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 gamble, but you can stay home relaxed 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 that the provider deems correct, you must also be over 18 years old and ready to go.
What are the different categories found 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 such as virtual poker and regular slot games found in a casino.
Scratch Cards – Scratch cards that are a perfect replica of the scratch cards you buy at lottery booths.
· 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. The 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 usually 35 times the given amount). Once the wagering criteria are met, the money can be withdrawn.
What is a wagering requirement? A wagering requirement is a calculation established by casino providers for clients where a client has to play the required value of bets in order to withdraw their money. Let’s take an example, so that we can better understand what a wagering requirement is:
It has a 100% bonus offer up to $ 100 and accepts the full package, therefore, deposit $ 100 and get $ 200 in total to play. The wagering requirement set by the provider is 20 times. Therefore, in order to withdraw your money, you must play 200 X 20 times ($ 4,000) in bets. Once this number is reached, you can withdraw your money.
Providers typically set up a separate wallet for casinos as they would offer bonuses at casinos, they would not want customers to play the 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 necessary as the wagering requirements for sports betting are normally 3-5 times.
So, enjoy the adrenaline rush when playing online games and win. One last thing you must not forget, always use money management as your first option. Never play more than 5-10% of your bank, otherwise it will make the betting companies richer.