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5 Myths About Online Casinos That It’s Time to Say Goodbye To
![5 Myths About Online Casinos That It’s Time to Say Goodbye To](https://europeangaming.eu/portal/wp-content/uploads/2024/03/myths.png)
Any gambling facility has its fair share of myths. It is because a lot of people do not understand how casinos like Vulkan Vegas casino work. Some say that online gambling platforms are rigged and not regulated, etc. Today, let us look at the five most common myths about online casinos and also tell you why they are myths.
1. They Are Rigged
It is not unusual to hear people say that online casinos are rigged. What they mean to say is that the casino manipulates the results, ensuring that the results of the slots or other games are in favor of the house.
This is a myth because, by design, gaming sites do not have to cheat to win. A casino takes the time to design a game to ensure that the probabilities are against you. For example, in a 3-reel slot machine with five symbols on each reel, the probability of landing a winning combination is only 0.8% per round.
As you can see, a player, has less than a 1% chance of landing a winning combo. Casinos do not have to rig their games to win. By design, the casino has a huge advantage against you.
2. They Do Not Pay Their Gamblers
Some say that online casinos do not pay money to their players. You will see several of these players rant on gaming forums about how they won, and they never got paid. You will also notice that most of these players are talking about their wins from bonuses.
Casinos do pay their players, but some of them do not seem to understand how casino bonuses work. Bonuses have rules, and if you do not meet these rules, your bonus money and all winnings from it will be forfeited by the casino.
Here are the most common bonus rules:
- There is a wagering requirement.
- You must meet this requirement before the deadline.
- You cannot bet higher than a certain amount.
In addition, withdrawal takes time plus there are other rules. If you fail to verify your identity, the casino will not give you your winnings. This is not cheating. It complies with anti-money laundering laws.
3. They Can Make You Rich
Online casinos are like regular land-based facilities. If you are lucky, then yes, you can get rich. However, there are people out there pandering myths about the existence of “hot” and “cold” slot machines, or games that are always producing wins for the players.
Casinos are businesses. As businesses, they have standard practices. They were not built to make people rich, but merely to give people that chance to get rich. There is no such thing as hot and cold games. In addition, there are no games that players can control to their advantage.
Another myth that perpetuates this notion is that you can game the system. Some say that it is easy to count cards with blackjack. While card counting is a real strategy, online gaming platforms rarely, if ever, disclose.
4. They Are Illegal
Believe it or not, there are still people out there who claim that online casinos are illegal and that they do not protect their users. This could not be farther from the truth. Online gambling platforms today cannot operate without a license.
There are now many laws governing the operations of online casinos. Even banks and financial institutions are already involved. In this case, the casino cannot even use a credit card system to charge their clients or players unless they have a license to operate a casino.
The same thing goes with game developers. The industry has grown, and there are legal provisions that protect users from casino fraud. As such, players can now ensure that the online casinos are safe and secure.
5. They Tighten and Loosen Game Results
Finally, there is this myth that casinos adjust the results of their games according to how they want to market their casino. Similar to the first myth, some people claim that the games are rigged.
Some say that the casinos make the slots pay more during the holidays to entice players. This claim, of course, is not true. They have no reason to do it. In addition, more people likely win during the holidays because it is the festive season, and people have more money to burn. If more people play, then more people can come out as a winner.
Online casino games are not rigged, and they are operated by honest businesspeople. Usually, people who lose in casinos think they have been scammed because they do not understand probabilities.
By design, casino games give the house, or the casino, an advantage. As such, the player is at a disadvantage the moment that he puts his chips down to bet. This does not mean that the gaming site is cheating — it’s just that the casino has a higher probability of winning than a single player.
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Win tickets to the BLAST Premier Fall Final: GG.BET is running a MEGA BLAST Competition for fans of СS2
![](https://europeangaming.eu/portal/wp-content/uploads/2024/07/fvfdgsadgareabvaaa.jpg)
From 26 July, all GG.BET users can get involved in the new MEGA BLAST Competition with a €10,000 prize fund. The winner will receive two tickets to the BLAST Premier Fall Final CS2 tournament, taking place from 27-29 September in Copenhagen. To enter, you need to place bets on Counter-Strike 2 matches.
BLAST Premier Fall is a major series of Counter-Strike 2 tournaments which draws in millions of viewers from all over the world every year. The series consists of three stages: Groups, Showdown, and Finals. The Groups stage sees 16 Tier-1 teams duke it out. Only 6 of these can go on to compete in the final, while the rest will battle it out in the Fall Showdown for two additional spots in the final. BLAST Premier Fall Finals will be the concluding stage of the Fall series, and fans can look forward to electrifying action, heart-stopping twists and turns, and an epic $425,000 prize fund.
From 26 July to 4 August, as the Groups stage rages on, GG.BET will be holding its MEGA BLAST Competition. The winner will get their hands on two tickets to attend every day of the BLAST Premier Fall Finals. As well as these tickets, the bookmaker is also giving away a whopping €10,000 prize fund to the top 40 participants in the MEGA BLAST Competition.
How to take part in the MEGA BLAST Competition:
- Register an account with GG.BET or log in to an existing account.
- Go to the tournament page and press “Participate”.
- Place bets on Counter-Strike 2 matches. Every bet you place will earn you a certain number of points, based on the odds.
- Rack up points, keep an eye on the leaderboard, and wait for your winnings to roll in.
Bet on your favorites and get ready for some unforgettable fun! Head over to GG.BET right now so you don’t miss your chance to enjoy a festival of Counter-Strike action in Copenhagen.
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MANCHESTER CITY TO MARK GLOBAL PARTNERSHIP WITH SUPER GROUP-OWNED BETWAY AT THE NEW YORK STOCK EXCHANGE
![](https://europeangaming.eu/portal/wp-content/uploads/2024/07/mcyjksadljoisajdasndkl.jpg)
Manchester City has today announced a new multi-year partnership with leading global online betting and gaming brand, Betway.
As part of the club’s pre-season tour of the United States, and to mark this significant deal, leading figures from Manchester City and Super Group will be on-site for the iconic NYSE bell-ringing ceremony later today. Ferran Soriano, CEO of City Football Group, along with Neal Menashe, Super Group CEO, will ring The Opening Bell at 9:30am EDT.
The agreement will see Betway become the club’s Official Global Betting Partner from the start of the 2024/25 season, as Manchester City joins the brand’s extensive sports sponsorship portfolio which includes teams from across the Premier League, La Liga, NBA and more.
Ferran Soriano, City Football Group CEO, said: “We are pleased to announce Betway as our Official Global Betting Partner today. As a globally recognised brand, Betway has a strong pedigree and history of working with high-profile brands within the sports space and we’re excited to work together throughout the partnership.”
Super Group CEO, Neal Menashe, commented: “We are absolutely delighted to become Manchester City’s Official Global Betting Partner. This agreement cements our place in the top tier of Premier League partners, ensuring that our Betway brand reaches fans in all corners of the globe.”
Throughout the duration of the partnership, Manchester City and Betway will collaborate on a number of activations and exclusive content opportunities, in addition to the brand featuring across digital and in-stadia assets.
Manchester City and Betway will also work together to provide all players, coaches, management and staff in-depth, industry leading training on all relevant codes of conduct relating to betting integrity and responsible gambling. This is in addition to the work Manchester City already does to support players and staff in this area.
The Opening Bell ceremony can be viewed live.
Compliance Updates
Acquiring a Curacao Online Gaming License in 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed
![](https://europeangaming.eu/portal/wp-content/uploads/2024/07/curacaduioapdj.jpg)
The “Acquiring a Curacao Online Gaming License, 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed” report has been added to ResearchAndMarkets.com’s offering.
This report includes valuable insights into the financial and procedural aspects, including detailed information on costs and timelines associated with acquiring a Curacao license.
In 2023, Curacao introduced the “Landsverordening op de kansspelen” (Ordinance on Games of Chance) to modernize and regulate gambling legislation. Since March 2020, the Gambling Control Board (GCB) has been authorized to regulate offshore gambling games and oversee the issuance of Curacao licenses. As of 2023, there are 16 companies providing legal services for registration and licensing in the territory of Curacao. The license fee, as per GCB regulations, is 36,000 ANG or 19,800 USD, payable upon license issuance.
Research Timeline and Data Relevance
The research was conducted in two stages. The first stage, studying the regulator and Open Data Search, took place in December 2023. The second stage, writing the report and partially updating the data from the first stage, took place from the end of April to the end of May 2024.
Goals and Objectives
- Describe the information about the Curacao license and the issuing regulator.
- Describe the requirements and conditions for obtaining a Curacao license.
- Describe the costs and timelines for obtaining a Curacao license.
- Briefly study the market, find and suggest the following lists:
- Legal companies offering services for company registration and obtaining a Curacao license;
- Communication agents and integrators working with the Curacao license;
- Suppliers and vendors working with the Curacao license;
- Payment systems working with the Curacao license.
Key Topics Covered:
1. Goals and Objectives
2. Research Timeline and Data Relevance
- Document Markup
- Raw and Combined Data
- Terms & Glossary
3. General Information
- The Regulator
- Registration of Operators With Sublicense
- Application for an Online Gaming License
4. Requirements and Conditions for Obtaining a License
License Conditions
- General Prohibitions
- Safe and Secure Environment
- Equipment and Application Software
- Player Registration
- Payment Transactions
- Games
- Terms of Use
- Resolution of Complaints
- Administrative Responsibilities
- Publicly Available Information
- Reports
- Policies and Procedures
- Suspension and Revocation of License
- Additional Conditions
- Supervision
Recommendations or Minimum Requirements for the Business Plan
5. The Cost of the License
6. Decision Term and the Validity of the License
7. Application Method and Forms
8. Contact Information
9. Companies for Registration and Licensing
10. Integration Companies
11. Suppliers and Vendors
12. Payment Systems
13. META
14. Appendix: Terms & Glossary
For more information about this report visit researchandmarkets.com/r/izeo6g
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