Do online casinos cheat?

Waiting is exhausting. Especially when you wait for your money from online casinos. Actually, you can make attempts to impact the duration of the process. The time of withdrawal depends on several factors. They are withdrawal banking options, overall request processing, security check, bank request and verification.

Verification and safety

As soon as you make a request for payout, the casino’s security control must verify your personality. Apart from your already mentioned info, you may be asked to send some more proofs of your unique identity. That is why the overall processing of the request takes so long. However, some online casinos swear it’s fast and takes no more than 24 hours. If you wish to know which are these fast online casinos, check the relevant article on our site.

Generally, the very first payout procedure takes longer than all the further ones. It’s due to that online casinos need time to verify that it’s exactly you who requests the money. All their actions are done with a safety purpose. So, there’s no need to get annoyed that they are too slow or make you provide some additional docs. It’s their job. Your online casino must be safe and secure, remember?

Banking options

To tell the truth, selection of the banking option is a very important step. When you want to make a request, choose the option suitable to your needs.

• If you want the winnings right now, fast and easy, choose an e-wallet. Usually online casinos make transactions to e-wallets instantly and very often don’t require any docs to verify you. They offer mainly these options: Neteller, Skrill, ecoPayz, PayPal, MuchBetter.
• Another popular method to withdraw winnings is banking cards. No matter if it’s credit or debit. Visa or Mastercard receive the payment within 3 days. The time depends on the security checks.
• Bank transfer is a classic way to withdraw money. It’s safe and direct, from casino to bank account. One disadvantage is that it takes 3-5 days to transfer.

Conclusion

Remember that the banks can have a security check too. Thus, it all counts as the waiting time of several banking days. If the fast payouts are what you need, then you should follow the formula. Sign up at the fast processing online casino, provide the authentic info about you, choose an e-wallet as a withdrawal option. Otherwise, if you don’t hurry and can wait, bank cards or transfer can be your choice.

Before we actually estimate the total revenue of online casinos, I would like to mention that no one can provide the real amount of money earned by casinos per month or per year. Besides, it depends on the casino reputation and popularity. Fair and customer-oriented online casinos probably make more money compared to the income of the small, less popular gambling sites.

Online casinos have expenses too

Like any other business, companies working in the online gambling industry have to buy services, pay ‘for rent’ and other fees. The highest expense of online casinos is game software providers. A well-reputed casino has at least three partnered softwares, each of them costs about $11,000 a month. In addition, they all take charges from the games when players use it. The monthly charge is about 15% per game.

Apart from the providers, online casinos need to pay for marketing and affiliate programs. It’s again estimated about $12,000 a month. Add to this other payments for hosting, security services, salary to the team and additional expenses. Totally it equals to approximately $25,000 – $30,000 a month.

Yearly revenue of online casinos

Let’s take an average revenue amount of the online gambling industry a year. It’s around $50 billion a year. Thus, about $4 billion each month. It would be simple just to divide the sum by the number of operating online casinos, which is about 4,000 online casinos on the whole Internet. We consider small and big popular casino sites.

Dividing it all, we get $1 million per casino. But as I’ve already mentioned, not every casino works at the fullest. So, there must be about 20% online casinos that make a real profit worth approximately a million dollars.

Presumably, an online casino makes $1,000,000 a month. This sum covers the fixed expenses of $30,000 and payout to players, let’s say it’s $150,000 a month. Saying again, I’m not sure which sums are correct. Anyway, online casinos result in about $800,000 a month, which is approximately $10 million a year.

Cheating, hacking, deceiving are all words for misbehavior of players. Through the years, since the opening of land-based casinos and up till now, in the era of the Internet, people are seeking for the opportunity to steal money from online casinos. You can say: “Casinos steal my money too!” But no, you give them the money at your own wish and will.

Can someone hack the casino?

The online casinos are not so stupid to let you cheat them. Even the smartest hackers in the world can’t beat the security systems of the site. Of course, there were multiple attempts and some of them were successful. But anyway it certainly ended up with bad consequences as anyone in the world now can be caught. You can make up your own hacking strategy, by the way, considering all the flaws and circumstances. However, it’s no guarantee you’ll be through with it. All in all, some illegal affair at online casinos isn’t worth it, right?

Reading up to this point, anyway you want to know how to hack software of an online casino. So, I’ll give you only approximate ideas as I’m not a hacker at all. The whole strategy development lies down on your shoulders.

RNG Hacking

The first thing you should understand is that all games are driven by RNG. The slots, cards and balls are shuffled in an absolutely random way. In order to hack an online casino, you’ve got to hack the generator. One of the instruments to help is another software. The special software is determined to program all at once online slots or sometimes one specific slot. You need to run this software simultaneously with your casino slot just to mess with it. Thus you deceive the casino by making the RNG invalid working it out in your favour.

Team work

Another popular way to hack a game, live casino game, to be exact, has nothing to do with real ‘hacking’. It’s just a cheating method that can be used by regular players (who don’t have special computer skills, I mean). So, you need to gather your friends around. You all should enter the same live poker game, for example. Everyone must agree to show the cards and, of course, split the winning among them all. Basically, you just see the cards of your friends and you all can manage them to win the dealer. If everything comes out successfully, you then withdraw and divide the money equally.

The previous method of cheating doesn’t yet have the appropriate security system on the side of casinos. It means you can use it. But still, do it wisely and don’t gather around the greedy friends. All in all, it’s better to play the casino games just for fun and not for stealing money. You know, the illegal affairs never lead to something positive. Besides, the protection technologies are at the highest level now, and the online casinos implement this very type of security.