Saturday, February 19, 2011

Are Online Casinos Out to Steal my Money?

Any new online gambler is weary of online casinos stealing their money. You put a lot of your private information online and hope they are trustworthy. There are steps to insure that your information is safe. First, you should make sure the casino is certified by an auditor like eCOGRA (eCommerce and Online Gaming Regulation and Assurance) or TST (Technical Systems Testing). They exist to protect you. Once you find a casino you like, research some reviews on it. If you skip these steps, you may encounter a fake online casino. As the online gambling industry has evolved, these sites are being weeded out with new regulatory agencies but some are still around. This is how to spot them and avoid them.

Doing a quick Internet search can save you a lot of problems. There are quality sites that just review online casinos. Look up who owns the casino. Do they own other reputable online casinos? There are a lot of groups so you will probably run into plenty. If they use one of the big software operators, that is a good start. These software providers include Microgaming, Rival Gaming, Playtech, Vegas Technology and Wagerlogic. Realtime Gaming has run into a few problems but they are overall trustworthy.

A lot of fake online casinos share content. The easiest way to check this is to copy a paragraph or block of text from the site and paste it into a search engine. If the same content comes up on a few different sites, you could be in for trouble. While groups share the same types of bonuses, these rogue online casinos share everything so you should be able to spot them. As always, look for hidden wagering requirements. If they seem more unfair than usual, it could be a precursor to bigger problems. The same goes for payout procedures. Fair online casinos pay out on a weekly or daily basis. Monthly payouts are not a good sign.
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