4 things you might not know about online casinos
A few years ago, the idea that online casinos may be more popular than physical casinos was laughable; it was thought of as nothing more than a passing fad or poor substitution. However, that is not the case anymore as the market is currently worth $66.7 billion, and is expected to grow to $92.9 billion by 2023, and $127.3 billion by 2027, which is more than double the size in less than 10 years.
Many people gamble casually, or visit online casinos to only play for fun, and as a result, not much is known about the sites that are so frequently visited. There are many aspects of online casinos that aren’t exactly general knowledge, and require research to find. These aspects could be quite important and might affect the casinos you choose or games you decide to play. To help you along, here is a list of 4 things you might not know about online casinos.
Welcome bonuses
While it may be true that many people are aware of welcome bonuses, or know they exist, you probably might not have known that some welcome bonuses are better suited for different games more than others. The two most popular welcome bonuses are deposit bonuses and no deposit bonuses. Deposit bonuses will require you to make a deposit and then you usually receive an additional amount, and most of the time there is no wagering requirement. This kind of bonus is best used for table games.
Match bonuses are also pretty useful for table games, but to maximize the amount you receive, you will unfortunately have to deposit more, up to a certain limit. In addition to this, many people aren’t aware that most online casinos are part of the same company, and registering to many sites to receive welcome bonuses can result in a ban if caught.
So what does this mean for you? Well let’s look at Ruby Fortune, which is a popular choice for new gamblers. They don’t offer any no deposit bonuses but they do offer deposit bonuses. At the moment they are currently offering up to $750 in deposit bonuses over your first 3 deposits, giving 100% match bonus up to $250 on each transaction. This means that if you wanted you could get $750 in “free” casino credit. If you wanted to take advantage of this deal from Ruby Fortunes you can find more information here.
Slots are the most popular
You may have thought that slots are the most popular game casinos offer, simply because there are so many. This is partly true; it’s popular for the casino, it’s not all that popular for gamblers. Online casinos may advertise a variety of games such as blackjack, poker, roulette, however their preferred choice is slots. This is because the above mentioned table games, and a few others, have the lowest house edge which makes them popular for gamblers, but not for the casino.
Slots on the other hand have the highest house edge compared to any game offered by the casino, and this is why there is a disproportionate ratio of slot games compared to the rest of the games.
Customer support can be a problem
One of the biggest complaints that gamblers have had over the last few years is customer support. When looking at it at face value, you might wonder why online casinos would have trouble with this, but when looking at the bigger picture, it will make sense. One factor is that there are so many new online casinos being launched every year, and with a new online casino, it’s difficult to know whether or not it will be visited by many people. Hire too many customer support staff and that’s an expense; hire too little and there are complaints about customer support. In other words, it’s very trial and error.
Another factor is that there are more than 1.6 billion active online gamblers, and around 4.5 billion who are active at least a few times a year. With that being said, it’s important to check the quality of the customer support before registering with a site.
Random number generation, hit frequency and payback percentage
Many people have always wondered what goes on behind the curtain, if the games are rigged or if it is just luck. The good news is that the games are not rigged, but the bad news is that winning is not based on luck. Almost every casino game, except live games, use random number generation to ensure complete fairness to the player.
Two other factors are hit frequency and payback percentage. In a nutshell, hit frequency is how often a game will let a player win, and payback percentage is the amount from all total bets from every player that you will win when winning. To increase your ‘luck’, choose games that have a high percentage in both hit frequency and payback percentage.