How Online Casino Regulations Can Help Keep You Safe Online
Casino Regulations Help You Stay Safe When Playing Online
When it comes to selecting an online casino, it is easy to be swayed by the generosity of the welcome bonus or the range of exciting games to play. However, it is important not to neglect the ‘boring’ features of a casino as well, because choosing the wrong betting site could just come back to bite you at some time in the future. With that in mind, the most important factor to take into consideration is the safety and fairness of the casino you intend to join. And this is where casino regulations come into the equation.
The very first thing you should do when checking out a new casino, before even looking at the games or bonuses they offer, is to scroll down to the bottom of the main page. You do this because this is where you will be able to find out where the casino you are looking at is regulated. Every online casino must be regulated by a governing body, and if it is not, you should leave that site as quickly as possible.
Scrolling to the bottom of the main page will reveal the logo (or logos, in some cases) of the regulatory body which has jurisdiction over the online casino. Some casinos are regulated by only one commission, while others have obtained licenses from two or three.
But Why do Casinos Need to Be Regulated?
Put simply, regulations are enforced so as to protect the casino player. Without regulations, what is to stop online casinos from ripping off its customers? These regulations cover many areas, including age limits, problem gambling assistance, security of client details, ensuring payments are processed in good time, making sure that games are fair as well as liquidity of the casino, to name but a few.
Basically, players need to be able to trust that they can make deposits, play games that are fair, and withdraw their winnings easily – and to be sure that their personal details remain secure and confidential as well. Regulatory bodies ensure that rules are followed and have the power to fine or even shut down casinos which do not abide by their regulations. However, one very important point to remember is that not every regulator puts equally high standards in place.
How Do These Regulations Help You?
In order for an online casino to operate in territories like Europe, strict licensing requirements are applied. For this reason, European regulators like the UK Gambling Association, Gibraltar Gambling Association, Malta Gaming Authority and the Isle of Man authorities are widely respected. When a casino is regulated by one of these bodies you can play with confidence, as this is a sign that the highest standards are required.
Regulating bodies like these are very quick to suspend or remove licenses from casinos that do not meet their exacting standards. With potentially millions of dollars at stake, it is not worth while for the casino to break the rules as losing a European license would be devastating for their business. You can even check to see if they have their online casino licensing quickly online.
If you have any issue with an online casino, and you are not satisfied with the casino’s response, then you will be able to contact the regulators to escalate your query. For example, you may have concerns about the fairness of a game, or the delays in making payouts, and if the casino does not alleviate your concerns your next port of call is the regulator.
While the European regulators mentioned above (along with other bodies like Canadian State governing bodies) will investigate all complaints, unfortunately there are other regulators which are less diligent. The Costa Rican authorities are widely used, but this is a body which is less likely to be able to resolve client issues. Certain authorities issue licences to gambling sites without necessarily offering client support or carrying out regular checks on the casinos, which can lead to problems down the road.
Other Ways To Stay Safe When Gambling Online
There are many regulators out there – some with the players’ best interests at heart, and some operating solely for financial concerns. It can be a bit intimidating trying to work out whether a particular regulator is one which will protect the player sufficiently well or not. That’s why paying a visit to an independent site like reelbonanza.com is highly recommended. Sites like these will steer you in the direction of trustworthy online casinos, while earmarking those sites which should be avoided at all costs. A trusted guide like this will certainly help you to navigate the sometimes murky waters of the online casino industry.