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The Best Licensed Online Casinos For 2020
Online gambling is more popular than ever today. There are hundreds of online casinos where you can play all the popular casino games for real money with a computer or mobile device. You should understand that licensed casinos are your best bet in 2020. Here are a few things you should know before selecting a place to bet.
About Licensed Online Casinos
You are probably reading this article because you want to know more about casinos online that are licensed. These gaming venues account for the majority of casinos that you will find online. It is standard practice today for a new online casino to seek a license from a certain jurisdiction.
These casinos are found in many parts of the world. There are many regions which provide licensing to online casinos. Some of the most popular are Malta, Curacao, and Gibraltar. These regions have gaming control boards which oversee the issuance of gambling licenses. Some small countries benefit from the licensing revenue that is earned from online casinos.
Online casinos with a license may be based in almost any part of the world as long as they are registered in the jurisdiction which provides the license. For example, the majority of a casino’s workforce may be located in London while the actual operations are registered in Costa Rica. This is normal and should not give you much concern.
What It Means To Be A Licensed Online Casino
Licensing is an important step for any casino that wants to be recognized as a legitimate gaming venue. To display the seal of a gaming license is to state that the casino is committed to integrity in its operations. In a world where individuals can be easily scammed online this type of validation is important.
To be a licensed casino the operators must agree to regulations that are enforced by a gaming authority in a specific jurisdiction. For example, a casino that is licensed by the gaming authority in Malta is subject to the regulation of that jurisdiction. The casino must be willing to submit to inspections of its gaming software and operations, and it must also pay a licensing fee to the gaming authority.
Casinos that have been licensed to operate online must meet certain standards. The requirements can vary from jurisdiction to jurisdiction. Factors that may be considered are the history of the company, the backgrounds of its CEO and other officers, and previous associations with online casino ventures. A record of failures in the online casino industry will not help matters when trying to obtain a license.
Once an online casino is granted a license the process of oversight does not cease. The casino must participate in ongoing inspections if it wants to keep its license. Complaints that are levied against an online casino may also affect its ability to renew a license.
Why Gamblers Prefer Licensed Casinos
If you are someone that likes to gamble online, finding the best licensed online casinos is probably important to you. The occasional player might not take licensing into account, but the genuine gambler will always prefer licensed gaming venues over those that have no license.
Gamblers want to know two things when they choose to gamble online. They want to know that the games they like to play are operated in a fair manner, and they want to know that the money they win can be withdrawn at any time without a hassle. In most cases it is only casinos that have been licensed which satisfy these requirements.
Gamblers understand that a casino which has a license is not going to risk closure by cheating its players. There is too much for a legitimate casino to lose by cheating. When a gambler knows that an online casino has satisfied the requirements of licensing the gambler is able to play with a peaceful mind. This is also beneficial for the casino. A gambler of this nature is likely to spend more money.
Some gamblers also like to park a large bankroll at their preferred online casino to play live dealers table games. They can only do this when they have confidence that the casino is not going to skip out and abscond with player funds. This has happened in the case of casinos that do not have a gaming license.
Perhaps one of the most important factors that gamblers like in a legitimate casino is the ability to make a complaint if they are treated unfairly. Those casinos with no license offer no recourse for resolving disputes beyond their own customer service department.
Licensed Online Casinos And Fairness
Most casinos which are licensed to do business online adhere to the provably fair model of gaming. This model was created to inspire player confidence in the random results of slot machines and table games.
In virtual versions of table games a RNG, or random number generator, is used to produce results for games like blackjack and craps. A similar type of software is used to determine the outcome of slot machine spins. The only way for a casino to guarantee fairness is to use this type of software.
Provably fair models make the results of games available for inspection to casino patrons and regulators. By comparing the results of games with the software algorithms that are used to produce the results, randomness can be proven. A provably fair casino is always preferred when choosing the best place to gamble online.
The Best Licensed Online Casinos
When looking for the best licensed casinos it pays to note a few things that the successful venues have in common. You will notice that all casinos that are aboveboard and operate with integrity most likely satisfy the following criteria.
Easy withdrawals and deposits are something that you should look for. The casino should offer a number of deposit methods which include major credit and debit card processors like Visa and MasterCard. Some will also accept deposits with Skrill or Payoneer, and a few crypto casinos will accept Bitcoin or altcoins like Ethereum, Bitcoin Cash, Ripple, Doge Coin, etc. The more deposit options, the better.
When the time comes to make a withdrawal the process should not present a hassle. Your payment should be processed within a short period of time, usually 24 to 48 hours. You should also ask about withdrawal limits. The best casinos will be generous with how much money you can withdraw in a week. There is nothing worse than winning a large jackpot only to discover that you can’t withdraw the winnings.
There should be transparency where the licensing of the casino is concerned. You should be able to find the name of the regulatory agency that issues the license, and that agency should also make it easy to locate their contact information.
Legitimate and popular online casinos will have good reviews. You can simply do a Google search on the casino to find out what experiences other players have had. Don’t brush aside bad reviews because everything else looks good. Take your time and find out the truth behind the review.
Customer Service At A Licensed Casino
Finally, a word or two needs to be said about the customer service that you should expect from an online casino that has a license to offer games for real money. Those casinos that have secured a license will almost always have an excellent customer service department.
Legit online casinos make sure to put their customer service information in a prominent place on their website. It should include the address of the online casino’s physical location, a phone number, and an email address. Before you make a deposit with the casino you might want to try out all of these options to make sure you get a response. Don’t assume that the methods work just because they are listed.
Customer service requests will be answered within 24 hours by the best online casinos. You should not have to wait longer than a day to get a response. When the response comes it should satisfy your question and resolve your issue. A good casino will not stop until the issue has been resolved.
Many online casinos are now offering live chat with their gaming platforms. This is an excellent way to contact a representative and get your issue resolved in a timely manner. You are able to communicate your problem and get help in real time.
Finding the best licensed casino will take some work on your part. Thankfully, we can help to point you in the right direction with information on the best licensed casinos in many parts of the world. Choosing wisely before you gamble will save a lot of heartache in the end.
You wouldn’t spend your money with a retailer that you don’t trust but rather find a trusted online casino for your taste and choice. You should apply the same practice to online gambling. Search out the best licensed online casino, make your deposit, and play with confidence. That is the secret to being a winner. Perhaps you will be the next player to claim a large jackpot by playing casino games online.