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Online
casinos, also known as virtual casinos or Internet casinos, are online versions of traditional
casinos. Online casinos enable gamblers to play and wager on casino games through the Internet.
Online casinos generally offer odds and payback percentages that are comparable to land-based casinos. Some online casinos claim higher payback percentages for slot machine games, and some publish payout percentage audits on their websites. Assuming that the online casino is using an appropriately programmed random number generator, table games like blackjack have an established house edge. The payout percentage for these games are established by the rules of the game.
Many online casinos lease or purchase their software from well-known companies like
Microgaming,
Realtime
Gaming,
Playtech, International Game Technology and CryptoLogic Inc in an attempt to "piggyback" their reputation on the software manufacturer's
credibility. These software companies
use random number generators to ensure that the numbers, cards or dice appear randomly.
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