As most businesses have transitioned to offering their businesses online, so have casinos. Today, the online gambling market is valued at close to 70 billion, and may grow to $112 billion by 2025.
For online casino players, the Compound annual growth rate (CAGR) of over 12% means it is harder to choose a successful online casino to play on. It also means players stand a greater chance of winning millions overnight, by winning the jackpot.
However, not all online casinos have a huge fan base. Therefore, not all online casinos can offer mega jackpots. You therefore want to choose a popular casino when playing online, and not just one that promises a massive jackpot.
With those factors in mind, it can be easy to fall victim to online frauds passing themselves as legit online casinos. That’s why in this guide we are going to outline features of successful and best online casinos.
The Best Online Casinos Operate Legally
You need to be sure that you will get paid if you win. For that to happen, the online casino you choose must be operating a legitimate business. Here is what that means, and how to verify it.
Licensing and Registration
In most countries online casinos have been illegal since the dawn of online gaming. However, some countries embraced online casinos quite early, and they took steps to ensure online casino players get a fair deal.
Some of those countries and jurisdictions include the UK, Malta, EU, and Isle of Man. Recently many states in the United States have legalized online casinos, which make it easy to find a legit casino in the US.
Countries where online gambling is legal require that online casinos pay licensing fees, along with gambling taxes. Casinos that pay licensing fees get a registration number, which they display on their sites.
Moreover, that registration number is verifiable on an online database provided by the licensing authority. That makes it easy to find out if a casino is legal or not. However, you still need to do your due diligence when verifying an online casino.
For instance, some fraud sites use a domain name that looks similar to the legit site. Therefore, you confirm that the domain name of an online casino matches their licensing details on the licensing platform.
Online Casinos Arbitration
Like any other business, when you engage online casinos, you may end up having disagreements as to how much they owe you. And often, suing isn’t a good option for you. That’s why it is important that you gamble in casinos that are subject to a certified arbitration service.
One such arbitration service is the Player Arbitration Service (PAB), which is a certified ADR in the EU, and by the Chartered Institute of Arbitrators in the UK. It serves the UK, EU, and a number of other countries that are members of CIArb.
The other one is the Independent Betting Adjudication Service (IBAS), which is registered in the UK. IBAS was founded in 1998 serves online UK casinos that serve UK customers.
As a casino player you can be confident of getting a fair settlement, if you play in casinos that are subject to arbitration services. Most casinos do link to relevant arbitration service, for you to verify their membership.
Terms and Conditions
Each online casino has certain terms and conditions that it expects players to follow. It’s important to familiarize yourself with such terms, especially with regard to membership, wagers, and winnings.
Successful online casinos have terms that make it easy for players to access their services, and enjoy their winnings. However, they also include terms that protect them from malicious players.
For instance, they may have terms against hacking, registering multiple accounts, and other unorthodox gaming strategies. Most casinos will also not allow underage gamers to access their platforms.
Financial Transactions with the Best Online Casinos
Financial restrictions pose the greatest barriers to players who want access to online casinos. That’s partly because of anti-money laundering laws, as well as antigambling laws governing casinos.
Successful online casinos tend to make it easy for players to overcome this challenge. Here are some of the steps they take to make that possible.
Deposits and Withdrawals of Funds
Short timelines for approving deposits and withdrawals, easy identity verification methods, and flexible limits on transaction amounts are among ways online casinos make their platforms user-friendly. Speedy payouts, and sometimes even instant withdrawals, are fundamental to making an online casino successful.
Some online casinos offer huge welcome bonuses. You can use these bonuses to play and familiarize yourself with their platforms. However, you cannot access winnings without wagering numerous multiples of those bonuses.
That’s a general trend among all online casinos. In that regard, if you feel lucky, you may want to skip playing with welcome bonuses. That way, if you win, you can withdraw your winnings immediately.
The higher the number of payment options, the easier it is for a casino to receive deposits from around the world. In that regard, successful casinos tend to offer multiple payment options.
While debit and credit cards are now a standard means of payment, more casinos are now accepting Bitcoin. Bitcoin transactions are faster and cheaper than traditional bank transfers, which makes them attractive.
Successful Online Casinos Are Professional and Resourceful
You can tell how good a casino is by the way they treat their customers. Some of the areas where the best online casinos shine include customer service, game selection, and an easy to use interface.
Successful online casinos secure their players’ data, and may not share it with an unauthorized third party. Moreover, they process transactions using secure internet technologies such as SSL and TSL. That gives both players and casinos a peace of mind.
Great Customer Service
The best online casinos will respond promptly to customer’s concerns. And where there is a disagreement, they often refer players to an arbitration service. In some casinos, phone support may not be available to all players.
However, they should offer chat and email support to all players. We recommend that you take advantage of email support to keep a record of your interactions with online casinos.
Many successful casinos are also offering support to problem gamblers. They offer features that enable players to impose limits on how much they can wager. Other casinos place gambling limits on users, based on their income level.
In general, great customer service makes sure players don’t develop unhealthy gaming habits.
Fun Online Casino Games
Successful online casinos feature games that are popular, fair, and with an easy to use interface. They also include live gaming, which gives players the feel of traditional casinos.
Some of the popular casino games include Slots, Roulette, Blackjack, Craps, Baccarat, Poker (Omaha Hold’em, Five-Card Draw, Texas Hold’em), Bingo, among other game genres. The titles of some of the games in each genre may vary from one casino to another.
But for popular games such as Texas Hold’em, the experience you get is pretty much the same across the board.
Conclusion – Choose Online Casinos with the Best Features
The best online casinos can offer players a fun and safe gaming experience. However, you still have to do your due diligence to find the best ones. Overall, using the features we have outlined above, you can pick the best online casinos.
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