The Importance of Auditing With Online Casinos

For centuries, people were trying to beat the odds by trying out their luck in gambling. The ancient Romans did it, the ancient Chinese did it, and up until today, gambling is still part of human culture. The concept of gambling has never changed up until today. You bet money on a particular game, and if you win, or the person you bet on wins, you get to win more money or sometimes double the amount that you originally wagered. Today, you will see that people from all over the world are now having a lot of fun with online gambling.

Online gambling has a lot of advantages. Because of this fact alone, people from all over the world visit online gambling websites and try out their luck. Here, you will be able to find different kinds of gambling. You can play casino games, such as black jack, different versions of poker, baccarat, and even slot machines and roulette. Whatever games you can find in a casino, you can be sure that you will be able to find it on some of the largest online gambling websites today.

In fact, there can even be games here that you can never find in any physical casinos. There are even sports betting websites available where you will be able to bet on your favorite sports teams in the NHL, NFL, NBA, MLB, and even in the NCAA. Horse racing is also very popular and betting can now be done through the internet.

Whatever type of games you like to gamble in, you can be sure that these games can provide you with a lot of fun and also a way to double or even triple the money you have.

However, there is still the question on whether there is a strategy in winning on gambling. In gambling, you have to remember that this is a game of chance. There is no guarantee that you will win and unless you can see the future, you will experience losing in gambling. There are theories existing on how to win in different gambling games. But, the real strategy in gambling is that you should never expect to win every time.

Gambling basically means risking something in order to gain something. If you want to win in gambling, you have to remember that the best thing that you can do is minimize losses and maximize your chances of winning. So, how can you do that?

First of all, you should never set a goal on how much money to win. If you do this, then you are always expecting to win. Instead of doing this, you should set a limit on how much money that you can afford to lose. This way, you will be able to know when to stop.

You have to remember that some people don't know when enough is enough. When they lose, they try betting more and more money in order to win back what they lost. In the end, they tend to lose a lot of money while gaining little. People also do this because of desperation. Maybe they wagered their children's college money? Or, that they wagered money that should be used for paying for the mortgage? Whatever it is, you should never wager something that you cannot afford to lose.

If you have some extra cash, then this is what you should only use for gambling. Also, don't think that because you are on a roll, you will never lose. It really is a good feeling to win one after the other. However, if your winning streak breaks, it's time for you to stop.

If you win, stop gambling and treat your winnings as a bonus. Buy yourself something nice for a change. However, if you lose, then you should stop and treat it as losing some of your extra cash that you can always get back on your next salary. And, most importantly, you had fun.

With this kind of mentality, you can be sure that you will increase your chances of winning and keeping your winnings as well as minimize losses. Online gambling can be a lot of fun. This is also what you should look out for. Even if it is online, it can still be addicting. Never take gambling seriously and only gamble for entertainment and never as a way to make a living.

Reputable internet casinos have their games audited by independent, third-party auditing organizations to ensure fairness to players. Auditing is a requirement enforced by the various licensing authorities and is also done to show players their business is fair and reliable. One of the main auditing firms is eCOGRA, which stands for e-Commerce Online Gambling Regulation and Assurance. It’s a non-profit organization that was established in 2002 for self-regulation of online gambling. eCOGRA makes its auditing reports available to the public, and if you’re new to online casinos, you should consider looking at these reports before choosing a casino.
eCOGRA offers three types of certificates that online casinos can earn. One certificate demonstrates that the operator’s games are fair, and that the business is responsible and safe. Another certificate is related to the casino’s random number generator (RNG) and demonstrates the fairness of the RNG used in games like blackjack, roulette, and video poker. eCOGRA analyzes casinos’ RNGs over a six-month period to ensure that the numbers are indeed random and game outcomes are unbiased. eCOGRA also creates the Percent Payout Review, which tells you average payout percentages for several game categories. They’re done monthly and represent average payouts.
How do you interpret the numbers on reports like eCOGRA’s Percent Payout Review? Well, if you find that a particular web casino in a particular month had an average percentage payout of 95.66%, it means that for ever $100 wagered in the games category you’re looking at, the casino kept $4.34. You may notice that with some games, the payout percentages are higher. In games like poker, strategy and skill play a part in the outcome, whereas for slots, winning is based on luck. So if you’re a new poker player and are excited to see a poker average payout of over 99%, keep in mind that there may be some very skilled players accounting for that high percentage payout.
eCOGRA is not the only independent auditor out there, however. Some of the other independent, respected online gaming auditors include Technical Systems Testing (TST), BMM International, Gaming Associates (Australia), Price Waterhouse Coopers (PWC), and Certified Fair Gambling (CFG).
The backbone of internet gambling is the software that runs the games. The software is what determines if the games are fair, and playing at casinos where the software has fairness certifications is a great first step in ensuring that you’re treated fairly when you play online. If the software is deemed and certified to be fair, then the next step to assure yourself that you’re playing at a reputable casino online is to check the monthly payout percentage audits and ensure they’re being done by a reputable, independent auditor.
Online casinos are a huge business, and most of them want to play by the rules and treat their customers fairly, because they want loyal players. They also know that if they are treating players unfairly, word can spread quickly, and they could be out of business in a hurry. There are, unfortunately, a few rogue casinos on the web, and you can help yourself avoid these by checking to see that any casino you play at has recognized, high-quality software (like that from Vegas Technology, Rival Gaming, or Realtime Gaming), and that audit reports are available for the casino’s monthly payout percentages.