Why Do Betting Sites Ask for Social Security Numbers?

Many sites that let you place bets or wager on sports events don’t just want your money — they want to know who you are, as well. It’s something you need to know about before you fill in any personal information. Here’s why.

Protecting Against Identity Theft

It’s no secret that there’s been a rise in the number of scams and phishing attempts in recent years, many of which aim at stealing your personal information. One of the biggest concerns when it comes to online gambling is that scammers could get their hands on your personal data and use it to commit fraud. While you would never give out your social security number or bank account details to just anybody, online gambling sites need to protect themselves against identity theft, so they can continue to operate.

In most cases, the only information required to place a bet is your email address and, in some instances, a ZIP code. That’s it. There is no need to give out your personal security number, as it will not provide any additional security. Of course, you must ensure that the email address you supply is not already associated with an account on the site, as they may have already used it and you could be committing fraud. It is not advisable to give out your personal security number via text message, as this could make you more vulnerable to scammers. Never give out your personal security number over the phone, either.

Protecting Against Fraud

It’s a pretty safe assumption to make that most people reading this article are either current or future customers of online gambling sites. The very nature of the industry is predicated on trust, so this is an area that they need to be particularly vigilant about. The more information they can gather about you, the more they can protect themselves against fraud. This includes things like comparing your answers to common questions with those of other participants to ensure everyone is providing accurate information and looking out for each other. It also means that they need to be vigilant about protecting against money laundering and the financing of terrorism.

Personal Information

Another risk associated with online gambling is that they collect and store a large amount of personal information about you. This is information that they will use to target you with ads or offers for other products and services they think you will want or need. In some cases, this information will be shared with other companies and organizations for marketing purposes.

What these sites gather doesn’t have to be particularly sensitive information, but it can be enough for someone to commit fraud or mischief. This is information that you would not want to share with just anybody. In most cases, the information is not required to place a bet or wager, so it’s not like you’re exposing yourself to potential identity theft or fraud by sharing it. However, you should still be wary about providing this information over unsecure networks, especially if you’re doing it on a public WiFi network at an airport or café.

Data Theft

Even if you’re not concerned about identity theft or fraud, you should still be wary of giving out your personal data to third parties. The industry is notorious for data theft, where third parties illegally access your personal data and use it for their own purposes. This is usually done without your knowledge or consent and, in some cases, can result in identity theft. The worst part is that you have no way of knowing who has your data and whether or not they’re using it correctly. In most cases, this data will be stored on remote servers, making it more difficult to detect and stop. You should not be the only person protecting your personal data, as this presents a security risk. For this reason, it is advisable to delete cookies and other types of temporary Internet files to ensure your personal data is not stored on a remote server.

Protecting Your Privacy

Last but not least, we have privacy. Even though you’re not giving out any personal data, a huge number of sites that let you place bets or wagers will track your IP address, the location of your device, and what you’re searching for, among other things. They will use this information to target you with ads or offers for other products or services. In some cases, they will even create a profile for you, based on your activities on their site. Even if you don’t want to be followed around the Internet by advertisers, you should still be wary of providing this information to third parties, as it could result in identity theft or fraud. In some cases, sharing your IP address can even result in charges being filed against you.

As you can see, there are a number of reasons why giving out your personal data to betting sites is risky Business. The key takeaway here is that, in most cases, you do not need to provide this information to place a bet or wager. In some instances, you might need to provide an email address or a zip code, but other than that, everything else can be safely ignored.