What eCOGRA is All About
June 28, 2012
eCOGRA is an independent agency that has expertise in areas like assessing the fairness of online casino software, auditing online casino operations, determining payout ratios, mediating disputes and setting benchmarks for regulatory frameworks. For players, the eCOGRA seal of approval at an online casino indicates that the casino is trustworthy.
What is eCOGRA?
eCOGRA stands for e-Commerce and Online Gaming Regulation and Assurance. The organization was established in 2003 by some of the leading luminaries of the online gambling industry. Today eCOGRA is so structured that none of its founders own or manage it. It also funds its operations solely through fees charged for its services. Therefore its independence is visible and undisputed.
eCOGRA has been accredited by all the leading online gambling jurisdictions. These include the United Kingdom, Italy, Spain, Denmark, Isle of Man, Kahnawake, Malta and Gibraltar. This further demonstrates eCOGRA’s capability and acceptability as an agency for certifying the suitability of online gambling operators. eCOGRA’s team includes chartered accountants and IT professionals who have worked in the leading multinational audit firms.
One of the prime activities of eCOGRA is to audit online casinos and award them the “Safe & Fair” seal. The eCOGRA team puts the Random Number generator of the software used by the casino operator through a number of tests to assure that it is functioning in a fair and unbiased manner. eCOGRA also evaluates the management controls and reports the payout percentages. Another important facet of eCOGRA’s functioning is dispute resolution between players and online casinos. eCOGRA also audits software providers, online poker rooms, live dealer casinos and others.
Benefits of Playing at eCOGRA Certified Casinos
There are several benefits of playing at eCOGRA certified casinos. Players are assured that eCOGRA has carried out its independent due diligence. One of the most important aspects of this is the testing of the random number generator. Once an online casino carries eCOGRA’s seal of approval players know that the software is not rigged and the outcomes in card games, or craps, roulette and slot machines are totally random and in conformity with land casino equipment.
All eCOGRA certified casinos report the payout percentages across different games categories in the public domain. These can be accessed by clicking the eCOGRA Safe & Fair seal. The players can match the actual percentages calculated by eCOGRA from the wagering data with the standard norms and ascertain that the casino is functioning fairly.
The biggest benefit of wagering at an eCOGRA certified casino is that players can approach eCOGRA for redressing their grievances. eCOGRA has a formalized dispute resolution mechanism and encourages players to report grievances with full details. These are then sorted out in a time bound manner. eCOGRA reports periodically on the disputes referred and resolved and it has been seen that many disputes are being decided in favour of the player.
Click Here to visit the eCOGRA website to learn more about them directly from the official site.