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The world of online casinos is a multi-million-dollar industry that continues to grow exponentially. Since the advent of the internet, there have been online casinos and although times have changed and standards improved, certain practices are no longer allowed. So, it’s understandable that when it concerns your money and online safety certain horror stories still float around and it’s tricky to know what is true. We’ll break down the most common online casino myths that are not really true.
This is an extremely common idea that has been floating around for as long as there have been online casinos.
The truth: The most reputable online casinos are all licensed and regulated by established gaming authorities, which means they are fair and are held to industry standards. To ensure that games are fair, top online casinos always use random number generators (RNGs) which decide game outcomes randomly.
Some online casino enthusiasts believe that there is always some kind of fine print that doesn’t allow you to cash out your winnings completely.
The truth: If a Legit online casino has an RTP above 95%, then it’s safe to say that players are able to cash out. However, what may affect your total winnings could be the withdrawal processes and certain wagering requirements. Each casino is different. There are casinos with unreasonable wagering requirements which we suggest you avoid. So, yes, you will receive your winnings but, depending on the aforementioned factors, it could be slightly lower than you initially hoped.
Gambling addiction is a global issue that affects many. Some players may feel that casino operators lean into this and exploit the problem but that isn’t the case.
The Truth: Nowadays, licensed casinos are aware of this problem and offer certain ways for players to regulate how they gamble. This is called ‘Responsible Gaming’ which means a casino prioritises player safety by promoting responsible gambling and offer information about gambling addiction. Responsible gaming may also include self-exclusion, limit-setting, and offer support for individuals who may be experiencing gambling-related issues.
Doing anything online with your personal information can invoke an uneasiness especially when money is involved. This leads to a normal myth that somehow online casinos are inherently less safe than any other place on the internet.
The truth: Licensed online casinos use advanced encryption technologies to protect players’ personal and financial information. They have secure systems in place to ensure data privacy and employ stringent security measures. Even though theses measures are in place our experts and the best casinos out there always advise players take precautions and not send their private information over email or any other setting that isn’t the official payment page of your chosen casino.
The ‘World Wide Web’ or the ‘Wild Wild West’. Well, depending on who you ask, online casinos are either harmless, legal fun. Or the complete opposite.
The Truth: The legality of online casinos varies from country to country. In many jurisdictions, online gambling is regulated and permitted, as long as the casino operates within the boundaries of the law. It’s crucial to check the local laws and regulations before engaging in online gambling.
So, you’ve found an incredible bonus but then it turns out that the bonus has a certain play through requirement, or a very high deposit stipulation. This is a very familiar story but it’s not as black and white as casinos outwardly manipulating players.
The truth: While some online casinos may have terms and conditions attached to their bonuses and promotions, reputable platforms provide transparent and fair offers. It’s essential to read and understand the terms before claiming any bonuses or participating in promotions.
Some promotions or bonuses seem very generous and have given many the idea that they can become instantly wealthy after a few RTP.
The truth: While online casinos offer the potential to win money, they are not a guaranteed path to retirement. Like any form of gambling, your chances of winning are based on pure luck, as outcomes are unpredictable. We’d like to emphasise the importance of enjoying online gambling as entertainment and set a budget so you can play responsibly.
This idea falls more under the lines of superstition than myth. But can some players have reported ‘winning big’ after a long losing streak. So maybe there’s some truth to it?
The truth: This concept is known as the “Gambler’s Fallacy” or “Monte Carlo Fallacy,” which is the mistaken belief that if an event happens more frequently than usual during a specific period, it is less likely to happen in the future, or vice versa. In reality, each outcome is statistically independent and unrelated to previous results.
Many online casino myths are based on the integrity of the casino itself. Some players may think that there are various tactics such as game freezes that are put into place for the casinos benefit.
The truth: Game freezes or technical glitches can happen on any online platform, including online casinos, but they are not intentionally triggered based on a player’s winnings. Technical issues can occur for various reasons like internet connection problems, software bugs, or server issues. These problems are usually temporary and not specific to individual players or their winning streaks.
Casino sceptics may think that online casinos are rigged, unsafe and overall a waste of time. Is it possible that the bad experience of a few has tainted the waters for many?
The truth: Millions of players enjoy online gaming and on occasion, some are lucky enough to increase their bankroll. With that possibility, alongside the majority of online casino players who play responsibly and purely for entertainment, online casinos are definitely worth it. Our experts stress the importance of researching a casino before choosing to join it. These are the defining factors that make up a top casino:
Although our experts have debunked some myths about the online casino world, there are still a few ‘bad apple’ operators that players should avoid. To play at the best and safest online casinos in Australia, check out our list of online casinos.