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5 Myths About Online Casinos That It’s Time to Say Goodbye To

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5 Myths About Online Casinos That It’s Time to Say Goodbye To
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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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Press Box PR partners with racing royalty Francesca Cumani

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Award-winning co-host of ITV Racing signs with fast-growing London agency

On the eve of Royal Ascot, Press Box PR is delighted to announce that Francesca Cumani, the UK’s leading female racing presenter and one of the faces of ITV Sport, has joined the agency’s talent stable.

Over the next five days, the multi-lingual thoroughbred TV personality will be front and centre of the Flat racing season’s most extensive and glamorous festival coverage.

Francesca is equally well known in Australia as the co-host of the prestigious Melbourne Cup. She has been integral to ITV’s horse racing coverage for the past eight years and is an SJA Broadcast Sports Presenter of the Year winner.

While horse racing is her first love, Francesca is keen to broaden her appeal and sees the Press Box team as the ideal partner to bolster her ambitions in the UK.

Press Box PR, a fast-growing creative and digital PR agency operating in sports, consumer, entertainment, and B2B markets, launched its talent management and publicity division two years ago, with Francesca joining the likes of former Royal butler Grant Harrold and 2023 Apprentice winner Marnie Swindells.

Cumani said: “I have enjoyed a long and productive relationship with my agent James Henderson who is based in Australia for the last 16 years and that will be ongoing but I am keen to explore opportunities closer to home and put the skills I have learnt to use both within the racing world and further afield. I am passionate about the great outdoors, animals, travel, food, fashion and culture.”

Lynn Carratt, Head of Talent at Press Box PR, added: “Our talent offering is unique in that, like the remainder of the agency, the team is made up of former journalists. We approach talent management and publicity from the perspective of maximising commercial value for our talent roster and brand clients by growing and sustaining earned media coverage. We’re delighted to be welcoming Francesca Cumani to the Press Box PR family and looking forward to many exciting plans ahead.”

The talent division is part of Press Box PR’s 40-strong London team, led by founder Alex Donohue, which also includes Jack Mansell (Head of Sport), Jack Watson (PR Week 30 Under 30) and Katie Storey (Head of Consumer).

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IN7.COM LTD 2024 Goals: Expands Indian Market and Fortifies Charitable Activities

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IN7.COM, a highly popular gaming and online sports platform, primarily caters to the Indian market and has expanded its services to Brazil.

Bolstered by rapid growth in the online sports and gaming sectors, IN7.COM LTD plans to enlarge its local service team to over 1000 professionals by the end of 2024. This expansion encompasses a spectrum of roles, including seasoned gaming specialists such as customer support, product managers, data scientists, analysts, as well as social media and digital marketing experts, and engineers.

The objective is clear: to elevate user experience and platform performance, ensuring seamless support and service delivery while crafting captivating, visually stunning, and technologically advanced gaming experiences.

Charitable Activities:

IN7.COM LTD owns a charitable department, actively engaging with communities in need by reinvesting a portion of its profits into societal welfare.

IN7.COM’s charitable activities encompass providing vital assistance to impoverished regions and caring for stray animals. Last week, employees of the department distributed heartwarming gifts to two children’s charity homes in Africa, containing essentials such as rice, beef, pencils, books, snacks, and toys.

The department head said, “IN7.COM also plans to establish a sports charity organization in the future, aiming to offer sustainable growth opportunities for outstanding individuals, groups, or organizations dedicated to sports development.”

 

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Gaming Innovation Group is contemplating a bond tap issue

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Gaming Innovation Group expands its reach in online gaming with the acquisition of Casinomeister
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Gaming Innovation Group Inc. (“GiG”) has mandated ABG Sundal Collier and Pareto Securities as managers to arrange a series of fixed income investor meetings commencing on 17 June 2024. GiG is contemplating to issue subsequent bonds under GiG’s existing senior secured bond framework with ISINs NO0013024018 (the “EUR-tranche”) and NO0013095687 the (“SEK-tranche) in an expected amount of EUR 15 million equivalent. Subject to, inter alia, market conditions a capital markets transaction may follow.

For further information, please contact:
Tore Formo, Group CFO, [email protected], +47 91668678

 

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