The Biggest Myths Regarding Online Casinos

June 18, 2018 Posted in News by No Comments

There are 10 major myths regarding the online gambling industry. The first is online gambling is illegal. Online gambling is legal in the major jurisdictions of the United Kingdom, Europe and Malta. Some areas have limitations including the United States, Germany, France, Denmark and Italy. Atlantic City is legal for online betting and offers games from NexGen, NetEnt, IGT and WMS. Residents of New Jersey and Nevada enjoy the World Series of Poker and even Delaware has a couple of casinos. There are thirty states where betting on dogs and horses is legal.

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Another myth is gambling online encourages the underage. This is not true, Online casinos have rigid rules and ID documentation is required. Underage gamblers are not an issue for online gambling. If the individual is in an establishment serving liquor in the United States the legal age is 21. Otherwise the age of majority is general eighteen or nineteen. It is much easier for someone underage to gamble in a Las Vegas casino than online.

The you will lose your house if you click your mouse is another myth. Game play can be limited by online casinos and is regulated. There are deposit and betting limits. Canada protects players with a self exclusion policy. Once the person decides to quit they can never open another account. Pop up windows inform players of their losses and how long they have played. Videoslots limits betting size and deposits. This does not happen in land based casinos. They encourage players to continue gambling period.

Some people believe online casinos do not pay. The truth is 98 percent of all online casinos do pay. Despite the twenty year history of online casinos there are rogues. These crooked casinos are easily spotted with research. There are tools to show if the casino is accredited, rogue or in no man’s land. Online casinos are happy to pay the winners.

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The myth that all casino games have been rigged is false. Most casinos are compliant with regulators and list gaming providers on the main index or about us page. Legitimate casinos do not rig games.

Another myth is bonuses are required to win. Most welcome bonuses are presented as free money but favor the house. There are wagering requirements and terms and conditions some players will not even bother with. Wins are achieved by depositing funds, having a bankroll with a fair limit for wagering and cashing out with a big hit. This does not require an extremely high wagering limit or bonuses.

One myth states casino operators are crooks. There are always a few bad apples but the licensing jurisdictions run background checks on casino operators and a vendors license is required. It is important to find out where the casino is licensed and ensure it is not a license for an online business but an actual gaming license. Most fraud does not originate with the operators but with the player communities.

Licenses for online casinos are not offshore tax havens. Malta licenses online casinos and was once called a tax haven. This is not true because secret bank accounts are not permitted and information is provided when requested by the authorities of another country. The United Kingdom is not offshore or a tax haven. The Kahnawake Gaming Commission and New Jersey are both land locked and not tax havens.

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Terrorist organizations do not run online gambling and there is no evidence to say otherwise. These companies are large and reputable.

The final myth states the house always wins. This is not true if the player understands when to walk away. Players must know their limits. People both win and lose when gambling.

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