There are many online casinos to choose from and choosing one might be difficult. Here are some tips that will make your decision a bit easier:
Lessons learned from the Black Friday raid
The DOJ seized the domain names of several big online casinos on Black Friday, a procedure that is usually reserved for sites that facilitate criminal activity. As a result, PokerStars, Full Tilt Poker, and Absolute Poker/UB suspended real-money play for US residents. But why did these three companies fall victim to such a sweeping law enforcement action? The answers are complicated, but they all share some common characteristics.
Reputable online casinos
Reputable online casinos have a number of features that make them trustworthy. They must comply with European Union law, which applies strict standards to services offered over the Internet. Reputable online casinos must also regularly use an independent technical control service to ensure the randomness of game results and payout percentages. Aside from the features listed above, a reputable online casino must offer multiple methods to contact customer service, guarantee a timely response time, and use encryption technology to protect your personal data.
Minimum payout percentages
If you want to play at an online casino that pays out regularly, make sure the payout percentage meets a minimum standard. The minimum payout percentages vary by state, but they’re usually somewhere around 80%. The payout percentage is based on the amount of money you bet and the type of game you play. The house has an advantage in each game, but this only applies over time. This way, you can choose games where you have a better chance of winning.
Signup bonuses
There are different types of online casino signup bonuses, but they all have the same goal – to attract new players. These promotions are typically one-time offers that match up to a specified percentage of a player’s deposit, giving them up to an extra 20% in free money to play with. Online casinos also offer deposit bonuses, which are similar to welcome bonuses, but require players to meet wagering requirements. If you are looking for the best deposit bonus, look for one that matches a good amount of your deposit and has reasonable wagering requirements.
Deposit limits
Some online casinos allow players to set deposit limits. These limits may be daily, weekly, or monthly. Although they are not permanent, they do reset automatically at the end of the time period that they are set. For example, daily deposit limits will reset at midnight each day, while weekly limits reset at the time that is set. Online casinos may also set certain deposit limits for players in specific jurisdictions. By setting these limits, players can better manage their finances and avoid problematic gambling habits.
Time-out periods
Often referred to as “cool-off periods,” time-outs are a feature that blocks a player from wagering or playing for a period of time. This gives the player a chance to take a break from gambling and regain control. The time-out period is usually shorter than self-exclusion and can range from hours to days, weeks, or even months. Players can also set their own time-out periods and initiate them at any time.