SEC charges five people with promoting BitConnect, which it alleges was an unregistered digital securities offering that raised $2B+ from retail investors — The Securities and Exchange Commission (SEC) has filed a civil lawsuit against five people accused of promoting BitConnect, a now-defunct crypto Ponzi scheme.
Source: Technology – Techmeme
8 Online Casino Myths Debunked
Online casinos are all the rage today. While the phenomenon began in the 90s, it was only recently, in the late 2010s, that the practice caught on. Today, people are increasingly signing up for online bookies and gambling websites. And yet, some are still apprehensive. Ever since the earliest stages of iGaming, myths have plagued the industry. Naturally, this has deterred people from giving it a go. So, in this article, we would like to look at a few of the most prevailing myths regarding online casinos and explain why they may or may not be true.
Myth #1: iGaming is Illegal
The first myth we are looking at deals with the legality of gambling online. Quite a lot of people believe that online casinos are illegal. And granted, quite a few countries worldwide make it illegal to run and play at an online gambling website. However, most people in Europe and North America should have no problems betting and gambling online. At least from a legal point of view. In most USA states, you will have no problem gambling online. The only exceptions are Utah and Hawaii.
Myth #2: Online Casinos Can’t Be Trusted
We can certainly understand the origins of this one. When iGaming was a relatively new phenomenon, most people needed to understand how it worked. So, they would play with unlicensed, unregulated websites and come out thinking the whole industry is a scam. Today, however, iGaming has changed significantly. You can find many trusted online casinos, all of which a top license has legitimized. When looking to gamble/bet on the internet, ensure that the website you do business with has a license by a trustworthy commission.
Myth #3: Online Casino Games Are Rigged
The simple truth here is that all casino games are “rigged” to an extent. Gambling establishments, whether online or land-based, are businesses designed to make a profit. So, new gamblers often hear phrases like “return to player” or “house edge” and will get the wrong impression. The simple truth is that all casino games are “rigged,” so the dealer has the edge. However, this doesn’t mean that players can’t win. Quite a few professional gamblers make their money solely from playing online and overcoming the casino edge.
Myth #4: Games Freeze
The prevailing myth dictates that software developers created the games, so they would freeze if the player won too much money. This one is simply untrue. It might have happened to a couple of players who were running the games on older devices. However, most of the time, games will not freeze. If this happens to you, contact the website tech support and tell them your problem. Alternatively, check out better devices that will lessen your chances of freezing.
Myth #5: Online Casinos Don’t Pay
We said it before, and we will repeat it. Not all online casinos are reputable. So, yes, it might have happened that some gamblers have yet to get paid online. However, if you locate a trustworthy and licensed gambling website, this will not be a problem. As we said before, there are a ton of professional gamblers who make a living solely from online gambling.
Myth #6: Gambling Online is More Addictive
We can understand how one might come to this conclusion. Online gambling is available 24/7 and is no further than the closest electronic device. However, many reputable online gambling websites monitor players’ activity. And if they conclude that a player is gambling too much, they can, and often do, temporarily prevent that player from placing new wagers. On top of that, most of their websites link to gambling safety tips and ways to deal with gambling addiction. In that sense, online gambling might be safer than land-based.
Myth #7: Websites Promote Underage Gambling
This one is blatantly untrue. As with any casino, online establishments demand identification before allowing players to put down a single deposit. Furthermore, most cases, credit cards are the most popular payment method. Not only that, but online casinos require a ton of documentation before they authenticate your profile. Documentation that most minors would not have access to. In other words, it might be more difficult for minors to play online than to sneak into land-based establishments.
Myth #8: Online Casinos Aren’t Safe
Finally, we get to the big one. Most people are under the misapprehension that online gambling isn’t safe. And to an extent, we can sympathize. Cybercrime is on the rise, and many are scared. However, there are specific steps that you can take to ensure your security online. First of all, locating a licensed casino is a given. But it doesn’t stop there. Creating a strong password, using VPNs, and finding websites that don’t require your SSN are all imperative when gambling online.
Hopefully, with these 8 myths cleared up, you are now a little more knowledgeable about online gambling. So, if any of your fears have been assuaged, feel free to try your hand at any gambling games played online.
What to expect when playing progressive slots in the United Arab Emirates
Progressive jackpot slots are amongst the top most popular online casino games in UAE; the simple reason is that you could “win millions without spending a fortune.” Even though gambling is prohibited in the United Arab Emirates, there are UAE progressive jackpots online that Emirati players can enjoy. To learn more about progressive slots in the United Arab Emirates, keep reading this article.
UAE Progressive Jackpots Online
The ways in which progressive jackpots can be won vary from game to game; every time a player “spins,” a small percentage of his or her stake goes into the jackpot pool and keeps growing until a lucky winner grabs the spoils. The fact that a lucky winner can win millions with few spins is what endears the game to so many players. While you can find both fixed and progressive jackpots online, some of the popular games in Dubai include the Mega Moolah and Divine Fortune. Below are some of the top UAE progressive Jackpot Online.
- The Temple Tumble 2 Dream Drop: If you are looking to win big, then this is one of the best games to play. The game offers free spins as one of its best features. The Temple Tumble 2 Dream Drop was developed by Relax gaming, and the game has six reels and a total of three rows.
- Mega Moolah Micro Gaming: The Mega Moolah is one of the most-played online progressive Jackpots in the United Arab Emirates and the world at large. A lot of players have emerged as lucky millionaires, all thanks to the Mega Moolah. In the year 2018, an anonymous player won the sum of €18,915,872.81 from a tiny stake of €0.75 placed online via the Mega Moolah on an android device. To date, the record still stands as the most massive online slot win.
The Mega Moolah features a 5X3 grid, 4 jackpots, and 25 pay lines, and it is very simple and easy to play.
- The Arabian Night: The Arabian Night is one of the most popular progressive jackpot slots, and it requires a minimum bet of €5 per spin. The site is very popular among Emirati players in the UAE. The game has a setup of 5 reels, 3 rows, and 10 pay lines. The biggest jackpot won on The Arabian Night was a whooping sum of €4.8 million in 2010.
- Bonanza Megapays: You cannot mention top progressive jackpots online in Abu Dhabi or the entire UAE without including the Bonanza Megapays in the list. “The game is played on a six reel, 117,649 ways to win format, and it features an RTP of 96.40%”. The Bonanza Megapays is accessible to Emirati players via the internet; it also offers up to 12 free spin rounds for lucky players.
- Temple of Wealth: Just as the name suggests, the temple of wealth is a progressive online jackpot with a winning jackpot that starts from $500,000 and a minimum stake of $ 0.50. It is famous all around the UAE, from Ajman to Dubai and other parts of the country.
Some of the tips you should consider while playing UAE progressive Jackpots online include;
- Stick to a budget: Decide on how much you intend to stake and stick to your budget, do not risk all your money.
- Bet enough to hit the Jackpot: Make sure that you bet the minimum amount that qualifies you to be eligible.
- Research: Ensure that you do your research before you play any of the progressive jackpots online. Find out the available games and how to play them before you stake your money; also, keep in mind all the risk factors involved.
This article was written for lovers of progressive jackpots in the UAE and new players hoping to win big prizes via progressive online jackpots. This article has also provided a few tips on how to go about playing UAE Progressive jackpots online. Emirati players in the UAE should endeavor to always use virtual private networks (VPN) while visiting these online casinos, the reason being that gambling is prohibited in the United Arab Emirates, and it is punishable according to Law.
If this article inspired you enough, we advise you to expand your knowledge about progressive slots with the help of the blog at the link.
What are slot games?
In the gambling industry, slot games remain one of the popular options, hence why most online gambling platforms such as Winbox offer a wide variety of slot games. Without a question, it’s also one of the most profitable games in casinos. If you’re not sure what are slot games and curious to know more, read on to find out:
What are slot games?
Slot games are basically a gambling game that comes with spinning reels. The reels have various different symbols where the player has to place a bet and spin the reel before it randomly displays the symbols in a line.
During the olden days, slot games were made out of gears and spring but modern times only make use of a computer generator. It runs based on a computer program that produces a random number generator which goes through several thousands of numbers every second. The program will stop after some time after the player presses the button to spin the reel.
Types of online slot games
1. Classic Slots
These slots are single-slot games that are fast-paced. If you’re a beginner, this would be ideal as it is easy to play and learn. To win, the players have to land three similar symbols.
2. Progressive Slots
As the name suggests, your wins will keep increasing upon every bet placed. This is because a certain percentage of the player’s wager will be contributed into the jackpot pool. Hence, the jackpot consists of all the players that are playing at the moment. To win the jackpot, you’ll have to either win through a combination of symbols, randomly, or a bonus game.
3. Video Slots (Five-reel Slots)
Most online gambling websites have the five-reel slot. These days, you can find slot games that use the five-reel slot. They usually have attractive visual and audio as well as fun object bonuses and free games.
4. Branded Slots
The most recent slot game would be branded slots. These are designed based on celebrities, movies, popular games or musical artists. The companies who develop branded slot games are mainly Playtech, Microgaming and NetEnt.
How to play slot games well
Here are some simple tips you can follow to increase your chances at winning when playing slot games:
1. Master one type of slot machine
Since you already know there are different types of slot games, it’s best to master one type first and learn how to win. That way, you can plan your strategy well without overcomplicating your focus.
2. Get to know the pay table
Every slot machine has its own pay table. You’ll be able to know the value of each of the symbols. Then, you’ll be able to target the symbols which have high value.
3. Make use of bonuses
Online casinos usually have a bunch of bonuses. For instance, there are no deposit bonuses where you’ll receive it upon registering or reload bonuses where you’ll receive extra upon topping up your credit.
You can read the terms and conditions to find out what are the bonuses available on the respective online casino website.
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