PHS online casino

PHS Casino Rating

Find The Best Casinos in Philippines

PHS(Philipino’s) Casino Rating brings together the top casino brands in the Philippines and introduces you to their promotions one by one. If you want to learn about casinos in the Philippines, and more casino knowledge teaching, you must not miss it!
Game Type of Online Casino

PHS Casino Rating

Comparing The Best Casinos in Philippines

PHS(Philipino’s) Casino Rating brings together the top casino brands in the Philippines and introduces you to their promotions one by one. If you want to learn about casinos in the Philippines, and more casino knowledge teaching, you must not miss it!

Casino Stats That Tells You Why Gamblers Rarely Win Casino

In a down economy, it’s normal to start thinking of alternative ways to generate some extra money, but if you’re tempted into thinking that gambling is one of those good alternatives, then you need to keep reading.

Once you step foot into a casino and exchange your money for chips, you’ve sold away your only advantage: staying out of the casino to begin with. Casinos can bring great shows, food, and entertainment, but statistically, they won’t bring you much more than that.

KEY TAKEAWAYS
Gambling is not a good alternative for earning extra cash.
Each game you play at a casino has a statistical probability against you winning.
Slot machine odds are some of the worst, ranging from a one-in-5,000 to one-in-about-34-million chance of winning the top prize when using the maximum coin play.
In 2022, commercial casino gaming revenue amounted to about $60.46 billion; one way to think about all those profits Casino is that they are the result of the accrual of all of the losses from casino patrons each year.

Big Business and Big Profits
To say casino gambling is a lucrative business would be an understatement. In 2022, the most-recently available data, commercial casino gaming revenue amounted to a record-breaking $60.46 billion, a 14% increase from 2021 and the second record-breaking year in a row as the industry continued to bounce back from the COVID-19 pandemic.

Gambling is big business. and it’s no surprise where those profits are coming from: Tens of millions of people visit Las Vegas in a typical year, with some hoping to win more money than they came in with. There are more than 450 commercial casinos in the United States, according to the American Gaming Association’s State of the States 2023 report, which looks at 2022. These casinos generated $13.4 billion in gaming taxes for state and local governmen Casinots in 2022.

Games of No Chance
Math is the universal language, and it rarely ever lies. Each game you play at a casino has a statistical probability against you winning—every single time. While this house advantage varies for each game, it ultimately helps to ensure that over time, the casino won’t lose money to gamblers.

For people who are really good at blackjack, the advantage for the casino might be only 0.5%, but certain types of slot machines might have a 35% edge over a player—and other games fall somewhere in between. The slot machine odds are often some of the worst, ranging from a one-in-5,000 to one-in-about-34-million chance of winning the top prize when using the maximum coin play.

The house advantage obviously isn’t insurmountable—people do win (sometimes substantially). However, it does mean that the more you play, the more the math works against you, and the better the chances are Casinoof you walking out of the casino with less money in your wallet than when you came in.

The table below compiles some of the house edges for several popular casino games.

Everyone’s (Not) a Winner
All those profits are the result of the accrual of all of the losses from casino patrons each year. Of course, some of the money may come from other venues within the casino, but the breadwinner for this industry is the games.

Now, think of yourself walking into a casino with the feeling that you’re going to beat those odds (or profits) because luck (whatever that is) is on your side. Not likely. You can’t even bet on winning or losing streaks, either. If you had a slew of bad hands, the likelihood of that turning into a winning streak simply doesn’t exist. It’s just not in the cards—or math, for that matter.

The Betting Rip Current
Aside from the entertainment of casinos, some people do get swept Casino into an addiction that far surpasses the entertainment value of the games. Only a small percentage of gamblers reach this point, but unfortunately, it’s estimated that their losses make up a quarter of the profits for the casinos. This is all the more reason to understand the house advantage and how it works against a player who has lost a significant sum and is spending lots of time in the casino trying to win it back. The more a player struggles to get ahead, the more they get pulled into additional losses.

Is Gambling a Viable Alternative for Earning Extra Cash?
Each game you play at a casino has a statistical probability against you winning, which makes gambling an inadequate option for those looking to boost their income. While the house advantage varies for each game, it ultimately helps ensure that the casino won’t lose money over time. While gambling can be entertaining, it’s in your best financi Casinoal interest not to place bets.

How Do Casinos Make Their Money?
Although casinos may earn some money from food, entertainment, and other venues, the breadwinner for the industry is the games. A significant portion of casino profits are the result of the accrual of all of the losses from casino patrons each year.

Does Playing More Increase the Odds of Winning?
The odds for each game are stacked in favor of the casino. This means that, the more you play, the more the math works against you, and the better the chances are of you walking out of the casino with less money in your wallet than when you came in.

The Bottom Line
Almost every time, it’s in your best financial interest not to walk into that casino and place the bet—the math simply isn’t your friend. For those who want to press their luck anyway, make sure to quit while you’re ahead. That winning streak you’re on is definitely all in your head.

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Most Common Online Casino Scams

There are a variety of different scams that you must be aware of before playing online gambling games. That’s why we’ve prepared a checklist of online casino scams to help you figure out how you were targeted and what the scammers are targeting.

Sadly, Philippine online casino scams abound. Therefore, if you do not take precautions, you may suffer losses.

Here are some of the most common ways casino players get scammed:

Deposit theft is arguably the most common scam and unfortunately very common. Sometimes, players make deposits, but their funds never show up in their accounts. Or, they may receive a notification that their deposit was declined despite having enough money.

Bear in mind that this could just be a glitch or a one-time accident. But if this happens to you, please contact customer support immediately.

Online gambling scams can take the form of casinos that don’t pay. Here, players win money, but the site claims they don’t meet the wagering requirements for withdrawals, even if they do. Alternatively, the site might say that there was an “error” with the deposit.

If you still do not receive your bonus after meeting all the requirements, you are most likely being scammed.

Since most online casinos offer some type of bonus to convince players to play, some scammers often take advantage of this to their advantage. That is, they create fake offers that look too good to be true (and they are!) and trick gamblers into depositing money where they don’t get any benefit.

Of all the online casino scams in the Philippines, this one is probably the most difficult to avoid. When creating an account with an online casino, you will be asked to provide personal and banking information such as your legal name, address, date of birth, social security number, and credit card information to proceed to the next step of the application process.

Unfortunately, hackers and scammers can access this information and steal your identity or commit other types of fraud.

When most people hear online gambling scams, they think of malware. This is for good reason, as hackers can steal your information by infecting your computer. This type of malware can give strangers access to your personal data, who can threaten you with money (ransomware).

Here, the best thing you can do is pay attention to the links you click and the websites you visit, and install a good antivirus program. Remember, phishing is a scam, so if you find those responsible, they face serious consequences.

Some scammers create fake online casinos and manipulate the games so that you never win. By doing this, they encourage you to keep playing (and losing) in the hope that you will eventually give up or deposit more money.

Unfortunately, these scams are harder to prove than blatant frauds because casino games don’t necessarily give you the best overall chance of making money.

A sure sign that an online casino is a scam is that it doesn’t have an effective customer support team. Usually, this means that if you run into any problems, you won’t be able to contact anyone for help, thus losing your money.

Fortunately, you can easily check the response rate of any casino’s customer support representatives before you sign up, just by asking them a few questions about the casino. If they never respond or take days to respond – take a detour.

What to do if you encounter online casino scams?

If you think you’ve been the victim of an online casino scam, there are a few things you can do to make sure it doesn’t happen to anyone else:

Spread the word

Without a doubt, one of the best ways to warn others about online gambling scams is to write about your experiences online. Everyone can look up anything these days, so you can be sure that whenever someone searches for a scam casino, they will be bombarded with negative reviews.

If you have real-life friends who are also gambling enthusiasts, you should also warn them about fraudulent casinos.

Contact the Casino's License Provider

If the casino is licensed by a reputable and legitimate organization, you can file a complaint directly with the company that issued the license. However, keep in mind that this may not always yield results. Either way, any action you can take is worth a shot.

Browse Gambling Blogs

Last but not least, you can sift through numerous gambling blogs and forums to determine what they have to say about the casino and what they review. Usually, these sites are filled with people sharing their experiences, good or bad, and this is what you need.

To help others avoid your plight, please post about the online gambling scam you have suffered and advise others not to visit the culprit’s casino.

How to prevent falling for online casino scams?

Fortunately, there are steps you can take to prevent falling victim to casino scams. If you follow these tips, you’ll probably avoid a headache, at least until you’re sure about the casino’s legitimacy.

Unsurprisingly, the most important thing you should do before committing yourself to an online casino is to do your research. If you follow a gaming platform, read its reviews and see what other people are saying. Of course, if there are more bad reviews than good ones, it’s best to avoid the site and look elsewhere.

Bear in mind that this could just be a glitch or a one-time accident. But if this happens to you, please contact customer support immediately.

With our roundup of malware and spyware scams, it’s wise to install an antivirus program on your computer to help protect you from online threats. After all, viruses are responsible for more than 11% of all cyberattacks and security breaches in the Philippines, so why not take some precautions so you can browse with confidence?

When you first log into a new casino, it’s always a good idea to make a small deposit instead of going all-in right away. That way, if the casino turns out to be fake and you fall victim to an online gambling scam, you won’t lose too much money. Yes, any lost money is unfortunate, but losing $10 or $1000 won’t hit you in the same way.

All legal online casinos have licenses issued by gaming regulators. Generally, you can find this information on the casino’s website, usually at the bottom. If you can’t find it or the casino doesn’t have a license, that’s a red flag.

Please read the casino’s terms and conditions before creating an account and entering sensitive information. Yes, all of them. By doing this, you’ll know exactly what you’re agreeing to and won’t be caught off guard by unfamiliar practices or requirements. If yes, you will have legal grounds to sue.

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