Have ever been tempted to play at an unlicensed online casino? If you have, let us tell you why it’s a bad idea. While not all unlicensed sites are scams, playing at a licensed casino significantly reduces the risk of fraud or unfair practices. Let’s look into the reasons why, starting with why licenses matter.
Why Do Casinos Need Licencing?
Players in Canada and around the world have learned to recognize the various different gambling licences.
For players, a license indicates that the casino has met the necessary standards set by a recognized regulatory authority.
If you’re concerned about safety when gambling online, like most players, it helps to know that casinos have to meet every single prerequisite in order to qualify for a licence. Licensing bodies help protect players by ensuring that only compliant and reputable sites operate legally
But the initial licence is just one step in a long journey of continued regulation and regular audits that the licensed sites must endure.
Although the licensing process is stringent for operators, it ensures greater transparency and player protection.
The casino owners are also thoroughly investigated. Applicants with a history of financial misconduct or lack of transparency typically do not meet licensing requirements.
Licensed casinos are more likely to provide a secure and fair gaming environment, supported by regulatory oversight.
Qualities Shared by All Licensed Casinos
Every casino site is unique.
While licensed casinos vary in design and game selection, they all adhere to regulatory standards for fairness and security.
However, there are a few characteristics or qualities that all licensed casinos share. These qualities make it worth your while to play exclusively at licensed sites.
Some of these shared traits include:
Provably Fair Games
One thing you can count on from licensed sites is that all games are provably fair.
These casinos regularly have their games tested by independent testing bodies like eCogra to ensure fairness and impartiality.
As a result, there can be no room for doubt as to the fairness of their live dealer games and the functionality of RNGs in software-based casino games.
Reliable Payouts
Licensing bodies are very particular about payouts. After all, every player will be depositing and (if luck is on their side) withdrawing at some point in their internet gambling journey.
Keep in mind that licensed sites have had each and every payment method thoroughly analyzed to make sure that it is legitimate, timely, and above all, reliable.
If there’s ever some sort of payment mishap, or your chosen casino refuses to pay out, you can bring the issue to the relevant licensing body.
If they can’t help you for some reason, they’ll send you to a good third-party resolution agency.
Top-Notch Security
It’s comforting to know that licensed sites use the latest encryption and security technology to keep your sensitive data safe. You needn’t worry about your information being misused after inputting your contact details or submitting verification documents at these casinos.
Different Types of Casino Licences
There are a number of recognized online gambling regulators out there. We’ll mention some of the more prevalent regulators that you might come across:
Final Thoughts
Whether it’s safety and security, reliable payments, or provably fair games that you’re after, you’ll have found that licensed real money sites are your best bet.
Worrying about security breaches or missing payments is sure to dampen the spirits of any online gambler. Choosing licensed Canadian casinos helps ensure secure transactions, fair gameplay, and recourse in case of disputes.
