Myths are an and will be forever talked about subjects, and there isn’t a shortage of tales throughout the gambling world either. These myths usually start with one person on a forum somewhere, and it gains a few comments, and then it quickly snowballs into something quite large, making it a real problem for gambling providers. These can often start with people who don’t do enough research on the subject, and it results in rumours.
With many online gambling websites arising, it’s becoming increasingly difficult to compete when the whole market is saturated with myths and false information. Reputable operators like acebettingsites.co.uk provide excellent services and have thousands of happy customers to back it.
So how do you know which kind of misconceptions need to be cleared up? We will cover the most common myths and rumours throughout this article, and hopefully, it’ll be some minds to ease.
Games being rigged
It’s easy to seek advice from the wrong people when you’re new the world of gambling. Many newbies will tell you that losing streaks are always down to the games being unfair or being rigged, rather than simple laws of probability. However, the more experienced players will always say that you’ll lose more than you’ll win.
Every licensed casino has to go through the same testing by individual and independent audits. These audits are designed to test their software and but it through a series of tests to ensure it behaves on a completely random basis, making it fair.
Your money is likely to be at risk if you gamble online
This just isn’t true. Regulators take player protection too seriously, and this includes the protection of players money/currency. Part of the licensing conditions is voiced by the operators to keep funds separate from the business funds. Suppose operators are caught using the player funds in any way, like paying for their overheads and employee wages. In that case, the licensing authority will get involved, and there will be severe repercussions.
Casinos let absolutely anyone play
If you’ve played your fair share of casino games, you’ll know straight away that this isn’t the truth. KYC checks must be taken out by the operators, which is also known as a Know Your Customer check, which asks customers for proof of identity and their current address.
These types of checks allow the operators to keep minors isolated from the online casinos and will enable them to ensure people are who they claim to be. This is vital for their anti-money laundering/fraud prevention strategy.
You won’t see your winnings
Now, withdrawal limits do exist throughout all gambling operators, but this is to prevent crimes, such as money laundering. Some players often find this tedious and incredibly frustrating when they’ve just won a large sum of money, as they’re prevented from withdrawing it all straight away.
On the other hand, reliable and reputable operators will guarantee to pay out each player winning and do it by using a completely safe and secure method. If the player isn’t however satisfied with this process, they’re entirely free to escalate their issue with the regulator that’s in charge of that casino.
There will always be controversy and speculation in and around myths. However, we hope this small rundown has cleared the air about a few of the ‘large myths’.
Just remember, don’t believe everything you read on the internet, and always carry out your research.