One of the most frequently asked questions I get asked is, do internet casinos pay? The basic answer is yes. But the answer requires a little explanation. Firstly, unfortunately due to recent and unprecedented legal hostilities in the US, online wagering in the States is at best a grey area. Even if the controversial recent legislation apparently forbidding online wagering is found wanting, for a US citizen, trying out new casinos and sportsbooks is probably not a good idea since some unscrupulous operators would undoubtedly use the cover of the legal climate to justify confiscating deposits and winnings. So, this article is for those countries where internet wagering is still permitted.
If you just selected Zeed456 at random, the chances are very high that you would be ripped off at some point, either by software blatantly designed to cheat or, more typically, simply by not being paid if you win. The estimates of the numbers of crooked casinos in general are as high as 10-15%.
However, you would be stupid to select internet casinos at random. There is a wealth of information on the web about which sites pay and which sites do not.
The one cast-iron guarantee that a betting house will not rip you off is that it has a regulated presence in the terrestrial wagering world. I call this the bricks & mortar principle. Obviously an operation with a reputation and pedigree offline is not going to start cheating players blind the moment it sets up online.
British and Australian betting house chains, which are strictly regulated by wagering boards with real teeth, directly or indirectly in the case off Britain, are. For this reason you will never be ripped off by the likes William Hill or Lasseters. Unfortunately there are not that many of these well-regulated and well-run casinos.
The next consideration you should have about an internet betting house is that it pays. Find out if someone else has played at a betting house you are proposing to play at. If they have been paid recently, the chances are very, very good you will also.
Be wary. Some people are affiliated with casinos and will try to hustle you. The third and to my mind slightly overrated consideration is software. Many gamblers believe certain casinos with the same software will never cheat you and that casinos which use other software brands are big trouble. The latter assumption is correct, the former is not. It would be more accurate to say that certain B2y44 with the same software have not cheated any one yet. World Betting software, previously Starnet, was reckoned to be reputable several years ago but went bad. MicroGaming casinos are reckoned to be reliable but problems with outfits such as goodfellows.com and the fortune lounge group have called this assumption into question. One operator, Chartwell, has behaved responsibly in practice, but has an odd policy of not standing by their product, that is, they do not take financial responsibility for the clients who use their software. That said, I have had mostly good experiences with Chartwell personally.
Casinos which use Boss Media, Cryptologic and Wager Works software, however, are reckoned to be completely trustworthy…but keep an eye out for trouble….I have yet to be ripped off by a netcasino. Sure, I have been paid slowly or had to deal with administrative hassle, but the bottom line is that I got paid and the experience was ultimately financially rewarding.
After registering with an internet betting house, players have two choices: They can play for fun through the site’s practice mode, or they can play for real money. There is no doubt that the latter option is the most sought after of the two, simply because of the fun, challenge and – obviously – the rewards. To play for real money, however, players need to deposit money into their internet betting house accounts.
Good internet casinos will offer their customers several ways to fund their accounts. Not all methods of payment suit all players and a reputable site will provide a range of methods for customers to pick and choose from, based on their wagering lifestyles, their geographical location and the legislation governing how they may or may not pay. For example, Neteller was the most popular choice of payment for North American-based players until the Unlawful Internet Betting Enforcement Act (UIGEA) was passed in 2006. Almost overnight, US players were not allowed to pay for their wagering fun through Neteller and this remains true today.
There are many different kinds of payment options, although the most common include credit and debit cards, wire transfers, Moneybookers, Click2Pay, EntroPay, NETeller and EcoCard.
Paying for one’s internet wagering fun by credit or debit card is probably one of the simplest ways to go about things, although in recent years it has not been the method of choice by many players in the US. For one, many players are concerned about privacy and security issues surrounding credit card transactions over the internet. In addition, Dubai9999 are finding it more and more difficult to have their transactions authorized by their banks due to the UIGEA. Depositing funds using a credit or debit card in other parts of the world is still widely acceptable, however.
Another form of payment that is fast becoming the most popular of all is via the internet in the form of an ewallet. Click2Pay, Moneybookers and NETeller are just a few examples of this type of payment method. Simply put, players make deposits into a virtual electronic wallet on the internet and from there, can fund their online wagering accounts. Their ewallet accounts can also be used to make giabbr withdrawals. The main advantages of paying by ewallet include discretion, privacy and security. Entropay is another example of a virtual payment method and is accepted almost anywhere that the Visa card is found. As with many of these types of services, the player’s personal and financial details are not disclosed to the online merchant. It must be reiterated that some of these types of virtual payment methods, such as EcoCard and NETeller, may not be used by US players to pay for their online wagering.