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I set up my account with a credit card that I
rarely use so that I'd be able to keep track of
the charges and payouts. I recommend using a
card with a low limit to curb your losses in the
event of fraud. However, in general, the sites
are secure and honest. According to speakers at
the Global Interactive Gaming Conference in
Montreal, Canada (May 1012, 2000), security at
on-line casinos is as good as other Internet
sites, such as Amazon, and it has yet to report
any security-related fraud. They also know that
cheating their customers is bad for business, so
they tend to be honest. They want your money,
and they know that you'll spend more if you win
a bit. They know they'll win it all back
eventually, so they do pay out for wins. But
since much of the on-line gaming industry is
unregulated, there is no guarantee that the site
you've selected is legit. Some claim to be
accredited or licensed, but there is no
guarantee of honesty. (For more information on
security issues, go to the FAQ section at
clubchance.)
There is a lot of competition in the on-line
gaming industry. So, many sites offer bonuses
from 5% to 20% of your initial bankroll for
opening an account. This dramatically cuts into
their edge. But, there's a catch. You can't
claim your bonus and then just cash out. You
have to play two or three times the amount of
the bonus, sometimes more, before you can cash
out and claim your bonus. They also say that
they will not pay out the bonus if the punter
engages in irregular betting patterns, such as
covering the whole board in a game of roulette.
In addition, many sites offer prizes such as
trips or bonus rewards as incentives to keep you
coming back to the site.
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