Things to Be Weary of When Gambling Online

If you decide to gamble online, you’re not alone. However, there are some important things that you’ll want to consider. It’s not the same as gambling ‘in person,’ and it can be very easy to spend more than you had anticipated because it doesn’t seem like you’re actually spending any real money. That’s not the only problem, though. The biggest problem is that there are so many rules and regulations that come with playing these types of games. When you sign up with an online casino you have to read all of the fine print, and that can be difficult, time consuming, and downright boring. Don’t let those things stop you, though. The information that you’ll read is too important to just skip over. It’s your money that you’ll be playing with, and you don’t want to lose it. Of course you can’t win every time, but rules and regulations that aren’t followed and understood can cause you to lose more than you otherwise would have, or not win as much because you didn’t understand the percentages and any fees that come with the online casino.

In addition to paying attention to the rules, make sure that you set yourself a budget and stick to it. When that money is gone, your gambling is done, for however long that budget was good for. For example, if you set a budget for how much you’re allowed to gamble in a month and you lose that money the first week, you can’t gamble with any more money until the following month. If you don’t set and keep a budget you could find yourself hundreds or even thousands of dollars in debt before you know it. You’ll be left with a potential gambling problem and a lot of debt to pay back, and this can cause problems with your family and friends, too.

If you take the time to play responsibly you can have fun gambling and playing online bingo, maybe win a little bit of money, and not get yourself into financial problems that you could have easily avoided. You also need to be careful that online gambling doesn’t start to take up too much of your time. This is especially true if you have family who need your attention and support, or if the gambling starts to affect things like your employment. People can easily become addicted to gambling, and that’s something that you’ll want to avoid.

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The Real Secret to Profitable Gambling

There is one thing and one thing only that will take any gambler from constantly losing to any hope of making a profit. It’s not lady luck; it’s not any magic trick, and it’s not a mystical ritual.

Gambling has been around in various forms for hundreds of years and is an enormous source of revenue for a multitude of casinos, government agencies, bars, clubs and other organizations. The reason that these organizations make such a lucrative income is not so much the huge numbers of people gambling as it is the high percentage of these people who fail to learn the one secret they need to know to have any chance of making a profit at all.

The usual gambling approach goes something like this: You go to the race track and overhear a stranger telling a friend that a particular horse is ready to win so you put ten bucks on it. Result – the horse loses. Or you go to the casino and put fifty bucks into a slot machine because you believe it is your “lucky” machine. Result – you walk out fifty bucks lighter if you’re lucky. In most cases you’ll have blown even more because you have the extra cost of drinks, and you may have been so caught-up in your attempts to win that you actually put more like sixty or seventy bucks into the slot machine.

So what is the secret that you need to change your gambling situation? The secret is this, “Education”. While ever there are people who make no attempt to educate themselves to a point where they can make informed choices then the casinos and bookmakers will always make very lucrative profits from the suckers who walk through their doors day and night.

As an example, let’s say we play heads-or-tails with a coin and I offer to pay you $1.80 per dollar bet every-time you pick the correct outcome. A typical gambler might think that’s pretty good and try to pick more winning picks than they lose in the mistaken belief that they can make a profit. An educated gambler on the other hand would see the truth, which is that the odds of picking any one outcome here is 50/50; so over one hundred spins on average you would win fifty times. The reality is that with a 50/50 game if you outlay one hundred dollars and win fifty of those at $1.80 your total return is $90 or a loss of 10%.

The above situation is not uncommon in many casino games. Slots for instance has a house advantage of up to twenty percent (meaning that the casino always makes up to a twenty percent profit on all money that is put through the slot machine), and yet gamblers continue to throw their money into the slots despite the fact that the longer they play the more they’ll lose.

To improve your overall chances of coming out in-front when gambling start with a few of these tips:

Play games where you either have an edge or the house edge is very low, and
Games where you have some choices over the outcome (for example with slots you have no influence as the machine is programmed).
Learn to spot the games where the house has a large edge and stay away from them.
Never gamble on the basis of a tip, lucky number, favorite color etc.
And finally, never gamble with money you can’t afford to lose.

Note – If your gambling has reached a point where it is an addiction then stop and get help. You will find many sources of help by searching for the term “problem gambling” on the internet.

Successful stock market investors never buy stocks based on a tip or because they like the name of a particular company, otherwise they would go broke very quickly. They learn all they can and make informed decisions when choosing what to invest in. Stop gambling now until you educate yourself enough to make gambling choices that are likely to return a profit, rather than lining the pockets of the casinos.

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Persistent Myths and Negative Views of the History of Gambling in Casinos and Online

The United States people and their government have always had an ambivalent view of gambling, including lotteries, casino games, and betting on sports games. Even today, with gambling being legal in various states and Indian tribal areas, most people view the activity as either illegal or immoral. And the state of the law in regards to betting in any form just makes the situation even more difficult to unravel for the majority of people living in the US.

Throughout the history of the country, the legalization and criminalization of gambling has proceeded in cycles. First, no gambling is legal, but it is impossible to enforce such laws. Reforms are made to allow some types of games, which then leads to more liberalization of the laws and more types of betting becoming legal. Inevitably, corruption comes into the picture on a small scale, then on a large scale, and scandals become the focus of media attention. As a result, the reform is made back to all gambling being illegal.

This cycle has repeated numerous times in American history, and we are currently experiencing a third wave of legalization. This third wave started during the Great Depression as some states went from a complete ban on legal gambling to allowing certain types of betting on horse races and off track betting. Nevada also allowed casino gambling during the 1930s. The cycle picked up steam in the 1960s with the first state-sponsored lottery in New Hampshire and the promotion of legal casinos on Indian tribal lands.

Once the door was open to state lotteries, numerous types of gambling started to become legal and legitimate types of business, if not openly embraced and accepted in general. Governments started to allow different types of casino games and betting in order to generate tax revenue, and even participated in various plans to promote such lotteries and casinos. New Jersey allowed legal casinos in the 1970s, and Indian tribal lands gained the ability to create them during the 1980s.

In the early 1990s, Iowa allowed riverboat gambling, and then several more states allowed legal types of gambling. The point of no return had been reached, leading to the situation today: 48 out of the 50 states in the US allow some form of commercial gambling, and three out of the five territories owned by the government also allow it. The only two holdouts are Utah and Hawaii, and even Hawaii now allows social gaming, although it does not sponsor gambling at the state level.

The only real hurdle left to for the US to jump over is the legalization of offshore online casinos operating in the country. With literally thousands of different online gaming websites out there, most of them based in foreign countries, the worldwide trend is towards legalizing, licensing, and regulating gambling institutions, rather than just banning them or restricting trade. And it is probably only a matter of time before even these companies are legally allowed to operate in the United States of America.

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Five Facts on Online Gambling to Inspire You Totally

Gambling can provide many hours of fun for some people and playing casino games is no exception. Some people thrive on the opportunity to travel to Las Vegas or New Jersey to try their luck. However, with the advancement in technology and the start of online gambling in the 1990s, many people can enjoy the thrill and excitement of casino games, in the comfort of their own home. And to do this one needs to have a computer and internet connection and a little computer know how.

The following are five facts on gambling at online casinos which may inspire you to try.
1. Promotions and Bonuses: There are many online gambling casinos to choose from. Because of the competition, most online casinos offer promotions and bonuses. This is to attract more people to their website to play.

Examples of bonuses on offer could include a free vacation in an exotic location, and with a small bet a prize of a large amount of cash or a car..

2. Free Sign Up: Most online gambling casinos offer free sign up. What you do is to fill in the relevant details to get an active account. Then you put money into this account with your credit card, to an amount that you wish to use on online gambling. I recommend using a debit plus credit card.

3.More variety than the actual average casino: You will find almost every casino game there is on a single online website.

For example:
1. the many varieties of poker such as Stud Poker, Texas Hold ‘Em Poker, Caribbean Stud Poker, Three Card Poker and Video Poker.
2. simple casino games for those who desire, such as slot machines, roulette and black jack.

4. Virtual Rooms: These enable you to try the games without losing money. They you to learn the skill of unknown games and practise any game you want to before the real gambling starts.

5. Safety: Online gambling casinos are just as safe as ordinary casinos. Some people believe they are safer because you do not risk the chance of losing your money to thieves.

Each online gambling website casinos ensures the safety of your money with the use of the best and latest anti hack software installed on their website.

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Tools You Need When Starting Your Own Gambling Website

There is a wealth of information on the internet about gambling and betting. How to start a gambling website, what do people bet on, is a betting exchange better than a sports book or casino website, or do users prefer betting online rather than betting offline? What is lacking in many of these posts is not the information they provide on starting a gambling website, but rather exactly where to start. So Where do you start, you ask? and how do you start? Would you require funding when thinking of starting your own gambling website? Are there legal pitfalls in running an online sports book or casino gambling website?

Asking these questions is only a tip of the iceberg in knowing exactly what you are getting yourself into in running a betting exchange or any of the other gambling websites, but knowing the answers will better your chance or odds in running a successful online gambling site. So where do you start? You can search and search around the world wide web and gather all the information (highly recommended) on starting your own casino, running a proper betting exchange, or on providing a fair online sports book atmosphere to your users, but knowing exactly how to use this information is key in running your outfit.

Before we get into how to use the information you gather properly, you may want to visit some of these places if you have not already done so: gambling forums, casino pages, sports website, news pages on gambling, pages on the “internet gambling regulation act” and how it will affect your online website, laws governing gambling and paying close attention to the dates the country each specific information pertains to and so on.

By now you must be thinking this is a bit to extreme. But ask yourself this: do you know what each gambler want, do you know what will make them use your site over the next Joe website. Simply put you need to know the things that will drive advertisers, sponsors to your site (funding) and most importantly what will drive users to your site. You can have the best house on the block but if not one knows about your house or you, well you get the picture.

If you have visited the suggested headings listed above and read up a bit more on gambling and the laws governing online sports book, casinos, poker rooms and betting exchanges and still wish to continue then read on my friend, you have gotten over the first hurdle. Now that we have you thinking outside the box and have a better understanding on what’s in store for you lets tackle the first and very most important question you would first need answered “Is gambling legal”.

Now this is the most important because if you are thinking of conducting or running a gambling website in a country, city, state, province, town, what ever it may be and its not legal. Like monopoly you will be fined or worst you will go directly to jail. Sorry boys and girls but we need to make one thing clear here being online business doesn’t mean a thing to the government and the authorities. You will need to register a business or acquire a business license (not the same as a gambling license), you will need hosting and you will need a bank account to hold the money generated from your sports book, betting exchange, poker or casino website. So finding out if gambling is legal where will be running your business is extremely important.

To give you a better picture of things 9/10 planning to run a gambling website have had to opt for an offshore operation. Why you ask? Well that obvious of course. In places like Costa Rica there are laws in place for gambling, but there are no law against online gambling neither is there a need for a gambling license (more on gambling license later), but you will again have to do your research, if you are serious about running a sports book or any of the other gambling websites, prepare yourself to gather information. Here is Tip #1 – Speak to a Lawyer (a reputable one if you can) they will shed a LOT of light on your situation and point you in the right direction.

So this brings us to our next question, licensing, and no its not your drivers license. A gambling license is required to run a betting exchange, sports book, casino, poker or any other gambling website most of the time but not always. This is why again you will need to do your research. But you know what they say, when in doubt get one. That was a joke Joe. If you are really unsure speak to that lawyer friend that you spoke to in tip #1 about this and any other documents you may need to complete this process, ask your local gambling or gaming authorities/associations in the jurisdiction where you plan to run your online gambling website for advise. So remember a gambling license is recommended but may not be required. Tip #2 Visit the local gambling authorities.

By now you should have gathered enough information to get you on the right track and keep you out of jail or worst a state prison.

Let us touch on a few more key areas on running your own gambling website. You will need some (the more the better) research and marketing to be done. But haven’t you already gathered enough of your own research? No Joe. That was just information gathering, getting your feet wet, getting to know how the industry thinks. Don’t assume anything. There are rules to every game, and yes there are rules to running an online business and especially a sports book, betting exchange, poker room or casino. Just because you know a little about running a website, the rules and strategies change for each business, and you will definitely need to know about these rules if you are even dreaming of becoming successful in the online gaming and gambling industry. This doesn’t mean visiting all those forums and readings were for nothing, they will definitely help when you are ready to run your advertising and marketing campaign, you will be more than glad that you did.

If you have not already done a business and/or marketing plan this will more than likely lead to the development of one. Getting to know your target market, trends, location, gender, users’ habits, wants and dislikes etc will all help you to become better aware of your strategies and help in your success. So hire a reputable marketing company or speak with a friend or someone in the marketing field that can shed a bit more light on your exact situation and point you in a better direction. You don’t want to find out the hard way that the market you were targeting does not care much for gambling. Tip #3 Get proper research done.

This brings us to our next area of interest “staff or team”. From your information gathering and research you must have realized that ever if you may want to make this a one man show you will need a team or some sort of staff. Now a team does not mean you have to hire on a full time staff. Even big time giants like Microsoft, IBM, Logitech contracts out from time to time. It just means you will need a little more than just yourself in certain areas. Even if you know the gambling world it would be wise to contract some professionals in key areas (even if its for a little while) to show you some hidden places you have not yet covered. You would definitely need a technical someone or a development company that will be able to handle any problems you may encounter, updates you may need for your website, programming you might require, designs you may want to give you that look and feel to set you apart from your competition etc. You will most likely need a bookie, bookmaker, (maybe more than one) who knows about bookmaking to set, update, prepare events, lines and odds on your sports book, casino, betting exchange or poker website. So a team or individual staff is definitely a must, but can be inexpensive if you plan properly and consider contracting. Tip #4 Put together a proper team.

Now we’ve touched a bit on your website, but what sort of website or software will you require. The next on our list will be Software. First ask yourself what sort of gambling website will this be; A full Casino, poker, Betting Exchange, sports book or better yet why not all? This is where your research and information gathering comes into play, review ask questions, speak to your lawyer, and make a solid decision. What are the risk factors, who are my competitors, where do you get my line feeds from? Those are all questions that should have been included in your research and answered by now.

After that is settled it is now time to choose a development company that specializes in online gaming (more specific online gambling). Most if not all would already have products readily available that have been tested and will usually do modifications to fit your needs, it is usually more cost effective than having a website developed and put together from beginning to end. Software can range in prices, expect to pay between EUR 10,000 EUR to EUR 60,000 EUR. Some places of interest may be: Playtech (Rated for their Casino software), E-Prompt C’s BetMore – BetMore Software (Rated for its betting exchange & sports book software), Microgaming (Rated for their poker software). Tip #5 Get good software.

Well that should be it. But lets not forget the last and one of the most important on our list “Financing”. Sports book, betting exchange, poker, and casino websites are by far the most expensive business operations you can ever run, and this does not change the facts for an online operation. You do not need a building, but you will need hosting, you do not need slot machines but you will need software, you do not need cashiers but you will need payment merchants and/or gateways. Speak to your lawyer, speak with your marketing and research team, they will give you pointers to get funding, you will definitely require money to run this business constantly, so find sponsors, investors that will partner with you unless of course you have the cash and is willing to use your own money, Here is a hint you will need more than just EUR 500K EUR. Tip #6 Get funding.

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