Online Casino FAQ

Navigating the complexities of online casinos can be challenging, but the Casino Mavens' online casino FAQ page offers clear answers to common questions. This guide covers topics such as account setup, game fairness, bonuses, and withdrawal processes. By consulting this FAQ, players can gain a comprehensive understanding of online gambling, ensuring a smoother and more informed gaming experience.

Highlights

Game Fairness:

Explanation of how games are audited for fairness and the use of RNG.

Bonuses and Promotions:

Details on various types of bonuses and their wagering requirements.

Legal Considerations:

Information on the legality of online gambling and tax obligations.

Photo by Brooke Cagle

Frequently Asked Online Casino Questions

Yes, that is true; you can count cards and even use software that will help you count them. However, almost every online casino shuffles the deck of cards after each round which kills the purpose of counting cards.

Since most casino games are single player games, you can take as much time as you want to make a decision. On the other hand, if you are playing at a multi-player table or a live dealer game, there will be a time limit for each hand.

Yes, they are. Any winnings that you make from online gambling are taxable. (Check with your local jurisdiction)

No, most casinos will not report it to the IRS, but you are on the honor system to report these online gambling winnings, yourself.
Yes, it does not matter where you are gambling, any income from online gambling, regardless of its location is taxable.
Cashing it all out or in increments is your decision, and it will not affect anything, including your taxes. As mentioned before, most casinos will not report these winnings, so you are on the honor system to declare the winnings on your tax return. You can also deduct any losses in the same year from these winnings.
You will need almost one-million dollars to start a respectable casino which includes adding in 1st-year losses, cash reserves, and starting the casino itself. The best location is variable; it is recommended to stick to regulated places of course so that you do not have to face legal problems. As for the software to use it is a matter of preference but three of the biggest names include Playtech, Cryptologic, and Microgaming. For more details, you can read the “Starting an Online Casino Article” as it discusses this subject in detail.
By all means yes, because this information can’t be used to harm you or hurt you in any way. Apart from that, some of the shadier online casinos might discover that you have provided them with false information, and they can use it as an excuse to avoid paying you your withdrawls.
The information that they request in the previous question should be sufficient but when the casino asks for sensitive details such as the social security number or your mother’s maiden name, then you will have two options; you can leave the casino, or you can provide them with phony information.

Flat betting seems to be the best choice. This is because regardless of how you wager, the expected return is the same. Flat betting minimizes volatility and ensures the preservation of the bankroll.

Many casinos do not accept credit card payments, especially if you live in the US. This is why the best way to get around this problem, especially if you are a US resident, is to use an online bank such as Neteller. Neteller is very similar to PayPal, but it does honor transactions and payments to online casinos.
If you have provided them with your email, they will certainly use it to solicit you into playing for real money; some casinos will even send you a CD of the casino software if you provided them with your address. The reputable casinos will stop if you ask them to. As for the less reputable ones, they might even sell your information to 3rd parties.
Not every casino game is available online; however, with some searching, you will likely find other Egyptian or Cleopatra-themed slots that are similar to those in land-based casinos.
These are two RNG (Random Number Generator) systems. Neither of them will change your odds or affect your probabilities of winning. Just know that Windows RNG is great for free play, but when there is real cash on the line, casinos use a proven RNG, which is the UNIX RNG.
To date, there has never been a case of a player being prosecuted for online gambling. In passing these laws, the effort was to stop players from getting their payments, which was resolved by moving the operations offshore. The laws against players exist but they are not truly enforced, and there are even well-known celebrities who have earned seats in major poker tournaments through online poker rooms.
It is important to note that the U.S. only accounts for half of the market, as there are huge markets outside the country, one of the biggest being the United Kingdom. The U.K. is one of the biggest markets to regulate online gambling. However, as a way to respect the United States'restrictions, online casinos, and gambling operations in the U.K. do not accept U.S. players, making it more difficult for Americans to access reputable casinos and organizations. The problem here is that U.S. based players will be less protected and more likely to be cheated by a shady online casino. Lobbyists for the online gambling industry are urging Congress to repeal the law.
You can still enjoy online gambling as casinos that run operations from offshore locations are not obligated to follow the laws of the U.S.; most allow Americans to participate, but there are some that enforce U.S. regulations. As for deposits, using an online bank such as Neteller is extremely popular.
Neteller works just fine. Banks will likely accept the check because casinos do not print letterheads on checks. The winnings come in the form of a generic money check.
No and no. The checks are not labeled and do not come with a casino or sportsbook letterhead; they come from generic accounts typically located in Canada. Also, paying taxes on your winnings is entirely your responsibility. Players are on the honor system, so it is urged that you report winnings, but neither the bank or the online casino will ever report such winnings to the IRS.
Big-name online casinos are examined and audited on a regular basis. If you’re trying to choose an online casino, make sure you look into its auditing and testing history to make sure it has been properly regulated by trusted firms like eCOGRA. Also, licensing from a reputable gambling authority also guarantees fairness.
The payout percentage is the ratio of the money a player wagers vs the money they win. So if a casino has a payout percentage of 98%, it means that if a player wagers $1 million, he will win $998,000 and the casino will keep the remaining $2,000. Of course, when players recirculate the same money, the edge of the house will grind down the bankroll; in the end, players will retain a lot less than 98% of the money wagered. The best way to calculate your payout percentage is to separate the money you bet vs the money you win.
It means that you are required to wager 40 x the deposit and bonus amount before you are able to withdraw any winnings
Casinos are clever enough to know if they did not have betting requirements, players would just take advantage and simply make a deposit, play a few hands and withdraw their deposit and the bonus, which would bankrupt the casino in no time.
Bonuses are the best way to attract new players and retain existing players. But casinos do apply wagering requirements to the bonuses, so before players can withdraw their bonus, they will have to play it through numerous times and at the same time using their real credit. This way, they get players to make a deposit and wager it all multiple times.
They do this because some players try to trick the casinos by placing money on opposite bets at these types of games to meet the wagering requirements. For example, players can bet 100 credits on Red and 100 on Black at the roulette table: if black wins, they will get 200 and lose 100 and vice versa. They place bets, but they do not lose credits if they lose the bet. It is the same with craps with the “pass line” and “do not pass line” bet. Other casinos will audit the player’s history, and if he met the wagering requirements by betting on opposites, they would not grant him a payout, which seems like the most logical solution to this.
Just like land-based casinos, they do not catch a card counter by how much he wins but by his game play. For example, if you win a lot playing roulette, slots, and blackjack, you will not be accused of card counting. On the other hand, players who claim a bonus and cash out as soon as they finish the wagering requirements will raise some suspicions.
Reload bonuses are there to help players get some free money if they have lost all of their winnings, although it is not a direct or official requirement. It might raise some red flags if you withdraw and make another deposit at the same time to take advantage of the reload bonus. It is better to withdraw and leave some time before you make a deposit and claim the bonus.
While many casinos offer a free bonus without obligating players to make a deposit, most require players to make a deposit and meet wagering requirements to withdraw.
Most casinos shuffle after each hand while some of them shuffle after a certain point.
It is nearly impossible because the deck is shuffled after each hand, which kills the chances of card counting.
Sadly, yes. Casinos are not regulated in regards to how they pay and can take as much time as they need to audit your winnings before you can cash them out, especially if it is a big win.
It depends on the casino itself, as some casinos will obligate you to withdraw in increments while other casinos let you withdraw the entire jackpot at once.
Some casinos might apply fees when you are asking for a check or a bank transfer, but it depends on the casino itself. Always read the terms and conditions before engaging in any online casinos.
Trying to comply with the terms and conditions can be like walking through a minefield. Before making the decision to claim any bonus, make sure to read the Terms of Service page and also make sure you understand it completely, so you know what you are getting into. You can also contact customer support through live chat, if it exists, to get more information about the terms or to clarify any questions.
It is a matter of preference, but the downloadable version is often better because it offers an experience that is far more enjoyable, with better sound quality to go along with the massive gaming selection. On the other hand, the flash version, despite offering a smaller selection of games, does provide players with the convenience of playing immediately through their Web browsers without having to download any software. It is clear some people prefer the Flash or the Java-based version while others prefer the downloadable casino.
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