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Understanding Real Money Casinos

Understanding real money casinos is no easy endeavour. The industry of online gaming has undergone many changes over the years, and rules for playing the games can be different depending on where a player may be living. Some countries have made real money casinos illegal while others allow them to offer action to citizens without interference of any kind. Some countries have regulated online gaming and local governments oversee and draw revenues from the games played within their borders.

The first real money online casinos appeared on the internet in the mid-1990s, not long after the internet was established globally. These first casinos operated out of the Kahanawake Gaming Commission, Gibraltar and Antigua. Many online casinos still operate out of these areas though the industry has undergone many changes since then.

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The difference between real money and free play casinos

Early problems with bandwidth speeds and customer service helped to create a less than stellar reputation for some real money casinos in the early years. However, in the past couple of decades, the industry’s reputation has improved and new players have been able to trust that their funds and information would be safe with the top online casinos.

Real money casinos allow members to wager real money over the internet. Once the industry became established some governments wanted to place limits on advertising the sites, so ads that offered real-money action were outlawed in some countries, including the United States. Real money casinos then set up free play casinos that offered the same games as their real-money software, usually addressed with .net.

Free play casino skins of real money casinos not only allowed online casinos to advertise they also gave online slots players the opportunity to play new games without having to invest any money first. Once they tested out a game in free play mode they could then try their luck in a real money skin of the software.

Free play sites did not require any sign-up process so it became easier for new players to experience the games for the first time. Once they decided to move up to real money action they had both free play and real money games at their disposal, which comes in handy every time a new game is being offered.

Where can I play at real money casinos?

Real money online casino action is legal in most countries. Some allow the casinos to operate without interference, some countries regulate the games, and others have tried to make it illegal for companies to do business with offshore online gaming providers. In the United States it is legal to play slots online but banks can be prosecuted for approving industry-related transactions.

Countries like Canada and Costa Rica allow online gaming to operate without any interference and don’t even charge winners taxes. Winnings are tax free and industry-related banking is processed as easily as any other transactions. Players are able to deposit funds and withdraw winnings with ease, as long as they play at a reputable online gaming site.

Countries such as the U.K. have regulated and draw tax revenue from the real money casinos that are approved to offer online gaming action to their citizens. Offshore gaming providers have to cut a percentage of all the action that takes place within the country’s borders.

A few countries have outlawed real money casinos completely. Most of these countries don’t allow any forms of gaming within their borders while others are in the process of regulating the industry before they allow real money casinos to operate within their borders.

Are real money casinos safe?

Most real money casinos offer players the highest level of security. On a trusted site, all personal information a player may give a real money casino while filling out a player profile is encrypted and protected from pirates and third party companies. Information is never sold and player funds are always available to them.

There have been instances in the past where some shady online gaming companies had less than fair practices. New real money casino players should always opt to play on a site that has established themselves as a trustworthy site that always puts player needs first.

Players should also make sure that the casino they choose to play on has been regularly audited for randomness and fairness in their games. There are lots of watchdog websites that offer information on which real money casinos offer the best security, services, and deals to players.

It’s worth the effort to research where the best real money casinos can be found and to stick with providers that have a proven track record within the industry. This will ensure that every time a player tries their luck in a real money online casino they will not be getting taken advantage of by some commissioned site.