The online casino industry is very profitable for everyone involved except the players. And in some cases, some players walk away with a lot of money, too. But that’s rare. Winning the lottery is rare, but some people pull it off.

I have compiled a list of lies and half-truths that you may hear from some online casinos. Not all Internet gambling sites make these claims and Xgtiger Casino is one of them. And not all places that make these claims are lying.

But you have to go into Web gambling with your eyes open. In any highly profitable industry, naive and/or uninformed customers can lose a lot of money. Be suspicious. Be a little paranoid. Don’t spend a lot of money at an online casino until they earn your trust.

Here are some lies to watch out for:

You can get free money just for signing up to their casino

This is more of a half-truth than an outright lie. I’m talking about these bonus offers that casinos aggressively boast on their site.

Isn’t it funny how the amounts of these bonuses are always written in really big colorful letters, but all the terms and conditions attached to those offers are written in fine print a click or two away where did you first read about the offer from?

Here’s an example of how a casino bonus offer might work:

You sign up at an online casino that offers a 200% bonus on your first $250. You get $500 in bonus money, so you now have $750 in your account.

That sounds like free money to most people.

Here’s the problem:

You can (most of the time) ONLY use that money to gamble at the casino.

And you can’t just gamble it and pocket your winnings. Online casinos have wagering requirements, which require you to put in a multiple of your deposit plus your bonus before being allowed to cash out.

Here’s how it works:

The casino has a 35X wagering requirement. So you need to place 35 X $750 in bets before cashing out. That’s $24,500 in bets.

Most casinos require that these bets be placed on their slot machine games as well. Those games usually have the highest house edge in the casino.

Let’s assume, however, that you are playing at an online casino with a relatively low house edge. Let’s say the payout percentage on their slots games is 96%. The house edge in that case is 4%.

4% of $24,500 is $980. That’s the amount of money you can mathematically expect to lose when you place multiple bets.

Of course, you only have a bankroll of $750. If you are expected to lose $980, you have nothing left. In fact, you’ll break fast.

How fast?

Let’s assume you’re an average slot machine player and you make 600 spins per hour. Let’s also assume you’re playing for $1 per spin, so you’re putting $600 per hour into action. It will take you about 40 hours to get $24,500 in action—assuming you don’t go broke first. I think most players will break in 30 hours or less.

Don’t misunderstand me. Online slots are fun. Getting 30 or 40 hours of play instead of 10 hours of play for your money is a good thing.

But it’s not the same as free money, and you shouldn’t believe the casino when it tries to convince you that it is.

Online gambling is completely legal

Online gambling sites make a big production of touting where they are licensed and regulated. Of course, the implication is that a licensed and regulated company is doing business legally. But this is only sometimes the case.

Betting on casino games from players in the United States, for example, is more or less illegal nationwide. There are some variations in the laws depending on which state you live in. But the Wire Act may apply even in those states.

However, there is a kernel of truth in this statement. Enforcement activities are always focused on the betting company. The players were never arrested or prosecuted. (At least they haven’t. Who knows what might happen if Trump is elected, though—he has ties to the land-based casino industry here in the United States.)

Your risk of being arrested and prosecuted for playing blackjack or a slot machine on your computer is very small. But the activity still needs to be completely legal.

And if enforcement does something at the casino where you have money, like they did at PokerStars and Full Tilt Poker a few years ago, your money may be tied up for a while until the legal arrangements are settled.

This casino is the best on the Internet

I once heard a joke about how everyone thinks they have a great sense of humor, but this may not be true in every case. The same holds true for good taste. If everyone has good taste and a good sense of humor, we can’t tell, because you can’t tell good from bad unless someone is bad.

But no online casino is going to market itself by saying, “Hey, guys. We are not the best casino on the Internet. Heck, we’re not second best. But we’re probably good enough for you.”

The truth is that different casinos appeal more to some players than others.

Here is an example:

You may love blackjack, but you also like to place the occasional bet on a football game. You also like to play Texas hold’em.

Slots.lv is a website dedicated almost exclusively to video poker and slot machine games. Yes, you can play blackjack there, but the focus of the site is different.

On the other hand, Bovada.lv is a one stop shop for gamblers. They have great blackjack games but also offer poker and sports betting.

Neither site is “better” than the other—but one of the sites is better for a certain type of player than the other site.

Their games are fair

To be fair to the online casino industry, their games are fair… from a certain point of view.

But the reality of casino games is that the gambling industry makes huge profits because their games are mathematically UNFAIR in nature.

Here’s what I mean:

Roulette is a game where you have 38 slots on a wheel. 18 of them are black, 18 of them are red, and 2 of them are green. If you place a bet on red or blackjack, you get equal money.

That doesn’t seem like a bad deal. You have ALMOST 50% chance of doubling your money.

But look at how the math works out for the casino (and for you) in the long run.

Let’s say you have 38 perfect rounds, where the ball lands in each pocket once. You will win even money 18 times but lose 20 times.

That’s not a fair game, not in the mathematical sense, anyway.

That said, games at online casinos are, for the most part, like games at a land-based casino—at least mathematically. Video poker uses the same odds as a deck of 52 cards. An online roulette game offers a 1 in 38 chance of hitting a number bet. You still have a small house edge in blackjack.

So yes, they are fair. But they do not fit the mathematical definition.

In this regard, online casinos are no different from their land-based cousins.

They offer excellent customer service

Some of these sites offer excellent customer service. We only do our best to recommend sites where customer care is adequate. But not all properties are capable or even concerned with customer service.

The biggest customer service concern at most casino sites has to do with cashouts. It is common for many of these companies to be reluctant and/or slow to pay out your winnings. Just because these sites make a lot of money doesn’t mean they aren’t greedy.

I recommend playing at casinos with a solid reputation and recommendations from a legitimate gambling portal.

They often become victims of bonus abusers and fraudsters

Casinos make a lot of noise about how difficult it is to do business when bonus abusers are constantly trying to take advantage of their promotional offers. The truth is that they have less of a problem with it than they say.

Let’s face it. The math is on the casino’s side with every single bet you can make. How much money does the casino need to give new customers to overcome that fact?

As if that wasn’t enough, casinos have high wagering requirements. I haven’t seen a casino with a low enough wagering requirement for a player to have a chance to abuse their offer in years.

The truth is that many gamblers are better off just playing with the money they have deposited and rejecting any bonus offer.

Don’t feel sorry for an online gambling site that seeks sympathy for customers who take advantage of their bonus offers. That’s less involved than they’d like you to believe.

Everything is “easy”

Online casinos make everything you need to do with them easy. Making a deposit is easy. Setting up a new account is easy. Clearing your bonus requirement is easy.

The truth is that some of these things are easy, and others are difficult.

Making deposits SHOULD be easy, and it is if you use several deposit methods from several parts of the world. But if you’re trying to use a credit card from the United States, you may have more trouble getting charged than you expect.

Making withdrawals should be easier, but here’s where the rubber meets the road. You can really tell the caliber of the site you’re dealing with when you’re trying to withdraw some winnings. If they make it easy for you, stick with them, because they’re the exception to the rule.

One aspect of online casino gambling that is really easy is the gameplay. Most reputable online casinos offer intuitive, user-friendly games that are easy to learn. That’s a casino gambling tradition, and it probably won’t change anytime soon. The easier they play their games, the more money they make.

Conclusion

Are you an avid gaming fan and wondering how to bet on online casino games? At Xgtiger Casino, you will get the latest information on this year’s best casino games and a variety of gaming options, all in one place.

To start your online gambling journey, all you need to do is create an account on the site, deposit funds and you will be ready to bet on the best and most anticipated casino games.

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