7 Facts You Need to Know About Online Casinos

Facts About Online Casinos

Online casinos have revolutionized the way we gamble. People around the world are now seconds away from their favorite casino game.

All you need is a computer, tablet, smartphone, and an internet connection to play your preferred casino game from anywhere on the planet.

Before you blindly jump headfirst into the world of online gambling, read about these seven facts you need to know about online casinos.

1. The Impressive Deposit Bonuses Come With Stipulations

Online casinos have discovered a fantastic tool for luring in new customers. The deposit bonus is a cash-matching offer when a customer opens an account and makes their initial deposit.

These bonuses can either come as a fixed dollar amount or a percentage matching amount.

So, you may get a 200% bonus up to a certain dollar amount at one casino, and another casino could offer a $300 bonus with a qualifying deposit amount.

Either way, the online gamblers see the offer as free money, and to a degree, it’s like having free money. However, you’re going to pay for it eventually. It’s sort of like getting a stimulus check from the government. It’s free money now, but there’s always a catch.

Online casino bonuses come with strict wagering requirements. These wager requirements not only stipulate how often you’ll have to pay to get access to any bonus money or winnings. They also determine what your bet amounts will be to satisfy the agreement.

The bottom line with online casino bonuses is that the money you receive will almost certainly be back in the casino’s pocket. Still, having an extra $100 in your account to start your online gambling career can make tremendous strides in extending your bankroll.

The casinos aren’t trying to trick you necessarily.

If they didn’t have wagering requirements, nothing would stop players from signing up, getting their free money, and immediately withdrawing the funds and moving on to the next.

At the end of the day, online casino bonuses are great for the player and great for attracting new customers to the casino. Make sure you carefully comb over all of the fine print, and you can avoid any nasty surprises down the line.

2. Money Out Isn’t as Simple as Money In

Making your initial deposit in an online casino is relatively straightforward. You enter your credit card, PayPal, or cryptocurrency information, and the funds are verified pretty swiftly.

It’s not much different from making any other online purchase. Usually, you’ll be playing your favorite game within several minutes.

Please Note:
When the time comes to withdraw your funds, the process isn’t so simple. For starters, if you hadn’t verified your identity when you created your account, you’re not going to like what’s next. Online casinos take painstaking measures to ensure that you are, in fact, yourself when it’s time to withdraw the money. Sure, the delays can be incredibly frustrating, but it beats the time necessary to deal with fraud. Then, there are the individual casino’s withdrawal schedules. When you make a withdrawal request from an online casino, it may take days for the request to be processed.

Part of this is due to the casino’s small staff, and part of it is that they want you to have the opportunity to change your mind.

When everything is said and done, it could take up to two weeks for you to get your direct deposit or check in the mail.

Again, you can find most of the details on withdrawal policies on the terms and conditions page. I suggest you go over these carefully before opening an account with any online casino.

3. The Odds Match Land-Based Casinos

I encounter a ton of casino gamblers that remain leery of online casinos. Somewhere along the line, they’ve gotten it into their minds that these highly regulated and completely legitimate businesses are out to get their money.

Well, I’ve got bad news for them.

Casinos exist for the sole purpose of relieving gamblers of their money. In exchange for that money, you get hours of entertainment.

While casinos are there to make money, none of them are out to get you. Reputable land-based and safe online casinos have little to no incentive to cheat.

The math ensures that over time, they will make a profit 100% of the time. All they need are the players. The fact is that game odds remain the same whether you’re playing in Las Vegas or sitting on your couch playing at an online casino from your phone.

So, unless you are counting cards in live blackjack, players will locate the same house edges you find at the Aria at online casinos.

4. Slots Galore

Slot machines are the kings of online casinos. Slots are one of the most popular games in any casino. Online casinos have the luxury of having virtually unlimited space for the spinning reel games.

In a land-based casino, you’ll run into space restrictions that simply can’t accommodate a single extra machine.

No such thing for the online casinos.

Slot machines are so vital for online casinos’ success that they can account for over 70% of the casino’s total revenue.

You’ll find thousands of games in a vast range of denominations at online casinos. I challenge you to find an online casino that doesn’t have your favorite game.

Of all the choices the players have in an online casino, it’s the low limit machines that are the workhorse. These low cost and typically low volatility machines drive more business for online casinos than any other game.

Slots enthusiasts will also appreciate how smoothly players are able to transition from one game to another. If variety is your cup of tea, you’ll immediately feel at home playing online slots.

5. Slots Often Have a Higher RTP at Online Casinos

Earlier, I spoke about how the odds in an online casino are identical to the games in brick and mortar establishments.

Well, that’s mostly true. You remember all of those slot machines we just went over? Most of them have a much higher payout percentage than slots in a land-based casino. That’s right; playing slots in an online casino is considerably better than playing in a casino.

How can this possibly work?

Online casinos are considerably cheaper to operate than a land-based casino. You don’t have any massive hotel towers, golf courses, luxurious spas, roller coasters, expansive salt-water aquariums, or fountain shows at online casinos.

All of those expenses add up, and by not having any of those costs, online casinos can afford to pay out more to the players.

Please Note:
This dramatically changes how the return to player will affect your bankroll and opportunities to win. The most significant difference comes on the low limit slots games where most players tend to gravitate anyway.

Land-based casinos are exceptional entertainment institutions, but given this information, you should never play slots in a land-based casino.

6. Online Casinos Aren’t Widely Legalized

Before you rush off to register and make your deposit with an online casino, you should check your state’s laws regarding playing in an online casino.

Over the past several years, the online gambling movement has taken massive strides in the United States.

The list of states with some form of online gambling continues to grow. Still, some states focus only on sports betting and leave online casinos in a grey area. Still, the movement has begun. Several states are looking at legislation that would open the doors to legal online casino gambling.

As both sides weigh-in, one thing becomes abundantly clear—many people are simply indifferent. They aren’t gamblers, so it doesn’t concern them one way or another.

Casino gamblers’ continued growth will draw more attention and more of a voice to the side vying for legal online gambling. I suspect it won’t be long before a majority of the states have legal online casino gambling.

7. Tons of Free Games Available

One of the best features of online casinos is the vast selection of games you can play for free. Playing your favorite games for free has a number of incredible benefits.

Firstly, playing games for free is where every casino gambler should begin. Learning to play casino games comes with its share of mistakes.

Please Note:
When you are playing for real money, these mistakes cost you money. You shouldn’t ever blindly jump into playing casino games for real money. Spend time learning the nuances and flow of a game for free, and you’ll save yourself frustration and money in the end.

Another tremendous benefit of playing for free is that it can dramatically extend your bankroll. Sometimes, things aren’t going your way, and you’re bleeding money.

Still, you want to stay in the action.

Online casinos give you the chance to make a lateral move and stop the bleeding. It can be a phenomenal way to get on a hot streak and transfer that winning mentality to the cash games.

Conclusion

I’m not suggesting that online casinos are somehow superior to land-based casinos in any way. However, there’s something that can be added to most casino gamblers’ gambling approach by exploring online casinos.

The seven facts you need to know about online casinos are a great way to avoid pitfalls and maximize your time in online casinos.

Rex Hoffman / Author

Rex Hoffman is a passionate sports writer, with over five years of experience covering sports journalism in line with the Vegas betting landscape. His favorite subjects include football, basketball, and baseball. As a Las Vegas resident, he enjoys finding an edge against the local sportsbooks and aims to share his extensive knowledge with both beginners and experienced bettors. Rex also dabbles in horse racing wagering and enjoys typical casino fare like blackjack and poker in his spare time.