Real Money Casinos
Online casinos are unique in that you can choose to play just for fun with nothing at stake or wager with actual money. Real money casinos offer a great opportunity to browse and practice different casino games without spending anything and only change over to real wagers when you are ready. A traditional Vegas casino would never let you do that!
Any game found on a casino floor can be found online, and the full range of real money wagers for each of these games is also available. Finally and most importantly, from a betting perspective, online casinos offer a number of significant advantages.
Player's Guide to Real Money Casinos
In this guide, we'll go over the basics of wagering at an online casino, and the advantages that online players enjoy. Safety is also important, as not all online casinos are as well-regulated as the traditional casinos in gambling meccas like Las Vegas and Macau.
How Do I Place A Bet at a Real Money Casino?
In order to play on live casino floors, you're limited to cash or opening a line of credit. Online casinos allow you to fund your account with just about any payment method available today.
But first, you'll be asked to send documents that prove your identity and current place of residence. You'll then be able to deposit money using any of the following methods:
- Credit Cards
- Wire Transfer
- eWallet Services (PayPal, Skrill, Neteller, Moneybookers)
Some real money casinos are also starting to accept BitCoin and similar decentralized electronic currencies, though this isn't as common as the other methods listed. You may see some that also accept cashier's checks or money orders.
Once you've funded your account, you are free to begin playing. Deposits are generally credited to your account immediately. The lone exception is if you're in the United States or a similar territory that forbids online gambling, and you are attempting to deposit to a casino outside the country. Some of these casinos will accept players from these territories in spite of the local laws, but it's not uncommon for the player's bank to delay or outright reject the transaction.
The Deposit Bonus Advantage
One of the biggest advantages online real money casinos offer is the incredible range of deposit bonuses. You'll usually get the biggest one with your initial deposit into a new account, but you may also see smaller bonuses every time you replenish your account. If you're gambling enough to meet the playthrough requirements, these bonus funds can actually give you a slight advantage over the house.
What About Withdrawing Winnings?
Most casinos allow you to withdraw winnings the same way you deposited them (or you can choose an alternative method if you prefer). Not surprisingly, the process takes longer than a deposit; from a day to a week depending on the casino and your chosen withdrawal method. Be aware that casinos may put daily, weekly or monthly limits on withdrawals as well.
Real Money, Real Safety at Online Casinos
To protect themselves from fraud, casinos will ask you to send identifying documents. This is standard practice at reputable casinos and an extra measure of security that protects everyone who plays online real money casinos. They will ask for a scan of your passport or driver's license as well as a bank statement or utility bill that proves your place of residence. If you want to deposit or withdraw with a credit card, it's not uncommon for casinos to ask for a scan of the front of the credit card as well.
Good casinos can be trusted with this information and they have a valid reason for requiring it. In the wrong hands, namely an unscrupulous casino, this information could spell disaster for you. So how do you screen out the charlatans?
First, see if they are regulated by a government agency with a good reputation. The gold standard for oversight is the UK Gambling Commission, but the Malta Gaming Authority, Gibraltar Licensing Authority and Alderney Gambling Control Commission also have very good reputations.
Generally speaking, look for agencies in countries that only allow online casinos to operate within their own national borders. The reviews are mixed for countries that allow casinos based within their borders to operate internationally. Also, just because a country is a certain size or has other alluring qualities does not mean they regulate online casinos properly!
Mobile Casino Gameplay – Cleopatra's Gold Slots
Playing for Real Money Online
With the freedom to experiment with risk-free practice games at no risk, and more lucrative bonuses available, you may find online real money casinos more rewarding than any live casino floor. The increased flexibility in funding your gaming and withdrawing your winnings is an added bonus. As long as you check the credentials of your chosen casinos carefully, you can gamble with real money online with no worries.