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Fraudulent online casino operator behavior

March 24th, 2010 | Author: admin

Fraudulent behavior on the part of online casinos has been documented. The most commonly reported behaviors are refusal to pay withdrawals or cheating software with rigged payouts. An online casino with multiple confirmed cases of fraudulent behavior is often called a rogue casino by the online casino player community.

One commonly reported behavior related to refusal to pay withdrawals is the refusal to pay withdrawals promptly. A rogue casino may intentionally delay a withdrawal in hopes that the player will continue gambling with the money in the account and lose it all back. Other rogue online casinos attempt to not pay their customers by retroactively applying unfair terms to their house rules.

Cheating software appears to be less common than payout problems.

Some casino software has been mathematically proven to cheat, such as Elka System/Oyster Gaming and Casino Bar. Screen shots from the back office of an older brand of software indicated the odds could be adjusted by the operator.

Many casino gambling portals and player forums maintain blacklists of rogue casinos. While some carry more authority than others, most blacklists constitute individual webmaster and player opinions rather than anything official from any type of regulating body.

(Source: Wikipedia)

Bonuses

March 24th, 2010 | Author: admin

Many online casinos offer signup bonuses to new players making their first deposit, and often on subsequent play as well. These bonuses are a form of marketing that may incur a cost (potentially justifiable in order to attract a new player who may return and deposit many more times), since the casino is essentially giving away money, in return for a commitment from the player to wager a certain minimum amount, usually a multiple of the deposit and/or bonus credited to the player’s account. Since all casino games have a house edge, the wagering requirements ensure that the player cannot simply walk away with the casino’s money, and indeed if the wagering requirements are sufficiently high, he may in fact have a negative expectation, exactly as if he had deposited without any bonus.

Casinos may choose to restrict certain games from fulfilling the wagering requirements, either to restrict players from playing low-edge games, or to restrict ‘risk-free’ play (betting for instance both red and black on roulette, thereby completing the wagering requirement with a guaranteed profit, after the bonus is taken into account.