Following our discussion of unfair gaming software in our
previous tip, we would now like to shed more insight on
what to look for when seeking out online casinos that are
compliant with ongoing fairness and security regulations. It is necessary to put emphasis on the word "ongoing", for
there are some casinos out there claiming to be fair and
in compliance with minimum payout percentages.
What some
of these sites are suspected of doing is spiff up
their operations for a month, obtain a legitimate payout
report, publish the report for all their site visitors to
see, and in the meantime, cease all future audits and hit
their unsuspecting players up with unfavorable odds.
For
example, we recently came across an online casino that had
a payout percentage report on their site from over a year
ago. The link that led to this report was entitled
"Fairness". So what? This only proves they had these
payouts during that particular month over a year ago. This
does not guarantee the payouts are going to be the same
for the current month.
This is what we mean when we say
"ongoing" compliance. When looking at payout percentage
reports, which should always be prepared by independent
third party auditors (Price Waterhouse Coopers and
Technical Systems Testing are two of the industry's
leading auditors), be sure they are for recent months.
Granted, it takes at least the month after to prepare the
report, resulting in maybe one or two months delay before
the previous month's report gets published. However,
depending on how long the casino has been in operation, a
truly transparent site will have payout reports available
for all months prior.
While this is one of the most
certain ways to verify ongoing fairness compliance, there
is yet an even newer protocol called
Total Gaming
Transaction Review, which was recently introduced by eCOGRA. We will go into more detail regarding this in our
next tip.