Top 5 Myths About Online Casino Sites

Written by:
Payton
Published on:
Nov/09/2017

The internet is packed with fraudulent companies looking to take advantage of users and the gambling industry is one that has been affected most by this.

To make sure that you are in safe hands there are a number of things you should check before depositing money. In this article, I will dispel the myths along with guide you on the things you need to look out for so you are not taken advantage of.


#1: All Online Casinos Are Rigged

One of the biggest myths about online casino sites is that the games are all rigged to the advantage of the operator. While you will find a small percentage of unscrupulous casinos most have to abide by strict regulation. If the operator does not follow these guidelines they will be shut down and may even face criminal charges.

Governments are very strict with regards online gambling and the laws are heavily enforced. Online casinos generate billions every year in tax revenue and this is why close attention is paid by authorities that only professional, fair operators are allowed to trade.

If an online casino is going to be successful it needs to be credible which means that if they do rip off customers it will not take long for their reputation to be greatly damaged. Casinos also use third party software which is tested and audited. This means that they can not alter the outcome of the games that they have listed on their site.

#2: Casinos House Odds Fixed

In the early days of online casinos, it used to be possible for operators to alter the payout percentages. To make sure that you are playing at a reputable site you need to check that it is using Random Generated Number (RGN) software. This is a mathematical formula that ensures that the games all offer the odds and payouts stated in the terms and conditions.

#3: Casinos Do Not Payout Wins

One worry that punters that use online casinos have it that if they win big the operator will refuse to pay out. This is not the case though as it would hugely damage their reputation and make it extremely hard for them to attract new gambler. You will have to provide a number of documents to prove your identity and residency which is in place to protect both parties from fraud. One common mistake that punters make is that they do not check if the casino is licensed in the country they are playing. If you do have a big win and the operator is not licensed in your jurisdiction then you will not receive your payout.

#4: Casino Bonuses

There are a vast number of casinos bonuses you can take advantage of to get free money to gamble with. One myth is that these are not real but that could not be any further from the truth. A huge amount of people use these promotions to win without taking any risks with their own money. One thing to make sure you check before using one is the wager requirements for withdrawing any money. If the amount is more than 10x it will be difficult to win but it is still possible and you are not risking anything by using one. Find the best promo codes and deal in the UK by visiting maxfreebets.co.uk.

#5: Anyone Can Set Up An Online Casino

It is extremely expensive to set up your own online casino and the myth that anyone can do it is not true. The owners have to be vetted along with making sure that they follow the strict regulation in the country they are set up in.

Conclusion

Most online casino sites in the modern era are above board but you should still take the time to read punter reviews before depositing any money. Make sure that the site uses RGN software and have an excellent reputation to be safe online when gambling.

 

Online Casinos News

How To Adjust Your Online Casino To Different Betting Strategies

How To Adjust Your Online Casino To Different Betting Strategies

Understanding pro casino players’ strategies can help bookies create a profitable online casino designed for profits. We’ll break down 4 strategies that can help bookies mitigate risk.

Save the Date for Prague Gaming 3, March 12 - 2019 at Vienna House Andel's Prague

Save the Date for Prague Gaming 3, March 12 - 2019 at Vienna House Andel's Prague

Prague – European Gaming Media and Events is proud to announce the official date and location for Prague Gaming Summit 3, which will be held on the 12th of March at Vienna House Andel's Prague.

Casino Software Providers and Pay Per Head Companies

Casino Software Providers and Pay Per Head Companies

The world of gambling is a huge market which is not just limited to old-school brick and mortar Casinos. There are numerous casinos that people can physically go to around the world and spend the day or weekend at taking a shot to risk some money at the casino in the hopes of hitting a jackpot or just winning a few extra bucks.

More Names Announced for EGC2018

More Names Announced for EGC2018

European Gaming Congress will take place at Grand Union Hotel Ljubljana on the 16th of October and is a must attend event for European operators who are actively involved with regulated and non-regulated markets in Europe and the Balkans.

Free Money Online Casino Bonus - $100

Free Money Online Casino Bonus - $100

If you like FREE MONEY as we do here at Gambling911.com, you'll love the new Skybook $100 FREE CASH BONUS

Syndicate