In 2023, the turnover of the gambling business in Ukraine amounted to 12-15 billion hryvnias per month (approximately 144-180 billion per year). Users spent more than 400 million in online casinos every day.
There are so many misconceptions and myths around the gambling industry. Each of these myths hides a story, a mistake, or just a human desire to find logic where everything is decided by chance or fortune. Let’s analyze the most popular myths about online casinos and whether they have a share of truth.
Myth: Online casinos are always a scam
Most illegal casinos offer their players to try a free game. When users start playing regularly and for real money, they may have problems with withdrawals. Sometimes, people face frankly “unfair” games. It is important to understand that gray and black casinos have no obligations to you, so it is in their interest to make money from you.
Reality. When registering at a casino, you should also pay attention to the registration process. In gray casinos, the registration process requires only a few clicks. Instead, for a legal operator, it is important that users do not have any illegal restrictions. Therefore, legitimate casinos may request passport data for validation and age verification during registration.
In addition, we recommend checking the withdrawal process. A legitimate operator will provide you with simple and straightforward withdrawal tools. An illegal casino will complicate the withdrawal in any way possible.
Myth: Large bets increase the chances of winning
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It is commonly believed that “The more you bet, the more you win”. However, in gambling, everything depends on the case, and the size of the bet does not affect the outcome of the game. The main thing is to be able to stop in time and not let the excitement take over common sense.
Reality. Large bets can lead to large losses, especially if you are not “on a horse” today. It is worth remembering that gambling is entertainment, not a way to make money. Set limits for yourself that will help you avoid unpleasant consequences. An effective strategy and budget control is what can really increase the pleasure of the game, not unrestrained bets.
Myth: The longer a slot has been winless, the greater the chances of hitting the jackpot
This is probably one of the most common myths among gamblers. Most people think that each slot “collects money” for a certain period of time, and after accumulating the amount determined by the operator, it gives the winnings. And it is only important to identify a special moment to hit the jackpot.
Reality. In fact, this “moment” does not exist. The chances of winning or losing don’t depend on when the previous win was or how long the jackpot hasn’t been drawn. Everything is controlled by chance. Any search for patterns is a waste of time and your nerves.
Myth: Only professionals can win in online casinos
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For some reason, there is a perception that ordinary people have no chance of success in gambling and can only win with the help of complex strategies and skills.
Reality: Anyone can win at online casinos. Online casinos just provide access to a wide range of games that even beginners can master. There are a huge number of gaming strategies and systems that can help players increase their chances of winning. However, it is important to understand that there is no guaranteed strategy that will ensure constant winnings. Success in gambling depends on a reasonable approach, bankroll management, and luck.
Myth: Casino winnings are subject to high taxes
“If you win, the state will take almost everything” – players joke among themselves. In fact, the taxation of winnings depends on the country and can vary, but in general, it is small. In some countries, casino winnings are exempt from taxes altogether.
Reality. Read about tax laws, it will help you avoid unpleasant surprises and plan your winnings more consciously.
Myth: Online casinos leak personal data
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Most illegal platforms practice the transfer of personal data of users to other operators. This is due to the fact that there is a common customer base and the attraction of new players.
Reality. In legal licensed online casinos, all user data is protected as securely as in a bank.
What myths about casinos do you often hear?
All the myths we have analyzed will allow you to navigate the gambling industry more accurately and make more informed bets. Play without prejudice and enjoy your winnings!
