As the iGaming industry grows at an exponential rate, it transforms the way people engage with sports betting and online casinos. Despite its popularity, several myths persist among a significant number of players and prevent many people from joining in the fun. In this article, inplaySoft will help debunk some of the most common ones. "In this way, we hope to provide greater clarity and prevent users from making decisions based on misconceptions."
iGaming Myths
1. iGaming is not fair
One of the most common myths about iGaming is that online casino games are always rigged against the players. This misconception may have started due to bad experiences and the unregulated nature of the early online betting sites. However, the scenario has changed significantly since then.
The inplaySoft explains:
Currently, online casinos are licensed and regulated by governmental bodies that impose strict standards. They use Random Number Generators (RNGs) to ensure that the outcomes of the games are fair and impartial. These RNGs, in turn, are regularly tested and audited by independent companies, ensuring transparency and fairness. Players can also check the licenses and certifications of a casino to verify its legitimacy.
2. Game outcomes can be predicted
Many players believe that they can predict the outcomes of games like slots or roulette with study and analysis of past results. This myth leads to misguided strategies and can increase losses.
The inplaySoft explains:
Games like slots and roulette are random. This means that each spin is independent of previous results and that 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 strategies and that they have little real value. It is true that bonuses are used to help attract new players, but they can also enhance the gaming experience.
The inplaySoft explains:
Welcome bonuses, free spins, and loyalty rewards provide players with opportunities to explore games without substantial risks. Players, however, should be aware that bonuses typically have associated requirements. For this reason, it is important that they read the terms and conditions so they can 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 of the world. This myth may have been fueled by media coverage of illegal bookmaking operations and by varying regulations among different jurisdictions.
The inplaySoft explains:
The legality of iGaming depends on each country and can even differ within regions of the same nation. While iGaming is fully legalized and regulated in some places, it may be prohibited in others. The United Kingdom, Canada, and several European nations, for example, have established robust frameworks for iGaming, ensuring consumer protection and responsible gaming.
Other countries, like Brazil, are changing their legislation to adapt to iGaming. In any case, players should always research the applicable laws in their location before participating in online gaming to avoid legal repercussions.
5. You need to bet high to win big
A common myth about iGaming is that larger bets correlate with larger winnings. Many players think that to achieve significant gains, they need to bet substantial amounts, which is not true.
The inplaySoft explains:
What determines the amount of money a player wins is the amount they bet and the odds of the bet. Higher odds mean that a player can win more money, but it also means that the event they are betting on is less likely to happen.
It's also worth noting that the size of the bet does not affect the chances of winning. In slot machines, for example, the Return to Player (RTP) percentage remains constant, regardless of the bet. It is important for players to set budgets and stick to them - responsible gaming practices emphasize 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.
The inplaySoft explains:
Live dealer games offer real-time interaction with a human dealer, but they are based on the same principles of fairness and randomness as online casinos. The results are determined by RNGs or by the physical shuffling of cards, depending on the game.
7. It's possible to become a betting expert
Many enthusiasts believe they can become a betting expert through practice and studies.
The inplaySoft explains:
Some card games, like poker, require strategy and skill. In this case, practicing and studying can result in more wins. However, most iGames, like slots, are games of luck. No amount of practice can alter the inherent odds of these games. It is important to approach gaming with the understanding that it is primarily for entertainment and that the outcomes are largely unpredictable.
8. iGaming is a passing fad
Skeptics believe that iGaming is a passing fad and that it will eventually fade away.
The inplaySoft explains:
The iGaming industry has grown and demonstrated resilience over the last decade. Contrary to what this myth suggests, iGaming is becoming a permanent element in the entertainment landscape. With advances in technology, greater internet accessibility, and the use of smartphones for gaming, the iGaming industry is likely to grow even more in the coming years.
9. All players are addicts
There is a stereotype that all iGaming players are addicts or have gaming problems. This is not only a myth, but it can lead to stigma and misconceptions about the average player.
The inplaySoft explains:
The majority of players engage in iGaming for entertainment, not because they are addicted. Many platforms promote responsible gaming initiatives and offer tools and resources to help players maintain control over their activities. Awareness and education are essential to prevent players from developing gaming problems.
Final Considerations
The iGaming industry will continue to grow in the coming years, so understanding why the most common myths related to 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
