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What do you need to know about online casinos before you start betting?

Jung Min-seo by Jung Min-seo
May 4, 2021
in Hot Topic
0

FintechZoom > World > Hot Topic > What do you need to know about online casinos before you start betting?

Although they weren’t that popular a few years ago, nowadays, online casinos are slowly but steadily becoming the preferred option for most bettors. There are many reasons why punters like those types of websites, which is why we wanted to point out some of them. 

It is worth mentioning that some of the most prominent online casinos improved their services a lot in the last couple of years. There were many operators whose platforms were not pleasant to use, but thanks to some of the latest tech, people can play their favorite games whenever they want to.

Let’s check out everything you need to know about online casinos before you start wagering.

The majority of online casinos work alongside different casino software companies

One of the big reasons why online casinos have so many fans is due to their game category. Instead of providing their customers with just a few games, some of the biggest platforms in the world may have thousands of titles. This means that users will almost always have something new to play on.

While it is true there are some casinos that develop their own casino games, most companies have joined forces with some of the best casino software providers in the world. If you check the online casinos by Betenemy, you will instantly notice that the brands on this list work alongside software suppliers with many years of experience. Here are just some of the most popular names:

  • Evolution Gaming
  • Microgaming
  • Pragmatic Play
  • NetEnt
  • Habanero
  • Yggdrasil
  • Play’N Go

Each of these companies has proven itself when it comes down to casino software. Besides being safe to use, their products have HD graphics and might come along with exclusive rewards.

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Here is everything you need to know about playing casino games on the go

Most companies don’t have their own customer support department

Customer support service is an important aspect that you need to consider when choosing your new online casino. Even some of the most experienced online bettors will want to ask a thing or two at some point in the future. That’s why it is recommended to find a casino where you can use different kinds of contact methods to communicate with the support team.

Speaking of support teams, you shouldn’t be surprised when you realize that online casinos do not employ their own customer support agents. Some of them use advanced chatbots, but the majority hire a third-party company that takes care of their clients.

This is not necessarily a bad thing, but some of these companies don’t have a lot of experience with the casino and the things it offers. As a result, you may have to wait for a few minutes until you get the answer you need.

The good news is that those types of support teams are usually available around the clock. Hence, you can always find someone to talk to, even if it is late at night.

Some online casinos allow their players to set a deposit limit

Gambling is fun, but people who want to play casino games have to be responsible. Otherwise, they could lose a lot of money. When it comes down to online payments, most casinos have all sorts of alternatives, which means you will probably find something interesting to use.

Besides the fact that you can use different payment solutions, one of the benefits of betting online is that you can set yourself a specific deposit limit. Each casino has its specifics, but most of them offer you the following types of limits:

  • Daily
  • Monthly
  • Weekly
  • Hourly

Once this limit is set, you won’t be allowed to deposit more than that. This might not seem that important, but it can make a lot of difference, especially if you are prone to spending money. To change your limits or remove them from your account, you will probably have to contact the customer support department, so keep that in mind.

In some cases, you can’t rely on your local gambling authority for help

The fact that online casinos are heavily regulated probably doesn’t come as a surprise for most of you. Gambling is one of those industries that is always under the radar because some people use it as a way to hide their criminal activity. Even though this is a problem on most land-based casinos, it is also finding its way into online betting sites.

Controlling those types of websites is not easy, which is why most governments have a gambling authority whose job is to make sure that a given gambling operator adheres to certain rules. 

Usually, casinos are required to obtain a permit from the given country’s regulating authority so that they can provide their services. However, the majority of gambling companies don’t do that because they get a license from a few specific authorities that allow them to work worldwide. 

This is good for the casino because it doesn’t need to apply for multiple licenses, but it is bad for you because your local gambling authority won’t be able to help you if something happens.

You will have to verify your identity and address before you are allowed to make a withdrawal

The last thing that you have to remember before you start betting is that you will need to verify your account. To put it another way, the information you provide during the registration process must be valid. Otherwise, you won’t be able to confirm it, which means you can’t withdraw your winnings.

Interestingly, this process is known as KYC, and it requires you to do a few specific things, depending on which gambling website you go to. Usually, you have to provide a copy of one of the following documents:

  • ID Card
  • Passport
  • Driver’s License

Once the casino makes sure that you are the person behind the account, it might also require you to prove your address. This process can be a bit lengthy, but it is worth it in the long run because you may receive special tangible prizes in the future.

FAQs

If you’re new to online casinos, there are some frequently asked questions that you may have. Here are some answers to help you get started:

Are online casinos legal?

Yes, if the online casino is licensed and regulated by a reputable authority, it is legal. However, it’s important to check the laws in your country or state to ensure online gambling is legal.

How do I know if an online casino is safe and secure?

You can check for a license from a reputable authority, such as the UK Gambling Commission or the Malta Gaming Authority. Look for SSL encryption on the website, which will ensure that your financial and personal information is protected.

What games can I play at online casinos?

Most online casinos offer a variety of games, including slots, table games, and live dealer games. Some casinos may specialize in one type of game, such as slots or sports betting.

How do I make a deposit and withdraw my winnings?

Online casinos typically offer several options for depositing and withdrawing funds, such as credit cards, e-wallets, and bank transfers. Look for casinos that offer fast and secure payment methods.

Can I win real money at online casinos?

Yes, most online casinos offer the chance to win real money. However, it’s important to gamble responsibly and set a budget for yourself before playing.

Examples:

  • An example of a licensed and regulated online casino is 888 Casino, which is licensed by the UK Gambling Commission and Gibraltar Regulatory Authority.
  • An example of a popular e-wallet for depositing and withdrawing funds at online casinos is PayPal.
  • An example of a budgeting tool for responsible gambling is GamStop, which allows you to self-exclude from all UK online gambling sites.
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Jung Min-seo

Jung Min-seo

Jung Min-Seo is a staff writer covering technology for FintechZoom. Contact: [email protected]

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