Many players might have come across references to how an online casino secures the financial transactions so that players can safely deposit and withdraw funds without the risk of hacking or any third party accessing those secure information. Most of the online casinos provide such information’s in the About Us section or in a separate Security section.
Most of the top online casinos get their systems certified by an independent expert organization. By doing this, they add credibility to the claim in the same manner that certificates from eCOGRA or Technical Systems Testing. VeriSign is considered as the most popular and reputed organization that certifies the security of financial transactions of an online casino. The online casinos that are certified by VeriSign usually display the "VeriSign Secured" logo on the home pages of their web sites.
VeriSign was founded in 1995 as a spin-off from RSA to engage in the security certification services business. It had gross revenue of $1.0 billion and an income of $197.5 million in 2009. Secure Socket Layer (SSL) certification remains the core of VeriSign business. A player looking to make a transaction online should understand how VeriSign SSL encryption works in order to feel secured online with their financial transactions.
US Online Casino Banking Scenario
Online gambling scenario is somewhat different in the US as compared to the other parts of the world. The main reason for this is the opposition of US government against online gambling. Many online casino sites as a result, do not accept players from the US but in case they do, they offer a limited amount of banking options to them.
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UIGEA rules prevent financial institutions from processing payments to online casinos. The rules might not have yet got fully effective, but several credit card companies are blocking online gambling transactions for the US citizens. Amex credit cards were being heavily used for online gambling as it did not had rejection problems but such cards are lately being rejected too. As a result of this, alternative payment methods such as electronic wallets or e-currencies are getting famous amongst the US players. Electronic wallets such as UseMyWallet functions in America and are providing good service. Players who can wait a while for receiving their payouts prefer getting their funds through paper checks or wire transfer.
Even though the UIGEA rules have become active in the US from June 1, 2010, the Department of Justice (DoJ) is still prosecuting individuals and organizations engaged in processing funds for online gambling under existing laws. Several such organizations were found processing payments for online casinos and forwarding the payments to the players in 2009. The funds of such organizations were seized by DoJ and criminal prosecutions initiated against the processors.
There is another group of people, who are working to get online gambling legalized and regulated in the US. Spearheading the movement is the anti-UIGEA bill sponsored by Representative Barney Frank. The bill is expected to be voted by the House Committee very soon.
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UIGEA rules prevent financial institutions from processing payments to online casinos. The rules might not have yet got fully effective, but several credit card companies are blocking online gambling transactions for the US citizens. Amex credit cards were being heavily used for online gambling as it did not had rejection problems but such cards are lately being rejected too. As a result of this, alternative payment methods such as electronic wallets or e-currencies are getting famous amongst the US players. Electronic wallets such as UseMyWallet functions in America and are providing good service. Players who can wait a while for receiving their payouts prefer getting their funds through paper checks or wire transfer.
Even though the UIGEA rules have become active in the US from June 1, 2010, the Department of Justice (DoJ) is still prosecuting individuals and organizations engaged in processing funds for online gambling under existing laws. Several such organizations were found processing payments for online casinos and forwarding the payments to the players in 2009. The funds of such organizations were seized by DoJ and criminal prosecutions initiated against the processors.
There is another group of people, who are working to get online gambling legalized and regulated in the US. Spearheading the movement is the anti-UIGEA bill sponsored by Representative Barney Frank. The bill is expected to be voted by the House Committee very soon.
A Popular Online Casino Promotion
Online casino promotions are given away to attract players to their casino. However, this should be done in a manner which makes the players to keep visiting their casino on a regular basis. Over the past few years, several online casino promotion structures have been developed. The promotion structure aims to be simple to understand, can sustain for a month and more and to help keep most of the players to stay active on a casino site.
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One such promotion system awards its players with points for amounts deposited and wagered by players. Different online casinos have different systems of awarding the points and also different terms that are used for points. These days, some of the online casinos have started deducting points for withdrawal of funds, which is a disincentive to the player. This means that the player should not withdraw his winnings or be tempted to wager his winnings.
The ultimate aim of a player is to earn more points then others to end up at the top of the leader board. The player’s journey through this promotion system is divided into stages. To move from one stage to another, a player is required to accumulate some fixed amount of point. All players start off from the same points and the player with the highest amount of points at the end wins it. The promotion displays how many players are at which stage and this adds excitement and acts as an incentive. The player can regularly track their position as well as other players position on the leader board and therefore know how far they have to go, in order to have a chance of winning it.
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One such promotion system awards its players with points for amounts deposited and wagered by players. Different online casinos have different systems of awarding the points and also different terms that are used for points. These days, some of the online casinos have started deducting points for withdrawal of funds, which is a disincentive to the player. This means that the player should not withdraw his winnings or be tempted to wager his winnings.
The ultimate aim of a player is to earn more points then others to end up at the top of the leader board. The player’s journey through this promotion system is divided into stages. To move from one stage to another, a player is required to accumulate some fixed amount of point. All players start off from the same points and the player with the highest amount of points at the end wins it. The promotion displays how many players are at which stage and this adds excitement and acts as an incentive. The player can regularly track their position as well as other players position on the leader board and therefore know how far they have to go, in order to have a chance of winning it.
Replenishing Free Money at Online Casinos
Most of the new members start off their online gambling trial through free money. This is the most popular and one of the best ways to getting used to the casino environment and also helps a player practice managing bankrolls.
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Almost all of the download casino sites have the same procedure for opening and operating a free play account. A player has to indicate during the time of registration that they would be wagering with free money. Once the procedure has completed, the player is given an account with an initial trial balance that varies from casino to casino. This account has everything similar to that of Real money account; however the only difference is that the free money can not be withdrawn. When a player places a bet using the free money, their account balance is appropriately reduced and when the players win a bet the balance gets appropriately increased. When a player switches between casino games, his last balance is carried forward. The free money account is not deleted when a player logs out of the casino and he can at any time revisit the casino and start off playing with their existing balance of free money.
It is usually advised that the players who are getting started at online casinos and wagering for free money should treat their account, as if they are operating with their own funds. You should rather try to exercise the same discipline as if you are playing with real money. While playing, you might come across situations where you might not have adequate balance to cover the bet being placed. In such situations, the player might need to replenish their account.
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Almost all of the download casino sites have the same procedure for opening and operating a free play account. A player has to indicate during the time of registration that they would be wagering with free money. Once the procedure has completed, the player is given an account with an initial trial balance that varies from casino to casino. This account has everything similar to that of Real money account; however the only difference is that the free money can not be withdrawn. When a player places a bet using the free money, their account balance is appropriately reduced and when the players win a bet the balance gets appropriately increased. When a player switches between casino games, his last balance is carried forward. The free money account is not deleted when a player logs out of the casino and he can at any time revisit the casino and start off playing with their existing balance of free money.
It is usually advised that the players who are getting started at online casinos and wagering for free money should treat their account, as if they are operating with their own funds. You should rather try to exercise the same discipline as if you are playing with real money. While playing, you might come across situations where you might not have adequate balance to cover the bet being placed. In such situations, the player might need to replenish their account.
How Online Casinos Limit Payouts
Online casinos usually tend to limit the maximum amount of payment a player can withdraw from various casino games. This is usually done in two ways. The first limitation is because of limiting the total amount that can be wagered. In this way, payout ratios are fixed, hence the maximum payout is automatically fixed. The second way to limit the payout is by placing a direct payout limitation.
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The main reason why online casinos limit the maximum payout is because of the fact that they want to avoid any such situation in which they have to face unlimited liability. Suppose a player tries to wager on a very large amount of money and somehow wins the game, in such situations the online casino may have to make a payout that they have not provided for and this can ruin their financial planning. Another reason why the online casinos restrict the maximum payout is because they do not want their players to gamble beyond their loosing budget. Such limits are clearly mentioned on the casinos website and are different for different online casino games.
Some of the online casino games offer very high payouts and also directly limit the maximum payout. Casino games such as Keno fall in this category and should be tackled by players by being most careful. A variant of keno offers a payout of 100,000 for hitting all 15 numbers. The payout amount of a coin size $10 is $1,000,000. However, there is a maximum limit of a total payout of $250,000. Hence, if a player somehow becomes successful in hitting all the 15 numbers, he will only be liable to receive $250,000 and not $1,000,000. These issues usually arise when an online casino has placed a payout limit on their casino and should be thoroughly understood and resolved.
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The main reason why online casinos limit the maximum payout is because of the fact that they want to avoid any such situation in which they have to face unlimited liability. Suppose a player tries to wager on a very large amount of money and somehow wins the game, in such situations the online casino may have to make a payout that they have not provided for and this can ruin their financial planning. Another reason why the online casinos restrict the maximum payout is because they do not want their players to gamble beyond their loosing budget. Such limits are clearly mentioned on the casinos website and are different for different online casino games.
Some of the online casino games offer very high payouts and also directly limit the maximum payout. Casino games such as Keno fall in this category and should be tackled by players by being most careful. A variant of keno offers a payout of 100,000 for hitting all 15 numbers. The payout amount of a coin size $10 is $1,000,000. However, there is a maximum limit of a total payout of $250,000. Hence, if a player somehow becomes successful in hitting all the 15 numbers, he will only be liable to receive $250,000 and not $1,000,000. These issues usually arise when an online casino has placed a payout limit on their casino and should be thoroughly understood and resolved.
Online Casinos Increase Presence On Facebook
The popularity of social networking sites are expanding rapidly these days. Facebook is one such social networking site having the most number of users. As a result of this, online casinos have started using Facebook as a marketing tool. Online casinos start off by creating their own Facebook page and enticing its members to suscribe to it. Any activity a subscribed member commits on the Facebook page of the online casino is sent to all of the members’ friends and friends of the members’ friends. This helps the casino to spread their name to a wide range of people easily.
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Most of the people visit their Facebook account on daily basis. Any notifications regarding the online casino on their Facebook page can be immediately available to subscribers. Therefore, a player has maximum chances of visiting the online casino rather than checking out any other casinos available online. This allows online casinos not only with an advantage of communicating with their players easily but also with promoting their casino to other people on Facebook which are not known to it.
Most of the highly reputed online casinos available today have their own Facebook page which is updated on a regular basis. It is the generation of activity on the page that leads to its popularity. Online casinos keep their Facebook page updated by updating any new information about the games and promotions offered. Another way to keep their Facebook page active is through allowing the players to post messages on the online casinos Facebook page. Online casinos ask players to respond to the messages that they have posted, invite suggestions and even hold competitions that require players to post on the page.
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Most of the people visit their Facebook account on daily basis. Any notifications regarding the online casino on their Facebook page can be immediately available to subscribers. Therefore, a player has maximum chances of visiting the online casino rather than checking out any other casinos available online. This allows online casinos not only with an advantage of communicating with their players easily but also with promoting their casino to other people on Facebook which are not known to it.
Most of the highly reputed online casinos available today have their own Facebook page which is updated on a regular basis. It is the generation of activity on the page that leads to its popularity. Online casinos keep their Facebook page updated by updating any new information about the games and promotions offered. Another way to keep their Facebook page active is through allowing the players to post messages on the online casinos Facebook page. Online casinos ask players to respond to the messages that they have posted, invite suggestions and even hold competitions that require players to post on the page.
The Emergence of Online Social Gambling
The distinction between casino gambling and social gambling is clear in land based casinos. Casino gambling can be defined as a commercial enterprise which takes place at casinos, clubs or other designated places, where the casino owners earns money through a house edge or rake and where the players participation is largely allowed. Social gambling on the other hand is a gambling which takes at private places, such as homes, between friends and family.
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After the wide spread of internet in recent years, every conceivable activity in our real world had been replicated in the cyber world. Online gambling has been taking place since 1995. These days, almost all of the reputed online casinos are governed by same degree of licensing and regulation as the land casinos. Social networking has had an enormous growth online over the past few years and gaming has become an important activity at social networking sites. However, due to legal restrictions, these sites sell virtual money that allow players to gamble online on games like poker.
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