December 5, 2022
The online gambling industry is a multi-billion-dollar sector, with many players and casinos participating daily. But like in any other industry, some misconceptions and lies can scare off new players. For example, there is a common lie that online casino games are unfair.
This guide debunks this superstition and many other online casino myths with hard-nosed facts. After reading, you should easily distinguish between facts and myths.
How many times have you heard this lie? Most players who swear by their favorite land-based casinos believe that online casino games are not transparent and fair. But to be fair to these players, it’s impossible to see how games like slots, blackjack, poker, and more, generate results in the background. You’ll only spin the reels and wait for the outcome.
But here’s the thing; online casino games use Random Number Generators or RNG to generate billions of results per second. This system creates the results even when the slot machine is idle. This means no one at the casino can rig the results to favor themselves because the algorithms are constantly changing.
That’s not all. The best online casino sites are licensed by reputable bodies like the UKGC, MGC, and Curacao e-Gaming. These regulatory bodies ensure that all the RNG games have been tested for fairness by independent companies like eCOGRA, iTech Labs, and Gaming Associates before issuing their licenses. So, if you play at a casino that ticks all these boxes, the games are 100% fair and transparent.
Legal online gambling is spreading quickly. In Europe, for example, member states of the EEA (European Economic Area) have revamped their iGaming laws to license offshore betting sites in line with the cross-border trade agreement. The US is also an extensive online gambling jurisdiction, with more than half of the states legalizing sports betting since PASPA was overturned in 2018.
But online gambling is not legal everywhere, including in New Zealand, Canada, India, and some states in the US. In these regions, it’s technically illegal to gamble online because the law doesn’t cover this activity. But that’s the loophole that offshore operators use to accept bettors. Bitcoin casinos are also notorious for accepting players from illegal jurisdictions.
If you want to go to an offshore casino, ensure that a legal body licenses it in the UK, Canada, Malta, Gibraltar, Curacao, or Alderney. Also, get more information about the casino’s reputation from former and current players. Remember, no one will arrest you for playing at an offshore casino.
You’ve probably heard this gambling sentence several times from players and gambling blogs. The truth is that the casino always has an edge, regardless of the game you’re playing. This mathematical advantage assures them of their share whether you win the jackpot or lose a bet. That’s another reason why casinos don’t rig game results.
But the good news is that gamers can use several strategies to reduce the house edge and increase their chances of winning. This is especially true in games like blackjack and poker, where players can split, double down, count cards, and more. It’s possible to reduce the house edge to less than 0.50% in these card games.
It’s also worth noting that the house edge only becomes active after a thousand or so bets. This means players have every chance of winning a bet if they play early and aggressively. However, even a 0.50% house edge is enough to lose you lots of money in the long run.
Here is another common misconception in the online gambling scene. Players often receive treats like free spins, match deposit bonuses, no-deposit bonuses, and cashback. These online casino bonuses attract players and keep the loyal ones yearning for more. But are online casinos so generous as to offer everyone free money?
Casinos are businesses just like any other. Any tokens given to players are well-thought-out to ensure the casino doesn’t come out as losers. Most of these bonuses have wagering requirements to ensure players use their own money before withdrawing the bonus winnings. For example, a casino can welcome players with a $100 package with a 10x wagering requirement. In that case, players must wager $1,000 ($100 x 10) before cashing out their bonus winnings.
As if that’s not enough, the casinos know that all games have a house edge which works in their favor. The more you spin the reels using the free spins, the more the house edge comes into play. In the end, you may win nothing or very little from the bonuses. So, confirm the house edge of the game before claiming the prize.
Online roulette is one of the most played table games at any casino. This game is straightforward, with gamers only predicting the color, number, or combination of numbers where the ball will stop. But experienced roulette players believe that some online roulette numbers are luckier than others. The same can be said about craps. Is this true?
Number 17 is one of the most played numbers, with the legendary MIT Blackjack Team describing it as the most random number. Numbers 7 and 3 are other loved numbers among players, with most bettors believing that good tidings come in threes. On the other hand, numbers 13, 17, and zeros are considered “sucker” numbers.
The reality is that these are mere online casino myths. All the numbers on an online roulette wheel have the same chance of coming up. It’s a coincidence that a certain number comes up more often than others. With that said, your chances of winning increase if you bet on even-money bets like red/black, odd/even, and high/low. These bets have more than a 45% chance of hitting.
There are many betting systems in the online gambling world. Players can use the Martingale strategy to cover losses by doubling their stake each time they lose a bet. The objective is to recover all losses after a single win. Other betting strategies include D’Alembert, Paroli, Fibonacci, James Bond, and Flat Betting.
But you’ll be surprised to find most bettors dismissing these strategies. They argue that gambling is purely luck-based, so these betting systems won’t do much to help out. It’s sad to agree, but the reality is that a betting system will never reduce the house edge even by 0.01%.
But intelligent bettors think of these systems as a way of managing their bankrolls. These strategies will guide players on the amount stake per bet and add to their bankrolls on a good day. Also, use a betting system on even-money wagers on roulette, blackjack, and craps. And most importantly, a gaming budget should be significant to cover a string of losses before striking a win.
Did you gain anything? Hope so! Online casino myths are mere superstitions without facts. You should be a factual casino player and separate the truth from fiction. If you have a long losing streak, it’s because of bad luck or using the wrong strategy. Don’t believe the misconceptions!
Hailing from New Zealand's picturesque landscapes, Priya Patel is the research dynamo behind OnlineCasinoRank's in-depth insights. Her meticulous approach to data and trends has revolutionized how gamers perceive and navigate the online casino landscape.