We Take a Look at Some of the Risks of Offshore Online Gambling For Canadians

Canadian online gamblers face a problem. Online casino play is illegal in Canada, unless the player is using either a) one of the locally licensed online gambling sites run by the provincial lottery company, or b) an online casino that is operated from within the reservation of one of the tribes of aboriginal people in Canada.

Of course, this means that choice is limited. This problem is further compounded by the fact that neither of these types of online casino really offer a playing experience to match the big international online gambling sites. Therefore, many Canadian online gamblers choose to fly in the face of gambling law and play at an offshore online casino. Now, if the Canadian online gambler sticks to the major, mainstream and reputable online gambling sites, they should face few risks. However, if they happen to choose the wrong online gambling site, they could have problems, problems like these:

Limited security leading to the risk of private financial data being stolen or used without consent. This means that things like bank account information, or credit card data can be accessed and used to make fraudulent transactions. With an offshore online casino, that may be registered in a location with very lax governance laws, and no clearly defined, easy process for dealing with these kinds of issues.

Little or no protection of online gambling account funds. As we have recently seen with Canbet, some offshore online gambling sites fail to take proper care of the cash that is held on behalf of their customers. Properly regulated online casino sites are required to keep customer cash in a special, fenced account that cannot be used to pay business expenses. Some offshore online gambling sites that operate in locations where this is not a legal requirement, may not be protecting the money depositing into the casino by Canadian online gamblers.

No assurance of pay out for large wins. It is entirely possible that a small offshore online casino will not have cash on hand to pay out a very large progressive jackpot win. In this situation, the Canadian online gambler will have little or no way to claim the cash.

These are just a few of the ways that Canadian online gamblers can be exposed to risk when playing at an offshore online casino. Sticking to the major international online gambling sites is the best option.

Online Casino Articles

A listing of the newest online casino & gambling related articles that have been added to Canadian Casino Sites can be found featured in the listing below.