When people say online casinos are a waste of time and exist just to steal your money, they are usually wrong. With the proper gambling strategy, you can make money at online casinos. But there is one case where those people are true. It is in the case of rogue or fake online casinos.
There are certain online gambling sites that are looking for an easy way to your personal information. The online casino is a front for hacking into your account and stealing your identity. In other cases, the games are rigged so that you lose every time. They use a faulty RNG (random number generator). So how do you avoid this?
Third party organizations like eCOGRA (eCommerce and Online Gaming Regulation and Assurance) and TST (Technical Systems Testing). They test and certify online casinos for safety and security. Look for their seals at the bottom of the casino’s homepage.
Another way to check for legitimacy is to read unbiased reviews at online casino review sites. Some of these sites even have blacklists of online casinos to avoid. You just have to make sure the site is legitimate. Unfortunately, this is an endless cycle when it comes to the Internet. If this review site is ranked high on search results, you can generally trust it.
Trustworthy casinos are operated by the best software providers. The top providers include Microgaming, Vegas Technology, Playtech, Rival Gaming and Wagerlogic. If the online casino uses one of these, this is a step in the right direction. A lot of fake online casinos share their content. That’s because scammers are lazy and spam everywhere as fast as possible to spread everywhere online. A way to check on this is to copy a paragraph from on of the online casino’s page and paste it into an Internet search engine. The search results speak for themselves. Lastly, read the terms and conditions through to the end. There could be unfair wagering requirements hidden. One big sign is the payout procedures. All fair and certified online casinos pay out on a daily or weekly basis, max. If this one pays out monthly, it could be foreshadowing bigger problems.
Showing posts with label eCOGRA. Show all posts
Showing posts with label eCOGRA. Show all posts
Friday, February 18, 2011
Friday, February 11, 2011
The Importance of Payout Percentages
Most new gamblers think all there is to joining an online casino is finding the best games, bonuses and tournaments, and make sure it is a respectable, secure site. They usually forget about payout percentages. These are one of the first things to check on when visiting an online casino.
Payout percentages are how often the online casino pays out to its customers. Online gambling sites are legally bounded to provide these percentages. They can be hard to find so look thoroughly or contact customer support if you can’t find them. If they are certified and audited by a third party like eCOGRA (eCommerce and Online Gaming Regulation and Assurance), the percentage will be available.
Payout percentages are calculated by adding the total winnings paid out and dividing it by the total wagers. That number is multiplied by 100 to get the percentage. Let us say an online casino takes in $1 million in wagers and pays out $970,000 of that $1 million. The payout percentage is calculated as follows: 970,000/1,000,000 = 0.97 x 10 = 97%. Therefore, the casino pays out 97%. This is a reasonable amount.
Read up at online casino reviews sites like this one to find out where the best payout percentages are. Just make sure they are up to date. Some of the best online casino payout percentages right now include Online Vegas Casino (95.2%), Millionaire Casino (94.6%) and Rushmore Casino (94.1%). Pretty much any online casino has better payouts than Las Vegas, but if you want to find the best percentages, check around and don’t settle for the flashiest one offered.
Payout percentages are how often the online casino pays out to its customers. Online gambling sites are legally bounded to provide these percentages. They can be hard to find so look thoroughly or contact customer support if you can’t find them. If they are certified and audited by a third party like eCOGRA (eCommerce and Online Gaming Regulation and Assurance), the percentage will be available.
Payout percentages are calculated by adding the total winnings paid out and dividing it by the total wagers. That number is multiplied by 100 to get the percentage. Let us say an online casino takes in $1 million in wagers and pays out $970,000 of that $1 million. The payout percentage is calculated as follows: 970,000/1,000,000 = 0.97 x 10 = 97%. Therefore, the casino pays out 97%. This is a reasonable amount.
Read up at online casino reviews sites like this one to find out where the best payout percentages are. Just make sure they are up to date. Some of the best online casino payout percentages right now include Online Vegas Casino (95.2%), Millionaire Casino (94.6%) and Rushmore Casino (94.1%). Pretty much any online casino has better payouts than Las Vegas, but if you want to find the best percentages, check around and don’t settle for the flashiest one offered.
Sunday, November 14, 2010
Online Gambling in the U.S.
Online gambling is a touchy subject in the United States, to say the least. Before joining any online casino, make sure they are based offshore and accept U.S. players. The legalization and regulation of online gambling may be coming to the U.S. In July, the House Financial Services Committee passed Congressman Barney Frank’s Internet Gambling Regulation, Consumer Protection, and Enforcement Act of 2009 (H.R. 2267). The bill aims to legalize and regulate online poker and other forms of online gambling. It would effectively eliminate the UIGEA (Unlawful Internet Gambling Enforcement Act). Many states are currently in a budget crisis and are considering legalizing forms of online gambling on the state level to combat the deficit.
More than 70 countries have legalized gambling such as Australia, New Zealand, Denmark, Finland, France, Germany, South Korea and Canada. There are pros and cons to legalization and regulation in the U.S. You would be more protected from crooked online casinos trying to steal your identity and money. But, there may be less casinos to choose from if they must be licensed. Also, offshore casinos won’t be happy about the taxes and fees they would have to pay for the American audience.
This isn’t to say Americans don’t gamble online. There are plenty of reputable online casinos based offshore that accept U.S. players through alternative online payment methods other than VISA, which stopped accepting payments. Other payment methods include check and wire transfers, electronic money services, etc. These online casinos provide the same service and include the same games, bonuses and promotions comparable to anywhere else in the world.
The watchdog for U.S. online casinos is eCOGRA (e-Commerce and Online Gaming Regulation and Assurance). Established in 2002 as a non-profit by Microgaming and 888.com, it reviews hundreds of gambling sites for fairness and security. It serves as a liaison between players and casinos. Look for the eCOGRA Safe and Fair seal before signing up for an account.
More than 70 countries have legalized gambling such as Australia, New Zealand, Denmark, Finland, France, Germany, South Korea and Canada. There are pros and cons to legalization and regulation in the U.S. You would be more protected from crooked online casinos trying to steal your identity and money. But, there may be less casinos to choose from if they must be licensed. Also, offshore casinos won’t be happy about the taxes and fees they would have to pay for the American audience.
This isn’t to say Americans don’t gamble online. There are plenty of reputable online casinos based offshore that accept U.S. players through alternative online payment methods other than VISA, which stopped accepting payments. Other payment methods include check and wire transfers, electronic money services, etc. These online casinos provide the same service and include the same games, bonuses and promotions comparable to anywhere else in the world.
The watchdog for U.S. online casinos is eCOGRA (e-Commerce and Online Gaming Regulation and Assurance). Established in 2002 as a non-profit by Microgaming and 888.com, it reviews hundreds of gambling sites for fairness and security. It serves as a liaison between players and casinos. Look for the eCOGRA Safe and Fair seal before signing up for an account.
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