Online gambling can be fun and rewarding if handled responsibly. But it’s widespread popularity has raised apprehension among the players. Sometimes a widely held notion takes hold without any factual support. The misconceptions are mostly due to the lack of awareness. Most of these myths surfaced during the time when the online casino was in its infancy.
The casino industry has learnt from its mistakes and is more mature now. Moreover, with the rising competition in the casino industry, casino operators have to be careful providing what they advertise. Else they look at losing their loyal customers.
Top online casino myths have been debunked
Online casino is illegal
Online casinos are also subjected to laws and regulations like real casinos. They have to get valid gambling licences before they can operate. Casinos operating in the UK and Europe mostly hold licences from Malta and the UK.
Online Casinos in the US are regulated, but they are allowed to operate and take bets. But you need to always check on local laws before gambling.
You will not be paid back
The fastest way for a casino to lose its players is not to pay the winnings. Every casino, even reputable casinos face such charges. In most cases, it is due to the fact that the terms and conditions are not met.
Online Casino is not secure
While this is not completely a myth, it is not the case in many casinos. All the top casinos employ state-of-the-art technology and encryption to ensure that your personal details and transactions are secure.
Online Casino is addictive
While gambling can be addictive, it is not the case for everyone. If you gamble responsibly, there is no danger of being addicted. Casinos provide players with the option to set betting limits and also self-exclusions. It is also worth noting that all the casinos take gambling addiction very seriously.
Online Casino encourages underage gambling
Online Casinos are very serious about underage gambling and make it nearly impossible for underage gamblers to register. Not only do you need a credit card, you also need an ID and KYC documents. These stringent measures are put in place to discourage underage players.
The house is always set to win
To some extent it is the truth; only if you do not know when to walk away. If you keep chasing your losses, you are definitely set to lose. You need to do a self-analysis and know why you gamble. The entertainment part of it needs to be at the forefront.
Online Casino is a front for money laundering
There has never been an evidence to support this myth. To operate an online casino, you need a licence which is very difficult to get. Casinos need to be quite transparent in their operations to successfully gain a gambling license.