Jul
30
2019

Free Casino Chips and Honest Online Casinos

An understanding of the relevance of free casino chips must be put into its proper context: are the offers of the free chips coming from honest online casinos?

The first online casinos opened 10 years ago, and now there are hundreds that can be found online. Estimates vary as to the number of people who gamble online, but recent estimates suggest that a figure of around seven million worldwide would not be too far out. Taking that into account, and with a further estimate of more than $12 billion spent in online casinos alone (not including physical land-based casinos), offers of free casino chips may understandably be seen as something of a drop in the ocean.

Add to that the question of whether or not these free chips are being offered by honest online casinos, and we enter an area worth some study or serious research.

Firstly, let us consider what these free casino chips are really worth to the individual online casino player. Free casino chips are of four main types:

No Deposit Bonus. This is simply free money. Honest online casinos will offer free casino chips with no strings attached, simply to attract people to play at their virtual tables. There will sometimes be minor strings attached. For example, the casino may ask for credit card details up front. Always read the terms.

Matching Deposit Bonus. This is where the house will match your deposit. Often this is done in multiples. For example, a 200% bonus will mean that if you were to deposit $100 then the casino would add $200 in free casino chips to your account. Very nice! Especially useful for new players starting out.

Uncashable Bonus. This is the so-called ‘sticky’ bonus. This can never be cashed, but its usefulness lies in that fact that it stays in your account and enables you to use the bonus account to ‘leverage’ higher wagers. These free casino chips stay latent in your account simply to allow you to do things which you otherwise could not.

Loyalty Bonus. This is exactly as it sounds. All honest online casinos, and offline ones too, want to keep hold of their good returning customers, and will offer loyalty bonuses, including free casino chips, as a result.

Remember that online casinos can afford to do this because they simply do not have the overhead that their brick and mortar land-based counterparts have. Equally, there is no excuse for an online casino NOT to be honest for exactly the same reason. They can offer free casino chips AND be an honest online casino in circumstances where their physical equivalents would find the financial burden impossible.

So how do we go about identifying which are the honest online casinos and which are not? Well, a lot has changed since the earliest online casinos set up shop in their offshore locations in 1996. Self-regulation (at best dubious) led to accreditation of bodies like ECOGRA (E-Commerce Online Gaming Regulation and Assurance). Look out also for evidence of good customer care, positive feedback from online casino forum members and decent helpline facilities. The more honest online casinos will offer (will actively boast) 24 hour live chat and live email support as well as toll-free telephone help. Does it have a mailing list you can join to keep in contact with the latest tournaments and special offers? Trust lies at the heart of any subscription process (or people would not subscribe) so that in itself is a good indicator of an honest online casino.

Transparency of accounting systems is another good indicator of honest online casinos. When testimonials are published make sure that it is from more than a set of initials, and make sure they have a state or country. Free casino chips may be ‘virtual’ in concept, but they are used by real people!

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Jul
22
2019

Buying Chips For Online Gambling

Buying chips and credits at online gambling web sites seems to become more difficult with each passing month. Legislative changes combine with policy changes at processing companies to create an environment that is constantly changing and sometimes difficult to keep track of.

The early days of online gambling offered few options for funding your casino or sportsbook account. Prior to the internet poker boom, most sites dealt primarily with credit card billing. A few casinos, mostly using the Microgaming software platform also used a platform by Surefire Commerce, which later became FirePay.

With few options, direct billing of credit cards remained the main option for years, despite the numerous headaches involved. The transactions were considered high risk by banks, so they carried stiff fees, and consumers would often dispute the charges if they did not win. A new alternative was desperately needed, and the PayPal electronic wallet soon stepped up to fill the void.

By the end of 2002, PayPal had been absorbed by online auction giant, eBay.com, and had ceased all internet gambling business. At this time a company called Neteller entered the market to provide an electronic wallet that catered to the online gambling industry. Although many others also entered this market over the next few years, Neteller remained the dominant force in the world of processing payments to and from online casinos, sportsbooks and poker rooms.

In March 2007, Neteller bowed out of the market due to increasing legal pressure from the United States. That is to say that the company stopped processing transactions for the US and Canadian customers that make up the majority of internet gambling customers. Since most people utilized the services provided by Neteller, the move left many wondering exactly what options are still available to them. There are, of course, several methods that are still viable options for funding an internet gambling account.

Credit Cards – It seems that the industry has come full circle, as online gambling sites are once again recommending the use of Visa and Mastercard as the primary method for funding your online gambling account.

ePassporte – ePassporte is an electronic wallet that allows you to send and receive money anonymously to anywhere in the world. The system is based on a prepaid virtual Visa card that is reloadable. You can sign up for an account at epassporte.com

Click2Pay – While ePassporte handles a number of e-commerce industries, Click2Pay is an electronic wallet that was designed specifically for the online gambling industry. This gives Click2Pay an insight into the industry that puts them ahead of the curve when compared to other payment options. Sign up for an account today at click2pay.com

Check By Mail – Old fashioned checks and money orders are always welcomed. The only downside is that you wont have credits in your gambling account immediately, since it takes time for the check to be mailed to the online gambling establishment.

There are other options available for funding gambling accounts. New methods are being added all the time. For an updated list of available options, you can contact the online casino, sportsbook or poker room of your choice. They will be more than happy to tell you the best available option for buying credits to gamble with.

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