Clearing up Common Misconceptions About Online Gambling

Clearing up Common Misconceptions About Online Gambling

Laws and attitudes to online gambling are shifting. All over the world, countries are moving towards regulation. While some are rushing to embrace the change, others are still hesitant. It’s understandable, as many myths surround casino play and online sports betting.

For many years, these activities were labelled as bad without further clarification of what was offered and how people could be protected. With that in mind, let’s clear up some common misconceptions about online gambling that still exist today.

Online Gambling Is Illegal

Online gambling is not illegal in Canada. Land-based licensed casinos exist in Canada, and the laws don’t prohibit players from accessing online casinos if they’re licensed. Offshore casinos were bringing in huge sums from Canadian players. In 2020 projections showed that the market size of the gambling sector in Canada would shrink.

At this point, individual provinces took it into their own hands to oversee activities with a more open market but enhanced regulation. These factors are all evidence that online gambling is legal in Canada. It’s moving toward a safer, more regulated state with benefits going back to the community via tax revenue.

Online Casino Games Are Rigged

Online casinos need to make a profit to operate, which means players can’t expect to win every time. All games have a house edge, a percentage that goes to the casino. These percentages are theoretical and work out over thousands of bets. The house edge varies by game and depends on the rules.

Since most online games are virtual and run by computers, the idea has arisen that those results can be manipulated. For that reason, live roulette variations have become popular as players see the croupier spin the wheel and throw the ball in. However, licensed sites work with trusted software providers. The games use random number generators (RNGs) to produce unpredictable results, and those are tested by independent bodies.

Some casinos even give players access to the code and algorithm. It shows how the result was randomly predetermined before the users bet, proving that the casino didn’t interfere to ensure there weren’t any winners.

Looking at Past Results Helps Make Predictions

Some games of skill, like poker, require strategy. Other games, like blackjack, require you to make the right decision based on the information in front of you. However, there are also games of chance like slots, baccarat, and roulette. The control of the situation is out of your hands, and you make your predictions without any information besides the rules of the game.

Some bettors want to make an informed bet, and so they avoid numbers that have already come up, or they saw two bonus symbols on the last spin, so they increase their bet for the next. While you might feel like you’re improving your chances, understanding probability is an essential element of good bankroll management.

The spin of the reels, deal of the baccarat hands and spin of the roulette wheel are independent events. The previous spin has no bearing on the result of the next one. The odds for red or black reset each time, so calculate accordingly.

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CATEGORIES : Gambling

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