Reading Time: 3 minutes
Any gambling facility has its fair share of myths. It is because a lot of people do not understand how casinos like Vulkan Vegas casino work. Some say that online gambling platforms are rigged and not regulated, etc. Today, let us look at the five most common myths about online casinos and also tell you why they are myths.
1. They Are Rigged
It is not unusual to hear people say that online casinos are rigged. What they mean to say is that the casino manipulates the results, ensuring that the results of the slots or other games are in favor of the house.
This is a myth because, by design, gaming sites do not have to cheat to win. A casino takes the time to design a game to ensure that the probabilities are against you. For example, in a 3-reel slot machine with five symbols on each reel, the probability of landing a winning combination is only 0.8% per round.
As you can see, a player, has less than a 1% chance of landing a winning combo. Casinos do not have to rig their games to win. By design, the casino has a huge advantage against you.
2. They Do Not Pay Their Gamblers
Some say that online casinos do not pay money to their players. You will see several of these players rant on gaming forums about how they won, and they never got paid. You will also notice that most of these players are talking about their wins from bonuses.
Casinos do pay their players, but some of them do not seem to understand how casino bonuses work. Bonuses have rules, and if you do not meet these rules, your bonus money and all winnings from it will be forfeited by the casino.
Here are the most common bonus rules:
- There is a wagering requirement.
- You must meet this requirement before the deadline.
- You cannot bet higher than a certain amount.
In addition, withdrawal takes time plus there are other rules. If you fail to verify your identity, the casino will not give you your winnings. This is not cheating. It complies with anti-money laundering laws.
3. They Can Make You Rich
Online casinos are like regular land-based facilities. If you are lucky, then yes, you can get rich. However, there are people out there pandering myths about the existence of “hot” and “cold” slot machines, or games that are always producing wins for the players.
Casinos are businesses. As businesses, they have standard practices. They were not built to make people rich, but merely to give people that chance to get rich. There is no such thing as hot and cold games. In addition, there are no games that players can control to their advantage.
Another myth that perpetuates this notion is that you can game the system. Some say that it is easy to count cards with blackjack. While card counting is a real strategy, online gaming platforms rarely, if ever, disclose.
4. They Are Illegal
Believe it or not, there are still people out there who claim that online casinos are illegal and that they do not protect their users. This could not be farther from the truth. Online gambling platforms today cannot operate without a license.
There are now many laws governing the operations of online casinos. Even banks and financial institutions are already involved. In this case, the casino cannot even use a credit card system to charge their clients or players unless they have a license to operate a casino.
The same thing goes with game developers. The industry has grown, and there are legal provisions that protect users from casino fraud. As such, players can now ensure that the online casinos are safe and secure.
5. They Tighten and Loosen Game Results
Finally, there is this myth that casinos adjust the results of their games according to how they want to market their casino. Similar to the first myth, some people claim that the games are rigged.
Some say that the casinos make the slots pay more during the holidays to entice players. This claim, of course, is not true. They have no reason to do it. In addition, more people likely win during the holidays because it is the festive season, and people have more money to burn. If more people play, then more people can come out as a winner.
Online casino games are not rigged, and they are operated by honest businesspeople. Usually, people who lose in casinos think they have been scammed because they do not understand probabilities.
By design, casino games give the house, or the casino, an advantage. As such, the player is at a disadvantage the moment that he puts his chips down to bet. This does not mean that the gaming site is cheating — it’s just that the casino has a higher probability of winning than a single player.