To add excitement to the games of chance, the promises of big prizes are always a valid incentive. It can fill the game with mixed feelings, but it also provides players with the hope of a great reward that awaits them at the end of the tunnel.
According to a general survey, online casinos receive more visitors in slot games. The easy and carefree dynamic seems to hook an important number of people and, although the progressive jackpots do not have the fame that they used to show in the past, they also work like honey that attracts the hornet’s nest.
However, there is a reason why the public, in general, became skeptical when it comes to jackpots. Yes, certainly there are proofs of winners that were made with millions of dollars in a very lucky round, as well as there are documents that prove that the casinos, in their business condition, complied with paying every penny – discounting taxes and fees, of course.
The reason, in that sense, lies in the frequency. Of the one million people who roll the reels, maybe one is the lucky one or maybe none. There are so few opportunities to obtain a greater prize than the exhausting and constant attempts, end up discouraging even the most optimistic of the players.
There is no other casino game that relies on a greater proportion of chance than a slot machine, and that there are dice and there are roulettes on the tables, ending the patience of all those who play them. The system of jackpots is even worse: a kind of cooperative that connects all over the world and that, sooner than later, shoots all the credit as long as the combination of numbers is fine.
The problem does not end there. In fact, you could consider winning as the least of the problems. Once the users reach this jackpot, between legal procedures, taxes, tips and compensations to the game room, the original figure is considerably reduced; and the happy winners, although encouraged, cannot avoid the feeling that they have been scammed in some way.
Up to this point, it seems that progressive jackpot slots are the worst invention in the world, and there will be many who agree with this theory. But a more absolute amount will be shown against, defending tooth and nail to your favorite entertainment source that, after all, does not lose its fun quality even if decades pass.
In that sense, you cannot fully guarantee a way to avoid falling into the trap, but when it comes to playing slot machines in online casinos, you can appeal to certain conditions that can save users from making a big mistake.
When casinos began to migrate to digital platforms, financial frauds also became part of the agenda. The allegations seemed to have no end and, at one point, the idea of closing all the rooms devoted to recreational activities was considered as representing financial damage.
Fortunately, the possibility of losing a business that seemed to be more than profitable exacerbated the restrictions that the Internet demanded to open a business. Licenses became a mandatory requirement, laws, and finances had to be supervised by the banking entities of each country and, in case of any real threat, the pages were vetoed immediately.
Nowadays, some unfortunate players sometimes have the bad luck of falling into offers that look very good but are not, at all, really. For that reason, identification became fundamental when it came to getting a membership in online casinos.
In that sense, it is very important to read these conditions. Sometimes, especially when payments are subject to credit cards, many rooms will not accept one that does not belong to the owner; that is, to the person who is using the casino. In the probable cause that it admits it, there will be a follow-up to verify that the owner authorized the use of this payment method.
It may seem that this has nothing to do with progressive slots, but the opposite is true. If the casino fails to verify that the owner is the same player – or has the authorization – he can withdraw the winnings and file a report for identity theft.
About the payment terms
So far it has been mentioned many times that casinos always offer more than they are really willing to give, it is a deceptive advertising strategy that, honestly, does not surprise many players given the way they are presented. However, it never hurts to keep the attention in certain matters.
For example, in the probable cause that a player gets a progressive jackpot of $40,000 – a small number, frankly – it could take up to 10 months to see the full amount in his bank account; this is because some rooms of games limit the number of transactions per month that, rarely, exceeds $5,000.
To imagine, in that sense, what the withdrawal modality would be like before a sum of 1 million dollars, is a nightmare. After all, who in their right mind will want to wait 10 or 20 years to collect all their money?
The most advisable, in that sense, is to search between the terms and conditions of a casino that makes daily withdrawals for 5 thousand or 10 thousand dollars. The time would be considerably reduced and the money of the players would be delivered in a more direct way once the procedures have been verified in a relevant way.
About taxes and concessions
Such a large and substantial prize of, say, 5 million dollars, thrills anyone. Casinos, as a financial business, cannot and do not want to be the exception and, when the winnings can be obtained from their players – as they always do – they will not miss this opportunity.
This is another compelling reason to read the terms and conditions. Those small letters, if they are accepted without flipping, can represent an error that plays at a disadvantage for bettors. And one of the points that must be dealt with is the amount of money that goes to the department of finance and the casino.
As far as taxes are concerned, the amount is described and approved by law and fluctuates according to the country. Therefore, any modification made by the casino can trigger a report for alteration of funds. However, in the section that describes the percentage that the casino receives, it is better to stop on time.
There is a standard that online rooms handle. Generally, they receive between two or five percent of what a player wins in the slots. This percentage does not represent much if the figure is small; for example, one hundred dollars would only be 5 dollars; but if it is something more substantial, like 5 million dollars, once the taxes are covered, the casino would have an approximate quarter of a million.
Of course, this figure dazzles more, although it still represents the same 5%. The point is that, as with this number, it can go up and become much worse as the weighting index increases to, say, ten percent.
The players, once they know this, must stay alert to the conditions that are expressed in the contract and to those who will access sooner rather than later.
Most of the misunderstandings that occur in online gambling halls are guided by the fact that players do not stop to read the conditions that exist and that they are there to be respected.
From that point of view, it will be very easy to claim that the casino is looking for ways to harm them and plan how many tricks they can to get them to be disadvantaged. However, gambling halls are not thinking of cheating or cheating. This would not only mean a reduction in the number of players, but also a possible suspension of their licenses.
Everything must be treated, then, of mutual responsibility. As well as the room is in the obligation to provide fair conditions, the player has the duty to follow them and adapt to them. And to do so, of course, you must read them.