Sunday, 28 February 2021

How Much Do Casino Owners Make?


The profit of online casinos is confidential and none of the gambling institutions will disclose the information regarding their earnings. 

Therefore to know how much casino owners make, it is important to understand how these casinos make this money. Here are the main ways casinos use to earn profits. 

People Losing Money 

Most casinos usually offer free bets for new users. They will ask you to deposit a certain amount of money to claim your free bet. After this, you can deposit additional cash whenever you require. 

New Games Are Introduced for Free 

Often, casinos will introduce new games to existing members and they’ll let them play for free within a given time. To make it even worse, casinos will offer bonuses to entice players to come back. And as players get hooked and they’ll start spending money after the bonuses have been withdrawn. 

Gambling Addiction 

Online casinos normally send out notifications to players informing them about someone who has won a jackpot. Although not many gamblers are going to fall for this trick, there will be quite a few gamblers who are addicted to gambling to start playing just to see if they can also win the same jackpot. 

Commissions 

Casinos make money in form of commissions collected from games such as poker. Some casinos normally take a percentage of the stakes while others charge a certain fixed fee before the players can start a round of poker games. 

House Edge 

The house edge is a technique used by casinos to earn a profit. A small percentage of money is deducted from players every time they play a game. Games such as roulette and slots contribute a bigger percentage to these profits. This formula normally gives the casino the statistical advantage. Whether a player wins or loses a bet, a casino will always win a small percentage of the player’s money. 

Conclusion 

If you wanted to know how much casino owners make from online casinos, then the information provided on this page should be able to answer your question. 

You should also note that casino owners also incur expenses on operating their business. So their net profit is obtained after the deduction of expenses such as licensing, marketing and affiliates, salaries, and many more.

Sunday, 21 February 2021

Is It Legal to Bet on Presidential Elections in the US?


The 2020 presidential election in the US has been one of the most contested elections in the history of America. More than 1000 aspirants were vying for the presidential seat. 

In the just-concluded general elections, the former president Donald Trump has just lost to his opponent, Joe Biden. Now, back to our question, do you think it is legal to bet on presidential elections in the US? 

Yes is our simple answer here. As we speak now, thousands of punters are smiling all their way to the bank after betting on Joe Biden to win. 

One British participant just placed a stake of about $1 million on a victory for Joe Biden. According to Pete Watt – the public relations manager of Oddschecker, the Betfair Exchange had a whopping $634 million worth of wagers in this year’s election. 

The US has a long history of betting on presidential elections. Let’s address some of the things you need to know about betting on presidential elections in the US 

US Gambling and Betting Laws 

Today, many states have legalized online gambling including presidential betting and political betting in general. For example, West Virginia was the first state to legalize betting on political races. However, it made a quick U-turn on the decision, because it was breaking the 1868 state law. 

Since betting on the presidential election isn’t regulated at the state level, several gambling institutions such as sportsbooks have been allowing US bettor to wagers on presidential races. However, these gambling sites are legal and regulated from the locations where they are based, no laws are there to criminalize their operations. 

Presidential Election Betting in Vegas 

While it’s legal to place real money wagers on all sorts of sporting events in Las Vegas sportsbooks. However, you won’t find any sportsbooks in Vegas offering wagers on the presidential election since it is explicitly forbidden. 

Can You Gamble on Other Political Elections Legally? 

Apart from letting gamers bet on presidential elections, many bookmakers and gambling sites in the United States also offer different betting markets related to other political events. You can wager on political events from different regions such as Europe, Australia, Canada, and so on. 

Conclusion

We are hopeful that the explanations given on this page have addressed all your concerns regarding whether it is legal to bet on the US presidential elections.

Sunday, 14 February 2021

How to Avoid Major Casino Mistakes


While playing casino games can exciting, fun, relaxing as well as a rewarding experience. However, this can sometimes happen oppositely. 

There are several obstacles and challenges that gamblers encounter in their day to day activities at the casinos. Both inexperienced and seasoned gamblers can lose large amounts of money if they don’t take appropriate actions against some petty mistakes at the casinos. 

To help you be on the safer side, we are going to discuss some of the 5 common mistakes most players make when gambling online or off-site and how to avoid them. 

Mistake #1: Not Knowing When to Quit Chasing Loses 

In most cases, you will be tempted to reclaim back your money after losing several bets. You will cheat yourself that placing another bet will give you luck. My friend, it better you call it a quit before your bankroll runs dry. 

Mistake #2: Not Having a Budget 

Every successful gambler must have a bankroll. However, a few people gamble beyond their casino budget and they end up using finances allocated to other activities such as bills. 

For you to have a safe gambling experience over the long term, it is advisable to allocate a certain budget for the month and always stick to it. 

Mistake #3: Choosing the Wrong Casino 

Since the gambling market is saturated with thousands of online casinos. Finding the right one, therefore, becomes a daunting challenge as many sites seem to offer the same games and services. If you’re not careful, you may end up losing your money on blacklisted or rogue casinos. 

To avoid this mistake, you should read some of our reviews about different casinos. 

Mistake #4: Giving the Wrong Details on Registration 

Because of the stigma associated with gambling, many players normally provide false information when setting up their casino accounts. Some even use VPNs to register gambling accounts abroad. This is a very serious mistake because your winnings and bankroll can be easily be confiscated if you’re caught. 

It is always a good idea to provide the correct details including your mobile numbers and email addresses. 

Mistake #5: Drinking Too Much 

Gambling while you drink is the worst mistake any gambler can ever make. Alcohol dulls your senses and also reduces your decision-making process. 

My advice to any casino gambler is to abstain completely from alcohol while gambling. However, you can take two bottles after you have won as a way of celebration. 

Final Thoughts

If you’re looking to become a profitable gambler, then you should try to avoid any of the mistakes discussed on this page.

Sunday, 7 February 2021

Is Gambling With a VPN Illegal?


VPN is the acronym for Virtual Private Network. It is a way of setting your device so that it appears as if it is located somewhere other than it is. 

People use VPN to access sites that might be geo-blocked in certain locations for instance, such as Facebook, Twitter or Snapchat, tik-talk, and so on. Similarly, you can use a VPN to access a business network whilst you’re abroad or to hide your identity while browsing on a certain website. 

The question of whether it is illegal to gamble using a VPN is a tricky one. There are several countries around the world where the use of VPNs is prohibited. Countries such as North Korea, China, Russia, Oman, and Russia have criminalized VPN gambling. 

Fortunately, you can use a VPN in the United Kingdom and the United States of America. However, VPN usage in the US is subject to monitoring by the FBI and NSA. 

Before you can start using VPN to gamble, you need to evaluate the risks involved with it. Most countries take serious action against VPN violators. You risk an arrest in a country like North Korea if you’re caught illegally gambling with a virtual private network. 

Another thing to worry about using a VPN to gamble is the risk of gambling sites confiscating your winnings and bankroll if you’re found violating their T&Cs. 

Is It Worth Gambling with a VPN? 

Despite there being some challenges with VPN gambling, there are a few benefits you can enjoy. The best thing about gambling using VPN is that enjoy the world’s best gambling sites regardless of where you’re located. 

You can also get to enjoy a securer connection through VPN services. Most countries also don’t bother themselves with this matter and therefore, the risk of you being arrested is minimal. 

When it comes to gambling, the final question you need to ask is what you should be looking for in a VPN provider. Here are the things you should consider about VPN providers: 

  • The reputation of their VPN providers 
  • Do they log on which sites you visit? 
  • Their Protocols 
  • What payment methods do they allow?
  • Are the VPN provider legitimate or are they registered in a country that forces companies to share your data? 
Conclusion: 

Although you may get lucky and never get caught when gambling with a VPN, my advice is very simple, stick to casinos that are legal in your country to avoid legal repercussions.