Online Casinos: Legit Or Not?

Online Casinos: Legit Or Not?

By Adam Smith | Finance Contributor on August 1, 2017
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roulette table in casino close-up

Much has been written about the pros and cons, dangers and pitfalls, as well as the legality of online gambling. It is legal in over 70 countries worldwide and not legitimate in other nations such as the United States of America. However, the ease with which global netizens can access global internet sites makes it very difficult for the American Federal government to prosecute and convict individual players because they gamble online from home. It is also illegal for online casino websites to operate from within the USA which is why these casino companies operate from outside the USA’s borders.

What is an online casino?

Before we look at whether online casinos are legitimate or not, it’s important to understand the difference between legitimate and legal.

The BusinessDictionary.com defines legitimate as “Acceptable or recognized as genuine, valid, or conforming to established codes, customs, rules, or standards of conduct.” On the other hand, the word “legal” is defined as being allowed by the laws of a particular country. By comparing these two definitions, we can see that an online casino can be legal without being legitimate and vice versa. It can also be both legal and valid.

Simply stated, an online or Internet casino such as NetBet Casino is a virtual casino as opposed to a traditional brick and mortar casino. Ergo, an online casino allows people to gamble via the web while a traditional casino require players to travel to the casino’s physical location.

Ways to determine whether an online casino is legitimate or not

As stated above, there is a difference between legal and legitimate. In the countries such as Norway, Sweden, Denmark, Finland, Australia, and New Zealand. Even though an online casino might be legally registered in one of these countries, there is no guarantee that it is genuine. Therefore, the question that begs is how to determine whether an online casino site is legitimate and not fraudulent?

The good news is that there are a few simple tips that will assist in determining whether an online casino is legit or not:

Does the company make outrageous claims?

All forms of gambling are considered high-risk. Ergo, you stand a greater chance of losing money rather than winning.Therefore, any website that advertises that playing via their gaming platform is not risky at all is more than likely a scam.

Licensed and regulated

Reputable online casinos are required to be licensed regulated in the country from which they operate. Before you open an account with an online casino and deposit funds to gamble with, make sure that the business is registered with the country’s gambling oversight.

Positive reviews

There are a number of discussion forums and casino review sites that provide write-ups about each online casino. Industry experts often write these reviews; therefore, it is a good idea to avoid online casinos that have more negative reviews than positive reviews.

Final words

Online gaming is exciting and adrenaline-filled; however, it is better to be safe than sorry. Therefore, it is better to do your homework before you deposit any funds into a casino’s bank account.

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