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Is it safe to play bingo online for money?
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Posted On :
Jan-11-2012
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Article Word Count :
408
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Online bingo was once like the wild west, filled with cowboys but in the past several years there have been major developments in licensing, banking and software that has got rid of the cowboys, major players have moved in and online bingo has become a safe pastime.
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Everyone that has kept their finger to the pulse in the online bingo world must be aware of rogue sites in the past. Thankfully today, due to the online gambling regulatory bodies that are established and the way online payments have evolved, online bingo operators need a license to offer real money bingo and accept online payments. If an operator doesn’t have a license payment processors and banks simply don’t want to deal with them due to the high risk of chargeback’s and fraud. Licensing means regulation and financial reporting to one of the regulatory bodies and any operator that falls short of the often stringent financial and operational requirements runs the risk of losing their license.
Further to this almost all decent brands now use proprietary third party software by vendors such as Virtue Fusion, Bridgend and Microgaming. The lifeblood of these vendors is based on providing fair games with no loopholes so all have fully tested and certified RNG’s (random number generators) that ensure bingo balls and tickets are generated randomly protecting the interests of both the players and the operator. Therefore in the last several years it has become very safe to play bingo online for money and provided you choose a good brand not much can go wrong.
There are in excess of 300 bingo sites today and very few have reports of rogue status, however it is still advisory to choose a site licensed in white-list locations such as Gibraltar, Alderney, Isle of Man and Malta as these jurisdictions regulate and support their licensees very well. Other licensing jurisdictions including Cyprus, Costa Rica and Curacao are not strictly regulated and this usually indicates that the operator does not have strong financial and operational backing.
All well known, big and televised brands operate from white list locations mentioned above and in all but exceptional circumstances can be fully trusted both with finances, winnings and game fairness. Even the smaller less well known brands have very little reports of players experiencing problems due to the way online bingo has developed. In fact some of the operations that were less than reputable years ago have now grown into large trustworthy operators.
So the long and short of it is that these days it is safe to play bingo online for money and players should focus on looking for sites that offer a decent playing experience, good value and the best prizes.
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Article Source :
http://www.articleseen.com/Article_Is it safe to play bingo online for money?_132426.aspx
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Author Resource :
Fantasy Bingo is a portal and review site that keeps players informed on the latest developments. Learn where to play bingo online for money and find the best offers, playing experience and prizes.
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Keywords :
Play bingo for money, play bingo online for money,
Category :
Computers
:
Games
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