Posts Tagged ‘online casino payouts’

Do You Know 100% for Sure You’re Getting a Fair Hand at Online Casinos?

Wednesday, August 11th, 2010

I don’t want to be one to gloss things over or shy away from accepting the “big picture”, so let me just say that many a U.S. online gambler is getting ripped off and doesn’t even know it.

How’s that you ask? How could I ever know such a thing unless I myself was doing or taking part in said ripping off? Well then, for all of you who would find it hard to believe that an unregulated online casino would do such a thing as steal money from under your nose, I beseech you to break out the smelling salts.

While the internet certainly breeds a convenience factor for online gamblers, not to mention all sorts of “free” promotions, the sheer fact that anyone can launch an online casino from just about anywhere in the world, means there’s a greater chance of coming across a shady enterprise.

This is nowhere more apparent than the waves of business activity that befall the still-in-demand U.S. internet betting market. Even with the dropping out of the top online casino software developers from the American market, there have been plenty of online casinos to sprout from thin air and take in millions of dollars from the coffers of gambling hungry Americans.

And no, not all of them are doing so honestly. If you look thoroughly enough at an online casino’s website, there is a good chance you will find something about “fairness”. I mean, let’s face it, you should, should you not? Any online casino that doesn’t brag about it’s fair odds isn’t doing much to earn player trust.

However, saying the games are fair isn’t enough – at least not in today’s unregulated American market. Sure, if the casino was being regulated by an esteemed gambling commission, this would speak for itself. However, even those online casinos which are regulated in strict jurisdictions are still forthright with their credentials and ongoing performance on the odds front. In other words, making payout percentage reports available for perusal should be a given.

However, many a so-called US online casino does not publish monthly payout reports, nor provide details about their regulatory requirements.

Now, some people will point out this doesn’t necessarily mean the online casino is cheating anyone. One could theorize that if an online casino never paid it’s players out, it would eventually go out of business due to word of mouth. However, the grim reality is that online casino operators have the capability of changing the software source code and subjecting players to unfair odds. That way, nobody gets paid out because there is no money to be paid out.

In a way, online gambling is like living in New York City. A slum lord doesn’t care if you move out and proclaim to everyone how sleazy of a landlord he is. The slum lord knows there will be another commuter, another transient, another life coming and going through the city that never sleeps, and who will rent out your old apartment, never the wiser…that is, until the person reaches the day in which the truth of the landlord becomes clear…and the vicious cycles repeats itself yet again.

So what’s the big deal about publishing a monthly payout report anyway? If you ask me, to not publish a payout report is prone to cause suspicion. What is the online casino hiding? Why are they holding back? I mean, come on, it’s not that difficult to have a payout report published. Apparently, these online casinos do not honor the concept of earning player trust, but rather, are in the business of taking money from uneducated bettors. But you can’t really blame ’em, can you. If players are willing to cough up their money, no questions asked, of course they are going to take it.

Remember, lot’s of these online casinos are not even being properly regulated. There certainly are a handful of honest operators, who despite not being required to meet certain regulatory standards, do so anyway on their own accord. These online casinos are the minority, however. The fact of the matter is that the other 90% of US facing online casinos could or could not be offering a safe and fair hand. Do you want to take that risk? Or would you rather get educated first. If it’s the latter, by all means, stick around here at OCS. Join our Online Casino Forum and start asking questions.

Go Casino and Online Vegas Publishing CFG Monthly Payout Reports by Jacobson Gaming

Tuesday, July 27th, 2010

CFG-SealThere’s no doubt you’ve heard of Go Casino and Online Vegas Casino, especially if you’ve surfed amongst the pages here at OCS. Rated in the Top 10 of all online casinos approved and reviewed at OCS, Online Vegas and Go Casino have endured the test of time and earned a fantastic track record with players from all around the world, including the USA. Owned and managed by the same company, Curacao-based Favian International N.V., Go Casino and Online Vegas are an exemplary definition of self-imposed transparency.

What I mean by this, is that unlike other online casinos which either lack in transparency completely (i.e., many of the gaming establishments based in Costa Rica) or are mandated to maintain a high standard of transparency (i.e., eCOGRA approved online casinos), Go Casino and Online Vegas hold themselves up to their own high standard of transparency.

So, what exactly do I mean when I say “transparent”? Well, first and foremost, a transparent online casino is one which does not just tell it’s customers how safe and fair they are, but provides documents prepared by recognized and accredited third parties attesting the same. The three most important documents you, the player, should always look for is a validation seal provided by the authority in charge of regulating the online casino, a software fairness seal attesting to the inherent fairness and proper functioning of the Random Number Generator (RNG) programmed into the software, and lastly, monthly payout percentage reports.

It’s important to have all three of these documents, or at least the first and the third, because a software validation seal alone does not guarantee the online casino isn’t tweaking the source code from month to month, especially when the casino is not being strictly regulated or not regulated at all (as is the case in Costa Rica). The payout percentage report essentially tells all.

That said, after the “glowing” introduction for Go Casino and Online Vegas, it should go without saying that these two online casinos have all three of these documents to show for. And the great thing about it all, is that they aren’t even required to do so. Is that a gesture of good faith, or what? While Go Casino and Online Vegas are certainly regulated on an ongoing basis (through the Curacao eGaming Licensing Authority; Netherlands, Antilles), until recently, they were not even required to link to a regulatory validation seal. Now, you can see that seal on the homepage of both casinos (as can you at all online casinos licensed in Curacao).

What’s even better, is that both Go Casino and Online Vegas are now publishing monthly payout percentage reports prepared by the esteemed independent software testing house, Certified Fair Gambling (Jacobson Gaming), which is overseen by mathematics and analysis expert, Dr. Eliot Jacobson (jacobsongaming.com), and whose associates include the likes of actuary, Michael Shackelford (The Wizard of Odds). They also hold credentials attesting to the inherent fairness of their licensed software platform: Vegas Technology.

So, just what do the numbers say, pray tell? See them for yourself! Here is the pdf document for the Go Casino June 2010 Payout Report and the Online Vegas June 2010 Payout Report. In the future, just click the CGF logo on the homepage of both casinos to see the most current payout reports.

This is pretty huge folks, especially for Vegas Technology Software. I can probably count the number of U.S. focused online casinos actually publishing monthly payout reports on one hand – and Go Casino and Online Vegas are two of them.

Now, this isn’t to say that other online casinos are not offering a fair hand or even receiving monthly audits. It’s simply that they are not taking the extra step to publicly share this information with their players and prospective players, at that. This is what online casino operator transparency is all about – and it’s something that we here at OCS will continue to urge other online casinos to step up. Currently, we are directing our efforts to encourage a number of highly rated RTG, Rival and Top Game-powered online casinos to publish monthly payouts.

In the meantime, OCS highly encourages prospective players to visit Go Casino and Online Vegas to claim thousands in free welcome bonus money, free tournament entries, staking a claim at over $410,000 in guaranteed tournament winnings for the month, and yes, getting a safe and fair hand. Read the OCS Go Casino Review and Online Vegas Review for more information.

Greater Transparency With Vegas Technology Online Casinos; New Casino and More

Wednesday, July 21st, 2010

Vegas Technology Casinos Now with Monthly Payout Reports

Vegas Technology Casinos Now with Monthly Payout Reports

I’ve been talking a lot about Vegas Technology powered online casinos this week – And guess what? I’m still not done talking. What can I say, I like to smoke ’em if I got ’em. And let’s face it – Vegas Technology Casinos are smokin’ hot right now. And no, it’s not just because they are one of the few software licensors whose online casino operators are still open to U.S. players.

What makes Vegas Technology Casinos popular these days is, quite frankly, a large and diverse guaranteed tournament schedule, lots of free bonus cash, and a pretty great customer service track record. Now, I’m not saying they are entirely spotless – and what software licensor is for that matter? However, considering the amount of business Vegas Tech online casinos like Go Casino, VIP Slots and Online Vegas are doing with U.S. players, their reputation is impressive.

Furthermore, many of Vegas Tech’s operators have been boosting their transparency. As mentioned in the previous blog post, online casinos licensed through Curacao eGaming are now required to display a Validation Seal on the homepage of their website. As for Online Vegas and Go Casino, they are now publishing monthly payout reports prepared by the independent software testing house, Certified Fair Gambling (CFG). How does a 96% average return on all games sound?

As for Vegas Technology’s flagship network of online casinos, English Harbour Gaming Ventures (EHGV), they too are certified fair by CFG. However, their certification only goes so far as the software platform, and does not include monthly payout reports. This is something which EHGV is going to need to do if they want to remain at the top of their game and in the running for U.S. player’s business – Players, mind you (cough, cough, pay attention) who are becoming more educated about online casino operator transparency.

For anyone not in know, Go Casino and Online Vegas are owned by the same company – Favian International. As for Golden Casino, it is thought there is some connection with Go Casino, although there is no proof other than their names being similar. Even if they are, who really cares, if you ask me. Eustacia International is the registered owner of Golden Casino with the Curacao eGaming licensing authority. They also own the OCS approved online casino, Crazy Slots.

And now there’s yet another addition to the family. Introducing Grand Vegas Casino. Not to be confused with the RTG powered Grande Vegas Casino (just one letter, I know), Grand Vegas is certainly going with a Vegas-esque theme. Decked out in red, white and blue, their website is obviously catering to U.S. players. And with good reason. Grand Vegas’ sister casinos has already proven very successful on that front. While we haven’t given an official recommendation to Grand Vegas (just yet), rest assured OCS believes in their experienced management team and will nonetheless be paying close attention to their early beginnings and ongoing track record.

The Lack of Transparency of Technical Systems Testing (TST) Online Casino Fairness Certifications

Monday, July 19th, 2010

Handing out RNG Certifications Quick and Easy, but so what?

Handing out RNG Certifications Quick and Easy, but so what?

First off, let me just say that I’m in somewhat of a bad mood. Therefore, if I come across as a little caustic and biting in regards to what I’m about to pontificate on, you’ll know it’s not entirely without merit. Heck, I’m probably not giving myself enough credit, considering I’m generally a very nice guy. Living here in Brooklyn, NY, some people would even say “too nice”. In other words, I think many of you may very well agree that I have a goddamn right to be pissed off.

Let’s begin then, shall we? So, about a month ago, the team here at Online Casino Suite (small but powerful, let me tell ya) decided to start an in-depth blog series uncovering the finer points of online gambling regulation. In particular, we thought it would be most helpful to explore the range of independent fairness certifications being awarded to online casinos regulated in “iffy” jurisdictions or those not receiving any regulation whatsoever, i.e., Costa Rica. I’ve said this a million times over, but I guess one can’t say it enough – Costa Rica does not regulate online casinos. They simply hand out business licenses. Woo Hoo! Go Costa Rica! Right?

Anyhow, we decided to contact these online casino software “fairness certifiers” one by one, asking them if they would be so kind to explain just how far these certifications can guarantee a safe hand, and depending on the type of certification and the regulatory jurisdiction, whether or not some online casinos are potentially offering less fair odds than others.

The big software fairness certifiers – as you may already know – are Technical Systems Testing, Certified Fair Gaming, Gambling Associates, Price Waterhouse Coopers, BMM International and eCOGRA. And of course, many of the top government-run regulatory jurisdictions, such as the UK, Gibraltar and Malta, do certifying of their own.

Of all of these aforementioned companies, we decided to start with Technical Systems Testing, otherwise known as TST – the main reason being that we have come across more irregularities with online casinos boasting a certification with TST. For example, the most popular group of online casinos operating on the Top Game Software platform, Rome Partners, sports a TST fairness logo on the homepage of their sites. However, not only does this logo link to a press release from nearly a year ago (not an actual certification), the press release describes an accreditation of the Top Game software platform, not of each individual online casino.

Why does this matter? Well, for one, it is unclear which regulatory jurisdictions allow online casino operators to change the source code of their RNG. This is essentially what delivers a fair hand or more or less fair hand. So, for an online casino “licensed” in Costa Rica, where ongoing audits are not enforced, a TST certification of the software platform means absolutely nothing. The online casino operator could very well go in and change the source code at any time.

I dare anyone to challenge me on this and explain how this is NOT possible. Believe me, I’m not saying I know without a doubt. But where’s the information pointing to the contrary. Nobody is taking the time to explain anything. And to be honest, it should be freakin’ TST!!!! They’re supposedly handing out the certification, are they not? But guess what? All TST wants is for Online Casino Suite to do a positive write-up about them.

So ya, after contacting them with these questions, they replied and said these were “very good” questions, albeit the answers to said “very good questions” would be lengthy and require some time to prepare. They then proceeded to suggest a phone conversation as an alternative, but have since stopped replying to our emails to set up such a phone conversation.

So, where are you TST? Can you please explain the validity of your certifications? Can you please explain why online casinos like Rushmore Casino, Silver Oak, Aladdin’s Gold are not given a certificate to link to, but just simply say they are TST Certified. I’m not saying they are not – All of the aforementioned online casinos are great in my book. But where’s the transparency? It’s freakin’ ridiculous that a company as global as TST (tstglobal.com) does not have a policy in effect governing how casinos may or may not display a TST certified logo.

So, please get in touch with me, TST – devonchappell [at] onlinecasinosuite.com. In the meantime, I’m onto the next phase of this blog series and will be contacting Certified Fair Gambling (CFG), which also just so happens to accredit a large number of U.S. facing online casinos. Maybe they can provide some better answers. Or should I say, answers period?

Online Casino Fairness 101: Turning to eCOGRA for Some Answers

Wednesday, June 16th, 2010

fist

How about a fair fist! Demand transparency from online casinos!

I don’t know about everyone else out there, but I have to say that I am increasingly becoming frustrated with the uncertainty of getting a fair hand online gambling these days. With more and more online casinos boasting software fairness accreditation claims, yet no mention of monthly payout reports, I’m beginning to wonder what is really going on behind closed doors.

Maybe there’s other affiliate portal sites out there wondering the same. The only thing is that I don’t hear anybody asking the tough questions that need to be asked. Well then, no more I say! And who better to help the industry with these answers than the purveyor of the highest fairness and transparency standards out there today: eCOGRA.

That said, I, Devon Chappell (on behalf of Online Casino Suite), have decided to start a blog series that takes a close look at how online casinos are regulated in the various jurisdictions out there. By means of writing emails to the necessary parties that can aid in our enlightenment (such as eCOGRA), and then publishing consequent correspondences, our aim is to better educate players. I can’t say if we’ll get the answers we want, but you can’t knock the intent!

Without further ado, email #1:  Legitimacy of Software Fairness Certificates (such as TST & CFG) and the Absence of Payout Reports

Dear eCOGRA,

This is Devon Chappell with Online Casino Suite. We are an eCOGRA approved portal site and would first of all like to thank you for all of your hard work in raising the standards for the online gambling industry. Speaking of which, that is precisely why I am writing today. My question does not necessarily pertain to eCOGRA specifically, yet I could hardly think of a better organization suited to know the correct information. We truly take great pride in being advocates for players, which we believe should include educating them about how it is they actually receive a safe and fair wager online – not just telling them they will get a safe and fair bet.

I understand if you don’t have the time to address these questions. However, I would greatly appreciate any feedback.

I’m fully aware of how the RNG works to deliver fair and random betting results, as well as the basic principle behind source code. However, what I’m not sure about is how exactly this interplays with regulation – more specifically, ongoing regulation. I am also unclear about these online casinos claiming to be approved by Technical Systems Testing, CFG or the like. Many of these online casinos don’t even link to certificates, and of those that do, the certificates are generally from a few years back and only state the name of the software and not the online casino. And, you certainly can’t find certificates at the websites of the folks handing out the certificates themselves!

That being said, I was hoping you could help answer these questions:

Does a fairness accreditation of the software necessarily mean the casino is fair, especially if said casino is regulated in a jurisdiction where source code changes are permitted? Would the casino then need to have an accreditation specifically for its own licensed platform – and a monthly one at that?

How does one know if they are getting a fair wager if an online casino does not have any payout percentage reports to show for?

Lastly, does anyone at eCOGRA know anything about the regulatory protocols of Curacao (Netherlands, Antilles)? We have a few online casinos listed at Online Casino Suite that are licensed in Curacao; however, for the life of us, we can’t find any official website that goes into details about the regulatory protocols here. It’s been said that the Netherlands Department of Justice does an initial due-diligence investigation, and we’ve also come across a “master licensor” known as Cyberluck, yet nothing is said as to how ongoing regulation is maintained.

We’ve heard that, depending on the regulatory jurisdiction, online casino operators are permitted to change their source code. Of course, so long as all the numbers match up come audit time, there is nothing wrong with that.  Do you know which – if any – of the non-UK whitelisted regulatory jurisdictions out there allow online casino operators to change source code? Kahnawake? Antigua? Curacao?

Honestly, Online Casino Suite is not so much concerned about the UK gambling commission and its white-listed jurisdictions, such as Alderney and Gibraltar. However, we are particularly concerned about some of the other jurisdictions out there. Also, we do not know if eCOGRA works closely with TST, but we are beginning to have our doubts about the legitimacy of their logo accreditation. I have tried contacting them to discuss these issues to no avail. And yet, they allow online casinos to display the TST approved logo – but with no actual accreditation to show for. The Rome Partners network of online casinos, including Rome Casino herself (highly reputable, all things considered), still links to a press release from almost a year ago, stating they are approved by TST – but there’s no accreditation to show for!

Sorry to get off track and making this long-winded, however, I am getting very frustrated with the industry! Thank you so much again for everything you guys do, and I pray for the day when regulation will open in the U.S. and Online Casino Suite can promote the hell out of eCOGRA and eCOGRA approved online casinos to the U.S. gaming community!

Dear eCOGRA, Thanks for listening.

Best Regards,

Devon Chappell

New Online Casino Review at OCS Qualifies for Homepage Listing

Wednesday, April 7th, 2010

There’s a new face in the online casino reviews directory here at OCS. In fact, this highly rated Rival Gaming powered online casino even made it to the OCS homepage. How’s that, you ask? What gives one online casino homepage precedence over another? Heck, as strict as we are at granting listings in our reviews directory, period, how is it that some online casinos are listed, while others – albeit equally qualified – are not.

Errrrrrrrrrr!!!!! (sound of screeching car tires) Hold it right there! What’s that you say? Two equally qualified online casinos may not get equal exposure here at OCS? One may not even get any exposure at all? Well, pray do tell, what gives?

First of all, these are some great questions. How do you know that we aren’t a conglomerate working on behalf of all the online casinos listed at OCS? For that matter, how do you know we are not Russian spy’s working on behalf of the President Pootin (I mean Putin) and his submissive love buddy ice skating pal, Evgeny Plushenko (who won the gold medal in Vancouver, by the way)? Seriously though, this would entail a conflict of interest and some serious bias would it not? And as much as I want to say, “Rest assured, OCS does not work for any of the online casinos listed on our site”, we fully understand that the most skeptic of the skeptics still might have some reservations trusting our word.

That’s why we always encourage our skeptic readers to do some further research and find out what others are saying about a particular online casino. And believe me, there is plenty of information out there. Google is your best friend! The only thing is that much of this information isn’t backed up, but is simply hot air. That’s precisely why you will find lengthy and detailed reviews of each of the online casinos listed at OCS. Not hot air, mind you, but rather, facts and objective observations.

But this still doesn’t necessarily explain why two equally qualified online casinos may not get the same amount of exposure on our reviews pages, does it not? Well, here’s the thing. OCS is not a directory of online casinos. In other words, we are not exhaustive, as opposed to a site like Online Casino City, which albeit, more exhaustive, does not provide the detail and comprehensive nature which our reviews provide. If we comprehensively reviewed every online halfway decent online casino in business today, we would be more like the Wikipedia of online casinos and overwhelm our readers with too many choices.

The other aspect you must consider is that while two online casinos are equally qualified in their credentials, that does not mean they are equal in areas of bonuses, payouts, customer service, loyalty rewards and a host of other factors. OCS takes into consideration the overall package. Believe us – It’s not about money. That’s precisely why we don’t accept paid advertising.

And yes, we take into consideration the fact that some online casinos are more willing to work with us than others. This is a good thing, for our selectiveness gives us more say when dealing with potential player complaints. Online casino operators know how hard it is to get listed at OCS. They would be foolish to not amicably deal with player complaints that potentially come through OCS. In other words, they are more willing to work things out with players when OCS is involved. When our referred players are happy, that makes us happy. Mind you, that doesn’t mean we are always going to take the side of the player. But if there is a dispute, a lag in customer service or any grey issue that needs resolving, we will always jump to the defense of the player.

In conclusion (let’s bring this back full circle, shall we?), that new addition to the OCS online casinos reviews section and homepage I talked about in the intro paragraph, certainly qualifies for a featured listing at OCS. The site is none other than Ruby Royal Casino, and as mentioned, is a licensee of Rival Gaming software. There are many Rival Gaming licensees in business today, and here at OCS we have just six Rival Gaming powered online casinos listed on our site. They all stand out for different reasons – And for Ruby Royal, it’s the fact they are the first – and currently – only Rival online casino to be given an operator TST approval.

For those not familiar with what a TST approval is, it means that the Ruby Royal Casino software platform has undergone extensive testing to ensure it is safe, fair and cannot be manipulated. TST, by the way, is an internationally recognized software testing facility. Furthermore, Ruby Royal Casino submits itself to ongoing payout audits, thus confirming payout percentages, which are verified by the actual TST reports linked through the Ruby Royal website. Considering the history of Ruby’s management team – Bonne Chance NV/Silverstone Overseas Ltd (which has been in business for nearly ten years), and the promotions offered at Ruby Royal – 200% up to $1,000 Free Welcome Bonus on a single deposit with 15x play-through – it’s pretty obvious to us that Ruby Royal Casino deserves to be on the OCS homepage.

For more information, read the OCS Ruby Royal Casino Review

Newbie Gambling Tips: Online Casinos or Brick ‘n Mortar Casinos?

Saturday, March 20th, 2010

Just like in the world of brick ‘n mortar casino gambling, the online gambling industry has its fair share of disgruntled players. Truth be told, the online gambling sector most likely has a higher count of dissatisfied players who either feel they have been cheated and/or are simply upset they did not come out with some profit from their online gambling adventures. Now, does this mean that online gambling isn’t safe or that the odds are not as good as brick ‘n mortar casinos? Of course it doesn’t!

Granted, there are unregulated online casinos in the business of taking money from players who reside in countries that do not regulate online gambling (cough, cough, USA). And when I say “take”, I don’t necessarily mean stealing money left and right. It’s more like, pay out players until money starts to run low, and if a big jackpot is hit, well then, make up a reason why that player is not entitled to their winnings.

So, where am I going with all this? Well, basically I want to let newbie online gamblers out there know that online casinos can actually deliver much better odds than land-based casinos. Just look at the payout percentage reports and you will see for yourself. Of course, not every online casino publishes its payout reports, and hence why you shouldn’t play at those online casinos. Of those that do – most notably, eCOGRA certified online casinos – consistent average returns exceeding 96% are much better than what you find at any brick ‘n mortar casino.

And yet, newbie players continue to gamble at online casinos without a lick of credentials. Most often, these players end up receiving flyers in the mail, promising a free $5 bonus chip or some other offer loaded with red tape, making it nigh impossible to win anything, let alone cash out any money. The players who get duped don’t take the time to first check out the credentials of the online casino, including players ratings and blacklists. And in most cases, these players were not even looking to gamble online in the first place!

The lesson then is this, folks: If you are not looking to gamble online, then don’t. And if you are, well then, do your research carefully. This should require hours of thorough research, perusing payout reports, checking out regulatory websites, and reading boring fine-print, which in the end, will pay off. How much will it pay off? Well, if you play at the best online casinos, get lucky, play smartly and incorporate good bankroll management, online casino gambling certainly can pay off better than the brick ‘n mortar casinos.

Online Casino Payout and Casino Payout Percentage Reports 101

Tuesday, January 5th, 2010

If you have ever been shopping around for an online casino, you have surely heard the term “payout percentage” thrown around. You may have thrown it around yourself! 🙂 And rightly so, for an online casino’s payout percentage is a reflection of how much money is going back to players in the form of winnings (calculated by dividing the sum of payouts by the sum of deposits, multiplied by 100%). Of course, a high payout percentage doesn’t guarantee you are going to win. The only thing that can do that is Lady Luck…and she’s a flighty one at that! In other words, playing at an online casino with a 97% payout average on all games does not mean you will have better odds of winning at an online casino with a 93% payout average on all games?

So why keep emphasizing payout percentage? If it doesn’t guarantee anything, why all the fuss? I mean, some online casinos don’t even bother to publish their payout percentage, and they seem to be doing just fine. Obviously, the bulk of players out there don’t pay it that much mind – or else they wouldn’t be playing. Perhaps it’s that most players don’t know any better. Well, if that’s you, my friend, please listen up.

An online casinos payout percentage report is important for several reasons. You’ll notice that I said payout percentage report and not just payout percentage. Again, some online casinos will claim they have a particular (high) payout percentage, but they don’t always back it up with an accredited report prepared by a third party (see the image to the right). Whose to say they are lying? Sure, they could get in big trouble and lose their license for doing that. But if the licensing jurisdiction is a lax one, who’s ever going to know?

This is actually one of the pro’s of gambling online – the high speed dissemination of information. If you see an online casino publishing a payout percentage report and want to check it’s validity, contact the auditor (listed on the report) by email and send them a link to the published report for verification. You should have an answer same day or next. Of course, you want to make sure the auditor is also legit. No worries there, for the online gambling industry is actually a close knit one and those of us in the know….well, we know who is accredited and who is not! You could also contact the licensing jurisdiction. For a list of internationally respected, third party auditors and licensing/regulatory jurisdictions, keep reading.

What I’m trying to get at is that just having an online casino publish a payout percentage report on their website says something. It shows that the online casino is transparent and understands the importance of earning player trust. Watchdog groups like eCOGRA actually require all of their approved online casinos to provide a link to such reports every month of the year. Payout reports for Go Casino and All Slots Casino are seen below:

Payout percentage report for Go Casino

Casino Payout Percentage report for Go Casino

Casino Payout Percentage Report for Platinum Play Casino

Casino Payout Percentage Report for Platinum Play Casino

For those online casinos that do not publish their payout reports, you will often see a software fairness verification document instead or a statement relating to the same. These are often prepared by the same auditors, and while they still hold credence, more questions remain. These reports show that the software platform being licensed by the online casino produces fair playing results in line with accepted norms, and that winnings can not be predicted (that’s why they call results generator a Random Number Generator, or RNG). Below is a verification report for Real Time Gaming Software (applicable to all RTG powered online casinos under regulatory licenses prohibiting source code manipulation). Immediately below this report are statements of certification for Aladdin’s Gold Casino and VIP Slots:

RNG Software Fairness Accreditation Certificate for Real Time Gaming

RNG Software Fairness Accreditation Certificate for Real Time Gaming

CFG Fairness Accreditation Certificate for VIP Slots Casino

CFG Fairness Accreditation Certificate for VIP Slots Casino

TST Software Fairness Accreditation for Aladdin's Gold Casino

TST Software Fairness Accreditation for Aladdin's Gold Casino

Now, any of the above is really all an online casino would need to divulge for adequate transparency if their regulatory license DOES NOT give the casino operators permission to change the RNG source code, which in turn, would change the payout percentage. Indeed, some licensing agreements allow this. Regulatory jurisdictions allow it as well. However, such regulatory jurisdictions will also require casinos to subjugate themselves to ongoing payout percentage reports to ensure the numbers are not being over-manipulated and running too low (FYI, the minimum payout percentage required for land-based casinos in Nevada is 75% (slots) and 83% in Atlantic City). If you are not sure if the online casino has a license allowing source code manipulation or not, contact the licensing jurisdiction to find out! And if the online casino does not publish payout reports, software accreditation document, nor licensing credentials (nor will provide any documentation upon request), be weary of playing there! On that note, further below is a list of of the most widely recognized and trusted regulatory jurisdictions and auditors you should know about. Immediately below are license certificates for English Harbour Casino (licensed in Antigua) and All Star Slots (licensed in Curacao; Netherlands, Antilles)

English Harbour Casino Gaming License

English Harbour Casino Gaming License

All Star Slots Casino Gaming License

All Star Slots Casino Gaming License

Reputable third party online casino auditors:

eCOGRA
Price Waterhouse Coopers
Gaming Associates
BMM International
Technical Systems Testing
Certified Fair Gaming (Elliot Jacobsen)

Another name worth noting is that of actuary Michael Shakelford, aka, The Wizard of Odds.

Reputable online casino licensing/regulatory jurisdictions:

United Kingdom (The UK Gambling Commission)
Malta (Malta Lotteries and Gaming Authority)
Gibraltar (Gibraltar Regulatory Authority)
Curacao (Netherlands, Antilles Department of Justice; Cyberluck);
Isle of Man (Isle of Man Gambling Supervision Commission)
Alderney (Alderney Gambling Control Commission)
Tasmania (Tasmania Gaming Commission)
Antigua and Barbuda (Financial Services Regulatory Commission’s Division of Gaming)

Other Jurisdictions (less regulation – casinos should be considered on a case-by-case basis)

Panama (Gambling Control Board of the Republic of Panama)
Kahnawake (Kahnawake Gaming Commission)
Costa Rica (Costa Rica Commerce, Industry and Economy Ministry)
Cyprus (Cyprus Government)

Note that only a small handful of online casinos licensed in Costa Rica and Kahnawake are approved and reviewed on the OCS online casino reviews page. All other approved listings come from jurisdictions in the topmost group. Also, the above list is not exhaustive. There are nearly 60 known licensing jurisdictions regulating various forms of remote wagering. The above mentioned jurisdictions are some of the more prolific.

The other thing about online casino payout percentage you should know is that (as I mentioned before) while a higher casino payout percentage does not guarantee you will win, it can give you better theoretical odds. For example, if Online Casino “A” consistently returns an average of 97% payout on its slot machines month after month, your long-term theoretical return will be higher than playing at Online Casino “B”, where a 90% payout is consistently returned. Granted, it’s not going to be a noticeable difference, and certainly won’t be for payout differences of just a few percentile. In other words, if Online Casino “A” is only offering a 100% welcome bonus worth $100 Free and Online Casino “B” is offering a 400% Bonus worth $500 Free, Online Casino “B” stands to be just as good a contender for opening an account (assuming all other things equal). Now, if an online casino is consistently returning the bare minimum of required payout percentage, you might as well find another place to play, which AGAIN brings up another advantage of gambling online.

As much as land-based online casinos hate to admit it, online casinos simply provide better payouts. The payout percentage reports speak for themselves. Most Vegas, Atlantic City and UK casinos skirt by the minimum required payouts, sometimes boosting up their numbers when they need some good advertising (land-based casinos can change the odds on their slots, so long as it meets the minimum payout), whereas licensed and regulated online casinos are known to deliver consistently high payouts in the upper nineties percentile. But don’t take my word for it. Now that you know the importance of online casino payout percentage and payout percentage reports (not to mention how to go about verifying the numbers), make your own informed decisions. Of course, if you need a little help in narrowing down the best of the best online casinos, I would be doing the OCS online casino reviews section injustice if I did not say it is a great place to start your search.