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Are online casinos safe?

When we’re speaking about online casinos and their safety, the latter is applied to several spheres. The online casino as an entertainment provider must operate officially. The games in its lobby must be safe and not rigged. Finally, the site itself should guarantee the safe environment for the players. Let’s include here safety of personal data and money transactions.

The fair and well-reputable online casino should consider all the factors that can affect players comfort and safety during the gameplay. That is why gambling sites have additional, auxiliary so to speak, security services. They maintain the high level of all the aspects. LEt me clarify them all.

What must be safe at an online casino?

  1. Legit owner. First of all, the gambling provider must be officially registered according to the jurisdiction of the base country. The following point is the license. Usually, online casinos receive the document from the same country authority. For example, in Malta the body that issues the fair gambling proof is MGA.
  2. Safe place to stay online. This refers to the site. It should undertake protective measures like SSL encryption, firewall etc. Any services that can protect the players’ and casinos’ data including transactions between them.
  3. Randomized games. No matter which game you prefer, each game result should be fair and absolutely random. Generally, they are all powered by RNG. Nevertheless, there are special bodies that test the games for fairness. The most popular is eCOGRA. The Independent Auditors can carry out check-points anytime.

These are the main three safety measures that any self-respectful online casino must take. Summing it up, I’ll repeat what exactly you need to note for yourself when you enter a gambling site: license, company profile, RNG certificate or IA test seal, security proof like SSL encryption seal.

When we’re speaking about online casinos and their safety, the latter is applied to several spheres. The online casino as an entertainment provider must operate officially. The games in its lobby must be safe and not rigged. Finally, the site itself should guarantee the safe environment for the players. Let’s include here safety of personal data and money transactions.

The fair and well-reputable online casino should consider all the factors that can affect players comfort and safety during the gameplay. That is why gambling sites have additional, auxiliary so to speak, security services. They maintain the high level of all the aspects. LEt me clarify them all.

What must be safe at an online casino?

  1. Legit owner. First of all, the gambling provider must be officially registered according to the jurisdiction of the base country. The following point is the license. Usually, online casinos receive the document from the same country authority. For example, in Malta the body that issues the fair gambling proof is MGA.
  2. Safe place to stay online. This refers to the site. It should undertake protective measures like SSL encryption, firewall etc. Any services that can protect the players’ and casinos’ data including transactions between them.
  3. Randomized games. No matter which game you prefer, each game result should be fair and absolutely random. Generally, they are all powered by RNG. Nevertheless, there are special bodies that test the games for fairness. The most popular is eCOGRA. The Independent Auditors can carry out check-points anytime.

These are the main three safety measures that any self-respectful online casino must take. Summing it up, I’ll repeat what exactly you need to note for yourself when you enter a gambling site: license, company profile, RNG certificate or IA test seal, security proof like SSL encryption seal.

That is quite reasonable why a person might get a thought of starting its own online gambling business. It brings much profit, especially nowadays when online related industries are at the top. Just like the huge yearly revenues of online casinos, one has to spend the big sums of money for the business launch.

Gambling business requires many responsibilities and attention. The known stereotype about casinos that they are always cheating impose additional obligations on the casino owners. They have to license their business activity, get special certificates and constantly prove that they are safe and fair.

This ‘proof’ costs money which you as a potential owner need to pay at the very beginning. All the licenses, certificates and security technologies are the first instruments that you have to think of before you start. Not a single high roller or even a regular player will make funds into an ‘unknown’ casino without an official license.

Registration

However, in order to receive a license you need to accomplish several steps. First one is to create the company according to the laws of the country that allows running online casinos. They are usually small countries like Malta, Costa Rica, Gibraltar or it can be the UK, by the way. The company registration cost varies. In the UK it’s 550 euros, in Costa Rica you would have to pay almost 3,000 euros. However, Gibraltar and Curacao don’t take charges at all. So, let’s take the average cost of the registration of a legal entity – $1,000.

Gambling platform

The site content is the most important. It’s the face of the online casino. The real money attractive games are what people come for to the online casinos. Basically, you need to make a deal with at least one software provider and have a minimum of 500 games in your casino lobby. Nevertheless, the more games and providers, the more customers. The price is different again. It varies from $10,000 to $150,000. It depends on the provider reputation and amount of games you purchase. Mind that you will have to pay commission from each game. About 15% from one game revenue goes to the provider. Averagely, you could pay about $50,000 for games including commission.

Licensing

Finally, you can apply for the license. This step allows you to host servers and represent casino games worldwide (where they are accepted by laws, of course). Generally, the licensee is based in the same country where you registered your casino business. Accordingly, the price varies. For example, in the well-reputed Malta you can get the MGA license for about $18,000 + the same for annual fee, in total over $35,000. In Costa Rica you’ll pay totally $50,000. Besides, the license doesn’t last forever. It’s issued for several years. On average, 6 years is the expiry date. So, let’s assume that the first licensing costs $50,000 including the cost itself and annual fee.

Website development

Your casino site should be, first of all, clear and easy to navigate. Whenever a visitor enters the site, he or she must understand what the casino offers: games, bonuses, banking options, support, security and etc. Clarity, transparency and availability of all website options. The whole development of the website costs from $10,000 to $50,000. Though we can’t deny additional losses. Let’s take $50,000 for the website development stage.

Marketing

This step is necessary for all businesses. In order to let people know about you, you need a marketing plan including advertising, SEO content and affiliates. Your minimal marketing losses can be $20,000. However, it doesn’t make much sense as it pays off quite a little. For the good profitable marketing system you can pay $100,000 and even $200,000 monthly. Additionally, you will have to pay a fixed sum and sort of 20% commission to the partners that brought you clients. All in all, for the advertising stage we have approximately $100,000 a month which annually is $1,200,000.

Casino maintenance

Here you should include, first of all, salaries for your staff. It should be a whole team of specialists in the fields of design, web development, security service, support, sales and marketing, finance and copywriting. In addition, you will have to maintain the site and its security system annually. The total cost of this all will be about $500,000 a year. It depends on the salary amounts you can afford, of course.

Payouts guarantee

This is a specific amount of money you save in the bank as a guarantee that you are able to give payouts to your players. It can’t be used for taxes and other expenses. This is a necessary fund, and its minimum depends on the registration country. It will cost you about $100,000.

Total calculations

If we consider each expense given above, the online casino site costs $1,951,000 at the start. Still, you have to understand that this sum is not exact. In reality you may pay more or even less. Anyway, considering all the necessary and additional expenses, you need to have at least $2 million in your account to open and maintain the casino site during one year. With an excellent marketing plan you can compensate for the losses during a couple of years, or even less period of time.

The reason why everyone wants to beat, cheat or win at online casinos is money. This is so greedy that we even forget about simple joy and fun. Of course, it’s a lot more cheerful to enjoy games when you’re winning than losing. But the gambling sites tend to bring rather failure. Still the question is open: how to beat the casino games in a legal manner. Well, if you are so obsessed with it, let me clarify some ideas for you.

Use strategies

The only legal way to win at casinos is using strategies. However, you should understand that strategies don’t give you a 100% assurance of winning. Using strategies you may with equal success lose money. There are different strategies found on the net, but the fact is that they can only work in individual cases. So, you’ll have to make them up by yourself. I’m just going to tell you about the most common working tips that you can use to create your own beating strategy for each particular game.

Learn the rules

First of all, know the rules of the game. Either you’re playing blackjack or slot, no matter. Start with checking the rules. Although they are quite typical, still each game is different and requires attention to the rules. Especially, if we’re speaking about card games. You have to understand what the ‘insurance’ or ‘3:2’ mean. Figure it out by yourself and build up your own winning strategy at each unique game.

Play for free first

Testing games before you play for money will also boost your strategy process. Don’t ignore the free mode. Practising for free will save your money and clarify some points at game rules which you don’t really understand. However, remember that strategy used in free mode games might not work with the real money mode.

Whether you are a high roller or have just a couple of bucks in pocket, place small bets at the beginning. The first rounds tend to be losing as you have to warm up your nerves. So, it’s never advisable to begin with high stakes. Calm down your feelings and save the budget. You can raise the bets after you make 10-20 spins.

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