The online casino industry is constantly on the move. The multitude of offers and the legally confusing structure often lead to rumors and myths. But what is true about the myths? We have uncovered thşe myth about online casinos for you and show you the truth behind them. Let us surprise you! One partner you can definitely trust is HellSpin.
Just like in real life, you can’t always be unlucky. A phase of bad luck is often followed by a phase of good luck. Life is a series of ups and downs. But can this wisdom also be applied to online gambling? No. All virtual slot machines use a certified random number generator. The results of previous game rounds are therefore irrelevant for new game rounds. The odds of winning are recalculated for each new game round. If the player has lost in the last ten rounds, he will not automatically win the next round. Alleged professional gamblers claim on the Internet that virtual slot machines produce more winnings at certain times of the day or night than at other times. This claim is also untrue. Every time a bet is placed, chance determines success or failure.
Winnings are therefore unpredictable due to the random number generator used and online gambling is therefore not a way to earn money in the long term.
Different payout ratios in online gambling
The various payout ratios also play a major role. The payout percentage (RTP) indicates the average payout of an online slot game in the long term. The higher the percentage value, the higher the average payout to players.
The payout percentages in offline gaming
There are no fixed payout percentages in online casinos. In gambling halls and casinos, the payout rates are usually 60-70%. Players generally incur losses here in the long term. In casinos, the payout ratio is 85-90%.
The payout ratios in online gambling
But what about the payout ratios at online casinos? Most online casinos offer the same slot games. These are not provided by the online casinos themselves, but by game manufacturers. Winnings and losses do not depend on where you play, but are random.
It is up to the online casino which payout percentage it chooses. The return to player (RTP) can be adjusted up or down by a few percentage points. The payout ratio in online casinos is generally 94-97%. Online casinos such as Bwin, DrückGlück, Casinosheroes, Mr. Play, Karamba, Magic Red and many others have lowered their payout ratio by around 2%. Fees for processing deposits and withdrawals also reduce the payout rate. Banks charge fees of 2.5% for every deposit, for example, so that this money is gone right from the start. Some banks such as Ing DiBa or Comdirect charge an additional gambling fee of 2.5 – 5 euros.
Online gambling harbors further risks
In addition to chance, so many other factors play a role that it cannot be said that a lot of bad luck has to be followed by luck. The risk of winnings not being paid out at all is also high. This is because, according to the current legal situation, most player contracts with online casinos are null and void. The online casino providers are also aware of this, which is why players are often not paid out their winnings in the first place. Bad luck must be followed by good luck is therefore a myth in online gambling.