As entertainment, gambling goes back to the dawn of humanity. Records point out that men gambled on various dice games in ancient civilizations. It is a well-known fact that the Roman emperor, Augustus, loved chariot racing and would bet a significant amount of his wealth on the outcome of said races.
What fascinates us about gambling is that the practice has changed to better fit the society of the time. Throughout history, the industry has developed from gambling dens to casino structures and resorts. In the 21st century, the digital age brought a new form of gambling.
Online casinos have taken the world by storm. First appearing in the 90s, most online gambling websites offered simple video poker games. Using credit cards, players could spin poker reels and hope for a payout. However, iGaming has come a long way over the past two decades.
First, the online casino industry was among the first to understand and embrace cryptocurrency transactions. Also, they have introduced dozens, if not hundreds, of other games, from slots to poker. Gambling websites now have an ever-widening library of some of the best casino games in the world.
However, it is also true that iGaming is relatively new. Many people don’t understand the industry and the red flags that a website might display. So, in this article, we would like to discuss the most common red flags regarding online casinos and how you can spot them.
No License = No Business
When looking for the best online casinos, you are looking for a license. For those out of the loop, a license is a sort of seal of approval issued by a notable gambling commission. All countries have a government organization responsible for regulating gambling. So, the best thing you can do is look for a casino licensed by your country’s gambling regulatory organization.
Suppose online casinos are unavailable in your country, or you would prefer offshore websites. In that case, the best licenses to look for are those issued by Caribbean countries, most notably Curacao. These nations take online gambling seriously and produce some of the best and most trustworthy casinos.
Other than Caribbean licenses, other countries that issue trustworthy licenses are EU-affiliated countries, most notably Malta, Cyprus, and the United Kingdom. These countries issue the most reliable online gambling licenses, so look for them when gambling online.
Gambling is a fun pastime for some. However, to others, playing these games is a profession. Professional gamblers increasingly frequent the best online casinos for cash rewards, so it is understandably frustrating when they find payment problems.
So, what are common red flags to watch out for regarding payments? One of the most obvious is a complicated withdrawal method. Withdrawing shouldn’t be any more difficult than depositing. So, if a website complicates the withdrawal method, it is better to look elsewhere.
Another example of a red flag would be offering exclusively crypto-withdrawals. In 2023, cryptocurrency has gone mainstream. There are many excellent choices for crypto investors nowadays, and the market is one of the fastest-growing investment options in the world. However, it is still suspicious if a casino offers only crypto-based withdrawals.
We recommend looking for casinos with various payment options, from FIAT money to e-wallets, to cryptocurrency.
Lack of Bonus Promotions
One of the most enticing aspects of online casinos is the promotions and bonuses. Gamblers love taking advantage of these websites’ promotions, whether a welcome offer, deposit bonus, or code. So, it isn’t surprising that the lack of a prize is a major red flag.
It isn’t necessarily true that a casino’s legitimacy depends on having bonus codes. The problem is that there are so many other legit and trustworthy websites that do offer promotions. So, why would you play for one that doesn’t?
“Too Good” a Bonus
Sometimes, players join casinos specifically because a bonus is enticing. However, that is a problem. If you look at a promotion that promises unrealistic rewards, then getting the reward is more complex than all that. There is always a catch, usually in the form of a complicated and incomprehensible list of terms. So remember, if an offer sounds too good to be true, it likely is.
The online gambling industry has become mainstream. Around the world, more and more people are joining gambling and sports betting websites. Interestingly enough, women are signing up for sportsbooks faster than men, which has broken down the doors for a more vibrant industry.
However, that means many newbies dive deep into an ocean they have yet to explore. So, we hope this article can help you better understand the gambling industry and how these websites work. Follow these simple rules, and you will have a safer experience in the future.