What do we know about virtual gambling that is wrong? To play or not to play – everyone decides for himself. But in order to make the right decision, it is advisable to know the basics. Let’s delve into what you should not believe in.
Myth #1. Casinos and bookmakers are illegal businesses
Let’s not dwell on the myriad of documents that need to be prepared to open a virtual gambling establishment. Let’s give a couple of facts. The gambling business is a licensed type of activity, which means that in order to legally conduct it in any country, you must obtain a license. So the majority of casinos which provide slots or sport betting simply won’t work without a license, so there’s nothing to be afraid of.
Myth #2. It’s impossible to win at an online casino, and it’s impossible to beat a bookmaker
Let’s turn to statistics. According to the Guinness Book of Records, the largest jackpot in an online casino, namely 17.9 million euros, was won by John Heywood on October 6, 2015. The game Mega Moolah brought good luck to the Betway online casino.
Myth #4. You can predict when you will win
Regulars of land-based casinos like to say this, especially in relation to slot machines. Moreover, some claim that this can be determined by how hot the machine is, while others say that a quick win can be guessed by the smell: a machine that is about to bring good luck smells different. The editors did not conduct experiments in land-based casinos, but with regard to the online industry, the answer is clear – it is impossible to predict what a slot will produce. The situation is the same with sports betting. Hundreds and thousands of factors, ranging from weather to the family circumstances of athletes, influence the outcome of a sporting event. Is it possible to beat the theory of probability? No way.
Myth #5. You have to wait a long time to claim your winnings
Through a number of payment systems, you can withdraw your honestly won money instantly, and immediately after deducting taxes. Of course, if there are no technical failures or any other force majeure on the banks’ side. For their part, bookmakers, on the contrary, are interested in the smooth operation of the system. R – Reputation.
Myth #6. Bookmakers are the perpetrators of match scams
The bookmaker’s earnings are the margin that is included in the odds. If the probability of an event occurring is 50%, in this case the bookmaker calculates the winning bet not as 1 to 2, but as 1 to 1.9, which allows him to earn a margin of 5%. All fixed matches upset this balance, which becomes unprofitable for both bookmakers and honest players. Bookmakers like to joke that for them the most positive outcome of a sporting event is a score of 0:0 or a draw, because usually players bet on this result the least often, which means that it is from them that bookmakers earn the most.
Myth #6. The casinos are owned by the mafia
The history of casinos began in Italy, and the industry itself gained popularity during Prohibition, so it is not surprising that they tried to connect casinos and the mafia. Let’s be honest, in those days there was a connection, and many fictional and biographical works are devoted to this. However, a lot of time has passed since then. If mafia families continue to exist, they stay away from casinos.
Considering how much gambling is controlled in every country, an attempt to get closer promises big problems. Moreover, the majority of casinos shifted to online, so there can be no mafia, obviously.
To play or not to play – everyone decides for themselves. But at least 6 misconceptions can be considered worked out.