Casinos and AI: How Artificial Intelligence Helps Detect Fraud

Not since the dawn of the internet has the world experienced such a phenomenon as AI. 

Now seen as integral to so many different industries, some of the biggest companies and sectors are trying to work out how they can fast track the use of Artificial Intelligence into their businesses. When applied correctly, AI can help remove inefficiencies and streamline processes. 

Not wanting to be left behind, some of the biggest and best online casinos have turned to AI to help detect any fraudulent activity in an attempt to keep their customers safe from harm.

Let’s review this in more detail.

How AI helps stop fraud 

Welcome bonuses 

With so much choice when it comes to what casinos you choose to spend your money in, a huge area of consideration has to be how safe that casino is. Tens of millions are exchanged in casinos all over the world on a daily basis, and you can be guaranteed that fraudsters are always on the lookout for a quick buck. 

One of the ways that fraudsters may try to manipulate the situation is through taking advantage of the bonuses that an online casino may choose to run. 

Welcome offers and bonuses can take many forms. They can be free spins, matched deposits or even cashback. As some of the offers available offer a huge amount of value, fraudsters will try and take advantage. 

What may happen is that fraudsters may try and sign up to the casino with many different addresses. Through the clever use of AI, AI can detect individual IP addresses and if it seems multiple users signing up to an offer using the same address it is likely to be flagged. 

If a flag isn’t immediately raised, AI can detect betting patterns. It is likely that the person committing fraud adopts a similar strategy to try and make the most of the offer available. AI can keep track of these movements and if there is a suspicion it can flag and it’s likely that an account can be shut down. 

Software manipulation 

In order for any game to be officially released into the library of an online casino, that game has to go through rigorous testing to ensure that it is fair and legitimate. 

For slot machines in order to ensure fairness each slot machine has to supply a random number generation test. This test ensures that a slot machine isn’t rigged but there are fears that fraudsters can use sophisticated software that can beat the generator software. 

Once again this is where AI can step in.

AI can look at betting algorithms and patterns and determine if anything suspicious is happening. The programme can then flag this to casino security systems and action can be taken. 

It’s essential that casino games remain fair and have integrity. AI will play a vital role in ensuring this always remains the case. 

AI can benefit every player 

Over the last few years we have seen online casinos take their responsibility to ensuring safe gambling up a level. Websites are often awash with safe gambling messaging and the message of keeping gambling fun are key. 

AI can help in keeping online casino players safe. It can look at each and every individual player and analyse their betting patterns. If a player is betting more than they normally would be, AI can look at this and analyse whether an action should be taken. 

The hope is that any potential damage can be caught at an early stage and any real harm can be minimised. As casinos try to become safer places to play, the continued use of AI in helping safeguard and protect all players will continue to rise.