New online casinos are popping up every day and they usually have lucrative offers to attract new players to join and play. The main reason for it is rather a simple one. New online casinos always are looking for their share in the growing online gaming market, which is in the billions of dollars every year! But as these are new start ups, it cannot be safe for those who play at new online casinos because their reputation is not yet known and it can take a decade or longer to establish itself fully.
Should you play at new online casino sites?
Deciding which of the casinos online you should opt for can be a difficult task as there are literally hundreds of options out there to choose from. The challenging part of picking a online casino is determining how suitable it is for every player’s unique needs.
Unfortunately, like any business, there are a few rogue online casino operators in the bunch that surface each and every year, and you simply can’t just go by the claims they make to visitors on their website. A rogue casino is not going to tell you that they will gladly steal from you! They will tell you whatever you want to hear in order to get you to deposit into their online casino. These types of rogue operators are not going to go away, so it is up to each person to do due diligence prior to depositing any money to look at how trustworthy a site is. And for the most part, it comes down to how established the casino is and whether or not it’s run by an experienced operator.
For casino players, one of the most important concerns is if the casinos are able really to pay out their winnings. You want to deal with an established brand because you know your bankroll is in safe hands. They have a track record of paying players in a timely fashion. Many of the rogue online casinos are known to postpone their player's cash outs due to liquidity problems or because they’re outright thieves; they hope that the players will keep playing their casino games and end up losing it all back.
New online casinos may piggyback on their sister casinos. So, if the existing best casinos online under one and the same management start offering new casino games they may start some new online casino games as well. In such a way, as both casinos have the same management, these new online casinos may piggy back out of the reputations of the first one. The new online casinos can profit from budgetary funds that are already generated by an older one, may be relying on more stable casinos for helping it sustain the player winnings.
For operators who are starting a brand new online casino from scratch, that is a real challenge as each casino needs sufficient funds for paying out players winnings. Although online casinos tend to make consistent profits from their casino games many of them have a sportsbook attached to them and there will be times when the book is losing money or barely breaking even. If the casino has an adequate turnover, then things will be much easier as it will have the necessary cash flow to sustain the normal swings.
But even still, due to the fierce competition in the online gaming sector, the well bankrolled casinos that are still establishing themselves may face economic difficulty, nobody knows what may happen to any online casino. While the temptation of playing at new online casinos especially those which have very attractive deposit bonuses can be very enticing, we always recommend sticking with much more established and reputable ones that have already proven they are serviceable to players and have their best interests in mind. If you hit a big score you can be confident you will get paid!
However, regardless of the online casino that you go on to play at, it wouldn’t be a bad idea to spread your bankroll among numerous casino websites. It is a safer bet because if something unforeseen happens to one of the casinos you’re playing at, you only stand to lose a small portion of your total bankroll. It also allows you to take advantage of the numerous casino bonuses for specific games as well as those for new players. It also helps with managing your bankroll, because if you have one of those days where you begin chasing your losses, it is not possible to lose your entire roll!
That said, casinos understand that the casino bonuses being offered is one of the determining factors in terms of where players will decide to put their money and start playing. So, this means, many of the rogue casinos will offer really attractive bonuses just so they can entice unsuspecting visitors and get them to make a deposit into the casino. But they have no intention of ever letting you withdraw your winnings. It therefore goes without saying that you can’t simply judge a new casino based on the size of the welcome bonus it’s giving to new clients.