Fake OKBet Websites You Should Avoid: Ok-Bet, OKEBET

OKBet is a licensed online casino and sports betting operator in the Philippines, and many fake websites like Ok-Bet and OKEBET imitate this original platform of Kingwin Ventures Inc (formerly Ekxinum Inc), luring casino enthusiasts into thinking they are legal.

These sites are not accredited by the Philippine Amusement and Gaming Corporation (PAGCOR), which can jeopardize the gambling experience of online players. There is a reason why casino operators need to acquire licenses, and in the Philippines, participation in illegal online gambling platforms is risky.

Let us tell you why.

Advantages of Legal Online Casino and Sports Betting Websites

Here are some reasons why playing in a verified online casino or sports betting website such as OKBet is good for players:

Reason #1: Regulated by the government

A legal online casino and sports betting platform underwent a series of examinations and investigations from the government before receiving its operating license. This is to ensure that there is fair play in every service offered.

The games are assessed to guarantee that the online casino operator will not rig their services. Being recognized by regulating bodies such as PAGCOR also ensures that a player’s personal and financial information is safe and secure. This is to avoid phishing and other cyber threats that exist on the World Wide Web.

Reason #2: Safe and quick payment options

No gambler wants delays when claiming their winnings. This will not be an issue in legal online gambling platforms as they only offer safe and secure payment methods.

Reason #3: All your concerns are addressed

One valid complaint is enough to get their license revoked and waste all the struggles they endured to be regulated. Thus, a licensed casino operator will always address the concerns of its players to avoid being reported to the proper authorities.

Reason #4: Filters players

Legal online casinos implement the Know Your Customer (KYC), a PAGCOR-mandated process that prevents any money laundering attempt. It also serves as a profiling method by the betting platform to ensure that the potential player is eligible and of legal age to gamble.

Reason #5: Promotes responsible gambling

Gambling is addictive, and many gamblers have proved it. Hence, regulatory bodies make sure that casino enthusiasts will not fall prey to addiction and develop a gambling problem habit.

One advantage of playing in a licensed online casino is its ability to show concern for the welfare of its players. Authorized casino operators promote and support the government’s advocacy of spreading awareness about responsible gambling.

It imposes deposit and bet limits to help players avoid squandering all their financial resources through gambling. Legal gambling platforms also offer self-exclusion programs for gamblers who want to help themselves by taking a break from gambling.

Disadvantages of Playing in an Unlicensed Online Casino and Sports Betting Platform

The reasons are self-explanatory: it can get you arrested!

In the Philippines, there are gambling laws, and the Philippine government does not turn a blind eye to these illegal activities. For instance, the Philippine National Police (PNP) apprehended 124 individuals involved in illegal gambling in a span of just seven days.

Those arrested violated Republic Act No. 9287 and will receive a punishment of “imprisonment from thirty (30) days to ninety (90) days.” They can also be fined up to P6000.

Furthermore, unlike authorized casinos, illegal betting platforms may use your information to launder money. For example, authorities have arrested a clueless migrant worker the Baoding, China, who “lent” three credit cards to friends.

It was found that his arrest was his “involvement” in the illegal sale of credit cards which criminal groups then used to launder money for online gambling. Those playing on illegal sites like Ok-Bet or OKEBET may also suffer the same fate, especially since these platforms are not registered and monitored by PAGCOR.

Learn How to Spot Fake Sports Betting and Online Casino Sites

1. No license and no certifications

An illegal casino may imitate the seal and certifications of licensing authorities, but they cannot hack the database of these agencies. One thing a player can do to check the legitimacy of an online casino or sports betting platform is to go to the official website of their country’s gaming authority.

In the Philippines, PAGCOR is responsible for overseeing the operation of all casinos, land-based or online. Those not on the list are unregulated and must be avoided at all costs.

2. Hidden ownership information and business address

A legitimate online betting platform will always be transparent to its clients. Information like ownership and company address must be easily accessible by internet users and players.

If these are hidden or unavailable, there is a huge chance that the site is illegal.

3. Payments are delayed

In illegal online casinos, cashing out is difficult. Players will always experience errors or system problems whenever they plan to claim their winnings.

4. Reviews are always negative

There is no easier way to spot a fake online casino website than checking its customer reviews. If the feedback is negative, then it is safe to assume the platform is illegal. It is important to remember that legal casino operators will swiftly address the concerns of their clients.

Fake OKBet Websites Bettors Should Avoid: Ok-Bet and OKEBET

These websites imitate OKBet. Ok-bet and OKEBET are not associated in any way with this platform. They must be avoided to prevent any problems with the law.