Players should properly research an online casino before playing in it. This is because you not only risk losing a lot of money but also face the possibility of identity theft. Here you will find a lot of useful tips that will help you detect a fraudulent online casino.
- The gambling message board should normally reflect trust and faith.
- The online casino should preferably be affiliated to some sort of a physical, non-digital casino.
- Recognized casino portals should must know and support that individual online casino website.
- There should be some sort of a self-labeling system through which users can rate the contents of that site.
The following are some further tips to protect you from falling in the traps of fake casinos:
In order for an online casino to be qualified, it has to meet certain standards depending on the country it is based in. Typically, license fees start from $50,000 and are valid for up to 3 years usually. Estimates suggest about 20% of online casinos are operating without proper licenses. You should never play at a website if it is not licensed in the country of origin.
Proper Auditing of Payouts to Players
All reputable casinos get prominent accounting firms to audit and report the payout percentages. For instance, PWC, the biggest Audit firm in the world reviews the payout paid to gamblers by Microgaming as well as the licensed casino websites it operates.
Being part of a Responsible Watchdog Organizations
There are certain so-called “watchdog” organizations that merely act as an online advertising gateway for a group of casinos. A genuine watchdog organization has a set of rules and regulations that govern the different activities of their participating casinos and casino portal sites.