Online Casino
Advice Guide From Cappers Picks
Frequently Asked Questions
For Our Best Casino Reports Staff
- 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
online gambling 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 betting at online
gambling games are 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.
Our 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 Our Best Casino Ratings evaluate and
rank Internet casinos?
Our 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.
Our 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?
Our Best Casino
Reviews are a dynamic approach
to casino evaluation and the ratings will change
periodically as new information is input into
the system. |
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and handicapping tips website, not affiliated with any Online Scamdicappers. 
