Did you know that in 2016 the online gambling market generated $45 billion dollars? That’s pretty impressive, but you would be truly surprised to learn just how many individuals are truly uneducated when it comes to online gambling. Sure, they might know the ins and outs of gambling, but online gambling is a whole different beast. Whether you have been online gambling for years, or you just picked up the hobby there are several things that you need to be aware of and below, you will learn about these things.
Not Legal Everywhere
If you are located in the United States, you probably already know that the legal stipulations regarding online gambling are murky at best. There are no laws that say that someone can’t open an online gambling or poker website, but there is a Federal Wire Act that prohibits individuals from betting on sports using “phone-like” devices. What that being said, it is completely illegal for anyone to offer gambling services to a US citizen if they are not licensed. Most online casinos and other online sites just ignore these rules, because their servers are located in different countries.
Counting Cards Will Not Help You
If you are somewhat familiar with online casinos you probably already know that they utilize random number generators. However, not all online casinos take advantage of a random number generator. In fact, some casinos like SCR888 will offer the option of playing table games over webcam. You will be able to see real live players and you will also have a real live dealer. Blackjack has to be without a doubt one of these most popular types of the games.
If you know anything about counting cards you probably know that it is completely impossible to count cards when the dealer is shuffling the deck every time. When playing against a random number generate the deck is always shuffled after every hand. When dealing with a real live deal they also shuffle the deck after every hand. In fact, they use an automatic shuffling machine to do this. However, when playing in a casino in Vegas or some other resort this is not a practice that they partake in.
Bonuses Aren’t What They Seem
Most individuals that are new to the online gambling scene always look for online casinos that offer great sign up bonuses, and there are a lot of them out there. However, these bonuses are not quite as good as one might think. While most casinos are willing to match your start up funds based on a certain percentage, it makes it even harder to cash out. For instance, say you deposit $200 into your start up account, while the casinos matches this at a 200% interest rate. This now means that you have $600 dollars in your account, and this might seem like free money.
However, this is where the fine print can come into play in the licensing agreement. Most casinos that offer this kind of mark up are going to require you to make at least $600 in wagers before you are even eligible to cash out.