Online casinos are a billion-dollar industry and they make that money by trapping new players into losing as much money as possible. In this blog post, we will discuss the 5 biggest traps online casinos use to take your money. By knowing what these traps are, you can avoid them and keep your hard-earned cash in your pocket!
5 Biggest Traps Online Casinos Use
The welcome bonus is the most common trap used by online casinos. They offer you a large bonus, usually a 100% match on your deposit, to lure you in. Then, they attach a bunch of ridiculous terms and conditions that make it impossible to ever withdraw that money.
For example, they might require you to wager the bonus amount 100x before you can withdraw it. That means if you deposit $100 and get a $100 bonus, you would have to bet $10,000 before you could withdraw any of that money!
The house always has an edge in gambling, so there is no way anyone could ever meet those wagering requirements and come out ahead. The online casino knows this, and they count on you losing your deposit and bonus before you ever get a chance to withdraw it.
The Fine Print
Another trap online casinos use is hiding the rules and regulations in the fine print. They make the sign-up process quick and easy, but buried in the fine print are all sorts of fees and charges that they will hit you with later on.
For example, they might charge you a “processing fee” every time you make a withdrawal from your account. Or, they might have a minimum withdrawal amount that is higher than what you actually have in your account. These hidden fees can quickly eat away at your bankroll, leaving you with nothing to show for your winnings.
The games offered by online casinos are another trap that players fall into. They offer all sorts of exciting games with flashy graphics and big jackpots. However, the odds of winning these games are usually stacked against the player. The house always has an edge, so you are more likely to lose money than to win it. Stick to the classic games like blackjack and roulette where you have a better chance of coming out ahead in the long run.
Online casinos will often offer promotions and bonuses to try and get you to deposit more money into your account. They might offer a “reload bonus” for making another deposit, or they might offer a “loyalty bonus” for playing a certain amount of money. These promotions might seem tempting, but they usually come with strings attached.
For example, the reload bonus might have a wagering requirement that is impossible to meet. Or, the loyalty bonus might only be available to players who are losing money. Before you take advantage of any promotion, make sure you read the fine print and understand the terms and conditions.
Finally, online casinos will often trap players by providing terrible customer service. If you have a problem with your account or need help with something, good luck getting in touch with somebody who can actually help you.
Most online casinos outsource their customer service to call centers in other countries, so it can be very difficult to get ahold of somebody who speaks English. Even if you do manage to get in touch with someone, they will often give you the runaround or tell you that there is nothing they can do.
By avoiding these traps, you can help keep your money in your pocket and improve your chances of winning at online casinos. Do your research before signing up for an account, and make sure you understand the terms and conditions. If you have any problems with your account, don’t hesitate to reach out to customer service. Additionally, you should use eWallets to finance your casino account rather than your bank account to avoid any kind of scams. Finally, stick to the classic games where you have a better chance of coming out ahead.