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Posted on October 1, 2022

What are online casinos?

Online casinos are also known as virtual casinos. These are casinos where you can play the same games that you play in a real live casino, but online. So, in other words, you don’t have to dress up and go to a casino to play, but you can stay at home relaxing enjoying a beer or a cocktail and play as much as your heart desires. These casinos are also available 24/7 which means you can play anytime. All you need is a visa or any other form of payment the provider thinks is right, you also need to be over 18 and ready to go.

What are the different categories that one finds in online casinos? Well, you can find just about anything at online casinos, be it slots or table games, you name it and they have it. Typically, these fall into the following categories:

Slots – Games like virtual poker and regular slot games you find in a casino.

Scratch – Scratch games that are a perfect replica of the scratch cards you buy at lottery stalls.

· Table games – Roulette, Blackjack, Poker, etc.

· Live Casino – Here you are connected via webcam to a live casino where you have a direct confrontation with the dealer, who is usually a lady. Chat service is also available in most live casinos.

· Games: games that look like slots, ex Hulk, Ironman, scarface, etc. Various providers of these games are GTS, NetEnt, etc.

Jackpots – Slots with very high jackpots

Most casino providers offer bonuses and free spins to customers as an incentive to deposit more money. These bonuses are supplemented by a wagering requirement (for casinos this is normally 35 times the amount awarded). Once the wagering criteria is met, the money can be withdrawn.

What is a wagering requirement? A wagering requirement is a calculation set by casino providers for customers that a customer has to play the required value of bets in order to withdraw their money. Let’s take an example, so we can better understand what a wagering requirement is:

You have a 100% bonus offer up to $100 and you take the full package, so you deposit $100 and receive $200 in total to play with. The wagering requirement set by the provider is 20x. Therefore, in order to collect your money, you must play 200 X 20 times ($4,000) in bets. Once this number is reached, you can withdraw your money.

Providers usually set up a separate wallet for casinos, since they offer bonuses at casinos, they don’t want customers to play bonus money on sports betting or poker. Therefore, a separate wallet is used. But you can transfer your deposited money at any time to and from the wallets. This is also mandatory as wagering requirements for sports bets are normally 3-5x.

So, enjoy the adrenaline rush when you play online games and win. One last thing not to forget, always use money management as your first option. Never gamble more than 5-10% of your bankroll, otherwise you will easily make the betting companies richer.

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