Frequently Asked Questions For
Best Casino Reports
- Is
online gambling legal?
- Where
are the Casinos and Sports Books located?
- How
safe are Internet Casinos and Sports Books?
- How
fair are Internet Casinos?
- How
does the software an Internet Casino uses
affect my chances of winning?
- What
are the pros and cons of Internet gambling?
- Do
I have to pay taxes on my winnings?
- How
does Best Casino Ratings evaluate and rank
Internet Casinos?
- How
often are ratings updated?
1. Is
online gambling legal?
Every region throughout the world has different
laws, and they change from time to time, so we
can't really answer that question. To be sure,
you should contact your local legal representative
to answer any of your questions.
2. Where are
the Casinos and Sports Books located?
All Internet casinos are located outside the
U.S. They are generally licensed in the country
they are in and have to report to the local government
(although to varying degrees depending on the
country). Costa Rica, The UK, Canada, Antigua,
Curacao, St. Kitts, Grenada, Dominican Republican,
Gibraltar, Cook Islands are just a few places
that license online casinos.
The reason these small countries allow online
gambling operators to set up is because it can
help boost their economy. Companies pay up to
$100,000 to gain a gaming license in these countries,
as well as paying ongoing taxes to the local
government.
Best Casino Ratings know which countries have
the strictest fairness and reporting laws and
take these facts into account in our ratings
criteria.
3. How safe
are Internet Casinos and Sports Books?
So far there have been very few problems with
licensed casino payouts and deposit security.
Many of the jurisdictions require that the licensee
post bonds of cash or insurance as part of the
license requirements.
Your personal security (including credit card
details and other personal information) should
also be guaranteed under license agreements.
Most casinos and sports books use secure servers
to conduct all of their transactions, and all
information about you is held offline. Many also
take out insurance against fraud.
Best Casino Ratings takes into account an Internet
casino's licensing and insurance requirements
as part of our ratings criteria.
4. How fair are Internet Casinos?
Online casinos are fairer than many people realize.
The "house" is happy making the normal profits
of gambling. Indeed many of the casinos give
better odds because they do not have the overhead
of a land-based casino. However, all Internet
casinos are not created equal.
In many of the countries, the computer programs
must be submitted to the government for thorough
checking of fairness toward the player, and the
casino also has to be audited by one of the big
six international accounting firms.
The most important part of an online casino is
a specially designed program called the random
number generator. This is the program that generates
a sequence of numbers that correspond to various
card types, dice throws, etc. A good random number
generator is one that generates numbers that
are evenly distributed and not correlated and
remain completely unpredictable.
If a random number generator is evenly distributed
and not correlated, each number will be hit approximately
the same number of times after a large number
of runs. If a random number generator is unpredictable,
you will not be able to predict the next number
in a series no matter how many previously generated
numbers you have studied.
Best Casino Ratings looks at payout percentages,
winnings and casino software utilized as part
of our ratings criteria.
5.
How does the software an Internet casino uses affect my chances of winning?
The casino software is the backbone of any Internet
casino. There are five primary casino software
providers to the online casino industry. It is
our experience that in real time play, two of
these providers have very poor reputations for
fairness (i.e. the odds are not fair to the gambler)
and any Internet casino using their software
would never make our Top 10 list.
That is why we say……….Why
gamble on the wrong website that could be a scam
casino.
6. What are
the pros and cons of Internet gambling?
There can be no debate that online gambling is
a lot different than gambling in a physical casino.
In some ways it is better and in some ways it
is worse. Below are some pros and cons of online
gambling compared to gambling in a "real" casino.
The Pros
- Online gambling is a competitive business
and many casinos will offer a lot to get and
keep your business. Many will offer sign-up
bonuses to new customers, adding 10 to 50%
of their initial deposit to their bankroll
(see below for more on this subject). Some
will randomly deposit money in customer accounts
and others will give away vacations for specified
levels of total money bet.
- The rules are usually better than in physical
casinos.
- You don't have
to travel long distances. The casino is in
your own home.
- You don't have to suffer real casino annoyances.
- You don't have
to feel obligated to tip.
The Cons
- On some online
casinos, you have to be patient about getting
your money after you cash out. In addition
to waiting periods on the casino end there
are also delays on the credit card end.
Debit cards are much faster taking only about
3 to 5 business days.
- Customer service
can be spotty depending on where you play.
Some places offer great service via e-mail
and a toll-free number. Others take several
days to reply to an e-mail, have no known
telephone number, and generally seem like
they just don't want to be bothered aside
from taking your money.
- The player has
no power or authority to turn to in the event
of a dispute. Usually in the player agreement
it says the casino can make up the rules
as they go and in the event of a dispute
the casino's word is final.
- If you play at
a lot of places your credit/debit card statement
will be a nightmare to balance. Transactions
seldom indicate the name of the casino you
played at but instead specify the merchant
bank.
Best Casino Ratings definitely take into account
things like customer service, dispute resolution
policy and speed of payout in our Ranking System.
7.
Do I have to pay taxes on my winnings?
Paying taxes on your winnings depends upon
the jurisdiction in which you reside.
Certain countries have strict privacy laws and
the casinos will not have financial information
disclosed to anyone. Your winnings are up to
you to declare.
Best Casino Ratings believe strongly in a strict
privacy policy and take this into account in
our ratings criteria.
8.
How does Best Casino Ratings evaluate and rank Internet casinos?
Best Casino Ratings have developed a proprietary
system to evaluate online casinos and sports
books. There are so many variables to consider,
the average gambler does not take the time, nor
in our opinion, should take the time to evaluate
every online casino they are contemplating playing.
That is where we come into play.
Best Casino Ratings system is based upon a complex
system where all the factors that you would consider,
plus many more, are considered and generate relative
ratings of online casinos. The result, in our
opinion, is the best online casino websites on
the Internet.
9.
How often are the casino reports updated?
The Best Casino Reviews are a dynamic approach
to casino evaluation and the ratings will change
periodically as new information is input into
the system. |
