If you are reading this it means you’ve been looking for the risks of playing at online casino sites. There are definitely risks involved, especially if you live in the United States of America. Let me explain why. The risk you must take is not concerning you directly. You are free to choose how to spend your money and if you like to gamble, that is your choice. The risk comes when you use the “e-wallet” methods available for you to deposit to an online casino site and to transfer winnings back to your bank from the “e-wallet”.
The problem is not really with the online casino itself either. They will pay you when you win. The issue is that there is a law right now in federal USA that prohibits any financial institution to process money transactions between casinos, poker and sport sites and US citizens. This law has made it hard for US players to find ways to play freely at gaming sites. Credit card was an early option that was removed. A company like MasterCard became very strict and prohibited its customers (banks and people) to use their services for gaming purposes. Visa is on a similar track and they’ve made it very difficult for players to deposit. Without credit card players had to resort to these alternative methods or e-wallets.
The danger with e-wallets is that they are often shut down by US authorities. When this happens, the Feds seize all funds, regardless if they belong to US citizens or offshore gaming sites. As a player you may have thousands of dollars inside your e-wallet and you won’t see a dime if the company you have chosen goes down. We have seen this happen 2 times within the last 6 months. First eWalletxpress went down and now eCheckUS. This has cost a lot of money to players that had the tendency to keep money inside their e-wallet accounts.
That then is the risk of gambling online if you are US player. Other than that, you are free to experience the thrill of gaming.
This article will not go too in depth on how to make your own online casino. It will give you the basics so you can understand what it takes. From then on, you must begin contacting some companies that will help you create your gaming company.
Firsts things first. You must understand how an online casino operates. The casino operator (you) will need to lease a software created by a licensed company with permits to offer casino games to the world or a particular region of the world. This licensed company will provide you with all the necessary tools for you to create an online casino. You will get the technical backend from which you’ll run the casino. It will provide you with all the casino games and software that can be downloaded from a site. They will even provide you with a site in most cases.
What will this cost you? You will pay anywhere from $50,000 up to $300,000 as a down payment to start up the operation with them. The bigger the casino software company, the more expensive. That is just the start of it. You will then have to pay a royalty fee to the mother software company. You will pay a percentage of what you make. This can range from 10% to 30% and will be based in varying ways on the gross form of your revenue. But you don’t have to worry about that yet, because you pay that as you go along. What you need is a budget for marketing as this will be costly. It is a competitive business and you want to get your name out there as forcefully as possible.
Marketing is done in several ways. You can pay sites to promote your site but this is quite expensive as you’ll pay upfront without any guarantees of the traffic you receive. The best way is to recruit affiliates that will advertise your site in exchange of a commission of the losses for the players they bring to your site. There are many ways to recruit affiliates by visiting affiliate forum sites.
You have now only to investigate what casino software producers are out there and which one is within your budget and fits with your business plans. Remember that some software companies offer their services only to certain parts of the world.
This year we will see the world of online gambling changing dramatically. The laws that govern online betting in poker, casino, lottery, sportbooks and the like are changing in countries like France, Italy, Denmark, Germany and possibly United States. The hardest one without a doubt is the United States as they currently have a law that forbids online gaming transactions within the USA. However, there is a strong movement in US politics to regulate and legalize online betting soon, especially within individual states. States like New Jersey and Iowa are pushing to make this a reality as they could certainly use the extra revenue that would come in from tax.
France saw the introduction of new strict laws for most online forms of gambling. The state has nationalized the industry and now controls a licensee that they may grant to companies if they want to provide their services within France. French players have now a limited amount of choices when it comes to picking their poker or casino site.
Italy is on the same track but they go even further. They changed laws and are enforcing it strictly. Now they will even block a particular site from displaying on any computer in Italy. Only those that have a license will be able to operate in Italy.
Denmark has been a leader in setting the terms for online gambling within the EU. Their research and expertise will be invaluable when it comes to a pan-Europe legislation regarding online gambling. At this time it is uncertain whether what Italy and France have done is legal from the perspective of the European community. Germany is on the same track as France and Italy but there is still some opposition so progress has been slow to regulate online betting sites.
All this recent activity proves that 2011 is one of the most happening years for gambling online. The outcome of these deliberations will affect millions of players that play online every day.
The new player in online betting games is Sheriff Gaming. Creating ‘new generation games’, they specialize in 3D animations for slot machines. They have been releasing their games in several online casino platforms such as Rival Gaming. There are a few games live now at these sites, all performing in instant play mode (no-download required) and in download version. Games released so far include: French Cuisine, Dr. Magoo’s Adventure, Crazy Jewelry, Dog Casher, The Fortune of the Pharaohs, Beretta’s Vendetta and The McMurphys. All these 3D slots have an impressive trailer in highly defined 3D graphics. They come very close to the work we’ve seen in movies such as Toy Story and Shrek.
Soon Sheriff gaming will be releasing table games as well. The first ones to come out will be online Roulette and Blackjack tables. There is also a fun Caribbean Poker table coming in the upcoming weeks.
So far Sheriff Gaming has left a good impression. Their games are professionally made, entertaining and rewarding. Many players have been able to enjoy these games and reap significant winnings at online casinos such as Superior Casino.
The latest addition to these new 3D slots are the progressive jackpots added to games such as Dr. Magoo’s Adventures and Crazy Jewelry. Now after every spin within a casino platform the jackpot will increase until a lucky winner gets the total jackpot by getting 5 jackpot icons in one spin. To win the jackpot players must spin the slots in a certain denomination. All other denominations will not count towards the progressive jackpot. The jackpot will lit up when you are playing with the right denomination. The denomination will change depending on which casino platform you are playing at.
Sheriff Gaming is a promising new player in the online gambling industry. We expect very innovative games from them in the near future.
3D slot machines have become the root of all excitement these days when it comes to online casino games. They have exploited the new 3D technology that is spreading thru all mediums (TV, Movies, Computer Gaming and now Casino Gaming). The new 3D slot is called Beretta’s Vendetta. We will review the theme of the slot in this article.
Beretta’s Vendetta is about the life of a cop but just not any cop. This cop saw, in the early days of his career, his partner blown to death inside their police car. He was out getting coffees and witnesses the dramatic event from afar. The responsible criminal was dressed in a bunny suit. Ever since then Beretta has been after this unscrupulous murderer but this trail has been difficult to track. Many years since that incident the now veteran Beretta keeps looking for this ominous criminal. It’s no longer business, it’s personal now. Will Beretta be able to finally track down his nemesis? Will he find that essential clue that will lead to the notorious bunny? With your help you may finally behind bars the unruly criminal.
Set in 3D style this slot has everything players look for. It has several bonus features that keep playing for longer hours and with better chances of winning. The game is available in a number of casinos that operate with the Rival-Gaming platform. This 3D slot can be played in no-download form or via direct download.
This is the 2nd 3D slot to be released this week by the Rival Gaming casino network. The first was Fortunes of the Pharaohs, a 3D adventure through the relics of ancient Egypt. Both these games have met our expectations and we highly recommend them to casino slot lovers. They can be played these days with very big casino bonuses.
Have you ever wondered how free chips work with online casinos, especially when they advertise an amount of free credit to be played for a limited period of time? Some casinos offer you an incredible amount of credit, over $500 to play for half an hour or up to an hour. But is this for real, what’s the catch?
Yes, of course, there is a catch. The catch is that they want you to deposit but that is not in itself a bad catch. The deposit will come later if you happen to win with the free credit. What casinos do is allow you to play their games in real money mode to try them out. You get a big enough balance to try a lot of games and try out the odds of the games. If you happen to win you will be allowed to keep some of the winnings. Normally the initial amount of the credit will be deducted but what you win above that is yours to keep (often this is capped to a certain max amount). Then, that money is yours to keep as long as you make a deposit. Before you can cash out this money you must risk your deposit and winnings a certain number of times on the games, also known as wagering requirements. Simply sum the deposit plus the won amount and multiply it by the number of times it must be risked.
Once you fulfill that amount of wagers, whatever is left in your account can be withdrawn. Free Spins or free credit at the casino is enticing but it requires some patience to actually see any of the money you win. You must go through this process in order to claim your winnings and to have them in your pocket.
Many players come to a point in their lives when they have to ask: am I gambling too much? Now with the liberty of gambling from any computer at any time of the day, players need to keep control of their gaming habits to make sure they don’t go overboard. So, what exactly is gambling too much?
The question is obviously hard to answer right off the bat, simply because people make different amounts of money. Playing and losing $1000 a month is nothing when you earn $15,000 monthly. The question however has to be answered in a percentage and not in an amount. What percentage of your pay-check should or can be going to the fun of gambling? Certainly, the amount selected is not to be considered lost, as there is always that chance of winnings. The question has to be reframed as, how much money can I risk from my pay-check every month?
To answer this all you have to do is make a budget sheet. Look at your fix expenses such as housing, food, gas, car expenses, bills and so forth. Take all that out as this is the essential to your survival. Then, if there is still some left-over, then try to put at least 50% of that into savings. That’s a habit few people practice but it is very rewarding in the long run. So the other 50% you have left after you’ve paid all your bills can go to “leisure” spending, which means you can use it for shopping or in this case for online gambling.
If you find yourself spending more than you can afford, that’s a quick way to find out that you are gambling too much. Make sure your bills are paid and some is left for a little savings and then the rest can be risked at gambling. That’s the only smart way to gambling online without falling into the trap of a compulsive and detrimental habit.
Online casinos have been around for over a decade now. After all this time governments around the world are finally debating what to do about this enormous industry. For years casino operators around the world have been reaping billions in revenue without any special taxation. Now governments have finally awakened and realized that there is a lot of money to be made by taxing, regulating and licensing online casinos.
The situation in Europe is moving fast. France has passed laws allowing only operators with a French gaming license to operate within that country. Italy is closing in on a new legislation on this matter too. Germany is expecting to have a set of legislation before 2012. The European Union as a whole will be reviewing a proposal given by Denmark on how to regulate and tax online betting sites operating within the EU, especially now that many are licensed and operate from Malta.
The United States has been a latecomer when dealing with online betting sites. Rather the regulating this industry in 2006, under Bush’s administration, the UIGEA was passed that made financial transaction for online betting illegal. There is currently a movement in favor of revoking this law and setting up a model for a new regulated gambling industry in the US. It remains difficult, however, as many Republicans are still against the idea of legitimizing online gambling. Years may pass before any favorable law to gambling will be put in place.
The world is changing with the internet and it has to adapt to the new industries that arise with internet. It seems only natural to assume that online gambling will be allowed as a source of responsible entertainment for citizens around the world.
The future is amongst us. We are beginning to see the first seeds of what’s to come. The online gambling industry is promising and might turn out to be one of the biggest sources of entertainment on the internet. With such potential, the experience of playing online should be as best as possible. Online casino providers are doing just that. They are reinvesting much of their revenue into creating a completely new gaming environment.
The future is 3D, tri-dimensional experience. We are seeing it with movies, TV, non-casino games and the like. With the capabilities we have now in technology, people will be experiencing virtual realities such as casino games in 3D. That is where things are pointing right now and it is likely that within 10-years’ time we will see most online casino providing a whole in 3D, much like the Sims. The games would take up the entire screen and perform astounding animations that literally feel they are coming out of the screen.
At the moment only a few casinos are exploring this possibility, but those that are, are seeing the benefit. Online 3D slots have become a phenomenon and they are being released more often than ever now. Online casinos now offer these as their prominent casino game, since they have discovered that players tend to spin 3D reels more than any other.
At one point it was thought that the I-slots or interactive online slots, were the future. They had their moment and became quite popular. They added to slots the element of skill that always lacked. The skill-based bonus rounds attracted players that wanted to feel that their luck depended on more than just chance alone. However, now that 3D games have come along, we are likely to see them take over this concept so that we can one day see 3D interactive slots.
The future is slowly creeping into the present and we are witness of great changes.
Have you ever wondered if there is a secret to beat online casinos? Well, in fact, there are a couple of facts you should know about. These are secrets in a way but not as effective as any technique you would use when you play table games or skilled casino games such as Blackjack, Roulette, Baccarat, Craps and so on. These secrets give you insights into how casinos work. You may use this information but it may not be very helpful at all times.
The first piece of revelation is: online casinos don’t make a lot of profit. Well, yes they do technically but in reality it is low when you compare it to the wagers that take place at the casino. An online casino actually only makes about 2-3% of the total wagers that take place. If in any given day there are $10,000 in wagers, the casino is making $200-$300 only. The secrets lies in that they count on players playing for long hours and continuously, therefore the more wagers come in the more profit they make. The profit is the outcome of the payout rates inherent in the games. A slot machine, for example, commonly pays out 95% of its wagers. The casino makes only 5% on that. The secret then is to stop playing when you hit big. The more you play after that the higher chances there are that you will lose.
Promotions are deeply connected with this. Promotions are artificial, virtual money. Casinos don’t make profit out of them, in fact they lose big time. The games take in bets both from real cash and artificial promotions. They do not distinguish them. So when casinos get back their 4-5% from the games, half of that is promotion money that does not count as real profit. That’s why above we mentioned they make only 2-3% on the wagers, when you take away promotional money. The secret then is to find online casinos that have just sent massive promotions as this disrupts their payout percentages and often players can reap big profits then.
These are two facts or secrets you should be well aware of when you play at online casinos.
