplay analysis is necessary.
