Myths about Online Casinos
Online casinos can be a complete mystery for some people as they just cannot comprehend how a casino could accurately deliver real money games with real to life results.
If you are someone that has never played at an online casino or never read about how they work, then it is quite easy to be confused about how they work, how the games deliver fair results, and whether they are safe.
You may have heard negative comments, been told that all online casinos are rigged, or that online casino will not pay you when you win big. These comments are usually made by people who have never played at an online casino are just speculating what they think they know because if you have heard any of these comments, then we can tell you right now that they are myths.
In order to help you sweep the myths about online casino under the carpet, so you have a better idea of what to expect if you do join an online casino, we dispel some of the most common online casino myths.
Myth 1: You need to be a high roller with a large bankroll to play at online casinos
This myth could not be further from the truth. In fact, online casinos are much cheaper to play at the land-based casinos. This is the beauty of them because you can choose from thousands of games that offer low stakes. There are penny-slots on which you can spin for 0.01 per go. You can also play blackjack, roulette, baccarat, craps, and poker for as little as 0.05 a bet.
There are of course high roller games and plenty of other online casino games that are aimed at whales with large bankrolls, but in fact, online casinos cater for players with all size budgets.
Even live dealer suits where you can play games on real-life tables with live dealers and croupiers managing the game via a webcam link offer stakes as low as 0.10 per bet.
Myth 2: Online casinos cannot be trusted because they are unregulated
As with land-based casinos, any trustworthy online casinos will have a license or multiple licenses from government bodies such as United Kingdom Gambling Authority (UKGC), Swedish Gaming Authority (SGA), and Malta Gaming Authority (MGA), which all come under EU laws.
These government agencies enforce strict consumer rights and data privacy laws governing. For example, the UKGC makes sure all casinos it licenses follow the 10-steps-to-cyber-security to ensure you are protected while connecting to the casino and to ensure any monetary dealings with the casino is fully encrypted and covered by fraud protection policies.
As for the safety of your money, the casinos must keep separate bank accounts. Bank accounts that can guarantee the casino can pay out, accounts that keep it member’s casino balances in, and then its own operational bank accounts are kept separate.
On top of this, these government-based organisations make sure that all online casinos create fully transparent terms and conditions so there is no wiggle room just in case a casino does try to cheat one of its members out of a big win.
If there are any issues, players can report the casino to the government-based licensing board, and the licensing board will always investigate with the player’s best interests the priority. Weighing up all this information, it is safe to say that online casinos can be wholly trusted.
Myth 3: You can never win at online casinos because they are rigged
Online casinos go out of their way to make the games as fair as possible. There are two types of online casino games. The first one is virtual casino games, and these games use an intelligent algorithm known as a random number generator (RNG).
The RNG is a complex algorithm that delivers random results as close as possible to the results a real-life deck of cards, roulette wheels, lottery machine, or dice would deliver.
To ensure these RNGs are not rigged, the government licensing bodies mentioned above employ third-party companies that specialise in computer algorithms as well as game reporting tools that will test the RNGs and track the payout percentage of each game. This makes it impossible for the casinos to cheat players.
As for the second type of game, which is live dealer suits, these are monitored under the payout percentage system implemented by the third-party testing organisations. In all cases, if any discrepancies are discovered, the casino could lose its license, have several lawsuits against the company, and be fined heavily.
Myth 4: Online casinos are lonely places for people to gamble at
In the past, this may have been true because virtual casino games do not have any way to interact with others. However, with the recent introduction of live casinos, the entire concept of the online casino gaming experience has changed dramatically. Now you can join live blackjack, roulette, poker, and baccarat tables and not only play live games but also chat with the dealer and croupiers operating the games.