Online casinos have been around for decades now, and most people are pretty familiar with the industry at this point. However, as long as there are those who don’t know much about the internet, there will be people who don’t understand how online casinos work.
This lack of understanding has had some pretty detrimental effects on iGaming. For example, there are still quite a lot of myths circulating about the industry. What is worse, there are also some facts about iGaming that people aren’t aware of. That is what we would like to change in this article.
Fact 1: Regulation is Important
The first fact that people have to be aware of is that regulation of online gambling is incredibly important. That is why the best online casinos, like the one you will find if you click this link, are all licensed. Whether the license is domestic or offshore is irrelevant. In fact, a lot of people prefer offshore licenses, because they are much more well-known and respectable. All that matters is that the gambling site you’ve chosen is licensed by a notable authority. Some of the most well-known licenses are the Malta Gaming Association, the UKGC, Cyprus, and Curacao.
Myth 1: No Rules for Age
A part of regulation is ensuring that no people under the age of 18 are able to access online casinos. Some believe that online casinos don’t have any rules or any way to authenticate a person’s age. That is completely untrue. First of all, most online casinos set the legal age for 19 and older, meaning, sometimes, even 18-year-olds can’t get access to these games. Second, online casinos do their best to authenticate a person’s age, and the data suggests that underage gambling online is not any more severe than in land-based casinos.
Fact 2: Games are Random
When people discuss casino games, most have slots in mind. And slots are known for being 100% random, and purely based on luck. That is as true offline, as it is true online. Slots online make use of a random number generator software. In doing so they capture the randomness that has been a part of slot machines, since they were first invented in the 19th century. The RNG ensures that each new spin is unpredictable.
Myth 2: The Games Are Rigged
Some firmly believe that online casino games are rigged. Where this idea comes from, nobody knows. Like all gambling games, including those in land-based casinos, casino games online have a house edge. Usually, the house edge is measured in percentages, and it rarely exceeds 5%. For some games, like blackjack, it is significantly lower. However, this is not proof of the games being rigged. This is simply how casinos have functioned, since the first one was built.
Fact 3: You Can Use Crypto
A lot of people believe that cryptocurrency is a valid way to make deposits at online casinos. This is, in some cases, true. However, it is important to note that not all online casinos accept crypto-based transactions. It really does depend on which website you’ve decided to use.
