The Importance of Auditing With Online Casinos

Reputable internet casinos have their games audited by independent, third-party auditing organizations to ensure fairness to players. Auditing is a requirement enforced by the various licensing authorities and is also done to show players their business is fair and reliable. One of the main auditing firms is eCOGRA, which stands for e-Commerce Online เว็บพนันบอล Gambling Regulation and Assurance. It’s a non-profit organization that was established in 2002 for self-regulation of online gambling. eCOGRA makes its auditing reports available to the public, and if you’re new to online casinos, you should consider looking at these reports before choosing a casino.

eCOGRA offers three types of certificates that online casinos can earn. One certificate demonstrates that the operator’s games are fair, and that the business is responsible and safe. Another certificate is related to the casino’s random แทงบอลออนไลน์ number generator (RNG) and demonstrates the fairness of the RNG used in games like blackjack, roulette, and video poker. eCOGRA analyzes casinos’ RNGs over a six-month period to ensure that the numbers are indeed random and game outcomes are unbiased. eCOGRA also creates the Percent Payout Review, which tells you average payout percentages for several game categories. They’re done monthly and represent average payouts.

How do you interpret the numbers on reports like eCOGRA’s Percent Payout Review? Well, if you find that a particular web casino in a particular month had an average percentage payout of 95.66%, it means that for ever $ 100 wagered in the games category you’re looking at, the casino kept $ 4.34. You may notice that with some games, the payout percentages are higher. In games like poker, strategy and skill play a part in the outcome, whereas for slots, winning is based on luck. So if you’re a new poker player and are excited to see a poker average payout of over 99%, keep in mind that there may be some very skilled players accounting for that high percentage payout.

eCOGRA is not the only independent auditor out there, however. Some of the other independent, respected online gaming auditors include Technical Systems Testing (TST), BMM International, Gaming Associates (Australia), Price Waterhouse Coopers (PWC), and Certified Fair Gambling (CFG).

The backbone of internet gambling is the software that runs the games. The software is what determines if the games are fair, and playing at casinos where the software has fairness certifications is a great first step in ensuring that you’re treated fairly when you play online. If the software is deemed and certified to be fair, then the next step to assure yourself that you’re playing at a reputable casino online is to check the monthly payout percentage audits and ensure they’re being done by a reputable, independent auditor.

Online casinos are a huge business, and most of them want to play by the rules and treat their customers fairly, because they want loyal players. They also know that if they are treating players unfairly, word can spread quickly, and they could be out of business in a hurry. There are, unfortunately, a few rogue casinos on the web, and you can help yourself avoid these by checking to see that any casino you play at has recognized, high-quality software (like that from Vegas Technology, Rival Gaming, or Realtime Gaming ), and that audit reports are available for the casino’s monthly payout percentages.

There are many online casinos

Is Spread Betting Gambling?


Financial spread betting which is based upon pure speculation involving making speculative investments, has often been compared to gambling for many years. We have often wondered if there is any truth behind this statement, we have found that there is only one major similarity.

This one similarity is a big one, and when you take gambling and financial spread betting via speculation the one main thing in common is that they both involve risk. Both have an enormous degree of risk involved, studies and statistics have shown that there are in fact more losers than winners ดาวน์โหลด 918kiss.

In gambling, one creates a situation which may jeopardize their financial well-being, and bets on the odds of preventing it. Naturally, when they are on the winning end there is a nice reward for beating the odds of the situation. However, as one continues to gamble, over time- the odds get higher for hurting their financial well-being. The gambler does have the option to withdraw and it is quite easy, however, the prospect of to win will persuade them to continue their risk.

In speculative investments such as financial spread betting, one makes a selection based on the market and economic conditions and various historical graphs and statistics. This is quite different then that of gambling in which no real knowledge is required. The speculators need to have not only firsthand knowledge by means of data, they also need to have experience in order to be successful. The trader must constantly keep up with market research and watch trends if they want to win. It is also necessary to perform extensive studies on the company’s profile, competitor behavior, current state of company performance and promising research and development.

One thing that gambling does not have in which speculative investments (such as financial spread betting) offer is that they are also capable of helping to boost a downwards economy. This happens due to supply and demand and can get the economy back on an upwards swing. With spread betting the investors can actually bet on the stock market, without actually owning the stock as an added boost. Gambling on the other hand, provides no such benefit to the economy, and only benefits the establishments.

We feel the only thing the same with financial spread betting and gambling is the risk of financial devastation, a difference is with spread betting, you can help avoid total loss by implementing a good risk management system, whereas with gambling there is no such thing except to refrain from it.