Playing Fair: Busting the Top Myths About Online Casinos

People who lose always made-up stories and conspiracy theories, especially in gambling. These opinions later turn into myths that perpetuate the industry, making other would-be gamers hesitant to play.

There are four prevailing myths when it comes to online casinos like Vulkan Vegas. Sadly, these myths come from ignorance, and we want to dispel them today!

1. Slot Machines Are Rigged

Many people who play slot machines believe in all sorts of things. Some say that there are hot and cold slots and that online casinos rig slot machines. This myth, of course, is not true. The chances of winning in slot machines are slim. That is why it is difficult to win in them.

Modern slot machines use a random number generator. It is a program that ensures all the results are random. These machines go through regular checks and validation by third-party watchdogs.

The most basic type of slot requires that you land three of the same symbols on one line. If one drum or reel has five symbols, the odds of a symbol appearing on the payline are 1 over 5, or 20%. The same goes for the other drums or reels.

Now, to line up three symbols on the pay line, your odds are 20% x 20% x 20% = 0.80%. As you can see, 0.80% is too far from 100%. It only means that for every spin, your chances of landing a combination of three same symbols are only 0.80%.

From here, you can see that the casino does not even have to rig the slot machine to win. Every spin is favorable to them.

The Live Dealer Games Are Not Live

Some people say that the streaming of live dealer casinos is not live — that these videos have been pre-recorded.

It is a myth. The people who say that live dealer games are recorded did not even bother to chat with the person (dealer). They did not even attempt to greet the dealer. If they did, they could have asked the casino dealer to wave a hand.

Live dealer games are legit. They operate in studios in many parts of the world. In addition, the operators of live casinos also go through validation. Government authorities and gambling associations check these facilities regularly, including their equipment.

As you know, the tools that live dealer casino operators use are electronic. Because of this, the casinos must ensure that these electronic programs work properly — that they are not rigged in any way, including the physical machines like the card shufflers and roulette wheels.

Online Casinos Do Not Pay Winners

If you take the time to visit online review sites for gambling, some people make claims that they never got paid. The thing with these stories is that they are one-sided.

In many cases, these people are just too excited to get paid. They did not read the transfer rules or the time it takes for the casino to process a withdrawal.

It is not unusual for casinos to take 48 hours to process a withdrawal. This processing time does not refer to the time it takes for the money to go to your bank account. The casinos need 48 hours to ensure that you won legitimately.

From here, the casino transfers the money, and then it is up to the financial institutions to move your winnings to your bank account.

Some players do not get paid because they failed to verify their identities. In this case, a casino will not process a withdrawal unless they have proven that you are who you say you are. The casino is not trying to scam you — they are merely complying with anti-money laundering laws.

The Bonuses Are a Scam

Another prevailing myth about casinos is that the bonuses are a scam. People say that they won and never got their money.

The one problem that is all too common among these claims is that the players never seem to have understood the rules of bonuses. Many players do not grasp the concept of a wagering requirement, which comes in almost all bonuses.

A wagering requirement refers to the amount of money you must have to be able to qualify to withdraw your winnings. If you do not meet this requirement, the casino will not let you withdraw what you won from the bonus money.

Players must read the terms and conditions of a bonus before opting in, otherwise, they will have wrong expectations from the casino.

Final Thought

Casinos are honest and trustworthy. These casinos spent a lot of effort in making sure they comply with laws and regulations. The key thing to understand when gambling is that they all operate based on statistical probabilities.

Essentially, casinos have an advantage, which is called the “house edge.” It is also why over the long term, the house always wins.