Posted on June 24, 2001.
The online, Internet casinos pay big money to reputable audit firms to get favorable reports. Such reports are superficial at best – perhaps as fraudulent as the online casino practices!
In Reply to: Online casinos have no chance but rob the players posted by Ion Saliu on June 21, 2001.
• To be fair, I insert here this report. The link I was directed to belongs to a cyber casino at EuroSeek: "The Gold Club Casino”". The link www.goldclubcasino.com/reviewed/ is dead by now!
The average payout in 2000 was 97.73%. The house edge was 2.27% -- sounds absolutely great! I would be a rich man by next year's end!
If 2.27% is true (very close to the house edge at French roulette), how can an online casino still offer a 10% referral incentive? The casino would operate at a LOSS of 10% - 2.27% = 7.73%!
Plus, the online gambling sites (casinos) offer a sign-up bonus. I received materials from a gambling site that offers, and I quote exactly: “An incredible 125% in bonuses”! 50% sign-up bonus, 50% reload bonus, 15% referral bonus, 10% gamblers insurance! That's absolutely insane! You start with $1000 and they give you $1250 extra to start gambling! Could it be honest? NOT! NON! They don't give you such outrageous benefits in a physical casino! Why not? The brick-and-mortar casinos want customers as badly as the virtual casinos! Cheating must be performed at a huge scale in order to recuperate all that money in bonuses and then make a profit.
Who's kidding whom? I am totally skeptical of such reports. If you can trust the report, it's OK with me. Just read it between the lines... I do stay clear from all Internet casinos and online real-money gambling sites. I will not play there even if they were to give me thousands of dollars in bonuses. They know how to take back quickly all handovers -- and then some!
Starting in November 1999 the payouts from Gold Club Casino are being
Gold Club Casino is operated under a valid license by Boss Casinos Ltd.
Ion Saliu
Payouts Reviewed by PricewaterhouseCooper
reviewed every month by the world's largest professional services
organization: PricewaterhouseCoopers.
PricewaterhouseCoopers has made an initial assessment of our gaming
operation and is now reviewing the results from the casino every month.
After each review PricewaterhouseCoopers will issue a report stating
the previous month's payout ratio. This report will be published on
this page (see below).
December, 2000 - 97.73%

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