No Cheating at Online Casinos | IXGAMES
60 Minutes yesterday revealed a large scale cheating scandal that saw more than twenty million dollars unfairly taken from poker players by other poker players. You can watch the whole “60 Minutes” piece HERE The story never goes much into the world of online poker beyond Absolute Poker/Ultimate Bet and the one scandal. 
When it comes to playing at online casinos, it’s important for you to know that Online casinos are set to the same standards as Las Vegas and Atlantic City casinos as far as their mechanical games are concerned. Las Vegas slot machines are set to payout an average of 83-88 percent of the time, while online casinos have much higher standards. Some online casinos even set their slot machine payout percentages to as high as 97%. What this means is that for every dollar spent a slot machine will pay back 97 cents. In Las Vegas, for every dollar spent a machine will pay back 83 cents. The reason for this is because online casinos have no other form of entertainment to keep their players coming back. Therefore, they let players win more often, hoping this form of excitement will replace the excitement generated by live shows, restaurants, and socializing. This is not something the online poker world has to its advantage. The house also benefits the more a person plays, but they only can hope that players win against other players so that they come back to play more. With cheaters now dominating the industry, or at least scaring the majority of the industry, poker players are less likely to come back for more. After all, who wants to come back to a game where they always lose? The online casino industry, which offers slots, craps, blackjack, video poker, and other online casino games, does not have to fear the same type of situation.