Why Regulated Online Casinos are your Best Bet. New casinos are popping up on the online gambling market all the time. Although it is safe to say that many of them are legit, many other dodgy ones manage to infiltrate and rob players of their money and personal details.
Safety is one of the biggest problems that casino players care about, especially when it comes to their personal and financial details. Having your bankroll wiped clean is one thing, but when your credit card details fall in the hands of dodgy characters, that’s a completely different scenario.
This is why it is important that you sign up for a regulated online casino. Here are the reasons why we think signing up for a regulated casino is your best bet.
Before going all excited and signing up for that exciting-looking online casino, it is important that you do your research. Signing up for a regulated casino means that the casino is more likely to take care of its players.
Casinos that allow real money play abide by strict rules and regulations as stipulated in their licensing agreement. Amongst some of the most reputable gambling bodies, there is the UK Gambling Commission and the Malta Gaming Authority. These gambling bodies ensure that players are taken care of, both in terms of safety and responsible gambling.
Anti-Fraud & Money-Laundering
Casinos have in-house fraud departments that deal with any irregular activities that might be taking place on their site. If a casino suspects that a casino account has been hacked into or that there are any suspect activities, they will shut down your account pending verification.
If it’s genuine, it might be a little annoying, but if it wasn’t, the casino might have saved you from being robbed.
Most licensed and regulated casinos use the latest SSL encryption technology as a form of protection. Any registered player who has an account and a password inputs his details on an encrypted system which is stored on a safe database.
The same concept applies when you are making deposits and submitting payment information.
Verification of Details
As soon as you sign up for an account, the casino kicks off the verification process. You are asked for all your personal details and verified against a database to ensure that you are who you say you are and that the payment method chosen is actually yours.
This is done in a bid to deter any fraudsters who might have got their hands on payment information illegally.
Once you are ready to make a withdrawal, the Know Your Customer process kicks in. You are then asked to submit a phone of your identity card, proof of address, and a utility bill. Although most players find this a tedious process, it is in place to safeguard your interests as a player.
It should also be pointed out that licensed casinos will only work with trustworthy payment providers.
Singing up to a licensed casino can save you plenty of headaches and hassle in the long run. Knowing how to avoid fraudulent casinos could make room for more enjoyable gameplay. Why Regulated Online Casinos are your Best Bet.