You chose an online casino because it appealed to you in some way, be it the visual presentation, the range of casino games or the wonderfully tempting deposit bonuses. Then it’s just a few steps to the fun: register, sign up, load money and go! Really simple, you might think – and it really is. But it gets interesting afterwards. Here are 3 facts about online casinos that you should know in advance.
3 Facts about Online Casinos
Online casinos – the great deposit bonus comes with strings attached
Online casino operators have discovered a wonderful tool to attract new players – the deposit bonus, it usually catches the eye immediately on online casino websites. It is a money-saving offer for new customers who open an account and make their first deposit.
These deposit bonuses are quite different depending on the online casino. Some casinos offer a bonus that is based on a percentage of the deposit amount. Others offer a fixed amount when the minimum deposit amount is reached. For players, the message is clear either way: you get free money to gamble with! But what few players know is that they actually always pay for it in some form. Nothing is free in this world and when there is something for free, it usually comes with a catch.
Deposit bonuses from online casinos come with clear rules that can be read in the fine print. There, for example, it is specified how often you have to deposit in order to receive the bonus money. Some casinos even specify how high the betting stakes have to be to qualify for it. You smell a trick or even a scam? In short, it’s usually not like that at all. Online casinos are businesses and need to make money while protecting themselves from being taken advantage of. If there were no rules for bonuses, any player could sign up, gamble away the bonus, take the winnings and move on to the next casino.
So, whether it goes back into the online casino’s coffers or not shouldn’t matter. Everyone involved actually benefits from it at some point. Therefore, to avoid disappointment, players should really read the fine print carefully before registering at an online casino and then enjoy their bonus.
Money withdrawals are not as easy as money deposits
The first deposit in an online casino is relatively simple and fast. The options are many these days: credit card, PayPal or cryptocurrency and in no time your deposit will be verified.
However, sometimes it’s not so easy to withdraw your money once you’ve won enough. The process is a bit more complicated. For the withdrawal, online casinos have to make sure that the recipient is the right one and fraud is excluded. For this, players have to verify their identity when registering. Those who initially skipped this important step may be a bit frustrated, but eventually still get their money.
There are also certain internal withdrawal processes at some casinos. The withdrawal is sort of requested and then has to be processed first, basically like at a normal bank as well. This can take a few days and in this time you could also change your mind and continue to play with the money. So a bit of calculation is also there on the part of the casino.
Therefore, before you register at an online casino, be sure to read the fine print to see what the payout process looks like.
Online casinos are not always licensed
To avoid any nasty surprises, players should make sure that an online casino is licensed in Germany before registering and depositing at it. Most countries regulate gambling establishments and with good reason. The goal is to avoid scams, protect players and ultimately earn money in the process.
Even those who are only casual gamblers should pay attention to the seriousness and legality of online casinos. In Germany, the valid State Treaty on Gambling will change from July 2021 and it will bring much more legal certainty for both players and providers. And what’s more, it means that the tax revenue from gambling will then stay in Germany and not flow away. After all, every player in Germany has an indirect benefit from this in some way as a citizen.
Conclusion to the 3 facts about online casinos
Online casinos are a very attractive alternative to traditional casinos. Even in traditional casinos, players have to identify themselves and register in order to play. However, since traditional casinos have been state-controlled for decades, players are quite well protected here and the fine print in the house rules is clear. Online casinos, on the other hand, are all very different and have to set up and safeguard themselves economically differently. The rule for players is therefore quite clear – first read carefully, then gamble.