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Every gambling establishment has its own myths. Many people don’t understand how casinos work, like Vulkan Vegas Casino. Some people say online gambling platforms have been rigged, are not regulated etc. Let’s look at five of the most common myths surrounding online casinos. We will also explain why these myths are false.
1. The Rigged
People often say that online casino games are rigged. They mean that the casino manipulates results to ensure that the results are in the favor of the casino.
This is a falsehood because gaming sites are not required to cheat in order to win. Casinos design games to make sure that the odds are against you. In a three-reel machine with five symbols per reel, for example, the odds of landing a winning combo are only 0.8% each round.
You can see that a player has less than 1% of landing on a winning combination. Casinos don’t have to cheat to win. The casino is designed to have a big advantage over you.
2. The Gamblers Are Not Paid
Some people claim that online casinos don’t pay their players. On gaming forums, you will find several of these players complaining about not being paid for winnings. Most of these players will talk about their bonuses.
Casinos pay their players but some don’t seem to know how bonuses work. Casinos will forfeit your bonus and any winnings if you don’t follow the rules.
Here are some of the most common bonus rules:
- There is a wagering requirements.
- This requirement must be met before the deadline.
- You can’t bet more than a specific amount.
There are also other rules. Casinos will not pay out your winnings if you do not verify your identity. This is not cheating. This is in compliance with the anti-money laundering law.
3. The Right Investments Can Make You Rich
Online casinos are just like land-based gambling establishments. You can be rich if you’re lucky. There are some people who spread myths about “hot” or “cold”, or games which always produce wins for players.
Casinos are businesses. Casinos are businesses. They weren’t built to make people wealthy, but to simply give them the chance to become rich. It is impossible to have hot or cold games. There are also no games which players can manipulate to their own advantage.
A second myth perpetuating this idea is that you can manipulate the system. Some people say it’s easy to count the cards in blackjack. Online gaming platforms are rarely, if at all, willing to disclose that card counting is an actual strategy.
4. It Is Illegal
There are still some people who believe that online casinos do not offer any protection to their customers. It could not be further from the truth. Today, online gambling platforms cannot operate without a licence.
Online casinos are now governed by a number of laws. Banks and financial institutions have already been involved. The casino in this case cannot use the credit card system to bill their clients or to charge players, unless it has a license for operating a casino.
It’s the same with game developers. There are now legal provisions to protect the users against casino fraud. Now, players are able to ensure that online casinos are secure and safe.
5. They tighten and loosen game results
There is also the myth that casinos manipulate their results to suit their marketing strategy. Some people believe that games are rigged, similar to the first myth.
During the holiday season, some claim that casinos increase the payouts on the slot machines to attract players. This is, of course not true. It’s not their fault. A lot more people are likely to win during the holiday season because people have more money. More people playing means more winners.
Online casino games do not have a rigged system, and are run by honest businesspeople. People who lose at casinos often think that they were scammed, because they don’t understand probability.
Casino games are designed to give the casino an advantage. The player will be at a disadvantage as soon as he places his chips on the table to wager. It does not mean the gaming site cheats, but that it has a greater chance of winning.
