Online gambling has increased in popularity tremendously in recent years and there are thousands of sites available on the internet. As with many things, players safety and the safety of online gambling becomes a big area of concern.
Gamblers need to be aware of the risks involved with online gambling and make sure they are playing at secure online casino sites. Apart from licensing, there are other risk factors involved with playing online, such as payouts not being secure and the possibility of developing a gaming disorder. In this guide we will cover all the risks involved with online gambling and how you can ensure you are playing safely and securely at online casinos.
Understanding the Risks of Online Gambling
Gambling is meant to be done for fun and entertainment, but there are many risks involved with the activity of gambling online. Players need to know and understand what they are signing up for when joining casinos and understand the safety of online gambling.
Playing casino games at a secure online gambling site is essential. You need to make sure the casino has a reputable gambling license. The games need to be provably fair for all players and the online payment methods need to be trustworthy and safe.
Another huge risk involved with the safety of online gambling, is many players develop a gambling addiction. When gambling takes over your whole life and affects your personal relationships as well as your finances, you could be running into a problem, and you could be developing a gaming disorder or gambling addiction.
Key Factors for Evaluating Online Gambling Sites – What Makes them Secure?
At Business 2 Community we only recommend the best and safest online casino sites. Our experts put all the sites through many tests, they do extensive research and in-depth analysis of each casino to ensure we provide you with the best and most secure online casinos sites. Here are a few key elements our experts will look out for in terms of the safety of online gambling when deciding whether or not the site is suitable to recommend.
Licensing and Regulation
The licensing and regulation of the online casino is one of the most crucial factors to look out for to increase the safety of online gambling. If the license is not easily viewable on the site, it should be a concern. Reputable online casinos with gaming licenses issued by recognized gaming authorities are the ones to join. These licenses ensure that the online casinos operate in compliance with strict regulations that ensure a fair as well as safe and secure online gambling environment.
Security and Privacy
When doing online gambling, you need to share personal, private and sensitive information with the site. By doing this, you need to know that all the information you share will be protected at all costs by the gambling platform you are using. Make sure you are playing on sites that use advanced security technology, such as SSL encryption technology and 2 factor authentication. There should be clear policies in place to ensure that your information is not shared with third parties without your consent. There should also be AML (anti-money laundering) policies in place to protect not only the player, but also the operators from fraudulent activity and money laundering. Technical security involves both protection of data and the prevention of fraud. A safe casino will outsource their security to a reputable company that has a lot of experience in online security.
Game Selection and Fairness
The selection of online casino games available as well as the quality of the games are essential for an enjoyable and safe online gambling experience. There should be a variety of slots, table games, live dealer games and more to choose from. These online casino games should be powered by the best and biggest game providers to ensure quality is guaranteed. Every game should use a RNG (Random Number Generator) for game fairness. By using RNG, every player will have the same chances of winning. Casino game auditors will have a look at all available games thoroughly. The RNG’s also need to be tested by an outside company regularly.
All regulated and safe casinos will use software from well-known and trusted software providers to ensure the safety of online gambling. All games should be tested for fairness and fair play by an organization such as eCOGRA, you will find the logo on the site if it has been used.
Secure Deposits and Withdrawals
The best online casinos will have a variety of payment methods available to choose from. Payments will be processed fast and efficiently, and all payout times should be available on the casino page for your information. The best casinos accept credit and debit cards such as VISA and Mastercard, cryptocurrencies and e-wallets such as Bitcoin and Neteller. All payments should be safe and secure. The highest level of SSL encryption technology should be used on every payment. No trusted and secure casino will ever share your financial or personal details to a third party. Check if there are any withdrawal limits for a certain payment method before you sign up. There are auditors that will do an audit every so often on online gambling sites to ensure that everything is still running smoothly, and all transactions are done safely.
When joining an online casino, many of them will ask for KYC documentation (know your customer), this adds an additional level of security, although it may seem like a hassle for you, it is in your best interest. This will allow the online gambling site to know that you are who you say you are and will make for a smooth gambling process, including smooth deposits and withdrawals.
Licensed and regulated casinos will usually go through regular audits to ensure the safety of online gambling. The audits will be carried out by a third independent party. They will look carefully at how the casino treats its players as well as the players’ funds.
Most online casinos have great welcome bonuses available that draw many players to the site. Welcome bonuses reward new players signing up at the site, but returning players should also be rewarded with casino bonuses. Check if the casino has a loyalty program as well as reload bonuses and cash back bonuses for existing players. It is important to understand all bonus terms and conditions before accepting the bonus. Read the fine print and see what the wagering requirement and other restrictions with the bonuses may be. Regulated casinos will have fair wagering requirements that will be easy for players to obtain and play through.
A secure online casino site will offer excellent customer support. Customer support should be available in many forms for the players convenience and should be available 24/7. A live chat is a popular option, and you will also find that you can send an email to many sites and some sites still have the option of a telephone line, although that is not as commonly found anymore. Most online casinos will also have a FAQ page where you will be able to find many helpful questions answered in detail for you to read up on when you need help.
Protecting Your Personal and Financial Information
Playing casino games online and doing online gambling is fun and convenient, but the risks associated with it are very high. One of the major concerns many players have is whether their personal and financial information will be safe.
As a player, you need to make sure that the casino you join has the best security policies and technology in place to ensure the safety of online gambling and that your personal as well as financial information is protected and safe at all times. No third party should have access to any information without the player’s consent. The casino should have SSL encryption technology in place as well as two factor authentication. This will give you peace of mind knowing that the site has done all things possible to ensure players are protected. If you can’t find any information pertaining to the security measures the site uses, it should be a red flag and you should look elsewhere to do your gambling online or any in-app purchases.
Responsible Gambling Practices – Avoid Gambling Addiction
As the popularity of gambling and online gambling in particular continues to grow, it is essential to prioritize responsible gambling practices. Responsible gambling ensures that players can enjoy their gaming experience in a safe and controlled manner, while operators uphold ethical standards and protect their customers at all times. In this next section we will look at the best practices for both players and operators to promote responsible gambling all round and prevent any form of gambling addiction or gaming disorder from occurring.
Gambling problems can happen to anybody, at any time, so don’t have the mindset of “it will never happen to me”. If your online gambling goes from being for fun and entertainment to causing you or your loved ones stress, then a problem could arise. No matter what form of gambling you are doing, whether it is betting on sports, playing at online casinos or at land-based casinos, a gambling problem can strain your personal relationships, cause problems at work, and lead to a financial mess.
There are a few signs that could show a gambling disorder developing that you need to look out for, these include:
- You feel that you need to keep your gambling activities a secret
- You have trouble controlling how and when you gamble, you do not know when to stop
- You are gambling even though and when you do not have the means and money to do so
- Your family and friends are becoming worried about you
- Your mood changes because of gambling
There are many organizations available for gamblers with gambling addictions and problems. Seek help from The National Council on Problem Gambling.
How Online Casinos are Monitored for Their Safety and Security
There are many ways in which casinos are regularly checked to ensure the safety of online gambling. Specific audits will be done on game fairness as well as financial compliance. We will look into this more below.
These are government organizations that aim to monitor and maintain levels of safety and security with online gambling websites. A few well-known and highly regarded regulators are the MGA (Malta Gaming Authority) and the UKGC (UK Gambling Commission). Casinos need to fully comply with and meet all the requirements laid out by the relevant jurisdictions to ensure they keep their license.
Doing regular audits on casinos is very important. Auditors such as eCOGRA are commonly used and you will find the logo on the casinos website if they have been used. Audits are done on whether the games are truly fair and random, and the payment protocols and storage processes will also be tested. The casino site and the company that owns it will be audited to detect any issues, no matter how small, that may affect players.
Casino auditors will look at the way a casino is run overall. They will test the deposit and withdrawal process thoroughly as well as search for any flaws within security that could leave players vulnerable. They will test the encryption methods used to protect players’ details. If a casino auditor approves a site, you can be assured of the safety of online gambling at that particular site and that your details and financials are safe.
Casino Game Auditors
Apart from the casino being audited, every single game in the lobby is audited as well. The game auditors will look whether a game is truly random and test the effectiveness of the RNG being used. They will check that the RNG has not been tampered with. Every player should have the same chances of winning.
Online gambling is a fun and entertaining activity when done properly. It has also increased in popularity over the years, but there are still many risks involved with gambling online. Online gambling safety involves the licensing and safety and security of the site, protecting your personal information, whether or not the casino games are fair as well as gambling addiction and gaming disorders along with other aspects. These are all things you need to look into and consider when doing your gambling online to ensure you get the best and safest gambling experience possible.