Myths of iGaming
1. iGaming is not fair
One of the most common myths about iGaming is that online casino games are always rigged against players. This misconception may have arisen from bad experiences and the unregulated nature of early online betting sites. However, the landscape has changed significantly since then.
inplaySoft explains:
Today, online casinos are licensed and regulated by government bodies that enforce strict standards. They use Random Number Generators (RNGs) to ensure that game outcomes are fair and unbiased. These RNGs are regularly tested and audited by independent companies, ensuring transparency and fairness. Players can also verify a casino’s licenses and certifications to check its legitimacy.
2. Game outcomes can be predicted
Many players believe they can predict game outcomes, such as slots or roulette, by studying and analyzing past results. This myth leads to misguided strategies and can increase losses.
inplaySoft explains:
Games like slots and roulette are random. This means each spin is independent of previous results, and there are no patterns to exploit. The outcomes of a slot machine, for example, are determined by RNGs, making it impossible to predict future results based on historical data. Understanding this randomness helps players have realistic expectations and can even enhance the gaming experience.
3. Bonuses are just marketing
Another widely held myth is that online casinos offer bonuses solely as marketing strategics and that they hold little real value. While it’s true that bonuses are used to attract new players, they can also enhance the gaming experience.
inplaySoft explains:
Welcome bonuses, free spins, and loyalty rewards give players opportunities to explore games without substantial risk. However, players should be aware that bonuses usually come with certain requirements. For this reason, it’s important to read the terms and conditions to understand the true value of the bonus. When used wisely, bonuses can increase the chances of winning.
4. iGaming is illegal
Many people mistakenly believe that iGaming is illegal in most parts of the world. This myth may have been fueled by media coverage of illegal betting operations and the varying regulations across jurisdictions.
inplaySoft explains:
The legality of iGaming depends on each country and can even vary within different regions of the same nation. While iGaming is fully legalized and regulated in some places, it may be prohibited in others. For example, the UK, Canada, and several European nations have established robust frameworks for iGaming, ensuring consumer protection and responsible gaming.
Other countries, like Brazil, are updating their legislation to accommodate iGaming. Regardless, players should always research the applicable laws in their location before participating in online gaming to avoid legal repercussions.
5. You have to bet big to win big
A common myth about iGaming is that larger bets correlate with bigger winnings. Many players think that to achieve significant wins, they must place substantial bets, which isn’t true.
inplaySoft explains:
What determines the amount of money a player wins is the amount wagered and the odds of the bet. Higher odds mean a player can win more money, but it also means the event they’re betting on is less likely to occur.
It’s also worth noting that the bet size doesn’t affect the odds of winning. In slots, for instance, the Return to Player (RTP) percentage remains constant regardless of the wager. It’s important for players to set budgets and stick to them — responsible gaming emphasizes enjoyment rather than the amount wagered.
6. Live dealer games are more reliable
Some players believe that live dealer games offer a more reliable and authentic experience compared to traditional online games.
inplaySoft explains:
Live dealer games provide real-time interaction with a human dealer, but they are based on the same principles of fairness and randomness as online casinos. The outcomes are determined by RNGs or physical card shuffling, depending on the game.
7. It’s possible to become a betting expert
Many enthusiasts believe they can become betting experts through practice and study.
inplaySoft explains:
Some card games, like poker, require strategy and skill. In this case, practice and study can lead to more wins. However, most iGames, like slots, are games of chance. No amount of practice can change the inherent odds of these games. It’s important to approach gaming with the understanding that it’s primarily for entertainment and that outcomes are largely unpredictable.
8. iGaming is a passing trend
Skeptics believe that iGaming is a passing trend and that it will eventually fade away.
inplaySoft explains:
The iGaming industry has grown and shown resilience over the last decade. Contrary to this myth, iGaming is becoming a permanent fixture in the entertainment landscape. With advances in technology, greater internet accessibility, and the use of smartphones for gaming, the iGaming industry is poised for further growth in the coming years.
9. All players are addicted
There’s a stereotype that all iGaming players are addicted or have gambling problems. This is not only a myth but can lead to stigma and misconceptions about the average player.
inplaySoft explains:
Most players engage in iGaming for entertainment, not because they’re addicted. Many platforms promote responsible gaming initiatives and offer tools and resources to help players stay in control of their activities. Awareness and education are essential to prevent players from developing gambling issues.
Final considerations
The iGaming industry will continue to grow in the coming years, so understanding why the most common myths about it are misconceptions is important for both players and operators. Debunking these myths helps empower individuals to make informed choices and enjoy their gaming experiences more responsibly.
Source: inplaySoft
