Online casinos are more popular than ever today and many people choose to gamble a little money in return for the chance to land a big win. What goes into setting up an online casino, from a technical standpoint? What is some of the legislation protecting the players while they gamble online? If you have ever wondered about the underlying technology that makes it all possible, then this is the article for you.
How Do You Launch an Online Casino Startup?
Setting up an online casino is no easy feat. First, you will need an amazing concept and brand to help you stand out amongst your competitors. You will then need to reach out to top software developers so you can get the best game selection, including all the hot releases, to help keep you ahead of the competition.
Choosing a white-label solution will help to give you everything you need; all the best software, banking, security, and games you could ask for. You will then need a domain, and customer service and tech staff to help customers with any problems. A blog can also be provided with handy tips and tricks such as which bonus feature is best or how to play video poker. This can attract traffic to your website for help and then they may choose to stay based on what you have to offer them.
Relationships Between Developers and Operators
If you want the best games for your casino then you need to go to the best developers. The three topping the industry consistently are NetEnt, Microgaming, and Playtech. However, these games obviously come with a price. This usually involves a monthly fee plus a cut of any profits their games make.
In return for their software, you will get their catalogue of games which can include both slots and table games. Players want options and that can include slots, poker, bingo and more and developers have plenty of options for you to pick from.
Favorite Casino Game by Country, 2017
Source: newzoo.com
It is not uncommon for a casino to have a partnership with several software providers. Whether you are looking to set up your own casino or are just searching for the perfect one for you, your first port of call should nearly always be to look at what games are on offer to you. Every casino should offer games by at least one of these top developers to even consider becoming one of the best casinos in their country.
Security
As you can imagine, casinos take their customers financial and personal information extremely seriously. Casinos tend to use 128-bit SSL security, one of the toughest encryption technologies currently available on the market. As these technologies become ever-better, we imagine that the casinos will upgrade and make changes to keep up.
An online gaming provider cannot afford to have security vulnerabilities. One breach could mean losing millions worth, of investments and players. As players, the best thing you can do is choose a provider which prioritizes your financial protection while an owner needs to make sure they are doing everything in their power to keep the information safe.
Banking
Many casinos offer a wide variety of ways for you to bank with them . As well as excepting major credit card providers like Visa and Mastercard, they frequently use e-wallet solutions like PayPal, Neteller, or Skrill. These are all safe and secure third-party options you could use if you are not comfortable entering your bank details.
There will probably be a minimum deposit and withdrawal amount and there may also be a transaction fee to pay during the deposit/withdrawal process. It is important that you pay attention to the terms and conditions of the particular site that you’re on, when completing your transactions.
Fair Play
As a player, one of the biggest concerns is whether the casino games are rigged. A a reputable gaming provider, will clearly state the game’s Return-to-Player value in the information panel in the rules or terms and conditions. This ‘RTP’ is a percentage which lets you know the average you can expect to receive back while playing the game.
So, if you place £100 on a game with a 96.5% RTP, you can expect to receive an average payout of £96.50. This is only the average though, so it is important to remember that you may still win or lose more than this value.
Another factor online casinos use to ensure fairness is the Random Number Generator (RNG). This is a handy tool which randomly determines what the reels or cards will come next. With this amazing tool, you know that you are never going to be playing a rigged slot or card game.
The path from RNG to the reels
Source: safecasinos.org.uk
Provider Licensing
When it comes to the law, it can vary widely depending on where you are. The USA is still home to some pretty strict laws about online gambling so you are unlikely to be able to join an online casino.
In the UK, casinos are usually covered by the UK Gambling Commission and others like the gambling commissions of Alderney, Gibraltar, and Malta. Any casino operating in the UK must have a license from the UKGC while the others allow the casino to also offer services to other European countries.
Final Thoughts
Playing online may seem like a little intimidating at first but there is plenty of legislation and security solutions in place to keep players safe and happy. Between licensing requirements, data encryption and other tech solutions designed to ensure player cybersecurity, (such as RNGs and RTPs) the technology behind online casinos is as sophisticated and innovative as it is in many other tech sectors.