How Do Online Casinos Work?
The internet came, and the gambling scene shifted. Land-based casinos became less popular, though not faced out, but people took to the online platform with a vast force. Maybe it is because you can play silently without the noise of people playing in the land-based casino which increases the speed of playing the game, or the fact that you can enjoy your game anywhere. Whatever the reasons, the fun and thrill associated with it cannot be underplayed.
So, how exactly do online casinos work? Just like land-based casinos, you can still enjoy playing table games, blackjack, baccarat, slots and even Roulette. The online platform has many features and flexible betting limits that make it suitable for everyone. The odds and payback percentages are better compared to land-based casinos. Sounds exciting, right? Now let’s look at the pillars of online casinos. What makes them tick?
Deposits and Withdrawals
Making deposits and withdrawals on many online casinos is very easy, fast and efficient. You can make deposits using any of the available payment processors. They include bank transfers, credit cards, and debit cards, E-wallets like PayPal, Neteller, and Payoneer. The moment you need to make a bet on any game to play, you only need to make the transfer, and your payment will be received by the casino instantly and your account should reflect the balance in a few moments. Interestingly, a deposit can earn you a hefty welcome bonus which you can use to wager on games of your choice. However, it is important to note that bonuses are subject to their stand-alone terms and conditions.
The withdrawal process is also smooth. After playing and winning some cash, you don’t have to wait for months to get a cheque from the casino with your payments. The withdrawal process is achieved the same way the deposits are handled on the same banking avenues. Most online casinos are flexible and offer a variety of ways to cash in and out from wherever you are without having to go there in person.
The Online Casino Structure
For any online casino to function well and execute all its activities seamlessly there has to be three systems at play:
- Online casino platform providers; this is a casino that is licensed and regulated to provide online casino services. It offers the platform where you can choose to play your games upon. For instance, if you were to go to Monte Carlo land-based casino instead of another casino in Vegas, you have selected Monte-Carlo as your gambling platform. Same applies to online casinos, the casino provider gives you that platform, and many of them are available online.
- Software Providers: These are the people who create the programs and games used in casino online gambling. They are not casino platforms themselves, but they provider games to online casino operators at a price. This makes it impossible for the casino to manipulate game results and also cuts on the costs incurred by the casinos. Some of the biggest software providers are; Microgaming, Playtech, NetEnt, Play’n Go.
- Payment processors: The online casino platform teams up with the various payment processors and gets licenses to operate with them so that they can provide a wide variety of ways to make payment without inconveniencing the client.
This working relationship delegates duties to bodies that know how to operate best and have the best means. That is what makes online casino gambling very efficient.
Return to Player Percentage
This is what you need to look at before you sign up for any online casino platform. RTP is the figure posted in percentage to show how much money is paid out to winners form the amount that was taken as bets. There is a program that runs and estimates this figure within a specified period. In layman’s’ language, if the RTP(Return to player) percentage is 98% then that means that out of 100 invested,98 will be paid out as winnings.
Once you know these few basics, you can be satisfied that online casinos work almost the same way as land-based casinos, with the same rules of the game only better, convenient, faster and more fun.