As the world of online casino sites booms, enthusiasts from across the globe are heading online to enjoy their favourite casino games.
Whether your game is poker, blackjack, roulette or another offering, online casinos are sure to provide you a place to enjoy games and perhaps even to win some serious cash.
Yet there has been increasing concern of late about the issue of some online casinos refusing to pay. A worrying concept for players, it has to be said that there have been cases in the past of online casino sites stopping players from collecting winnings.
In this article, we will take a peek at whether or not online casinos can refuse to pay. We will consider the legal side of things before discovering why the practice remains, thankfully, a rare one.
So, without further ado, let’s take a peek at whether online casinos can refuse to pay and bust this myth for good!
How do online casinos make money?
In the end, an online casino site – any casino for that matter – is somewhere that looks to turn a profit from players losing money on a game they choose to play. Whether it is poker or blackjack or any other type of game, casinos rely on people losing more often than they win if they are going to make money.
Why would an online casino refuse to pay?
This means that, if a player is experiencing a good run, a casino site could refuse to pay them after a while. Though it sounds wild – or even illegal – the terms and conditions of most casino sites explicitly state that casinos are allowed to plan players as they see fit. Indeed, you can visit this page to learn more about this practice, which often comes as a shock to many players.
A casino is, at the end of the day, a business, with plenty of them huge companies in which enormous amounts of money are invested. If shareholders feel that their interests are being threatened by too many big wins or even a single huge win from one player, then they are more likely to seek to stop this, by whatever means they can.
Yet most casino sites choose not to ban those who are enjoying a lucky patch. Why? Well, think about it for a moment. The basic idea of betting or casino gaming is that the bookie always wins in the end. This means that, even if you win a lot during a purple patch, odds are that the site will win this back from you long term.
When all is said and done, it can be stated that, although online casinos are allowed legally to stop players from enjoying casino games – or accessing their funds – if they so choose, the odds of them doing so are actually very small. This is because sites know that, even if they lose out in the short term, they are almost guaranteed to win it back over time – and then some!