Is Your Online Casino Trustworthy?

March 14, 2012

Without mentioning any names, there have been a few cases of online casino operators going bankrupt in recent years, and in every case it was the actual customers, not the shareholders who ended up out of pocket. In this short article we will take a look at some of the tell-tale signs that you are playing at one of the less stable online casinos. Online slots players owe it to themselves to make sure they are protected for unscrupulous casino operators.

First up, where is your current online casino registered? Most of the reputable online casino operators are registered in a Western country, most usually somewhere in Europe. A few are registered in the USA, but due to the confusing state of US gambling legislation many choose to avoid that possible pitfall. Many of the less reputable online casino operators incorporate offshore. Offshore gambling legislation is far more lax, and in some locations non-existent. Offshore gambling legislation does little to protect the consumer, but it does tend to protect the casino operator.

Next, take a look at the bonuses your chosen online casino offers. Are these sensible bonuses? Most of the reputable online casino operators will not offer more that around 150% with a fixed upper limit as a cash deposit bonus. If you find that your online casino is offering several hundred percent, with a several thousand dollar upper limit as a bonus, then alarm bells should be ringing.

If you are willing to dig a little deeper, then you could check to see what your chosen online casino operator does with the funds you deposit. Consider the fact that cash deposits need to offset the possibility of a large jackpot pay out, maybe of several million dollars. What happens if the online casino does not have this money? In legislated locations, online casino operators are required to keep fund in a hedged account to cover his eventuality. A hedged account is a special type of bank account which cannot be dipped into to meet day to day operating overheads.

You should always check out the small print in the terms and conditions of the online casino you are playing at, although most people tend not to. Customer transparency is important. If an online casino is displaying adequate customer transparency by presenting clear, detailed terms and conditions this is a good sign.

If you are an online slots player, following the advice above will ensure that you are taking measures towards protecting your cash at all times.

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