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Do online casinos make money?

People losing money. Generally speaking, casinos use tricks to attract new players. Have you heard about the welcome bonuses that casinos provide? Surely, yes. In fact, by doing this you need to make an account and deposit some money. Once you have done this, it’ll be easy to deposit more in the future.

House Edge

The real earnings do not depend on players losing money, but also they take a house edge. They take a small percent every time you play a game. However, the percentage is not that big, around 5%. It’s definitely enough to make a lot of money, because you are not the only one who plays the game. The slots and roulette are the most profitable games, due the highest percentage. Moreover, there is another source of income. The easiest one is to involve commissions. The casino takes a percentage of the bet.

Conclusion

All things considered, online casinos make a lot of money, don’t worry about being scammed. Take into account, there are many people playing at the same time as you.

The old but gold IGT, or fully International Game Technology, is the provider of online games of a casino kind. It is popular enough among online casinos. To tell the truth, almost all gambling sites have the IGT games in the lobby. The reason why they add the games is the reliability and variety. The provider has got table games, lotteries and, of course, impressive slots. The slots are indeed amazing with the bonus games, features, and progressive Jackpots. The most played slots are Cleopatra, Golden Goddess, Wheel of Fortune. I am sure you have heard about them before.

Provider IGT started its activity a long time ago. To be more exact, in the 80s of the twentieth century. Thus, you can be sure the results are real, and the RTPs are high. As I said before, there are a big number of sites with IGT games. So, you will hardly find any trouble when searching for the games. Let me recommend some online casinos with excellent service and IGT included: Jackpot City, Spin casino, 888 casino, Ruby Fortune, Royal Vegas, Kaboo Casino, Guts, Dunder, Thrills Casino.

Let me guess, you have deposited to an online casino, lost in the game and now wish to receive your money back. Or ok, maybe you’ve faced a fraudulent casino? In both cases you can dispute the money, but the result will be completely different. Besides, it’s a consequential issue to dispute the charges. So, you’d better think wisely before you actually make a chargeback request.

Necessary requirements

First of all, I’d like to explain some facts to you. These are mainly the requirements by the moment you decide to dispute.

  • Chargeback is the service of bank credit cards using Visa, Mastercard, also bank transfers and some e-wallets like Neteller.
  • The request for dispute has time limits. In other words, you can make a request within 120 calendar days only. If you haven’t made up your mind during 4 months, further it’ll be impossible.

Later, I’ll describe each case (lost game and frauds) and give you the useful tips for a successful dispute of your charges from online casinos. Mind that the moment when you’ll have done it, the situation may lead to unpleasant consequences.

So, if you lose a game as all typical gamblers do right after deposit, you can’t just request for your money back. It even makes no sense. Like you deposited, you played and you lost. It’s almost the same as when you buy some food – buy, eat and are hungry again in two hours. Basically, the online casinos sell service. They give you a chance to play games for money. And the result, either you win or lose, depends on you and your actions.

Be careful!

Apparently, any attempts to dispute the money will be declined by both casino and your bank. For the reason that the service was provided, thus you played, and you got a fair result, so face it. There is only one possible reason to tell the bank. It’s charging the online casino of faulty activity. Starting from rigged games and ending in a totally fake fraudulent casino. However, be realistic, this statement will need proof. Very likely that the online casino will provide all the records where it states that you have played the games and successfully lost the deposited money. As a result, the dispute request will be declined. Unless you have a true proof that you’ve been deceived, you can’t take money back.

Is it still possible?

Speaking of a true situation with online frauds, whether it’s a fake casino or just someone has stolen your credit card, it will be much easier to prove. With such a statement and no visible authentic proof of a contrary, the bank will charge the money back. But it’s not a relief for you. This time you need to prove that the online casino provides faulty service including evidentiary material of a licence absence and rigged games. The former you can find out, no problem, but the latter is hard to get. The RTPs are private records of the service provider. Although it’s hardly possible to request for chargeback, stars can align and somehow you’ll get the money back.

Still after the dispute come the consequences. Get ready to be banned by the online casino. Most probably you’ll get into the blacklist of the company and all associated online casinos. Even though your request is accepted, and everything seems fine, your further chargeback requests will affect your gambling reputation. Thus you’ll not avoid the blacklist.

Conclusion

All in all, I recommend thinking thoroughly before making the actual request. Mind that whether you are right or wrong about the casino service, it may lead to the court. Trust me, it’s not worth it with all the further court consequences unless you’ve deposited a million dollars which I really doubt.

The bonuses are what you see first when you visit a casino site. This is exactly what they are made for. Online casinos have to attract customers in order to get the profit. It’s an obvious business scheme. However, the offerings are not so bright and shiny as they seem.

The typical welcome bonus work

As a rule, the first bonus is the most attractive. Let’s assume it implies giving you a 100% deposit and a number of free spins, say 20. However, these spins are not actually free as you make a deposit first.

All in all, you have to understand how the process is going. So, you deposit the first minimum sum. The bonus gives you 100% of your bonus up. It means your balance is double. For example, you deposited $20 and got $40 in the end. Additionally 20 extra spins for a particular game.

Then you have to meet the wagering requirements. Hopefully, you have read them all preliminary. The idea of the terms is that you won’t be able to withdraw the money until you play your bonus through. That means your 20 extra spins and the rewarded $20.

It’s advisable to set the smallest bet during the bonus rounds because you don’t really notice at which moment your balance is not sufficient anymore. It may occur even before you’ve met the requirements. For example, you haven’t spun the 20 rounds, but you have already run out of your budget. So, in order to withdraw, you need to deposit again and play until you complete the requirements.

Final thoughts

There are other types of promotions, of course. Most of them include the rewards in the form of cash, spins or points. Rewards system is unique in every online casino. Consequently, each casino has individual bonus T&Cs. That is why it’s highly recommended to read the terms. The requirements can be really excessive that you can even regret that you’ve used the bonus. To tell the truth, the experienced players don’t use bonuses at all, and don’t advise it. They know the consequences based on their own experience.

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