Online casino is any kind of casino related to the internet. Online casinos offer randomness and refund percentages that are higher than physical casinos. However, there are times when some sites claim to give a refund or to offer high odds but actually do not. These sites are detected by external regulators who perform audits on sites.
Fraudulent activities by the casino is written and documented by players online. An online casino with multiple fraudulent reports is most times referred to as a rogue casino. Casinos attract players with fake bonuses and make them register to their site.
Movement of casino funds
The funds for online casino can come from credit card, money order, checks (certified or electronic), wire transfer or cryptocurrencies. Funds are usually uploaded to the gaming site. In the United States, however, Americans are prohibited from using their credit cards to make payment to the online gaming site. Those who use it always get rejected.
Cognitive biases displayed by players
- Players sometimes overestimate the probability of a bet going through. They end up losing money by continuing to pick favourite rather than options with higher probability. They find it hard to against their preference.
- Ratio bias. Gamblers prefer gambles with worse odds from a large quantity to better odds that are drawn from smaller sample. They believe worse odds are equivalent to winning.
Slot machine terminologies
- This is unique feature which gets activated when specific characters appear in a winning combo. This is dependent on game. .
- Thisis the light atop theslot machine. It flashes light to send specific message to players.
- Coin hopper.This is the container where coins are kept. It is a mechanical machine that spins coins into the coin tray when a player receives money. It also drops off excessive coin into the drop bucket.
- Credit meter. This displays the number of credits left on the machine.
- The drop box. This is where the excess coin is dropped from the coin hopper.
- This is the Electronic Gaming Machine.
- Wild symbols. It is a variant that can substitute for most of the other symbols in the game including scatter and jackpot. They sometimes have a chance to stack or pile across the entire reel.
- MEAL book. This is the Machine Entry Authorization Log. It is the record of employee’s entries into the machine.
- Optimal play. This is a refund percentage based on a gambler using optimal strategy.
Pg recommended slot games
Pg slot is an automatic slot game. It suggests games that are fun to play. The games are easy to play, easy to break, hard to break and hard to play. The slot games are fair to players and give a rate ratio of risk. They however offer a 70% win rate. There is no formula to the slot games but a method and procedure instead which feels easier to break.