Do you know how many crimes happen on the Internet every day? Apparently, it is more than 50,000. And how many of those are from the gambling industry? No idea, but people with experience in the gambling industry knows that there is something fishy happening behind the curtains.
If you want proof, all you need to do is to look at Casinomeister’s Rogue Pit – a website that shows different fraudulent online casino platforms. A lot of gamblers are getting ripped off left and right. That does not exactly instill a lot of confidence in the online casino industry. Listed below are some of the scams that fraudulent platforms pull:
Cancellation and confiscation of player winnings
Players getting ignored by the online casino when calling for support request
Hidden terms and conditions
Payoff are either too slow or none at all
Do not worry; there are a lot of legitimate where you can play your favorite gambling games. You can search the Internet for any recommendations. But what if players want to find these platforms on their own? What if the players want to find a safe and honest casino, they can trust with their hard-earned money?
To know more about the history of this industry, check out https://www.entrepreneur.com/article/288918 for more details.
What signs and signals people need to look for in a legitimate online casino?
Listed below are safeguards people need to look for that point them to a secure and fair casino on the Internet.
Data Encryption
Online gambling websites use either 128 or 258- bit encryption. Both of hem turn financial and personal data that players send to the platform into strings of safe and unbreakable code. How secure are these “unbreakable” codes? Well, for starters, it is the same level of protection, most prominent and established banks use.
People can tell if the platform is using secure encryption by looking at the toolbar. If the website name starts with HTTPS, they have a Secure Sockets Layer or SSL certificate. It means every information players gave to the platform is secured and encrypted.
Random number generators
Random number generators are algorithms online casinos use to deal with their games. These algorithms do not need any input from outside sources to run. Instead, the algorithm uses a seed number. When the number is combined with the algorithm, it can get a seemingly random result.
Both algorithms and seed numbers are unknown. It is the only way to prevent algorithms from getting hacked. The reason is that algorithms, if combined with seed numbers, are technically mathematical formulas. It is why they are easily hackable if they know what seeds and certain platforms are using algorithms.
For example, South Korea’s 파워볼 or Powerball uses algorithms that are only applicable to Powerball games. But there is another safety net, working here: a third-party company whose focus is to test the online casino software and random number generators if they are fair or not. TST or the Technical Systems Testing that is now owned by GLI or Gaming Laboratories International is probably one of the most popular third-party companies that safeguard the online casino algorithms. These companies test all kinds of essential things like:
RNG or Random Number Generator
Mathematics and game evaluation
Ongoing Random Number Generator
Reporting and verification of game payout
Live dealer
Betting and sportsbook exchange evaluations
Pari-mutuel and lottery system evaluation
Penetration testing
Full security audits
Audits of poker systems
Of online casinos passes, they will get a badge that they can place on their platform or website. Companies like Technical Systems Testing post their latest information about the companies on their site. It includes the result of the test if they passed or not, as well as their payout percentage.
Privacy policies
Privacy policies are very important because it tells people how online casino plans to use their information. Do they plan to sell the user’s phone number, email, and name to other companies? Are they planning to rent it out? Or none of the above? Privacy policies will answer these questions, but make sure to read it from top to bottom.
It is imperative because if users agree and sign up, and if the platform decides they are going to rent or sell user information, the users can take legal actions against the online casino. You might want to talk to an attorney just to make sure.
By telling these businesses not to rent or sell the information, the users can make sure their information is secure and safe from fraudulent companies or companies that are interested in using the information in shady businesses. You can find the privacy policy of the company at the bottom of the website.
Gaming licenses
Offline gambling establishments or platforms have to go through a meticulous and strict process before they can operate and open their business to the public. Part of this process is applying for a license from the state and/or local gaming authority.
Visit this site to find out more about getting licenses for digital gambling business.
Gaming commissions and authorities make sure that these casinos are legitimate and meet every requirement the state and local law require before they give these businesses the necessary license. Gaming authorities will continue to check up on them for the coming months and years to make sure that they still deserve the license they gave them.
The authorities will look for different things like player complaints, random games, bug-free software, or player exclusion options. If the platform or company pass, they can get or can keep their license and start or continue to operate. If they fail, they can lose their gaming license.
It means they cannot perform their gambling business anymore. It is an easy and quick way for players to know if the casino they are playing in is secure and fair. But there is one thing to keep in mind. Online casino authorities, licensors, and commissions are different compared to those offline ones.
Some of these agencies are more relaxed compared to others. It means that the online casinos they supervise have a more margin for error. It is an excellent idea to know who those casino authorities, licensors, and commissions are so players can either keep an eye or avoid the casinos they are supposed to be checking out.
A lot of these gambling establishments post the agencies who give them their licenses at the bottom of their site. Some authorities also post who they have granted a license to – or, in some cases, taken licenses away from – on the website.
