Basic Outline:Online Casinos are a virtual internet version of conventional land-based casinos. They allow players to play and wager on thie favorite games over the internet. They typically have odds and pay out rates similar to land-based casinos. Most of these publish payout rates audits regularly in order to woo more customers. The landscape is quite competitive and numerous websites have emerged over the last three years. Many of these offer initial signup bonuses to first time customers when they make their forst deposit.Online Casinos Software and TechnologyMost have gaming softwares created by reputed companies to boost their credibility like Microgaming, Realtime Gaming, and Playtech. There are generally three types of casinos on the internet: web-based casinos, live casinos and download-based casinos. Some of them also offer multiple interface gaming. Web-based ones are usually based on flash and Java technologies offering high qulaity gaminbg experience with excellent gaphics, sounds and animation. Live casinos allow players to play over the internet in a real casino setting. They can hear, watch and interact with live dealers based in casino studios. Download-based casinos require ustomers to downloiad a playing software that requires time and updated computers as they have to be downloaded as well as installed.Casino GamesTypically, they offer a host of casino games including Online poker, Baccarat, Craps, Online slot games, Blackjack and Roulette. Almost all the games offered in land-based casinos ae available in online casinos and in fact there area number of games that are only played online.Downsides and RisksA major problem with online casinos is the reliability and trust issues that are raised consistently from many experts and analysts. Roughly, 20% of all online casino websites are illegtimate and don’t have proper licenses to operate. They are a danger to consumer safety as personal information is quite often collected like bank details and credit card information.