By Whom Are Casino Games Licensed And Regulated?
The licenses and certifications are an essential part of security at the casino. It's a key to know about them, as it will help you determine if the gambling site is good or not. It’s also crucial in assessing the security level of the gambling website. In this article would like to talk more about the gaming licenses. We will touch the general gambling licenses as well as the certificates for the casino software.
Who Licenses Casino Games?
A software provider can have the licenses of some regulatory authorities that also license gambling sites. There are well-known institutions like the UK Gambling Commission or Malta Gaming Authority. There are more of them, though. Curacao, Alderney or Gibraltar also do provide casino games licenses.
Which One Is The Best?
Generally, the more licenses, the more trustworthy the software provider. A game provider usually applies for as many as possible. That is because it enables the brand to provide games to more websites. The licenses aren’t equal. Some of the regulatory authorities don’t test and check the games thoroughly. But there are good examples, too. It’s a well-known fact that the UK Gambling Commission take it’s mission seriously. The government of the UK provides its citizens with all necessary information regarding gambling. Therefore, you can read the testing strategy of games done by this regulatory authority. When it comes to testing the fairness of games, they have to get the help from third-party game testing houses. They also provide you with information about test houses approved by them.
How Does The Casino Games Licenses Test Fair Play?
The most important part of testing the games is checking their Random Generator System. It’s essential for testing games that are driven by RNG. For example casino online tables, slots, bingo games or virtual betting. A fair game needs to have its outcome entirely random. There is an expected payout rate in every game. It’s achieved by the game design, though, rather than through fixed RNG. The outcome of the game needs to be random at all times to be fair for the players. That’s why regulatory authorities are so keen on testing the RNG mechanisms of the games.
There is also another important part of testing that casino games licenses need to take into account. The Return To Player (RTP) is an expected, theoretical percentage of money that return to the player. This is the way the casino earn money from RNG based games like slots. That is because the RTP can range from 89% to 97%. Of course, this is calculated and expected the amount of player money return. Remember that the game is still entirely random. Therefore, the RTP applies to huge scale only. In a good casino, the RTP should be monitored and disclosed to players in real time. It’s always the case with randomness that it applies to huge scales. You can easily roll 1, 3 or 5 with a dice five or ten times in a row. However, if you did 10000 rolls, you would roll the numbers 50% of the time.
What Randomness And Return To The Player Mean For Us?
What does it mean to us as players? It’s possible to win big in the casino in the short time. That is because the RTP doesn’t apply to individual experience. But beware! It’s also often the case that you will lose money faster than you should. Then, it’s a double-edged sword. Because RTP is about 92%, it’s just a bit more likely that you will lose big than you will win. It’s still probably worth to take the risk considering the fact you can hit a bonus feature in the slot and win huge from it.
However, many people will say that when you lost big at the casino, you shouldn’t chase your losses. It’s one of the basic rules of responsible gambling, indeed. People probably say it out of common sense, but it’s true. If you take into account that the expected Return To Player is about 92%, it means that the longer you play, the closer you are to achieve it. In other words, after a loss, you play to recover your money, but as you play more, the mathematical return slowly applies to you. That means it’s very hard to recover the money from a huge loss. It’s much better to take a break from gambling and try again later, maybe with smaller bets.
How To Check The Casino Games Licenses Of A Provider?
It’s quite simple – google it and find their website. The software providers have their main pages where they list their certificates and casino games licenses. When you see some gaming provider brand in your casino and want to check it out, try clicking it. If it doesn’t direct you to its site, google the brand of it and access their website. On the bottom, there should be all licenses and certificates visible.
Who Certifies The Games Are Fair?
It’s best to look for the test houses approved by the UK Gambling Commission. We list them below:
- BMM Testlabs South Africa
- BMM Spain Testlabs
- Gaming Associates Europe LTD
- Gaming Laboratories International LLC
- GLI Europe BV
- GLI Austria GmbH
- GLI Test Labs Canada
- iTech Labs
- Nmi Certin BV
- Nmi Metrology & Gaming Ltd
- QALabs Pty Ltd
- Quinel M. Ltd
- Slovenian Institute of Quality and Metrology (SIQ)
- SQS Group Ltd
- Trisigma B.V.
We hope we’ve helped you with getting knowledge about the casino games licenses. We wish you big wins and huge fun from casinos!