Foreword
In general, it is well known that the reproduced casino gaming industry is one of the fastest growing industries in the world today. However, surprisingly, most people seem to know very little about online casinos and casino bonus lists. For individuals who gamble at real money casinos, there are a few facts you should be aware of. If you’re also thinking about getting into online gambling, then you need to learn a little bit about it. Here, we’ll take a look at some online casino facts that you may not know.
The laws of online gambling can be very complicated
Gambling at online casinos is not absolutely legal anywhere in the world, nor is it absolutely illegal. In the case of the United States, there are no clear laws that make online casinos or any other gambling activity illegal. However, individuals or companies without a license are not allowed to offer gambling services to citizens, which is as interesting as comparing casino habits.
When considering online gambling, UK citizens cannot be prosecuted for online gambling. Their authorities tend to treat online gambling like prostitution and various other nasty crimes, with only the merchants providing the services prosecuted, not the customers. However, some other countries have stricter laws regarding online casinos. So, if you want to get into online gambling, do your proper research on the relevant laws. When you decide to gamble online, make sure you use a reliable and reputable online betting site.
Some online licensing agencies are pretty sketchy
Considering that most online casinos are located offshore, as are the various licensing agencies that control them, but that doesn’t mean that any casino licensed by such agencies is bad. It just means that you can rely as fully on some of these jurisdictions as you can on others. However, some licensing bodies are known to be very strict. There are various authorities in the online gaming industry that online casinos can participate in, some of which include:
Regulatory authorities & describe
- eCommerce and Online Gaming Regulation and Assurance (eCogra)
- It is known as a part of the online gambling industry as it assists in regulating the iGaming industry. You should note that not all online casinos are members of this body.
- European Gaming and Betting Association (EGBA)
- It functions like eCogra. However, it plays a role in the sports betting segment of the industry as it consists of a total of 6 private bookmakers.
- Independent Betting Adjudication Service (IBAS)
- The agency is known to have been around since 1998 as they are responsible for providing arbitration to bettors who have disputes with casino sites.
- Global Gambling Guidance Group (G4)
- Their main purpose is to assist in the prevention of problem gambling through rigorous certification of participant sites.
To keep casino games safe, fair and audited, there are various organizations behind them, some of which include:
- Certified Fair Gambling: This is a California-based company that audits gaming logs for fairness and looks for any violations.
- European Sports Security Association: This body monitors any betting activity and identifies unusual betting techniques to avoid insider sports betting.
- Association of Professional Casino Webmasters: This is a relatively unique site whose main goal is to focus on the interests of webmasters who tend to operate information platforms in the gambling industry. Any online casino must adhere to strict and specific operating standards before becoming a member of the association.
- iTech Labs: Responsible for analyzing and auditing RNG software to ensure that the games provided are absolutely fair.
- Remote Gambling Association: Their goal is to ensure that online gambling platforms do their best to prevent problem gambling and underage gambling.
Earn Huge Profits Online Slots
We all know that online slot machines are the main source of huge amounts of money in the gaming industry. Online slot machines are just like slot machines in traditional casinos because they use the same RNG program and offer free slot games. Let’s talk about how slot machines work. Slot machines have several spinning reels, which can be 3 or even 5 reels, each with multiple stops. They can be blank or have certain symbols. The probability of occurrence of each stop loss point has been determined, but the probability of each other stop loss point is not equal.
For example, a bell symbol can be programmed to have a probability of 1/10, while a bar symbol can have a probability of 1/20. The game developer already knows the probability of each particular symbol landing. Therefore, they can calculate the combination probability of symbols. Most casinos mainly rely on the law of large numbers to make enough profits. Considering that more than 100 bettors play various slot machines every hour, they are able to make huge profits from it. It doesn’t really matter to them if you win, as winning once in a while will encourage you to play more and thus boost their business. So, in order for you to also profit from playing casino games, make sure that you play at the best online casinos.
The Importance of Random Number Generators
Looking at RNG, it is only available for online bingo, poker and casino games. But it doesn’t apply to online sports betting. A random number generator is a unique computer program known to generate random results. For casinos, they use a pseudo-random number generator. Now, how the random number generator works:
- This is a computer program used by online casinos to generate random numbers.
- Every online casino game uses an RNG program, with the exception of live dealer games.
- The random numbers generated are used to determine the overall outcome of the game, which includes the cards that will be dealt to the players.
The RNG program consists of a list of numbers, each of which has an associated outcome in a casino game. For example, after the “deal” button is pressed in a game of blackjack, it ends up at that specific number of milliseconds.
Gamblers Can’t Count Cards While Playing Online Blackjack
You must be aware that not all online casino games are powered by RNG programs because some gambling sites offer the option to play certain casino games via video with actual poker cards and live dealers. Generally, this is the same as playing at a traditional casino, the most popular of which is live dealer blackjack. Card counting is considered a strategy that professional players use to win when playing casino games. Counting cards isn’t too difficult, since all you have to do is assign a certain value to all high cards, another value to low cards, and then move your cards up and down as they are dealt.
By using this method, you can keep track of the high and low ratio of the remaining cards in the deck. If you also have multiple high cards in your deck, your chances of hitting blackjack or a “natural” are higher. However, this only applies to playing games where the cards are not shuffled every hand, but almost all online casinos use automatic card shufflers.
The bonuses offered are not actually the best deal
Many new online players are often attracted by the offers that allow them to enjoy playing casino games for free simply by signing up at an online casino. These bonuses are offered in an attempt to introduce new users to their website. Seeing can make it look like a no-lose situation, but that’s not always the case.
How do online casino welcome bonuses work?
Most of the time, casino bonuses come in the form of matches where you deposit a certain amount of money and the online gambling site matches your money for a specified percentage. For example, when a casino offers you a 200% match bonus of up to $400, it means:
- Simply put, after depositing $200, new users get a $400 welcome bonus.
- Players can receive a total bankroll of $600.
- You can use your rewards to play casino games.
While most betting sites don’t want to be taken advantage of, players have realized that extra winnings can eventually be used to gain an edge at the casino. In the past, wagering requirements were not always high, which made it easy for players to complete and cash out their bonuses as they only had to wager the full amount deposited with the bonus. However, over time, casinos decided to increase their wagering requirements, making it difficult for players to gain an edge. This has resulted in casinos not allowing betting on certain games with a low house edge. Therefore, beginners should always pay attention to the step-by-step guide to playing poker.
Final thoughts
The truth about online casinos is that they make a lot of money because gamblers are ready to invest little effort in them with the aim of making big money from them. Many online casinos are even willing to pay hefty referral fees of up to $500 for new users to join the platform. With this, they tend to say a lot of good things about the site without actually confirming whether what they say is true. Even though you have had a chance to search for legitimate casinos on the Internet, you will often come across a few adverts about the reviews.
However, it’s not hard to spot legitimate reviews from the endless list of options available. Beyond that, there are others who offer false promises to players, such as giving them the chance to beat mathematically absolutely unbeatable casino games. They tend to promise that you can make a lot of money using one of their techniques, and it works. There are some trustworthy gambling tips you can use to gain an edge while playing, but they are very limited. Players can gain an advantage in the following gambling activities:
- Fantasy sports
- Blackjack
- Poker
- Video poker
- Horse betting
Individuals also have the opportunity to benefit from promotional offers in their favour, but this does not always happen.