Gambling has always been a popular form of entertainment, and in recent years, the popularity of online casinos has skyrocketed. It has been reported that the online casino industry is expected to grow to USD 100 billion by 2026. COVID-19 restrictions have also resulted in a boom in the online gambling market due to the closures of physical casinos.
So, apart from being a popular entertainment outlet, how much do you really know about online casinos? Here are seven interesting facts that you didn’t know about online casinos:
1. It is legal (Depending on where you live)
Gambling in online casinos is legal, but only depending on where you live. You can break the law when you gamble online in certain jurisdictions, so always check beforehand.
Fortunately, there are currently no laws that prohibit online casinos in Malaysia – so keep calm and keep playing!
2. The first online casino appeared in 1994
Did you know that online casinos have been around for almost three decades? It might be hard to believe, but the first online casino was developed by Microgaming in 1994, just 100 years after the first slot machines appeared in land-based casinos.
3. You get to play with real people
Even though you won’t be physically present at an actual casino, most online casinos offer a genuine casino experience with real dealers and players engaging in the game in real-time. That’s right – you will get to enjoy the complete gambling experience right from the comfort of your own home and play your favourite games at any time.
4. Slot machines are the house’s favourite game for you to play
Slot machines are the most popular online casino games because they are just so simple to play. No strategy or skills are required, and there’s practically zero learning curve – you will probably hit hundreds of rounds in a matter of minutes. For this reason, slot machines are the house’s favourite game for you to play. With such quick rounds, slot machines remain to be one of the most profitable online casino games.
5. Online casino bonuses are legit
It may seem too good to be true, but most online casinos offer legit bonuses that you can use like real money when gambling. Bonuses are a great way to give your winnings a boost. Look out for welcome bonuses that may be offered as a single deposit match bonus, meaning your first deposit will be matched dollar-for-dollar, or a no-deposit bonus, which means that you get to play for free as long as you sign up with the casino. You should also keep an eye out for other types of bonuses that may be available, such as birthday bonuses and loyalty bonuses.
Make it a point to read the terms and conditions to check the qualifying criteria for the bonuses. Of course, there are indeed fraudulent sites out there, so it’s always good to be cautious. When in doubt, always check GamingSafe for reliable and trusted site reviews.
6. The fine print matters
It may be tempting to skip the “boring” terms and conditions and dive straight into your favourite casino games, but please don’t do that. When it comes to online casinos, it is absolutely essential to read the fine print and understand what you’re getting yourself into. You might also want to pay special attention to things like rules that you need to follow in order to qualify for bonuses, the maximum number of withdrawals allowed per month, and if there is a minimum withdrawal amount.
Understanding the rules right from the start will prevent nasty surprises later on and allow you to have a better online gambling experience!
7. The house always wins
Bear in mind that the house always wins because of the house advantage. “House advantage” refers to how the house is positioned to win in the long run because of the house edge, or mathematical advantage that the casino enjoys over the player.
This means that while you may celebrate occasional wins, continual gambling will result in losses in the long run for you. The odds are always in the casino’s favour, so do gamble wisely and know when to stop.
Visit GamingSafe now for more gaming guides and reliable reviews on online casinos in Malaysia.