Home Blog

Playing with Virtual money Vs. Real money in Gambling

0

Virtual money is becoming very prevalent these days. Their values are growing on a vast scale as it provides you with the convenience that real money does not provide. In this post, you will read about what virtual money is and the advantages or use the virtual money over real money and also its disadvantages.

Virtual money Vs. Real money

Virtual money:

Virtual money also called as Digital currency is a kind of a digital coin that you can send over the internet, these coins represent values that are not issued by the banks or governments, but is accepted by people as a means of payment or services.

Digital currency has many advantages as compared to other alternatives. Traditional banks charge fees to process monetary transactions, this increases the cost of everything you buy. Digital currency can be sent to person to person, Business to Business without going through a bank. There is no transfer through banks, no transaction fees needed, your account does not freeze, and there are no arbitrary limits.

The advantages of using the virtual money over real

money:

We all know that the laws regarding with gambling in casinos are diverse and country specific. Most states do not even allow people to gamble. With the development of online casinos, it is incredibly easy for people to wager money on their favorite games. In countries like India, gambling is not legal and is restricted to few areas, in such cases online casinos, and virtual money plays a significant role in allowing people to gamble and maintain their privacy at the same time.

Free Sign up:

Now online gambling sites allow their users to use crypto currencies to gamble and play their favorite game. Some online casinos allow their users using the virtual money for instant and free signup. The users can withdraw and deposit any amount any time.

Payouts:

There are better payouts given for the users with crypto currencies because there are not operator costs. The transactions need not go into the hands of many banks which ask fees for the money transfer. The transaction costs are not there, thus making the cost very less.

Privacy:

Virtual money provides you anonymity from everyone around you. You have a complete discreet gaming experience, and the transactions won’t show up on your credit cards or bank account, also gives you a tax-free transaction. Thus your privacy is guaranteed.

Speed:

The transactions are instantaneous since the money does not get into the hands of the financial middle man.

Security:

No personal information needs to be entered as credit card numbers or bank account details while using virtual currencies. Giving you a complete peace of mind that your data is safe.

Reliability:

Virtual currency can be used anywhere in the world on any device connected to the internet without the worry of transactions being declined by the banks are the fee you need to pay for those operations.

This virtual currency has an excellent advantage over real money, so play all the games you know and love and avoid all the pitfalls of traditional casinos using real money.

4 Myths about Online Casinos that Keep You From Winning

0

The online gambling industry is still relatively young, and though it has come a long way, there are still a number of leaps that it needs to take to reach its peak. Since it is relatively new, people have lots of doubts about this industry, these doubts have given rise to a variety of myths.

Here are some myths that are keeping people away from trying their luck at earning a fortune through this industry.

Online casino

Myth number 1: Online casinos is another name for scam.

Like everything related to the internet, there is a huge chance of people being scammed if they are not wary of how they gamble online. It is true that people can be scammed if they gamble away at an unreliable online casino, but it is certainly not true that gambling away at an online casino means that you won’t ever see your money again.

There are online casinos that are registered under the legislation of certain jurisdictions and all of them will have relevant online reviews. Before you gamble away your money at any online casino, it is your duty to look for and ascertain that the casino is legitimate.

Online reviews and registration with a certain jurisdiction is the best way to make sure that the online casino is legitimate.

Myth number 2: Getting your winnings from an online casino is a huge hastle.

It is a common misconception that getting your winnings out of the online casino is a huge hastle. But there have been a series of developments in the payment systems. This means that the online casinos these days are associated with a number of diffierent payment systems. So the chances are that there will be a number of ways for people to withdraw their winnings from the online casino.

So, no, it will not be difficult to withdraw your winnings once you win something in the online casino.

Myth number 3: Online casino hosts games that are rigged.

In a traditional casino it is quite easy to not only understand the mechanism of the game but also to determine if the game is rigged or not. Online games are at a disadvantage when it comes to this particular point. This is probably why this myth came into existence.

The fact is that online casinos, that have tremendous reviews are well known and must certainly have had winners or else players wouldn’t have given their reviews.

Online casinos gaming is a game of chance and there are regulatory bodies that tend to ensure that the registered online casinos are not rigging their games to keep the odds in favor of the online casino alone.

Myth number 4: Online gambling is illegal!

Well, ask the million of players from around the world this very question and you will find out that gambling online in some regions is illegal but equally legal in other regions. But there are ways to get around this condition and people can play without the fear of being prosecuted by authorities for illegal actions.

Now that all the myths have been busted, do go ahead and have some fun at an online casino.

judi poker bandar poker