Five Myths and Why They’re False about Online GamblingJanuary 28th, 2019
Online gambling has a lot of stigmas attached to it that are often unfounded.
Online gambling has become a multi-billion industry with the market volume of gaming operators around the world now nearly $52 billion. Players are able to access a multitude of sites, games, offers and more. However, despite the industry’s rise to prominence, backing from businesses and its regulation by legal bodies, many people still have some misconceptions about online gambling. To help dispel these myths and show you why anteing up is now slicker, safer and more entertaining than ever, here are five fallacies you should ignore…
Online Gaming is Rigged
Perhaps the biggest myth about online gambling is that the games are rigged. When a result doesn’t go someone’s way, some players instantly think foul play is the reason. The nature of betting is that your luck will ebb and flow. However, beyond that, legal sites are regulated by independent governing bodies. Under the licensing conditions of a regulator such as the UK Gambling Commission (UKGC), all sites have to use a random number generator. This software must be certified by a third-party to ensure the outcomes of all casino and poker games are 100% fair.
Online Gaming Isn’t Secure
The idea that online gambling isn’t safe simply isn’t true. On a technical level, every top site offers SSL encrypted software. Beyond that, all data is stored on secure servers and held in accordance with regulations such as the EU's law on privacy, the General Data Protection Regulation (GDPR). Additionally, many operators now give you the option to secure your account using two-factor authentication software. On a regulatory level, independent governing bodies like the UKGC and player protection body eCOGRA are there to oversee each operator’s business practices, ensure player funds are held in segregated, secure accounts and to assist players in disputes.
Online Gaming Isn’t as Lucrative
There’s no doubt that the largest live casinos have some serious prizes up for grabs. Go to Las Vegas and you’ll see the Wheel of Fortune slot game often has payouts topping $1 million. However, there are online games that can be just as lucrative. Microgaming’s Mega Moolah holds the record for the largest online payout in history at €17,879,645.
The reason people often think online casino games aren’t as lucrative as their live counterparts is because the minimum stakes are lower. In a live venue, you may have to spend £5 or £10 to play a hand of blackjack. Online, many sites allow you to join the action for just £0.10. The upshot is that the minimum wins are lower. However, the benefit is that more players can have some fun without busting their bankroll.
Online Gaming Isn’t Sociable
A certain degree of isolation is possible with all forms of online gambling. However, that doesn’t mean it’s an unsociable activity. For poker players, forums such as 2+2 are not only home to hundreds of thousands of members but a great place to learn and interact with knowledgeable players. Online bingo is also highly sociable. As well as in-game chat facilities and message boards, the top sites will host chat-based promotions that encourage users to interact with each other.
Online Gaming is Addictive
Online gambling is entertaining and enjoyment can be addictive sometimes. However, that doesn’t mean online gambling is necessarily addictive. One person can start and stop at will, while others find that far more difficult. Operators do everything they can to support players. From links to problem gambling groups to self-exclusion options and session timers that tell you how long you’ve been active, there are plenty of tools to help you stay safe. Between these provisions and a host of additional ways the industry protects you, it’s fair to say that online gambling isn’t the monster some people perceive it to be.