| FREQUENTLY ASKED QUESTIONS
- Is online gambling legal?
Where are the Casinos and Sports Books located?
How safe are Internet Casinos and Sports Books?
How fair are Internet Casinos?
How does the software an Internet Casino uses affect my chances of winning?
What are the pros and cons of Internet gambling?
Do I have to pay taxes on my winnings?
How does internetCasino Rankings evaluate and rank Internet Casinos?
How often are rankings updated?
How much does it cost to subscribe to internetCasino Rankings?
1. Is online gambling legal?
Every region throughout the world has different laws, and they change from time to time, so we can't really answer that question. To be sure, you should contact your local legal representative to answer any of your questions.
2. Where are the Casinos and Sports Books located?
All Internet casinos are located outside the U.S. They are generally licensed in the country they are in and have to report to the local government (although to varying degrees depending on the country). Antigua, Curacao, St. Kitts, Grenada, Dominican Republican, Gibraltar, Cook Islands are just a few countries that license online casinos. Having said this, though, many of the companies that run casinos offshore are actually operated from the US - it is just their servers that are located offshore. Indeed, several of the companies are listed on the NASDAQ stock exchange.
The reason these small countries allow online gambling operators to set up is because it can help boost their economy. Companies pay up to $100,000 to gain a gaming license in these countries, as well as paying ongoing taxes to the local government.
We at internetCasino Rankings know which countries have the strictest fairness and reporting laws and take these facts into account in our Ranking System.
3. How safe are Internet Casinos and Sports Books?
So far there have been very few problems with licensed casino payouts and deposit security. Many of the jurisdictions require that the licensee post bonds of cash or insurance as part of the license requirements.
Your personal security (including credit card details and other personal information) should also be guaranteed under license agreements. Most casinos and sports books use secure servers to conduct all of their transactions, and all information about you is held offline. Many also take out insurance against fraud.
internetCasino Rankings takes into account an Internet casino's licensing and insurance requirements as part of our Ranking System.
4. How fair are Internet Casinos?
Online casinos are fairer than many people realize. The "house" is happy making the normal profits of gambling. Indeed many of the casinos give better odds because they do not have the overhead of a land-based casino. However, all Internet casinos are not created equal.
In many of the countries, the computer programs must be submitted to the government for thorough checking of fairness toward the player, and the casino also has to be audited by one of the big six international accounting firms.
The most important part of an online casino is a specially designed program called the random number generator. This is the program that generates a sequence of numbers that correspond to various card types, dice throws, etc. A good random number generator is one that generates numbers that are evenly distributed and not correlated and remain completely unpredictable.
If a random number generator is evenly distributed and not correlated, each number will be hit approximately the same number of times after a large number of runs. If a random number generator is unpredictable, you will not be able to predict the next number in a series no matter how many previously generated numbers you have studied.
internetCasino Rankings looks at payout percentages, winnings and casino software utilized as part of our Ranking System.
5. How does the software an Internet casino uses affect my chances of winning?
The casino software is the backbone of any Internet casino.There are five primary casino software providers to the online casino industry. It is our experience that in real time play, two of these providers have very poor reputations for fairness (i.e. the odds are not fair to the gambler) and any Internet casino using their software would never make our Top 10 list.
That is why we say……….Why gamble on the wrong website?
6. What are the pros and cons of Internet gambling?
There can be no debate that online gambling is a lot different than gambling in a physical casino. In some ways it is better and in some ways it is worse. Below are some pros and cons of online gambling compared to gambling in a "real" casino.
Online gambling is a competitive business and many casinos will offer a lot to get and keep your business. Many will offer sign-up bonuses to new customers, adding 10 to 50% of their initial deposit to their bankroll (see below for more on this subject). Some will randomly deposit money in customer accounts and others will give away vacations for specified levels of total money bet.
The rules are usually better than in physical casinos.
You don't have to travel long distances. The casino is in your own home.
You don't have to suffer real casino annoyances.
You don't have to feel obligated to tip.
On some online casinos, you have to be patient about getting your money after you cash out. In addition to waiting periods on the casino end there are also delays on the credit card end. Debit cards are much faster taking only about 3 to 5 business days.
Customer service can be spotty depending on where you play. Some places offer great service via e-mail and a toll-free number. Others take several days to reply to an e-mail, have no known telephone number, and generally seem like they just don't want to be bothered aside from taking your money.
The player has no power or authority to turn to in the event of a dispute. Usually in the player agreement it says the casino can make up the rules as they go and in the event of a dispute the casino's word is final.
If you play at a lot of places your credit/debit card statement will be a nightmare to balance. Transactions seldom indicate the name of the casino you played at but instead specify the merchant bank.
internetCasino Rankings definitely take into account things like customer service, dispute resolution policy and speed of payout in our Ranking System.
7. Do I have to pay taxes on my winnings?
Paying taxes on your winnings depends upon the jurisdiction in which you reside. Certain countries have strict privacy laws and the casinos will not have financial information disclosed to anyone. Your winnings are up to you to declare.
8. How does internetCasino Rankings evaluate and rank Internet casinos?
We at internetCasino Rankings have developed a proprietary system to evaluate online casinos and sports books.There are so many variables to consider, the average gambler does not take the time, nor in our opinion, should take the time to evaluate every online casino they are contemplating playing.That is where we come into play.
Our Ranking System is based upon a complex matrix system whereby points are assigned to different criteria and the criterion is assigned different weightings based upon their relative importance.We consider all the factors that you would, plus many more, and generate relative rankings of online casinos.The result, in our opinion, is the 10 best online casino websites on the Internet.
9. How often are rankings updated?
The internetCasino Ranking System is a dynamic approach to casino evaluation and the rankings will change periodically as new information is input into the System.Since the rankings change on an irregular basis (they could change daily, weekly or any other period of time), we recommend subscribing to our free updating service to give you up to the minute changes in our Top 10 rankings.
10. How much does it cost to subscribe to internetCasino Rankings?
There are no charges or membership fees to our Top 10 list and updates are also free.