Many gamblers have come across the term Offshore Gambling, but are not entirely sure what it means. A casino that deals with offshore gambling is one that basically operates outside the jurisdiction of a given country or it can be an online casino that has its servers in a country where online gambling is not prohibited. In short, then, it is a casino that operates outside the country of the player.
This form of gambling provides an easy and fun way to play all the games normally found at a land-based casino, but without the hassle of making the pilgrimage to Las Vegas. Online Vegas casinos are very safe, in that personal details are not required to be sent out and the payouts and odds are just as equal and fair as in a regular Vegasñstyle casino. Offshore gambling makes it a win-win situation.
Online vegas casinos are regulated by three organizations. These are OSGA (The Offshore Gaming Association), The IGC (Interactive Gaming Council) and the Fidelity Trust Gaming Association (FTGA), which is a smaller IGC in effect, in that it charges lower membership fees.
OSGA and Offshore Gambling
The OSGA is an independent “watchdog” agency that monitors the Off Shore Sports Gaming Industry in an effort to provide the public an avenue to find reputable companies to wager with. It aims to protect the rights of consumers and they charge no membership fees.
The agency is a professional non-biased third party organization that gives objective opinions, based on your feedback, independent research, phone calls, tips and inside news.
For OSGA they resolved to keeping the philosophy that there are safe places for sports gambling. Because of the climate in the industry today people need to have additional information on offshore sportsbooks and online casinos from an outside source.
IGC and Offshore Gambling
The IGC, a not-for-profit organization, was founded in 1996 in the US, relocating to Vancouver, Canada, incorporating there in March 2000. The organization was established to provide a forum for interested parties to address issues and advance common interests in the global interactive gaming industry, to establish fair and responsible trade guidelines and practices that enhance consumer confidence in interactive gaming products and services, and to serve as the industryís public policy advocate and information clearinghouse. The IGC does what it has set out to do, and more.
IGC membership has increased significantly since being founded, drawing more and more attention from noteworthy industry groups to complement existing leading industry players. We have members from the U.S., the U.K., South Africa, Israel, Canada, the Caribbean, Australia, Denmark and Sweden — to mention a few.The IGC has built a reputation for reliability, integrity and credibility through its high standards, and appeal to legitimate businesses. Affiliation with their association ensures that you have a trusted organization fighting for the promotion and enhancement of our industry, fighting for you when you need it and most importantly – with a collective voice.
The IGC regulates offshore gambling by utilizing a special 10-point code ff Conduct and charges casinos a fee to display their logo. Unhappy customers can also report their disputes to the IGC.
The FTGA was formed in an effort to set a standard for online gaming operations. The agency believe that by conducting business with only reputable companies, they can form an alliance of the most fair and professional offshore gaming operations worldwide. To be sure that the companies they support are reputable FTGA do comprehensive background checks on not only the company but the individuals behind the company. According to them, they form a close relationship with their members and monitor their business practices frequently.
With the boom of the internet over the last few years, everything seems to have translated into an online version and offshore gambling has been no different. There are organizations that govern the fairness of online gambling which should serve to alleviate any fears of insecurity by skeptics. It eliminates the traveling costs, but still keeps the basic essence of a Vegas casino, but only now, in your very own home.