The rapid growth of Online Casinos is undeniable: valued at roughly $75 billion at the time of writing, the global online gambling market is expected to at least double before the end of the decade. This, though, is just the beginning: the technological advancement itself and the unceasing pandemic accelerate the expansion of online casinos even further, forcing millions of land-based gamblers to foray into the undiscovered realm of online gambling.
Speaking of which, online gambling is so different from its brick-and-mortar predecessor that it can easily lead astray even the most tempered punters…unless you’ve done your homework, that is. In the lines below, we’re going to elaborate on the worst mistakes you can make when you enter the uncharted waters of online gambling. Not every frigate out there is led by pirates, but you have to watch carefully through your binoculars to separate the good from the evil.
Before we start, let’s give some credits to the author of the piece, Aleksandra Maj, a gambling expert from KasynoHEX. And now that no obligations are left to perform, let’s jump on it without any further ado!
#1 Choosing a Dubious Casino
There are dozens of reliable sites with multiple licensed and even more accolades – Lucky Bird Casino, Vulkan Vegas, Slottica, Energy Casino, and more – but, for unknown reasons, some newcomers tend to select brand-new platforms. Most think that the newer the casino, the better it should be, but that’s mostly wrong because it takes time to mature and win customers, which can only be done after at least a few years of top-notch catering.
In a nutshell, there are two key parameters by which you can estimate the credibility of an online casino:
- Licenses. The more licenses, the better, but even a single one issued by a credible licensing body – for example, the UK Gambling Commission (UKGC) – is much better than none at all. Among the best licensers are the Malta Gaming Authority (MGA), the government of Curacao, the Alderney Gaming Control Commission (AGCC), and the Kahnawake Gaming Commission. There might be other reputable issuers, but then again, the takeaway is to steer clear of unlicensed gambling dens. The only exception would be no-registration casinos, as these types of venues can’t receive a license for obvious reasons, but that’s a separate topic for research.
- Fairness of games. There are two ways to make sure the games aren’t rigged: first, you can choose a blockchain-based provably fair casino, in which fraud is excluded mathematically; second, you can select a site verified by eCOGRA or an independent software testing agency alike. The seal of approval by eCOGRA is highly valued among gamblers, so it might be reasonable to follow the beaten track in this case.
#2 Jumping on Bonuses without any Preliminary Research
All online casinos without exception are trying to lure you into spending your hard-earned money. There are many tricks up their sleeves, but the most effective one is bonuses. It might seem otherwise, but bonuses make you much closer to depositing and losing your money, and here is why:
- First, most bonuses require a deposit. But not only that: even if you are lucky to receive a bonus just like that, most casinos will only allow you to cash it out after receiving your real-money deposit, which makes absolutely no sense for you if the bonus is equal to or less than the deposit required.
- Second, most bonuses require completing a wagering requirement, which is a multiplier – for example, 50x your deposit/bonus/bonus winnings – indicating the amount you must wager on the eligible casino games before you can cash it out. Speaking of the eligible games, different games contribute towards the wagering differently: for example, a game contributing 50% would credit only half the money wagered on it towards the wagering counter.
- Finally, there might be other restrictions you have to deal with, such as excluded countries/payment methods/games, a capped amount of the bonus winnings, and more.
The good news, though, is that there’s a way to circumvent the harsh bonus restrictions: a no-deposit and a no-wagering bonus. No-deposit bonuses are usually granted just like that to all newly registered users, while no-wagering bonuses can be cashed out without completing a wagering requirement. That said, neither of the two is deprived of other possible limitations.
#3 Neglecting the Opportunity to Play for Free
Real-money games are alluring, but you can’t wager your hard-earned money on something you don’t know, can you? Free Play was designed not without a reason, and you have to take advantage of it before stepping up your game to a higher level.
Even if you’re playing slots, which are the least skill-demanding, you have to spend an hour or two on researching the title. Are there Wilds, Scatters, mini-games, a gamble mode, etc.? Is the volatility high, medium, or low? What’s the RTP? These aspects are vital for understanding the game.
And if you’re going to play games of skill like blackjack and poker, get ready to spend at least a few weeks on free practice to be able to compete with other players. All in all, though, don’t put the cart before the horse, and you won’t end up disappointed and empty-pocketed.