The iGaming industry is thriving more than it ever has before. But with its immense popularity comes also a greater amount of scrutiny. Governments for example are pushing for harsher regulations all over the world. Of course, it is a government’s job to regulate the market. The issue comes up when the average person invents lies about the gambling sector that quickly catch on.
The misconceptions that currently exist surrounding online casinos may have come from a good place. But they are a destructive force that is holding the market back. Some governments may be reticent to legalize online casinos because of these rumors, which only leads to the proliferation of an underground market. So in this article, we would like to debunk some misconceptions that persist regarding iGaming.
Online Casinos are not Rigged
The average player will tell you that online casinos are quite fair in their approach to RTP and house edge. If you start playing slot games you will quickly learn that most online versions are superior to their land-based counterparts, at least when it comes to the average return to player percentage. Yet there are people who will tell you that online casinos are rigged.
The misconception does not have any particular origin. The truth is that gamblers have always had arguments about whether casinos are legal, even before the rise of online gambling. You can find testimonials from gamblers of two hundred years ago, claiming that an establishment scammed them. The misconception exists solely in the minds of bitter players. Yet it proliferates still to this day.
Online Casinos do not Encourage Underage Gambling
There is a common idea that online casinos encourage underage gambling. If not encourage, then are entirely complacent in it at least. The misconception comes from the fact that these websites are easily available online. But most people who believe this myth don’t understand how thorough online gambling operators are in preventing issues with underage players.
The clearest example of how iGaming professionals fight against issues of underage gambling is KYC policies. Know Your Customer demands that each new player shares their identification with the online casino before they start playing. By cross referencing and confirming the identity, online casinos can ensure that the player is who they say they are.
Online Casinos Offer Fake Bonuses
We finally have to address the idea that online casinos offer fake bonuses. This is a common myth that comes from gamblers who’ve taken advantage of a promotion that never paid out. It certainly can happen that a player who uses a welcome bonus doesn’t get the payment that they think they are owed. But there is a reasonable explanation for this.
Online casinos offer promotions that often come with a long list of terms and conditions. It may seem tedious, but reading these terms is absolutely necessarily if you are going to be using the online casino’s bonus. Most players choose to skim the terms or even ignore them entirely. They then use the bonus in an incorrect manner, which naturally results in failure to pay out.
